Cypress Reports Third Quarter 2018 Results

Revenue and earnings for the year-to-date are shown below with comparable periods:

(In thousands, except per-share data)

  GAAP1   NON-GAAP2
Nine Months Nine Months
Q3 2018   Q3 2017 Q3 2018   Q3 2017
Revenue $ 1,879,366 $ 1,730,224 $ 1,879,366 $ 1,730,224
Gross margin 37.6 % 32.3 % 46.4 % 41.1 %
Operating margin 8.6 % 2.1 % 22.3 % 15.7 %
Net income (loss) $ 87,478 $ (46,902 ) $ 377,984 $ 219,573
Diluted EPS (loss) $ 0.23 $ (0.14 ) $ 1.01 $ 0.61
1.   In 2018, certain expenses have been reclassified as part of cost of revenue. Historical results have been conformed with the 2018 presentation.
2. See the “Reconciliation of GAAP Financial Measures to Non-GAAP Financial Measures” tables (“Non-GAAP Reconciliation Tables”) included below.
 

BUSINESS REVIEW

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