Synaptics (NASDAQ:SYNA) Announces Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Synaptics (NASDAQ:SYNA) released its earnings results on Thursday. The software maker reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.08, FiscalAI reports. The business had revenue of $294.20 million for the quarter, compared to analyst estimates of $290.51 million. Synaptics had a negative net margin of 4.10% and a positive return on equity of 4.29%. Synaptics’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.90 earnings per share. Synaptics updated its Q4 2026 guidance to 1.050-1.350 EPS.

Here are the key takeaways from Synaptics’ conference call:

• Strong quarterly financials — Q3 revenue $294.2M (+10% YoY), non‑GAAP EPS of $1.09 (+21% YoY), non‑GAAP gross margin 53.6%, and ~$404M cash with $39M of share repurchases in the quarter.
• Product roadmap and partner momentum — Synaptics taped‑out its Astra SR semi‑custom SoC (sampling expected this fall), launched the Coral Dev Board with Google (Astra SL2610 + Coral NPU + Torq NPU), and is sampling an industry‑first Astra MCU with Wi‑Fi7/Bluetooth6; management expects meaningful Astra ramps in calendar 2027.
• Large robotics/physical AI opportunity — pipeline expanded to >35 OEMs (including a leading generative AI OEM) with early sampling and multi‑product cross‑sell potential across tactile sensing, processing, and connectivity, though revenue timing remains cautious.
• Working capital and cash‑flow cautions — operating cash flow was modest at $21.8M in Q3 while receivables rose to $162.5M (DSO up to 50 days) and inventory to $161.3M (106 days), which could weigh on near‑term liquidity and margin conversion.

Synaptics Stock Up 18.6%

SYNA stock traded up $19.63 during trading on Friday, reaching $125.43. The stock had a trading volume of 2,175,736 shares, compared to its average volume of 876,174. Synaptics has a one year low of $57.54 and a one year high of $129.78. The company has a quick ratio of 2.33, a current ratio of 2.93 and a debt-to-equity ratio of 0.60. The company’s 50 day moving average is $79.18 and its two-hundred day moving average is $77.86. The company has a market capitalization of $4.86 billion, a price-to-earnings ratio of -101.15, a P/E/G ratio of 4.01 and a beta of 1.86.

Key Headlines Impacting Synaptics

Here are the key news stories impacting Synaptics this week:

• Positive Sentiment: Synaptics reported Q3 adjusted EPS of $1.09, topping estimates, with revenue of $294.2 million also beating consensus; management said core IoT product sales jumped 31% year over year and highlighted multiple design wins in physical AI and robotics. Article: Synaptics Reports Third Quarter Fiscal 2026 Results
• Positive Sentiment: The company issued Q4 EPS guidance of $1.05 to $1.35, above the analyst estimate of $0.95, which suggests better near-term earnings momentum.
• Positive Sentiment: Analysts turned more constructive after the results: JPMorgan raised its target to $115 with an overweight rating, Barclays lifted its target to $110 with an overweight rating, and Susquehanna increased its target to $125 with a positive rating.
• Neutral Sentiment: Synaptics also released an earnings call transcript and follow-up analysis pieces that largely reinforced the upbeat earnings picture rather than adding a new catalyst. Article: Synaptics Incorporated (SYNA) Q3 2026 Earnings Call Transcript Article: Synaptics (SYNA) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates Article: Synaptics (SYNA) Beats Q3 Earnings and Revenue Estimates

Insider Transactions at Synaptics

In other Synaptics news, insider Vikram Gupta sold 1,548 shares of the company’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $92.90, for a total value of $143,809.20. Following the completion of the sale, the insider directly owned 87,382 shares of the company’s stock, valued at approximately $8,117,787.80. This represents a 1.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lisa Bodensteiner sold 1,798 shares of the company’s stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $81.87, for a total transaction of $147,202.26. Following the completion of the sale, the insider directly owned 65,183 shares of the company’s stock, valued at $5,336,532.21. The trade was a 2.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 7,348 shares of company stock valued at $618,827 over the last ninety days. 0.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SYNA. Price T Rowe Associates Inc. MD boosted its holdings in Synaptics by 469.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 814,684 shares of the software maker’s stock worth $60,304,000 after buying an additional 671,647 shares during the period. AQR Capital Management LLC boosted its holdings in Synaptics by 186.2% in the 2nd quarter. AQR Capital Management LLC now owns 443,441 shares of the software maker’s stock worth $28,744,000 after buying an additional 288,523 shares during the period. Primecap Management Co. CA bought a new position in Synaptics in the 4th quarter worth approximately $15,670,000. Squarepoint Ops LLC boosted its holdings in Synaptics by 376.6% in the 2nd quarter. Squarepoint Ops LLC now owns 198,269 shares of the software maker’s stock valued at $12,852,000 after purchasing an additional 156,671 shares during the period. Finally, Orbis Allan Gray Ltd boosted its holdings in Synaptics by 9.9% in the 4th quarter. Orbis Allan Gray Ltd now owns 1,536,228 shares of the software maker’s stock valued at $113,712,000 after purchasing an additional 137,926 shares during the period. 99.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Synaptics from a “hold” rating to a “buy” rating in a report on Saturday. Zacks Research upgraded shares of Synaptics from a “strong sell” rating to a “hold” rating in a report on Thursday. Rosenblatt Securities upped their price objective on shares of Synaptics from $95.00 to $125.00 and gave the company a “buy” rating in a report on Friday, February 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of Synaptics in a report on Tuesday, April 21st. Finally, Wells Fargo & Company upped their price objective on shares of Synaptics from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. Ten equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $114.18.

Synaptics Company Profile

Synaptics Incorporated is a global developer and supplier of human interface solutions for computing, networking, communications, and entertainment devices. The company specializes in the design, development and integration of custom chips and software that enable intuitive, natural user interactions. Synaptics solutions support touch, display, audio and biometrics functions, facilitating seamless human-to-machine interfaces across a broad range of end markets.

Key product offerings include touch controllers for laptops and tablets, capacitive touchscreens and display drivers for mobile devices, fingerprint sensors and secure authentication modules, as well as advanced audio processing and voice enhancement technologies.