Synaptics reports Q2 non-GAAP EPS $1.21, consensus $1.15

Reports Q2 revenue $302.5M, consensus $300.31M. “We delivered another strong quarter, with Core IoT product sales increasing 53% year-over-year, driving total revenue up 13% year-over-year and supporting GAAP and non-GAAP operating margin expansion. The accelerating shift toward physical and edge AI aligns well with our differentiated portfolio of processors, wireless connectivity, and sensing technologies. These trends are creating opportunities to expand into new markets in areas such as robotics, where we are sampling our solutions in humanoids. We believe we are well positioned to capture these opportunities and drive long-term, sustainable growth,” said CEO Rahul Patel.