Cirrus Logic Inc. reported its financial results for the fiscal year ending March 29, 2025, showing an increase in net sales with a gross margin of 53%, up from 51% in the previous year. The company recorded net income at 18% of net sales, an improvement from the 15% noted in fiscal year 2024. The financial statements reveal that the company's research and development expenses accounted for 23% of net sales, slightly down from 24% in the previous two fiscal years. The company made significant progress in its strategic initiatives, particularly in its flagship smartphone audio business, where it began shipping its latest-generation boosted amplifier and its first 22-nanometer product. Cirrus Logic tracks its operating results in one reportable segment but reports revenue performance by product line, specifically Audio and HPMS products. No specific guidance or outlook for future periods was provided in the report.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.