Welcome to our dedicated page for Synaptics news (Ticker: SYNA), a resource for investors and traders seeking the latest updates and insights on Synaptics stock.
Synaptics Incorporated develops semiconductor solutions for intelligent connected devices across IoT, PC, mobile and edge-AI markets. Company news commonly covers financial results, Core IoT product sales, design wins, and investor-conference activity, alongside updates to embedded compute, wireless connectivity and multimodal sensing products.
Recurring product developments include the Synaptics Astra AI-native embedded compute portfolio, Veros wireless connectivity, touch, display, biometrics, video, vision, audio, speech and security processing. Recent announcements also describe Edge AI boards, AI-native microcontrollers, Wi-Fi 7 connectivity, Bluetooth, Thread/Zigbee and on-device inference for smart home, industrial IoT, robotics, wearables and audio applications.
Synaptics (Nasdaq: SYNA) has announced its participation in two investor conferences. The first is at the Rosenblatt Securities Technology Summit on August 24, 2021, featuring SVP & Chief Strategy Officer Satish Ganesan and CFO Dean Butler at 11:00 AM PT. The second, the BMO 2021 Technology Summit, will have CFO Dean Butler presenting on August 25, 2021, also at 11:00 AM PT. Investors can access the webcasts via the provided links.
Synaptics focuses on enhancing user experiences across various connected devices, integrating advanced technologies in touch, display, and biometrics.
Synaptics (Nasdaq: SYNA) has announced participation in two investor conferences scheduled for August 2021. CEO Michael Hurlston will present at the KeyBanc Capital Markets Technology Leadership Forum on August 10 at 11:20 AM ET. CFO Dean Butler will attend the Oppenheimer 24th Annual Technology, Internet & Communications Conference on August 11. Synaptics specializes in enhancing user interactions with connected devices by integrating advanced connectivity and AI technologies.
Synaptics reported its Q4 and FY2021 financial results, with revenue hitting $327.8 million. The company achieved record gross margins, with GAAP at 52.1% and non-GAAP at 57.5%. GAAP diluted EPS stood at $0.48 and non-GAAP at $2.18. For FY2021, net revenue was flat at $1.34 billion, while net income decreased to $79.6 million or $2.08 per diluted share. Looking forward to Q1 FY2022, Synaptics expects revenue between $355 million and $385 million, with gross margins projected at 52.0% to 53.5%.
Synaptics Incorporated (NASDAQ: SYNA) has appointed Patricia Kummrow to its Board of Directors, effective July 27, 2021. Kummrow brings extensive experience from her roles at Intel Corporation and Hewlett-Packard, where she held senior management positions. Her background in engineering and knowledge of the semiconductor industry are expected to strengthen the board's expertise. Nelson Chan, Chairperson of the Board, emphasized her valuable skillset, which aligns with Synaptics' mission to enhance user experiences with connected devices.
Synaptics (SYNA) will announce its fiscal Q4 2021 financial results on August 5, 2021, after market close. A conference call for analysts and investors will take place at 2:00 p.m. PT, where management may discuss forward-looking information. Participation requires calling 1-833-614-1539 at least ten minutes prior. The call will also be available via a live and archived webcast on Synaptics' Investor Relations website. A telephonic replay will be accessible until August 13, 2021.
Synaptics Incorporated (Nasdaq: SYNA) has announced the integration of its Rio OLED touch controllers into the latest flagship smartphones from Oppo and OnePlus, enhancing touch performance on LTPO-enabled OLED displays. This technology allows for variable refresh rates, optimizing power efficiency and ensuring a seamless user experience without interference. Independent reviews highlight remarkable battery performance with the OnePlus 9, achieving over 10 hours on rigorous testing. Synaptics aims to lead in LTPO technology, addressing challenges previously limiting its wide adoption.
Synaptics (Nasdaq: SYNA) announced an irrevocable notice of redemption for its outstanding 0.50% Convertible Senior Notes totaling $525 million, due June 15, 2022. The redemption will occur on August 4, 2021, at 100% of the principal amount plus accrued interest. Noteholders can convert their notes until August 3, 2021, at a conversion rate of 13.7267 shares per $1,000 principal. The company plans to fund the cash component of the redemption and conversions using available cash. This announcement does not constitute an offer to buy or sell securities.
Synaptics Unveils AI-Enabled Touch Controller Juneau
On May 20, 2021, Synaptics (SYNA) announced Juneau, the first AI-enabled touch controller for OLED smartphones, enhancing performance and power efficiency. Key features include a 13-bit ADC for improved signal resolution, host-based processing enabling report rates over 300Hz, and an AI-based Face Detect function that eliminates the separate IR-proximity sensor, reducing BOM costs. Juneau is already qualified for mass production by major OLED manufacturers like Samsung Display Corporation, BOE, and LG Display, marking a significant advancement in smartphone technology.
Synaptics reported strong Q3 fiscal 2021 results, with revenue of $325.8 million and a GAAP gross margin of 47.7%. The non-GAAP gross margin reached a record 55.1%, while GAAP diluted EPS was $0.35 and non-GAAP diluted EPS was $2.03. Cash flow from operations hit a record $136.4 million. The company anticipates continued strength in Q4 with expected revenue between $310 million and $340 million, and a gross margin of 50.0% to 52.0%.
Synaptics (SYNA) will announce its fiscal Q3 2021 financial results on May 6, 2021, after market close. A conference call for analysts and investors will follow at 2:00 PM PT. Participants can join by calling 1-833-614-1539 with conference ID 8343487. The call will also be available via a live and archived webcast on Synaptics' investor relations website. Synaptics is focused on enhancing user engagement across various devices, integrating advanced technologies in touch, display, and biometrics.