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Get filing alertsSynaptics reports Q3 revenue up 10% YoY to $294M, Core IoT sales surge 31%
Filed May 7, 2026 · Period ending May 7, 2026 · ~1 min read
Key Changes
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Q3 fiscal 2026 revenue reached $294.2M (up 10% YoY), driven by Core IoT product sales growth of 31% year-over-year. Non-GAAP EPS was $1.09, with non-GAAP gross margin of 53.6%.
Item 2.02 verify on EDGAR → -
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Q4 guidance projects revenue of $305M (±$10M) and non-GAAP EPS of $1.20 (±$0.15). Full-year fiscal 2026 Core IoT revenue expected to exceed $385M, representing over 40% YoY growth.
Exhibit 99.1 view on EDGAR → -
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Company reports accelerating activity in Physical AI and Edge AI markets with increasing design wins and customer engagements, positioning for long-term growth in emerging segments.
Exhibit 99.1 view on EDGAR → -
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Cash position strengthened to $404.4M (up from $391.5M in June 2025), with $81.8M in operating cash flow generated over nine months. Management cites strong balance sheet flexibility.
Exhibit 99.1 view on EDGAR →
Summary
Synaptics disclosed fiscal third quarter 2026 results showing revenue growth momentum, particularly in its Core IoT product line which grew 31% year-over-year and drove overall revenue to $294.2 million (up 10% YoY). The company posted a GAAP net loss of $8.0 million but achieved non-GAAP profitability of $44.1 million with a 53.6% non-GAAP gross margin.
Management's Q4 guidance projects continued sequential and year-over-year revenue growth to $305 million, with full-year Core IoT revenue expected to exceed $385 million. For retail investors, the quarter demonstrates execution on the company's IoT strategy and improving profitability trends.
The CEO highlighted accelerating design wins in Physical AI and Edge AI markets, suggesting potential new growth drivers beyond current IoT momentum. The strengthened cash position ($404.4M) and positive operating cash flow ($81.8M over nine months) provide financial flexibility. The guidance implies confidence in near-term demand, though investors should monitor whether the Core IoT growth rate can be sustained and whether the emerging AI opportunities translate into material revenue contributions.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Synaptics announced Q3 FY2026 financial results (quarter ended March 28, 2026) via press release and supplemental materials.
Added in current filing · verify on EDGAR →
On May 7, 2026, Synaptics Incorporated (the "Company") issued a press release announcing its financial results for the fiscal quarter ended March 28, 2026, and posted supplemental earnings materials to the investor section of the Company’s website at www.synaptics.com.
Synaptics disclosed financial results for its fiscal third quarter ended March 28, 2026. The company issued a press release and posted supplemental earnings materials to its investor relations website. The specific financial metrics (revenue, earnings, guidance) are contained in the attached press release exhibit, not in the 8-K body itself.
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
Net revenue for the third quarter of fiscal 2026 was $294.2 million. GAAP net loss for the third quarter of fiscal 2026 was $8.0 million, or a loss of $0.21 per basic share. Non-GAAP net income for the third quarter of fiscal 2026 was $44.1 million, or $1.09 per diluted share.
Synaptics reported Q3 fiscal 2026 revenue of $294.2 million, representing 10% year-over-year growth. The company posted a GAAP net loss of $8.0 million ($0.21 per share) but achieved non-GAAP net income of $44.1 million ($1.09 per diluted share). Core IoT product sales grew 31% year-over-year, driving the revenue increase.
Added in current filing · view on EDGAR →
GAAP gross margin of 45.3%
•Non-GAAP gross margin of 53.6%
The company achieved a GAAP gross margin of 45.3% and a non-GAAP gross margin of 53.6% in Q3 fiscal 2026. The non-GAAP figure excludes $24.1 million in acquisition-related costs and $0.3 million in share-based compensation. Management noted that non-GAAP gross margin exceeded the midpoint of guidance.
Added in current filing · view on EDGAR →
For the fourth quarter of fiscal 2026, the Company expects: | GAAP | Non-GAAP Adjustment | Non-GAAP | Revenue $305M ± $10M N/A $305M ± $10M | Gross Margin* 46.0 percent ± | 2.0 percent | $23.0M ± $0.5M 53.5 percent ± 1.0 percent | Operating Expense** $146M ± $4M | $41M ± $2M | $105M ± $2M
Earnings (loss) per share*** ($0.17) ± $0.25
$1.37 ± $0.10
$1.20 ± $0.15
Synaptics provided Q4 fiscal 2026 guidance with expected revenue of $305 million (± $10M), representing sequential and year-over-year growth. The company projects a non-GAAP gross margin of 53.5% (± 1.0%) and non-GAAP diluted EPS of $1.20 (± $0.15). Management noted that based on the mid-point of Q4 outlook, full year fiscal 2026 Core IoT revenue is expected to grow more than 40% year-over-year to over $385 million.
Added in current filing · view on EDGAR →
We are seeing accelerating activity in Physical AI and Edge AI, with increasing design wins and customer engagements.
CEO Rahul Patel disclosed that the company is experiencing accelerating activity in Physical AI and Edge AI markets, with increasing design wins and customer engagements. The company is aligning its portfolio to capitalize on these emerging opportunities and remains confident in its ability to drive long-term growth in these areas.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 1, 2026 · How we verify