Synaptics reports preliminary Q2 EPS 85c +/- 20c, consensus 86c

Reports preliminary Q2 revenue $265M +/- $15M, consensus $265.14M. Reports preliminary Q2 gross margin 53.5% +/- 1%. Reports preliminary Q2 operating expense $96M +/- $2M. The company said, “In connection with today’s announcement, Synaptics (SYNA) released preliminary financial results for the second quarter of fiscal 2025. The company expects fiscal Q2 revenue of $267 million. On a GAAP and non-GAAP basis, the company expects gross margin to be in line with the mid-point of the guidance provided on November 7, 2024, operating expenses to be slightly above the mid-point of the guidance, and EPS to be above the mid-point of the guidance.”