# Synaptics Incorporated (SYNA)

> Source: Nexqual · https://nexqual.com/SYNA · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Synaptics Incorporated (SYNA), nexqual.com/SYNA" · informational, not investment advice.

**Price:** USD 117.04 (-0.39% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 117.5 · day 117.03–117.81 · 52w 58.28–149.11 · market cap $4.65B · NMS

## Key facts
- Last four reported quarters (through Jun 27, 2026): revenue $1.20B, net income -$491M (-41.0% margin), free cash flow $101M (SEC filings).
- 1 of 80 tracked superinvestors hold SYNA (13F, Q2 2026): 1 new, 0 added, 0 reduced, 0 unchanged.
- Analysts: Hold (mean 2.92 on a 1–5 scale) (13 analysts), mean target USD 129.33 (range 105–170).
- Total return with dividends: 1Y +64.7% vs S&P 500 +14.9%; 5Y -34.1% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 1.25, revenue estimate $316M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.74B | $1.36B | $959M | $1.07B | $1.20B | $1.20B |
| Gross profit | $943M | $716M | $440M | $480M | $535M | — |
| Operating income | $350M | $154M | -$102M | -$94.1M | -$67.1M | -$67.1M |
| Net income | $258M | $73.6M | $126M | -$47.8M | -$491M | -$491M |
| EPS (diluted) | $6.33 | $1.83 | $3.16 | -$1.22 | -$12.62 | — |
| Free cash flow | $432M | $297M | $102M | $116M | $101M | $101M |
| Gross margin | 54.2% | 52.8% | 45.8% | 44.7% | 44.7% | — |
| Operating margin | 20.1% | 11.4% | -10.6% | -8.8% | -5.6% | -5.6% |
| Net margin | 14.8% | 5.4% | 13.1% | -4.4% | -41.0% | -41.0% |
| Revenue growth | +29.9% | -22.1% | -29.2% | +12.0% | +11.4% | — |
| Cash + short-term investments | $876M | $934M | $877M | $453M | $443M | — |
| Total debt | $997M | $991M | $973M | $835M | $837M | — |
Fiscal years end Jun. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 27, 2026)
P/S 3.9x · EV/Sales 4.2x · P/FCF 45.8x · P/B 5.0x · FCF yield 2.18% · Earnings yield -10.56% · Buyback yield (TTM) 1.99% · Net debt $395M · EV $5.04B
P/E at fiscal year-ends: Jun 2024 27.9x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold SYNA. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| First Eagle Investment | First Eagle Investment Management | 0.02% | $14.0M | New position |

## Analysts
Consensus Hold (mean 2.92 on a 1–5 scale), 13 analysts; mean target USD 129.33 (low 105, high 170).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-02 | Wells Fargo | Downgrade | Overweight → Equal-Weight | $140 → $123 |
| 2026-10-02 | Rosenblatt | Target raised | Neutral | $115 → $123 |
| 2026-08-07 | Wells Fargo | Target lowered | Overweight | $160 → $140 |
| 2026-08-07 | Rosenblatt | Target lowered | Neutral | $160 → $115 |
| 2026-07-21 | Susquehanna | Target lowered | Neutral | $140 → $125 |
| 2026-07-01 | Mizuho | Target raised | Outperform | $128 → $170 |
| 2026-06-29 | Deutsche Bank | Downgrade | Buy → Hold | $125 |
| 2026-06-29 | Barclays | Downgrade | Overweight → Equal-Weight | $110 → $135 |
| 2026-06-26 | Wells Fargo | Target raised | Overweight | $155 → $160 |
| 2026-06-26 | Rosenblatt | Downgrade | Buy → Neutral | $180 → $160 |
| 2026-06-26 | Susquehanna | Downgrade | Positive → Neutral | $125 → $140 |
| 2026-06-26 | Needham | Downgrade | Buy → Hold |  |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +64.7% | -34.1% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +65.0% | -8.0% |
| Volatility (annualized) | 59.7% | 51.4% |
| Max drawdown | -39.5% (May 2026→Sep 2026) | -83.5% (Dec 2021→Apr 2025) |

## Peers (Semiconductors)
PI (Impinj, Inc.) USD 162.7 -9.01% · VSH (Vishay Intertechnology, Inc.) USD 27.03 -9.54% · CRUS (Cirrus Logic, Inc.) USD 110.49 -0.14% · DIOD (Diodes Incorporated) USD 81.64 -8.10% · ALGM (Allegro MicroSystems, Inc.) USD 31.69 -8.17% · MXL (MaxLinear, Inc) USD 65.28 -13.87%

## More
Full page: https://nexqual.com/SYNA · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by product line (quarter ended 2026-06-27)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Enterprise and Automotive product applications | $164.3M | 53.3% | +9.8% |
| Core IoT product applications | $104.6M | 34.0% | +24.2% |
| Mobile product applications | $39.1M | 12.7% | -20.2% |
| Total revenue | $308.0M | 100% | — |

## Revenue by region (quarter ended 2026-06-27)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| China | $125.3M | 40.7% | -10.4% |
| Taiwan | $93.0M | 30.2% | +16.8% |
| Japan | $34.2M | 11.1% | +28.1% |
| Other | $20.2M | 6.6% | +31.2% |
| South Korea | $19.6M | 6.4% | +0.0% |
| United States | $15.7M | 5.1% | +823.5% |
| Total revenue | $308.0M | 100% | — |

## Customer concentration

Period ended 2026-06-27: 17%, 11% of revenue from unnamed direct customers (10-K, filed 2026-08-10).

## Company outlook (8-K filed 2026-08-06)

- "In the fourth quarter, revenue, gross margin, and non-GAAP EPS were all above the mid-point of our guidance, and non-GAAP operating margin reached 20%, our highest level in 13 quarters and an improvement of 300 basis points year-over-year."
- "As a result, the company excludes share-based compensation from its internal operating forecasts and models."
- "As a result, the company excludes restructuring costs from its internal operating forecasts and models when evaluating its ongoing business performance."
- "The company excludes intangible asset impairment charge from its internal operating forecasts and models when evaluating its ongoing business performance."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $1.25 | $1.26 | -0.4% | $315.7M | 12 |
| Next quarter (ends 2026-12-31) | $1.36 | $1.37 | -1.0% | $328.4M | 12 |
| Current fiscal year (ends 2027-06-30) | $5.18 | $5.27 | -1.8% | $1.29B | 11 |
| Next fiscal year (ends 2028-06-30) | $6.58 | $6.54 | +0.6% | $1.47B | 6 |