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Synaptics Inc (SYNA)
NASDAQ:SYNA
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
0.86Last Year’s EPS
0.53Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 06, 2025
|% Change Since: 0.90%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive developments such as revenue growth, strategic partnerships, and financial management, alongside challenges in leadership transition and specific market segments. Overall, the company demonstrates resilience and optimism for future growth.Company Guidance
During the Synaptics Incorporated Second Quarter Fiscal Year 2025 Conference Call, management shared guidance reflecting a positive outlook across several business segments. Revenue for the quarter reached $267.2 million, marking a 13% year-over-year increase, driven by strong performance in core IoT and enterprise products. The company executed a $198 million all-cash transaction with Broadcom, expected to generate over $40 million in annualized sales and be accretive to non-GAAP EPS. The guidance for the third quarter anticipates revenues of approximately $265 million, with a non-GAAP gross margin of 53.5%. Additionally, Synaptics completed a refinancing, issuing $450 million in convertible notes and retiring a $582 million term loan, reducing debt and interest expenses. The company remains optimistic about growth prospects, projecting sequential revenue increases of approximately $10 million per quarter in a cautious economic environment, supported by lean inventories and strategic partnerships, such as the collaboration with Google in AI technology.Revenue Growth
Revenues increased 4% sequentially and 13% year over year to $267 million, led by strength in core IoT and enterprise products.
Core IoT Growth
Core IoT product sales increased 63% year over year to $61 million, driven by growth in both processor and wireless products.
Broadcom Agreement
Synaptics announced a $198 million agreement with Broadcom, expected to generate over $40 million in annualized sales and slightly accretive to non-GAAP EPS.
Non-GAAP EPS Increase
Non-GAAP EPS increased 61% year over year to $0.92, exceeding the midpoint of guidance.
Debt Retirement and Share Repurchase
Retired term loan B with convertible note and cash, reducing total debt and returning approximately $75 million to shareholders via share repurchases.
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SYNA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SYNA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 06, 2025 | $74.82 | $71.32 | -4.68% |
| Nov 07, 2024 | $74.64 | $80.92 | +8.41% |
| Aug 08, 2024 | $72.33 | $72.71 | +0.53% |
| May 09, 2024 | $91.66 | $88.94 | -2.97% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Synaptics Inc (SYNA) report earnings?
Synaptics Inc (SYNA) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Synaptics Inc (SYNA) earnings time?
Synaptics Inc (SYNA) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SYNA EPS forecast?
SYNA EPS forecast for the fiscal quarter 2025 (Q3) is 0.86.
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