Synaptics reports Q4 FY2024 rev $247.4M, GAAP EPS $5.22; guides Q1 rev ~$255M

SYNAPTICS Inc

2024-FY EPS reported $3.16 revenue$959,400,000

Q4 GAAP net income $208.3M ($5.22 diluted EPS); non-GAAP EPS $0.64.
Full year FY2024 revenue $959.4M; GAAP gross margin 45.8% vs 52.8% prior year.
Core IoT products grew 63% YoY in Q4, led by wireless group.
Q1 FY2025 guidance: revenue $255M±$15M, non-GAAP gross margin 53.5%±1.0%.
CEO cites improving demand but limited visibility; balance sheet remains strong.

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