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 (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.