Stay-at-Home Mandates Drove Synaptics PC Business to Record Q4 Revenue

Work-from-home mandates are having a “positive impact” on the Synaptics PC and video interface businesses, said CEO Michael Hurlston on a fiscal Q4 investor call Wednesday. Customers are looking to “broaden their offerings with solutions like headsets, speakers, soundbars and smart displays that enable consumers to make more of their time at home while still connecting with friends and family,” he said. The PC business “achieved record revenue and profitability” in the quarter, he said. Demand for enterprise and consumer laptops “remains strong, and we believe this strength will be sustained,” he said. The stock closed 8.5% higher Thursday at $89.69.