SYNAPTICS Inc

Listed Company

SYNACIK 0000817720NasdaqLarge AcceleratedSemiconductors & Related DevicesDelawareFY ends Jun 26

Period

FY 2025

Revenue

$1.07B

Net Income

$-47.80M

Total Assets

$2.58B

Equity

$1.39B

Shares Out

38.73M

Op. Cash Flow

$142.00M

Business

Synaptics Inc designs and delivers AI-enabled edge solutions that bring AI closer to end users and shape interactions with intelligent connected devices. It offers custom silicon and software platforms for edge AI, wireless connectivity and human interface technologies, including Astra AI processors, Veros wireless solutions, touch, display, biometrics, audio, speech, vision and security processing. Key business areas include Core IoT (wireless and processors), Enterprise & Automotive (PC touchpad/biometrics, video interface, automotive solutions) and Mobile applications (advanced touch/OLED support). Synaptics sells globally to OEMs through direct sales, contract manufacturers, distributors and value-added resellers across mobile, PC, smart home, industrial and automotive markets.

Summary from filing dated 2025-08-21

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Net revenue	1,074	959	1,355	1,740	1,340
Cost of revenue	594	520	639	797	728
Gross margin	480	440	716	943	611
Research and development	347	336	351	367	313
Selling, general and administrative	180	161	175	168	145
Acquired intangibles amortization	17	17	35	39	33
Intangible asset impairment charge	14	16	0	0	—
Restructuring costs	17	11	0	18	7
Total operating expenses	575	541	562	593	464
Operating (loss)/income	−94	−102	154	350	147
Interest and other income	27	42	27	3	3
Interest expense	−40	−65	−56	—	—
Loss on early extinguishment of debt	−7	0	0	−8	−300,000
(Loss)/income before provision for income taxes	−114	−125	126	—	—
(Benefit)/provision for income taxes	−66	−250	52	65	31
Net (loss)/income	−48	126	74	258	80
Basic (in dollars per share)	−1.22	3.2	1.86	6.6	2.29
Diluted (in dollars per share)	−1.22	3.16	1.83	6.33	2.08
Basic (in shares)	39	39	40	39	35
Diluted (in shares)	39	40	40	40.7	38

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Cash and cash equivalents	392	877	925	824	836
Short-term investments	61	0	10	52	0
Receivables, net	130	142	164	322	228
Inventories	140	114	137	170	82
Prepaid expenses and other current assets	30	29	37	36	33
Total current assets	752	1,162	1,272	1,403	1,180
Property and equipment, net	72	76	66	63	91
Goodwill	872	816	816	807	570
Acquired intangible assets	262	288	299	390	302
Deferred tax assets	409	346	68	—	—
Non-current other assets	217	137	41	134	53
Total assets	2,584	2,825	2,611	2,858	2,227
Accounts payable	99	88	46	142	98
Accrued liabilities	172	184	—	—	—
Current portion of long-term debt	0	6	—	—	487
Total current liabilities	271	277	260	463	787
Long-term debt	835	967	972	976	394
Other long-term liabilities	84	114	94	153	79
Total liabilities	1,190	1,358	1,368	1,592	1,260
$0.001 par value; 10,000,000 shares authorized; no shares issued and outstanding	0	0	0	0	—
$0.001 par value; 120,000,000 shares authorized, 70,611,845 and 69,683,991 shares issued, 38,642,761 and 39,567,552 shares outstanding, at June 2025 and June 2024, respectively	100,000	100,000	100,000	100,000	100,000
Additional paid-in capital	1,212	1,107	1,009	924	1,392
Treasury stock: 31,969,084 and 30,116,439 common shares at June 2025 and June 2024, respectively, at cost	−1,007	−878	—	—	—
Retained earnings	1,190	1,238	1,112	1,039	781
Total stockholders equity	1,395	1,467	1,243	1,266	967
Total liabilities and stockholders equity	2,584	2,825	2,611	2,858	2,227

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Net (loss)/income	−48	126	74	258	80
Share-based compensation costs	113	119	122	101	66
Depreciation	29	28	27	—	—
Acquired intangible assets amortization	114	82	130	124	110
Deferred taxes	−75	−289	−26	−30	−5
Intangible asset impairment charge	14	16	0	0	—
Other	25	25	27	6	0
Accounts receivable, net	12	22	161	−81	−26
Inventories	−25	7	25	−54	43
Prepaid expenses and other assets	12	−14	3	7	−9
Accounts payable	11	39	−96	23	32
Income taxes payable	−43	−19	−16	49	−2
Other accrued liabilities	4	−4	−101	17	−17
Net cash provided by operating activities	142	136	332	463	319
Acquisition of business, net of cash and cash equivalents acquired	−201	0	−16	−501	−627
Advance payment on intangible assets	0	−120	0	−30	—
Proceeds from maturities of investments	0	27	21	0	0
Proceeds from sale of investments	0	0	22	—	—
Purchases of short-term investments	−61	−17	0	−6	—
Purchases of property and equipment	−26	−34	−34	−31	−21
Purchase of intangible assets	−10	−14	0	0	0
Other	0	0	100,000	—	—
Net cash used by investing activities	−298	−158	−6	−483	−523
Proceeds from issuance of convertible notes, net of issuance costs	440	0	0	600	400
Payment of debt issuance costs on convertible senior notes and revolving credit facility	−4	0	0	−11	−6
Payments for capped call transactions related to convertible senior notes	−50	0	0	—	—
Proceeds from issuance of shares	14	16	18	15	28
Payroll taxes related to net share settlement of share-based awards	−20	−37	−55	−67	—
Repurchases of common stock, exclusive of excise taxes	−128	0	−184	0	0
Repayment of debt	−584	−8	−6	−3	−100
Other	900,000	3	5	3	—
Net cash used by financing activities	−331	−25	−221	14	274
Effect of exchange rate changes on cash and cash equivalents	2	−900,000	−4	−7	—
Net (decrease)/increase in cash and cash equivalents	−485	−48	101	−12	—
Cash paid for taxes, net of refunds	47	55	91	—	—
Cash paid for interest	39	63	52	25	10
Deferred payment of purchase consideration	3	0	0	—	—
Purchases of property and equipment in current liabilities	4	4	2	4	800,000
Receipt of intangible assets from advance payments	0	74	30	0	0

Filings

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