Overview
Synaptics fiscal Q1 2026 revenue rises 14% yr/yr, slightly beating analyst expectations
Adjusted EPS for fiscal Q1 2026 beats consensus, reflecting strong operational performance
Core IoT product sales increased 74% yr/yr, driving revenue growth
Outlook
Synaptics expects Q2 fiscal 2026 revenue of $300 mln ± $10 mln
Company projects Q2 GAAP gross margin of 43% ± 2%
Synaptics anticipates Q2 Non-GAAP EPS of $1.15 ± $0.15
Result Drivers
CORE IOT SALES - Core IoT product sales rose 74% yr/yr, significantly contributing to revenue growth
ASTRA PROCESSORS LAUNCH - Launched next-generation Astra processors for intelligent IoT edge applications
BUSINESS MOMENTUM - Co reports solid business momentum with improving revenue, growing pipeline, and increasing design-wins
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Revenue | Slight Beat* | $292.50 mln | $289.97 mln (10 Analysts) |
Q1 Adjusted EPS | Beat | $1.09 | $1.06 (11 Analysts) |
Q1 EPS | -$0.53 | ||
Q1 Adjusted Net Income | Beat | $43.30 mln | $41.39 mln (10 Analysts) |
Q1 Adjusted Gross Margin | 53.20% |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the semiconductors peer group is "buy"
Wall Street's median 12-month price target for Synaptics Inc is $80.00, about 12.3% above its November 5 closing price of $70.17
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 14 three months ago
Press Release: ID:nGNX61pdL6
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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