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Mar 29, 2025
Synaptics Q3 2025 Earnings Report
Reported third quarter fiscal 2025 results
Key Takeaways
Synaptics delivered a solid third quarter of fiscal 2025 with revenues increasing 12% year-over-year, driven by strong growth in Core IoT products. The company reported a GAAP net loss but a positive non-GAAP net income and generated significant cash flow from operations.
Third quarter fiscal 2025 revenue was $266.6 million, a 12% increase year-over-year.
Core IoT product sales grew 43% year-over-year and accounted for 25% of total sales.
GAAP net loss for the quarter was $21.8 million, or $0.56 per basic share.
Non-GAAP net income for the quarter was $35.3 million, or $0.90 per diluted share.
Forward Guidance
For the fourth quarter of fiscal 2025, the company expects improving demand trends, with expectations of both sequential and year-over-year revenue growth.
Positive Outlook
- Expected sequential revenue growth.
- Expected year-over-year revenue growth.
- GAAP revenue expected between $265 million and $295 million.
- Non-GAAP gross margin expected between 52.5% and 54.5%.
- Non-GAAP diluted earnings per share expected between $0.80 and $1.20.
Challenges Ahead
- Subject to macroeconomic and trade environment uncertainties.
- GAAP gross margin expected between 40.5% and 44.5%.
- GAAP operating expense expected between $146 million and $154 million.
- Non-GAAP operating expense expected between $101 million and $105 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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