Synaptics reports Q3 adjusted EPS $1.09, consensus $1.01

Reports Q3 revenue $294.2M, consensus $290.13M. “Synaptics (SYNA) delivered a solid third quarter of fiscal 2026, with double-digit year-over-year revenue growth driven by a 31% increase in Core IoT product sales. Revenue, non-GAAP gross margin, and non-GAAP EPS all exceeded the midpoints of our guidance, reflecting strong execution. Based on the mid-point of our fourth quarter outlook, we expect full year fiscal 2026 Core IoT revenue to grow more than 40% year-over-year to over $385 million. We are seeing accelerating activity in Physical AI and Edge AI, with increasing design wins and customer engagements. We continue to align our portfolio to capitalize on these emerging opportunities and remain confident in our ability to drive long-term growth,” said Rahul Patel, Synaptics’ President and Chief Executive Officer.