Synaptics (SYNA) stock is soaring 6.28% in pre-market trading on Friday, following the release of its impressive fourth-quarter earnings report. The semiconductor company outperformed analyst expectations, demonstrating resilience in a challenging market environment.

For the quarter ended June 30, Synaptics reported adjusted earnings of $1.01 per share, surpassing the consensus estimate of $1.00 and showing significant growth from $0.64 in the same quarter last year. Revenue also exceeded expectations, rising 14.3% year-over-year to $282.80 million, compared to analyst projections of $280.19 million.

Adding to the positive sentiment, Synaptics provided an optimistic outlook for the first quarter of the new fiscal year. The company expects adjusted earnings between $0.90 and $1.20 per share on revenue ranging from $280 million to $300 million. This guidance aligns well with analyst expectations, further boosting investor confidence. The strong results and forward-looking statements suggest that Synaptics is successfully navigating industry challenges and positioning itself for continued growth.