Welcome to our dedicated page for Synaptics news (Ticker: SYNA), a resource for investors and traders seeking the latest updates and insights on Synaptics stock.
Synaptics Incorporated (NASDAQ: SYNA) delivers cutting-edge semiconductor solutions powering intuitive human-device interactions across mobile, IoT, and computing ecosystems. This dedicated news hub provides investors and technology stakeholders with essential updates on the company’s innovations, financial performance, and market leadership.
Access real-time announcements including quarterly earnings, product launches, strategic partnerships, and technology breakthroughs. Our curated collection ensures you stay informed about SYNA’s advancements in touch interfaces, biometric security, and AI-enhanced connectivity solutions shaping next-generation devices.
Key updates cover R&D milestones, intellectual property developments, and executive insights while maintaining compliance with financial disclosure standards. Bookmark this page for streamlined access to Synaptics’ official communications and third-party analyses of their industry impact.
Synaptics (SYNA) reported its Q2 fiscal 2025 financial results with revenue of $267.2 million. The company achieved GAAP gross margin of 45.7% and non-GAAP gross margin of 53.6%. GAAP diluted earnings per share reached $0.05, while non-GAAP diluted EPS was $0.92.
Key highlights include signing a new agreement with Broadcom to accelerate Edge AI strategy and the repurchase of approximately one million shares for $74.5 million. The company reported GAAP net income of $1.8 million and non-GAAP net income of $36.6 million.
Core IoT products demonstrated strong performance with 63% year-over-year growth. Management noted stable to improving trends in most end markets, though Q3 is expected to see seasonal decline. The company maintains a strong balance sheet and positive cash flow.
Synaptics (SYNA) announced that CEO Michael Hurlston is stepping down effective immediately to join Lumentum Holdings as CEO. CFO Ken Rizvi has been appointed Interim CEO, while Board Chairman Nelson Chan will serve as Executive Chairman during the transition. The company has initiated a search for a permanent CEO, considering both internal and external candidates.
Additionally, Synaptics released preliminary fiscal Q2 2025 financial results, expecting revenue of $267 million. The company anticipates gross margins to align with previous guidance midpoint, operating expenses slightly above midpoint, and EPS above the midpoint of guidance provided on November 7, 2024. The company will report detailed Q2 fiscal 2025 results on February 6, 2025.
Synaptics (SYNA) has signed a definitive licensing agreement with Broadcom, advancing its Edge AI strategy. The agreement includes Wi-Fi 8, ultra-wideband (UWB), Wi-Fi 7, advanced Bluetooth, and next-generation GPS/GNSS technologies for IoT and Android ecosystem applications.
The strategic benefits include solidifying Synaptics' leadership in end-to-end AI IoT connectivity, securing its Veros wireless product roadmap for 5+ years, and expanding into new markets including AR/VR platforms, Android smartphones, and consumer audio. The deal is expected to generate $40+ million in annualized sales and be immediately accretive to non-GAAP EPS.
The all-cash transaction is set to close on January 30, 2025, with further details to be discussed during the fiscal Q2 2025 investor conference call on February 6th, 2025.
Synaptics (SYNA) has announced it will release its second quarter fiscal 2025 financial results on Thursday, February 6, 2025, after market close. The company will host a conference call for analysts and investors at 2:00 p.m. PT (5:00 p.m. ET) on the same day to discuss the results.
Synaptics (SYNA) has announced its upcoming participation in the 27th Annual Needham Growth Conference. The company's President and CEO, Michael Hurlston, is scheduled to present on Wednesday, January 15, 2025, at 10:30 AM PT. The presentation will be accessible via webcast, and interested parties can view the live stream or access a replay through the provided link at wsw.com/webcast/needham143/syna/2271566.
Synaptics (SYNA) has announced a strategic collaboration with Google to advance Edge AI technology for IoT devices. The partnership will integrate Google's MLIR-compliant ML core with Synaptics' Astra™ AI-Native hardware and open-source software platform.
The collaboration aims to accelerate the development of context-aware AI devices that can process multiple modalities including vision, image, voice, and sound. These applications will span across wearables, appliances, entertainment, embedded hubs, and monitoring systems in consumer, enterprise, and industrial sectors.
The Synaptics Astra platform combines low-power compute silicon with open-source software, tools, and wireless connectivity. This integration leverages Synaptics' expertise in neural networks and AI hardware design, while Google's ML core provides efficient open-source machine learning capabilities compliant with MLIR compiler standards.
Synaptics (SYNA) announces its participation at CES 2025, where it will showcase its AI-Native processing and intelligent connectivity solutions. The company will demonstrate the Synaptics Astra IoT platform, a scalable embedded compute solution optimized for multimodal Edge AI workloads. The platform includes the Machina Foundation Series development kit and AI Developer Zone, designed to simplify AI integration into IoT Edge devices.
The company will also highlight its Veros Seamless Intelligent Connectivity portfolio, which includes Wi-Fi, Bluetooth, Zigbee, Thread, Matter, and GPS systems on chip (SoCs). The demonstrations will take place in the Venetian Hotel's Bellini Ballroom #2105, featuring innovations in audio, mobile, PC, touch, biometrics, video interface, and automotive technologies.
Synaptics has launched the SYN20708, a new dual-core system on chip (SoC) extending its Veros IoT connectivity family. This Matter-compliant SoC supports concurrent operation of Bluetooth Classic, Bluetooth Low Energy (BLE), Zigbee, and Thread protocols on both cores.
The chip features dual-antenna maximum ratio combining for enhanced range, supports Bluetooth 5.4 certification with compatibility for Bluetooth 6.0, and includes Channel Sounding. It's designed for applications requiring low latency, superior range, and low power consumption, targeting markets like home hubs, soundbars, automotive infotainment systems, and healthcare devices.
Synaptics (Nasdaq: SYNA) has announced its participation in two upcoming investor conferences. Ken Rizvi, SVP and Chief Financial Officer, will attend the UBS Global Technology and AI Conference on December 3, 2024, and the Wells Fargo 8th Annual TMT Summit on December 4, 2024. Both events represent significant opportunities for the company to engage with investors and showcase its developments in technology and AI sectors.
Synaptics announced pricing of $400.0 million convertible senior notes due 2031 with 0.75% interest rate, payable semi-annually. The initial conversion price is $99.69 per share, representing a 32.5% premium over the current stock price. The company plans to use $44.4 million for capped call transactions, $67.0 million to repurchase 890,483 shares, and the remainder plus $307.0 million cash on hand to repay its term loan facility. The notes will be redeemable after December 6, 2028, subject to certain conditions.
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