Cirrus Logic(CRUS) - 2025 Q1 - Quarterly Results

Exhibit 99.2 Q1 FY25 Letter to Shareholders August 6, 2024 August 6, 2024 Dear Shareholders, In Q1 FY25, Cirrus Logic delivered revenue of $374.0 million, up 18% year over year. Revenue was above the top end of our guidance range due to stronger-than-expected shipments into smartphones. GAAP and non- GAAP operating profit were 12.5 percent and 19.0 percent, respectively, while GAAP and non-GAAP earnings per share were$ 0.76 and $1.12, respectively. During the quarter, we started ramping production of our ne ...