Synaptics Reports Q1 Non-GAAP EPS Beat Amid Revenue Miss
Synaptics (SYNA) reported first-quarter financial results featuring a slight beat on earnings per share, with non-GAAP EPS reaching $1.26, surpassing analyst expectations by $0.01. However, the company missed revenue targets, reporting $294 million compared to higher anticipated figures, representing a marginal year-over-year growth of 0.5%. The results arrive amidst significant market speculation regarding potential M&A activity involving Synaptics. Reports suggest that Onsemi has revised its deal terms and that Cirrus Logic may have also submitted rival bids for the company, driven by interest in AI-related tailwinds.
