Synaptics Inc (SYNA)
NASDAQ:SYNA
Top Page
Synaptics
(NASDAQ:SYNA)
Select Model
Select Model
Rating:61Neutral
Price Target:
$77.00
▲(12.07% Upside)
Action:ReiteratedDate:02/06/26
The score is held back primarily by weak profitability (loss-making TTM) despite improving cash flow, while supportive technical momentum and a generally positive earnings call (execution and IoT growth) provide offsets. Valuation remains a constraint due to the negative P/E and lack of dividend yield data.
Positive Factors
Core IoT Growth
Sustained 53% YoY Core IoT growth and a ~31% revenue mix shift indicate durable demand for Synaptics' connectivity solutions. This structural traction across IoT and wireless markets supports recurring design wins, expanding addressable market exposure, and revenue diversification beyond cyclical PC/mobile end markets.
Negative Factors
Weak GAAP Profitability
Persistent GAAP losses and negative operating/net margins limit the firm's ability to compound shareholder value and reduce optionality for capital allocation. Until operating leverage converts revenue gains into sustained profits, returns on equity will remain negative and investor-facing financial resilience is constrained.
Read all positive and negative factors
Positive Factors
Negative Factors
Core IoT Growth
Sustained 53% YoY Core IoT growth and a ~31% revenue mix shift indicate durable demand for Synaptics' connectivity solutions. This structural traction across IoT and wireless markets supports recurring design wins, expanding addressable market exposure, and revenue diversification beyond cyclical PC/mobile end markets.
Read all positive factors
Synaptics (SYNA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.66B
Dividend YieldN/A
Average Volume (3M)655.46K
Price to Earnings (P/E)―
Beta (1Y)2.07
Revenue Growth13.24%
EPS Growth-129.14%
CountryUS
Employees1,716
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)1.21
Shares Outstanding38,729,740
10 Day Avg. Volume662,189
30 Day Avg. Volume655,457
Financial Highlights & Ratios
PEG Ratio0.39
Price to Book (P/B)1.83
Price to Sales (P/S)2.37
P/FCF Ratio23.97
Enterprise Value/Market Cap1.16
Enterprise Value/Revenue2.69
Enterprise Value/Gross Profit6.24
Enterprise Value/Ebitda33.64
Forecast
1Y Price Target
$102.40Price Target Upside49.03% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering12
EPS Forecast (FY)4.43
Revenue Forecast (FY)$1.19B
Synaptics Business Overview & Revenue Model
Company Description
Synaptics Incorporated develops, markets, and sells semiconductor product solutions worldwide. The company offers AudioSmart for voice and audio processing; ConnectSmart for high-speed video/audio/data connectivity; DisplayLink for transmitting co...
How the Company Makes Money
Synaptics makes money primarily by selling semiconductor chips and related software/firmware solutions to original equipment manufacturers (OEMs) and device makers, either directly or through distributors. Revenue is generally recognized from prod...
Synaptics Key Performance Indicators (KPIs)
Synaptics Earnings Call Summary
Earnings Call Date:Feb 05, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Apr 30, 2026
Earnings Call Sentiment Positive
The call emphasized strong execution with solid top-line growth (+13% YoY), robust Core IoT momentum (+53% YoY), meaningful EPS and margin expansion (+32% EPS, operating margin +190 bps YoY) and clear product/technology progress (Astra sampling, Wi‑Fi 7/8 roadmap, robotics/humanoid engagements). Near-term caution comes from Q3 guidance below Q2 levels, a strategic rise in inventory (up $15M, days up to 101), modest operating cash flow ($30M) versus buybacks, and remaining supply-chain spot issues. Major upside from Astra and next-generation connectivity is expected but not revenue-accretive until calendar 2027. Overall, positive operational and product momentum outweighs near-term headwinds.Positive Updates
Top-Line Growth
Total company revenue of $302.5M in fiscal Q2, up 13% year-over-year and above the midpoint of guidance, marking the fifth consecutive quarter of double-digit YoY growth.
Negative Updates
Near-Term Guidance Softness
Q3 revenue guidance midpoint of ~$290M contrasts with Q2 $302.5M (implying ~4.1% decline quarter-over-quarter). Q3 non-GAAP EPS guidance midpoint $1.00 versus Q2 $1.21 (approximate -17.4% QoQ), indicating expected near-term moderation in results.
Read all updates
Q2-2026 Updates
Positive
Negative
Top-Line Growth
Total company revenue of $302.5M in fiscal Q2, up 13% year-over-year and above the midpoint of guidance, marking the fifth consecutive quarter of double-digit YoY growth.
