News

Cypress Reports Second-Quarter 2003 Results

July 17, 2003 by Jeff Shepard

Cypress Semiconductor Corp. (San Jose, CA) announced that revenue for the 2003 second quarter was $203.1 million, up 12% from the prior-quarter revenue of $181 million and up slightly from the year-ago, second-quarter revenue of $202.1 million. Pro-forma net income for the 2003 second quarter was $3.4 million, resulting in a pro-forma income per share of $0.03, compared with the prior-quarter, pro-forma, loss per share of $0.10, and the year-ago, second-quarter, pro-forma loss per share of $0.05.

Including amortization of intangibles and other acquisition-related, restructuring, and other special charges and credits, Cypress posted a GAAP net loss of $12.4 million for the 2003 second quarter, resulting in a loss per share of $0.10, compared with the prior-quarter loss per share of $0.27, and the year-ago, second-quarter loss per share of $0.23.