Synaptics(SYNA) - 2025 Q2 - Quarterly Results

Financial Guidance - Synaptics expects fiscal Q2 revenue of $267 million, slightly above the previous guidance of $265 million ± $15 million[4] - The company anticipates gross margin to align with the mid-point of prior guidance at 45.0% ± 1.5% on a GAAP basis, and 53.5% ± 1.0% on a non-GAAP basis[4] - Operating expenses are projected to be slightly above the mid-point of the previous guidance of $136 million ± $4 million[4] - Earnings per share (EPS) is expected to exceed the mid-point of the previous guidance, with a projected non-GAAP EPS of $0.85 ± $0.20[4] - The preliminary financial results are subject to change pending finalization of quarter-end financial and accounting procedures[9] Leadership Changes - Michael Hurlston has stepped down as President and CEO, with Ken Rizvi appointed as Interim CEO[5] - The Board of Directors is actively searching for a new CEO, considering both internal and external candidates[3] Strategic Focus - Synaptics is focused on advancing its strategic goals and delivering next-generation products and solutions[4] - Synaptics is committed to innovation in AI at the Edge, enhancing user engagement with intelligent connected devices[10] Upcoming Events - The company will provide further financial details on February 6, 2025, during a conference call[7]