Quarterly ResultMay 7, 2026, 04:33 PM
Synaptics Q3 Revenue $294.2M, Net Loss Narrows to $8.0M
AI Summary
Synaptics Inc. reported a significant increase in net revenue for the three months ended March 28, 2026, reaching $294.2 million, alongside a reduced net loss of $8.0 million. For the nine-month period, net revenue also grew to $889.2 million, though the net loss remained relatively stable at $43.4 million. The company also increased its cash and cash equivalents and continued its stock repurchase program.
Key Highlights
- Synaptics reported net revenue of $294.2 million for the three months ended March 28, 2026, up from $266.6 million year-over-year.
- Net loss for the quarter was $8.0 million, an improvement from a net loss of $21.8 million in the prior year.
- Basic and diluted net loss per share for the quarter was $(0.21), compared to $(0.56) in the same period last year.
- For the nine months ended March 28, 2026, net revenue increased to $889.2 million from $791.5 million.
- Net loss for the nine months was $43.4 million, slightly higher than $43.1 million in the prior year.
- Cash and cash equivalents increased to $404.4 million at March 2026 from $391.5 million at June 2025.
- The company repurchased $39.0 million of common stock during the quarter, with $67.4 million remaining in the program.
- Enterprise and Automotive product applications revenue was $168.0 million for the quarter, while Core IoT was $88.3 million and Mobile was $37.9 million.
Price Impact
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