Synaptics Reports First Quarter Fiscal 2027 Results
Key Highlights
- ➤Revenue $294.0 million, up 1% year-over-year
- ➤Non-GAAP diluted EPS $1.26; GAAP loss per share $0.45
- ➤Synaptics launched Astra SR200 series xMCUs for larger on-device AI models
- ➤onsemi acquisition restructured from all-stock to all-cash transaction
- ➤Supply constraints, memory demand dynamics, and smartphone softness pressured revenue
Expert Statements
Rahul Patel, President and Chief Executive Officer of Synaptics
“Synaptics delivered another quarter of strong design activity and customer engagement in Edge and Physical AI,”
Rahul Patel, President and Chief Executive Officer of Synaptics
“We are continuing to see broader opportunities for our tactile sensing controllers and video interface products in robotics, and these new customers are showing growing interest in our processor and wireless technologies leveraging Edge AI development platforms.”
Rahul Patel, President and Chief Executive Officer of Synaptics
“Fiscal first quarter revenue was affected by supply constraints and memory-related demand dynamics across multiple markets, with smartphone softness impacting our touch and wireless products.”
Rahul Patel, President and Chief Executive Officer of Synaptics
“During the quarter, we entered into a licensing agreement for our automotive LCD TDDI technology, consistent with our strategy to focus on higher-value areas and grow in Physical AI and Edge AI.”
Rahul Patel, President and Chief Executive Officer of Synaptics
“We are continuing to build our pipeline in targeted growth markets and positioning Synaptics for profitable, long-term growth.”
Q1'27 Financial Results * Revenue of $294.0 million, up 1% year-over-year * GAAP gross margin of 47.8% * Non-GAAP gross margin of 54.3% * GAAP loss per share of $0.45 * Non-GAAP diluted earnings per share of $1.26 Key Business Highlights * Introduced the xMCU, a new class of microcontrollers, with the launch of the Synaptics Astra SR200 series, enabling larger AI models and richer multimodal workloads to run entirely on-device. * Expanded the Synaptics Coralboard ecosystem in partnership with Google Research, by making Coralboard SL generally available through our partners. Synaptics also introduced Coralboard SR, based on the newly launched Astra SR200 series. * Announced Synaptics' capacitive tactile sensing (CTS) module and Astra Edge AI processors are now supported by NVIDIA Isaac Sim and Holoscan platforms, enabling the processing of multi-sensory modalities. SAN JOSE, Calif., Nov. 05, 2026 (GLOBE NEWSWIRE) -- Synaptics Incorporated (Nasdaq: SYNA) today reported financial results for its first quarter of fiscal 2027 ended September 26, 2026.
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