Cypress Reports First Quarter 2019 Results
For the second quarter of 2019, Cypress estimates financial results as
follows:
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GAAP
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Non-GAAP
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Revenue (2)
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$515 million to $545 million
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Gross Margin
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37.0% - 37.5%
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47.0% - 47.5%
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Diluted EPS (3)
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$(0.03) to $0.01
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$0.22 to $0.26
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1.
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Our Q2 2019 outlook reflects our divestiture of the NAND flash
business, which closed on April 1, 2019.
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2.
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For comparison purposes, Q1 2019 revenue would have been $507.9
million excluding the $31.1 million of revenue from the divested
NAND flash business, and Q2 2018 revenue would have been $574.6
million excluding the $49.5 million of revenue from the divested
NAND flash business.
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3.
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Our share of the NAND joint venture’s Q2 2019 income or loss will be
recognized in our Statement of Operations within the line item
"Share in net income (loss) of equity method investments." Our
expected share of such income is included in our EPS outlook on a
GAAP basis but is excluded from our EPS outlook on a non-GAAP basis.
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