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Sep 30, 2023
Synaptics Q1 2024 Earnings Report
Synaptics reported financial results with revenue increasing sequentially for the first time in over a year, and GAAP loss per share of $1.43 and non-GAAP diluted earnings per share of $0.52.
Key Takeaways
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.
Revenue for Q1 2024 was $237.7 million.
GAAP gross margin was 45.1 percent.
Non-GAAP gross margin was 53.0 percent.
Non-GAAP diluted earnings per share was $0.52.
Forward Guidance
For the second quarter of fiscal 2024, the company expects revenue to be roughly at the same level quarter-over-quarter, with GAAP revenue between $220M to $250M and Non-GAAP gross margin between 51.0 percent to 54.0 percent.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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