Earnings ·
Synaptics Reports Q1 Fiscal 2027 Revenue of $294M and Non-GAAP EPS of $1.26
SYNASYNAPTICS Inc
Synaptics reported first quarter fiscal 2027 results with revenue of $294.0 million, a 1% increase year-over-year. The company posted a GAAP net loss of $17.7 million, or $0.45 per share, while non-GAAP net income was $51.5 million, equating to $1.26 in diluted earnings per share. Gross margins stood at 47.8% on a GAAP basis and 54.3% on a non-GAAP basis. The company noted that revenue was impacted by supply constraints and smartphone demand softness, though it highlighted new product launches including the Astra SR200 series microcontrollers. Due to the pending all-cash acquisition by onsemi, Synaptics will not host an earnings call or provide forward-looking guidance. Synaptics is a semiconductor company specializing in touch, display, biometrics, and AI-driven wireless connectivity solutions for intelligent devices.