HSINCHU, Taiwan, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (Nasdaq: SYNA) today announced it has expanded in Hsinchu, now making Taiwan Synaptics’ largest employee base worldwide. The expansion underscores the increasingly critical role of Taiwan in the semiconductor industry and gives Synaptics headroom to grow both its essential operations and engineering expertise. Among other things, the facilities will house the team that develops AI-enabled Edge devices for the IoT to capture a signifi ...

SAN JOSE, Calif., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (Nasdaq: SYNA) today announced that it will report financial results for the first quarter of fiscal 2025 on Thursday, November 7, 2024, after the market closes. The Company will host a corresponding conference call for analysts and investors at 2:00 p.m. PT (5:00 p.m. ET), during which management may discuss forward-looking information. To participate on the live call, analysts and investors should pre-register at Synaptics Q1 FY20 ...

SAN JOSE, Calif., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (Nasdaq: SYNA) today announced that its Synaptics Astra™ AI-native IoT compute platform won in the Machine Learning and Deep Learning category of the 2024 EDGE Awards. The annual awards from Endeavor Media celebrate outstanding innovation in product design and function for the engineering industry. "We are honored to receive this outstanding peer recognition of our leadership in Edge AI," said Vikram Gupta, SVP & GM IoT Processors a ...

AMSTERDAM, The Netherlands, Sept. 12, 2024 (GLOBE NEWSWIRE) -- b<>com and Synaptics® Incorporated (Nasdaq: SYNA) announced today that b<>com has implemented its market-proven *Sublima*™ algorithm on Synaptics' VS680 multimedia system on chip (SoC). This is the first AI-enabled frame-accurate, dynamic SDR-to-HDR video conversion for set-top boxes (STBs). The algorithm fully leverages the VS680's optimized neural processing unit (NPU), 7.9 TOPS performance, heterogeneous architecture, and security capabilitie ...

SAN JOSE, Calif., Aug. 30, 2024 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (Nasdaq: SYNA) today announced its participation in an upcoming investor conference. Michael Hurlston, President & Chief Executive Officer, and Ken Rizvi, CFO, will participate in the Citi's 2024 Global TMT Conference and GEMS Conference on Thursday, September 5, 2024. About Synaptics Incorporated: Synaptics (Nasdaq: SYNA) is changing the way humans engage with connected devices and data, engineering exceptional experiences througho ...

SAN JOSE, Calif., Aug. 16, 2024 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (Nasdaq: SYNA) today announced its participation in upcoming investor conferences. Ken Rizvi, CFO, will virtually participate in the 5th Annual Needham Virtual Semiconductor & SemiCap 1x1 Conference on Thursday, August 22, 2024. Ken Rizvi, CFO, will participate in Jefferies Semiconductor, IT Hardware & Communications Technology Conference on Wednesday, August 28, 2024. About Synaptics Incorporated: Synaptics (Nasdaq: SYNA) is changi ...

| --- | --- | |------------------------------------------------------------------------|-------| | | | | | | | Fourth Quarter Fiscal 2024 Earnings SUPPLEMENTAL SLIDES AUGUST 8, 2024 | | Safe Harbor Statement This presentation contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. Forward-looking statements give our current expectations and projections relating to our financial conditi ...

Synaptics Incorporated. (NASDAQ:SYNA) Q4 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Munjal Shah - VP, IR Michael Hurlston - President, CEO Ken Rizvi - CFO Matt Padfield - VP- Finance Conference Call Participants Kevin Cassidy - Rosenblatt Securities Quinn Bolton - Needham Peter Peng - JPMorgan Operator Good day, and thank you for standing by. Welcome to the Synaptics Inc. Fourth Quarter Fiscal Year 2024 Financial Results Conference Call. At this time, all participants are i ...

Synaptics (SYNA) came out with quarterly earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.55 per share. This compares to earnings of $0.49 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 16.36%. A quarter ago, it was expected that this maker of touch-screen technology would post earnings of $0.50 per share when it actually produced earnings of $0.53, delivering a surprise of 6%. Over the last four quarte ...

