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Mar 28, 2020
Synaptics Q3 2020 Earnings Report
Synaptics' profitability exceeded expectations due to improved mix and cost control, despite a slight revenue decrease attributed to initial COVID-19 impacts.
Key Takeaways
Synaptics reported Q3 fiscal year 2020 results with net revenue of $328.1 million. GAAP net income was $5.0 million, or $0.14 per diluted share, while non-GAAP net income was $52.3 million, or $1.49 per diluted share. The company completed the divestiture of its mobile LCD TDDI business for $120 million.
Net revenue for Q3 fiscal year 2020 was $328.1 million.
GAAP net income was $5.0 million, or $0.14 per diluted share.
Non-GAAP net income was $52.3 million, or $1.49 per diluted share.
Completed the divestiture of mobile LCD TDDI business for $120 million.
Forward Guidance
For the fourth quarter of fiscal 2020, Synaptics expects revenue to be in the range of $260 million to $290 million. The revenue mix from mobile, IoT and PC products to be approximately 45 percent, 23 percent and 32 percent respectively.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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