Synaptics Q1 FY2023: revenue $448.1M, non-GAAP EPS $3.52; guides Q2 rev $350-380M

SYNAPTICS Inc

2022-Q1 EPS reported $1.59 revenue$448,100,000

Revenue $448.1M, up 20% YoY; IoT revenue up 67% YoY.
Record GAAP gross margin 57.1%; record non-GAAP gross margin 62.6%.
GAAP EPS $1.59; non-GAAP EPS $3.52; non-GAAP operating margin record 40.2%.
Q2 FY2023 guidance: revenue $350M-$380M; non-GAAP gross margin 60% to 62%.
CEO cites macroeconomic headwinds but confidence in wireless, auto, video interface growth.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

SYNAPTICS Inc reported fiscal quarter ended September 24, 2022 results: revenue Net revenue for the first quarter of fiscal 2023 was $448.1 million., net income GAAP net income for the first quarter of fiscal 2023 was $64.6 million, or $1.59 per diluted share. Non-GAAP net income, EPS GAAP diluted earnings per share of $1.59; Non-GAAP diluted earnings per share of $3.52.

Period: fiscal quarter ended September 24, 2022
Revenue: Net revenue for the first quarter of fiscal 2023 was $448.1 million.
Net income: GAAP net income for the first quarter of fiscal 2023 was $64.6 million, or $1.59 per diluted share. Non-GAAP net income
EPS: GAAP diluted earnings per share of $1.59; Non-GAAP diluted earnings per share of $3.52
Result: reported results

Exact text from the filing

Synaptics Reports First Quarter Fiscal 2023 Results Q1’23 Financial Results and Recent Business Highlights • Revenue of $448.1 million • IoT revenue increased 67% YoY • Record GAAP gross margin of 57.1 percent • Record non-GAAP gross margin of 62.6 percent • GAAP diluted earnings per share of $1.59 • Non-GAAP diluted earnings per share of $3.52 • GAAP operating margin of 25.0 percent • Record non-GAAP operating margin of 40.2 percent SAN JOSE, Calif., – November 3, 2022 – Synaptics Incorporated (Nasdaq: SYNA ), today reported financial results for its first quarter of fiscal 2023 ended September 24, 2022. Net revenue for the first quarter of fiscal 2023 was $448.1 million. GAAP net income for the first quarter of fiscal 2023 was $64.6 million, or $1.59 per diluted share. Non-GAAP net income for the first quarter of fiscal 2023 was $143.1 million, or $3.52 per diluted share.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.8

SYNAPTICS Inc reported second quarter of fiscal year 2023 results: revenue Revenue $350M to $380M. Guidance lowered.

Period: second quarter of fiscal year 2023
Revenue: Revenue $350M to $380M
Guidance: lowered
Result: guidance update

Exact text from the filing

For the second quarter of fiscal year 2023, the company expects: GAAP Non-GAAP Adjustment Non-GAAP Revenue $350M to $380M N/A N/A Gross Margin* 53.0 percent to 56.0 percent $24M 60.0 percent to 62.0 percent Operating Expense** $141M to $146M $43M to $44M $98M to $102M

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Source: SEC EDGAR

accession 0000950170-22-021881

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