Synaptics

Synaptics, Inc. engages in the development, marketing, and sale of human interface semiconductor solutions for electronic devices and products. It specializes in custom-designed human interface that enable people to interact with mobile computing, communications, entertainment, and other electronic devices. The company was founded by Federico Faggin and Carver A. Mead in March 1986 and is headquartered in San Jose, CA.

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SYNA reports Q3 revenue decline, focuses on customer expansion

SYNA faces challenges due to market conditions and competitive pressures but has bright spots in automotive products and new customer product ramps. The company is focused on expanding its customer base and addressing pricing dynamics to maintain confidence in its revenue run rate.

Synaptics reports Q2 revenue of $353M, addresses inventory challenges

Synaptics navigated challenges in inventory accumulation and margin pressures while focusing on growth opportunities in wireless technologies and automotive displays. The company aims to manage inventories, maintain gross margins, and return IoT levels to normalcy. Despite facing headwinds in AR and VR markets, Synaptics remains optimistic about potential supplier support and future growth.

Synaptics reports resilient Q3 performance amidst sector challenges

Synaptics' Q3 performance showcased resilience with revenue above guidance and strong gross margins despite sector declines.
The company's focus on unit-driven demand has shielded it from ASP pressures, while challenges in inventory management persist.
Opportunities lie in Wi-Fi business expansion, additional customer growth, and strategic planning to address market dynamics.
Synaptics faces challenges in reducing inventories, passing on increased costs, and navigating competitive pressures in the IoT sector.

Synaptics sees revenue recovery in key sectors, eyes wireless growth

Synaptics navigated revenue challenges but is optimistic about recovery in key sectors like PC and Mobile.
The company strategically repurchased shares, enhanced its wireless product portfolio, and focused on cost management.
While facing pricing pressures and inventory challenges, Synaptics is capitalizing on opportunities in wireless and processor segments.
Maintaining profitability and a healthy cash balance, Synaptics aims for growth through new solutions and customer wins.

Synaptics reports revenue growth and optimistic outlook for 2024

Synaptics reported a positive revenue growth in Q1 2024, driven by Enterprise PC products and new Wireless offerings.
The company is optimistic about a recovery in 2024 and emphasizes the importance of module partners for market expansion.
Challenges include optimizing performance in Enterprise and Automotive segments while focusing on operational efficiency.
Opportunities lie in the Mobile market trends, leveraging module partners for business impact, and engaging with investors for growth.

Synaptics meets Q2 expectations, focuses on Core IoT growth

Synaptics' Q2 performance met expectations with revenue slightly above guidance. The company is focusing on Core IoT and mobile products for growth, while facing challenges in enterprise and automotive segments. Opportunities lie in new wireless design wins and AI integration in IoT devices.

Synaptics reports Q4 revenue growth, eyes IoT and enterprise for Q1

Synaptics demonstrated resilience and growth in core IoT and key product segments, with revenue exceeding expectations in Q4 2024.
While facing challenges in overall revenue decline, the company's focus on stability and growth areas positions it well for future opportunities.
Strategic guidance for Q1 2025 underscores a commitment to key product lines and signals a proactive approach to driving revenue growth.

Synaptics reports robust Q1 earnings, eyes IoT growth opportunities

Synaptics delivered a strong performance in Q1 2025, marked by revenue growth, margin improvement, and earnings expansion, supported by a robust Core IoT segment.
The company's focus on operational efficiency, product diversification, and shareholder value enhancement bodes well for its long-term growth prospects and financial stability.
While challenges like sustaining growth and market uncertainties exist, Synaptics is poised to capitalize on opportunities in IoT, wireless, and other key segments for sustained success.

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Synaptics (SYNA) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will Synaptics (SYNA) Beat Estimates Again in Its Next Earnings Report?

SAN JOSE, Calif., Oct. 31, 2023 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (Nasdaq: SYNA) today announced the availability of the DVF120 power-efficient and cost-optimized system on chip (SoC) that leverages over a decade of Synaptics' domain experience to integrate all major features required for advanced UCC terminals.

Synaptics Introduces the DVF120, World's First AI SoC Optimized for Advanced Enterprise Unified Communication and Collaboration (UCC) Products

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SAN JOSE, Oct. 16, 2023 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (Nasdaq: SYNA ) today announced that it will report financial results for the first quarter of fiscal 2024 on Thursday, November 9, 2023 after the close of market. The Company will host a corresponding conference call for analysts and investors at 2:00 p.m. PT (5:00 p.m. ET), during which management may discuss forward-looking information.

Synaptics to Report First Quarter Fiscal 2024 Results on November 9, 2023

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Synaptics (SYNA) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Why Synaptics (SYNA) Might be Well Poised for a Surge

Synaptics has been crushed by the market, but it has all the parts in place to rebound. The company has reshuffled to focus on IoT and can benefit greatly from on-device AI.

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SAN JOSE, Calif., Sept. 07, 2023 (GLOBE NEWSWIRE) -- Synaptics Incorporated (Nasdaq: SYNA ) today reiterated its previous guidance for the first quarter of fiscal 2024 that was issued on August 3, 2023.

Synaptics Reaffirms Fiscal Q1 2024 Guidance Ahead of Investor Day Presentation

Synaptics Incorporated's profitability has rebounded, with gross margins increasing from 29.5% to 59.8% and net margins improving from -7.6% to 14.8%. The company has shifted its focus from mobile products to the IoT segment, with IoT product applications accounting for 69.9% of total revenue in 2023. The company's profitability has been supported by the growth of its IoT segment, but further margin improvement may be limited as the segment already constitutes 70% of revenue.

