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AI brief of an SEC Form 8-K · Cirrus Logic (CRUS)

Cirrus Logic Q4 revenue $371.8 million tops guidance; June quarter outlook lower

Mixed Impact 4 of 5 earnings Written later

Cirrus Logic reported fiscal fourth-quarter 2024 revenue of $371.8 million, above the top end of its guidance range, and GAAP earnings per share of $0.81 compared with a loss of $0.97 a year earlier. Revenue fell 40 percent from the prior quarter, and the company guided June quarter revenue to $290 million to $350 million, which is down 14 percent sequentially at the midpoint.

Key points

  • Q4 FY24 revenue of $371.8 million, down 40 percent quarter over quarter and approximately flat year over year
  • Q4 GAAP diluted EPS of $0.81 versus a loss of $0.97 a year earlier; non-GAAP EPS of $1.24 versus $0.92
  • FY24 revenue of $1.79 billion, down six percent; GAAP EPS of $4.90 versus $3.09
  • Q1 FY25 guidance: revenue of $290 million to $350 million and GAAP gross margin of 49 to 51 percent

The filing

CompanyCirrus Logic (CRUS)
Form8-K, current report
Filed with the SECMay 7, 2024, 4:00 PM ET
Accession number0000772406-24-000015

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:05 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 07, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.