Synaptics Raises Fiscal Fourth Quarter Outlook; To Announce Fourth Quarter and
Fiscal 2013 Results on August 1, 2013
SAN JOSE, Calif., June 25, 2013
SAN JOSE, Calif., June 25, 2013 /PRNewswire/ --Synaptics (NASDAQ: SYNA), a
leading developer of human interface solutions, today raised its outlook for
the fourth quarter ending June 30, 2013.
Synaptics expects to report net revenue in the range of $227 million to $230
million for the fourth quarter of fiscal 2013, an increase at the mid-point of
approximately 66% year-over-year and 40% sequentially. The expected net
revenue range exceeds the high end of the previously provided outlook of $190
million to $205 million. Gross margin for the fourth quarter of fiscal 2013 is
expected to be approximately 50%.
The Company's updated outlook is being driven by higher than expected revenue
from mobile products, reflecting strong demand from a broad range of
leading-edge designs across multiple mobile customers.
Fourth Quarter 2013 Financial Results and Conference Call Information
The anticipated results in this press release are based on management's
preliminary analysis of operations for the quarter ending June 30, 2013. The
company will release and discuss full fourth quarter results on Thursday,
August 1, 2013, after the close of market. The company will host a
corresponding conference call for analysts and investors at 2:00 p.m. PT (5:00
p.m. ET), during which management may discuss forward-looking information.
To participate on the live call, analysts and investors should dial
1-877-941-1427. Synaptics will also offer a live and archived webcast of the
conference call, accessible from the "Investor Relations" section of the
company's Web site (http://investor.shareholder.com/synaptics/). A telephonic
replay of the conference call will also be available until 8:59 pm PT on
Monday, August 5, 2013 by dialing 1-800-406-7325 and entering the passcode:
About Synaptics Incorporated
As a leading developer of human interface solutions which enhance the user
experience, Synaptics provides the broadest touch solutions portfolio in the
industry. The ClearPad™ family supports touchscreen solutions for devices
ranging from entry-level mobile phones to flagship premium smartphones,
tablets, and notebook PCs. The TouchPad™ family, including ClickPad™ and
ForcePad™, is integrated into the majority of today's notebook PCs.
Synaptics' wide portfolio also includes ThinTouch™, supporting thin and light
keyboard solutions, as well as key technologies for next generation
touch-enabled video and display applications.
(NASDAQ: SYNA) www.synaptics.com
Synaptics, ClearPad, TouchPad, ClickPad, ForcePad, ThinTouch, and the
Synaptics logo are trademarks of Synaptics in the United States and/or other
countries. All other marks are the property of their respective owners.
This press release contains "forward-looking" statements about Synaptics, as
that term is defined under the federal securities laws. Synaptics intends
such forward-looking statements to be subject to the safe harbor created by
those laws. Such forward-looking statements include, but are not limited to,
statements regarding Synaptics' anticipated net revenue for the June quarter
and revenue growth both year-over-year and sequentially; gross margin for the
June quarter; and the company's updated outlook being driven by higher than
expected revenue from mobile products, reflecting strong demand from a broad
range of leading-edge designs across multiple mobile customers. Synaptics
cautions that these statements are qualified by important factors that could
cause actual results to differ materially from those reflected by the
forward-looking statements contained herein. Such factors include, but are
not limited to, (a) demand for Synaptics' products, (b) market demand for
OEMs' products using Synaptics' solutions, (c) changing market demand trends
in the markets Synaptics serves, (d) the success of Synaptics' customers'
products that utilize Synaptics' product solutions, (e) the development and
launch cycles of Synaptics' customers' products, (f) market pressures on
selling prices, (g) changes in product mix, (h) the market acceptance of
Synaptics' product solutions compared with competitors' solutions, (i) general
economic conditions, including consumer confidence and demand, and (j) other
risks as identified from time to time in Synaptics' SEC reports, including
Quarterly Reports on Form 10-Q and the Annual Report on Form 10-K for the
fiscal year ended June 30, 2012. All forward-looking statements are based on
information available to Synaptics on the date hereof, and Synaptics assumes
no obligation to update such statements.
For more information contact:
The Blueshirt Group
Text 100 Public Relations
SOURCE Synaptics Incorporated
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