Loading...
•
Mar 25, 2023
Synaptics Q3 2023 Earnings Report
Synaptics' Q3 2023 financial results were reported, exceeding expectations despite a challenging economic environment.
Key Takeaways
Synaptics reported Q3 fiscal year 2023 results with revenue of $326.6 million. GAAP net income was $10.4 million, or $0.26 per diluted share, while non-GAAP net income was $75.3 million, or $1.89 per diluted share. The company is implementing spending controls due to the current economic slowdown and expects revenue to decline sequentially in the June quarter.
Revenue for Q3 2023 was $326.6 million.
GAAP gross margin was 52.8 percent.
Non-GAAP diluted earnings per share was $1.89.
The board of directors authorized a $500 million increase in the share repurchase program.
Forward Guidance
For the fourth quarter of fiscal year 2023, Synaptics expects revenue between $210 million and $240 million, GAAP gross margin between 44.0 percent and 47.0 percent, and GAAP operating expenses between $138 million and $143 million.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...