Cirrus Logic(CRUS) - 2024 Q4 - Annual Results
CRUSCirrus Logic(CRUS)2024-05-08 04:00

Exhibit 99.2 Q4 and Full Fiscal Year 2024 Letter to Shareholders May 7, 2024 May 7, 2024 Dear Shareholders, In FY24, Cirrus Logic delivered full fiscal year revenue of 1.79billion.GAAPandnonGAAPoperatingprofitinFY24were19.2percentand25.0percent,respectively,whileFY24GAAPandnonGAAPearningspersharewere1.79 billion. GAAP and non-GAAP operating profit in FY24 were 19.2 percent and 25.0 percent, respectively, while FY24 GAAP and non-GAAP earnings per share were 4.90 and 6.59,respectively.Revenuedecreasedsixpercentyearoveryear,whilenonGAAPearningspershareincreasedthreepercent.Q4FY24revenuewas6.59, respectively. Revenue decreased six percent year-over-year, while non-GAAP earnings per share increased three percent. Q4 FY24 revenue was 371.8 million, above the t ...