secwatch.observer — SEC 8-K summary
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Issuer:     SYNAPTICS Inc (SYNA)
CIK:        0000817720
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0000950170-23-062067
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/817720/000095017023062067/0000950170-23-062067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/817720/000095017023062067/syna-20231109.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-062067

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer