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SYNA

Synaptics Incorporated

SYNA

Synaptics Incorporated • NASDAQ
$68.51 ▲ 1.14% (+0.77)
Market Cap $2.67 B
52w High $89.81
52w Low $41.80
Dividend Yield 0%
P/E -58.56
Volume 166.42K
Outstanding Shares 38.99M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $292.5M ▲ $147.8M ▼ $-20.6M ▼ -7.043% ▼ $0 ▲ $20.5M ▲
Q4-2025 $282.8M ▲ $163.7M ▲ $-4.7M ▲ -1.662% ▲ $-0.12 ▲ $-24.2M ▼
Q3-2025 $266.6M ▼ $142.1M ▲ $-21.8M ▼ -8.177% ▼ $-0.56 ▼ $26.2M ▲
Q2-2025 $267.2M ▲ $137.4M ▼ $1.8M ▲ 0.674% ▲ $0.045 ▲ $17.6M
Q1-2025 $257.7M $149.3M $-23.1M -8.964% $-0.59 $17.6M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $459.9M ▲ $2.577B ▼ $1.177B ▼ $1.401B ▲
Q4-2025 $452.5M ▲ $2.584B ▲ $1.19B ▲ $1.395B ▲
Q3-2025 $421.4M ▼ $2.554B ▲ $1.167B ▲ $1.387B ▲
Q2-2025 $596.1M ▼ $2.527B ▼ $1.151B ▼ $1.376B ▼
Q1-2025 $853.6M $2.791B $1.324B $1.467B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $-20.6M ▼ $30.2M ▼ $48.8M ▲ $-10.4M ▲ $68.4M ▲ $18M ▼
Q4-2025 $-4.7M ▲ $57.2M ▼ $-8.9M ▲ $-18.4M ▲ $31.1M ▲ $50.6M ▼
Q3-2025 $-21.8M ▼ $73.4M ▲ $-274.4M ▼ $-34.8M ▲ $-235.7M ▼ $58M ▲
Q2-2025 $1.8M ▲ $22.8M ▲ $-5.5M ▲ $-274.7M ▼ $-235.6M ▼ $18.1M ▲
Q1-2025 $-23.1M $-11.4M $-9.1M $-3.5M $-23.3M $-20.5M

Revenue by Products

Product Q2-2025Q3-2025Q4-2025Q1-2026
Enterprise And Automotive Product Applications
Enterprise And Automotive Product Applications
 $160.00M ▲$150.00M ▼$150.00M ▲$150.00M ▲
Mobile Product Applications
Mobile Product Applications
 $50.00M ▲$50.00M ▲$50.00M ▲$40.00M ▼
Internet Of Things Product Applications
Internet Of Things Product Applications
 $60.00M ▲$70.00M ▲$0 ▼$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue peaked a few years ago and then dropped meaningfully as some end markets softened, but it has started to recover a bit in the most recent year. Gross profit has fallen from earlier highs, and the company has moved from solid operating profits to modest operating losses over the last two years. Net income shows the same pattern: a profitable stretch followed by a recent small loss. Overall, the income statement reflects a business in transition, dealing with a cyclical downturn and higher investment while it pivots toward new growth areas like IoT and edge AI.

Balance Sheet

Balance Sheet The balance sheet looks reasonably solid but not overly cushioned. Total assets have stayed fairly steady over the past several years, and shareholder equity has gradually increased, which suggests value is still being built over time. Cash levels, however, are lower than they were a few years ago, while debt remains sizable, leaving the company in a net debt position rather than sitting on excess cash. This mix points to a manageable but not risk-free financial structure: enough resources to support the strategy, but less room for prolonged weak profitability without careful capital management.

Cash Flow

Cash Flow Detailed cash flow data are not provided, but some inferences can be made. Historically, the business model—fab‑light semiconductor design with decent margins—tends to generate solid operating cash flow during good years and relatively modest capital spending needs. The recent shift to small losses and lower margins likely means cash generation has become more pressured in the short term, especially with ongoing R&D and product investments. Without clear numbers, the key watchpoint is whether new IoT and edge AI design wins can restore consistent cash inflows faster than spending needs grow.

Competitive Edge

Competitive Edge Synaptics holds a defensible but narrow moat built on specialized know‑how in human‑machine interfaces, a meaningful patent portfolio, and strong system‑level integration skills. Its long relationships with major device makers and automakers give it recurring opportunities to win sockets in new products. The strategic pivot away from legacy PC and mobile touchpads toward IoT, automotive, and connectivity helps reduce dependence on any single, more commoditized market. At the same time, the company competes against much larger semiconductor players with deeper pockets, so maintaining differentiation through integration, software, and power efficiency is critical to sustaining its position.

Innovation and R&D

Innovation and R&D Innovation is a clear focal point for Synaptics. The company has expanded from touch and display controllers into edge AI processing with its Astra platform, which is designed to run AI workloads directly on devices rather than in the cloud—appealing for applications that need low latency and privacy. Its Veros wireless portfolio tailors next‑generation Wi‑Fi specifically for IoT devices, and licensing new technologies (such as future Wi‑Fi and positioning systems) accelerates its roadmap. In automotive, specialized display, touch, and driver‑aware interfaces create additional differentiation. All of this points to heavy ongoing R&D, which supports long‑term opportunity but weighs on near‑term margins and raises execution risk if adoption is slower than planned.

Summary

Synaptics is a semiconductor designer in the middle of a strategic shift: moving from a mature, more commoditized touch‑interface business toward higher‑value IoT, automotive, and edge AI solutions. Financially, the company has come off a period of strong revenue and profitability and is now experiencing lower sales, weaker margins, and a small net loss, reflecting both industry cyclicality and the cost of this repositioning. The balance sheet appears sound but not overly liquid, with lower cash and meaningful debt that call for disciplined capital allocation. On the positive side, Synaptics brings deep IP, system‑level expertise, and long‑standing customer relationships, and it is building promising platforms in edge AI and IoT connectivity. The key uncertainties are how quickly these new products scale, how well the company can defend its niche against larger rivals, and whether profitability and cash generation can rebound as the cycle and product mix improve. This is an interpretation of the data, not a recommendation for any specific course of action.

NEWS

November 25, 2025 · 9:05 AM UTC

Synaptics to Participate at Upcoming Investor Conferences on Tuesday, December 2, 2025 and Wednesday, December 10, 2025

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November 14, 2025 · 8:04 AM UTC

Synaptics to Participate at Upcoming Investor Conference Wednesday, November 19, 2025

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November 12, 2025 · 8:45 AM UTC

Synaptics and Qualcomm Partner to Advance Fingerprint and Touch Technology Across PC and Mobile Platforms

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November 6, 2025 · 4:05 PM UTC

Synaptics Reports First Quarter Fiscal 2026 Results

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October 28, 2025 · 10:45 AM UTC

Metirionic Enables Precision Bluetooth Channel Sounding with Synaptics' industry-leading Veros™ Intelligent Connectivity Solutions

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