Synaptics reported robust earnings for Q2 2025, beating both analyst expectations and its own guidance.Synaptics (SYNA -1.44%), a provider of custom semiconductor solutions, reported impressive results for the second quarter of fiscal 2025 on Feb. 6, 2025. The earnings release highlighted a strong performance driven by the company's Core IoT segment, which achieved a 63% year-over-year growth. The company announced revenue of $267.2 million, surpassing analyst expectations of $265 million while also exceedi ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ______________________________________________________________________________________________________ FORM 10-Q ______________________________________________________________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 28, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITI ...

Q2’25 Financial Results and Recent Business Highlights Revenue of $267.2 millionGAAP gross margin of 45.7 percentNon-GAAP gross margin of 53.6 percentGAAP diluted earnings per share of $0.05Non-GAAP diluted earnings per share of $0.92Signed a new agreement with Broadcom, accelerating our Edge AI strategyRepurchased approximately one million shares for $74.5 million SAN JOSE, Calif., Feb. 06, 2025 (GLOBE NEWSWIRE) -- Synaptics Incorporated (Nasdaq: SYNA) today reported financial results for its second quarte ...

EXHIBIT 99.1 Synaptics Announces CEO Transition "Michael has left an indelible mark on the company and built a strong foundation for the next phase of our growth," said Ken Rizvi, CFO and Interim CEO. "We have enormous opportunities ahead and I look forward to working closely with the Board and the Synaptics leadership team to execute on our growth roadmap and capitalize on the increasing demand for our products and solutions." In connection with today's announcement, Synaptics released preliminary financia ...

Core Viewpoint - Synaptics Incorporated announced a leadership transition with Michael Hurlston stepping down as President and CEO, effective immediately, to take on the CEO role at Lumentum Holdings Inc. [1][4] Leadership Transition - Ken Rizvi, the Chief Financial Officer, has been appointed as Interim CEO during this transition period [2] - Nelson Chan, Chairman of the Board, will serve as Executive Chairman until a new CEO is appointed [2] - The Board is actively searching for a new CEO, considering both internal and external candidates [2] Acknowledgments and Future Outlook - Nelson Chan expressed gratitude for Hurlston's contributions over the past five years, highlighting his role in driving innovation and growth in AI at the Edge [3] - Hurlston acknowledged the dedication of the Synaptics team and expressed pride in the company's success and innovative portfolio [3] - Ken Rizvi emphasized the opportunities ahead and the commitment to executing the growth roadmap [3] Preliminary Financial Results - Synaptics expects fiscal Q2 revenue of $267 million, which is in line with previous guidance [3] - The company anticipates gross margin to align with the mid-point of prior guidance, while operating expenses are expected to be slightly above the mid-point [3] - Projected financial metrics include: - Revenue: $265 million ± $15 million - Gross Margin: 45.0% ± 1.5% (GAAP), 53.5% ± 1.0% (Non-GAAP) - Operating Expense: $136 million ± $4 million (GAAP), $96 million ± $2 million (Non-GAAP) - Earnings per Share: ($0.45) ± $0.20 (GAAP), $0.85 ± $0.20 (Non-GAAP) [3][5] Upcoming Financial Reporting - Synaptics will provide further financial details when it reports its second quarter fiscal 2025 results on February 6, 2025 [6] - A conference call for analysts and investors is scheduled for 2:00 p.m. PT (5:00 p.m. ET) on the same day [6]

Synaptics (SYNA) shares rallied 9.1% in the last trading session to close at $87.87. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 5.5% gain over the past four weeks.The optimism surrounding the stock is largely driven by Synaptics' strategic revenue diversification efforts, which aim to reduce its dependence on the inherently cyclical smartphone market. Increased traction in its IoT products and Astra AI p ...

Solidifies wireless roadmap with Wi-Fi 8 and UWB, grows addressable market, and expands its Android™ ecosystemSAN JOSE, Calif., Jan. 28, 2025 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (Nasdaq: SYNA) announced it has accelerated its Edge AI strategy by signing a definitive licensing agreement with Broadcom that includes Wi-Fi® 8, ultra-wideband (UWB), Wi-Fi 7, advanced Bluetooth®, and next-generation GPS/GNSS products and technology for IoT and Android™ ecosystem. Strategic benefits: Accelerates Edge AI st ...

Group 1 - Khaveen Investments is a Macroquantamental Hedge Fund managing a globally diversified investment portfolio across various asset classes, countries, sectors, and industries [1] - The investment approach combines top-down and bottom-up methodologies, integrating global macro, fundamental, and quantitative strategies [1] - The fund serves accredited investors globally, including high-net-worth individuals, corporations, associations, and institutions [1] Group 2 - The strategic focus of Khaveen Investments is on transformative fields such as Artificial Intelligence, Cloud Computing, 5G, Autonomous & Electric Vehicles, FinTech, Augmented & Virtual Reality, and the Internet of Things [1]

Group 1 - Synaptics Incorporated will report its financial results for the second quarter of fiscal 2025 on February 6, 2025, after market close [1] - A conference call for analysts and investors will be held at 2:00 p.m. PT (5:00 p.m. ET) to discuss the results and forward-looking information [1] - Participants must pre-register for the live call to receive dial-in information and a unique passcode [2] Group 2 - Synaptics is focused on AI at the Edge, enhancing user engagement with intelligent connected devices across various environments [4] - The company offers advanced solutions including Synaptics Astra™ AI-Native embedded compute and Veros™ wireless connectivity [4] - Synaptics aims to improve digital experiences through innovations in touch, display, biometrics, and AI-driven technologies [4]

Core Viewpoint - Synaptics Incorporated will participate in the 27th Annual Needham Growth Conference on January 15, 2025, where CEO Michael Hurlston will present [1] Company Overview - Synaptics (Nasdaq: SYNA) is focused on enhancing human interaction with connected devices and data, providing exceptional experiences across various environments including home, work, and automotive [1] - The company collaborates with leading intelligent system providers to integrate advanced technologies in touch, display, and biometrics with AI-enhanced capabilities [1]