secwatch.observer — SEC 8-K summary
======================================

Issuer:     SYNAPTICS Inc (SYNA)
CIK:        0000817720
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001628280-24-046300
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Synaptics Q1 FY2025 revenue $257.7M, non-GAAP EPS $0.81; guides Q2 rev ~$265M
-----------------------------------------------------------------------------

- GAAP net loss $23.1M ($0.58 loss per share), non-GAAP net income $32.5M ($0.81 diluted EPS).
- Core IoT products grew 55% YoY; revenue up sequentially and year-over-year.
- Q2 FY2025 guidance: revenue $265M ± $15M, non-GAAP EPS $0.85 ± $0.20.
- GAAP gross margin 46.9%, non-GAAP gross margin 53.9%.
- Management cites reduced inventory headwinds, new design ramps, and share gains.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/817720/000162828024046300/0001628280-24-046300-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/817720/000162828024046300/syna-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-046300

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