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Dec 28, 2019
Synaptics Q2 2020 Earnings Report
Reported financial results for the second quarter ended December 28, 2019.
Key Takeaways
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.
GAAP net income and EPS were $19.8 million and $0.58, respectively
Record Non-GAAP net income of $70.1 million
Record Non-GAAP EPS of $2.04
Announced the divestiture of mobile LCD TDDI business for $120 million
Forward Guidance
For the third quarter of fiscal 2020, the company expects revenue to be in the range of $330 million to $350 million.
Positive Outlook
- Revenue mix from mobile to be approximately 52 percent
- Revenue mix from IoT products to be approximately 24 percent
- Revenue mix from PC products to be approximately 24 percent
Historical Earnings Impact
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Avg. Return Before/After Earnings
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