Cypress Semi +2.8% on Q2 beats, upside guide

Jul. 26, 2018 5:09 PM ETCypress Semiconductor Corporation (CY)By: Brandy Betz, SA News Editor5 Comments
  • Cypress Semiconductors (NASDAQ:CYgains 2.8% after Q2 results that beat EPS and revenue estimates with a 5% Y/Y revenue growth. Upside Q3 guidance has revenue of $655M to $685M (consensus: $655.80M) and EPS of $0.36 to $0.40 (consensus: $0.34).
  • Revenue breakdown by business unit: MCD, $368.5M (+2.2% Y/Y); MPD, $255.6M (+10%). 
  • Key metrics: Non-GAAP gross margins, 46.3% (+540 bps Y/Y); operating margin, 22.3%; cash and equivalents, $112.7M; total liabilities, $1.65B.
  • Press release.  
  • Previously: Cypress Semiconductor beats by $0.04, beats on revenue (July 26)

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