On Jan. 25, Cypress Semiconductor (NYSE:CY) released fourth-quarter earnings for the period ended Dec. 31.

  • Net sales increased 20%, powered by record revenues from PSoC (programmable systems-on-chips) products.
  • Cypress' SunPower subsidiary recently acquired PowerLight Corp., a provider of solar power systems, for $329.1 million in cash and stock. This acquisition expands SunPower's technological capabilities and should increase revenue between $250 million and $300 million during FY 2007.
  • Cypress Semiconductor is a three-star stock in Motley Fool CAPS.

(Figures in thousands, except per-share data)

Income Statement Highlights

Q4 2006

Q4 2005

Change

Sales

$287.0

$238.5

20.3%

Net Profit

$15.8

($2.2)

N/A

EPS

$0.09

($0.02)

N/A

Diluted Shares

181.7

136.0

33.6%



Get back to basics with a look at the income statement.

Margin Checkup

Q4 2006

Q4 2005

Change*

Gross Margin

41.6%

41.0%

0.6

Operating Margin

5.7%

(1.4%)

7.1

Net Margin

5.5%

(0.9%)

6.4

*Expressed in percentage points.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q4 2006

Q4 2005

Change

Cash + ST Invest.

$642.4

$393.8

63.1%

Accounts Rec.

$163.2

$151.2

7.9%

Inventory

$119.2

$73.6

62.0%



Liabilities

Q4 2006

Q4 2005

Change

Accounts Payable

$92.2

$72.1

27.8%

Convertible Subordinated Notes

$599.0

$600.0

(0.2%)



Learn the ways of the balance sheet.

Cash Flow Highlights

Cypress must have been in the lab testing new products, because it forgot its cash flow statement.

Find out why Fools always follow the money.

Related Companies:

  • Advanced Micro Devices (NYSE:AMD)
  • National Semiconductor (NYSE:NSM)
  • Integrated Device Technology (NASDAQ:IDTI)
  • Atmel (NASDAQ:ATML)
  • ON Semiconductor (NASDAQ:ONNN)

Related Foolishness:

Eighty-one Motley Fool CAPS players pick Cypress Semi to outperform the market. Thirteen say it will underperform. Where do you stand? Join more than 20,000 fellow investors in the Fool's new stock-rating service and let your voice be heard.

Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean.

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