Slide 1: Third Quarter Fiscal 2021 Earnings Supplemental Slides
Third Quarter Fiscal 2021 Earnings Supplemental Slides May 6, 2021
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933, as amended (the “Securities Act”), and the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements give our
Slide 3: Q3FY21 Highlights
Q3FY21 Highlights Financial Highlights • Revenue at the midpoint of guidance range • Record non-GAAP gross margin – Non-GAAP gross margin above the high-end of guidance range; seven sequential quarters of gross margin improvement • Non-GAAP net income and EPS at the high-end of guidance range • Reco
Slide 4: Q3FY21 Financial Results
Q3FY21 Financial Results Year over Year Year over Year Q3’20 Q1’19 Q3’21 Q1’18 $M (except EPS) Actual Actual Actual Actual Delta$ $ Delta Delta Delta %% Revenue $328.1 $325.8 ($2.3) (1%) GAAP Net Income $5.0 $13.8 $8.8 176% GAAP EPS Diluted $0.14 $0.35 $0.21 150% Non-GAAP Net Income $52.3 $79.3 $27.
Slide 5: Q3FY20 and Q3FY21 Results vs Q3FY21 Guidance
Q3FY20 and Q3FY21 Results vs Q3FY21 Guidance Q3’20 Q3’21 Q3’21 $M (except EPS) Actual Actual Guidance Revenue $328.1 $325.8 $310M - $340M Non-GAAP Gross Margin % 44.1% 55.1% 51.5% - 53.5% Non-GAAP Op Expenses $86.7 $87.4 $86M - $89M Non-GAAP EPS $1.49 $2.03 $1.75 - $2.05 GAAP Gross Margin % 41.3% 47
Slide 6: Q3FY21 Cash & Debt
Q3FY21 Cash & Debt $ Millions • Debt amounts presented above are as of the end of each quarter presented and represent the balances due to third parties and exclude discount & debt issuance cost adjustments as presented on our balance sheet. © 2021 Synaptics Incorporated 6
Slide 7: Q3FY21 Balance Sheet
Q3FY21 Balance Sheet Q1’21 Q2’21 Q3’21 Q3’21 In Millions Actual Actual Actual vs Q2’21 Cash & ST Investments $243.9 $316.9 $756.2 $439.3 AR $227.8 $249.3 $233.7 ($15.6) Inventory $114.6 $73.1 $69.3 ($3.8) PP&E $90.5 $93.6 $95.3 $1.7 Other $1,098.1 $1,059.3 $1,026.5 ($32.8) Total Assets $1,774.9 $1,7
Slide 8: Q4FY21 Guidance
Q4FY21 Guidance Q4’20 Q3’21 Q4’21 $M (except EPS) Actual Actual Guidance Revenue $277.6 $325.8 $310M - $340M Non-GAAP Gross Margin % 46.9% 55.1% 55.5% - 57.5% Non-GAAP Op Expenses $79.8 $87.4 $86M - $89M Non-GAAP EPS $1.24 $2.03 $1.85 - $2.15 GAAP Gross Margin % 43.9% 47.7% 50.0% - 52.0% GAAP Op Exp
Slide 9: Revenue Trend
Revenue Trend Guidance Mid-Point $ Millions © 2021 Synaptics Incorporated 9
Slide 10: Non-GAAP Net Income & EPS Fiscal Quarter Trend
Non-GAAP Net Income & EPS Fiscal Quarter Trend Guidance Mid-Point See the tables at the end of this presentation for a reconciliation of GAAP results to non-GAAP financial measures © 2021 Synaptics Incorporated 10
Slide 11: GAAP to Non-GAAP Reconciliation Tables
GAAP to Non-GAAP Reconciliation Tables Q3'21 Q2'21 Q1'21 Q4'20 Q3'20 Q2'20 Actual Actual Actual Actual Actual Actual GAAP gross margin $ 155.5 $ 150.4 $ 134.5 $ 122.0 $ 135.6 $ 159.3 Acquisition related costs 23.2 34.8 28.5 8.1 8.1 8.2 Recovery on supply commitment - - (0.6) - - (1.8) Share-based co
Slide 12: GAAP to Non-GAAP Reconciliation Tables - continued
GAAP to Non-GAAP Reconciliation Tables - continued Q3'21 Q2'21 Q1'21 Q4'20 Q3'20 Q2'20 Actual Actual Actual Actual Actual Actual GAAP net income/(loss) $ 13.8 $ 49.6 $ (2.8) $ 90.0 $ 5.0 $ 19.8 Recovery on supply commitment - - (0.6) - - (1.8) Acquisition/divestiture & integration related costs 31.9
Slide 13: Synaptics
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