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.
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