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) regularly issues news and updates that highlight its activities in Edge AI, semiconductor technology, and corporate governance. Company press releases cover topics such as financial results, product launches, technology demonstrations, strategic collaborations, investor conference participation, and changes to the Board of Directors and equity plans.
Recent announcements include quarterly and annual financial results, where Synaptics reports revenue trends, Core IoT product performance, and the launch of new Astra multimodal GenAI processors designed for intelligent IoT Edge applications. These earnings releases are typically accompanied by conference call details and supplemental materials for investors.
Synaptics also uses news releases to introduce new products and platforms, such as the Astra SL2600 series of Edge AI processors built on the Synaptics Torq Edge AI platform, and to describe demonstrations of AI-native processing, sensing, and connectivity at industry events like CES and IBC. These updates show how the company’s Astra, Veros, and multimodal sensing technologies are applied in smart home, industrial automation, robotics, personal devices, and video streaming equipment.
Other news items describe strategic engagements and partnerships, including collaborations to advance touch and fingerprint technologies across mobile and PC platforms, as well as corporate developments like Board appointments and share repurchase authorizations disclosed through SEC filings and press releases. Investors following SYNA news can track how Synaptics presents its progress in Edge AI, product roadmaps, ecosystem relationships, and capital allocation decisions over time.
This news page aggregates these public announcements so readers can review Synaptics’ latest press releases and historical updates in one place, with a focus on information the company has chosen to share about its technology, markets, financial reporting, and governance.
Synaptics has launched the Katana Edge AI platform in partnership with Eta Compute to target the demand for battery-powered devices in the IoT market. This platform integrates low-power SoC architecture with efficient AI software, optimizing for various applications like object recognition and environmental sensing. The Katana features a multi-core processor and is designed for low latency. Co-optimized with TENSAI Flow software, the platform aims to accelerate deployment through application-focused kits, enhancing innovation in a multi-billion dollar market.
Synaptics announced participation in four investor conferences. Jason Tsai will attend the Wells Fargo 2020 TMT Summit on December 1, 2020. Michael Hurlston, CEO, will present at the Credit Suisse Technology Conference on December 2, 2020, with a live webcast available on Synaptics' investor website. Dean Butler, CFO, will attend the Barclays Conference on December 9, 2020, and present at the Needham Growth Conference on January 12, 2021. This engagement emphasizes Synaptics' commitment to investor relations and enhancing market visibility for its innovative technology solutions.
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.