Synaptics Reports 12% Revenue Growth in Fiscal 2025 Driven by 53% Surge in Core IoT Sales

Reuters
08/22
Synaptics Reports 12% Revenue Growth in Fiscal 2025 Driven by 53% Surge in Core IoT Sales

Synaptics Incorporated has reported its financial results for the fiscal year ending June 28, 2025. The company achieved a 12% increase in net revenue, reaching $1,074.3 million compared to $959.4 million in fiscal 2024. This growth was primarily driven by strong execution in the Core IoT product category, where net revenue surged by 53% to $272.4 million, up from $177.6 million the previous year. The Core IoT growth was fueled by robust demand for wireless connectivity products and the inclusion of sales from the Broadcom transaction. The Enterprise and Automotive product applications also saw a revenue increase of 7%, totaling $610.1 million compared to $570.0 million in the prior year. This growth was primarily attributed to the expansion of the enterprise product portfolio, though it was partially offset by a decline in automotive revenue due to sector softness. Conversely, the Mobile product applications experienced a decrease in net revenue, dropping by 9% to $191.8 million from $211.8 million in the previous fiscal year. The company did not provide specific guidance or outlook in the report.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000817720-25-000073), on August 21, 2025, and is solely responsible for the information contained therein.

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