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Mar 26, 2022
Cirrus Logic Q4 2022 Earnings Report
Cirrus Logic reported strong Q4 results driven by content gains.
Key Takeaways
Cirrus Logic reported Q4 revenue of $490.0 million with GAAP earnings per share of $1.64 and non-GAAP earnings per share of $2.01. FY22 revenue was $1.78 billion. The company expects Q1 FY23 revenue to range between $350 million and $390 million.
Q4 revenue was $490.0 million.
GAAP gross margin was 52.8 percent and non-GAAP gross margin was 52.9 percent.
GAAP earnings per share was $1.64 and non-GAAP earnings per share was $2.01.
FY22 revenue increased 30 percent year over year.
Forward Guidance
Cirrus Logic expects Q1 FY23 revenue to range between $350 million and $390 million; GAAP 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 $147 million and $153 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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