Synaptics (NASDAQ:SYNA) Announces Earnings Results

09 May 2026, 14:24 by Doug Wharley · The Cerbat Gem

Synaptics (NASDAQ:SYNA – Get Free Report) released its quarterly earnings results on Thursday. The software maker reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08, FiscalAI reports. Synaptics had a positive return on equity of 4.29% and a negative net margin of 4.10%.The firm had revenue of $294.20 million during the quarter, compared to the consensus estimate of $290.51 million. During the same quarter in the prior year, the firm posted $0.90 EPS. The business’s revenue was up 10.4% on a year-over-year basis. Synaptics updated its Q4 2026 guidance to 1.050-1.350 EPS.

Here are the key takeaways from Synaptics’ conference call:

Strong quarterly financials — Q3 revenue $294.2M (+10% YoY), non‑GAAP EPS of $1.09 (+21% YoY), non‑GAAP gross margin 53.6%, and ~$404M cash with $39M of share repurchases in the quarter.
Product roadmap and partner momentum — Synaptics taped‑out its Astra SR semi‑custom SoC (sampling expected this fall), launched the Coral Dev Board with Google (Astra SL2610 + Coral NPU + Torq NPU), and is sampling an industry‑first Astra MCU with Wi‑Fi7/Bluetooth6; management expects meaningful Astra ramps in calendar 2027.
Large robotics/physical AI opportunity — pipeline expanded to >35 OEMs (including a leading generative AI OEM) with early sampling and multi‑product cross‑sell potential across tactile sensing, processing, and connectivity, though revenue timing remains cautious.
Working capital and cash‑flow cautions — operating cash flow was modest at $21.8M in Q3 while receivables rose to $162.5M (DSO up to 50 days) and inventory to $161.3M (106 days), which could weigh on near‑term liquidity and margin conversion.

Synaptics Stock Up 18.6%

Shares of Synaptics stock traded up $19.63 on Friday, reaching $125.43. 2,175,736 shares of the company were exchanged, compared to its average volume of 876,174. Synaptics has a one year low of $57.54 and a one year high of $129.78. The company has a market capitalization of $4.86 billion, a price-to-earnings ratio of -101.15, a PEG ratio of 4.01 and a beta of 1.86. The company has a current ratio of 2.93, a quick ratio of 2.33 and a debt-to-equity ratio of 0.60. The company has a 50-day moving average of $79.18 and a 200 day moving average of $77.86.

Analysts Set New Price Targets

A number of research firms have weighed in on SYNA. Barclays upped their price target on Synaptics from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday. Susquehanna upped their price target on Synaptics from $105.00 to $125.00 and gave the stock a “positive” rating in a research report on Friday. Wells Fargo & Company upped their price target on Synaptics from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. JPMorgan Chase & Co. upped their price target on Synaptics from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Rosenblatt Securities upped their price objective on Synaptics from $95.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Ten equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $114.18.

View Our Latest Report on SYNA

Synaptics News Roundup

Here are the key news stories impacting Synaptics this week:

Positive Sentiment: Synaptics reported Q3 adjusted EPS of $1.09, topping estimates, with revenue of $294.2 million also beating consensus; management said core IoT product sales jumped 31% year over year and highlighted multiple design wins in physical AI and robotics. Article: Synaptics Reports Third Quarter Fiscal 2026 Results
Positive Sentiment: The company issued Q4 EPS guidance of $1.05 to $1.35, above the analyst estimate of $0.95, which suggests better near-term earnings momentum.
Positive Sentiment: Analysts turned more constructive after the results: JPMorgan raised its target to $115 with an overweight rating, Barclays lifted its target to $110 with an overweight rating, and Susquehanna increased its target to $125 with a positive rating.
Neutral Sentiment: Synaptics also released an earnings call transcript and follow-up analysis pieces that largely reinforced the upbeat earnings picture rather than adding a new catalyst. Article: Synaptics Incorporated (SYNA) Q3 2026 Earnings Call Transcript Article: Synaptics (SYNA) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates Article: Synaptics (SYNA) Beats Q3 Earnings and Revenue Estimates

Insider Buying and Selling

In other news, insider Vikram Gupta sold 1,548 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $92.90, for a total transaction of $143,809.20. Following the sale, the insider owned 87,382 shares in the company, valued at $8,117,787.80. This represents a 1.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lisa Bodensteiner sold 1,798 shares of the company’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $81.87, for a total value of $147,202.26. Following the sale, the insider owned 65,183 shares in the company, valued at approximately $5,336,532.21. This represents a 2.68% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 7,348 shares of company stock worth $618,827. Company insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Synaptics

A number of large investors have recently added to or reduced their stakes in the business. Pacer Advisors Inc. raised its stake in Synaptics by 89.3% in the 4th quarter. Pacer Advisors Inc. now owns 9,706 shares of the software maker’s stock valued at $718,000 after acquiring an additional 4,578 shares during the period. Mercer Global Advisors Inc. ADV raised its stake in Synaptics by 9.8% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 4,678 shares of the software maker’s stock valued at $346,000 after acquiring an additional 418 shares during the period. Vident Advisory LLC bought a new stake in Synaptics in the 4th quarter valued at $363,000. Mackenzie Financial Corp bought a new stake in Synaptics in the 4th quarter valued at $1,785,000. Finally, Empowered Funds LLC raised its stake in Synaptics by 3.8% in the 4th quarter. Empowered Funds LLC now owns 4,667 shares of the software maker’s stock valued at $345,000 after acquiring an additional 173 shares during the period. Institutional investors own 99.43% of the company’s stock.

About Synaptics

(Get Free Report)

Synaptics Incorporated is a global developer and supplier of human interface solutions for computing, networking, communications, and entertainment devices. The company specializes in the design, development and integration of custom chips and software that enable intuitive, natural user interactions. Synaptics solutions support touch, display, audio and biometrics functions, facilitating seamless human-to-machine interfaces across a broad range of end markets.

Key product offerings include touch controllers for laptops and tablets, capacitive touchscreens and display drivers for mobile devices, fingerprint sensors and secure authentication modules, as well as advanced audio processing and voice enhancement technologies.