CRUS - Cirrus Logic Non-GAAP EPS of $0.92 beats by $0.08 revenue of $372.82M beats by $5.5M

2023-05-04 16:05:23 ET

• Cirrus Logic press release ( NASDAQ: CRUS ): Q4 Non-GAAP EPS of $0.92 beats by $0.08 .
• Revenue of $372.82M (-23.9% Y/Y) beats by $5.5M .
• Non-GAAP gross margin of 50.0 percent and 50.1 percent;
• GAAP operating expenses of $249.2 million and non-GAAP operating expenses of $119.8 million.
• Q1 2024 Outlook: Revenue is expected to range between $260 million and $320 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 $23 million in stock-based compensation expense, $2 million in amortization of acquired intangibles, and $3 million in acquisition-related costs.
• Shares -2.83% .

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