Synaptics ( (SYNA) ) has released its Q2 earnings. Here is a breakdown of the information Synaptics presented to its investors.
Synaptics Incorporated, a leader in AI at the Edge technology, empowers smarter, more intuitive digital experiences through its innovative solutions in wireless connectivity and multimodal sensing for connected devices.
In its recent earnings report for the second quarter of fiscal 2025, Synaptics announced a revenue of $267.2 million, with a notable year-over-year growth in its core IoT products. The company also highlighted a strategic agreement with Broadcom to bolster its Edge AI strategy, alongside a share repurchase of approximately one million shares.
Key financial highlights included a GAAP gross margin of 45.7% and non-GAAP gross margin of 53.6%, with GAAP diluted earnings per share at $0.05 and non-GAAP at $0.92. The company continues to exhibit strong growth in its core IoT sector, marking a 63% increase compared to the previous year, further strengthening its market position through strategic partnerships and organic growth.
Looking ahead, Synaptics anticipates stable to improving trends across its markets, maintaining a positive outlook despite expected seasonal declines. The company’s robust financial position is set to support both organic and inorganic growth opportunities, aligning with its long-term strategic goals.