Cirrus Logic Files 8-K on Financials

TL;DR

CRUS filed an 8-K, check it for financial updates.

AI Summary

On May 7, 2024, Cirrus Logic, Inc. filed an 8-K report. The filing primarily concerns the company's results of operations and financial condition, along with Regulation FD disclosures and financial statements. No specific financial figures or new material events were detailed in the provided excerpt.

Why It Matters

This filing provides an update on Cirrus Logic's financial performance and regulatory disclosures, which is important for investors to assess the company's current standing.

Risk Assessment

Risk Level: low — The filing is a routine 8-K reporting financial condition and operations, with no immediate negative or positive material events indicated in the provided text.

Key Players & Entities

• CIRRUS LOGIC, INC. (company) — Registrant
• 0000772406 (company) — Central Index Key
• May 7, 2024 (date) — Date of report
• 800 W. 6th Street Austin, TX 78701 (address) — Principal Executive Offices
• (512) 851-4000 (phone) — Registrant's telephone number

FAQ

Key Financial Figures

• $0.001 — ange on which registered Common stock, $0.001 par value CRUS The NASDAQ Stock Market

Filing Documents

• crus-20240507.htm (8-K) — 32KB
• q4fy24pressrelease.htm (EX-99.1) — 358KB
• q4fy24shareholderletter.htm (EX-99.2) — 406KB
• chart-30378e8383274ae3b9da.jpg (GRAPHIC) — 14KB
• chart-4126f2e205a44a27baba.jpg (GRAPHIC) — 15KB
• chart-596b0db473e342e9a08.jpg (GRAPHIC) — 104KB
• chart-9645f3e89c3f4394857a.jpg (GRAPHIC) — 92KB
• chart-9bedb91dcc194329a46a.jpg (GRAPHIC) — 15KB
• image_0a.jpg (GRAPHIC) — 70KB
• image_8a.jpg (GRAPHIC) — 25KB
• image_9a.jpg (GRAPHIC) — 29KB
• imagea.jpg (GRAPHIC) — 4KB
• 0000772406-24-000015.txt ( ) — 1478KB
• crus-20240507.xsd (EX-101.SCH) — 2KB
• crus-20240507_lab.xml (EX-101.LAB) — 21KB
• crus-20240507_pre.xml (EX-101.PRE) — 12KB
• crus-20240507_htm.xml (XML) — 3KB

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition. On May 7, 2024, Cirrus Logic, Inc. ("Cirrus Logic" or the "Company") issued a press release announcing its financial results for its fourth quarter and full fiscal year 2024. The full text of the press release is furnished as Exhibit No. 99.1 to this Current Report on Form 8-K.

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure On May 7, 2024, in addition to issuing a press release, the Company posted on its website a shareholder letter to investors summarizing the financial results for its fourth quarter and full fiscal year 2024. The full text of the shareholder letter is furnished as Exhibit No. 99.2 to this Current Report on Form 8-K. Use of Non-GAAP Financial Information To supplement Cirrus Logic's financial statements presented on a GAAP basis, Cirrus has provided non-GAAP financial information, including non-GAAP net income, diluted earnings per share, diluted share count, operating income and profit, operating expenses, gross margin and profit, tax expense, tax expense impact on earnings per share, effective tax rate, free cash flow and free cash flow margin. A reconciliation of the adjustments to GAAP results is included in the press release below. Non-GAAP financial information is not meant as a substitute for GAAP results, but is included because management believes such information is useful to our investors for informational and comparative purposes. In addition, certain non-GAAP financial information is used internally by management to evaluate and manage the company. The non-GAAP financial information used by Cirrus Logic may differ from that used by other companies. These non-GAAP measures should be considered in addition to, and not as a substitute for, the results prepared in accordance with GAAP. The information contained in Items 2.02, 7.01, and 9.01 in this Current Report on Form 8-K and the exhibits furnished hereto contain forward-looking statements regarding the Company and cautionary statements identifying important factors that could cause actual results to differ materially from those anticipated. In addition, this information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall t

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Description Exhibit 99.1 Cirrus Logic, Inc. press release dated May 7, 2024 Exhibit 99.2 Cirrus Logic, Inc. shareholder letter dated May 7, 2024 Exhibit 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. CIRRUS LOGIC, INC. Date: May 7, 2024 By: /s/ Venk Nathamuni Name: Venk Nathamuni Title: Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR