Cypress Reports Second Quarter 2018 Results

SAN JOSE, Calif. — (BUSINESS WIRE) — July 26, 2018 — Cypress Semiconductor Corporation (NASDAQ: CY), a leader in embedded solutions, today announced its second quarter 2018 results with the following highlights:

  • Record revenue of $624.1 million, a 7.2% increase sequentially
  • GAAP and non-GAAP gross margins were 37.5% and 46.3%, respectively, and represent a 500 bps and 540 bps increase year over year
  • GAAP and non-GAAP diluted EPS were 7 and 33 cents respectively
  • MCD revenue increased 9.4% sequentially driven by strength in microcontrollers and wireless connectivity

“The team is executing well and has delivered record revenue this quarter as Cypress continues to gain share in our high-growth markets of Automotive, Industrial and Consumer,” said Hassane El-Khoury, Cypress’ president and chief executive officer. “Our platform of Connect, Compute and Store solutions gives developers everything they need to create winning IoT products quickly and easily.”

Revenue and earnings for the quarter are shown below with comparable periods:

(In thousands, except per-share data)

    GAAP1     NON-GAAP2
Q2 2018     Q1 2018     Q2 2017 Q2 2018     Q1 2018     Q2 2017
Revenue $ 624,090 $ 582,241 $ 593,776 $ 624,090 $ 582,241 $ 593,776
Gross margin 37.5 % 36.5 % 32.5 % 46.3 % 45.9 % 40.9 %
Operating margin 8.1 % 6.1 % 1.5 % 22.3 % 19.5 % 15.4 %
Net income (loss) $ 27,706 $ 9,078 $ (16,920 ) $ 124,964 $ 100,296 $ 74,704
Diluted EPS (loss) $ 0.07 $ 0.02 $ (0.05 ) $ 0.33 $ 0.27 $ 0.21
 

1 | 2 | 3 | 4 | 5 | 6 | 7  Next Page »



Review Article Be the first to review this article
Aldec


Featured Video
Jobs
Salesforce Technical Lead   East Coast  for EDA Careers at Cherry Hill, New Jersey
Senior Account Managers… FORMAL VERIFICATION...VALLEY for EDA Careers at San Jose, California
Senior Software Architect Internet for EDA Careers at San Jose, California
Hardware Engineer, Board Design for Arista Networks at Santa Clara, California
Sr. Application Engineer for Mentor Graphics at Fremont, California
Upcoming Events
FLEX 2020 and MSTC 2020 at DoubleTree by Hilton 2050 Gateway Place San Jose CA - Feb 24 - 27, 2020
DVCon U.S. 2020 at DoubleTree Hotel San Jose CA - Mar 2 - 5, 2020
OFC 2020 - The Optical Networking and Communication Conference & Exhibition at San Diego Convention Center San Diego CA - Mar 8 - 12, 2020
DATE '2020 at ALPEXPO Grenoble France - Mar 9 - 13, 2020



© 2020 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise