For the third quarter of 2017, Cypress estimates financial results as follows:
| GAAP | Non-GAAP | |||||
| Revenue | $585 million to $615 million | |||||
| Margin % | 40.0% - 41.0% | 41.0% - 42.0% | ||||
| Diluted EPS | $(0.05) to $(0.00) | $0.21 to $0.25 | ||||
A reconciliation of GAAP forward-looking estimates to non-GAAP forward-looking estimates may be found in the tables at the end of this earnings report.
The timing and amount of certain material items, including restructuring
charges, asset impairments, changes in value of deferred compensation
assets and liabilities, impact of stock-based compensation from
modification of equity awards, and the tax impact of non-GAAP
adjustments, which are needed to estimate GAAP financial measures are
either inherently unpredictable or outside the control of the Company,
and may have a significant impact on the Company’s financial results.
Accordingly, Cypress cannot provide a full quantitative reconciliation
for such non-GAAP financial measures included as part of the third
quarter 2017 financial outlook to the most directly comparable GAAP
measure without unreasonable effort and additional adjustments may be
reflected in our non-GAAP results for the third quarter of 2017. Cypress
has qualitatively described below, under the section “Non-GAAP Financial
Measures,” the anticipated differences between the non-GAAP financial
measures and the most directly comparable GAAP measures.
