Synaptics delivered Q2 FY2026 revenue growth of 13% year over year driven by strong Core IoT demand, expanded gross margins on a non-GAAP basis, and solid non-GAAP profitability, despite a GAAP net loss for the quarter.
Synaptics reported a revenue of $282.8 million for Q4 FY2025, with a GAAP net loss of $4.7 million and non-GAAP net income of $39.5 million. Core IoT product sales grew by 55% year-over-year in Q4. For the full fiscal year 2025, revenue increased by 12% to $1.074 billion, primarily fueled by a 53% growth in Core IoT product sales. The company also announced a new share repurchase program of up to $150 million.
Synaptics delivered a solid third quarter of fiscal 2025 with revenues increasing 12% year-over-year, driven by strong growth in Core IoT products. The company reported a GAAP net loss but a positive non-GAAP net income and generated significant cash flow from operations.
Synaptics delivered a solid second quarter for fiscal 2025, achieving $267.2 million in revenue, marking its third consecutive quarter of sequential and year-over-year revenue growth. The company reported GAAP net income of $1.8 million and non-GAAP net income of $36.6 million, with Core IoT products growing 63% year-over-year.
Synaptics reported a solid start to fiscal year 2025 with first quarter revenues increasing sequentially and year-over-year. The company's Core IoT products grew 55% year-over-year. Synaptics is positioning itself for long-term, sustainable growth.
Synaptics reported Q4 2024 results with revenue of $247.4 million. GAAP net income was $208.3 million, or $5.22 per diluted share, and non-GAAP net income was $25.6 million, or $0.64 per diluted share. The company enters fiscal year 2025 in a much better position, with improving demand and the launch of the native-AI compute platform, Astra.
Synaptics reported Q3 2024 revenue of $237.3 million, a GAAP net loss of $18.1 million, or a loss of $0.46 per basic share, and a non-GAAP net income of $21.0 million, or $0.53 per diluted share.
Synaptics' Q2 2024 results show a revenue of $237.0 million. The company's GAAP net loss was $9.0 million, or a loss of $0.23 per basic share, while non-GAAP net income was $22.5 million, or $0.57 per diluted share. The business has stabilized, and the Core-IoT area is expected to see topline revenue improvement and sustained growth.
Synaptics' Q1 2024 saw a revenue of $237.7 million. The company experienced a GAAP net loss of $55.6 million, or $1.43 per basic share, while non-GAAP net income was $20.3 million, or $0.52 per diluted share.
Synaptics reported Q4 fiscal 2023 results with a revenue of $227.3 million. The company experienced a GAAP net loss of $23.4 million, or a loss of $0.59 per basic share. However, non-GAAP net income was $19.5 million, or $0.49 per diluted share.
Synaptics reported Q3 fiscal year 2023 results with revenue of $326.6 million. GAAP net income was $10.4 million, or $0.26 per diluted share, while non-GAAP net income was $75.3 million, or $1.89 per diluted share. The company is implementing spending controls due to the current economic slowdown and expects revenue to decline sequentially in the June quarter.
Synaptics reported revenue of $353.1 million, GAAP net income of $22.0 million, or $0.55 per diluted share, and non-GAAP net income of $88.5 million, or $2.20 per diluted share for the second quarter of fiscal 2023.
Synaptics reported a strong first quarter of fiscal year 2023, with total revenue up 20% compared to the prior year. The company set records for both GAAP and non-GAAP gross margins, as well as non-GAAP operating margins. However, the company expects revenue to decline sequentially in the December quarter due to macroeconomic headwinds and customer caution.
Synaptics reported Q4 2022 revenue of $476.4 million and GAAP net income of $82.9 million, or $2.04 per diluted share. Non-GAAP net income was a record $157.0 million, or $3.87 per diluted share. IoT revenue increased 87% year-over-year.
Synaptics' Q3 2022 revenue reached $470.1 million. GAAP net income was $64.9 million, or $1.59 per diluted share, while non-GAAP net income was a record $152.7 million, or $3.75 per diluted share. IoT product applications now constitute 64% of the company's revenue.
Synaptics reported Q2 2022 financial results with revenue of $420.5 million and non-GAAP EPS of $3.26. IoT revenue increased 60% year-over-year.
Synaptics' first quarter fiscal year 2022 results showed a strong start with revenue of $372.7 million, GAAP earnings per share of $0.99, and non-GAAP earnings per share of $2.68. The company's IoT revenue increased 70% year-over-year and now represents 55% of total revenue.
Synaptics reported strong fourth-quarter results, achieving record GAAP and non-GAAP gross margins. The company's portfolio is increasingly focused on IoT products, which now account for over 50% of overall revenue.
Synaptics reported a strong start to 2021 with record gross margins and PC revenue. The company's strategy to focus on IoT products is improving its financial foundation, enabling more aggressive market engagement and long-term revenue and earnings growth.
Synaptics reported strong Q2 2021 results, with revenue at $357.6 million and record non-GAAP EPS of $2.30. The company's diversification strategy into IoT and PC is driving growth, with both businesses achieving record revenue.
Synaptics reported a strong start to fiscal year 2021, with revenues exceeding guidance, gross margins above expectations, and the highest operating margins in over six years. The company also completed the acquisitions of DisplayLink and Broadcom's wireless IoT connectivity business.
Synaptics reported strong Q4 2020 financial results, with revenue of $277.6 million and GAAP diluted EPS of $2.55. The company also completed the divestiture of its Mobile LCD TDDI business and acquired DisplayLink and the rights to Broadcom's wireless IoT connectivity business.
Synaptics reported Q3 fiscal year 2020 results with net revenue of $328.1 million. GAAP net income was $5.0 million, or $0.14 per diluted share, while non-GAAP net income was $52.3 million, or $1.49 per diluted share. The company completed the divestiture of its mobile LCD TDDI business for $120 million.
Synaptics' second quarter fiscal 2020 net revenue reached $388.3 million, a 14% sequential increase. GAAP net income was $19.8 million, or $0.58 per diluted share, while Non-GAAP net income hit a record $70.1 million, or $2.04 per diluted share.