Human interface semiconductor firm Synaptics Q1 revenue beats estimates on strong core IoT product sales

Synaptics Incorporated

06/11/2025 22:30

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.)