Cirrus Logic, Inc. (CRUS) Tops Q4 EPS by 19c, Revenues Beat; Offers 1Q Revenue Mid-Point Guidance Below Consensus

Cirrus Logic, Inc. (NASDAQ: CRUS) reported Q4 EPS of $0.68, $0.19 better than the analyst estimate of $0.49. Revenue for the quarter came in at $279.3 million versus the consensus estimate of $259.91 million.

Reported Financial Results – Fourth Quarter FY20

Revenue is expected to range between $200 million and $250 million;
GAAP gross margin to be between 51 percent and 53 percent; and
Combined GAAP R&D and SG&A expenses to range between $111 million and $117 million, including approximately $14 million in stock-based compensation expense and $3 million in amortization of acquired intangibles.

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

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