Synaptics reported earnings results for the second quarter 2015. For the quarter, the company reported revenue of $463.7 million, up 125% over the year ago quarter. Earnings were $1.46 per share on a non-GAAP basis, up from $0.86 per share last year. Cash flow from operations for the quarter was a negative $16.5 million, resulting primarily from post-acquisition inventory purchases of $115 million from Renesas, which owned most of the RSP inventory prior to its system cutover at the end of October. Capital expenditures for the quarter were $14.7 million.

The company provided earnings guidance for the third quarter ending March 2015 and second half of fiscal 2015. The company is very optimistic regarding its outlook for the second half of fiscal 2015 and is tracking well towards its combined operating model following the integration of RSP. The company anticipates non-GAAP cash-based tax rate for the remainder of the year to be in the range of 16% to 18%.

Considering its backlog of $245 million entering the March quarter, customer forecasts and the resulting expected product mix, the company anticipates revenue to be in the range of $450 to $490 million, an increase of 120% to 140% over the prior year period. The company expects the revenue mix from mobile and PC to be similar to the preceding quarter. GAAP expenses will also include noncash charges of approximately $26 million related to intangibles amortization, of which approximately $19 million will be reflected in cost of sales. The company anticipates non-GAAP cash-based tax rate for the March quarter to be in the range of 16% to 18%. Non-GAAP net income per diluted share for the March quarter is anticipated to be in the range of $1.40 to $1.70 per share.