Synaptics Reports Q3 Revenue Increase of 12% YoY, Core IoT Sales Surge 43%, Posts GAAP Loss of $0.56 Per Share

Reuters

05-09

Synaptics Reports Q3 Revenue Increase of 12% YoY, Core IoT Sales Surge 43%, Posts GAAP Loss of $0.56 Per Share

Synaptics Incorporated reported its financial results for the third quarter of fiscal 2025, ending March 29. The company achieved a net revenue of $266.6 million, marking a 12% year-over-year increase, driven by a 43% growth in Core IoT product sales. The GAAP net loss for the quarter was $21.8 million. Additionally, Synaptics reported a non-GAAP net income of $35.3 million, translating to $0.90 per diluted share. The company highlighted the successful launch of new products, including Wi-Fi 7 solutions, broad market devices, and next-generation Touch controllers, which are expected to strengthen its portfolio and support long-term growth. Despite the macroeconomic challenges, Synaptics remains focused on its technology roadmap and growth initiatives, with a strong balance sheet and $74 million in cash flow generated from operations during the quarter. Looking forward, the company anticipates sequential and year-over-year revenue growth for the fourth quarter, reflecting improving demand trends.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Synaptics Incorporated published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9447776-en) on May 08, 2025, and is solely responsible for the information contained therein.

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The company achieved a net revenue of $266.6 million, marking a 12% year-over-year increase, driven by a 43% growth in Core IoT product sales. The GAAP net loss for the quarter was $21.8 million. Additionally, Synaptics reported a non-GAAP net income of $35.3 million, translating to $0.90 per diluted share. The company highlighted the successful launch of new products, including Wi-Fi 7 solutions, broad market devices, and next-generation Touch controllers, which are expected to strengthen its portfolio and support long-term growth. Despite the macroeconomic challenges, Synaptics remains focused on its technology roadmap and growth initiatives, with a strong balance sheet and $74 million in cash flow generated from operations during the quarter. 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ID: GNW9447776-en) on May 08, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SYNA","symbol_name":"Synaptics Incorporated","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250508:nNDL35zkMh:1","article_id":"2534166714","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2534166714","pubTimestamp":1746734758,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Synaptics Incorporated reported its financial results for the third quarter of fiscal 2025, ending March 29. The company achieved a net revenue of $266.6 million, marking a 12% year-over-year increase, driven by a 43% growth in Core IoT product sales. The GAAP net loss for the quarter was $21.8 million. Additionally, Synaptics reported a non-GAAP net income of $35.3 million, translating to $0.90 per diluted share. The company highlighted the successful launch of new products, including Wi-Fi 7 solutions, broad market devices, and next-generation Touch controllers, which are expected to strengthen its portfolio and support long-term growth. Despite the macroeconomic challenges, Synaptics remains focused on its technology roadmap and growth initiatives, with a strong balance sheet and $74 million in cash flow generated from operations during the quarter. 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Additionally, Synaptics reported a non-GAAP net income of $35.3 million, translating to $0.90 per diluted share. The company highlighted the successful launch of new products, including Wi-Fi 7 solutions, broad market devices, and next-generation Touch controllers, which are expected to strengthen its portfolio and support long-term growth. Despite the macroeconomic challenges, Synaptics remains focused on its technology roadmap and growth initiatives, with a strong balance sheet and $74 million in cash flow generated from operations during the quarter. Looking forward, the company anticipates sequential and year-over-year revenue growth for the fourth quarter, reflecting improving demand trends.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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