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For long term investors, this might be a good time to look into those semiconductor companies with good revenue growth potential and strong products and services position in the market. But Intel is probably not one of them.
The earning announcement events for all major semiconductor companies (excluding equipment, software, and materials manufacturers) have completed. The Year over Year growth for Q1 2022 (or whatever the company likes to call it) are listed. Overall it's a wonderful quarter for most of them, except Intel. Intel's negative growth can't be simply explained by supply chain constraints or the spinoff of NAND memory division to SK Hynix.
Content Gains Drove Record Fourth Quarter and Full Fiscal Year Revenue and EPS Cirrus Logic, Inc. (Nasdaq: CRUS) today posted on its website at investor.cirrus.com the quarterly Shareholder Letter that contains the complete financial results for the fourth quarter and full fiscal year 2022...
Cirrus Logic reported revenue for FY22 of $1.78 billion, up 30 percent year over year. Growth was driven by high-performance mixed-signal content gainsin smartphones and, to a lesser extent,sales of fast-charging ICs in smartphones as well as audio products in laptops. In FY22, revenue from the acquisition of Lion Semiconductor contributed $44.5 million, below our original expectations, due to weakness in the China smartphone market. Revenue for the March quarter was $490.0 million, down 11 percent sequentially but up 67 percent year over year. The decline in revenue on a sequential basis reflects a reduction in smartphone unit volumes and a shift in product mix to smartphones with less high-performance mixed-signal content. This was partially offset by higher ASPs. Growth in year-over-year sales was driven by an increase in smartphone units, highperformance mixed-signal content gains, higher ASPs and, to a lesser extent, higher sales of fastcharging ICs in smartphones as well as audio products in laptops. For both the full fiscal year and Q4 FY22, revenue derived from our audio and high-performance mixed-signal product lines represented 67 percent and 33 percent of total revenue, respectively. In FY22, high-performance mixed-signal revenue increased 124 percent year over year.