11/2/2020

speaker
Operator
Operator

Ladies and gentlemen, thank you for standing by. Welcome to the Cirrus Logic second quarter fiscal year 2021 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. As of now, let's turn the conference call over to Mr. Thurman Keith, Chief Financial Officer. Mr. Keith, please begin.

speaker
Thurman Keith
Chief Financial Officer

Thank you and good afternoon. Joining me on today's call is Jason Rogue, 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 second quarter fiscal year 2021, approximately 4 p.m. Eastern. The shareholder letter discussing our financial results, earnings press release, including a reconciliation of non-GAAP financial information to the most important directly comparable GAAP information, along with the website of this Q&A session, are all available on the company investor relations website at investor.service.com. This call will feature questions from the panelists covering our company, as well as questions submitted to us via email at investor.relationsatsaras.com. Please note that during this session, we may make projections and other forward-looking statements that are subject to risk and uncertainties that may cause actual results to differ materially from projections. By providing this information, the company expressly disclaims any 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 and shareholder letter issued today, which are available on the Cirrus Logic website, and 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. On a personal note, Jason, it's been a heck of a ride, and I've really enjoyed, it's been a great time working with you. And I guess now, for the last time, I'll turn the call over to Jason.

speaker
Jason Rogue
Chief Executive Officer

Thank you, Thurman. I agree. It's been a pleasure. Before I start, I'll note that we are having significant technical difficulties with leader view. If you're an analyst covering us and you could do us a favor, maybe texting Chelsea a quick question. We're having a very hard time figuring this all out. But anyway, we'll at least try to be able to cover some of your thoughts. Thanks. Anyway, thank you, Thurman. Before we begin discussing our results, I'd like to make a few comments on today's announcement that I will be stepping down as CEO on January 1st. I joined Cirrus Logic after completing school in 1995 and it's the only company I've ever worked for. It's been an incredible journey for me personally. I'm proud of the company's transformation during my tenure. We've developed strong relationships with some of the best customers in the world, delivered meaningful financial growth as a result, and built an incredible corporate culture that fosters innovation, execution, integrity, and camaraderie while promoting a fun work environment. We're thrilled with our outlet going forward, and I'm confident that John's passion, strategic vision, and leadership skills make him the right person to lead Cirith Logic into a bright future. I'm excited to continue working with him in our new roles. The company also announced that David Tutman will become chairman of the board of directors on January 1st, succeeding Al Shuley. I'd like to take this opportunity to thank Al for his outstanding stewardship as chairman of the board over the last eight years. Al's experience and expertise has been incredibly valuable, and I'm thankful for the relationship we've built over the years. A member of the board since 2015, David brings an extremely valuable and deep understanding of engineering and product design to our team. I believe his expertise will be extremely beneficial in his role as chair for the management team and technical leadership. I look forward to his extended role as our chairman. I will now turn the call over to John.

Disclaimer

This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

-

-