Synaptics Q1 FY2024 revenue $237.7M, GAAP loss $1.43/share, Non-GAAP EPS $0.52

SYNAPTICS Inc

2023-Q1 EPS reported -$1.43 revenue$237,700,000

Revenue of $237.7M, first sequential increase in over a year; GAAP net loss $55.6M ($1.43 per share).
Non-GAAP net income $20.3M ($0.52 per diluted share); Non-GAAP gross margin 53.0%.
Q2 FY2024 revenue guidance $220M–$250M (roughly flat QoQ); Non-GAAP gross margin 51%–54%.
CEO Michael Hurlston cites business stabilization, expects recovery in calendar 2024 as excess customer inventories work down.
Company highlighted long-term growth drivers in Wireless and Processor products at September Investor Day.

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 0.95

SYNAPTICS Inc reported first quarter of fiscal 2024 ended September 30, 2023 results: revenue $237.7 million, net income GAAP net loss for the first quarter of fiscal 2024 was $55.6 million, or a loss of $1.43 per basic share, EPS Non-GAAP diluted earnings per share of $0.52.

Period: first quarter of fiscal 2024 ended September 30, 2023
Revenue: $237.7 million
Net income: GAAP net loss for the first quarter of fiscal 2024 was $55.6 million, or a loss of $1.43 per basic share
EPS: Non-GAAP diluted earnings per share of $0.52
Result: reported results

Exact text from the filing

--- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Synaptics Reports First Quarter Fiscal 2024 Results Q1’24 Financial Results and Recent Business Highlights • Revenue of $237.7 million • GAAP gross margin of 45.1 percent • Non-GAAP gross margin of 53.0 percent • GAAP loss per share of $1.43 • Non-GAAP diluted earnings per share of $0.52 SAN JOSE, Calif., –

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Source: SEC EDGAR

accession 0000950170-23-062067

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