Cypress Semiconductor (CY) Tops Q1 EPS by 3c
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Cypress Reports First Quarter 2018 Results
April 26, 2018 4:05 PM EDTSAN JOSE, Calif.--(BUSINESS WIRE)-- Cypress Semiconductor Corporation (NASDAQ: CY), a leader in embedded solutions, today announced its first quarter 2018 results with the following highlights:
Revenue was $582.2 million, a 9.5% year-over-year increase GAAP and non-GAAP gross margins were 36.5% and 45.9%, respectively, and represent a 700bps and 660bps increase year over year GAAP diluted EPS improved by 15 cents to $0.02 and Non-GAAP diluted EPS improved 14 cents to $0.27 year over year Revenue from the Automotive end market increased 14.8% year over year... More