SYNAPTICS Inc, a leading developer of human interface solutions, has released its Form 10-Q report for the first quarter of fiscal year 2024. The report provides a comprehensive overview of the company's financial performance and operational highlights, showcasing significant improvements in key metrics and strategic business initiatives. Financial Highlights Net Revenue: SYNAPTICS Inc reported net revenue of $267.2 million, marking a 12.7% increase compared to the same period last year. This growth was primarily driven by the company's Core IoT and Enterprise and Automotive product applications. Gross Margin: The gross margin for the quarter was $122.2 million, representing 45.7% of net revenue. Although this reflects a slight decrease in percentage terms compared to the previous year, the company maintained a strong gross margin.