Synaptics Reports Third Quarter Fiscal 2025 Results

Core Financial Results - Synaptics reported net revenue of $266.6 million for Q3 fiscal 2025, representing a year-over-year increase of over 12% [2][3] - The GAAP net loss for the quarter was $21.8 million, equating to a loss of $0.56 per basic share, while the non-GAAP net income was $35.3 million, or $0.90 per diluted share [2][6] Business Performance - The growth was primarily driven by Core IoT products, which saw a 43% year-over-year increase and accounted for 25% of total sales [3] - The company launched several new products during the quarter, including Wi-Fi 7 solutions and next-generation Touch controllers, enhancing its portfolio for long-term growth [3] Future Outlook - The company anticipates improving demand trends for Q4 fiscal 2025, with expectations of both sequential and year-over-year revenue growth [4] - Synaptics generated over $74 million in cash flow from operations in Q3, indicating strong underlying business strength [4] Financial Guidance for Q4 - For Q4 fiscal 2025, Synaptics expects revenue in the range of $280 million ± $15 million, with a GAAP gross margin of approximately 42.5% ± 2.0% and a non-GAAP gross margin of 53.5% ± 1.0% [5][6] - Projected non-GAAP earnings per share is expected to be around $1.00 ± $0.20, while GAAP loss per share is projected at ($0.68) ± $0.30 [5][6] Share Repurchase and Cash Flow - The company repurchased approximately 546,000 shares for $37.9 million during the quarter [6] - The balance sheet remains strong, with cash and cash equivalents totaling $360.4 million at the end of March 2025 [26]