Synaptics (SYNA) FY2026 results: revenue $1.2 billion, up 11.4% on the year
Synaptics Inc. (SYNA) reported revenue of $1.2 billion for fiscal 2026, the year ended 27 June 2026, up 11.4% on the year before. Net income was -$491 million, and diluted earnings per share $-12.62. The figures are the company's own, from the 10-K it filed with the SEC on 10 August 2026.
this yearthe year beforeHover a bar for its figure.
The year in brief
What management said about the year
- Fiscal 2026 revenue rose 11%: Full-year revenue was $1.2 billion, up 11%, with Core IoT product sales up 43% and representing 33% of total sales.
- GAAP loss reflects tax charge: Fourth quarter GAAP net loss was $447.4 million, or $11.53 per basic share, including the tax charge described below; non-GAAP net income was $50.1 million.
- Core IoT sales grew 24% in quarter: Core IoT product applications revenue was $104.6 million in the quarter versus $84.2 million, and $389.7 million for the year versus $272.4 million.
- Gross margin flat for the year: GAAP gross margin was 47.3% in the quarter and 44.7% for the year; non-GAAP gross margin was 54.5% in the quarter and 53.7% for the year.
- Non-GAAP operating margin reached 20%: Non-GAAP operating income was $60.3 million in the quarter. Management described the 20% margin as its highest level in 13 quarters.
From this 10-K
Synaptics designs chips and software that device makers build into connected products, covering edge AI processing, wireless connectivity and human interface technologies such as touch, fingerprint, video, audio and speech. It sells standard and custom silicon and software platforms mainly to original equipment manufacturers. It was incorporated in California in 1986 and reincorporated in Delaware in 2002, and its fiscal year ends on the last Saturday in June.
The four quarters: Q1 FY2026 · Q2 FY2026 · Q3 FY2026 · Q4 FY2026
Income statement (profit and loss)
| $ million | FY2026 | FY2025 | FY2024 | On the year | Last 8 years |
|---|---|---|---|---|---|
| Revenue | 1,197 | 1,074 | 959 | +11.4% | |
| Cost of revenue | 662 | 594 | 520 | +11.4% | |
| Gross profit | 535 | 480 | 440 | +11.4% | |
| Gross margin | 44.7% | 44.7% | 45.8% | ||
| Research and development | 382 | 347 | 336 | +10.1% | |
| Selling, general and administrative | 198 | 180 | 161 | +10.0% | |
| Operating income | -67.1 | -94.1 | -102 | ||
| Operating margin | -5.6% | -8.8% | -10.6% | ||
| Interest expense | 23.4 | 39.8 | 65.3 | -41.2% | |
| Pre-tax income | -79.4 | -114 | -125 | ||
| Income tax | 411 | -65.7 | -250 | ||
| Net income | -491 | -47.8 | 126 | ||
| Net margin | -41.0% | -4.4% | 13.1% | ||
| Diluted EPS | -$12.62 | -$1.22 | $3.16 |
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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 | FY2026 | FY2025 | FY2024 | On the year | Last 8 years |
|---|---|---|---|---|---|
| Operating cash flow | 149 | 142 | 136 | +5.2% | |
| Capital expenditure | 48.0 | 25.8 | 33.8 | +86.0% | |
| Free cash flow | 101 | 116 | 102 | -12.7% | |
| Free cash flow margin | 8.5% | 10.8% | 10.6% | ||
| Cash from investing | 13.0 | -298 | -158 | ||
| Cash from financing | -112 | -331 | -25.1 | ||
| Depreciation and amortisation | n/a | n/a | 27.6 | ||
| Share-based compensation | 149 | 113 | 119 | +32.4% | |
| Buybacks | 92.7 | 128 | 0.0 | -27.7% | |
| Diluted shares, weighted | 39m | 39m | 40m | -1.0% | |
| Shares outstanding at period end | 39m | 39m | 40m | +1.1% |
Balance sheet
| $ million | FY2026 | FY2025 | FY2024 | On the year | Last 8 years |
|---|---|---|---|---|---|
| Shareholders' equity | 930 | 1,395 | 1,467 | -33.4% | |
| Debt | 837 | 835 | 973 | +0.3% | |
| Operating lease liabilities | 30.3 | 35.8 | 37.9 | -15.4% | |
| Other liabilities | 305 | 319 | 347 | -4.4% | |
| Total liabilities and equity | 2,102 | 2,584 | 2,825 | -18.7% | |
| Fixed assets | 86.9 | 72.1 | 75.5 | +20.5% | |
| Goodwill | 872 | 872 | 816 | 0.0% | |
| Intangible assets | 188 | 262 | 288 | -28.4% | |
| Investments | 0.0 | 61.0 | 0.0 | ||
| Cash and equivalents | 442 | 392 | 877 | +13.0% | |
| Receivables | 164 | 130 | 142 | +25.9% | |
| Inventory | 156 | 140 | 114 | +12.1% | |
| Other assets | 192 | 656 | 511 | -70.7% | |
| Total assets | 2,102 | 2,584 | 2,825 | -18.7% |
10-K for the year ended 27 June 2026, filed 10 August 2026: the filing.