Cirrus Logic Reports Fourth Quarter Revenue of $424.5 Million and Full Fiscal Year 2025 Revenue of $1.90 Billion

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 fourth quarter and full fiscal year 2025, which ended March 29, 2025, as well as the company’s current business outlook.\n\n“Cirrus Logic delivered six percent revenue growth and record earnings per share in FY25. We are pleased with our achievements during the year, with the company making excellent progress executing our strategic growth plan. In FY25, we began shipping the latest generation of our boosted amplifier and our first 22-nanometer smart codec, grew our momentum in the laptop market, and introduced a series of general market components that expand our product portfolio and revenue opportunities across a number of markets,” said John Forsyth, Cirrus Logic president and chief executive officer. “With a rich portfolio of products and an exciting pipeline of innovations in development, we look forward to capitalizing on the many opportunities ahead of us to further broaden our technology and market reach.”\n\nReported Financial Results – Fourth Quarter FY25\n\n\nRevenue of $424.5 million;\n\n\nGAAP and non-GAAP gross margin of 53.4 percent and 53.5 percent;\n\n\nGAAP operating expenses of $140.8 million and non-GAAP operating expenses of $120.0 million; and\n\n\nGAAP earnings per share of $1.31 and non-GAAP earnings per share of $1.67.\n\n\nReported Financial Results – Full Fiscal Year 2025\n\n\nRevenue of $1.90 billion;\n\n\nGAAP and non-GAAP gross margin of 52.5 percent and 52.6 percent;\n\n\nGAAP operating expenses of $585.7 million and non-GAAP operating expenses of $494.1 million; and\n\n\nGAAP earnings per share of $6.00 and non-GAAP earnings per share of $7.54.\n\n\nA reconciliation of GAAP to non-GAAP financial information is included in the tables accompanying this press release.\n\nBusiness Outlook – First Quarter FY26\n\n\nRevenue is expected to range between $330 million and $390 million;\n\n\nGAAP gross margin is forecasted to be between 51 percent and 53 percent; and\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, resultin...

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