Slide 1: Fourth Quarter Fiscal 2024 Earnings Supplemental Slides
Fourth Quarter Fiscal 2024 Earnings SUPPLEMENTAL SLIDES AUGUST 8, 2024
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, and the Securities Exchange Act of 1934, as amended. Forward-looking statements give our current expectations and projections relatin
Slide 3: High-Performance IoT Semiconductor Solutions Leader
High-Performance IoT Semiconductor Solutions Leader Analog Mixed Signal Core IoT Product Strong Margin Revenue Semiconductors Applications Profile Broad Product Targeting $33B Non-GAAP Gross Q4’24 Revenue Portfolio SAM in FY28 Margin 53.4% in Q4’24 up 9% YoY ___________________________ Note: As-repo
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 © 2024 Synaptics Incorporated 4
Slide 5: Q4'FY24 Financial Highlights
Q4’FY24 Financial Highlights • Revenue of $247 million, up 9% YoY • Revenue was up 4% QoQ. Growth in Core IoT and Enterprise & Automotive was offset by seasonal decline $49 in Mobile $54 • Non-GAAP Gross Margin improved 50bps sequentially in Q4 Q4’FY24 – GAAP gross margin of 45.8% Revenue $247M – No
Slide 6: Q4'FY24 Business Highlights
Q4’FY24 Business Highlights • Taped out Broad Markets wireless device that is significantly cost-effective and power efficient • Wins in mid-board and camera module platforms at a major customer for user presence detect solutions • Started sampling our smart MCUs as well as our first Astra Connected
Slide 7: Quarterly Revenue Trend
Quarterly Revenue Trend Total Revenue ($M) Core IoT Revenue Mix 25% $247 22% 20% 20% $238 $237 16% $237 16% 15% 15% $227 10% 5% 0% Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Note: As-reported, not proforma for any acquisition/divestiture activity over this timeframe Prior period is
Slide 8: Quarterly Gross Margin Trend
Quarterly Gross Margin Trend Non-GAAP Gross Margin GAAP Gross Margin 46.5% 46.0% 45.8% 55.7% 45.1% 44.5% 53.0% 52.9% 53.4% 52.5% Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Note: As-reported, not proforma for any acquisition/divestiture activity over this timeframe See the tables at
Slide 9: Q4'FY24 Financial Results
Q4’FY24 Financial Results $M (except EPS) Q4’23 Q3’24 Q4’24 QoQ YoY Revenue $227.3 $237.3 $247.4 4.3% 9% GAAP Gross Margin % 44.5% 46.5% 45.8% -70 bps 130 bps GAAP Operating Expenses $139.2 $127.7 $144.5 13% 4% GAAP EPS ($0.59) ($0.46) $5.22 1235% 985% Non-GAAP Gross Margin % 55.7% 52.9% 53.4% 50 bp
Slide 10: Q4'FY24 Balance Sheet
Q4’FY24 Balance Sheet In Millions Q4’23 Q3’24 Q4’24 Cash & ST Investments $934.3 $828.6 $876.9 AR $163.9 $144.7 $142.4 Inventory $137.2 $114.1 $114.0 PP&E $66.4 $74.0 $75.5 Other $1,309.6 $1,378.3 $1,616.2 Total Assets $2,611.4 $2,539.7 $2,825.0 Current Liabilities (excluding debt) $254.1 $204.9 $27
Slide 11: Q1'FY25 Guidance
Q1’FY25 Guidance $M (except EPS) GAAP Non-GAAP Revenue $255M ± $15M NA Gross Margin* 45.0% ± 1.5% 53.5% ± 1.0% Operating Expenses** $135M ± $4.0M $96.0M ± $2M EPS*** ($0.55) ± $0.20 $0.75 ± $0.20 Revenue mix Core IoT 23% NA Enterprise & Auto 58% NA Mobile 19% NA *Projected Non-GAAP gross margin excl
Slide 12: Appendix
Appendix
Slide 13: GAAP to Non-GAAP Reconciliation Tables
GAAP to Non-GAAP Reconciliation Tables Q4'24 Q3'24 Q2'24 Q1'24 Q4'23 Q3'23 Q2'23 Q1'23 Actual Actual Actual Actual Actual Actual Actual Actual GAAP gross margin $ 113.4 $ 110.3 $ 109.0 $ 107.1 $ 101.2 $ 172.3 $ 186.7 $ 255.7 Acquisition related costs 17.8 14.3 14.4 17.8 24.5 23.7 23.3 23.5 Share-bas
Slide 14: GAAP to Non-GAAP Reconciliation Tables - continued
GAAP to Non-GAAP Reconciliation Tables - continued Q4'24 Q3'24 Q2'24 Q1'24 Q4'23 Q3'23 Q2'23 Q1'23 Actual Actual Actual Actual Actual Actual Actual Actual GAAP net income (loss) $ 208.3 $ (18.1) $ (9.0) $ (55.6) $ (23.4) $ 10.4 $ 22.0 $ 64.6 Acquisition & transaction/integration related costs 21.7 1
Slide 15: Engineering Exceptional Experiences
Engineering Exceptional Experiences © 2024 Synaptics Incorporated 15