A Business at a Glance
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SYNAPTICS Inc
SYNA
$4.4B
Mkt Cap
$113.00
-3.91%
SYNAPTICS Inc (SYNA) has a 5-year average return on invested capital (ROIC) of 11.7%. This indicates solid capital allocation.
SYNAPTICS Inc (SYNA) has a market capitalization of $4.4B. It is classified as a mid-cap stock.
SYNAPTICS Inc (SYNA) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 2.25%.
SYNAPTICS Inc (SYNA) operates in the Semiconductors & Related Devices industry, within the Technology sector.
SYNAPTICS Inc (SYNA) reported annual revenue of $1.1 billion in its most recent fiscal year, based on SEC EDGAR filings.
SYNAPTICS Inc (SYNA) has a net profit margin of -4.4%. The company is currently unprofitable.
SYNAPTICS Inc (SYNA) generated $116 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Synaptics designs and delivers AI-enabled edge solutions combining custom silicon and software platforms for edge AI, wireless connectivity, and human interface technologies across mobile, PC, smart home, industrial, and automotive applications. The company operates through three primary market segments: Core IoT Applications (wireless connectivity via Veros solutions and AI processors via Synaptics Astra family, integrated with human interface products like touch), Enterprise and Automotive Applications (PC touchpad/biometric fingerprint sensors, video interface solutions, and automotive technologies), and Mobile Applications (touch and display solutions). Synaptics' business model centers on designing semiconductor solutions and software platforms that OEMs integrate into their devices; the company earns revenue through licensing and product sales to global original equipment manufacturers. The company's competitive moat derives from its extensive intellectual property portfolio (over 500 touch-related patents), established supply chain partnerships, and integrated hardware-software platforms that reduce time-to-market for customers. Synaptics serves diverse end-markets including home automation, security, wearables, industrial IoT, premium smartphones, and automotive systems, with a strategic focus on the premium tier of the mobile market and emerging physical AI and edge AI applications.
【Edge AI momentum accelerating】 Management expects accelerating adoption of physical AI and edge AI with expanding customer engagements across multiple end-markets including home appliances, security cameras, drones, robotics, and IoT module makers. The company anticipates meaningful revenue ramp in calendar 2027 driven by a semi-custom AI-native platform targeting a major OEM, with production expected in the first half of calendar 2027 and end-product launches and significant ramp in the second half of 2027. Design wins in foldable smartphones are expected to drive product launches in the second half of the calendar year, with broader adoption of foldable devices by major OEMs having potential to drive overall market growth. Management is executing with discipline on its Astra processor roadmap while maintaining focus on the premium tier of the enterprise and mobile touch markets, with backlog and bookings levels described as healthy and building.
