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Cirrus Logic Sees Q4 Sales $250M-$290M vs $245.68M Est.

Business Outlook – Fourth Quarter FY20 Revenue is expected to range between $250 million and $290 million; GAAP gross margin to be between 51 percent and 53 percent; and Combined GAAP R&D and SG&A

Benzinga · 01/29/2020 21:01

Business Outlook – Fourth Quarter FY20

  • Revenue is expected to range between $250 million and $290 million;
  • GAAP gross margin to be between 51 percent and 53 percent; and
  • Combined GAAP R&D and SG&A expenses to range between $115 million and $121 million, including approximately $14 million in stock-based compensation expense and $3 million in amortization of acquired intangibles;
  • GAAP operating expense is expected to include a restructuring charge of approximately $22 million.