Synaptics
SYNA Nasdaq Semiconductors Financials FY2017–FY2026
Synaptics' revenue rose 11.4% to $1.2 billion in fiscal 2026. Its operating margin was −5.6%, up from −8.8% a year earlier. Free cash flow was $101 million, down 12.7%. It paid out $93 million in dividends and buybacks, 91% of free cash flow. The diluted share count fell 1.0%.
About these figures. Synaptics had no current portion of debt at the end of fiscal 2018, only its convertible notes (checked against its balance sheet).
What Synaptics does
No business description yet.
- Legal name
- SYNAPTICS Inc
- Fiscal year ends
- June 27, 2026
- Latest annual report
- —
- Accession · CIK
- 0000817720-26-000055
0000817720
Revenue and margins
Synaptics had $1.2B of revenue in fiscal 2026, up 11.4% on the year before.
Net income and earnings per share
Loss periods are shown in red.
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Cash flow
Free cash flow was $101M in fiscal 2026, 8.5% of revenue. Cash from operations minus capital spending.
Dividends, buybacks and share count
Synaptics returned $92.7M to shareholders in fiscal 2026, 91% of free cash flow. The diluted share count fell 1.0%.
Value Synaptics yourself
Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.
Discounted cash flow
Value per share
—
Adds net cash of −$395M and divides by 38.9M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.
Balance sheet
Cash, debt and the ratios that show how comfortably Synaptics can carry it.
| Fiscal year end | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash and short-term investments | $876M | $934M | $877M | $453M | $443M |
| Debt incl. finance leases | $997M | $991M | $973M | $835M | $837M |
| Net debt / EBITDA | 0.3x | 0.3x | — | — | — |
| Debt / equity | 0.8x | 0.8x | 0.7x | 0.6x | 0.9x |
| Interest coverage | 11.6x | 2.8x | −1.6x | −2.4x | −2.9x |
| Current ratio | 3.0x | 4.9x | 4.2x | 2.8x | 1.1x |
| Quick ratio | 2.7x | 4.4x | 3.8x | 2.3x | 0.9x |
| Total assets | $2.9B | $2.6B | $2.8B | $2.6B | $2.1B |
| Total liabilities | $1.6B | $1.4B | $1.4B | $1.2B | $1.2B |
| Shareholders' equity | $1.3B | $1.2B | $1.5B | $1.4B | $930M |
| Net debt (− = net cash) | $121M | $56.7M | $96.0M | $382M | $395M |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$3.1M
4 insiders
Of sales under plans
100%
$3.1M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Oct 20, 2026 | Rahul G. PatelSee remarks below, Director | Sold plan | 4,302 | $117.55 | $0.5M | Form 4 |
| Sep 25, 2026 | Esther SongSee Remarks | Sold plan | 147 | $100.00 | $0.0M | Form 4 |
| Sep 21, 2026 | Rahul G. PatelSee remarks below, Director | Sold plan | 2,276 | $93.83 | $0.2M | Form 4 |
| Sep 18, 2026 | Esther SongSee Remarks | Sold plan | 63 | $92.63 | $0.0M | Form 4 |
| Sep 18, 2026 | Lisa BodensteinerSee Remarks | Sold plan | 334 | $92.63 | $0.0M | Form 4 |
| Aug 25, 2026 | Vikram GuptaSee Remarks | Sold plan | 4,277 | $94.49 | $0.4M | Form 4 |
| Aug 19, 2026 | Rahul G. PatelSee remarks below, Director | Sold plan | 2,276 | $105.39 | $0.2M | Form 4 |
| Aug 18, 2026 | Esther SongSee Remarks | Sold plan | 437 | $103.68 | $0.0M | Form 4 |
| Aug 18, 2026 | Lisa BodensteinerSee Remarks | Sold plan | 6,056 | $103.62 | $0.6M | Form 4 |
| Aug 18, 2026 | Vikram GuptaSee Remarks | Sold plan | 4,277 | $103.65 | $0.4M | Form 4 |
| Jul 27, 2026 | Vikram GuptaSee Remarks | Sold plan | 360 | $114.20 | $0.0M | Form 4 |
