SYNA
Synaptics Incorporated73.77
-1.94-2.56%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q2 '26
Astra ramps detailed; supply resilient
Q&A dismissed supply fears, insisting premium mobile touch and enterprise PCs remain stable amid memory shortages, with lean channel inventories. Management detailed Astra progress: microprocessor production by quarter-end, new Wi-Fi 7-integrated MCU/connectivity chips sampling now, semi-custom tape-out in April, and cal 2027 revenue tailwind accretive to margins. Automotive flat and small; consumer Astra pipeline outpaces industrial. Humanoid pilots sampling with lead customer. Premium segments shrug off supply woes. Confident tone on edge AI; watch Q4 backlog momentum.
Key Stats
Market Cap
2.88BP/E (TTM)
-Basic EPS (TTM)
-1.17Dividend Yield
0%Recent Filings
10-Q
Q2 FY2026 results
Synaptics posted Q2 FY2026 revenue of $302.5M, up 13.2% y/y from $267.2M, with Core IoT surging 52.5% to $93.2M on higher units and ASPs from the Broadcom deal, while Enterprise/Automotive held steady at $161.1M via IP licensing despite unit declines. Gross margin slipped to 43.5% from 45.7% on higher intangible amortization, fueling a steady operating loss of $15.1M; net loss widened to $14.8M or $(0.38) diluted EPS (38.9M shares, antidilutive) from lower interest expense post-Term Loan payoff. Cash hit $437.4M after $60.0M YTD operating cash flow (FCF not disclosed in the 10-Q), $850M debt steady (4% 2029 Notes/$450M 0.75% 2031 Notes), $350M revolver dry. Repurchased $43.6M stock YTD. Customer concentration lingers.
8-K
Core IoT sales up 53%
Synaptics posted Q2 fiscal 2026 revenue of $302.5 million, up 13% year-over-year, fueled by Core IoT product sales surging 53%. Non-GAAP EPS hit $1.21 amid margin expansion, yet GAAP showed a $0.38 loss from acquisition costs. Core IoT powers growth. Q3 guides $290M ± $10M revenue with $1.00 non-GAAP EPS, but macro risks loom.
8-K
Synaptics appoints finance expert director
Synaptics expanded its board from eight to nine directors, appointing independent director Venkatesh Nathamuni effective January 1, 2026, to the Audit Committee as an audit committee financial expert. Nathamuni, current CFO of Jacobs Solutions with prior CFO roles at Cirrus Logic and finance leadership at Arista Networks, received pro-rata $75,000 cash retainer, $10,000 committee pay, and 2,300 RSUs valued at $210,000. His semiconductor finance expertise bolsters oversight. No related-party transactions disclosed.
10-Q
Q1 FY2026 results
Synaptics posted Q1 FY2026 revenue of $292.5M, up 13.5% y/y from $257.7M, fueled by Core IoT surging 73.8% to $103.6M while Enterprise and Automotive held flat at $147.7M; gross margin slipped to 42.6% from 46.9% on higher Broadcom intangible amortization. Operating loss narrowed to $(23.2)M from $(28.4)M, aided by lower restructuring ($2.5M vs $14.2M), though net loss edged to $(20.6)M or $(0.53)/diluted share on 38.8M shares—consistent, no anti-dilution. Cash jumped to $459.9M with $30.2M operating cash flow and $18.0M FCF (derived), backing $850M debt (4% 2029 Notes/$450M 0.75% 2031 Notes) and $350M revolver availability; $7.2M stock buyback executed. Prepaid $96.8M for Broadcom Wi-Fi intangibles, delivery through 2027. Customer concentration lingers.
8-K
Q1 revenue up 14%, IoT surges 74%
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