Financial Performance - Q4 fiscal 2024 revenue was $247.4 million, with GAAP net income of $208.3 million, translating to $5.22 per diluted share[1][2] - For the full year fiscal 2024, net revenue reached $959.4 million, with GAAP gross margin at 45.8%, down from 52.8% in the prior year[2] - Net revenue for the three months ended June 2024 was $247.4 million, an increase from $227.3 million in June 2023, representing an 11.6% year-over-year growth[21] - Net income for the three months ended June 2024 was $208.3 million, a significant recovery from a net loss of $23.4 million in June 2023[21] - GAAP net income for the year ended June 2024 was $125.6 million, significantly higher than a net loss of $73.6 million in June 2023[25] - Non-GAAP diluted earnings per share for Q4 fiscal 2024 was $0.64, with a non-GAAP net income of $25.6 million[1] - Basic net income per share for June 2024 was $5.27, compared to a loss of $0.59 per share in June 2023[21] - Non-GAAP net income per share for June 2024 was $0.64, an increase from $0.49 in June 2023[23] Margins and Expenses - Non-GAAP gross margin for fiscal 2024 was 53.0%, down from 60.1% in the previous year[2] - Gross margin for the three months ended June 2024 was $113.4 million, compared to $101.2 million in June 2023, reflecting a 12.2% increase[21] - GAAP gross margin for June 2024 was $113.4 million, up from $101.2 million in June 2023, representing a 1.3 percentage point increase in gross margin percentage to 45.8%[23] - Non-GAAP gross margin for June 2024 was $132.2 million, compared to $126.7 million in June 2023, with a gross margin percentage of 53.4%[23] - Research and development expenses remained stable at $84.4 million for the three months ended June 2024, compared to $84.5 million in June 2023[21] - Research and development expenses for June 2024 were $84.4 million, slightly down from $84.5 million in June 2023[23] - The company reported acquisition-related costs of $17.8 million for the three months ended June 2024, down from $24.5 million in June 2023[21] - Acquisition-related costs for June 2024 were $21.7 million, down from $33.0 million in June 2023[23] Future Guidance and Market Outlook - Guidance for Q1 fiscal 2025 projects revenue of $255 million ± $15 million, with a gross margin of 45.0% ± 1.5%[4] - The company anticipates improved demand signals but remains cautious due to slow recovery in end markets[4] - Core IoT products grew 63% year-over-year in Q4, driven by the wireless group, indicating a positive demand trend[3] Balance Sheet and Cash Flow - Total current assets decreased to $1,162.3 million in June 2024 from $1,272.0 million in June 2023, a decline of 8.7%[20] - Total liabilities decreased slightly to $1,358.2 million in June 2024 from $1,368.0 million in June 2023, a reduction of 0.9%[20] - Long-term debt was $966.9 million in June 2024, slightly down from $972.0 million in June 2023[20] - Total stockholders' equity increased to $1,466.8 million in June 2024 from $1,243.4 million in June 2023, a growth of 18.0%[20] - Cash and cash equivalents at the end of June 2024 were $876.9 million, down from $924.7 million at the end of June 2023[25] - The company experienced a net change in cash and cash equivalents of $(47.8) million for the year ended June 2024[25] Strategic Initiatives - The launch of the native-AI compute platform, Astra, is expected to enhance content gains with new and existing customers[3] - The company maintains a strong balance sheet, providing flexibility to drive growth and fund strategic initiatives[4] - Operating expenses for Q1 fiscal 2025 are expected to be $135 million ± $4 million, with non-GAAP operating expenses at $96 million ± $2 million[4] - Non-GAAP operating income for June 2024 was $35.7 million, compared to $29.2 million in June 2023[23] - The company reported a non-cash operating item of $(19.8) million for the year ended June 2024, compared to $281.3 million in June 2023[25]