Synaptics (SYNA) investor relations material

Executive summary

• Fiscal 2026 revenue rose 11% year-over-year to $1.2 billion, marking a second consecutive year of double-digit growth.

• Core IoT product sales surged 43% year-over-year, now comprising 33% of total sales.

• Q4 revenue reached $308.0 million, up 9% year-over-year, with Core IoT sales up 24%.

• Non-GAAP diluted EPS for the year increased 27% to $4.58; Q4 non-GAAP EPS was $1.23.

• A pending all-stock acquisition by onsemi was announced, with no forward-looking guidance provided.

Financial highlights

• Q4 GAAP gross margin was 47.3%; non-GAAP gross margin was 54.5%.

• Fiscal year GAAP gross margin held steady at 44.7%; non-GAAP gross margin was 53.7%.

• Q4 GAAP net loss was $447.4 million ($11.53 per share), including a $425.3 million non-cash tax charge.

• Fiscal year GAAP net loss was $490.8 million ($12.62 per share); non-GAAP net income was $185.9 million ($4.58 per share).

• Repurchased $92.7 million in shares (approx. 1.3 million shares) during the year.

Segment performance

• Core IoT product sales grew 43% year-over-year to $389.7 million for the year.

• Enterprise and Automotive product applications generated $641.1 million, up from $610.1 million year-over-year.

• Mobile product applications declined to $166.4 million from $191.8 million year-over-year.