Cirrus Logic (CRUS) Offers Q3 Guidance Inline
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Cirrus Logic, Inc. (Nasdaq: CRUS) forecasts revenue for the third quarter to be between $102 million and $108 million, inline with the consensus of $107.98 million. Gross margin is expected to be between 53 percent and 55 percent for the quarter.
Management reports that combined R&D and SG&A expenses are expected to range between $37 million and $39 million, which includes approximately $3 million in share-based compensation and amortization of acquisition-related intangibles expenses.
Management reports that combined R&D and SG&A expenses are expected to range between $37 million and $39 million, which includes approximately $3 million in share-based compensation and amortization of acquisition-related intangibles expenses.
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