Synaptics Incorporated Common Stock $0.001 Par Value (SYNA)

FairStock Score: 38/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I seek durable businesses purchased at a sensible price, with accounting that confirms the story. Synaptics sells semiconductor products for edge AI, wireless connectivity, touch, biometrics, audio, and related markets. The reported numbers do not yet support a durable moat. In fiscal 2024, it earned $125.6 million, or $3.16 per diluted share. In fiscal 2025, it lost $47.8 million, or $1.22 per share. In fiscal 2026, filed results show revenue of $1.2 billion, net income of -$490.8 million, and diluted EPS of -$12.62. Revenue did grow from $1.1 billion in fiscal 2025 to $1.2 billion in fiscal 2026, but the bottom line collapsed. That severe reversal leads FairStock to classify it as TURNAROUND: a loss in the latest year after earlier profits. Quarterly filings show continuing losses: fiscal Q3 2026, ended 2026-03-28, revenue $294.2 million, net income -$8.0 million, EPS -$0.21; fiscal Q2 2026, ended 2025-12-27, revenue $302.5 million, net income -$14.8 million, EPS -$0.38. The losses are narrowing, but the company is not yet profitable. Financial health is mixed: debt/equity is 0.94, Altman Z is 3.04, Piotroski is 4/9, and trailing free cash flow is $101.4 million, a 2.2% FCF yield. At the 2026-10-13 close of $119.44, FairStock calculations show P/B of 5.02, ROE of -42.23%, ROCE of -1.52%, and EV/EBITDA of 52.60. The $4.7 billion market cap already assumes a successful turnaround. Without evidence of sustained positive net income, the margin of safety is thin.

In plain English: Synaptics makes chips and software for touch, wireless, biometrics, audio, and edge AI devices. The business looks weak right now: it earned money in fiscal 2024 but lost a lot in fiscal 2026, even though sales grew a little. At $119.44 on 2026-10-13, the price looks expensive compared with those current profits and accounting value, though the company still generates some cash.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q3 2026 10-Q (period ended 2026-03-28) · fiscal Q2 2026 10-Q (period ended 2025-12-27) · fiscal Q1 2026 10-Q (period ended 2025-09-27) · fiscal Q3 2025 10-Q (period ended 2025-03-29) · FY2026 10-K (period ended 2026-06-27) · FY2025 10-K (period ended 2025-06-28) · FY2024 10-K (period ended 2024-06-29)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer