Exhibit 99.1 Synaptics Reports Third Quarter Fiscal 2024 Results Q3'24 Financial Results and Recent Business Highlights SAN JOSE, Calif., – May 9, 2024 – Synaptics Incorporated (Nasdaq: SYNA), today reported financial results for its third quarter of fiscal 2024 ended March 30, 2024. Net revenue for the third quarter of fiscal 2024 was $237.3 million. GAAP net loss for the third quarter of fiscal 2024 was $18.1 million, or a loss of $0.46 per basic share. Non-GAAP net income for the third quarter of fiscal ...

Financial Data and Key Metrics Changes - Revenue for the December quarter was $237 million, slightly above the midpoint of prior guidance, but down 33% year-over-year [105] - Non-GAAP net income for the December quarter was $22.5 million, an increase of 11% from the prior quarter, but a 75% decrease from the same quarter a year ago [36] - GAAP gross margin for the December quarter was 46%, while non-GAAP gross margin was 52.5%, at the midpoint of guidance [35][114] - The company expects GAAP operating expenses in the March quarter to be in the range of $130 million to $135 million [106] Business Line Data and Key Metrics Changes - Mobile product revenue was up 42% sequentially in the December quarter and up 10% year-over-year, driven by demand in the Android ecosystem in China [1] - Core IoT revenue was roughly flat sequentially but down 46% year-over-year, with expectations for growth in the third quarter fiscal 2024 [15] - Enterprise and automotive revenue was down 12% sequentially and down 40% year-over-year, indicating a slowdown in enterprise IT spending [113] Market Data and Key Metrics Changes - The company is experiencing strength in mobile products, particularly with the Samsung Galaxy S24, solidifying its leadership in high-end Android handsets [33] - The enterprise market is characterized by persistent inventory and weaker-than-expected IT spending, impacting higher-margin products [11][23] - The wireless sales funnel is increasing, with new design wins in various sectors, including automotive [21] Company Strategy and Development Direction - The company is focusing investments in Core IoT, particularly in wireless and processor products, with expectations for consistent sequential revenue growth starting in March [20] - The company aims to clear excess inventories and position itself for future growth, particularly in the wireless segment [9][10] - Management believes the business has hit the bottom of the cycle and is stabilizing, with expectations for a gradual recovery [23][114] Management's Comments on Operating Environment and Future Outlook - Management noted that while the company is at the bottom of the cycle, the timing and shape of recovery remain uncertain [10][26] - There is optimism regarding a potential recovery in enterprise spending, but it may take longer than expected [69] - The company expects to see a return to higher and more normalized run rates, particularly in Core IoT [26][76] Other Important Information - The company ended the quarter with $849 million in cash and cash equivalents, a 3% sequential increase [25] - The calculated days of inventory on the balance sheet declined to 99 days compared to 105 days at the end of the prior quarter [25] - The company is set to deliver its first chip for user presence detection technology, which is expected to drive growth in the PC market [22] Q&A Session Summary Question: How is the mobile product demand looking? - Mobile products had a strong quarter, driven by improved demand across the Chinese customer base and the ramp of the Samsung Galaxy S24, with expectations to maintain differentiation at the high end [33] Question: What is the outlook for Core IoT revenue? - The company feels confident about returning to the $200 million revenue run rate in Core IoT, with expectations for double-digit sequential growth [43][55] Question: How is the enterprise market performing? - The enterprise market is currently experiencing a slowdown due to reduced IT spending, but management believes the long-term demand profile remains unchanged [68][70] Question: What are the expectations for gross margins? - Management believes gross margins have bottomed out and expects a sustained rebound, with guidance for non-GAAP gross margin in the March quarter to be between 52% and 54% [47][119] Question: How is the automotive segment performing? - The automotive segment is seeing a transition from legacy products to TDDI solutions, with new wins at multiple OEMs, although revenue may be choppy in the near term [104]

Safe Harbor Statement © 2024 Synaptics Incorporated 2 ___________________________ Note: As-reported Q2 fiscal year 2024, not proforma for any acquisition/divestiture activity over this timeframe See the tables at the end of this presentation for GAAP to Non-GAAP reconciliations Technology Leadership Across The Product Portfolio © 2024 Synaptics Incorporated 4 • Revenue of $237 million, down 33% YoY • Cash flow from operations of $39 million, cash and investments of $849 million on the balance sheet Q2'FY24 ...

