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Cirrus Logic sees Q3 revenue $510M-$570M, consensus $539.3M
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Cirrus Logic sees Q3 revenue $510M-$570M, consensus $539.3M

Q3 GAAP gross margin is expected to be between 49 percent and 51 percent; Combined GAAP R&D and SG&A expenses are anticipated to range between $145 million and $151 million, including approximately $23 million in stock-based compensation expense and $2 million in amortization of acquisition intangibles, resulting in a non-GAAP operating expense range between $120 million and $126 million; and The December quarter will span 14 weeks instead of the typical 13 weeks as FY24 is a 53-week year.

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