The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Christopher Rolland - Susquehanna Financial Group LLLP - Analyst
: Hey guys, thanks for the question, and congrats on the results. I guess, with the results and guidance here, the results in particular, there's just a
very big delta between what you're expecting and what actually happened.
And so I just wanted to understand what's driving delta? Was it just conservatism in the guide? Or is this better units or better content or a better
Question: Christopher Rolland - Susquehanna Financial Group LLLP - Analyst
: Thanks John. I guess secondly, I wanted to kind of check in on your diversification efforts outside of your largest customer. On the PC side, I wanted
to know how big the Compal thing was in driving new designs, and then check in with the auto opportunity as well. And anything else that you
can point to there, is it going better than you would expect that diversification effort?
Question: David Williams - The Benchmark Company LLC - Analyst
: Hey, good afternoon, and thanks for taking my question. So lots of great color there on the last question. I guess, if we kind of think about the
volumes and the content and just kind of the puts and takes around the first half being more weighted versus the second half, is there a way to
kind of, I guess, qualify the magnitude of that? And maybe what -- how to think about the difference between the content and the volume
differential?
Question: David Williams - The Benchmark Company LLC - Analyst
: Great. Lots of great color there. I appreciate it. And then just kind of thinking about the AI opportunities, and you've talked to this before, but just
kind of curious if there's new areas or new products potentially that you could work into the AI trend or especially at your largest customer, but
even beyond that, maybe in the laptop space or even on the Android side, anything I think to that future opportunity would be helpful. Thanks.
Question: Tore Svanberg - Stifel, Nicolaus & Company Inc - Analyst
: Yes, thank you. So I just had a follow-up question on where you talked about seasonality there, John. And maybe I missed this from Jeff's comments,
but I mean typically, first half, first calendar is 40% and then second half 60%. So are we kind of looking more sort of at a 45%, 50% profile? Is that
how we should think about it? 45%, 55% versus 40%, 60%?
Question: Tore Svanberg - Stifel, Nicolaus & Company Inc - Analyst
: Got it. And related to that, you mentioned you expect inventories to be down sequentially in the September quarter. So does that also have
something to do with that? Or is it just purely the GlobalFoundries commitments that are sort of trailing off?
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AUGUST 05, 2025 / 9:00PM, CRUS.OQ - Q1 2026 Cirrus Logic Inc Earnings Call
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