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 (NASDAQ: SYNA) delivers cutting-edge semiconductor solutions powering intuitive human-device interactions across mobile, IoT, and computing ecosystems. This dedicated news hub provides investors and technology stakeholders with essential updates on the company’s innovations, financial performance, and market leadership.
Access real-time announcements including quarterly earnings, product launches, strategic partnerships, and technology breakthroughs. Our curated collection ensures you stay informed about SYNA’s advancements in touch interfaces, biometric security, and AI-enhanced connectivity solutions shaping next-generation devices.
Key updates cover R&D milestones, intellectual property developments, and executive insights while maintaining compliance with financial disclosure standards. Bookmark this page for streamlined access to Synaptics’ official communications and third-party analyses of their industry impact.
Synaptics reported its Q1 2021 financial results with revenue of $328.4 million, exceeding guidance. The GAAP gross margin was 41%; non-GAAP gross margin was 49.7%. The company posted a GAAP diluted loss per share of $0.08 but a non-GAAP diluted earnings per share of $1.85. Cash and short-term investments totaled $243.9 million. Looking ahead, Synaptics anticipates Q2 revenue between $340 million and $370 million with strong demand, particularly from IoT products, projecting non-GAAP gross margins above 50%.
Synaptics (SYNA) will report its financial results for Q1 fiscal 2021 on November 5, 2020, after market close. The company will host a conference call for analysts and investors at 2:00 p.m. PT (5:00 p.m. ET) to discuss the results and provide forward-looking information. Participants can join the call by dialing 1-833-614-1539, and a live webcast will also be available on the company's website. A telephonic replay of the call will be accessible until November 12, 2020.
Synaptics (SYNA) has announced it will power its San José headquarters with 100% renewable energy through the TotalGreen program by San Jose Clean Energy. This initiative aims to reduce the company's carbon footprint and aligns with its goal to use 50% renewable energy globally by 2022. Synaptics has also upgraded HVAC systems, increased data center temperatures, and switched to LED lighting to enhance energy efficiency. The TotalGreen service offers emission-free energy sourced from solar generation, contributing to San José's climate action plan.
Synaptics reported Q4 FY2020 revenue of $277.6 million, driven by a GAAP gross margin of 43.9% and a non-GAAP gross margin of 46.9%. The company achieved a GAAP diluted EPS of $2.55 and a non-GAAP diluted EPS of $1.24, marking record full-year earnings. The fourth quarter results included a pre-tax gain of $105 million from divesting the Mobile LCD TDDI business, yielding $139 million in cash proceeds. With $763.4 million in cash and operational cash flow of $53.5 million, Synaptics expresses optimism for FY2021 driven by recent acquisitions.
Synaptics (SYNA) has successfully acquired DisplayLink Corp., enhancing its leadership in universal docking solutions and video compression technology. This strategic move complements Synaptics' recent acquisition of Broadcom's wireless IoT connectivity portfolio. The CEO, Michael Hurlston, expressed optimism about integrating DisplayLink's innovative tech with existing products, aiming to drive growth in the IoT sector. The acquisitions are part of Synaptics' plan to diversify its offerings and bolster its competitive position in the market.
On July 23, 2020, Synaptics (SYNA) announced the completion of its acquisition of Broadcom's wireless IoT business. This acquisition enhances Synaptics' capabilities in Wi-Fi, Bluetooth, and GNSS/GPS technologies, allowing expansion into home automation, smart displays, and automotive applications. CEO Michael Hurlston highlighted the strategic move to bolster IoT growth and improve profitability. Additionally, 51 new employees were granted equity awards related to this acquisition, comprising restricted and performance stock units.
Synaptics (SYNA) has signed an agreement to acquire DisplayLink Corp. for $305 million in cash. The deal is expected to close in the first quarter of fiscal 2021 and is anticipated to generate approximately $94 million in annualized sales, enhancing Synaptics' non-GAAP gross margins and earnings. DisplayLink's technology allows high-performance video compression and universal docking across devices, supporting high-resolution displays. This acquisition aims to capitalize on market trends such as remote work and multiple display setups.
Synaptics (SYNA) announced it will report its fourth quarter fiscal 2020 results on August 5, 2020, after market close. A conference call for analysts and investors will be held at 2:00 p.m. PT (5:00 p.m. ET) to discuss the financial results and potential forward-looking information. Participants can join through a dedicated phone line or via a webcast available on the company's website. A replay will be accessible until August 10, 2020. Synaptics is recognized for innovative interface solutions across various industries including mobile and automotive.
Synaptics Incorporated has appointed Susan Hardman to its Board of Directors, effective May 22, 2020. Hardman brings extensive experience from her previous leadership roles in the semiconductor industry, including executive positions at Intersil Corporation and Exar. Her background in engineering and substantial knowledge in automotive and consumer technology sectors are expected to enhance the board's capabilities. This strategic addition aims to leverage her expertise to strengthen Synaptics' position in the human interface solutions market.
Synaptics Incorporated (SYNA) reported its third quarter fiscal 2020 results, highlighting a GAAP net income of $5.0 million and an EPS of $0.14. The non-GAAP net income stood at $52.3 million, with non-GAAP EPS at $1.49. The company's net revenue was $328.1 million, slightly below expectations due to COVID-19 impacts on supply chain and end-demand. Following the divestiture of its mobile LCD TDDI business for $120 million, Synaptics anticipates fourth quarter revenue between $260 million and $290 million, with a backlog of $240 million.
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