SYNAPTICS Inc
Business
Synaptics designs and delivers AI-enabled edge semiconductor solutions for global OEMs, combining custom silicon and software platforms for edge AI, wireless connectivity, and human interface technologies across mobile, PC, smart home, industrial, and automotive applications. The company offers three primary product families: Veros wireless connectivity solutions (Wi-Fi, Bluetooth, UWB, Thread, Matter, GPS, GNSS), Astra AI processors (MPUs and MCUs for edge computing), and human interface products (touch, display, biometrics). Synaptics distributes through OEMs, contract manufacturers, and distributors globally, operating as a fabless semiconductor manufacturer using third-party foundries and backend processors.
Summary from 10-K filed 2025-08-21
Financials
Consolidated Statement of Income
| Concept | Trend | 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
| Concept | Trend | 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
| Concept | Trend | 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
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is SYNAPTICS Inc's CIK number?
SYNAPTICS Inc's SEC CIK number is 0000817720 (817720). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find SYNAPTICS Inc's SEC filings?
All of SYNAPTICS Inc's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did SYNAPTICS Inc last report earnings?
SYNAPTICS Inc (SYNA) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000817720-26-000035). This is SYNAPTICS Inc's most recent earnings filing of record — not a forecast of its next earnings date.
What is SYNAPTICS Inc's most recent earnings 8-K?
SYNAPTICS Inc's latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0000817720-26-000035. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View SYNAPTICS Inc's latest earnings 8-K →
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