Cirrus Logic, Inc. (CRUS) Tops Q3 EPS by 40c, Q4 Guidance Tops Consensus

Cirrus Logic, Inc. (NASDAQ: CRUS) reported Q3 EPS of $2.54, $0.40 better than the analyst estimate of $2.14. Revenue for the quarter came in at $548.3 million versus the consensus estimate of $510.26 million.

GUIDANCE:

Cirrus Logic, Inc. sees Q4 2022 revenue of $400-440 million, versus the consensus of $355.8 million.

• Revenue is expected to range between $400 million and $440 million;
• GAAP gross margin is forecasted to be between 51 percent and 53 percent; and
• Combined GAAP R&D and SG&A expenses are anticipated to range between $150 million and $156 million, including approximately $19 million in stock-based compensation expense, $8 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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