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Cirrus Logic Inc. Message Board

  • wolfmanran wolfmanran May 23, 2013 11:21 AM Flag

    FROM STREETINSDIER- PRICING PRESSURES AT CONFERENCE

    Thursday after the company gave a presentation at Barclay's telecommunication conference. During the presentation, Cirrus noted increased pricing pressure in the smartphone market. The information below was taken from slides.

    June quarter
    *Revenue of $150-$170 million
    * Gross margin of 50-52%
    *R&D and SG&A $51-$55 million (including stock compensation).

    Long Term Goal:
    *20% operating profit
    *15% average year over year revenue growth

    Increased pricing pressures in the smartphone market
    *Gross margins expected to be in mid-40’s

    Revenue for fiscal year likely to be impacted by expected decline in ASPs

 
CRUS
23.88-0.30(-1.24%)Jul 11 4:00 PMEDT

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