Cypress Reports Fourth Quarter and Year End 2018 Results
CYPRESS SEMICONDUCTOR (CY)
Last cypress semiconductor earnings: 1/30 04:05 pm
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Source: Business Wire
SAN JOSE, Calif.--(BUSINESS WIRE)-- Cypress Semiconductor Corporation (NASDAQ: CY), a leader in embedded solutions, today announced its fourth quarter and fiscal year 2018 results with the following highlights: Record fiscal year revenue of $2.48 billion representing 6.7% year-over-year growth Automotive fiscal year revenue grew 13% year-over-year Fourth quarter revenue was $604.5 million and GAAP and non-GAAP gross margins were 37.3% and 47.8%, respectively Fourth quarter GAAP and non-GAAP diluted EPS were 72 cents and 35 cents, respectively Fiscal year 2018 cash from operations of $471.7 million increased 16.9% year-over-year "Our disciplined execution in 2018 resulted in record fiscal year revenue, the achievement of our 2018 gross margin improvement plans that we committed to at our 2017 Analyst Day event, and
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