Synaptics Q2 FY2023 revenue $353M, GAAP EPS $0.55, Non-GAAP EPS $2.20

SYNAPTICS Inc

2022-Q2 EPS reported $2.14 revenue$801,200,000

Revenue of $353.1M; GAAP net income $22.0M ($0.55 diluted EPS); Non-GAAP net income $88.5M ($2.20 diluted EPS).
GAAP gross margin 52.9%; Non-GAAP gross margin 59.8%.
Q3 FY2023 guidance: revenue $310M-$340M; Non-GAAP gross margin 60%-62%.
CFO notes customers destocking inventories; expects modest sequential revenue decline in March quarter.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

SYNAPTICS Inc reported fiscal quarter ended December 24, 2022 results: revenue $353.1 million, net income GAAP net income for the second quarter of fiscal 2023 was $22.0 million, or $0.55 per diluted share, EPS $0.55 per diluted share. Guidance lowered.

Period: fiscal quarter ended December 24, 2022
Revenue: $353.1 million
Net income: GAAP net income for the second quarter of fiscal 2023 was $22.0 million, or $0.55 per diluted share
EPS: $0.55 per diluted share
Guidance: lowered
Result: reported results

Exact text from the filing

Synaptics Reports Second Quarter Fiscal 2023 Results Q2’23 Financial Results and Recent Business Highlights • Revenue of $353.1 million • GAAP gross margin of 52.9 percent • Non-GAAP gross margin of 59.8 percent • GAAP diluted earnings per share of $0.55 • Non-GAAP diluted earnings per share of $2.20

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Source: SEC EDGAR

accession 0000950170-23-001707

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