Cirrus Logic, Inc. (CRUS) Tops Q2 EPS by 19c, Offers Guidance

Cirrus Logic, Inc. (NASDAQ: CRUS) reported Q2 EPS of $1.82, $0.19 better than the analyst estimate of $1.63. Revenue for the quarter came in at $465.9 million versus the consensus estimate of $450.4 million.

GUIDANCE:

Cirrus Logic, Inc. sees Q3 2022 revenue of $490-530 million, versus the consensus of $502 million.

• Revenue is expected to range between $490 million and $530 million;
• GAAP gross margin is forecasted to be between 50 percent and 52 percent; and
• Combined GAAP R&D and SG&A expenses are anticipated to range between $141 million and $147 million, including approximately $19 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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