Cirrus Logic, Inc.

Ladies and gentlemen, thank you for standing by. Welcome to the Cirrus Logic fourth quarter and full fiscal year 2022 financial results Q&A session. At this time, all participants are in a listen-only mode. After a brief statement, we will open up to call for questions from analysts. Instructions from 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 to Ms. Chelsea Heffernan, Vice President of Investor Relations. Ms. Heffernan, you may begin.

Thank you and good afternoon. Joining me on today's call is John Forsyth, Cirrus Logic's Chief Executive Officer and Bank Natamuni, Chief Financial Officer. Today we announced our financial results for the fourth quarter and full fiscal year 2022 at approximately 4 p.m. Eastern. The shareholder letter discussing our financial results, the earnings press release, along with the webcast of this Q&A session are all available on the company's investor relations website. This call will feature questions from analysts covering our company. Additionally, the results and guidance we will discuss on this call will include non-GAAP financial measures that may exclude certain items. Reconciliations of these non-GAAP measures to their most directly comparable GAAP measures are included in our earnings release and are all available on the company's investor relations website. 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 the shareholder letter issued today, which are available on the Cirrus Logic website and the latest 10-K form as well as other corporate filings registered with the Securities and Exchange Commission for additional discussion of risk factors that could cause actual results to differ materially from current expectations. I will now turn the call over to John.

Thank you, Chelsea. First, let me say welcome to Venk, who is joining us for his first earnings call with Cirrus Logic. Many of you on the call today know Venk already and are aware of his considerable experience and background in the semiconductor industry. and we are certainly all very excited about what he brings to the team here at Cirrus. I'd also like to take this opportunity to thank Thelman Case for his dedication and contribution to Cirrus Logic's growth and progress over the past 21 years. As you've seen in the press release, Cirrus Logic delivered outstanding results with record revenue and earnings per share in fiscal Q4 and for the full fiscal year 2022. Before we discuss the details of those results, I'd like to take a moment to recap the three key pillars of the strategy driving the momentum and success that we are now seeing. These are, one, maintaining our leadership position in smartphone audio by continuing to deliver world-class products and outstanding execution to the strongest customers in the market. Two, broadening sales of audio components in key profitable applications beyond smartphones.