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Dec 28, 2024
Synaptics Q2 2025 Earnings Report
Synaptics reported its second quarter fiscal 2025 results, showing continued revenue growth and strong performance in Core IoT products.
Key Takeaways
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.
Revenue for Q2 fiscal 2025 was $267.2 million.
GAAP diluted earnings per share was $0.05, while non-GAAP diluted earnings per share was $0.92.
Core IoT products experienced significant year-over-year growth of 63%.
The company repurchased approximately one million shares for $74.5 million.
Forward Guidance
For the third quarter of fiscal 2025, Synaptics expects revenue between $250 million and $280 million, with non-GAAP gross margin between 52.5% and 54.5%, and non-GAAP diluted earnings per share between $0.65 and $1.05.
Positive Outlook
- Continued year-over-year growth in business is expected.
- Strong balance sheet and positive cash flow position the company for growth opportunities.
- Ability to return capital to shareholders through share buybacks.
- Non-GAAP gross margin is projected to be strong, ranging from 52.5% to 54.5%.
- Non-GAAP diluted earnings per share is expected to be between $0.65 and $1.05.
Challenges Ahead
- Fiscal third quarter revenue is expected to be down sequentially due to seasonality.
- GAAP gross margin is projected to be lower than non-GAAP, ranging from 43.2% to 47.2%.
- GAAP diluted earnings per share is projected to be a loss, ranging from ($0.77) to ($0.17).
Historical Earnings Impact
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Avg. Return Before/After Earnings
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