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Jun 27, 2020
Synaptics Q4 2020 Earnings Report
Synaptics reported strong Q4 2020 results, exceeding revenue guidance and achieving high gross margins.
Key Takeaways
Synaptics reported strong Q4 2020 financial results, with revenue of $277.6 million and GAAP diluted EPS of $2.55. The company also completed the divestiture of its Mobile LCD TDDI business and acquired DisplayLink and the rights to Broadcom's wireless IoT connectivity business.
Revenue reached $277.6 million.
GAAP diluted EPS was $2.55, while non-GAAP diluted EPS was $1.24.
Cash and cash equivalents totaled $763.4 million.
The divestiture of the Mobile LCD TDDI business was completed.
Forward Guidance
For the first quarter of fiscal 2021, Synaptics expects revenue between $315 million and $335 million and non-GAAP gross margin between 47.5 percent and 49.5 percent.
Positive Outlook
- Robust demand for products
- Strong backlog
- Acquisition of Broadcom's wireless IoT connectivity business completed
- Purchase of DisplayLink Corp completed
- Newly acquired businesses incorporated into consolidated Q1 fiscal 2021 guidance
Challenges Ahead
- Uncertainties remain in the macro economy
- Unable to predict with reasonable certainty the amount or timing of certain adjustments
- Adjustments are currently uncertain or unknown
- Depend on various factors that are beyond control
Historical Earnings Impact
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Avg. Return Before/After Earnings
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