Synaptics(SYNA)
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Synaptics to Participate at Upcoming Investor Conferences on Tuesday, December 3, 2024 and Wednesday, December 4, 2024
GlobeNewswire News Room· 2024-11-25 22:22
SAN JOSE, Calif., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (Nasdaq: SYNA) today announced its participation in upcoming investor conferences. Ken Rizvi, SVP and Chief Financial Officer, will participate in the UBS Global Technology and AI Conference on Tuesday, December 3, 2024.Ken Rizvi, SVP and Chief Financial Officer, will participate in the Wells Fargo 8th Annual TMT Summit on Wednesday, December 4, 2024. About Synaptics Incorporated: Synaptics (Nasdaq: SYNA) is changing the way humans ...
Synaptics (SYNA) Upgraded to Strong Buy: What Does It Mean for the Stock?
ZACKS· 2024-11-16 02:00
Synaptics (SYNA) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the sys ...
Synaptics Incorporated Prices $400.0 Million Convertible Senior Notes Offering
GlobeNewswire News Room· 2024-11-15 12:46
SAN JOSE, Calif., Nov. 14, 2024 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (Nasdaq: SYNA) today announced the pricing of its offering of $400.0 million aggregate principal amount of 0.75% convertible senior notes due 2031 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The issuance and sale of the notes are scheduled to settle on November 19, 2024, subject to cu ...
Synaptics(SYNA) - 2025 Q1 - Earnings Call Transcript
2024-11-08 10:55
财务数据和关键指标变化 - 2025财年第一季度营收为2.577亿美元,同比增长8%,环比增长4%,高于指引中点 [25] - 非GAAP毛利润率为53.9%,高于指引中点,非GAAP运营利润率为16.7%,同比上升400多个基点,环比上升200多个基点 [28] - 非GAAP净利润为3250万美元,非GAAP每股摊薄收益为0.81美元,同比增长56%,环比增长27%,高于指引中点 [29] - 本季度运营现金流使用1140万美元,主要由于3000万美元的现金税(包括上季度与知识产权本土化相关的一次性现金税),资本支出910万美元,折旧720万美元 [30] - 本季度末现金及现金等价物约为8.54亿美元,较上季度减少约2300万美元,应收账款为1.358亿美元,应收账款周转天数为47天(上季度为52天),库存余额为1.196亿美元(较上季度略有上升),库存周转天数为93天 [30][31] - 预计2025财年第二季度营收中点约为2.65亿美元,上下浮动1500万美元,非GAAP毛利润率中点为53.5%,上下浮动1%,非GAAP运营费用中点约为9600万美元,上下浮动200万美元,非GAAP净利息和其他费用约为500万美元,非GAAP税率在13% - 15%之间,非GAAP每股摊薄收益中点为0.85美元,上下浮动0.20美元 [34][35] 各条业务线数据和关键指标变化 Core IoT业务 - Core IoT产品营收同比增长55%,环比增长10%,本季度营收占比23%,其漏斗(潜在业务量)自2023年9月的约22亿美元增长近30%至如今的超30亿美元,预计未来五年复合营收增长率为25% - 30% [9][11][26] Enterprise & Automotive业务 - 产品营收环比增长3%,同比下降5%,本季度营收占比57%,其中PC产品营收本季度有高个位数百分比增长,受益于市场季节性和份额增加,但2024年PC市场稳定,笔记本电脑出货量未达预期,预计2025年需求将因多种因素增长,视频接口产品营收较去年同期有两位数百分比增长但仍低于正常水平,汽车市场终端需求恶化,相关产品营收同比下降 [17][19][21][26] Mobile业务 - 产品营收同比增长14%,环比增长3%,本季度营收占比20%,主要受高端安卓市场驱动,本季度有两个客户营收占比超10%(各约12%),触摸控制器在高端安卓市场表现良好,正在引入新的触摸控制器产品 [22][27] 各个市场数据和关键指标变化 - 在Wi - Fi市场,高性能Wi - Fi方面新客户赢单加速,数量较三个月前几乎翻倍,物联网市场Wi - Fi 7设备本月晚些时候将出样品,公司在该市场份额仍较小但有望在未来几年成为领先者,Wi - Fi 7相比Wi - Fi 6有1 - 2美元的ASP提升和8% - 10%的毛利率提升(会随时间衰减),Wi - Fi业务主要面向消费者(约65%)和企业(约35%),工业和汽车领域占比极小 [13][14][54][57] 公司战略和发展方向和行业竞争 - 公司将继续投资于有机业务(尤其是Core