NASDAQ$SYNA

Synaptics Inc. · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Reported third quarter fiscal 2024 results

Synaptics reported Q3 2024 revenue of $237.3 million, a GAAP net loss of $18.1 million, or a loss of $0.46 per basic share, and a non-GAAP net income of $21.0 million, or $0.53 per diluted share.

  • Revenue of $237.3 million
  • GAAP gross margin of 46.5 percent
  • Non-GAAP gross margin of 52.9 percent
  • Non-GAAP diluted earnings per share of $0.53

Headline financials

Total Revenue

$237M

Previous: $327M-27.3%
EPS

-$0.46

Previous: $1.89-124.3%
Capital Expenditures

-$26.1M

Previous: -$29M+10.0%
Free Cash Flow

-$44.2M

Previous: -$18.6M-137.6%
Net Income

-$18.1M

Previous: $10.4M-274.0%
Operating Income

-$17.4M

Previous: $34.2M-150.9%
Gross Profit

$110M

Previous: $172M-36.0%
Cash & Equivalents

$828M

Previous: $898M-7.8%
Total Assets

$2.54B

Previous: $2.71B-6.4%
R&D Expense

$83.4M

No prior period
Stock-Based Comp

$29.9M

Previous: $29.8M+0.3%

Revenue & EPS history

Synaptics · Revenue · Quarterly

$237M

Q3 2024-27.3%vs Q3 2023
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

For the fourth quarter of fiscal year 2024, the company expects revenue between $230M to $260M, GAAP gross margin between 44.5 percent to 46.5 percent and Non-GAAP gross margin between 52.5 percent to 54.5 percent and Operating Expense between $127M to $132M.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2024

Historical avgQ3 2024

+2.0%

Avg return

Earnings day

+2.2%

Avg return

5 days after

+2.4%

Avg return

30 days after

59%

39 / 66 earnings

Positive

+27.5%

Q1 2020

Best reaction

-21.7%

Q1 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026+18.3%+23.6%+16.0%
Q2 2026+2.2%+3.9%-17.5%
Q1 2026-3.7%-1.5%+13.1%
Q3 2025+0.2%+10.6%+4.6%
Q2 2025-4.7%-4.0%-10.2%
Q1 2025+12.1%+6.6%+11.5%
Q4 2024+6.8%+10.6%+4.8%
Q3 2024-2.3%-1.6%+1.2%
Q2 2024+3.8%+0.1%-0.5%
Q4 2023+2.9%+6.3%+1.0%
Q3 2023-16.6%-13.9%-7.3%
Q2 2023-5.9%-2.0%-10.2%
Q1 2023+2.4%+11.1%+19.3%
Q4 2022-2.3%-13.7%-24.3%
Q3 2022-6.7%-11.1%-14.7%
Q2 2022-5.0%-2.0%-1.4%
Q1 2022+15.4%+17.8%+29.7%
Q4 2021+17.0%+17.6%+30.4%
Q3 2021-2.6%-7.6%+1.9%
Q2 2021+13.2%+16.8%+25.7%
Q1 2021+5.9%+0.8%+4.6%
Q4 2020+8.9%+5.1%+1.2%
Q3 2020+1.7%-1.6%+9.0%
Q2 2020+20.6%+16.4%-3.1%
Q1 2020+27.5%+29.2%+25.9%
Q4 2019+6.6%+7.5%+10.8%
Q3 2019-5.7%-3.6%-16.6%
Q2 2019+0.4%-1.7%+0.3%
Q1 2019+2.3%-1.9%+3.6%
Q4 2018-13.1%-3.4%-3.7%
Q3 2018-0.0%-7.6%+3.4%
Q2 2018+7.3%+8.1%+18.6%
Q1 2018+17.3%+10.0%-1.0%
Q4 2017-12.0%-17.4%-20.1%
Q3 2017+4.3%+2.3%+5.1%
Q2 2017-9.2%-5.8%-7.2%
Q1 2017-21.7%-20.5%-18.1%
Q4 2016-3.1%-0.5%+3.8%
Q3 2016-16.7%
Q2 2016+9.4%
Q1 2016+5.4%
Q4 2015-0.6%
Q3 2015-4.3%
Q2 2015+14.6%
Q1 2015-16.0%
Q4 2014+2.9%
Q3 2014-4.5%
Q2 2014+5.8%
Q1 2014-14.5%
Q4 2013+1.8%
Q3 2013+6.2%
Q2 2013+11.7%
Q1 2013+5.9%
Q4 2012+11.1%
Q3 2012-5.9%
Q2 2012+1.9%
Q1 2012-1.9%
Q4 2011+7.8%
Q4 2009+7.8%
Q3 2010-1.6%
Q3 2011-1.6%
Q2 2011-0.4%
Q1 2010+7.1%
Q1 2011+7.1%
Q2 2010+7.1%
Q4 2010+7.1%

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