Cypress Semiconductor (CY) Tops Q3 EPS by 2c, Offers Q4 Guidance
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Cypress Reports Third Quarter 2018 Results
October 25, 2018 4:05 PM EDTSAN JOSE, Calif.--(BUSINESS WIRE)-- Cypress Semiconductor Corporation (NASDAQ: CY), a leader in embedded solutions, today announced its third quarter 2018 results with the following highlights:
Record revenue of $673.0 million, a 7.8% increase sequentially and 11.3% year-over-year GAAP and non-GAAP gross margins were 38.6% and 47.0%, respectively, and represent a 390 bps and 400 bps increase year-over-year GAAP diluted EPS increased 10 cents to $0.14 and Non-GAAP diluted EPS increased 13 cents to $0.40 year-over-year Automotive revenue increased 8.3% sequentially and 12.8% year-over-year... More
