Cirrus Logic, Inc. Reports Earnings Results for the First Quarter Ended June 24, 2023
August 03, 2023 at 09:04 pm
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Cirrus Logic, Inc. reported earnings results for the first quarter ended June 24, 2023. For the first quarter, the company reported sales was USD 317.02 million compared to USD 393.64 million a year ago. Net income was USD 15.6 million compared to USD 39.71 million a year ago.
Basic earnings per share from continuing operations was USD 0.28 compared to USD 0.71 a year ago. Diluted earnings per share from continuing operations was USD 0.28 compared to USD 0.69 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. 
