Reports Q1 revenue $237.7M, consensus $231.95M. “Synaptics delivered a solid first quarter of fiscal 2024 with revenue increasing on a sequential basis for the first time in over a year. We are starting to see stabilization in our business and expect recovery in calendar 2024 while we continue to work through excess customer inventories. We are making progress with our long-term initiative to drive growth from our Wireless and Processor products which we highlighted at our Investor Day in September.” said Michael Hurlston, Synaptics’ President and CEO.
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