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Mar 30, 2024
Cirrus Logic Q4 2024 Earnings Report
Cirrus Logic reported Q4 2024 revenue of $371.8 million and full fiscal year 2024 revenue of $1.79 billion.
Key Takeaways
Cirrus Logic reported Q4 FY24 revenue of $371.8 million, with GAAP EPS of $0.81 and non-GAAP EPS of $1.24. The company made progress with new product introductions and investments in future products.
Q4 FY24 revenue was $371.8 million.
GAAP gross margin was 51.8 percent, and non-GAAP gross margin was 51.9 percent.
GAAP earnings per share was $0.81, and non-GAAP earnings per share was $1.24.
Full fiscal year 2024 revenue was $1.79 billion.
Forward Guidance
Cirrus Logic expects Q1 FY25 revenue to range between $290 million and $350 million, GAAP gross margin to be between 49 percent and 51 percent, and combined GAAP R&D and SG&A expenses to range between $142 million and $148 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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