secwatch.observer — SEC 8-K summary
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Issuer:     SYNAPTICS Inc (SYNA)
CIK:        0000817720
Form:       8-K
Filed at:   2024-02-08T23:59:59+00:00
Accession:  0000950170-24-012775
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/817720/000095017024012775/0000950170-24-012775-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/817720/000095017024012775/syna-20240208.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-012775

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