Synaptics Q4 profit beats estimates on IoT demand
SYNA•Capital returns and outlook
Synaptics said it repurchased $92.7 million in shares during fiscal 2026.
The company declined to provide a forward-looking financial outlook because of its pending acquisition by onsemi.
Quarterly results beat estimates
Synaptics said fourth-quarter revenue rose 9% and slightly beat analyst expectations, while adjusted earnings per share also beat consensus. The company said the quarter was driven by growth in its Core IoT segment.
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q4 Revenue | Slight Beat* | $308 mln | $305.35 mln (13 Analysts) |
| Q4 Adjusted EPS | Beat | $1.23 | $1.21 (13 Analysts) |
| Q4 Loss Per Share | $11.53 | ||
| Q4 Adjusted Net Income | Beat | $50.10 mln | $48.90 mln (13 Analysts) |
| Q4 Adjusted Gross Margin | 54.50% |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Core IoT strength drove the quarter
Synaptics said its fourth-quarter and full-year results were driven by 24% and 43% year-over-year growth in Core IoT product sales. The company also cited expanded customer engagements and increased design wins, especially in Physical AI and robotics.
The company said non-GAAP operating margin reached 20%, the highest in 13 quarters, citing continued strength in Core IoT.
