earnings
confidence high
sentiment positive
materiality 0.75
Synaptics Q2 FY2022: Revenue $420.5M, record non-GAAP EPS $3.26; guides Q3 rev $450-480M
SYNAPTICS Inc
2021-Q2 EPS reported
$2.70
revenue$793,200,000
- Revenue $420.5M; GAAP EPS $1.71; record non-GAAP EPS $3.26.
- IoT revenue up 60% YoY to $1B annual run-rate; record GAAP gross margin 53.5% and non-GAAP gross margin 59.5%.
- Q3 guidance: revenue $450M-$480M, non-GAAP gross margin 59.5%-60.5%.
- Backlog strong; demand outstrips supply; supply chain constraints factored into guidance.
- Record non-GAAP operating margin 37.1%; GAAP operating margin 18.5%.