Flexible Electronics News

Synaptics Reports Results for 2Q 2016

Record December quarter revenue of $471 million, December quarter non-GAAP EPS of $1.60.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Synaptics reported financial results for its second quarter ended Dec. 31, 2015. Net revenue for the second quarter of fiscal 2016 increased 2% compared to the comparable quarter last year to $470.5 million. Net income for the second quarter of fiscal 2016 was $35.0 million, or $0.93 per diluted share. Non-GAAP net income for the first quarter of fiscal 2016 grew 9% over the prior year period to $60.3 million, or $1.60 per diluted share. “We are pleased to report record second quarter reve...

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