Synaptics Q2 FY2024: Revenue $237M, Non-GAAP EPS $0.57; Guides Q3 revenue flat at $220M-$250M

SYNAPTICS Inc

2024-Q2 EPS reported -$1.66 revenue$474,700,000

Revenue of $237M; GAAP net loss of $9M ($0.23 loss per share).
Non-GAAP net income $22.5M ($0.57 per diluted share); non-GAAP gross margin 52.5%.
CEO: business has stabilized, Core IoT to drive topline growth from here.
Q3 FY2024 guidance: revenue $220M-$250M (flat QoQ); non-GAAP gross margin 52%-54%.
Total channel inventories declined in December quarter, says CFO.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SYNAPTICS Inc reported second quarter of fiscal 2024 ended December 30, 2023 results: revenue $237.0 million, net income $9.0 million, EPS loss of $0.23 per basic share. Guidance initiated.

Period: second quarter of fiscal 2024 ended December 30, 2023
Revenue: $237.0 million
Net income: $9.0 million
EPS: loss of $0.23 per basic share
Guidance: initiated
Result: reported results

Exact text from the filing

Net revenue for the second quarter of fiscal 2024 was $237.0 million. GAAP net loss for the second quarter of fiscal 2024 was $9.0 million, or a loss of $0.23 per basic share.

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Source: SEC EDGAR

accession 0000950170-24-012775

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