Cirrus Logic Reports Fiscal Third Quarter Revenue of $555.7 Million

About this update from Cirrus Logic, Inc.

[{"type":"text","content":" AUSTIN, Texas--(BUSINESS WIRE)--\nCirrus Logic, Inc. (NASDAQ: CRUS) today posted on its website at investor.cirrus.com the quarterly Shareholder Letter that contains the complete financial results for the third quarter of fiscal year 2025, which ended December 28, 2024, as well as the company’s current business outlook.\n\n\n“Cirrus Logic delivered revenue significantly above the top end of our guidance range in the December quarter as shipments into smartphones exceeded our expectations,” said John Forsyth, Cirrus Logic president and chief executive officer. “During the quarter, we experienced strong demand for our smartphone audio components, including our latest-generation custom boosted amplifier and first 22-nanometer smart codec. Additionally, we gained momentum in our laptop business as we were featured as part of the Intel Arrow Lake reference design, began sampling our latest amplifier and codec specifically designed for laptops, and expanded our breadth of content across a variety of devices. With a compelling roadmap of products and a proven track record of execution, we believe Cirrus Logic is well-positioned to grow long-term shareholder value.”\n\n\nReported Financial Results – Third Quarter FY25\n\n\n\nRevenue of $555.7 million;\n\n\n\nGAAP and non-GAAP gross margin of 53.6 percent;\n\n\n\nGAAP operating expenses of $152.0 million and non-GAAP operating expenses of $129.2 million; and\n\n\n\nGAAP earnings per share of $2.11 and non-GAAP earnings per share of $2.51.\n\n\n\nA reconciliation of GAAP to non-GAAP financial information is included in the tables accompanying this press release.\n\n\nBusiness Outlook – Fourth Quarter FY25\n\n\n\nRevenue is expected to range between $350 million and $410 million;\n\n\n\nGAAP gross margin is forecasted to be between 51 percent and 53 percent; and\n\n\n\nCombined GAAP R&D and SG&A expenses are anticipated to range between $141 million and $147 million, including approximately $20 million in stock-based compensation expense and $2 million in amortization of acquired intangibles, resulting in a non-GAAP operating expense range between $119 million and $125 million.\n\n\n\nCirrus Logic will host a live Q&A session at 5 p.m. EST today to discuss its financial results and business outlook. Participants may listen to the conference call on the investor relations website at invest...

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