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Jun 24, 2023
Synaptics Q4 2023 Earnings Report
Reported fourth quarter fiscal 2023 results, impacted by excess customer inventories but expecting a climb upward in early calendar 2024.
Key Takeaways
Synaptics reported Q4 fiscal 2023 results with a revenue of $227.3 million. The company experienced a GAAP net loss of $23.4 million, or a loss of $0.59 per basic share. However, non-GAAP net income was $19.5 million, or $0.49 per diluted share.
Revenue of $227.3 million
GAAP gross margin of 44.5 percent
Non-GAAP gross margin of 55.7 percent
Non-GAAP diluted earnings per share of $0.49
Forward Guidance
For the first quarter of fiscal 2024, Synaptics expects revenue between $215 million and $245 million, GAAP gross margin between 43.5 percent and 47.5 percent, and GAAP operating expenses between $139 million and $147 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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