Financial Performance - Net revenue for the first quarter of fiscal 2024 was $237.0 million, a decrease of 32.9% compared to $353.1 million in the same period last year[122]. - Net revenue for the three months ended December 2023 was $237.0 million, a decrease of $116.1 million, or 32.9%, compared to $353.1 million for the same period in 2022[125]. - For the six months ended December 2023, net revenue was $474.7 million, down $326.5 million, or 40.8%, from $801.2 million in the prior year[126]. - The company reported a net loss of $9.0 million, compared to a net income of $22.0 million in the same quarter last year, representing a 140.9% decline[122]. Revenue Breakdown - Enterprise and Automotive product applications revenue fell to $136.6 million, down 39.6% from $226.0 million year-over-year[122]. - Core IoT product applications revenue decreased by 46.3% to $37.5 million from $69.8 million in the prior year[122]. Gross Margin - Gross margin for the quarter was $109.0 million, a decline of 41.6% compared to $186.7 million in the same quarter last year[122]. - Gross margin for the three months ended December 2023 was 46.0%, down from 52.9% in the same period last year, reflecting a 690 basis point decrease[127]. Expenses - Research and development expenses were $82.0 million, down 8.2% from $89.3 million year-over-year[122]. - Research and development expenses for the three months ended December 2023 decreased to $82.0 million, down from $89.3 million in the prior year[131]. - Selling, general, and administrative expenses decreased by 6.4% to $39.7 million from $42.4 million in the previous year[122]. - Selling, general, and administrative expenses for the three months ended December 2023 decreased to $39.7 million, compared to $42.4 million for the same period in 2022[133]. Cash Flow and Liquidity - Cash and cash equivalents as of December 2023 were $846.1 million, a decrease of $78.6 million from $924.7 million as of June 2023[141]. - Operating activities generated $84.6 million in cash during the six months ended December 2023, down from $128.5 million in the same period last year[143]. - Cash used in investing activities during the six months ended December 2023 was $139.8 million, compared to $18.8 million in the prior year[145]. - Cash used in financing activities for the six months ended December 2023 was $23.9 million, a significant decrease from $115.0 million in the same period of 2022[147][148]. - The company believes existing cash, anticipated cash flows, and available credit will be sufficient to meet working capital needs for at least the next 12 months[155]. Debt and Obligations - The company paid $8.0 million in interest expense on $400.0 million senior notes due 2029 for the six months ended December 2023[150]. - As of December 2023, there was no balance outstanding under the $250 million revolving credit facility[151]. - The company repaid $4.5 million of the principal outstanding on the $600.0 million Term Loan Facility during the six months ended December 2023[152]. - Total contractual obligations as of December 2023 amounted to $1,481.2 million, with $66.1 million due within one year[157]. - A hypothetical 1% increase or decrease in interest rates would result in a quarterly interest expense change of approximately $1.5 million based on the outstanding balance of the Term Loan as of December 2023[162]. Acquisitions - The company acquired technology assets from Broadcom for $130.0 million in July 2023[116]. - The acquisition of Emza in October 2022 was completed for a total consideration of $15.8 million[117]. - The company made a $130.0 million prepayment to Broadcom to acquire developed technologies and extend product exclusivity for an additional three years[145]. - The company has registered $100.0 million of common and preferred stock for issuance related to acquisitions[154]. Future Outlook - The company anticipates a potential rebound in demand extending into late calendar 2024 and beyond due to current economic conditions[119]. Inventory and Sales - Days sales outstanding improved to 48 days from 65 days year-over-year, while annual inventory turns increased from three to four[144]. Foreign Earnings - The undistributed earnings of foreign subsidiaries may incur state and foreign taxes if repatriated, impacting cash flows[156].

© 2023 Synaptics Incorporated 15 () synaptics: Engineering Exceptional Experiences © 2023 Synaptics Incorporated 16 © 2023 Synaptics Incorporated 8 Q1'FY24 Financial Results | --- | --- | --- | --- | --- | --- | |-----------------------------|-------|-------------------------|---------|----------|-----------| | | | | | | | | $M (except EPS) | Q1'23 | Q4'23 | Q1'24 | QoQ | YoY | | Revenue | | $448.1 $227.3 $237.7 5% | | | (47%) | | GAAP Gross Margin % | 57.1% | 44.5% | 45.1% | 60 bps | -1200 bps | | GAAP Ope ...

Synaptics, Inc. (NASDAQ:SYNA) Q1 2024 Earnings Conference Call November 9, 2023 5:00 PM ET Company Participants Michael Hurlston - President, CEO & Director Munjal Shah - IR Officer Dean Butler - SVP & CFO Conference Call Participants Christopher Rolland - Susquehanna Financial Group Kevin Cassidy - Rosenblatt Securities Krish Sankar - TD Cowen Nicolas Doyle - Needham & Company Gary Mobley - Wells Fargo Securities Martin Yang - Oppenheimer Ambrish Srivastava - BMO Capital Markets Operator Good day and thank ...

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 September 30, 2023 ☐ 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) (State or other jurisdiction of incorporation or org ...

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 24, 2023 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 ...

| --- | --- | |------------------------------------------------------------------------|-------| | | | | | | | Fourth Quarter Fiscal 2023 Earnings SUPPLEMENTAL SLIDES AUGUST 3, 2023 | | 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 condition, results of operati ...

Synaptics Incorporated (NASDAQ:SYNA) Q4 2023 Earnings Conference Call August 3, 2023 5:00 PM ET Company Participants Munjal Shah - Head, Investor Relations Michael Hurlston - President and CEO Dean Butler - Chief Financial Officer Conference Call Participants Kevin Cassidy - Rosenblatt Securities Christopher Rolland - Susquehanna International Group Nick Doyle - Needham Hadi Orabi - TD Cowen Gary Mobley - Wells Fargo Martin Yang - OpCo Operator Good day and thank you for standing by. Welcome to the Synaptic ...