earnings
confidence high
sentiment positive
materiality 0.75
Synaptics Q4 FY2021 revenue $328M, non-GAAP EPS $2.18, record gross margins
SYNAPTICS Inc
2021-FY EPS reported
$2.08
revenue$1,339,600,000
- GAAP gross margin 52.1%, non-GAAP 57.5% (records); GAAP diluted EPS $0.48.
- Q1 FY2022 guidance: revenue $355M–$385M, non-GAAP gross margin 57%–58%.
- Converted $503.5M of 0.5% Convertible Notes due 2022; no notes outstanding after redemption.
- Board increased buyback authorization by $400M to $577.4M, extended to July 2025.
- IoT products represent >50% of revenue, driving margin expansion.