secwatch.observer — SEC 8-K summary
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Issuer:     CIRRUS LOGIC, INC. (CRUS)
CIK:        0000772406
Form:       8-K
Filed at:   2022-08-02T23:59:59+00:00
Accession:  0001157523-22-000993
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cirrus Logic reports record Q1 revenue of $393.6M, EPS $0.69 GAAP, $1.12 non-GAAP; new $500M buyback
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- Revenue $393.6M (record June quarter), above high-end guidance; GAAP EPS $0.69, non-GAAP EPS $1.12.
- GAAP gross margin 51.5%; Q2 FY23 guidance: revenue $450M-$490M, gross margin 49%-51%.
- Board authorized $500M additional share repurchase; $136.1M remains from prior authorization.
- Smartphone component shipments into flagship devices drove upside.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/772406/000115752322000993/0001157523-22-000993-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/772406/000115752322000993/a52798452.htm
  HTML page:      https://secwatch.observer/filing/0001157523-22-000993

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