Slide 1: Third Quarter Fiscal 2025 Earnings Supplemental Slides
Third Quarter Fiscal 2025 Earnings Supplemental Slides May 8, 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 High-Performance IoT Semiconductor Solutions Leader
A High-Performance IoT Semiconductor Solutions Leader Analog Mixed Signal Core IoT Product Strong Margin Revenue Semiconductors Applications Profile Broad Product Targeting $30B+ Non-GAAP Gross Q3’25 Revenue Portfolio SAM in FY28 Margin 53.5% in Q3’25(1) up 12% YoY ___________________________ Note:
Slide 4: Technology Leadership Across The Product Portfolio
Technology Leadership Across The Product Portfolio Core IoT Product Enterprise & Automotive Mobile Applications PC Touchpad / Wireless Video Interface Biometric Fingerprint Touch Processors Enterprise Telephony Automotive © 2025 © 2024 Synaptics Synaptics Incorporated Incorporated 4 4
Slide 5: Q3'FY25 Financial Highlights
Q3’FY25 Financial Highlights • Revenue of $267 million, up 12% YoY • Core IoT revenue increased 43% YoY and 11% QoQ $45 • Non-GAAP gross margins were at the mid-point of guide $68 – GAAP gross margin of 43.4% Q3’FY25 – Non-GAAP gross margin of 53.5% Revenue • GAAP loss per share of $0.56 $267M • Non
Slide 6: Solid YoY Growth
Solid YoY Growth • Revenue up 12% YoY • Core IoT revenue increased 43% • Non-GAAP EPS growth of 70%(1) Revenue Core IoT Revenue Non-GAAP EPS(1) $0.90 $267 $68 12% YoY 70% YoY 43% YoY $237 $47 $0.53 Q3'24 Q3'25 Q3'24 Q3'25 Q3'24 Q3'25 (1) Non-GAAP EPS is a non-GAAP measure. For a reconciliation to th
Slide 7: Q3'FY25 Business Highlights
Q3’FY25 Business Highlights • Introduced Wi-Fi 7 devices for IoT applications • Launched broad markets wireless connectivity chips • Expanded Astra Edge AI portfolio with the introduction of high-performance adaptive MCUs • Unveiled next-generation Touch controller architecture for foldable phones a
Slide 8: Quarterly Revenue Trend
Quarterly Revenue Trend Total Revenue ($M) Core IoT Revenue Mix $267 $267 25% 23% 23% $258 22% 20% $247 $237 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Note: As-reported, not pro forma for any acquisition/divestiture activity over this timeframe © 2025 © 2024 Synaptics Synaptics Inc
Slide 9: Quarterly Gross Margin Trend
Quarterly Gross Margin Trend Non-GAAP Gross Margin(1) GAAP Gross Margin 53.9% 53.6% 53.4% 53.5% 52.9% 46.5% 46.9% 45.8% 45.7% 43.4% Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Note: As-reported, not proforma for any acquisition/divestiture activity over this timeframe (1)Non-GAAP gro
Slide 10: Q3'FY25 Financial Results
Q3’FY25 Financial Results $M (except percentages & EPS) Q3'24 Q2'25 Q3'25 QoQ YoY Revenue $237.3 $267.2 $266.6 (0%) 12% GAAP Gross Margin % 46.5% 45.7% 43.4% -230 bps -310 bps GAAP Operating Expenses $127.7 $137.4 $142.1 3% 11% GAAP Operating Margin % -7.3% -5.7% -9.9% -418 bps -253 bps GAAP EPS ($0
Slide 11: Q3'FY25 Balance Sheet
Q3’FY25 Balance Sheet In Millions Q4’24 Q2’25 Q3’25 Cash & ST Investments $876.9 $596.1 $421.4 AR $142.4 $146.5 $132.0 Inventory $114.0 $119.5 $132.9 PP&E $75.5 $75.3 $71.0 Other $1,616.2 $1,590.1 $1,797.0 Total Assets $2,825.0 $2,527.5 $2,554.3 Current Liabilities (excluding debt) $271.2 $229.8 $24
Slide 12: Q4'FY25 Guidance
Q4’FY25 Guidance $M (except EPS) GAAP Non-GAAP Revenue $280M ± $15M $280M ± $15M Gross Margin* 42.5% ± 2.0% 53.5% ± 1.0% Operating Expenses** $150M ± $4M $103M ± $2M EPS*** ($0.68) ± $0.30 $1.00 ± $0.20 Revenue mix Core IoT 30% 30% Enterprise & Auto 54% 54% Mobile 16% 16% *Projected Non-GAAP gross m
Slide 13: Appendix
Appendix © 2025 Synaptics Incorporated 13
Slide 14: GAAP to Non-GAAP Reconciliation Tables
GAAP to Non-GAAP Reconciliation Tables © 2025 © 2024 Synaptics Synaptics Incorporated Incorporated 14 14
Slide 15: GAAP to Non-GAAP Reconciliation Tables - continued
GAAP to Non-GAAP Reconciliation Tables - continued © 2025 © 2024 Synaptics Synaptics Incorporated Incorporated 15 15
Slide 16: Economic dilutive impact of a Convertible and Capped call
Economic dilutive impact of a Convertible and Capped call Dilution from (Accretion) from Stock Price Convertible (mm) Capped Call (mm) Net Dilution (mm) $75.24 0 0 0 $80.00 0 0 0 $90.00 0 0 0 $100.00 0.0 -0.0 0 $110.00 0.4 -0.4 0 $120.00 0.8 -0.8 0 $130.00 1.1 -1.1 0 $140.00 1.3 -1.3 0 $150.00 1.5 -