SYNAPTICS Inc SYNA
Synaptics designs and delivers artificial intelligence ("AI")-native edge solutions that bring AI closer to end users and transform how we engage with intelligent, connected devices, whether at home, at work, or on the move. We are a strategic partner for many global original equipment manufacturers ("OEM"), offering standard and custom silicon and software platforms for Edge AI, Physical AI, wireless connectivity and human interface technologies. Our Synaptics Astra™ family of processors and wireless solutions combine embedded compute, connectivity, and multimodal sensing to support intuitive, secure, and seamless experiences. Our touch, biometrics, AI-enabled wireless connectivity, video, vision, audio, and speech processing solutions support the next generation of intelligent devices that enhance how people live, work, and interact with technology.
Valuation FY2026 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.20B | $1.07B | $959.4M | $1.36B | $1.74B | $1.34B | $1.33B | $1.47B | $1.63B | $1.72B |
| Cost of revenue | $661.8M | $593.9M | $519.6M | $639.2M | $796.6M | $728.4M | $790.8M | $975.1M | $1.15B | $1.19B |
| Gross profit | $535.4M | $480.4M | $439.8M | $715.9M | $943.1M | $611.2M | $543.1M | $497.1M | $480.1M | $523.6M |
| R&D | $381.8M | $346.8M | $336.3M | $351.2M | $367.3M | $313.4M | $302.5M | $342.7M | $363.2M | $292.3M |
| SG&A | $198.3M | $180.3M | $161.3M | $175.0M | $168.4M | $144.9M | $127.0M | $131.3M | $154.0M | $137.6M |
| Total operating expenses | $602.5M | $574.5M | $541.4M | $561.6M | $592.7M | $464.2M | $474.2M | $503.4M | $542.0M | $458.9M |
| Operating income | -$67.1M | -$94.1M | -$101.6M | $154.3M | $350.4M | $147.0M | $68.9M | -$6.3M | -$61.9M | $64.7M |
| Interest expense | $23.4M | $39.8M | $65.3M | $55.5M | $30.2M | $29.5M | $22.5M | $21.2M | $22.2M | $6.0M |
| Pre-tax income | -$79.4M | -$113.5M | -$124.6M | $126.0M | $320.5M | $120.1M | $159.4M | -$20.8M | -$81.8M | $61.3M |
| Income tax | $411.4M | $65.7M | $250.2M | $52.4M | $64.6M | $31.4M | $38.6M | $300.0K | $40.5M | $12.2M |
| Net income | -$490.8M | -$47.8M | $125.6M | $73.6M | $257.5M | $79.6M | $118.8M | -$22.9M | -$124.1M | $48.8M |
| EPS, basic | -12.62 | -1.22 | 3.20 | 1.86 | 6.60 | 2.29 | 3.54 | -0.66 | -3.63 | 1.40 |
| EPS, diluted | -12.62 | -1.22 | 3.16 | 1.83 | 6.33 | 2.08 | 3.41 | -0.66 | -3.63 | 1.37 |
| Shares, diluted (wtd. avg.) | $38.9M | $39.3M | $39.7M | $40.2M | $41 | $38.3M | $34.8M | $34.6M | $34.2M | $35.6M |
Balance sheet
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $442.5M | $391.5M | $876.9M | $924.7M | $824.0M | $836.3M | $763.4M | $327.8M | $301.0M | $367.8M |
| Short-term investments | $0 | $61.0M | $0 | $9.6M | $52.0M | $0 | — | — | — | — |
| Receivables | $164.0M | $130.3M | $142.4M | $163.9M | $322.1M | $228.3M | $195.3M | $230.0M | $289.1M | $255.2M |
| Inventory | $156.4M | $139.5M | $114.0M | $137.2M | $169.7M | $82.0M | $102.0M | $158.7M | $131.2M | $131.4M |
| Total current assets | $787.0M | $751.9M | $1.16B | $1.27B | $1.40B | $1.18B | $1.08B | $731.1M | $739.5M | $792.0M |
| Property, plant and equipment | $86.9M | $72.1M | $75.5M | $66.4M | $62.9M | $91.2M | $84.3M | $103.0M | $117.8M | $113.8M |
| Goodwill | $872.3M | $872.3M | $816.4M | $816.4M | $806.6M | $570.0M | $360.8M | $372.8M | $372.8M | $206.8M |
| Other intangibles | $187.8M | $262.2M | $288.4M | $298.5M | $390.0M | $301.5M | $93.4M | $144.8M | $219.2M | $101.0M |
| Total assets | $2.10B | $2.58B | $2.83B | $2.61B | $2.86B | $2.23B | $1.69B | $1.41B | $1.50B | $1.27B |
| Accounts payable | $82.6M | $98.5M | $87.5M | $45.8M | $141.8M | $97.6M | $60.6M | $98.3M | $156.9M | $135.8M |
| Short-term debt | $439.6M | $0 | $6.0M | $6.0M | $6.0M | — | — | — | — | $15.0M |
| Total current liabilities | $701.3M | $270.9M | $277.2M | $260.1M | $463.4M | $786.7M | $244.1M | $253.9M | $283.8M | $310.4M |
| Long-term debt | $397.7M | $834.8M | $966.9M | $972.0M | $975.7M | $394.4M | $100.0M | — | — | $202.0M |
| Total liabilities | $1.17B | $1.19B | $1.36B | $1.37B | $1.59B | $1.26B | $874.7M | $752.5M | $770.5M | $526.5M |
| Retained earnings | $699.1M | $1.19B | $1.24B | $1.11B | $1.04B | $781.0M | $701.4M | $583.5M | $606.4M | $714.1M |
| Total equity | $929.5M | $1.39B | $1.47B | $1.24B | $1.27B | $967.2M | $819.1M | $656.4M | $729.3M | $740.2M |
Cash flow
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $149.4M | $142.0M | $135.9M | $331.5M | $462.7M | $319.2M | $221.8M | $154.2M | $145.0M | $152.9M |
| Depreciation and amortisation | $30.8M | $28.9M | $27.6M | $27.4M | — | — | — | — | — | — |
| Stock-based compensation | $149.3M | $112.8M | $118.8M | $122.0M | $100.8M | $66.1M | $49.3M | $59.0M | $71.3M | $61.8M |
| Capital expenditure | $48.0M | $25.8M | $33.8M | $34.2M | $31.1M | $21.1M | $16.3M | $23.7M | $34.1M | $31.4M |
| Investing cash flow | $13.0M | -$297.9M | -$157.7M | -$6.0M | -$482.7M | -$522.6M | $119.9M | -$20.9M | -$438.5M | -$42.3M |
| Financing cash flow | -$111.5M | -$331.4M | -$25.1M | -$221.3M | $14.3M | $274.1M | $93.9M | -$106.6M | $226.7M | -$94.1M |
| Buybacks | $92.7M | $128.3M | $0 | $183.5M | $0 | $0 | $30.2M | $118.5M | $93.6M | $88.0M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000817720-26-000055.
Others in SIC 3674
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| NVDA | NVIDIA CORP | $5.55T | 47.0x | 65.5% |
| AVGO | Broadcom Inc. | $1.70T | 75.0x | 23.9% |
| MU | MICRON TECHNOLOGY INC | $1.15T | 133.9x | 48.9% |
| AMD | ADVANCED MICRO DEVICES INC | $779.62B | 180.2x | 34.3% |
| INTC | INTEL CORP | $483.22B | — | -0.5% |
| AMAT | APPLIED MATERIALS INC /DE | $360.86B | 52.5x | 4.4% |
| TXN | TEXAS INSTRUMENTS INC | $236.02B | 47.4x | 13.0% |
| MRVL | Marvell Technology, Inc. | $196.03B | 72.8x | 42.1% |