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 develops semiconductor solutions for intelligent connected devices across IoT, PC, mobile and edge-AI markets. Company news commonly covers financial results, Core IoT product sales, design wins, and investor-conference activity, alongside updates to embedded compute, wireless connectivity and multimodal sensing products.
Recurring product developments include the Synaptics Astra AI-native embedded compute portfolio, Veros wireless connectivity, touch, display, biometrics, video, vision, audio, speech and security processing. Recent announcements also describe Edge AI boards, AI-native microcontrollers, Wi-Fi 7 connectivity, Bluetooth, Thread/Zigbee and on-device inference for smart home, industrial IoT, robotics, wearables and audio applications.
Synaptics Incorporated reported third-quarter fiscal 2024 results with a revenue of $237.3 million, GAAP gross margin of 46.5%, and non-GAAP gross margin of 52.9%. The company experienced a GAAP loss per share of $0.46 and non-GAAP diluted earnings per share of $0.53. Synaptics' Core IoT product area achieved significant milestones, with a successful launch of the Astra™ platform targeting a $20 billion plus market opportunity for embedded edge AI processors. The Core IoT revenue increased by 26% sequentially due to growth in the wireless product family. The company expects a modest increase in revenue for the fourth quarter of fiscal year 2024.
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