| Metric | Target | Period |
|---|---|---|
| Core IoT Revenue | north of $385 million for the full fiscal year 2026 at the midpoint | FY2026 (full fiscal year ending June 2026) |
Core IoT Revenue (FY2026 (full fiscal year ending June 2026)): “For the year and for based on our guidance for Q4 for core IoT, you know, we're going to do north of $385 million for core IoT at the midpoint.”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2026 Earnings Call, Q3 FY2026 Earnings Call, Q2 FY2026 Earnings Call, Q1 FY2026 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.2B | 1.1B | 959M | 1.4B | 1.7B | 1.3B |
| Net Income | -48M | -48M | 126M | 74M | 258M | 80M |
| EPS | $-1.24 | $-1.22 | $3.16 | $1.83 | $6.33 | $2.08 |
| Free Cash Flow | 97M | 116M | 102M | 297M | 432M | 298M |
| ROIC | -3.3% | -2.1% | 5.4% | 6.8% | 29.5% | 18.6% |
| Gross Margin | 43.6% | 44.7% | 45.8% | 52.8% | 54.2% | 45.6% |
| Debt/Equity | 0.62 | 0.60 | 0.66 | 0.79 | 0.78 | 0.91 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -75M | -94M | -102M | 154M | 350M | 147M |
| Operating Margin | -6.4% | -8.8% | -10.6% | 11.4% | 20.1% | 11.0% |
| ROE | -3.5% | -3.3% | 9.3% | 5.9% | 23.1% | 8.9% |
| Shares Outstanding | 39M | 39M | 40M | 40M | 41M | 38M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 948M | 1.7B | 1.7B | 1.7B | 1.6B | 1.5B | 1.3B | 1.3B | 1.7B | 1.4B | 959M | 1.1B | 1.2B |
| Gross Margin | 46.0% | 34.0% | 34.9% | 30.5% | 29.4% | 33.8% | 40.7% | 45.6% | 54.2% | 52.8% | 45.8% | 44.7% | 43.6% |
| R&D | 193M | 293M | 311M | 292M | 363M | 343M | 303M | 313M | 367M | 351M | 336M | 347M | 378M |
| SG&A | 100M | 128M | 162M | 138M | 154M | 131M | 127M | 145M | 168M | 175M | 161M | 180M | 190M |
| EBIT | 73M | 162M | 75M | 65M | -62M | -6.3M | 69M | 147M | 350M | 154M | -102M | -94M | -75M |
| Op. Margin | 7.7% | 9.5% | 4.5% | 3.8% | -3.8% | -0.4% | 5.2% | 11.0% | 20.1% | 11.4% | -10.6% | -8.8% | -6.4% |
| Net Income | 47M | 110M | 72M | 49M | -124M | -23M | 119M | 80M | 258M | 74M | 126M | -48M | -48M |
| Net Margin | 4.9% | 6.5% | 4.3% | 2.8% | -7.6% | -1.6% | 8.9% | 5.9% | 14.8% | 5.4% | 13.1% | -4.4% | -4.1% |
| Non-Recurring | 0 | 0 | 8.6M | 7.3M | 12M | 18M | 34M | 7.4M | 24M | 0 | 27M | 31M | 4.0M |
| Returns on Capital | |||||||||||||
| ROIC | 21.6% | 25.1% | 11.8% | 8.9% | -11.7% | -0.8% | 11.0% | 18.6% | 29.5% | 6.8% | 5.4% | -2.1% | -3.3% |
| ROE | 7.6% | 14.8% | 9.6% | 6.8% | -16.9% | -3.3% | 16.1% | 8.9% | 23.1% | 5.9% | 9.3% | -3.3% | -3.5% |
| ROA | 5.5% | 8.7% | 5.1% | 3.8% | -9.0% | -1.6% | 7.7% | 4.1% | 10.1% | 2.7% | 4.6% | -1.8% | -1.9% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 132M | 204M | 257M | 153M | 145M | 154M | 222M | 319M | 463M | 332M | 136M | 142M | 139M |
| Free Cash Flow | 93M | 152M | 228M | 122M | 111M | 131M | 206M | 298M | 432M | 297M | 102M | 116M | 97M |
| Owner Earnings | 84M | 135M | 112M | 58M | 35M | 60M | 146M | 231M | 338M | 182M | -11M | 300K | -148M |
