Synaptics (SYNA) FY2025 results: revenue $1.1 billion, up 12.0% on the year

Synaptics Inc. (SYNA) reported revenue of $1.1 billion for fiscal 2025, the year ended 28 June 2025, up 12.0% on the year before. Net income was -$48 million, and diluted earnings per share $-1.22. The figures are the company's own, from the 10-K it filed with the SEC on 21 August 2025.

Revenue

$1.1 billion

+12.0% on the year

FY2018FY2025

Operating margin

-8.8%

-10.6% a year earlier

FY2018FY2025

Net income

-$48 million

FY2018FY2025

Diluted EPS

-$1.22

FY2018FY2025

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2025 · Q2 FY2025 · Q3 FY2025 · Q4 FY2025

Income statement (profit and loss)

$ million	FY2025	FY2024	FY2023	On the year
Revenue	1,074	959	1,355	+12.0%
Cost of revenue	594	520	639	+14.3%
Gross profit	480	440	716	+9.2%
Gross margin	44.7%	45.8%	52.8%
Research and development	347	336	351	+3.1%
Selling, general and administrative	180	161	175	+11.8%
Operating income	-94.1	-102	154
Operating margin	-8.8%	-10.6%	11.4%
Interest expense	39.8	65.3	55.5	-39.1%
Pre-tax income	-114	-125	126
Income tax	-65.7	-250	52.4
Effective tax rate	n/a	n/a	41.6%
Net income	-47.8	126	73.6
Net margin	-4.4%	13.1%	5.4%
Diluted EPS	-$1.22	$3.16	$1.83

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	FY2025	FY2024	FY2023	On the year
Operating cash flow	142	136	332	+4.5%
Capital expenditure	25.8	33.8	34.2	-23.7%
Free cash flow	116	102	297	+13.8%
Free cash flow margin	10.8%	10.6%	21.9%
Cash from investing	-298	-158	-6.0
Cash from financing	-331	-25.1	-221
Depreciation and amortisation	n/a	27.6	27.4
Share-based compensation	113	119	122	-5.1%
Buybacks	128	0.0	184
Diluted shares, weighted	39m	40m	40m	-1.0%
Shares outstanding at period end	39m	40m	39m	-2.3%

Balance sheet

$ million	FY2025	FY2024	FY2023	On the year
Shareholders' equity	1,395	1,467	1,243	-4.9%
Debt	835	973	991	-14.2%
Operating lease liabilities	35.8	37.9	42.4	-5.5%
Other liabilities	319	347	335	-8.2%
Total liabilities and equity	2,584	2,825	2,611	-8.5%
Fixed assets	72.1	75.5	66.4	-4.5%
Goodwill	872	816	816	+6.8%
Intangible assets	262	288	298	-9.1%
Investments	61.0	0.0	9.6
Cash and equivalents	392	877	925	-55.4%
Receivables	130	142	164	-8.5%
Inventory	140	114	137	+22.4%
Other assets	656	511	195	+28.2%
Total assets	2,584	2,825	2,611	-8.5%

10-K for the year ended 28 June 2025, filed 21 August 2025: the filing.