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