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Cypress Semiconductor Corp (CY) SEC Filing 10-Q Quarterly report for the period ending Sunday, September 30, 2018

Cypress Semiconductor Corp

HISTORY TOOLS
CIK: 791915 Ticker: CY
EXHIBIT 99.1
Contacts:
Thad Trent
EVP Finance & Administration and CFO
(408) 943-2925

Ann Minooka
Vice President, Corporate Communications
(408) 456-1962
For Immediate Release
Cypress Reports Third Quarter 2018 Results

SAN JOSE, Calif., October 25, 2018—Cypress Semiconductor Corporation (NASDAQ: CY), a leader in embedded solutions, today announced its third quarter 2018 results with the following highlights:
•
Record revenue of $673.0 million, a 7.8% increase sequentially and 11.3% year-over-year
•
GAAP and non-GAAP gross margins were 38.6% and 47.0%, respectively, and represent a 390 bps and 400 bps increase year-over-year
•
GAAP diluted EPS increased 10 cents to $0.14 and Non-GAAP diluted EPS increased 13 cents to $0.40 year-over-year
•
Automotive revenue increased 8.3% sequentially and 12.8% year-over-year

“Cypress delivered another record quarter for revenue while continuing to expand gross margins, operating margins and cash flow due to our uncompromising focus on execution,” said Hassane El-Khoury, Cypress’ president and chief executive officer. “Our strategy and investments to advance our portfolio of highly-differentiated connect, compute and store solutions are paying off. We are seeing a strong design pipeline leading into the fourth quarter with design activity increasing 23% year-over-year. Our continued commitment to sharpen our focus, with moves such as today’s announcement of entering into a joint venture for our NAND Flash business, are positioning us well in our target high-growth markets of Automotive, Industrial and IoT.”

Revenue and earnings for the quarter are shown below with comparable periods:
(In thousands, except per-share data)

The following information was filed by Cypress Semiconductor Corp (CY) on Thursday, October 25, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Cypress Semiconductor Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:

