CIRRUS LOGIC, INC. amended credit facility of $350 million senior secured revolving credit facility with Wells Fargo Bank, National Association, as Administrative Agent at Term SOFR plus the Applicable Margin maturing May 4, 2031.
“used and not defined in this section of Item 1.01 have the meanings given to such terms in the Third Amended Credit Agreement. The Third Amended Credit Agreement provides for a $350 million senior secured revolving credit facility (the “Revolving Credit Facility”). The Revolving Credit Facility matures on May 4, 2031 (the “Maturity Date”). Cirrus Logic must repay”
Earnings Releases
CIRRUS LOGIC, INC. reported its fourth quarter and full fiscal year 2026, which ended March 28, 2026 results: revenue $448.5 million, EPS GAAP earnings per share of $1.56 and non-GAAP earnings per share of $1.95.
“Cirrus Logic Reports Fourth Quarter Revenue of $448.5 Million and Record Full Fiscal Year 2026 Revenue of $2.0 Billion”
Material Agreements
CIRRUS LOGIC, INC. entered into Third Amended Credit Agreement with Wells Fargo Bank, National Association, as Administrative Agent, and the Lenders party thereto valued at $350 million (effective 2026-05-04).
“On May 4, 2026, Cirrus Logic, Inc. ("Cirrus Logic" or the "Company") entered into a third amended and restated credit agreement (the “Third Amended Credit Agreement”) with Wells Fargo Bank, National Association, as Administrative Agent, and the Lenders party thereto.”
Jeff Woolard was appointed as Chief Financial Officer at CIRRUS LOGIC, INC..
“On February 4, 2025, Cirrus Logic, Inc. (the “Company,” “we,” or “our”) announced the appointment of Jeff Woolard as Chief Financial Officer (“CFO”) of the Company, effective February 24, 2025.”
Timothy R. Dehne departed as Director at CIRRUS LOGIC, INC..
“On May 17, 2024, Timothy R. Dehne, a member of the Board of Directors (the “Board”) of Cirrus Logic, Inc. (the “Company”), informed the Company that he will retire from the Board and will not stand for reelection at the Company’s Annual Meeting of Stockholders, currently scheduled for July 26, 2024 (“2024 Annual Meeting”).”
Ulf Habermann was appointed as interim Chief Financial Officer at CIRRUS LOGIC, INC..
“the Company’s Board of Directors appointed Ulf Habermann, the Company’s current Principal Accounting Officer, as interim Chief Financial Officer effective upon Mr. Nathamuni’s resignation and until a successor is appointed.”
Venk Nathamuni resigned as Chief Financial Officer at CIRRUS LOGIC, INC..
“On May 11, 2024, Venk Nathamuni provided Cirrus Logic, Inc. (the “Company”) with notice of his intent to resign from his position as Chief Financial Officer effective May 24, 2024.”
Earnings Releases
CIRRUS LOGIC, INC. reported Q1 FY25 results: revenue $290 million to $350 million.
“Business Outlook – First Quarter FY25 • Revenue is expected to range between $290 million and $350 million; • GAAP gross margin is forecasted to be between 49 percent and 51 percent; and • Combined GAAP R&D and SG&A expenses are anticipated to range between $142 million and $148 million, including approximately $22 million in stock-based compensation expense and $2 million in amortization of acquired intangibles, resulting in a non-GAAP operating expense range between $118 million and $124 million.”
Earnings Releases
CIRRUS LOGIC, INC. reported full fiscal year 2024 results: revenue $1.79 billion, EPS $4.90 GAAP and non-GAAP earnings per share of $6.59.
“Reported Financial Results – Full Fiscal Year 2024 • Revenue of $1.79 billion; • GAAP and non-GAAP gross margin of 51.2 percent and 51.3 percent; • GAAP operating expenses of $572.6 million and non-GAAP operating expenses of $470.4 million; and • GAAP earnings per share of $4.90 and non-GAAP earnings per share of $6.59.”
Earnings Releases
CIRRUS LOGIC, INC. reported Q4 FY24 results: revenue $371.8 million, EPS $0.81 GAAP and non-GAAP earnings per share of $1.24.
“Reported Financial Results – Fourth Quarter FY24 • Revenue of $371.8 million; • GAAP and non-GAAP gross margin of 51.8 percent and 51.9 percent; • GAAP operating expenses of $140.2 million and non-GAAP operating expenses of $116.5 million; and • GAAP earnings per share of $0.81 and non-GAAP earnings per share of $1.24.”
Earnings Releases
CIRRUS LOGIC, INC. reported third quarter fiscal year 2024, which ended December 30, 2023 results: revenue $619.0 million, EPS $2.50. Guidance reaffirmed.
“text of the press release is furnished as Exhibit No. 99.1 to this Current Report on Form 8-K. --- EX-99.1 (EX-99.1) --- FINANCIAL NEWS Cirrus Logic Reports Record Revenue of $619.0 Million for Fiscal Third Quarter AUSTIN, Texas – Feb 6, 2024 – Cirrus Logic, Inc. (NASDAQ: CRUS) today posted on its website at investor.cirrus.com the quarterly Shareholder Letter that”
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