Cirrus Logic, Inc.

Ladies and gentlemen, thank you for standing by. Welcome to the Cirrus Logic third 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 over All 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 Chief Executive Officer, John Forsyth, the company's president, and Chelsea Heffernan, our Director of Investor Relations. Today we announced our financial results for the third quarter fiscal year 2020 at approximately 4 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.cirrus.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, in the latest form 10-K and 10-Q, as well as other corporate filings made with the Security and Exchange Commission for additional discussion 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, Thurman. 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 Q3 FY20 revenue of $374.7 million as higher than anticipated volumes of boosted amplifiers, haptic drivers, and smart codecs shipping into smartphones drove revenue above guidance. Gap and non-gap earnings per share were $1.13 and $1.41 respectively. During the quarter, the company was actively engaged with a variety of customers and development activities were robust across new and existing product categories. We began sampling new devices, several new devices, and continued to execute on key strategic initiatives. As we move forward through the next 12 to 18 months, we are excited to have a number of new products coming to market that we expect to bolster our leadership position in audio and voice and establish a strong foothold with other signal processing components beyond these traditional domains. Furthermore, we are pleased to have announced that John Forsyth has been appointed president of Cirrus Logic. As president, he is assuming a broader role in day-to-day business operations while leading the company's product development teams and continuing to drive product line strategies. As chief executive officer, I will oversee the long-term growth and direction of the company. On a personal note, I'm looking forward to working with John in his new role. 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 are now ready to take questions.