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Inside Cypress Semiconductor Corp's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Parenthetical)
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Cash Flows (Parenthetical)
Condensed Consolidated Statements Of Comprehensive Income (Loss)
Condensed Consolidated Statements Of Operations
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) (Details)
Accumulated Other Comprehensive Income (Loss) (Tables)
Balance Sheet Components
Balance Sheet Components (Tables)
Balance Sheet Components - Accounts Receivable, Net (Details)
Balance Sheet Components - Inventories (Details)
Balance Sheet Components - Other Current Assets (Details)
Balance Sheet Components - Other Current Liabilities (Details)
Balance Sheet Components - Other Long-Term Assets (Details)
Balance Sheet Components - Other Long-Term Liabilities (Details)
Basis Of Presentation And Summary Of Significant Accounting Policies
Basis Of Presentation And Summary Of Significant Accounting Policies (Tables)
Basis Of Presentation And Summary Of Significant Accounting Policies (Policies)
Basis Of Presentation And Summary Of Significant Accounting Policies - Consolidated Statement Of Operations - Reclassifications (Details)
Basis Of Presentation And Summary Of Significant Accounting Policies - Revised Consolidated Statement Of Operations (Details)
Basis Of Presentation And Summary Of Significant Accounting Policies - Revised Consolidated Statements Of Cash Flows (Details)
Basis Of Presentation And Summary Of Significant Accounting Policies - Revised Consolidated Statements Of Comprehensive Income (Loss) (Details)
Basis Of Presentation And Summary Of Significant Accounting Policies - Revised Stock-Based Compensation (Details)
Commitments And Contingencies
Commitments And Contingencies (Tables)
Commitments And Contingencies - Future Minimum Lease Payments Under Non-Cancelable Operating Leases (Details)
Commitments And Contingencies - Narrative (Details)
Commitments And Contingencies - Schedule Of Warranty Reserve Activities (Details)
Debt
Debt (Tables)
Debt - Narrative (Details)
Debt - Schedule Of 2.00% 2020 Spansion Exchangeable Notes (Details)
Debt - Schedule Of 2.00% 2023 Exchangeable Notes (Details)
Debt - Schedule Of 4.50% 2022 Senior Exchangeable Notes (Details)
Debt - Schedule Of Debt (Details)
Debt - Scheduled Future Debt Payments (Details)
Employee Stock Plans And Stock-Based Compensation
Employee Stock Plans And Stock-Based Compensation (Tables)
Employee Stock Plans And Stock-Based Compensation - Narrative (Details)
Employee Stock Plans And Stock-Based Compensation - Schedule Of Restricted Stock Unit And Restricted Stock Award Activities (Details)
Employee Stock Plans And Stock-Based Compensation - Schedule Of Stock Option Activities (Details)
Employee Stock Plans And Stock-Based Compensation - Schedule Of Stock-Based Compensation Expenses (Details)
Employee Stock Plans And Stock-Based Compensation - Schedule Of Unrecognized Stock-Based Compensation Balance Net By Award Type (Details)
Equity
Equity (Details)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements - Financial Assets And Liabilities Measured At Fair Value (Details)
Fair Value Measurements - Narrative (Details)
Foreign Currency And Interest Rate Derivatives
Foreign Currency And Interest Rate Derivatives (Tables)
Foreign Currency And Interest Rate Derivatives - Gross Fair Values Of Derivative Instruments On Condensed Consolidated Balance Sheets (Details)
Foreign Currency And Interest Rate Derivatives - Narrative (Details)
Foreign Currency And Interest Rate Derivatives - Schedule Of Notional Amounts Of Net Outstanding Contracts (Details)
Income Taxes
Income Taxes - Narrative (Details)
Intangible Assets
Intangible Assets (Tables)
Intangible Assets - Estimated Future Amortization Expense Related To Developed Technology And Other Intangible Assets (Details)
Intangible Assets - Intangible Assets Rollforward (Details)
Intangible Assets - Narrative (Details)
Intangible Assets - Summary Of Amortization Expense By Line Item In Consolidated Statement Of Operations (Details)
Intangible Assets - Total Intangible Assets (Details)
Investments In Equity Method Investments
Investments In Equity Method Investments (Tables)
Investments In Equity Method Investments - Equity Method Investments (Details)
Net Income (Loss) Per Share
Net Income (Loss) Per Share (Tables)
Net Income (Loss) Per Share - Computation Of Basic And Diluted Net Loss Per Share (Details)
Net Income (Loss) Per Share - Narrative (Details)
Related Party Transactions
Related Party Transactions (Details)
Related Party Transactions (Tables)
Restructuring
Restructuring (Tables)
Restructuring - Narrative (Details)
Restructuring - Restructuring Activities Related To Personnel Costs (Details)
Restructuring - Schedule Of Restructuring Costs (Details)
Restructuring - Schedule Of Restructuring Costs By Line Item In Statement Of Income (Details)
Revenue
Revenue (Tables)
Revenue - Disaggregated By Revenue Source, Segment And Geographical Locations (Details)
Segment, Geographical And Customer Information
Segment, Geographical And Customer Information (Tables)
Segment, Geographical And Customer Information - Income (Loss) Before Income Taxes (Details)
Segment, Geographical And Customer Information - Narrative (Details)
Segment, Geographical And Customer Information - Property, Plant And Equipment, Net, By Geographic Locations (Details)
Subsequent Event
Subsequent Event (Details)

Material Contracts, Statements, Certifications & more

Cypress Semiconductor Corp provided additional information to their SEC Filing as exhibits

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 32.1: Section 1350 Certification
Exhibit 32.2: Section 1350 Certification
Ticker: CY
CIK: 791915
Form Type: 10-Q Quarterly Report
Accession Number: 0000791915-18-000046
Submitted to the SEC: Fri Oct 26 2018 12:53:32 PM EST
Accepted by the SEC: Fri Oct 26 2018
Period: Sunday, September 30, 2018
Industry: Semiconductors And Related Devices

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