Strong IoT growth and Wi-Fi 7-start …

• Revenue: USD 266.6 million, by 12% compared to the previous year.

• Non-GAAP gross margin: 53.5%according to the middle of the guide.

• Non-GAAP-EPS: USD 0.90, by 70% compared to the previous year.

• Kern -Iot product sales: 68 million US dollars, by 43% compared to the previous year.

• Non-GAAP operating costs: 101 million US dollars in accordance with instructions.

• Non-GAAP operating range: 15.6%, by 270 basis points from year to year.

• Non-GAAP net income: 35.3 million US dollars.

• Cash and equivalent: 421.4 million US dollars for the quarter.

• Cashflow from the company: 74 million dollars.

• Share returns: USD 37.9 million, around 546,000 shares.

• Investment expenses: 5.4 million US dollars.

• Depreciation: 7.2 million US dollars.

• Selling days outstanding: 45 days, after 49 days in the last quarter.

• Inventory balance: $ 132.9 million, increased by $ 13.4 million compared to the previous quarter.

• Q4 income instructions: Center approx. 280 million US dollars.

• Q4 Non-GAAP gross margin instructions: 53.5% at the center.

• Q4 NON-GAAP operating costs guidelines: Center 103 million US dollars.

• Q4 Non-GAAP Netto result per share Instructions: 1 USD per share at the center.

Appearance date: May 08, 2025

You can find the complete copy of the earnings call in the complete earnings call.

• Synaptics INC (NASDAQ: SYA) recorded a 12% sales increase compared to the previous year to $ 267 million, just above the center of their guide.

• The sales of core products rose by 43%compared to the previous year, which is due to a strong demand for wireless and processor products.

• The non-GAAP EPS rose by 70% to $ 0.90 compared to the previous year and exceeded the center of their instructions.

• The company started its first Wi-Fi 7 device for IoT applications and promised a higher throughput and improved reliability.

• Synaptics INC (NASDAQ: SYA) expanded its Veros Connectivity Portfolio and opened a market chance of $ 3 billion with a cost-effective solution for IoT applications for embedded edges.

• The automotive sector continues to look at the sluggish demand and influences the company income of Synaptics INC (NASDAQ: Syna).

• The income from mobile products decreased by 18% compared to the previous year due to the end of the product deliveries.

• The company is affected with uncertain potential indirect effects of global trade tariffs on future demand and supply chain.

• The non-GAAP operating range decreased by 170 basis points due to the increased operating costs in connection with Broadcom transaction.

• Cash, cash equivalents and short-term investments decreased by around $ 174.7 million in the previous quarter, which was partly due to Broadcom transaction.

Q: Could you expand what the strength in the core -Iot has done both in the quarter and in the guide? In particular, how much of this strength comes from Wi-Fi 7 Ramps or the Broadcom Pixel-related ramp? A: Ken Rizvi, Interim CEO and CFO, explained that the core business strength of IoT due to wireless growth and the strong demand of existing products could be attributed. Wi-Fi 7 is expected to be a driver in 2026. The Broadcom acquisition contributes around $ 10 million per quarter and is about expectations.