The earnings call highlighted strong growth in revenue and profitability, driven by the success in Core IoT and wireless products. However, challenges remain in the automotive and video interface segments, and adjustments are needed for the BLE strategy. The company's strategic moves in product development and capital return are positive, but certain market segments pose challenges.
Company Guidance
During the Synaptics earnings call for Q1 2025, the company provided robust guidance, highlighting several key metrics and growth areas. Synaptics reported an 8% year-over-year revenue increase, driven by a 55% rise in Core IoT product sales. They anticipate a compounded revenue growth rate of 25% to 30% over the next five years in Core IoT, with their design pipeline increasing from $2.2 billion in September 2023 to over $3 billion. The company expects Q2 2025 revenues to be around $265 million, with a non-GAAP gross margin of 53.5%. They also project a non-GAAP EPS of $0.85 per diluted share. Synaptics plans to return approximately $150 million to shareholders through share repurchases, representing 150% of the free cash flow generated in fiscal 2024. The call emphasized continued strength in high-performance Wi-Fi and processors, with significant design wins and market share gains expected to drive future growth.
Revenue Growth
Revenue increased 8% year-over-year, driven by Core IoT product sales up 55% compared to the prior year.
Core IoT Expansion
The Core IoT design pipeline grew nearly 30% in the past year, now exceeding $3 billion, supporting compounded revenue growth of 25% to 30% over the next 5 years.
Wireless and Processor Product Success
Strong performance in wireless and processor products, with new customer wins and recognition in the industry for Astra products.
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
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%
Feb 08, 2024
$110.22
$112.21
+1.81%
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 (SYNA) report earnings?
Synaptics (SYNA) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Synaptics (SYNA) earnings time?
Synaptics (SYNA) earnings time is at Feb 06, 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.