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 announced plans to offer $400 million in convertible senior notes due 2031, with an additional $50 million option for initial purchasers. The notes will be senior, unsecured obligations with semi-annual interest payments. The company plans to use the proceeds to fund capped call transactions, repurchase up to $100 million of common stock, and repay its term loan facility. The notes will be convertible under certain conditions, with settlements in cash and potentially shares. Synaptics will have redemption rights after December 6, 2028, if stock price exceeds 130% of conversion price.
Synaptics (Nasdaq: SYNA) reported its Q1 fiscal 2025 results, ending September 28, 2024. Revenue was $257.7 million with a GAAP gross margin of 46.9% and a non-GAAP gross margin of 53.9%. The company posted a GAAP net loss of $23.1 million, or $0.58 per share, while non-GAAP net income was $32.5 million, or $0.81 per diluted share. Synaptics highlighted a 55% year-over-year growth in Core IoT products and continuous sequential growth in revenues. For Q2 fiscal 2025, the company projects revenues of $265M ± $15M, a GAAP gross margin of 45.0% ±1.5%, and a non-GAAP gross margin of 53.5% ± 1.0%. Expected GAAP loss per share is ($0.45) ± $0.20, with non-GAAP earnings per share of $0.85 ± $0.20. CFO Ken Rizvi stated the company continues to support growth initiatives and share repurchases despite forward visibility in some markets.
Synaptics (Nasdaq: SYNA) has expanded its presence in Hsinchu, Taiwan, making it the company's largest employee base globally. The expansion aims to capture opportunities in the $24B AI IoT market across consumer, automotive, enterprise, and industrial applications. The facilities will house teams developing AI-enabled Edge devices and serve as a hub for finance, sales, operations engineering, supplier management, wireless product development, and PC touch and fingerprint sensor solutions.
Synaptics Incorporated (Nasdaq: SYNA) has announced that it will release its financial results for the first quarter of fiscal 2025 on Thursday, November 7, 2024, after the market closes. The company will also host a conference call for analysts and investors at 2:00 p.m. PT (5:00 p.m. ET) on the same day. During this call, management may discuss the company's financial performance and outlook. This announcement provides shareholders and interested parties with advance notice of when to expect Synaptics' latest financial information and the opportunity to participate in the earnings call.
Synaptics has launched the Veros™ Seamless Intelligent Connectivity brand, introducing high-performance systems on chip (SoCs) for Wi-Fi® 6E, Bluetooth®, and 802.15.4. The new SoCs, SYN4383 and SYN43756E, target devices requiring high Wi-Fi throughput and range with seamless network interoperability. These chips extend Synaptics' wireless portfolio, known for superior performance, interoperability, and power efficiency.
The SYN4383 offers real simultaneous dual-band (RSDB) operation and greater system integration, while the SYN43756E adds a 6E Wi-Fi band and LE Audio to existing 2x2 Wi-Fi and Bluetooth combo SoCs. Veros integrates with Synaptics Astra™, an AI-native compute platform, to enhance Edge AI product development for various applications.
Synaptics Incorporated (Nasdaq: SYNA) has won the 2024 EDGE Award in the Machine Learning and Deep Learning category for its Synaptics Astra™ AI-native IoT compute platform. The annual awards, presented by Endeavor Media, recognize outstanding innovation in product design and function for the engineering industry.
The Astra platform simplifies Edge AI deployment by combining scalable hardware, unified software, open-source AI, a broad partner ecosystem, and best-in-class wireless connectivity. It is built on the SL-Series of AI systems on chip (SoCs) featuring Arm® Cortex® A-series CPUs and onboard NPU, DSP, and GPU engines. These processors deliver up to 8 TOPS performance for Edge inferencing and multi-modal processing.
The Astra Machina™ Foundation Series development kit supports the SL-Series, helping both beginners and experts quickly leverage the processors' AI capabilities, processing power, and wireless connectivity features. This recognition highlights Synaptics' leadership in enabling the rapid development and deployment of context-aware IoT Edge devices for consumer, enterprise, and industrial applications.
b<>com and Synaptics Incorporated (Nasdaq: SYNA) have announced the implementation of b<>com's *Sublima*™ algorithm on Synaptics' VS680 multimedia system on chip (SoC). This marks the first AI-enabled frame-accurate, dynamic SDR-to-HDR video conversion for set-top boxes. The algorithm leverages the VS680's optimized neural processing unit (NPU), 7.9 TOPS performance, heterogeneous architecture, and security capabilities.
The combination provides an efficient, AI-enriched approach to process video in real-time for enhanced experiences on STBs, OTT streaming devices, and smart TVs. The implementation will be showcased at IBC in Synaptics' Booth Hall 1, C.20. The VS680 platform enables a more compact and efficient way to convert video content to HDR format while maintaining quality and competitive pricing for consumer and industrial video systems.
Synaptics (Nasdaq: SYNA) has announced its participation in an upcoming investor conference. Michael Hurlston, President & CEO, and Ken Rizvi, CFO, will represent the company at Citi's 2024 Global TMT Conference and GEMS Conference on Thursday, September 5, 2024.
This event provides an opportunity for investors to gain insights into Synaptics' strategies, financial performance, and future outlook. The participation of top executives suggests the company's commitment to maintaining open communication with the investment community and showcasing its position in the technology sector.
Synaptics Incorporated (Nasdaq: SYNA) has announced its participation in two upcoming investor conferences. The company's CFO, Ken Rizvi, will be representing Synaptics at these events:
1. The 5th Annual Needham Virtual Semiconductor & SemiCap 1x1 Conference on Thursday, August 22, 2024. Rizvi will participate virtually in this event.
2. The Jefferies Semiconductor, IT Hardware & Communications Technology Conference on Wednesday, August 28, 2024.
These conferences provide Synaptics with opportunities to engage with investors and discuss the company's performance, strategies, and outlook in the semiconductor industry.
Synaptics (Nasdaq: SYNA) reported its Q4'24 and fiscal 2024 financial results. For Q4'24, revenue was $247.4 million, with a GAAP gross margin of 45.8% and non-GAAP gross margin of 53.4%. GAAP diluted EPS stood at $5.22, while non-GAAP diluted EPS was $0.64. Full-year fiscal 2024 revenue reached $959.4 million, with a GAAP gross margin of 45.8% vs. 52.8% the prior year, and a non-GAAP gross margin of 53.0% vs. 60.1% the prior year. GAAP net income was $125.6 million or $3.16 per diluted share, whereas non-GAAP net income was $89.4 million or $2.25 per diluted share. CEO Michael Hurlston noted improvements in supply chain challenges and demand, with Core IoT products growing 63% YoY in Q4. For Q1 fiscal 2025, the company projects revenue of $255M ± $15M, and a non-GAAP gross margin of 53.5% ± 1.0%.