For the second quarter of 2018, Cypress estimates financial results as follows:
| GAAP | Non-GAAP | |||||
| Revenue | $605 million to $630 million | |||||
| Gross Margin % | 36.0% to 37.0% | 45.5% to 46.5% | ||||
| Diluted EPS | $0.01 to $0.04 | $0.27 to $0.31 | ||||
A reconciliation of GAAP forward-looking estimates to non-GAAP forward-looking estimates may be found in the tables at the end of this earnings report.
The timing and amount of certain material items, including restructuring charges, asset impairments, changes in value of deferred compensation assets and liabilities, impact of stock-based compensation from modification of equity awards, and the tax impact of non-GAAP adjustments, which are needed to estimate GAAP financial measures are either inherently unpredictable or outside the control of the Company, and may have a significant impact on the Company’s financial results. Accordingly, Cypress cannot provide a full quantitative reconciliation for such non-GAAP financial measures included as part of the second quarter 2018 financial outlook to the most directly comparable GAAP measure without unreasonable effort and additional adjustments may be reflected in our non-GAAP results for the second quarter of 2018. Cypress has qualitatively described below, under the section “Non-GAAP Financial Measures,” the anticipated differences between the non-GAAP financial measures and the most directly comparable GAAP measures.
CONFERENCE CALL AND WEBCAST INFORMATION
Cypress will host its quarterly conference call on April 26, 2018 at 1:30 p.m. Pacific Daylight Time to discuss its first quarter 2018 results and outlook for the second quarter of 2018.
All interested parties may dial 517-308-9119 and provide the passcode
“Cypress” to listen to the call. The event will be broadcast over the
Internet and may be accessed through Cypress’ website at
www.cypress.com/investors.
The archived presentation will be available for two weeks immediately
following the event.
