Cirrus Logic, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended December 30, 2023
February 06, 2024 at 04:00 pm EST
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Cirrus Logic, Inc. reported earnings results for the third quarter and nine months ended December 30, 2023. For the third quarter, the company reported revenue was USD 618.98 million compared to USD 590.58 million a year ago. Net income was USD 138.72 million compared to USD 103.48 million a year ago. Basic earnings per share from continuing operations was USD 2.57 compared to USD 1.87 a year ago. Diluted earnings per share from continuing operations was USD 2.5 compared to USD 1.83 a year ago.
For the nine months, revenue was USD 1,417.06 million compared to USD 1,524.8 million a year ago. Net income was USD 229.73 million compared to USD 230.37 million a year ago. Basic earnings per share from continuing operations was USD 4.22 compared to USD 4.13 a year ago. Diluted earnings per share from continuing operations was USD 4.09 compared to USD 4.02 a year ago.
Cirrus Logic, Inc. is engaged in low-power, high-precision mixed-signal processing solutions. The Company's product line categories are Audio and High-Performance Mixed-Signal (HPMS). It is a supplier of low-power, low-latency, high-precision audio components that are used in a variety of applications, including smartphones, tablets, laptops, virtual reality/augmented reality headsets, home theater systems, automotive entertainment systems and professional audio systems. Its Audio Products include boosted amplifiers, codecs, smart codecs, analog-to-digital converters, digital-to-analog converters, and standalone digital signal processors. The Companyâs HPMS Products include camera controllers, haptics and sensing solutions, battery, and power integrated circuits (ICs). Additionally, the Companyâs SoundClear technology consists of a broad portfolio of tools, software and algorithms that help to differentiate its customersâ products by improving the user experience.
CIRRUS LOGIC, INC. 