| Jul 20, 2026 | Rahul G. PatelSee remarks below, Director | Sold plan | 4,554 | $114.85 | $0.5M | Form 4 |
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY24 | FY25 | FY26 |
|---|---|---|---|
| Net income is positive | ✓ | ✕ | ✕ |
| Cash from operations is positive | ✓ | ✓ | ✓ |
| Return on assets rose | ✓ | ✕ | ✕ |
| Cash from operations exceeds net income | ✓ | ✓ | ✓ |
| Debt fell relative to assets | ✓ | ✓ | ✕ |
| Current ratio rose | ✕ | ✕ | ✕ |
| Share count didn't rise | ✓ | ✓ | ✓ |
| Gross margin rose | ✕ | ✕ | ✓ |
| Revenue rose relative to assets | ✕ | ✓ | ✓ |
| F-score | 6 / 9 | 5 / 9 | 5 / 9 |
| Accruals ratio | −0.4% | −7.0% | −27.3% |
| Altman Z'' | 4.38 | 3.71 | 1.97 |
Similar companies
Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score | |
|---|---|---|---|---|---|---|---|---|
| Synaptics SYNA | $4.6B | 11.4% | −5.6% | 8.5% | −3.4% | — | 5 | |
| Semtech SMTC | $12.9B | 15.5% | 3.1% | 16.3% | 2.9% | — | 7 | Compare → |
| MACOM Technology Solutions MTSI | $18.5B | 32.6% | 13.4% | 19.9% | 9.8% | 75.2x | 5 | Compare → |
| Allegro MicroSystems ALGM | $5.9B | 22.8% | 2.1% | 14.0% | 1.3% | — | 7 | Compare → |
| Silicon Labs SLAB | $7.3B | 34.3% | −9.0% | 8.4% | −7.0% | — | 5 | Compare → |
10 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $1.7B | $1.6B | $1.5B | $1.3B | $1.3B | $1.7B | $1.4B | $959M | $1.1B | $1.2B |
| Gross profit | $524M | $480M | $497M | $543M | $611M | $943M | $716M | $440M | $480M | $535M |
| Research and development | $292M | $363M | $343M | $303M | $313M | $367M | $351M | $336M | $347M | $382M |
| Operating income | $64.7M | −$61.9M | −$6.3M | $68.9M | $147M | $350M | $154M | −$102M | −$94.1M | −$67.1M |
| Interest expense | $6.0M | $22.2M | $21.2M | $22.5M | $29.5M | $30.2M | $55.5M | $65.3M | $39.8M | $23.4M |
| Pretax income | $61.3M | −$81.8M | −$20.8M | $159M | $120M | $321M | $126M | −$125M | −$114M | −$79.4M |
| Income tax | $12.2M | $40.5M | $0.3M | $38.6M | $31.4M | $64.6M | $52.4M | −$250M | −$65.7M | $411M |
| Net income | $48.8M | −$124M | −$22.9M | $119M | $79.6M | $258M | $73.6M | $126M | −$47.8M | −$491M |
| Diluted EPS | $1.37 | −$3.63 | −$0.66 | $3.41 | $2.08 | $6.33 | $1.83 | $3.16 | −$1.22 | −$12.62 |
| Diluted shares | 0.04B | 0.03B | 0.03B | 0.03B | 0.04B | 0.04B | 0.04B | 0.04B | 0.04B | 0.04B |
| Cash flow | ||||||||||
| Cash from operations | $153M | $145M | $154M | $222M | $319M | $463M | $332M | $136M | $142M | $149M |
| Capital expenditure | $31.4M | $34.1M | $23.7M | $16.3M | $21.1M | $31.1M | $34.2M | $33.8M | $25.8M | $48.0M |
| Free cash flow | $122M | $111M | $131M | $206M | $298M | $432M | $297M | $102M | $116M | $101M |
| Depreciation and amortization | $33.2M | $38.9M | $35.6M | $26.7M | $21.6M | $24.0M | $27.4M | $27.6M | $28.9M | $30.8M |
| Stock-based compensation | $61.8M | $71.3M | $59.0M | $49.3M | $66.1M | $101M | $122M | $119M | $113M | $149M |
| Acquisitions | $0.0M | $397M | $0.0M | $0.0M | $627M | $501M | $15.5M | $0.0M | $201M | $0.0M |
| Share buybacks | $88.0M | $93.6M | $119M | $30.2M | $0.0M | $0.0M | $184M | $0.0M | $128M | $92.7M |
| Dividends paid | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Dividends and buybacks | $88.0M | $93.6M | $119M | $30.2M | $0.0M | $0.0M | $184M | $0.0M | $128M | $92.7M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $368M | $301M | $328M | $763M | $836M | $876M | $934M | $877M | $453M | $443M |
| Total debt | $217M | $451M | $468M | $100M | $394M | $997M | $991M | $973M | $835M | $837M |