Read all positive updates
Company Guidance
Synaptics provided non‑GAAP guidance for fiscal Q3 2026 calling for revenue of about $290 million at the midpoint (±$10M, implying a $280–$300M range), with an expected product mix of ~32% Core IoT, 54% enterprise & automotive and 14% mobile touch; non‑GAAP gross margin of 53.5% at the midpoint (±1%, ~52.5%–54.5%); non‑GAAP operating expenses of roughly $106 million at the midpoint (±$2M, ~$104M–$108M); non‑GAAP net interest and other expense of ≈$2M; a non‑GAAP tax rate of 13%–15%; and non‑GAAP diluted EPS of $1.00 at the midpoint (±$0.15, ~$0.85–$1.15) on an estimated 40.6 million fully diluted shares, with all guidance subject to macroeconomic and trade uncertainties.Synaptics Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
58
Neutral
Cash Flow
67
Positive
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.14B | 1.07B | 959.40M | 1.36B | 1.74B | 1.34B |
| Gross Profit | 493.60M | 480.40M | 439.80M | 715.90M | 943.10M | 611.20M |
| EBITDA | 91.50M | 69.40M | 49.90M | 339.30M | 498.20M | 289.90M |
| Net Income | -61.90M | -47.80M | 125.60M | 73.60M | 257.50M | 79.60M |
Balance Sheet | ||||||
| Total Assets | 2.56B | 2.58B | 2.83B | 2.61B | 2.86B | 2.23B |
| Cash, Cash Equivalents and Short-Term Investments | 437.40M | 452.50M | 876.90M | 934.30M | 876.00M | 836.30M |
| Total Debt | 836.00M | 880.20M | 1.07B | 1.03B | 1.04B | 914.80M |
| Total Liabilities | 1.18B | 1.19B | 1.36B | 1.37B | 1.59B | 1.26B |
| Stockholders Equity | 1.38B | 1.39B | 1.47B | 1.24B | 1.27B | 967.20M |
Cash Flow | ||||||
| Free Cash Flow | 144.80M | 106.20M | -31.70M | 297.30M | 401.60M | 298.10M |
| Operating Cash Flow | 190.60M | 142.00M | 135.90M | 331.50M | 462.70M | 319.20M |
| Investing Cash Flow | -246.10M | -297.90M | -157.70M | -6.00M | -482.70M | -522.60M |
| Financing Cash Flow | -104.30M | -331.40M | -25.10M | -221.30M | 14.30M | 274.10M |
Synaptics Technical Analysis
Negative
68.71
Price Trends
81.32
Negative
77.20
Negative
72.49
Negative
Market Momentum
-2.48
Positive
34.27
Neutral
33.59
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SYNA, the sentiment is Negative. The current price of 68.71 is below the 20-day moving average (MA) of 74.38, below the 50-day MA of 81.32, and below the 200-day MA of 72.49, indicating a bearish trend. The MACD of -2.48 indicates Positive momentum. The RSI at 34.27 is Neutral, neither overbought nor oversold. The STOCH value of 33.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SYNA.
Synaptics Risk Analysis
Synaptics disclosed 21 risk factors in its most recent earnings report. Synaptics reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Synaptics Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $3.13B | 34.57 | 3.55% | ― | 10.45% | 4.37% | |
73 Outperform | $7.63B | 82.61 | 5.43% | ― | 2.29% | -69.81% | |
73 Outperform | $3.74B | 4.07 | 15.21% | 2.22% | -2.26% | 9.74% | |
64 Neutral | $2.75B | 90.19 | 3.17% | 2.27% | 10.50% | -52.00% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | $2.66B | -48.27 | -4.45% | ― | 13.24% | -129.14% | |
55 Neutral | $2.31B | -219.07 | -0.43% | 2.67% | -0.84% | -189.44% |
* Technology Sector Average
SYNA
Synaptics
68.71
4.99
7.83%
DIOD
Diodes
68.20
25.03
57.98%
FORM
Formfactor
97.93
69.64
246.16%
POWI
Power Integrations
49.50
-0.03
-0.06%
SIMO
Silicon Motion
110.06
60.77
123.30%
VSH
Vishay Intertechnology
17.02
1.53
9.86%
Synaptics Corporate Events
Business Operations and StrategyExecutive/Board Changes
Synaptics Adds Independent Director to Strengthen Board Oversight
Positive
Jan 5, 2026
Synaptics has expanded its board of directors from eight to nine members and appointed Venkatesh (Venk) Nathamuni as an independent director and Audit Committee member, effective January 1, 2026, a move announced in a January 5, 2026 press release...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.