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Synaptics
(NASDAQ:SYNA)
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Rating:52Neutral
Price Target:
$106.00
▼(-6.19% Downside)
Action:Reiterated
Date:08/11/26
Overall score reflects weak reported financial performance (multi-year operating losses and a very large 2026 net loss) and bearish technical signals (price below key moving averages and negative MACD). These are partially offset by resilient cash flow and a constructive earnings call featuring strong non-GAAP margins, solid recent growth, and supportive near-term guidance.
Positive Factors
Astra & Edge AI product momentum
Synaptics’ Astra family and integrated Edge AI/connected MCU products show multi-year design traction and sampling with customers, creating a structural pipeline into robotics, industrial and cameras. This raises potential higher-content, recurring silicon and software revenue beginning with a meaningful ramp in 2027.
Negative Factors
Volatile revenue and large 2026 net loss
Sharp revenue swings and a deep 2026 net loss indicate weak operating leverage and margin vulnerability. Persistent negative operating results limit reinvestment capacity, pressure returns, and raise execution risk for multi-year product ramps and strategic initiatives without consistent profitable growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Astra & Edge AI product momentum
Synaptics’ Astra family and integrated Edge AI/connected MCU products show multi-year design traction and sampling with customers, creating a structural pipeline into robotics, industrial and cameras. This raises potential higher-content, recurring silicon and software revenue beginning with a meaningful ramp in 2027.
Read all positive factors
Synaptics Key Performance Indicators (KPIs)
Synaptics (SYNA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.25B
Dividend YieldN/A
Average Volume (3M)1.15M
Price to Earnings (P/E)―
Beta (1Y)2.12
Revenue Growth11.44%
EPS Growth-940.34%
CountryUS
Employees1,700
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)-12.62
Shares Outstanding39,106,987
10 Day Avg. Volume680,540
30 Day Avg. Volume1,150,951
Financial Highlights & Ratios
PEG Ratio-0.01
Price to Book (P/B)5.06
Price to Sales (P/S)3.93
P/FCF Ratio46.42
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$131.25Price Target Upside16.15% Upside
Rating ConsensusHold
Number of Analyst Covering10
EPS Forecast (FY)5.27
Revenue Forecast (FY)$1.30B
Synaptics Business Overview & Revenue Model
Company Description
Synaptics Incorporated, established in 1986 and headquartered in San Jose, California, is a global developer, marketer, and seller of semiconductor product solutions designed to enhance user experience and device functionality. The company's exten...
How the Company Makes Money
Synaptics primarily makes money by selling fabless semiconductor products: it designs integrated circuits and related software/firmware, then relies on third-party foundries and assembly/test partners to manufacture and package the chips, which it...
Synaptics Earnings Call Summary
Earnings Call Date:May 07, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Nov 05, 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
34
Negative
Balance Sheet
51
Neutral
Cash Flow
60
Neutral
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.20B | 1.07B | 959.40M | 1.36B | 1.74B |
| Gross Profit | 535.40M | 480.40M | 439.80M | 715.90M | 943.10M |
| EBITDA | -54.80M | 69.40M | 49.90M | 339.30M | 498.20M |
| Net Income | -490.80M | -47.80M | 125.60M | 73.60M | 257.50M |
Balance Sheet | |||||
| Total Assets | 2.10B | 2.58B | 2.83B | 2.61B | 2.86B |
| Cash, Cash Equivalents and Short-Term Investments | 442.50M | 452.50M | 876.90M | 934.30M | 876.00M |
| Total Debt | 837.30M | 880.20M | 1.07B | 1.03B | 1.04B |
| Total Liabilities | 1.17B | 1.19B | 1.36B | 1.37B | 1.59B |
| Stockholders Equity | 929.50M | 1.39B | 1.47B | 1.24B | 1.27B |
Cash Flow | |||||
| Free Cash Flow | 101.40M | 106.20M | -31.70M | 297.30M | 401.60M |
| Operating Cash Flow | 149.40M | 142.00M | 135.90M | 331.50M | 462.70M |
| Investing Cash Flow | 13.00M | -297.90M | -157.70M | -6.00M | -482.70M |
| Financing Cash Flow | -111.50M | -331.40M | -25.10M | -221.30M | 14.30M |
Synaptics Technical Analysis
Neutral
113.00
Price Trends
120.65
Negative
110.80
Negative
93.95
Positive
Market Momentum
-3.73
Negative
46.33
Neutral
74.73
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SYNA, the sentiment is Neutral. The current price of 113 is above the 20-day moving average (MA) of 109.48, below the 50-day MA of 120.65, and above the 200-day MA of 93.95, indicating a neutral trend. The MACD of -3.73 indicates Negative momentum. The RSI at 46.33 is Neutral, neither overbought nor oversold. The STOCH value of 74.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
69 Neutral | $9.12B | 7.84 | 32.04% | 0.74% | 69.56% | 260.84% | |
67 Neutral | $10.28B | 88.92 | 10.96% | ― | 18.01% | 161.14% | |
65 Neutral | $4.77B | 55.04 | 4.53% | ― | 17.80% | 36.28% | |
63 Neutral | $3.51B | 137.88 | 3.72% | 1.34% | 1.56% | -23.60% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
54 Neutral | $5.38B | 135.25 | 1.55% | 1.05% | 13.38% | ― | |
52 Neutral | $4.25B | -8.61 | -38.70% | ― | 11.44% | -940.34% |
* Technology Sector Average
SYNA
Synaptics
108.63
38.51
54.92%
DIOD
Diodes
103.48
50.73
96.17%
FORM
Formfactor
131.60
102.97
359.66%
POWI
Power Integrations
62.75
17.30
38.07%
SIMO
Silicon Motion
268.90
194.73
262.53%
VSH
Vishay Intertechnology
35.08
20.63
142.75%
Synaptics Corporate Events
Business Operations and StrategyM&A Transactions
Synaptics Agrees to All-Stock Acquisition by onsemi
Positive
Jun 25, 2026
On June 25, 2026, Synaptics and ON Semiconductor Corporation (onsemi) announced that they had entered into a definitive all-stock merger agreement under which onsemi will acquire Synaptics for an enterprise value of about $7 billion, with Synaptic...
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.