Synaptics (NASDAQ: SYNA) stock surged 6.92% in the after-hours session on Thursday, following the company's impressive second-quarter fiscal 2025 results and strong guidance for the third quarter.
For the second quarter, Synaptics reported revenue of $267.2 million, beating analysts' consensus estimate of $265.59 million. The company's adjusted earnings per share came in at $0.92, outpacing the $0.86 expected by analysts. This marks the third consecutive quarter of both sequential and year-over-year revenue growth for Synaptics, driven by strong demand for its Core IoT products, which grew 63% year-over-year in the quarter.
Looking ahead to the third quarter of fiscal 2025, Synaptics expects revenue in the range of $265 million, plus or minus $15 million, above the consensus estimate of $253.27 million. The company also guided for an adjusted earnings per share of $0.85, plus or minus $0.20, higher than the consensus estimate of $0.72. Management cited stable to improving trends across its end markets, positioning the company for continued growth.
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