Synaptics: The Long-Awaited Turnaround

SAN JOSE, Calif., Aug. 16, 2023 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (Nasdaq: SYNA ) today announced the company will host a Financial Analyst & Investor Day on Thursday, September 7, 2023 from 2:00pm to 5:00pm ET at The Yale Club in New York City.

Synaptics to Host Investor Day on September 7, 2023

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SAN JOSE, Calif., Aug. 04, 2023 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (Nasdaq: SYNA ) today announced its participation in upcoming investor conferences.

Synaptics to Participate at Upcoming Investor Conferences Monday, August 7, 2023 and Tuesday, August 8, 2023

Synaptics (SYNA) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $3.87 per share a year ago.

Synaptics (SYNA) Tops Q4 Earnings and Revenue Estimates

Q4'23 Financial Results and Recent Business Highlights Revenue of $227.3 million GAAP gross margin of 44.5 percent Non-GAAP gross margin of 55.7 percent GAAP loss per share of $0.59 Non-GAAP diluted earnings per share of $0.49 SAN JOSE, Calif., Aug. 03, 2023 (GLOBE NEWSWIRE) -- Synaptics Incorporated (Nasdaq: SYNA ), today reported financial results for its fourth quarter and full year of fiscal 2023 ended June 24, 2023.

Synaptics Reports Fourth Quarter Fiscal 2023 Results

SAN JOSE, Calif., July 31, 2023 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (Nasdaq: SYNA) today announced that it has added new products and technologies to its wireless license agreement with Broadcom and extended its original 2020 exclusive rights in certain markets by three years to 2026. The deal adds Broadcom's best-in-class Wi-Fi 7, Bluetooth 6.0, and Bluetooth Enterprise True Wireless Stereo (TWS) IP to accelerate Synaptics' roadmap to meet the growing demand for robust IoT connectivity across an increasingly diverse range of applications such as home multimedia, automotive infotainment, security cameras, tablets, and audio headsets.

Synaptics Enters a New Wireless Deal with Broadcom

Synaptics, a leading developer and supplier of mixed-signal semiconductor solutions, has seen its Internet of Things (IoT) sales triple since FY 2020, now making up 63% of total sales. Despite a 3% price decline this year, SYNA stock is undervalued based on valuation ratios with peers and historical analysis, with a potential 17% upside according to a discounted cash flow analysis. If the company can achieve an optimistic 8% revenue CAGR beyond FY 2025, the stock has a potential 38% upside.

Synaptics Is A Buy Despite Severe Near-Term Headwinds

Synaptics Incorporated has generated around 72% of its total revenues from the IoT market in 2023, with the IoT market expected to generate a 26.1% CAGR between 2023 and 2030. The company has a strong portfolio of offerings, including ConnectSmart, DisplayLink, and VideoSmart, and is expanding into more smart solutions like fingerprint ID and efficient interaction solutions with devices. Synaptics has a massive share buyback plan, with $977 million still available for use, there is a lot of potential value for investors to get here.

Synaptics Incorporated: Battling Inventory Issues But Efficiently

SAN JOSE, Calif., July 13, 2023 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (Nasdaq: SYNA ) today announced that it will report financial results for the fourth quarter of fiscal 2023 on Thursday, August 3, 2023 after the close of market. The Company will host a corresponding conference call for analysts and investors at 2:00 p.m. PT (5:00 p.m. ET), during which management may discuss forward-looking information.

Synaptics to Report Fourth Quarter and Full Year Fiscal 2023 Results on August 3, 2023

The Triton FS7800 family comes in two easy-to-integrate sensor packaging options with NIST SP 800-193 protection for maximum security for the mobile workforce The Triton FS7800 family comes in two easy-to-integrate sensor packaging options with NIST SP 800-193 protection for maximum security for the mobile workforce

Synaptics Expands Industry Leading Match-in-Sensor (MiS) Fingerprint Authentication Portfolio with High-Performance, Frictionless Biometric Security Sensor

TAIPEI, Taiwan, May 29, 2023 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (Nasdaq: SYNA) today announced at Computex 2023 that it has combined its S9A0H NIST SP800-193 firmware qualified touch controller with Boréas Technologies Inc.'s piezo haptics technology to deliver a high-performance trackpad module. The module provides OEMs with both force sensing and best-in-class haptic feedback while enabling thin and light trackpads with a seamless transition from a large touch-enabled area to the chassis with a consistent click sensation across 100% of the active surface.

Synaptics Partners with Boréas Technologies to Deliver High-Performance Piezo Haptic Trackpads

The technology combines capacitive touch- and force-sensing technology with LRA haptic output for large, low-latency touch sensors in large, slim form factors with “click anywhere” capability The technology combines capacitive touch- and force-sensing technology with LRA haptic output for large, low-latency touch sensors in large, slim form factors with “click anywhere” capability

Synaptics Showcases AI-Enabled Vega Technology for Intuitive and Responsive Haptic Trackpads at Dell Technologies World

Emphasizes user presence detection along with a range of AI-enabled sensing, processing, and connectivity for the IoT, PC, enterprise, and the hybrid workforce Emphasizes user presence detection along with a range of AI-enabled sensing, processing, and connectivity for the IoT, PC, enterprise, and the hybrid workforce

Synaptics Showcases Productivity, Power Saving, and Security Enhancing Solutions for the Work-From-Anywhere Era at Dell Technologies World 2023

SAN JOSE, Calif., May 15, 2023 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (Nasdaq: SYNA ) today announced its participation in upcoming investor conferences.

News for Synaptics Stock (SYNA)