Synaptics Reports Massive 63% IoT Growth, Strategic Broadcom Partnership Fuels AI Expansion

Synaptics (SYNA) reported its Q2 fiscal 2025 financial results with revenue of $267.2 million. The company achieved GAAP gross margin of 45.7% and non-GAAP gross margin of 53.6%. GAAP diluted earnings per share reached $0.05, while non-GAAP diluted EPS was $0.92.

Key highlights include signing a new agreement with Broadcom to accelerate Edge AI strategy and the repurchase of approximately one million shares for $74.5 million. The company…