From GlobeNewswire: 2025-02-06 16:05:00

Synaptics Incorporated reported Q2’25 financial results with revenue of $267.2 million, a GAAP gross margin of 45.7%, and a non-GAAP gross margin of 53.6%. They signed a new agreement with Broadcom and repurchased approximately one million shares for $74.5 million. Core IoT products grew by 63% year-over-year.

CEO Ken Rizvi expressed confidence in the company’s long-term growth potential, citing three consecutive quarters of revenue growth. The agreement with Broadcom strengthens their Core IoT position. While Q3’25 is expected to be down sequentially due to seasonality, there is continued year-over-year growth anticipated.

For the third quarter of fiscal 2025, Synaptics expects revenue of around $265 million, with a GAAP gross margin of 45.2% and a non-GAAP gross margin of 53.5%. Operating expenses are projected to be $141 million, with earnings per share estimated at $0.85.

The company provides a detailed breakdown of their Non-GAAP financial measures, excluding acquisition and integration-related costs, share-based compensation, and other non-cash items to provide investors with a clearer view of their performance. They emphasize forward-looking statements and caution investors about potential risks and uncertainties.

Synaptics aims to drive innovation in AI at the Edge, transforming how users engage with intelligent connected devices. They offer cutting-edge solutions in embedded compute, wireless connectivity, and multimodal sensing, enhancing the digital experience. Non-GAAP financial information is used to evaluate performance and provide a basis for comparison.



Read more at GlobeNewswire:: Synaptics Reports Second Quarter Fiscal 2025 Results