IoT和Enterprise & Automotive产品),以纪律性方式进行并购来增强内部能力,通过股票回购返还资本,保持强劲的资产负债表和流动性状况 [32] - 在Core IoT业务中,无线和处理器产品表现出色,正在推出新产品、赢得新设计并增加潜在业务量,在广域市场(broad markets)的首款芯片本季度将出样品,预计未来两年建立有意义的市场地位,处理器产品Astra获行业认可,本季度潜在业务量增长3亿美元,主要进展在家庭自动化、安全和家电设计方面,还看到来自ODM和客户对连接多设备的AI枢纽的兴趣 [10][12][15] - 在企业业务方面,视频接口产品因库存消化营收有两位数增长,预计2025年因技术标准升级和管理要求提高会有改善,新推出的DisplayLink Pro支持ARM和x86处理器,在汽车业务方面,鉴于市场放缓、传统产品下降和新技术采用延迟,对该产品线保持谨慎 [19][20][21] - 在移动业务方面,触摸控制器与高端安卓市场保持一致并不断赢得替换设计,新的触摸控制器产品有助于在手机市场增加份额并可能开启非移动应用 [22] 管理层对经营环境和未来前景的评论 - 公司本季度表现稳健,Core IoT产品销售持续强劲推动营收增长,盈利能力持续改善,EPS增长强劲,在多个业务领域取得进展,如Core IoT、高性能Wi - Fi、企业产品销售等,且开始向股东返还资本 [9][24] - 尽管汽车市场终端需求恶化、传统产品下降和新技术采用延迟,但企业业务仍有逐步改善,如PC产品营收增长,视频接口产品营收改善,预计2025年需求将因多种因素增长,如机群老化、Windows 10生命周期结束和新AI PC的出现 [17][19][21] - 移动业务触摸控制器表现良好且有新机会,公司将在本季度开始部署资本(重点是股票回购) [22][23] 其他重要信息 - 除GAAP结果外,管理层还将提供非GAAP补充结果(排除基于股份的薪酬、收购相关成本和某些其他非现金、经常性或非经常性项目),并提醒前瞻性陈述受多种风险和不确定性影响,实际结果可能与前瞻性陈述有重大差异,详情参考公司向SEC提交的报告 [4][6][7] 问答环节所有的提问和回答 问题:新产品的路线图和时间表是否有调整,对即将推出的广域市场芯片有何近期期望 [38] - 回答:公司时间表保持一致,Wi - Fi 7芯片本季度将按计划对物联网应用进行样品测试,广域市场芯片也将本季度出样品,处理器方面,部分边缘AI处理器已在生产,明年年中还有一款重要产品推出 [39][40] 问题:Core IoT漏斗增长强劲,25% - 30%的复合年增长率,增长来源是什么,Wi - Fi、蓝牙、处理器各占多少 [43] - 回答:近期增长主要来自Wi - Fi,高性能Wi - Fi表现超预期,2026年广域市场芯片开始有贡献,2026年底处理器开始有早期增长(2027年有显著贡献),蓝牙方面目前进展稍落后于预期 [44][45][46] 问题:Wi - Fi 7的升级周期与以往Wi - Fi升级周期相比如何 [48] - 回答:非常相似,预计在2026财年将有一个阶跃式增长(从物联网领域的零渗透率到20% - 25%相对较快),然后需要两到三年从20% - 25%增长到50%,最后达到50%后会与旧标准混合,不会有任何一个标准占据超过50% - 60%的出货量 [49] 问题:Wi - Fi业务在消费(家庭)与工业的终端市场暴露情况 [54] - 回答:工业领域占比极少,汽车领域也很少(有一个项目在推进),主要是消费者(约65%)和企业(约35%) [54] 问题:2025年3月季度是否会受季节性影响,是否有避免季节性影响的积极因素 [56] - 回答:通常会有季节性影响,尤其是PC领域,且目前汽车市场有些疲软,这两个因素预计会影响3月季度 [56] 问题:Wi - Fi 7与Wi - Fi 6相比ASP和毛利率差异 [57] - 回答:有先发优势,ASP有1 - 2美元提升,毛利率有8% - 10%提升(会随时间衰减) [57] 问题:企业业务营收季度环比增长3%,是否看到企业IT需求稳定或前景改善,处理器和无线领域的定价环境如何 [59] - 回答:企业业务结果较好,部分是由于产品更新周期,视频接口产品推出新产品推动采用,PC领域有份额增长带来营收增长,目前定价环境没有太大挑战,在中国市场有一定价格压力,但整体不如2015 - 2017年严重,在部分产品上因市场地位有较少价格压力,供应商方面没有太多成本降低的帮助 [60][63][64][65] 问题:企业业务复苏情况与Core IoT相比如何,对利润率有何影响 [66] - 回答:取决于IT预算和支出,目前看到复苏迹象,主要由自身因素驱动(新功能、市场份额增加等),整体IT支出尚未大幅增加,但预计2025年情况会更好,不同产品对利润率影响不同,PC产品利润率与企业平均水平相当,其他产品提升会拉高整体利润率 [67][68] 问题:Astra平台的客户参与情况,是否有地域集中 [69] - 回答:客户参与范围相当广泛,目前正在各领域寻找机会,目标是明年第一或第二季度确定两到三个重点领域深入发展,产品独特(低功耗、低成本、高计算能力),可应用于多个终端领域(家庭安全、家电、家庭自动化、工业等) [70][71][72]
Synaptics (SYNA) Q1 Earnings and Revenues Top Estimates
ZACKS· 2024-11-08 08:20
Synaptics (SYNA) came out with quarterly earnings of $0.81 per share, beating the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $0.52 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8%. A quarter ago, it was expected that this maker of touch-screen technology would post earnings of $0.55 per share when it actually produced earnings of $0.64, delivering a surprise of 16.36%.Over the last four quarter ...
Synaptics(SYNA) - 2025 Q1 - Quarterly Report
