Synaptics (NASDAQ:SYNA) Releases Earnings Results, Beats Expectations By $0.08 EPS

Synaptics (NASDAQ:SYNA) released its quarterly earnings results on Thursday. The software maker reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.08, FiscalAI reports. The firm had revenue of $294.20 million during the quarter, compared to the consensus estimate of $290.51 million. Synaptics had a negative net margin of 4.10% and a positive return on equity of 4.29%. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.90 EPS. 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 Trading Up 18.6%

Shares of Synaptics stock traded up $19.63 during mid-day trading on Friday, hitting $125.43. The stock had a trading volume of 2,175,736 shares, compared to its average volume of 876,174. The firm has a 50-day moving average of $79.18 and a two-hundred day moving average of $77.86. The firm has a market cap of $4.86 billion, a P/E ratio of -101.15, a price-to-earnings-growth ratio of 4.01 and a beta of 1.86. The company has a quick ratio of 2.33, a current ratio of 2.93 and a debt-to-equity ratio of 0.60. Synaptics has a 12-month low of $57.54 and a 12-month high of $129.78.

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SYNA. Barclays raised their price target on shares of Synaptics from $100.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday. JPMorgan Chase & Co. increased their price objective on shares of Synaptics from $100.00 to $115.00 and gave the company an “overweight” rating in a report on Friday. TD Cowen reissued a “buy” rating on shares of Synaptics in a research note on Friday, February 6th. Rosenblatt Securities boosted their target price on Synaptics from $95.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Finally, Wall Street Zen raised Synaptics from a “hold” rating to a “buy” rating in a report on Saturday. Ten investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $114.18.

Insider Buying and Selling

In related news, insider Lisa Bodensteiner sold 1,798 shares of the stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $81.87, for a total value of $147,202.26. Following the completion of the transaction, the insider directly owned 65,183 shares in the company, valued at approximately $5,336,532.21. This represents a 2.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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. Also, insider Vikram Gupta sold 1,548 shares of the firm’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $92.90, for a total value of $143,809.20. Following the sale, the insider directly owned 87,382 shares of the company’s stock, valued at approximately $8,117,787.80. This trade represents a 1.74% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 7,348 shares of company stock worth $618,827 over the last quarter. 0.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Synaptics by 5.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 90,704 shares of the software maker’s stock valued at $5,780,000 after acquiring an additional 4,917 shares during the period. M&T Bank Corp acquired a new position in Synaptics during the second quarter worth $205,000. First Trust Advisors LP lifted its stake in Synaptics by 9.8% during the second quarter. First Trust Advisors LP now owns 60,393 shares of the software maker’s stock worth $3,915,000 after purchasing an additional 5,393 shares in the last quarter. Marshall Wace LLP boosted its position in shares of Synaptics by 472.1% during the second quarter. Marshall Wace LLP now owns 89,490 shares of the software maker’s stock worth $5,801,000 after buying an additional 73,848 shares during the period. Finally, Federated Hermes Inc. boosted its position in shares of Synaptics by 9.1% during the second quarter. Federated Hermes Inc. now owns 23,352 shares of the software maker’s stock worth $1,514,000 after buying an additional 1,939 shares during the period. Hedge funds and other institutional investors own 99.43% of the company’s stock.

About Synaptics

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.