Smartphone Volumes Drive Cyrus Logic Revenue Above Expectations

Cirrus Logic, Inc. (Nasdaq:CRUS) has posted on its website at the quarterly Shareholder Letter that contains the complete financial results for the third quarter fiscal year 2020, which ended Dec. 28, 2019, as well as the company´s current business outlook, the company said.

The company reported:
Revenue of USD 374.7 million;
GAAP and non-GAAP gross margin are 52.7 percent and 52.8, respectively;
GAAP operating expenses of USD 124.8 million and non-GAAP operating expenses of USD 103.2 million; and
GAAP earnings per share of USD 1.13 and non-GAAP earnings per share of USD 1.41.

Cirrus Logic is a provider of low-power, high-precision mixed-signal processing solutions that create innovative user experiences for the world´s top mobile and consumer applications. With headquarters in Austin, Texas, Cirrus Logic is on the web at