Synaptics Reaffirms Fiscal Q1 2024 Guidance Ahead of Investor Day Presentation
07 Setembro 2023 - 10:00AM
Synaptics Incorporated (Nasdaq: SYNA) today reiterated its previous
guidance for the first quarter of fiscal 2024 that was issued on
August 3, 2023.
As previously announced, the company will host a Financial
Analyst & Investor Day today at The Yale Club in New York City
from 2:00pm to 5:00pm ET.
At the event, the company will discuss its long-term strategy,
product portfolio and growth opportunities in the IoT markets.
Presentations will be made by the following members of the
executive team followed by a live Q&A session:
- Michael Hurlston – President and Chief Executive Officer
- Dean Butler – Chief Financial Officer
- Venkat Kodavati – General Manager, Wireless Products
- Vikram Gupta – General Manager, IoT Processors
- Saleel Awsare – General Manager, Enterprise and Mobile
We invite all interested parties to participate in the live
webcast, which can be accessed at Investor Day 2023.
(https://edge.media-server.com/mmc/p/e6nnz47v). Further, a copy of
the presentation material will be available immediately prior to
the event. A replay of the event will be available for
approximately one year on the Investor Relations section of the
company’s website at https://investor.synaptics.com/.
Business OutlookFor the first quarter of fiscal
2024, the company expects:
|
GAAP |
Non-GAAP Adjustment |
Non-GAAP |
Revenue |
$215M to $245M |
N/A |
N/A |
Gross Margin* |
43.5 percent to 47.5 percent |
$18M |
52.0 percent to 55.0 percent |
Operating Expense** |
$139M to $147M |
$42M to $47M |
$97M to $100M |
*Projected Non-GAAP gross margin excludes $17.0 million of
intangible asset amortization and $1.0 million of share-based
compensation.
**Projected Non-GAAP operating expense excludes $29.0 million to
$31.0 million of share-based compensation, $7.0 million to $10.0
million restructuring costs, and $6.0 million of intangible asset
amortization.
About Synaptics Incorporated: Synaptics
(Nasdaq: SYNA) is changing the way humans engage with connected
devices and data, engineering exceptional experiences throughout
the home, at work, in the car, and on the go. Synaptics is the
partner of choice for the world’s most innovative intelligent
system providers who are integrating multiple experiential
technologies into platforms that make our digital lives more
productive, insightful, secure, and enjoyable. These customers are
combining Synaptics’ differentiated technologies in touch, display,
and biometrics with a new generation of advanced connectivity and
AI-enhanced video, vision, audio, speech, and security processing.
Follow Synaptics on LinkedIn, Twitter, and Facebook, or visit
synaptics.com.
Synaptics and the Synaptics logo are trademarks of Synaptics in
the United States and/or other countries. All other marks are the
property of their respective owners.
Forward-Looking StatementsThis press release
contains forward-looking statements that are subject to the safe
harbors created under the Securities Act of 1933, as amended, and
the Securities Exchange Act of 1934, as amended. Forward-looking
statements give our current expectations and projections relating
to our financial condition, results of operations, plans,
objectives, future performance and business, and can be identified
by the fact that they do not relate strictly to historical or
current facts. Such forward-looking statements may include words
such as “expect,” “anticipate,” “intend,” “believe,” “estimate,”
“plan,” “target,” “strategy,” “continue,” “may,” “will,” “should,”
variations of such words, or other words and terms of similar
meaning. All forward-looking statements reflect our best judgment
and are based on several factors relating to our operations and
business environment, all of which are difficult to predict and
many of which are beyond our control. Such factors include, but are
not limited to, the risk that our business, results of operations
and financial condition and prospects may be materially and
adversely affected by the temporary reduction in demand for our
products resulting from accumulated inventories held by our
customers and channel partners; the risks as identified in the
“Risk Factors,” “Management’s Discussion and Analysis of Financial
Condition and Results of Operations” and “Business” sections of our
most recent Annual Report on Form 10-K; and other risks as
identified from time to time in our Securities and Exchange
Commission reports. Forward-looking statements are based on
information available to us on the date hereof, and we do not have,
and expressly disclaim, any obligation to publicly release any
updates or any changes in our expectations, or any change in
events, conditions, or circumstances on which any forward-looking
statement is based. Our actual results and the timing of certain
events could differ materially from the forward-looking statements.
These forward-looking statements do not reflect the potential
impact of any mergers, acquisitions, or other business combinations
that had not been completed as of the date of this release.
For further information, please contact: Munjal
ShahSynaptics +1-408-518-7639munjal.shah@synaptics.com
Synaptics (NASDAQ:SYNA)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
Synaptics (NASDAQ:SYNA)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024