| CapEx | 39M | 52M | 29M | 31M | 34M | 24M | 16M | 21M | 31M | 34M | 34M | 26M | 42M |
| Maint. CapEx | 14M | 25M | 87M | 33M | 39M | 36M | 27M | 22M | 24M | 27M | 28M | 29M | 141M |
| Growth CapEx | 24M | 27M | 0 | 0 | 0 | 0 | 0 | 0 | 7.1M | 6.8M | 6.2M | 0 | 0 |
| D&A | 14M | 25M | 87M | 33M | 39M | 36M | 27M | 22M | 24M | 27M | 28M | 29M | 141M |
| CapEx/OCF | 29.4% | 25.4% | 11.1% | 20.5% | 23.5% | 15.4% | 7.3% | 6.6% | 6.7% | 10.3% | 24.9% | 18.2% | 30.4% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 70M | 121M | 241M | 88M | 94M | 119M | 30M | 0 | 0 | 184M | 0 | 128M | 99M |
| Buyback Yield | 2.1% | 3.6% | 12.1% | 4.4% | 5.5% | 11.7% | 1.5% | N/A | N/A | 5.4% | N/A | 5.1% | 2.3% |
| Stock-Based Comp | 33M | 44M | 57M | 62M | 71M | 59M | 49M | 66M | 101M | 122M | 119M | 113M | 146M |
| Debt Repayment | 2.3M | 3.8M | 7.6M | 19M | 220M | 0 | 700K | 19M | 506M | 0 | 0 | 4.4M | 4.4M |
| Balance Sheet | |||||||||||||
| Net Debt | N/A | -158M | -117M | -151M | 150M | 141M | -663M | 45M | 106M | 44M | 96M | 382M | 432M |
| Cash & Equiv. | 447M | 400M | 352M | 368M | 301M | 328M | 763M | 836M | 824M | 925M | 877M | 392M | 404M |
| Long-Term Debt | N/A | 231M | 217M | 202M | 451M | 468M | 100M | 394M | 976M | 972M | 967M | 835M | 837M |
| Debt/Equity | 0.46 | 0.31 | 0.33 | 0.29 | 0.62 | 0.71 | 0.12 | 0.91 | 0.78 | 0.79 | 0.66 | 0.60 | 0.62 |
| Interest Coverage | 36.7 | 42.7 | 15.7 | 10.8 | -2.8 | -0.3 | 3.1 | 5.0 | 11.6 | 2.8 | -1.6 | -2.4 | -2.4 |
| Equity | 701M | 793M | 705M | 740M | 729M | 656M | 819M | 967M | 1.3B | 1.2B | 1.5B | 1.4B | 1.4B |
| Total Assets | 1.0B | 1.5B | 1.3B | 1.3B | 1.5B | 1.4B | 1.7B | 2.2B | 2.9B | 2.6B | 2.8B | 2.6B | 2.5B |
| Total Liabilities | 319M | 726M | 595M | 527M | 771M | 753M | 875M | 1.3B | 1.6B | 1.4B | 1.4B | 1.2B | 1.2B |
| Intangibles | 82M | 235M | 160M | 101M | 219M | 145M | 93M | 302M | 390M | 299M | 288M | 262M | 210M |
| Retained Earnings | 483M | 593M | 665M | 714M | 606M | 584M | 701M | 781M | 1.0B | 1.1B | 1.2B | 1.2B | 1.1B |
| Working Capital | 488M | 469M | 429M | 482M | 456M | 477M | 834M | 393M | 940M | 1.0B | 885M | 481M | 507M |
| Current Assets | 743M | 916M | 780M | 792M | 740M | 731M | 1.1B | 1.2B | 1.4B | 1.3B | 1.2B | 752M | 755M |
| Current Liabilities | 254M | 447M | 351M | 310M | 284M | 254M | 244M | 787M | 463M | 260M | 277M | 271M | 248M |
| Per Share Data | |||||||||||||
| EPS | 1.26 | 2.84 | 1.91 | 1.37 | -3.63 | -0.66 | 3.41 | 2.08 | 6.33 | 1.83 | 3.16 | -1.22 | -1.24 |
| Owner EPS | 2.28 | 3.48 | 2.98 | 1.63 | 1.02 | 1.72 | 4.18 | 6.05 | 8.31 | 4.53 | -0.26 | 0.01 | -3.81 |
| Book Value | 18.92 | 20.40 | 18.65 | 20.78 | 21.33 | 18.92 | 23.51 | 25.27 | 31.13 | 30.92 | 36.90 | 35.60 | 35.08 |
| Cash Flow/Share | 3.55 | 5.25 | 6.79 | 4.29 | 4.24 | 4.44 | 6.37 | 8.34 | 11.37 | 8.24 | 3.42 | 3.62 | 2.39 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 37.1M | 38.9M | 37.8M | 35.6M | 34.2M | 34.7M | 34.8M | 38.3M | 40.7M | 40.2M | 39.7M | 39.2M | 38.7M |
| Valuation | |||||||||||||
