newsfilter
← Latest News
GlobeNewswire·

Synaptics Reports Fourth Quarter and Full Year Fiscal 2026 Results

SYNA
  • Synaptics reported fiscal 2026 revenue of $1.2 billion, an 11% increase year-over-year, marking the second consecutive year of double-digit growth.
  • Fiscal 2026 Core IoT product sales surged 43% year-over-year to $389.7 million, representing 33% of total sales.
  • Q4 2026 revenue reached $308.0 million, up 9% year-over-year, with Core IoT sales growing 24% to $104.6 million.
  • Q4 2026 GAAP gross margin was 47.3% while non-GAAP gross margin was 54.5%.
  • Fiscal 2026 GAAP net loss was $490.8 million ($12.62 per share), primarily due to a $425.3 million non-cash charge for a valuation allowance against U.S. deferred tax assets.
  • Fiscal 2026 non-GAAP net income was $185.9 million, or $4.58 per diluted share, a 27% increase year-over-year.
  • Q4 2026 non-GAAP net income was $50.1 million, or $1.23 per diluted share, with non-GAAP operating margin reaching 20%.
  • Synaptics repurchased approximately 1.3 million shares for $92.7 million during fiscal 2026.
  • The company announced a pending all-stock merger with onsemi, effective June 25, 2026, which will result in no earnings call or forward-looking guidance.
  • Management highlighted continued strength in Physical AI, Edge AI, robotics, and the upcoming sampling of AI-native Astra SR-Series microcontrollers.