Slide 1: Fourth Quarter Fiscal 2025 Earnings Supplemental Slides
Fourth Quarter Fiscal 2025 Earnings Supplemental Slides August 7, 2025 © 2025 Synaptics Incorporated 1
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation contains forward-looking statements that are subject to the safe harbor provisions under the Private Securities Litigation Reform Act of 1995 and the Federal Securities laws. Such forward-looking statements include words such as “expect,” “anticipate,” “intend
Slide 3: A Strong Finish to FY2025
A Strong Finish to FY2025 Even Stronger Momentum Ahead Fueled by Core IoT Total Core IoT Revenue Revenue Growth Revenue Growth Q4 2025 Q4 2025 Q4 2025 Revenue $ 282.8M YoY Growth 14% YoY 55% FY 2025 FY 2025 FY 2025 Revenue $ 1.074B YoY Growth 12% YoY 53% © 2024©Synaptics Incorporated 2025 Synaptics
Slide 4: High-Performance Semiconductor Solutions Leader
High-Performance Semiconductor Solutions Leader Core IoT Product Broad Product Portfolio Revenue Strong Margin Profile Applications Analog Mixed-Signal FY25 Revenue FY25 Non-GAAP FY25 Core IoT Revenue Multi-Core Processors up 12% YoY Gross Margin 53.6% Grew 53% YoY Wireless Connectivity Q4’25 Revenu
Slide 5: Technology Leadership Across The Product Portfolio
Technology Leadership Across The Product Portfolio Core IoT Applications Enterprise & Automotive Mobile Touch PC Touchpad/ Wireless Video Interface Biometric Fingerprint Processors Enterprise Telephony Automotive © 2024©Synaptics Incorporated 2025 Synaptics Incorporated Strictly Confidential 5 5
Slide 6: Q4'FY25 Financial Highlights
Q4’FY25 Financial Highlights • Revenue of $283 million, up 14% YoY Mobile • Core IoT revenue increased 55% YoY and 25% sequential QoQ $49 Core IoT $49 $84 • Non-GAAP gross margins were at the mid-point of guidance $84 – GAAP gross margin of 43.0% Q4’FY25 – Non-GAAP gross margin of 53.5% Revenue • GA
Slide 7: Solid Fiscal 2025 YoY Growth
Solid Fiscal 2025 YoY Growth Revenue Core IoT Revenue Non-GAAP EPS $1,074 $3.62 $272 $959 $178 $2.25 FY24 FY25 FY24 FY25 FY24 FY25 Revenue up 12% YoY Core IoT revenue increased 53% Non-GAAP EPS growth of 61%(1) Note: As-reported Q4 fiscal year 2025, not pro forma for any acquisition/divestiture acti
Slide 8: Q4'FY25 Business Highlights
Q4’FY25 Business Highlights • Taped out Synaptics’ first ground-up Astra SoC solution featuring neural processor for Smart Factory Smart Home AI inference • Marquee Astra processor design win with a leading audio OEM • Wi-Fi 7 design pipeline continues to grow at a solid pace Smart Enterprise Smart
Slide 9: Quarterly Revenue Trend
Quarterly Revenue Trend Total Revenue ($M) Core IoT Revenue Mix $283 30% 25% $267 $267 23% 23% 22% $258 $247 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Note: As-reported, not pro forma for any acquisition/divestiture activity over this timeframe © 2024©Synaptics Incorporated 2025 Sy
Slide 10: Quarterly Gross Margin Trend
Quarterly Gross Margin Trend Non-GAAP Gross Margin(1) GAAP Gross Margin 53.4% 53.9% 53.6% 53.5% 53.5% 46.9% 45.8% 45.7% 43.4% 43.0% Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Note: As-reported, not proforma for any acquisition/divestiture activity over this timeframe (1)Non-GAAP gro
Slide 11: Fiscal 2025 Financial Results
Fiscal 2025 Financial Results $M (except percentages & EPS) FY'24 FY'25 YoY Revenue $959.4 $1,074.3 12% GAAP Gross Margin % 45.8% 44.7% -110 bps GAAP Operating Expenses $541.4 $574.5 6% GAAP Operating Margin % -10.6% -8.8% 180 bps GAAP EPS $3.16 ($1.22) (139%) Non-GAAP Gross Margin % 53.0% 53.6% 60
Slide 12: Q4'FY25 Financial Results
Q4’FY25 Financial Results $M (except percentages & EPS) Q4'24 Q3'25 Q4'25 QoQ YoY Revenue $247.4 $266.6 $282.8 6% 14% GAAP Gross Margin % 45.8% 43.4% 43.0% -40 bps -280 bps GAAP Operating Expenses $144.5 $142.1 $145.7 3% 1% GAAP Operating Margin % -12.6% -9.9% -8.5% 140 bps 410 bps GAAP EPS $5.22 ($
Slide 13: Q4'FY25 Balance Sheet
Q4’FY25 Balance Sheet In Millions Q4’24 Q3’25 Q4’25 Cash & ST Investments $876.9 $421.4 $452.5 AR $142.4 $132.0 $130.3 Inventory $114.0 $132.9 $139.5 PP&E $75.5 $71.0 $72.1 Other $1,616.2 $1,797.0 $1,790.0 Total Assets $2,825.0 $2,554.3 $2,584.4 Current Liabilities (excluding debt) $271.2 $247.5 $27
Slide 14: Q1'FY26 Guidance
Q1’FY26 Guidance $M (except EPS) GAAP Non-GAAP Revenue $290M ± $10M $290M ± $10M Gross Margin* 42.5% ± 2.0% 53.5% ± 1.0% Operating Expenses** $147M ± $4M $105M ± $2M EPS*** ($0.54) ± $0.25 $1.05 ± $0.15 Revenue mix Core IoT 32% 32% Enterprise & Auto 53% 53% Mobile 15% 15% *Projected Non-GAAP gross m
Slide 15: Appendix
Fourth Quarter Fiscal 2025 Earnings Appendix © 2025 Synaptics Incorporated 15
Slide 16: GAAP to Non-GAAP Reconciliation Tables
GAAP to Non-GAAP Reconciliation Tables Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24 Actual Actual Actual Actual Actual Actual Actual Actual GAAP gross margin $ 121.5 $ 115.8 $ 122.2 $ 120.9 $ 113.4 $ 110.3 $ 109.0 $ 107.1 Acquisition & integration related costs 29.4 26.6 20.8 20.8 17.8 14.3 14.4
Slide 17: GAAP to Non-GAAP Reconciliation Tables - continued
GAAP to Non-GAAP Reconciliation Tables - continued Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24 Actual Actual Actual Actual Actual Actual Actual Actual GAAP net income (loss) $ (4.7) $ (21.8) $ 1.8 $ (23.1) $ 208.3 $ (18.1) $ (9.0) $ (55.6) Acquisition & integration related costs 35.8 32.8 26.0 2