earnings
confidence high
sentiment positive
materiality 0.80
Synaptics reports Q3 FY2022 record non-GAAP EPS $3.75; IoT revenue up 99% YoY
SYNAPTICS Inc
2021-Q3 EPS reported
$4.29
revenue$1,263,300,000
- Revenue $470.1M; GAAP EPS $1.59; record non-GAAP EPS $3.75, above guidance high-end.
- IoT product revenue grew 99% YoY, now 64% of total; design-win momentum solid.
- Record GAAP gross margin 54.0%; record non-GAAP gross margin 61.1%; record non-GAAP op margin 38.6%.
- Q4 FY2022 guidance: revenue $460-490M; non-GAAP gross margin 60.5-61.5%; backlog strong.