Synaptics Q4 Beats on IoT Strength, Margins Hit 13-Quarter High
SYNA sits 78% above its 52-week low of $58.28.
Summary
Synaptics delivered a clean Q4 beat with revenue of $308M and adjusted EPS of $1.23, both ahead of consensus. Core IoT product sales surged 24% year-over-year in the quarter, driving non-GAAP operating margins to 20% — the highest in 13 quarters. The company also repurchased $92.7M in shares during fiscal 2026. Management declined to provide forward guidance, citing the pending all-stock acquisition by ON Semiconductor announced in June. The strong operational performance and margin expansion reinforce the standalone value of the business as the deal progresses toward close.
At the time of this announcement, SYNA was trading at $103.63 on NASDAQ in the Technology sector, with a market capitalization of approximately $4B. The 52-week trading range was $58.28 to $149.11. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.