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Sep 26, 2020
Cirrus Logic Q2 2021 Earnings Report
Cirrus Logic reported revenue above guidance and solid sales across its product portfolio.
Key Takeaways
Cirrus Logic's Q2 FY21 revenue was $347.3 million, exceeding the high end of guidance, driven by strong demand for smartphone components. The company expanded the number of smartphones, tablets, and wearables utilizing its technology and reached development milestones for product diversification.
Q2 FY21 revenue was $347.3 million, exceeding the high end of guidance.
Experienced solid sales across the breadth of product portfolio, with strong demand for smartphone components.
Expanded the number of smartphones, tablets, and wearables utilizing Cirrus Logic's technology.
Reached several meaningful development milestones that will fuel product diversification and growth opportunities.
Forward Guidance
For Q3 FY21, Cirrus Logic expects revenue to range between $440 million and $480 million, GAAP gross margin to be between 50% and 52%, and combined GAAP R&D and SG&A expenses to range between $121 million and $127 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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