Slide 1: Second Quarter Fiscal 2022 Earnings Supplemental Slides
Second Quarter Fiscal 2022 Earnings SUPPLEMENTAL SLIDES FEBRUARY 3, 2022
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: Q2'FY22 Financial Highlights
Q2’FY22 Financial Highlights • Revenue of $421 million, at midpoint of updated guidance range and up +18% YoY and +13% QoQ • IoT Revenue reached a milestone of $1 billion annual run-rate • Record GAAP and non-GAAP gross margin – GAAP gross margin of 53.5% – Non-GAAP gross margin of 59.5%, up 150 bas
Slide 4: Q2'FY22 Business Highlights
Q2’FY22 Business Highlights • IoT products continue to grow rapidly; up 60% year-over-year $76 • Achieved $100M revenue run-rate in Automotive two-quarters ahead of plan Q2’FY22 • Taped-out new Wireless products based on our $421M IoT organic internal efforts $83 $261 62% • Announced wireless dockin
Slide 5: Q2'FY22 Financial Results
Q2’FY22 Financial Results $M (except EPS) Q1’21 Q2’21 Q4’21 Q1’22 Q1’22 Q2’22 QoQ YoY Revenue $328.4 $357.6 $327.8 $372.7 $372.7 $420.5 13.7% 12.8% 13.5% 17.6% GAAP Gross Margin % 41.0% 42.1% 52.1% 53.2% 53.2% 53.5% 110bps 30bps 1220bps 1140bps GAAP Operating Expenses $128.5 $91.9 $119.9 $137.5 $137
Slide 6: Q3'FY22 Guidance
Q3’FY22 Guidance $M (except EPS) GAAP Non-GAAP Revenue $390M - $480M $450M $420M $390M - $480M $450M $420M Gross Margin % 54.0% - 53.5% 52.5% 55.0% 59.5% 58.5%-59.5% 60.5% Operating Expenses $134M - $166M $158M $159M $141M $165M $104M $90M - $108M $93M EPS $1.25 - $1.55 $1.65 $2.90 - $3.70 $3.40 $3.
Slide 7: Q2'FY22 Balance Sheet
Q2’FY22 Balance Sheet In Millions Q4’21 Q1’22 Q2’22 Cash & ST Investments $836.3 $347.3 $573.9 AR $228.3 $269.7 $312.2 Inventory $82.0 $88.7 $133.3 PP&E $91.2 $92.1 $56.9 Other $989.0 $984.4 $1,491.1 Total Assets $2,226.8 $1,782.2 $2,567.4 Current Liabilities (excluding debt) $299.6 $303.5 $365.2 De
Slide 8: Revenue Trend
Revenue Trend Guidance Mid-Point $465 $421 63% $358 $373 $328 $326 $ millions 45% Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Total Revenue IoT Revenue as a % of Total © 2022 Synaptics Incorporated 8
Slide 9: Non-GAAP Net Income & EPS Fiscal Quarter Trend
Non-GAAP Net Income & EPS Fiscal Quarter Trend Guidance Mid-Point $3.55 $3.26 $2.68 $2.30 $2.18 $2.03 $ millions $146 $133 $109 $84 $79 $87 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Non-GAAP Net Income Non-GAAP EPS See the tables at the end of this presentation for a reconciliation of GAAP results to non-
Slide 10: Appendix
Appendix
Slide 11: Synaptics Product Applications
Synaptics Product Applications Smart Security Smart Home Smart Workplace Smart Health Smart Audio Note: Images are intended to illustrate product application types only and are not necessarily reflective of the actual products and brand into which Synaptics products are integrated. © 2022 Synaptics
Slide 12: Engineering Exceptional Experiences
Engineering Exceptional Experiences © 2022 Synaptics Incorporated 12
Slide 13: GAAP to Non-GAAP Reconciliation Tables
GAAP to Non-GAAP Reconciliation Tables © 2022 Synaptics Incorporated 13
Slide 14: GAAP to Non-GAAP Reconciliation Tables - continued
GAAP to Non-GAAP Reconciliation Tables - continued © 2022 Synaptics Incorporated 14