Company Overview - Cirrus Logic's FY25 revenue was $1.90 billion[5] - The company has a strong IP portfolio with approximately 4,130 pending and issued patents worldwide[5] Growth Strategy - The company's three-pronged strategy includes maintaining leadership in smartphone audio, increasing HPMS content in smartphones, and expanding into additional applications and markets[22] - The company is leveraging mixed-signal expertise to address new opportunities, with a significant investment in high-performance mixed-signal technologies[33] - The company is expanding content beyond smartphones, focusing on laptops, tablets, wearables, gaming, and AR/VR[37] Market Opportunity - The audio market SAM is projected to grow from $2.6 billion in 2023 to $3.3 billion in 2028[24] - The high-performance mixed-signal (HPMS) market SAM is expected to increase from $1.4 billion in 2023 to $5.7 billion in 2028[24] - HPMS SAM in smartphones is projected to grow from $0.8 billion in 2023 to $3.3 billion in 2028[27] Financial Performance - Q4 FY25 revenue was $424.5 million with a gross margin of 53.4%[52] - Combined R&D and SG&A expenses for Q4 FY25 were $140.8 million[52] - The company generated $1.7 billion of operating cash flow over the last 5 full fiscal years[65]