Flexible Electronics News

Synaptics Reports Results for 1Q Fiscal 2020

Net revenue for the first quarter of fiscal 2020 was up 15% sequentially to $339.9 million.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Synaptics Incorporated reported financial results for its first fiscal quarter ended Sept. 28, 2019. Net revenue for the first quarter of fiscal 2020 was up 15% sequentially to $339.9 million and exceeded the guidance the company provided last quarter. GAAP net income for the first quarter of fiscal 2020 was $4 million, or $0.12 per diluted share. Non-GAAP net income for the first quarter of fiscal 2020 increased $27.7 million sequentially to $41 million, or $1.22 per diluted share. “Our Septe...

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