Synaptics (SYNA) Tops Q2 EPS by 59c, Guides Q3 Revs Above Views

Synaptics (NASDAQ: SYNA) reported Q2 EPS of $2.04, $0.59 better than the analyst estimate of $1.45. Revenue for the quarter came in at $388.3 million versus the consensus estimate of $354.91 million.

“Our December quarter was better than expected due to unusually strong demand for our PC products and from our largest mobile customer during the holiday season,” said Michael Hurlston, president and chief executive officer, Synaptics. “Early efforts to focus our resources on high margin products coupled with greater operational discipline resulted in a record quarter for Non-GAAP net income and EPS. We are making good progress in defining our long-term portfolio and in transforming Synaptics into a company with differentiated franchise businesses that can generate sustainable and profitable growth.”

GUIDANCE:

Synaptics sees Q3 2020 revenue of $330-350 million, versus the consensus of $299.03 million.

For earnings history and earnings-related data on Synaptics (SYNA) click here.

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