| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 294.20 | 2.7% | 10.3% |
| Total Income | 294.20 | 2.7% | 10.3% |
| Expenditure | 306.90 | 3.4% | 4.8% |
| PBT | -15.20 | 13.1% | 44.5% |
| Net Profit | -8.00 | 46.0% | 63.3% |
| OPM | -4.32% | 0.67pp | 5.55pp |
| NPM | -2.72% | 2.17pp | 5.46pp |
| EPS | -0.21 | 44.7% | 62.5% |
Synaptics Reports Q3 FY26 Revenue Up 10% YoY
08 May 2026 · 8 May, 1:53 am
Summary
Synaptics Incorporated reported its financial results for the third quarter of fiscal 2026, which ended on March 28, 2026. The company's net revenue for the quarter was $294.2 million, representing a 10% year-over-year increase. GAAP net loss for the quarter was $8.0 million, or a loss of $0.21 per basic share, while non-GAAP net income was $44.1 million, or $1.09 per diluted share. The company anticipates full year fiscal 2026 Core IoT revenue to grow more than 40% year-over-year to over $385 million.
Key Highlights
- 1
Synaptics' revenue reached $294.2 million, reflecting a 10% increase year-over-year.
- 2
Core IoT product sales experienced substantial growth, increasing by 31% year-over-year.
- 3
The company's GAAP gross margin was 45.3% for the third quarter of fiscal 2026.
- 4
Non-GAAP gross margin stood at 53.6% for the third quarter.
- 5
GAAP loss per share was $0.21 for the third quarter of fiscal 2026.
- 6
Non-GAAP diluted earnings per share amounted to $1.09 for the third quarter.
- 7
The company expects full year fiscal 2026 Core IoT revenue to grow more than 40% year-over-year to over $385 million.
Management Comments
Rahul Patel
Synaptics delivered a solid third quarter of fiscal 2026, with double-digit year-over-year revenue growth driven by a 31% increase in Core IoT product sales. Revenue, non-GAAP gross margin, and non-GAAP EPS all exceeded the midpoints of our guidance, reflecting strong execution. Based on the mid-point of our fourth quarter outlook, we expect full year fiscal 2026 Core IoT revenue to grow more than 40% year-over-year to over $385 million. We are seeing accelerating activity in Physical AI and Edge AI, with increasing design wins and customer engagements. We continue to align our portfolio to capitalize on these emerging opportunities and remain confident in our ability to drive long-term growth.
Ken Rizvi
As we enter the June quarter, our backlog is healthy and our current outlook reflects expected sequential and year-over-year revenue growth. We remain focused on disciplined execution. Our balance sheet is strong, providing the flexibility to invest in our organic growth initiatives.”
Informational and educational content only. Not investment advice.