UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended June 29, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-49602 SYNAPTICS INCORPORATED (Exact name of registrant as specified in its charter) Delaware 77-0118518 (State or other jurisdiction of i ...

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 ...

Exhibit 99.1 Synaptics Reports Fourth Quarter and Full Year Fiscal 2024 Results Q4'24 Financial Results and Recent Business Highlights • Revenue of $247.4 million • GAAP gross margin of 45.8 percent • Non-GAAP gross margin of 53.4 percent • GAAP diluted earnings per share of $5.22 • Non-GAAP diluted earnings per share of $0.64 SAN JOSE, Calif., – August 8, 2024 – Synaptics Incorporated (Nasdaq: SYNA), today reported financial results for its fourth quarter and full year of fiscal 2024 ended June 29, 2024. N ...

SAN JOSE, Calif., July 18, 2024 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (Nasdaq: SYNA) today announced that it will report financial results for the fourth quarter of fiscal 2024 on Thursday, August 8, 2024 after the close of market. 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. Registrants will receive dial-in information and a unique passcode to access the call. We encour ...

To participate on the live call, analysts and investors should pre-register at Synaptics Q4 FY2024 Earnings Call Registration. https://register.vevent.com/register/BI2bc08f03d13942d0805b232e6eca6eef Synaptics will also offer a live and archived webcast of the conference call, accessible from the "Investor Relations" section of the Company's website at https://investor.synaptics.com. Synaptics and the Synaptics logo are trademarks of Synaptics in the United States and/or other countries. All other marks are ...

Synaptics Incorporated (NASDAQ:SYNA) Q3 2024 Results Conference Call May 9, 2024 5:00 PM ET Company Participants Munjal Shah - VP, IR Michael Hurlston - President, CEO Matt Padfield - VP- Finance Conference Call Participants Christopher Rolland - Susquehanna Quinn Bolton - Needham & Company Kevin Cassidy - Rosenblatt Securities Krish Sankar - TD Cowen Peter Peng - JP Morgan Operator Good day, and thank you for standing by. Welcome to the Synaptics Inc. Third Quarter Fiscal Year 2024 Financial Results Confer ...

Financial Performance - In Q1 fiscal 2024, net revenue decreased to $237.3 million, down 27.3% from $326.6 million in Q1 fiscal 2023[129] - Revenue from Enterprise and Automotive product applications fell by 29.7% to $134.7 million, while Core IoT product applications dropped 49.3% to $47.3 million[129] - Gross margin for Q1 fiscal 2024 was $110.3 million, a decrease of 36.0% compared to $172.3 million in Q1 fiscal 2023[129] - The company reported a net loss of $18.1 million in Q1 fiscal 2024, compared to a net income of $10.4 million in Q1 fiscal 2023, representing a 274.0% decline[129] - Operating loss for Q1 fiscal 2024 was $17.4 million, a significant decrease from an operating income of $34.2 million in Q1 fiscal 2023[129] - Net revenue for the three months ended March 2024 was $237.3 million, a decrease of $89.3 million, or 27.3%, compared to $326.6 million for the same period in 2023[132] - For the nine months ended March 2024, net revenue was $712.0 million, down $415.8 million, or 36.9%, from $1,127.8 million in the same period in 2023[133] - Gross margin for the three months ended March 2024 was 46.5%, a decrease of 630 basis points from 52.8% in the same period in 2023[134] Expenses - Research and development expenses were $83.4 million, down 5.1% from $87.9 million in the prior year[129] - Research and development expenses for the three months ended March 2024 decreased to $83.4 million, down $4.5 million from $87.9 million in the same period in 2023[139] - Selling, general, and administrative expenses for the three months ended March 2024 decreased to $40.5 million, down $1.2 million from $41.7 million in the same period in 2023[141] Cash Flow and Liquidity - Cash and cash equivalents as of March 2024 were $828.1 million, a decrease of $96.6 million from $924.7 million as of June 2023[149] - Operating activities generated $70.9 million in cash for the nine months ended March 2024, compared to $237.0 million for the same period in 2023[151] - Cash used in investing activities during the nine months ended March 2024 was $146.7 million, compared to $28.1 million in the same period in 2023[153] - Cash used in financing activities for the nine months ended March 2024 was $20.4 million, a significant decrease from $134.2 million in the same period of 2023[155] - The company believes existing cash and cash equivalents, along with anticipated cash flows, will be sufficient to meet working capital needs for at least the next 12 months[163] Acquisitions and Investments - The company acquired technology assets from Broadcom for $130.0 million in July 2023[124] - The acquisition of Emza in October 2022 totaled $15.8 million, with results included in consolidated financial statements since the acquisition date[125] - The company has registered $100.0 million of common and preferred stock for issuance related to acquisitions[162] Debt and Obligations - For the nine months ended March 2024, the company paid $8.0 million in interest expense on $400.0 million of senior notes due 2029[158] - The revolving credit facility has a principal amount of up to $250 million, with no outstanding balance as of March 2024[159] - The company repaid $6.0 million of the principal on the $600.0 million term loan facility during the nine months ended March 2024[160] - Total contractual obligations as of March 2024 amounted to $1,466.2 million, with $48.8 million due within one year[165] Market Outlook - The company anticipates a rebound in demand extending into late calendar 2024, despite current macroeconomic uncertainties[127] - Elevated interest rates have increased borrowing costs, potentially limiting future acquisition financing opportunities[127] - A hypothetical 1% increase in interest rates could increase quarterly interest expense by approximately $1.5 million based on the outstanding balance of the term loan as of March 2024[169] - The undistributed earnings of foreign subsidiaries may incur state and foreign taxes if repatriated, impacting cash flows[164] Revenue Breakdown - Net revenue from Enterprise and Automotive product applications for the three months ended March 2024 was $134.7 million, representing 56.8% of total net revenue[132] - Net revenue from Mobile product applications increased to $55.3 million, or 23.3%, for the three months ended March 2024, driven by a 67.5% increase in units sold[132] Stock Repurchase - The common stock repurchase program has a cumulative authorization of $2.3 billion, with $893.9 million remaining as of March 2024[157]