| Finance lease liabilities | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Current assets | $792M | $740M | $731M | $1.1B | $1.2B | $1.4B | $1.3B | $1.2B | $752M | $787M |
| Current liabilities | $310M | $284M | $254M | $244M | $787M | $463M | $260M | $277M | $271M | $701M |
| Inventory | $131M | $131M | $159M | $102M | $82.0M | $170M | $137M | $114M | $140M | $156M |
| Property and equipment, net | $114M | $118M | $103M | $84.3M | $91.2M | $62.9M | $66.4M | $75.5M | $72.1M | $86.9M |
| Total assets | $1.3B | $1.5B | $1.4B | $1.7B | $2.2B | $2.9B | $2.6B | $2.8B | $2.6B | $2.1B |
| Total liabilities | $527M | $771M | $753M | $875M | $1.3B | $1.6B | $1.4B | $1.4B | $1.2B | $1.2B |
| Shareholders' equity | $740M | $729M | $656M | $819M | $967M | $1.3B | $1.2B | $1.5B | $1.4B | $930M |
| Margins | ||||||||||
| Gross margin | 30.5% | 29.5% | 33.8% | 40.7% | 45.6% | 54.2% | 52.8% | 45.8% | 44.7% | 44.7% |
| Operating margin | 3.8% | −3.8% | −0.4% | 5.2% | 11.0% | 20.1% | 11.4% | −10.6% | −8.8% | −5.6% |
| EBITDA margin | 5.7% | −1.4% | 2.0% | 7.2% | 12.6% | 21.5% | 13.4% | −7.7% | −6.1% | −3.0% |
| Net margin | 2.8% | −7.6% | −1.6% | 8.9% | 5.9% | 14.8% | 5.4% | 13.1% | −4.5% | −41.0% |
| FCF margin | 7.1% | 6.8% | 8.9% | 15.4% | 22.3% | 24.8% | 21.9% | 10.6% | 10.8% | 8.5% |
| Returns | ||||||||||
| Return on capital | 8.8% | −6.7% | −0.6% | 11.0% | 31.9% | 29.3% | 6.7% | −5.6% | −4.5% | −3.4% |
| Return on capital employed | 6.8% | −5.7% | −0.5% | 5.3% | 10.2% | 18.3% | 6.5% | −4.2% | −3.9% | −3.6% |
| Return on equity | 6.8% | −16.9% | −3.3% | 16.1% | 8.9% | 23.1% | 5.9% | 9.3% | −3.3% | −42.2% |
| Return on assets | 3.8% | −9.0% | −1.6% | 7.7% | 4.1% | 10.1% | 2.7% | 4.6% | −1.8% | −21.0% |
| Growth | ||||||||||
| Revenue growth | 3.1% | −5.1% | −9.7% | −9.4% | 0.4% | 29.9% | −22.1% | −29.2% | 12.0% | 11.4% |
| Net income growth | −32.4% | −354.3% | — | — | −33.0% | 223.5% | −71.4% | 70.7% | −138.1% | — |
| EPS growth | −28.3% | −365.0% | — | — | −39.0% | 204.3% | −71.1% | 72.7% | −138.6% | — |
| FCF growth | −46.7% | −8.7% | 17.7% | 57.5% | 45.1% | 44.8% | −31.1% | −65.7% | 13.8% | −12.7% |
| Share count change | −6.1% | −3.9% | 1.2% | 0.6% | 10.1% | 6.3% | −1.2% | −1.2% | −1.0% | −1.0% |
| Financial health | ||||||||||
| Net debt / EBITDA | −1.5x | — | 4.8x | −6.9x | −2.6x | 0.3x | 0.3x | — | — | — |
| Debt / equity | 0.3x | 0.6x | 0.7x | 0.1x | 0.4x | 0.8x | 0.8x | 0.7x | 0.6x | 0.9x |
| Interest coverage | 10.8x | −2.8x | −0.3x | 3.1x | 5.0x | 11.6x | 2.8x | −1.6x | −2.4x | −2.9x |
| Current ratio | 2.6x | 2.6x | 2.9x | 4.4x | 1.5x | 3.0x | 4.9x | 4.2x | 2.8x | 1.1x |
| Quick ratio | 2.1x | 2.1x | 2.3x | 4.0x | 1.4x | 2.7x | 4.4x | 3.8x | 2.3x | 0.9x |
| Capital allocation | ||||||||||
| Capex / revenue | 1.8% | 2.1% | 1.6% | 1.2% | 1.6% | 1.8% | 2.5% | 3.5% | 2.4% | 4.0% |
| Stock comp / revenue | 3.6% | 4.4% | 4.0% | 3.7% | 4.9% | 5.8% | 9.0% | 12.4% | 10.5% | 12.5% |
| Payouts / FCF | 72.4% | 84.4% | 90.8% | 14.7% | 0.0% | 0.0% | 61.7% | 0.0% | 110.4% | 91.4% |
| Quality scores | ||||||||||
| Piotroski F-score | 6.0 | 4.0 | 6.0 | 7.0 | 4.0 | 6.0 | 6.0 | 6.0 | 5.0 | 5.0 |
| Altman Z'' | 6.2 | 4.0 | 4.5 | 5.8 | 3.6 | 5.0 | 5.3 | 4.4 | 3.7 | 2.0 |
| Accruals ratio | −8.1% | −19.5% | −12.2% | −6.6% | −12.2% | −8.1% | −9.4% | −0.4% | −7.0% | −27.3% |
Source: SEC EDGAR XBRL filings (CIK 0000817720). Data updated October 17, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.