Synaptics Incorporated reported its financial results for the fourth quarter and full year of fiscal 2025, ended June 28, 2025, on August 7, 2025. Net revenue for the fourth quarter was $282.8 million. For the full fiscal year 2025, net revenue reached $1.07 billion, representing a 12.0% increase year-over-year.
GAAP net loss for Q4 FY25 was $4.7 million, or $0.12 per basic share, while non-GAAP net income was $39.5 million, or $1.01 per diluted share, exceeding the anticipated $1.00. Core IoT product sales were a significant driver, growing 53% year-over-year for the full fiscal year. Non-GAAP gross margin for fiscal 2025 was 53.6%, up from 53.0% in the prior year.
The Board of Directors approved a new share repurchase program of up to $150 million on August 5, 2025. Gross debt was reduced by 14% to $834.8 million at the end of the fourth quarter. For the first quarter of fiscal 2026, Synaptics provided guidance projecting GAAP revenue of $290 million (±$10 million), implying approximately 13% year-over-year growth, with non-GAAP gross margin expected at 53.5% and non-GAAP EPS at $1.05 (±$0.15).
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