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Sep 25, 2021
Cirrus Logic Q2 2022 Earnings Report
Cirrus Logic reported record revenue and EPS, delivering solid year-over-year operating profit growth.
Key Takeaways
Cirrus Logic reported a strong Q2 FY22, with revenue reaching $465.9 million, driven by high-performance mixed-signal content gains. The company saw a 34% year-over-year revenue increase and made progress in diversifying beyond audio.
Cirrus Logic reported Q2 FY22 revenue of $465.9 million.
GAAP gross margin was 50.5 percent, and non-GAAP gross margin was 51.3 percent.
GAAP earnings per share were $1.43, and non-GAAP earnings per share were $1.82.
The company made progress on its strategy to diversify beyond audio.
Forward Guidance
Cirrus Logic anticipates revenue to range between $490 million and $530 million, GAAP gross margin to be between 50 percent and 52 percent, and combined GAAP R&D and SG&A expenses to range between $141 million and $147 million for Q3 FY22.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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