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.