| P/E Ratio | 70.9 | 30.4 | 27.5 | 40.7 | N/A | N/A | 16.5 | 72.6 | 19.5 | 46.0 | 27.9 | N/A | -91.3 |
| P/FCF | 35.7 | 22.0 | 8.7 | 16.4 | 15.3 | 7.7 | 9.5 | 19.4 | 11.6 | 11.4 | 34.3 | 21.8 | 45.3 |
| EV/EBIT | N/A | 17.3 | 20.4 | 22.9 | N/A | N/A | 7.7 | 36.3 | 14.7 | 22.3 | N/A | N/A | N/A |
| Price/Book | 4.7 | 4.2 | 2.8 | 2.7 | 2.3 | 1.5 | 2.4 | 6.0 | 4.0 | 2.7 | 2.4 | 1.8 | 3.2 |
| Price/Sales | 2.1 | 1.8 | 1.7 | 1.1 | 0.9 | 0.9 | 1.4 | 2.9 | 4.5 | 3.1 | 4.0 | 2.6 | 3.7 |
| FCF Yield | 2.8% | 4.5% | 11.5% | 6.1% | 6.5% | 12.9% | 10.5% | 5.2% | 8.6% | 8.8% | 2.9% | 4.6% | 2.2% |
| Market Cap | 3.3B | 3.4B | 2.0B | 2.0B | 1.7B | 1.0B | 2.0B | 5.8B | 5.0B | 3.4B | 3.5B | 2.5B | 4.4B |
| Avg. Price | 53.95 | 78.79 | 76.53 | 55.26 | 43.61 | 39.40 | 54.05 | 103.25 | 194.10 | 106.01 | 95.52 | 72.00 | 113.00 |
| Year-End Price | 89.38 | 86.32 | 52.43 | 55.82 | 49.78 | 29.14 | 56.26 | 150.99 | 123.53 | 84.14 | 88.20 | 64.78 | 113.00 |
SYNAPTICS Inc passes 2 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 28.3x vs a median of 13.5x. The company's 5-year average ROIC is 11.7% with a gross margin of 48.6%. Total shareholder yield (buybacks) is 2.3%. At current prices, the estimated annualized return to fair value is -7.2%.
SYNAPTICS Inc (SYNA) has a debt-to-equity ratio of 0.60. This indicates moderate leverage.
SYNAPTICS Inc (SYNA) reported earnings per share (EPS) of $-1.22 in its most recent fiscal year.
SYNAPTICS Inc (SYNA) has a return on equity (ROE) of -3.3%. A negative ROE may indicate losses or negative equity.
SYNAPTICS Inc (SYNA) has a 5-year average gross margin of 48.6%. This indicates decent pricing power.
The Ledger Terminal provides 15 years of financial data for SYNAPTICS Inc (SYNA), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
SYNAPTICS Inc (SYNA) has a book value per share of $35.60, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects accelerating adoption of physical AI and edge AI with expanding customer engagements across multiple end-markets including home appliances, security cameras, drones, robotics, and IoT module makers. The company anticipates meaningful revenue ramp in calendar 2027 driven by a semi-custom AI-native platform targeting a major OEM, with production expected in the first half of calendar 2027 and end-product launches and significant ramp in the second half of 2027. Design wins in foldable smartphones are expected to drive product launches in the second half of the calendar year, with broader adoption of foldable devices by major OEMs having potential to drive overall market growth. Management is executing with discipline on its Astra processor roadmap while maintaining focus on the premium tier of the enterprise and mobile touch markets, with backlog and bookings levels described as healthy and building.
Based on recent SEC filings and earnings calls, SYNAPTICS Inc (SYNA) has provided the following forward guidance: Core IoT Revenue: north of $385 million for the full fiscal year 2026 at the midpoint (FY2026 (full fiscal year ending June 2026)).
No recent press releases.