The chart below shows how SYNA performed 10 days before and after its earnings report, based on data from the past quarters. Typically, SYNA sees a -0.43% change in stock price 10 days leading up to the earnings, and a +0.09% change 10 days following the report. On the earnings day itself, the stock moves by +0.22%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Core IoT Sales Surge: Revenue increased 8% year-over-year and exceeded the mid-point of our guidance range, driven by continued strength in Core IoT product sales, which were up 55% compared to the prior year.
Profitability Improvement Trends: Our profitability continues to improve with non-GAAP gross and operating margins higher compared to the prior quarter and the year ago.
EPS Growth Surge: We delivered strong EPS growth with non-GAAP EPS increasing 56% year-over-year.
IoT Funnel Growth: Our Core IoT funnel has grown nearly 30% since our last update a year ago, increasing from about $2.2 billion in September 2023 to over $3 billion today.
Cash Position Decline: We ended the quarter with approximately $854 million of cash and cash equivalents, down approximately $23 million from the prior quarter.
Negative
Q1 Revenue Decline: Revenue for fiscal Q1 was $257.7 million, down approximately $23 million from the prior quarter.
IoT Revenue Fluctuations: Core IoT product revenues increased 55% year-over-year but were down sequentially, indicating potential volatility in demand.
Automotive Revenue Trends: Enterprise & Automotive product revenue improved 3% sequentially but was down 5% year-over-year, reflecting challenges in the automotive market.
PC Product Performance Analysis: PC products continued to improve sequentially but showed a year-over-year decline primarily due to the automotive products, which were impacted by the overall market slowdown.
Operational Cash Outflow: Cash used in operations was $11.4 million primarily due to $30 million of cash taxes, indicating a significant cash outflow.
Synaptics Incorporated (SYNA) Q1 2025 Earnings Call Transcript
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