Synaptics Q4 profit beats estimates on IoT demand

Synaptics Incorporated

06/08/2026 21:19

Overview
U.S. AI and IoT chipmaker's Q4 revenue rose 9%, slightly beating analyst expectations
Adjusted EPS for Q4 beat consensus, driven by Core IoT segment growth
Company repurchased $92.7 mln in shares during fiscal 2026

Outlook
Synaptics declines to provide forward-looking financial outlook due to pending acquisition by onsemi

Result Drivers
CORE IOT GROWTH - Company said Q4 and full-year results were driven by 24% and 43% year-over-year growth in Core IoT product sales
CUSTOMER ENGAGEMENTS & DESIGN WINS - Synaptics said expanded customer engagements and increased design wins contributed to results, especially in Physical AI and robotics
OPERATING MARGIN IMPROVEMENT - Co reported non-GAAP operating margin reached 20%, highest in 13 quarters, citing continued strength in Core IoT

Company press release: ID:nGNX2CTQJ

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Slight Beat*
$308 mln
$305.35 mln (13 Analysts)
Q4 Adjusted EPS
Beat
$1.23
$1.21 (13 Analysts)
Q4 Loss Per Share
 
$11.53
 
Q4 Adjusted Net Income
Beat
$50.10 mln
$48.90 mln (13 Analysts)
Q4 Adjusted Gross Margin
 
54.50%
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Reuters Recommended Reads
Aug 3 - Onsemi forecasts upbeat revenue on surging AI data center chip demand
Aug 5 - SiTime Q2 revenue jumps 127% on CED segment growth
Aug 5 - Power Integrations Q2 revenue beats, helped by growth in industrial markets

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)