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Jun 26, 2021
Synaptics Q4 2021 Earnings Report
Synaptics reported Q4 2021 results with revenue of $327.8 million and non-GAAP EPS of $2.18.
Key Takeaways
Synaptics reported strong fourth-quarter results, achieving record GAAP and non-GAAP gross margins. The company's portfolio is increasingly focused on IoT products, which now account for over 50% of overall revenue.
Revenue reached $327.8 million.
GAAP gross margin hit a record of 52.1 percent.
Non-GAAP gross margin also reached a record at 57.5 percent.
Non-GAAP diluted earnings per share was $2.18.
Forward Guidance
For the first quarter of fiscal 2022, Synaptics expects revenue between $355 million and $385 million. They also expect GAAP gross margin between 52.0% and 53.5% and Non-GAAP gross margin between 57.0% and 58.0%.
Positive Outlook
- Maintain gross margin strength.
- Ramping design wins fuel continued IoT growth trajectory.
- Backlog remains strong.
- Customer demand continues to outpace supply availability.
- Factored in the current semiconductor supply chain constraints into the September quarter guidance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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