Cirrus Logic, Inc. (CRUS) Tops Q2 EPS by 54c, Offers Guidance

Cirrus Logic, Inc. (NASDAQ: CRUS) reported Q2 EPS of $1.99, $0.54 better than the analyst estimate of $1.45. Revenue for the quarter came in at $540.6 million versus the consensus estimate of $468.38 million.

GUIDANCE:

Cirrus Logic, Inc. sees Q3 2023 revenue of $520-580 million, versus the consensus of $543 million.

Revenue is expected to range between $520 million and $580 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 $153 million and $159 million, including approximately $21 million in stock-based compensation expense, $9 million in amortization of acquired intangibles, and $3 million in acquisition-related costs.

For earnings history and earnings-related data on Cirrus Logic, Inc. (CRUS) click here.

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