Q1 2025 Synaptics Inc Earnings Call Transcript
Key Points
- Revenue increased 8% year-over-year, driven by strong Core IoT product sales, which were up 55% compared to the prior year.
- Non-GAAP EPS grew by 56% year-over-year, indicating strong profitability improvements.
- The Core IoT design pipeline has grown nearly 30% since last year, supporting a compounded revenue growth of 25% to 30% over the next five years.
- Synaptics Inc (SYNA) is on track to sample its first Wi-Fi 7 device for the IoT market, positioning itself as a leading player in the next few years.
- The company plans to return capital to shareholders through share repurchases, indicating confidence in its financial health and future prospects.
- Automotive product revenue declined year-over-year due to market slowdown and decline in legacy products.
- Enterprise & Automotive product revenue was down 5% on a year-over-year basis, indicating challenges in these segments.
- The video interface products, although improved, are still 40% or more below the normal run rate.
- The BLE (Bluetooth Low Energy) strategy is tracking behind expectations, which could impact future growth projections.
- Cash used in operations was $11.4 million, primarily due to a one-time cash payment related to the onshoring of intellectual property.
Good day, and thank you for standing by. Welcome to Synaptics' first-quarter fiscal year 2025 financial results conference call. (Operator Instructions) Please be advised that today's conference is being recorded. I would now like to turn the conference over to your first speaker today, Munjal Shah, Vice President, Investor Relations. Please go ahead.
Thank you, Kathy. Good afternoon, and thank you, everyone, for joining us today on Synaptics' first quarter fiscal 2025 conference call. My name is Munjal Shah and I'm the Head of Investor Relations. With me on today's call are Michael Hurlston, our President and CEO; and Ken Rizvi, our Chief Financial Officer. This call is also being broadcast live over the web and can be accessed from the Investor Relations section of the company's website at synaptics.com.
In addition to the supplemental slide presentation, we have also posted a copy of these prepared remarks on our Investor Relations website. In addition to the company's GAAP results, management
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
