Synaptics Inc (SYNA)
NASDAQ:SYNA
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Synaptics
(NASDAQ:SYNA)
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Rating:62Neutral
Price Target:
$133.00
▲(65.79% Upside)
Action:Reiterated
Date:05/09/26
The score is driven primarily by improving operating performance and a constructive earnings outlook (growth, margin expansion, and supportive Q4 non-GAAP guidance), supported by strong technical momentum. It is held back by still-weak TTM profitability and weaker year-over-year free cash flow, plus limited valuation support given the negative P/E and no dividend yield data.
Positive Factors
Revenue Growth Momentum
Sustained double-digit top-line growth across six quarters signals durable recovery and expanding OEM adoption. Consistent revenue growth supports scale, steady R&D and product investment, and reduces execution risk relative to cyclical peers, improving the company's ability to convert design wins into repeatable revenue streams over the medium term.
Negative Factors
Ongoing Profitability Pressure
Despite revenue recovery, trailing profitability remains negative and ROE is adverse, indicating earnings quality lag. Persistent operating and net losses constrain retained earnings, limit internal funding for growth, and sustain reliance on cash reserves or external financing until margins consistently convert revenue gains into GAAP profits.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth Momentum
Sustained double-digit top-line growth across six quarters signals durable recovery and expanding OEM adoption. Consistent revenue growth supports scale, steady R&D and product investment, and reduces execution risk relative to cyclical peers, improving the company's ability to convert design wins into repeatable revenue streams over the medium term.
Read all positive factors
Synaptics Key Performance Indicators (KPIs)
Synaptics (SYNA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.62B
Dividend YieldN/A
Average Volume (3M)668.20K
Price to Earnings (P/E)―
Beta (1Y)2.09
Revenue Growth12.81%
EPS Growth-129.65%
CountryUS
Employees1,716
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)-1.23
Shares Outstanding38,637,684
10 Day Avg. Volume612,763
30 Day Avg. Volume668,204
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 Cap1.14
Enterprise Value/Revenue4.50
Enterprise Value/Gross Profit10.33
Enterprise Value/Ebitda100.35
Forecast
1Y Price Target
$119.64Price Target Upside49.14% 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 Earnings Call Summary
Earnings Call Date:May 07, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Jul 30, 2026
Earnings Call Sentiment Positive
Overall the call was constructive: Synaptics reported solid top-line growth (+10% YoY), strong margin expansion (non-GAAP gross margin ~53.6%, operating margin +260 bps YoY) and meaningful product and design momentum across Astra, robotics/physical AI and connectivity. Management provided a confident roadmap with key product milestones and a calendar 2027 ramp for Astra. Primary negatives were a notable decline in Mobile Touch (-16% YoY) tied to memory supply issues in China, some near-term demand uncertainty in PC/enterprise markets, and rising receivables and inventory days. On balance, the operational strength, product wins and guidance outweigh the headwinds.Positive Updates
Revenue Growth and Quarterly Results
Q3 revenue of $294.2 million, up 10% year-over-year and above the midpoint of guidance; sixth consecutive quarter of double-digit year-over-year revenue growth.
Negative Updates
Mobile Touch Revenue Decline
Mobile Touch revenue decreased 16% year-over-year and represented 13% of Q3 revenue; company cites memory supply constraints in China as a driver of near-term weakness in mobile touch shipments.
Read all updates
Q3-2026 Updates
Positive
Negative
Revenue Growth and Quarterly Results
Q3 revenue of $294.2 million, up 10% year-over-year and above the midpoint of guidance; sixth consecutive quarter of double-digit year-over-year revenue growth.
Read all positive updates
Company Guidance
For the fiscal Q4 (June) quarter Synaptics guided on a non‑GAAP basis to revenue of approximately $305.0 million at the midpoint (±$10M, implying $295M–$315M), with an expected product mix of ~33% Core IoT, ~54% Enterprise & Automotive and ~13% Mobile Touch; non‑GAAP gross margin of 53.5% at the midpoint (±1%, or roughly 52.5%–54.5%); non‑GAAP operating expenses of $105M at the midpoint (±$2M, or $103M–$107M); non‑GAAP net interest and other expense of ≈ $2M; a non‑GAAP tax rate of 13%–15%; and non‑GAAP diluted EPS of $1.20 at the midpoint (±$0.15, or $1.05–$1.35) on an estimated 40.4 million fully diluted shares (all non‑GAAP metrics reconciled to GAAP in the company’s release).Synaptics Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
62
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.17B | 1.07B | 959.40M | 1.36B | 1.74B | 1.34B |
| Gross Profit | 511.10M | 480.40M | 439.80M | 715.90M | 943.10M | 611.20M |
| EBITDA | 52.60M | 69.40M | 49.90M | 339.30M | 498.20M | 289.90M |
| Net Income | -48.10M | -47.80M | 125.60M | 73.60M | 257.50M | 79.60M |
Balance Sheet | ||||||
| Total Assets | 2.52B | 2.58B | 2.83B | 2.61B | 2.86B | 2.23B |
| Cash, Cash Equivalents and Short-Term Investments | 404.40M | 452.50M | 876.90M | 934.30M | 876.00M | 836.30M |
| Total Debt | 836.70M | 880.20M | 1.07B | 1.03B | 1.04B | 914.80M |
| Total Liabilities | 1.16B | 1.19B | 1.36B | 1.37B | 1.59B | 1.26B |
| Stockholders Equity | 1.36B | 1.39B | 1.47B | 1.24B | 1.27B | 967.20M |
Cash Flow | ||||||
| Free Cash Flow | 96.70M | 106.20M | -31.70M | 297.30M | 401.60M | 298.10M |
| Operating Cash Flow | 139.00M | 142.00M | 135.90M | 331.50M | 462.70M | 319.20M |
| Investing Cash Flow | 16.40M | -297.90M | -157.70M | -6.00M | -482.70M | -522.60M |
| Financing Cash Flow | -112.30M | -331.40M | -25.10M | -221.30M | 14.30M | 274.10M |
Synaptics Technical Analysis
Positive
80.22
Price Trends
77.95
Positive
78.44
Positive
73.19
Positive
Market Momentum
0.50
Negative
60.16
Neutral
91.35
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SYNA, the sentiment is Positive. The current price of 80.22 is above the 20-day moving average (MA) of 73.92, above the 50-day MA of 77.95, and above the 200-day MA of 73.19, indicating a bullish trend. The MACD of 0.50 indicates Negative momentum. The RSI at 60.16 is Neutral, neither overbought nor oversold. The STOCH value of 91.35 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | $3.95B | 215.30 | 2.44% | 2.27% | 3.11% | -54.05% | |
75 Outperform | $10.29B | 93.47 | 6.68% | ― | 9.60% | 25.63% | |
75 Outperform | $8.68B | 3.54 | 20.24% | 2.22% | 36.05% | 80.83% | |
70 Outperform | $4.75B | 52.38 | 4.50% | ― | 15.97% | 234.66% | |
62 Neutral | $4.62B | -83.31 | -4.45% | ― | 12.81% | -129.65% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
50 Neutral | $4.58B | 498.65 | -0.43% | 2.67% | 4.48% | 71.58% |
* Technology Sector Average
SYNA
Synaptics
119.59
53.69
81.47%
DIOD
Diodes
103.45
54.90
113.08%
FORM
Formfactor
132.02
99.63
307.59%
POWI
Power Integrations
70.91
16.62
30.62%
SIMO
Silicon Motion
258.71
202.32
358.80%
VSH
Vishay Intertechnology
33.63
19.17
132.59%
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.