Cirrus Logic, Inc. (CRUS) Tops Q4 EPS by 8c

Cirrus Logic, Inc. (NASDAQ: CRUS) reported Q4 EPS of $0.92, $0.08 better than the analyst estimate of $0.84. Revenue for the quarter came in at $372.8 million versus the consensus estimate of $367.46 million.

GUIDANCE:

Cirrus Logic, Inc. sees Q1 2024 revenue of $260-320 million, versus the consensus of $326.4 million.

• AAP 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.

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

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