Earnings Releases·Nov 5, 2026, 4:08 PM ET

Synaptics — First Quarter Fiscal 2027 Earnings Summary

Net revenue increased 1% year-over-year to $294.0 million, while GAAP net loss narrowed to $17.7 million ($0.45/share) from $20.6 million in the prior year quarter; Non-GAAP net income rose to $51.5 million ($1.26/share) from $43.3 million.
The pending acquisition by onsemi was restructured from an all-stock to an all-cash transaction via an agreement dated October 1, 2026, resulting in the suspension of quarterly earnings calls and forward-looking financial guidance.
Strategic initiatives include the launch of the xMCU (Astra SR200 series) for on-device AI, expansion of the Coralboard ecosystem with Google, and new licensing for automotive LCD TDDI technology.
Financial position shows $367.7 million in cash and cash equivalents, down from $442.5 million, with total debt at $838.0 million; net cash used in operating activities was $15.5 million versus $30.2 million provided in the prior year quarter.
Revenue faced headwinds from smartphone market softness and supply constraints, though management highlighted strong design activity and growth opportunities in Physical AI and Edge AI markets.