Synaptics Reports Fourth Quarter and Full Year Fiscal 2025 Results

Core Insights - Synaptics reported a 12% year-over-year revenue growth for fiscal 2025, primarily driven by a 53% increase in Core IoT product sales [3][5][4] - The Board of Directors approved a new share repurchase program of up to $150 million [11][6] Fiscal 2025 Financial Highlights - Net revenue for fiscal 2025 was $1.07 billion, with a GAAP gross margin of 44.7%, down from 45.8% in the prior year [4] - Non-GAAP gross margin improved to 53.6% from 53.0% year-over-year [4] - GAAP net loss for fiscal 2025 was $47.8 million, or a loss of $1.22 per basic share, while non-GAAP net income increased by 61% to $143.9 million, or $3.62 per diluted share [4][7] Q4 Fiscal 2025 Results - Q4 net revenue was $282.8 million, with a GAAP net loss of $4.7 million, or a loss of $0.12 per basic share [3][7] - Non-GAAP net income for Q4 was $39.5 million, or $1.01 per diluted share [3][7] Business Outlook - For Q1 fiscal 2026, the company anticipates approximately 13% year-over-year revenue growth, with continued strong order activity and improved backlog [6][7] - The company repurchased $128 million worth of shares and reduced gross debt by approximately 14% or $134 million [7][6] Share Repurchase Program - The new share repurchase program has no expiration date and will be reviewed periodically based on capital allocation priorities and market conditions [11][12]