Synaptics Q2 revenue up 13%, slightly beats estimates

Synaptics Incorporated

05/02/2026 21:19

Overview

AI solutions provider's Q2 revenue rose 13% yr/yr, slightly beating analyst expectations

Adjusted EPS for Q2 beat analyst expectations, reaching $1.21

Core IoT product sales grew 53% yr/yr, driving overall revenue growth

Outlook

Synaptics expects Q3 revenue of $290 mln ± $10 mln

Company projects Q3 non-GAAP EPS of $1.00 ± $0.15

Result Drivers

CORE IOT GROWTH - Core IoT product sales increased by 53% year-over-year, significantly contributing to overall revenue growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Slight Beat*
$302.50 mln
$300.29 mln (13 Analysts)
Q2 Adjusted EPS
Beat
$1.21
$1.15 (13 Analysts)
Q2 EPS
-$0.38
Q2 Adjusted Net Income
Beat
$48.40 mln
$46.27 mln (12 Analysts)
Q2 Adjusted Gross Margin
53.60%


*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 10 "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 $95.00, about 8.3% above its February 4 closing price of $87.70

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release: ID:nGNX85SGwq

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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.)