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 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.