Synaptics Core IoT Sales Soar 63%

Synaptics (NASDAQ:SYNA), a provider of custom semiconductor solutions, reported impressive results for the second quarter of fiscal 2025 on Feb. 6, 2025. The earnings release highlighted a strong performance driven by the company's Core IoT segment, which achieved a 63% year-over-year growth. The company announced revenue of $267.2 million, surpassing analyst expectations of $265 million while also exceeding its own guidance range. Non-GAAP earnings per share hit $0.92, beating both the analyst estimate of $0.86 and company guidance of $0.85 ± $0.20. Overall, Q2 2025 was a quarter of growth despite facing challenges in specific segments.Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in 2024-11-07 earnings report.Based in the heart of Silicon Valley, Synaptics is a top designer and developer of human interface and connectivity products. Its portfolio includes products used in mobile, IoT, PC, and automotive markets. The company's extensive patent portfolio and fabless semiconductor model are among its key success factors. Recent focuses have been on expanding IoT and AI segments through strategic acquisitions and technology partnerships, such as the one with Broadcom, which enhances its Edge AI capabilities.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool