SAN JOSE, Calif., Feb. 19, 2026 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (Nasdaq: SYNA) today announced its participation in upcoming investor conferences. Ken Rizvi, Chief Financial Officer, will participate in Susquehanna’s Fifteenth Annual Technology Conference on Thursday, February 26, 2026Rahul Patel, President and Chief Executive Officer, and Ken Rizvi, Chief Financial Officer, will participate in Morgan Stanley Technology, Media & Telecom Conference on Tuesday, March 3, 2026 About Synaptics Incorp ...

Core Insights - Synaptics reported a strong fiscal Q2 2026 with revenue of $302.5 million, representing a 13% year-over-year increase, marking the fifth consecutive quarter of double-digit revenue growth [3][4][6] - The company emphasized a strategic shift towards "Physical and Edge AI," aligning with its focus on delivering power-efficient intelligent systems at the Edge [1][4] - Core IoT revenue surged by 53% year-over-year, primarily driven by robust performance in wireless connectivity products [1][4] Financial Performance - Non-GAAP EPS for Q2 was $1.21, up 32% year-over-year, with non-GAAP net income reported at $48.4 million [2][6] - Non-GAAP gross margin was 53.6%, slightly above the midpoint of guidance, while non-GAAP operating margin improved to 19.2%, up 160 basis points sequentially and 190 basis points year-over-year [2][6] - For fiscal Q3 2026, Synaptics guided revenue to approximately $290 million at the midpoint, with expected non-GAAP EPS of $1.00 [14][15] Product Development and Strategy - The Astra processor and microcontroller portfolio are central to Synaptics' Edge AI strategy, with sampling ahead of schedule and production expected soon [5][10][12] - The company is seeing early traction in robotics and humanoid applications, with product sampling for a major customer planning pilot shipments this year [5][7][9] - Touch sensing technology is highlighted as crucial for humanoid robots, enabling dexterity through integrated ML/AI algorithms [8][9] Market Trends and Guidance - Management noted improving supply conditions, although challenges remain in certain areas, particularly in mobile, which is characterized as stable [16] - The company ended Q2 with $158 million in inventory, reflecting a strategic decision to purchase inventory ahead of demand [17] - Looking ahead, the June quarter is expected to show slight growth compared to March, with a higher starting backlog for Q4 [19]

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Core Insights - Synaptics reported revenue of $302.5 million for the quarter ended December 2025, marking a year-over-year increase of 13.2% and exceeding the Zacks Consensus Estimate of $299.83 million by 0.89% [1] - The company achieved an EPS of $1.21, up from $0.92 a year ago, and surpassed the consensus EPS estimate of $1.15 by 5.22% [1] Financial Performance Metrics - Core IoT product applications generated net revenue of $93.2 million, slightly above the average estimate of $93.05 million from three analysts [4] - Enterprise and Automotive product applications reported net revenue of $161.1 million, exceeding the three-analyst average estimate of $158.94 million [4] - Mobile product applications achieved net revenue of $48.2 million, surpassing the estimated $47.82 million from three analysts [4] Stock Performance - Synaptics shares have returned +5.8% over the past month, compared to a +0.5% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

分组1 - Synaptics reported quarterly earnings of $1.21 per share, exceeding the Zacks Consensus Estimate of $1.15 per share, and showing an increase from $0.92 per share a year ago, resulting in an earnings surprise of +5.22% [1] - The company achieved revenues of $302.5 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 0.89%, and up from $267.2 million year-over-year [2] - Synaptics has consistently outperformed consensus EPS and revenue estimates over the last four quarters [2] 分组2 - The stock has gained approximately 18.5% since the beginning of the year, significantly outperforming the S&P 500's gain of 0.5% [3] - The current consensus EPS estimate for the upcoming quarter is $0.98 on revenues of $284.63 million, and for the current fiscal year, it is $4.36 on revenues of $1.18 billion [7] - The Electronics - Semiconductors industry, to which Synaptics belongs, is currently ranked in the top 27% of over 250 Zacks industries, indicating a favorable outlook [8]

Financial Data and Key Metrics Changes - Total company revenue increased by 13% year-over-year to $302.5 million, marking the fifth consecutive quarter of double-digit growth [6][16] - Non-GAAP earnings per share rose by 32% year-over-year to $1.21 [6][17] - Non-GAAP gross margin for Q2 was 53.6%, slightly above guidance [17] Business Line Data and Key Metrics Changes - Core IoT product revenues surged by 53% year-over-year, driven by strong performance in wireless connectivity products [16][17] - Enterprise and automotive product revenues increased modestly year-over-year, while mobile touch product revenues grew by 3% [16][17] Market Data and Key Metrics Changes - The revenue mix for Q2 was 31% from core IoT, 53% from enterprise and automotive, and 16% from mobile touch products [16] - The company is seeing early traction in robotics and humanoids, indicating a growing market for its intelligent sensing portfolio [8][9] Company Strategy and Development Direction - The company is focusing on Physical and Edge AI, aligning its product strengths with market trends [7][14] - Synaptics is expanding its partner ecosystem in industrial markets and enhancing its product offerings, including the Astra multimodal microprocessors [9][10] - The integration of processors and connectivity teams aims to accelerate the roadmap for delivering integrated solutions [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the stability of the premium tier mobile market despite supply chain challenges [24][25] - The company anticipates meaningful revenue contributions from the Astra product line starting in calendar 2027, which is expected to positively impact gross margins [29][30] - The outlook for Q3 includes expected revenues of approximately $290 million, with a focus on maintaining gross margins around 53.5% [20][21] Other Important Information - The company ended Q2 with approximately $437.4 million in cash and cash equivalents, down from the previous quarter due to share repurchases [18] - Inventory levels increased to $158 million, reflecting a strategic decision to purchase inventory ahead of demand [19] Q&A Session Summary Question: Concerns about supply issues in mobile and PC businesses - Management indicated that the premium tier mobile market remains stable and is less affected by supply pressures compared to the broader market [24][25][26] Question: Timing for Astra products to contribute to revenue - Management expects Astra products to start contributing meaningfully to revenue in calendar 2027, with positive impacts on gross margins [29][30] Question: Guidance on gross margins for the upcoming quarter - Management confirmed guidance for gross margins in the mid-53% range for Q3, influenced by product mix and volume [32][33] Question: Update on automotive business performance - Automotive remains a small portion of the business, with focus shifting towards enterprise and core IoT markets [42] Question: Insights on channel inventory levels - Channel inventories are reported to be lean, indicating a healthy demand-supply balance [78]

Financial Data and Key Metrics Changes - Total company revenue increased by 13% year-over-year to $302.5 million, marking the fifth consecutive quarter of double-digit growth [7][17] - Non-GAAP earnings per share rose by 32% year-over-year to $1.21 [7][18] - Non-GAAP gross margin for Q2 was 53.6%, slightly above guidance [18] - Non-GAAP operating margin improved to 19.2%, up approximately 190 basis points year-over-year [18] Business Line Data and Key Metrics Changes - Core IoT product revenues surged by 53% year-over-year, driven by strong wireless connectivity products [17][18] - Enterprise and automotive product revenues increased modestly year-over-year, slightly ahead of expectations [18] - Mobile touch product revenues grew by 3% year-over-year, despite ongoing supply challenges [18] Market Data and Key Metrics Changes - The revenue mix for Q2 was 31% from core IoT, 53% from enterprise and automotive, and 16% from mobile touch products [17] - The company is seeing early traction in robotics and humanoids, indicating a growing market for its intelligent sensing portfolio [9][10] Company Strategy and Development Direction - The company is focusing on Physical and Edge AI, aligning its product strengths with market trends [8][15] - Synaptics is expanding its partner ecosystem in industrial markets and enhancing its Edge AI portfolio with new products [11][12] - The integration of processors and connectivity teams aims to accelerate the roadmap for delivering integrated solutions [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the stability of the premium tier mobile market, indicating resilience against supply pressures [25][26] - The company anticipates meaningful revenue contributions from its Astra product line starting in calendar 2027, which is expected to improve gross margins [30][31] - Management highlighted a strong backlog and healthy bookings levels, indicating a positive outlook for the upcoming quarters [59] Other Important Information - The company ended Q2 with approximately $437.4 million in cash and cash equivalents, down from the previous quarter due to share repurchases [19] - Cash flow from operations was $30 million, with capital expenditures of $11.6 million for the quarter [19] Q&A Session Summary Question: Supply issues in mobile and PC business - Management noted that the premium tier mobile business is stable and not significantly affected by supply pressures, particularly in memory costs [25][26][27] Question: Astra product line and revenue contribution - Management confirmed that Astra products are expected to contribute meaningfully to revenue and gross margins starting in 2027 [30][31] Question: Guidance and gross margins - Management indicated that gross margins are expected to remain in the mid-53% range for Q3, influenced by product mix and volume [34] Question: Automotive business performance - Automotive remains a small portion of the business, with focus shifting towards enterprise and core IoT markets [42] Question: Channel inventory levels - Management stated that channel inventories are lean and aligned with end market demand, indicating no significant headwinds [78]

Financial Data and Key Metrics Changes - Total company revenue increased by 13% year-over-year to $302.5 million, marking the fifth consecutive quarter of double-digit growth [5][15] - Non-GAAP earnings per share rose by 32% year-over-year to $1.21, reflecting strong earnings growth [5][16] - Non-GAAP gross margin for Q2 was 53.6%, slightly above guidance [16] Business Line Data and Key Metrics Changes - Core IoT product revenues surged by 53% year-over-year, driven by strength in wireless connectivity products [15][16] - Enterprise and automotive product revenues increased modestly year-over-year, while mobile touch product revenues grew by 3% year-over-year [15][16] Market Data and Key Metrics Changes - The revenue mix for Q2 was 31% from core IoT, 53% from enterprise and automotive, and 16% from mobile touch products [15] - The company is seeing strong interest in its Astra multimodal microprocessors across various industries, including security and smart home appliances [9][10] Company Strategy and Development Direction - The company is focusing on Physical and Edge AI, positioning itself for long-term growth by delivering power-efficient intelligent systems at the edge [6][7] - Synaptics is expanding its partner ecosystem in industrial markets and has secured design wins with tier one consumer electronics OEMs [10][12] - The company is combining its processors and connectivity teams to better align resources and accelerate its product roadmap [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the stability of the premium tier of the mobile market, indicating that it is less affected by supply pressures [23][25] - The company anticipates meaningful revenue contributions from its Astra product line starting in calendar 2027, which is expected to positively impact gross margins [27] Other Important Information - The company ended Q2 with approximately $437.4 million in cash and cash equivalents, down from the previous quarter due to share repurchases [17] - Cash flow from operations was $30 million, with capital expenditures of $11.6 million for the quarter [17] Q&A Session Summary Question: Concerns about supply issues in mobile and PC businesses - Management indicated that the premium tier of the mobile market remains stable and is not experiencing substantial pressure from supply issues [23][25] Question: Timing for Astra products to contribute to core IoT business - Management expects meaningful revenue contributions from Astra products starting in calendar 2027, which will also improve gross margins [27] Question: Guidance on gross margins for the upcoming quarter - Management guided for non-GAAP gross margins to be around 53.5% for Q3, with expectations of some variability based on product mix [32] Question: Update on automotive business performance - Automotive remains a small portion of the overall business, with focus shifting more towards enterprise and core IoT markets [41] Question: Insights on channel inventory levels - Management noted that channel inventories are lean and have normalized, indicating healthy demand [76]

Second Quarter Fiscal 2026 Earnings Supplemental Slides February 5, 2026 © 2026 Synaptics Incorporated 1 Safe Harbor Statement This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the safe harbors created under the Securities Act of 1933, as amended, and the Securities Act of 1934, as amended. Such forward-looking statements include words such as "expect," "anticipate," "intend," "believe," "estimate," "plan," "target," "strateg ...

Revenue Performance - Net revenue for Q2 fiscal 2026 was $302.5 million, a 13.2% increase from $267.2 million in Q2 fiscal 2025, driven by a 52.5% increase in Core IoT product applications[103][109] - For the six months ended December 2025, net revenue was $595.0 million, a 13.4% increase from $524.9 million in the same period last year[110] Product Contributions - Core IoT product applications generated $93.2 million, accounting for 30.8% of total net revenue, with units sold increasing by 32.0% and average selling prices rising by 9.6%[109][111] - Enterprise and Automotive product applications contributed $161.1 million, or 53.3% of net revenue, despite an 8.2% decrease in units sold and a 1.3% decrease in average selling prices[109][111] - Mobile product applications accounted for $48.2 million, or 15.9% of net revenue, with units sold increasing by 14.5% but average selling prices decreasing by 10.4%[109][111] Gross Margin - Gross margin for Q2 fiscal 2026 was 43.5%, down from 45.7% in Q2 fiscal 2025, primarily due to increased amortization of acquired intangible assets[104] - Gross margin for the three months ended December 2025 was 43.5%, down from 45.7% in the same period of 2024, with gross margin amounting to $131.7 million compared to $122.2 million[112] - For the six months ended December 2025, gross margin was 43.1%, a decrease from 46.3% in the prior year, with gross margin of $256.3 million compared to $243.1 million[113] Operating Expenses - Operating expenses totaled $146.8 million, representing 48.5% of net revenue, compared to 51.4% in the same quarter last year[108] - Research and development expenses increased by $11.8 million to $95.1 million for the three months ended December 2025, driven by higher wages and stock-based compensation related to Broadcom acquisitions[115] - Selling, general, and administrative expenses decreased by $1.7 million to $47.8 million for the three months ended December 2025, primarily due to lower professional service fees[117] Cash Flow and Liquidity - The company generated $29.8 million in cash from operating activities during the quarter, with cash and cash equivalents totaling $437.4 million[105] - Cash provided by operating activities for the six months ended December 2025 was $60.0 million, significantly up from $11.4 million in the same period a year ago[132] - Cash provided by investing activities during the six months ended December 2025 was $37.2 million, compared to cash used of $14.6 million in the prior year[134] - As of December 2025, cash and cash equivalents were $437.4 million, an increase from $391.5 million in June 2025[130] - The company had $350.0 million available under its revolving credit facility as of December 2025, with no outstanding balance[136] Market Conditions - The company continues to monitor macroeconomic conditions and trade policies that may impact customer demand and supply chain dynamics[106] - The current constrained availability of certain memory components may influence future order timing and customer development timelines[107] Financial Commitments - Unconditional purchase commitments as of December 2025 totaled $29.0 million, with $15.1 million due for the remainder of fiscal 2026[137] Interest Expense - Interest expense for the three months ended December 2025 was $6.0 million, a decrease of $6.3 million compared to the same period in 2024, attributed to the early repayment of the Term Loan Facility[124]