1/12/2023 0 Comments Cirrus logic stock![]() Starting with a table, the analysis for Apple's revenue uptake follows: Cirrus Now, for this December, an analysis of Cirrus' revenue paints a totally different story. At times, June's results haven't been close to Apple's real take. Apple tends to build in September, take what it uses in the December quarter, while beginning to shed inventory in March, finally finishing adjustments in June. Normally, our experience with the December quarter revenue reveals Apple's true take for investors. Because of management's conservative approach to guidance, the most common result is a high-end beat.įinally, management noted that it had one customer at 82% or $450 million. ![]() Our estimate for the March quarter equals $450 million * 0.52 - $120 million * 0.86 / 59 million shares or $1.70. Continuing, guidance for margins ranged between 51 and 53% non-GAAP expenses including the general increases for the March quarter would be at the low end, $120 million. The company also explained that margins at 50+% would in time drop to the 50% hovering near 50 for the long-time foreseeable future. Analysts had $350 million estimates or $80 million less than guided. Guidance for March positively shocked investors being at $420-$440 million. For the first three quarters of the FY-2022, earnings equals $4.9 ( $1.82 for September and $0.54 for June). Revenue for December equaled $550 million with earnings non-GAAP at $2.54. The company announced marvelous results coupled with insane guidance. ![]() We, again, begin with the call results plus guidance. Junk happens, but still, it is critical to speak at a level of honesty. Before we begin, we, all of us must remember one event doesn't define an individual nor a company. After trading up 15% in after-hours, the stock sold off nearly 10% from the Monday close before recovering slightly on Tuesday. Like Elvis' famous title, "Return to Sender," Cirrus Logic ( NASDAQ: CRUS) sent a powerfully positive letter of which the postman returned, stamped, "Return to Sender, address unknown." Within the context of the call, management failed in delivering the extremely positive nature of its growth in the past year and going forward. ![]()
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