Cirrus Logic, Inc.

Ladies and gentlemen, thank you for standing by. Welcome to the Cirrus Logic second quarter fiscal year 2020 financial results Q&A session. At this time, all participants are in a listen-only mode. After a brief statement, we will open up the call for questions from analysts. Instructions for queuing up will be provided at that time. As a reminder, this conference call is being recorded for replay purposes. I would now like to turn the conference call over to Mr. Thurman Case, Chief Financial Officer. Mr. Case, you may begin.

Thank you and good afternoon. Joining me on today's call is Jason Rode, Cirrus Logic's President and Chief Executive Officer, and Chelsea Heffernan, our Director of Investor Relations. Today, we announced our financial results for the second quarter fiscal year 2020 at approximately 4.45 p.m. Eastern. The shareholder letter discussing our financial results, the earnings press release, including a reconciliation of non-GAAP financial information to the most directly comparable GAAP information, along with the webcast of this Q&A session are all available at the company's investor relations website at investor.ciras.com. This call will feature questions from the analysts covering our company. as well as questions submitted to us via email at investor.relations at seris.com. Please note that during this session, we may make projections and other forward-looking statements that are subject to risks and uncertainties that may cause actual results to differ materially from projections. By providing this information, the company undertakes no obligation to update or revise any projections or forward-looking statements, whether as a result of new developments or otherwise. Please refer to the press release issued today, which is available on the Cirrus Logic website, the latest Form 10-K and 10-Q, as well as other corporate filings made with the Security and Exchange Commission for additional discussions of risk factors that could cause actual results to differ materially from current expectations. Now I'll turn the call over to Jason.

Thank you, Thurmond. Before we begin taking questions, I'd like to make a few comments. For a detailed account of our financial results, please read the shareholder letter posted on our investor relations website. Cirrus Logic delivered Q2 FY20 revenue of $388.9 million, as stronger than anticipated demand for certain components drove results significantly above the high end of guidance. Gap and non-gap earnings per share were $1.27 and $1.55, respectively. During the quarter, the company ramped production of boosted amplifiers, haptic drivers, and a new smart codec in a variety of of recently introduced smartphones, and we are now shipping product into eight of the top 10 OEMs. While our largest opportunities continue to be associated with mobile phones, we are pleased to be gaining momentum in other applications such as laptops, tablets, and digital headsets. With an extensive portfolio of products available today and an innovative roadmap that spans audio, voice, and adjacent markets, we are excited about our future. Before we begin the Q&A, I would also like to note that while we understand there is intense interest related to our largest customer, in accordance with our policy, we do not discuss specifics about our business relationship. Operator, we're now ready to take questions.