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Dec 30, 2023
Synaptics Q2 2024 Earnings Report
Reported financial results for the second quarter of fiscal 2024.
Key Takeaways
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.
Revenue for the second quarter of fiscal 2024 was $237.0 million.
GAAP gross margin was 46.0 percent.
Non-GAAP diluted earnings per share was $0.57.
Business overall has stabilized, hitting the bottom of the cycle.
Forward Guidance
For the third quarter of fiscal year 2024, Synaptics expects revenue between $220 million and $250 million, GAAP gross margin between 43.5 percent and 46.5 percent, and GAAP operating expenses between $130 million and $135 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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