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.
Revenue for Q1 2025 was $257.7 million.
GAAP gross margin was 46.9 percent.
Non-GAAP gross margin was 53.9 percent.
Non-GAAP diluted earnings per share was $0.81.
For the second quarter of fiscal 2025, Synaptics expects revenue of $265 million ± $15 million, GAAP gross margin of 45.0 percent ± 1.5 percent, Non-GAAP gross margin of 53.5 percent ± 1.0 percent, GAAP operating expense of $136 million ± $4 million, Non-GAAP operating expense of $96 million ± $2 million, GAAP earnings (loss) per share of ($0.45) ± $0.20, and Non-GAAP earnings per share of $0.85 ± $0.20.
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