Synaptics Reports Fourth Quarter and Full Year Fiscal 2026 Results
Fiscal 2026 revenue increased 11%, the second consecutive year of double-digit growth Fiscal 2026 Core IoT product sales increased 43% year-over-year, representing 33% of total sales Q4'26 Financial Results Revenue of $308.0 million, up 9% year-over-year Fiscal fourth quarter Core IoT product sales grew by 24% year-over-year GAAP gross margin of 47.3% Non-GAAP gross margin of 54.5% GAAP loss per share of $11.53 Non-GAAP diluted earnings per share of $1.23 Fourth quarter results include a $425.3 million, or $10.96 per share, non-cash charge related to the establishment of a valuation allowance against U.S. deferred tax assets, which is excluded from non-GAAP results. Fiscal 2026 Financial Highlights Revenue of $1.2 billion, increased 11% year-over-year Core IoT product sales grew by 43% year-over-year GAAP loss per share of $12.62, which includes the impact of the establishment of a valuation allowance Non-GAAP diluted earnings per share increased 27% to $4.58 Repurchased shares in the amount of $92.7 million (or approximately 1.3 million shares) SAN JOSE, Calif.