2024-11-08 05:32
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ______________________________________________________________________________________________________ FORM 10-Q ______________________________________________________________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 28, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURIT ...
Synaptics(SYNA) - 2025 Q1 - Quarterly Results
2024-11-08 05:19
Exhibit 99.1 Synaptics Reports First Quarter Fiscal 2025 Results Q1'25 Financial Results and Recent Business Highlights • Revenue of $257.7 million • GAAP gross margin of 46.9 percent • Non-GAAP gross margin of 53.9 percent • GAAP loss per share of $0.58 • Non-GAAP diluted earnings per share of $0.81 SAN JOSE, Calif., – November 7, 2024 – Synaptics Incorporated (Nasdaq: SYNA), today reported financial results for its first quarter of fiscal 2025 ended September 28, 2024. Net revenue for the first quarter of ...
Synaptics Reports First Quarter Fiscal 2025 Results
GlobeNewswire News Room· 2024-11-08 05:05
Q1’25 Financial Results and Recent Business Highlights Revenue of $257.7 millionGAAP gross margin of 46.9 percentNon-GAAP gross margin of 53.9 percentGAAP loss per share of $0.58Non-GAAP diluted earnings per share of $0.81 SAN JOSE, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Synaptics Incorporated (Nasdaq: SYNA), today reported financial results for its first quarter of fiscal 2025 ended September 28, 2024. Net revenue for the first quarter of fiscal 2025 was $257.7 million. GAAP net loss for the first quart ...
Synaptics Expands in Taiwan to Capture Rapid Growth in $24B AI IoT Market
GlobeNewswire News Room· 2024-10-23 10:30
HSINCHU, Taiwan, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (Nasdaq: SYNA) today announced it has expanded in Hsinchu, now making Taiwan Synaptics’ largest employee base worldwide. The expansion underscores the increasingly critical role of Taiwan in the semiconductor industry and gives Synaptics headroom to grow both its essential operations and engineering expertise. Among other things, the facilities will house the team that develops AI-enabled Edge devices for the IoT to capture a signifi ...
Synaptics to Report First Quarter Fiscal 2025 Results on November 7, 2024
GlobeNewswire News Room· 2024-10-18 04:08
SAN JOSE, Calif., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (Nasdaq: SYNA) today announced that it will report financial results for the first quarter of fiscal 2025 on Thursday, November 7, 2024, after the market closes. The Company will host a corresponding conference call for analysts and investors at 2:00 p.m. PT (5:00 p.m. ET), during which management may discuss forward-looking information. To participate on the live call, analysts and investors should pre-register at Synaptics Q1 FY20 ...