Synaptics reports Q1 EPS 81c, consensus 74c

Reports Q1 revenue $257.7M, consensus $255.22M. “Fiscal year 2025 had a solid start with first quarter revenues increasing sequentially and year-over-year. The headwinds from inventory are significantly reduced, our new designs are beginning to ramp, and we are seeing opportunities for share gains. Our Core IoT products grew 55% year-over-year in the first quarter and have posted double-digit sequential growth for three consecutive quarters. We continue to make progress with our strategic initiatives and are positioning the company for long-term, sustainable growth,” said Michael Hurlston, Synaptics (SYNA)’ President and CEO.