Synaptics Inc Q1 2022 Earnings Call Transcript - Thomson StreetEvents

Synaptics Inc Q1 2022 Earnings Call Transcript

Synaptics Inc Q1 2022 Earnings Call Transcript - Thomson StreetEvents
Synaptics Inc Q1 2022 Earnings Call Transcript
Published Nov 04, 2021
10 pages (6212 words) — Published Nov 04, 2021
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Abstract:

Edited Transcript of SYNA.OQ earnings conference call or presentation 4-Nov-21 9:00pm GMT

  
Brief Excerpt:

...Thanks, Munjal. I'd like to welcome everyone to today's call. We had a great start to our fiscal year 2022, and I'm pleased with what we were able to achieve in the last 3 months. Revenue for the September quarter was above the midpoint of our guidance, driven by continued growth in our IoT products. Our mix of IoT revenue improved again, resulting in record GAAP and non-GAAP gross margin. Higher revenue and gross margin in turn drove our non-GAAP operating margin and non-GAAP EPS to record levels in the quarter. Two factors are contributing to this success: first, we are working with Tier 1 customers whose products are generally exceeding market expectations. In our existing customer base, we've been able to cross-sell multiple product lines, increasing our content, improve our mix and shift ASPs upward by delivering higher performance and more integrated solutions. Second, we have had success selling into totally new customers. We saw several new ramps in the quarter, which had meaningful...

  
Report Type:

Transcript

Source:
Company:
Synaptics Inc
Ticker
SYNA.OQ
Time
9:00pm GMT
Format:
PDF Adobe Acrobat
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MLA:
Thomson StreetEvents. "Synaptics Inc Q1 2022 Earnings Call Transcript" Nov 04, 2021. Alacra Store. May 14, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q1-2022-Synaptics-Inc-Earnings-Call-T15004942>
  
APA:
Thomson StreetEvents. (2021). Synaptics Inc Q1 2022 Earnings Call Transcript Nov 04, 2021. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q1-2022-Synaptics-Inc-Earnings-Call-T15004942>
  
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