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Synaptics Incorporated develops, markets, and sells semiconductor products worldwide. The company provides touch, display, biometrics, voice, audio, processor, wireless, and multimedia products for mobile, personal computers, smart home, industrial, and automotive applications, as well as modular development kits, open software frameworks, and optimized AI/ML toolchains. It also offers Wi-Fi, Bluetooth, Bluetooth Low Energy, Zigbee, Thread, Matter, global positioning system, global navigation satellite system, ultra-wideband and ultra-low energy solutions, human interface products, organic light-emitting diodes, multimedia SoCs, fax/modem/printer processors, video interface ICs, DisplayLink graphics, and display driver ICs (DDIC); Astra and Veros, an AI solution; and DisplayLink and DisplayPort to simplify connectivity to external displays. In addition, it provides Natural ID, a fingerprint ID product for notebook, personal computer peripherals, automobiles, and other applications, as well as integrated touch and display, local dimming, and driver sensing technologies. The company sells its products through direct sales, outside sales representatives, OEM distributors, and value-added resellers. Synaptics Incorporated was incorporated in 1986 and is headquartered in San Jose, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.1B | $69M | $-48M | $106M | -3.4% | 12.0% | -138.1% |
| 2024 | $959M | $50M | $126M | $-32M | 8.6% | -29.2% | 70.7% |
| 2023 | $1.4B | $339M | $74M | $297M | 5.9% | -22.1% | -71.4% |
| 2022 | $1.7B | $498M | $258M | $402M | 20.3% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,739.70 | 1,355.10 | 959.40 | 1,074.30 |
| Operating Revenue | - | 1,739.70 | 1,355.10 | 959.40 | 1,074.30 |
| Cost Of Revenue | - | 796.60 | 639.20 | 519.60 | 593.90 |
| Gross Profit | - | 943.10 | 715.90 | 439.80 | 480.40 |
| Operating Expense | - | 574.40 | 561.60 | 514.90 | 543.80 |
| Research And Development | - | 367.30 | 351.20 | 336.30 | 346.80 |
| Selling General And Administration | - | 168.40 | 175 | 161.30 | 180.30 |
| Total Expenses | - | 1,371 | 1,200.80 | 1,034.50 | 1,137.70 |
| Operating Income | - | 368.70 | 154.30 | -75.10 | -63.40 |
| Total Operating Income As Reported | - | 350.40 | 154.30 | -101.60 | -94.10 |
| EBITDA | - | 498.20 | 339.30 | 49.90 | 69.40 |
| Normalized EBITDA | - | 511.10 | 339.30 | 76.40 | 106.60 |
| EBIT | - | 350.70 | 181.50 | -59.30 | -73.70 |
| Interest Income | - | 3 | 27.20 | 42.30 | 26.90 |
| Interest Expense | - | 30.20 | 55.50 | 65.30 | 39.80 |
| Net Interest Income | - | -27.20 | -28.30 | -23 | -12.90 |
| Other Non Operating Income Expenses | -0.30 | -8.10 | - | - | - |
| Other Income Expense | 26.50 | -21 | - | -26.50 | -37.20 |
| Interest Income Non Operating | - | 3 | 27.20 | 42.30 | 26.90 |
| Interest Expense Non Operating | - | 30.20 | 55.50 | 65.30 | 39.80 |
| Net Non Operating Interest Income Expense | - | -27.20 | -28.30 | -23 | -12.90 |
| Pretax Income | - | 320.50 | 126 | -124.60 | -113.50 |
| Tax Provision | - | 64.60 | 52.40 | -250.20 | -65.70 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -2.60 | 0 | -5.56 | -7.81 |
| Net Income Continuous Operations | - | 257.50 | 73.60 | 125.60 | -47.80 |
| Net Income From Continuing And Discontinued Operation | - | 257.50 | 73.60 | 125.60 | -47.80 |
| Net Income From Continuing Operation Net Minority Interest | - | 257.50 | 73.60 | 125.60 | -47.80 |
| Net Income | - | 257.50 | 73.60 | 125.60 | -47.80 |
| Net Income Common Stockholders | - | 257.50 | 73.60 | 125.60 | -47.80 |
| Net Income Including Noncontrolling Interests | - | 257.50 | 73.60 | 125.60 | -47.80 |
| Normalized Income | - | 267.80 | 73.60 | 146.54 | -18.41 |
| Diluted NI Availto Com Stockholders | - | 257.50 | 73.60 | 125.60 | -47.80 |
| Basic Average Shares | - | 39 | 39.60 | 39.20 | 39.30 |
| Diluted Average Shares | - | 40.70 | 40.20 | 39.70 | 39.30 |
| Reconciled Depreciation | - | 147.50 | 157.80 | 109.20 | 143.10 |
| Reconciled Cost Of Revenue | - | 687.80 | 516.80 | 427.70 | 467.50 |
| Total Unusual Items | - | -12.90 | 0 | -26.50 | -37.20 |
| Total Unusual Items Excluding Goodwill | - | -12.90 | 0 | -26.50 | -37.20 |
| Earnings From Equity Interest Net Of Tax | -9.10 | 1.60 | 0 | 0 | - |
| Special Income Charges | - | -12.90 | 0 | -26.50 | -37.20 |
| Other Special Charges | 0.30 | 8.10 | - | - | 6.50 |
| Write Off | 0 | - | - | - | - |
| Impairment Of Capital Assets | - | 0 | 0 | 16 | 13.80 |
| Restructuring And Mergern Acquisition | - | 18.30 | 0 | 10.50 | 16.90 |
| Depreciation Amortization Depletion Income Statement | - | 38.70 | 35.40 | 17.30 | 16.70 |
| Depreciation And Amortization In Income Statement | - | 38.70 | 35.40 | 17.30 | 16.70 |
| Gain On Sale Of Ppe | 34.20 | 5.40 | 0 | 0 | - |
| Amortization | - | 38.70 | 35.40 | 17.30 | 16.70 |
| Amortization Of Intangibles Income Statement | - | 38.70 | 35.40 | 17.30 | 16.70 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Synaptics Incorporatedthis co. | SYNA | $5.5B | -114.05 | 3.91 | -3.4% | 85.59 |
| Novanta Inc. | NOVT | $5.9B | 109.22 | 4.47 | 4.1% | 32.48 |
| Zeta Global Holdings Corp. | ZETA | $5.8B | -183.13 | 7.17 | -3.9% | 143.62 |
| Navan, Inc. | NAVN | $5.6B | -14.12 | 4.65 | -32.9% | -18.33 |
| Commvault Systems, Inc. | CVLT | $5.0B | 70.96 |
| - |
| - |
| - |
| - |
| - |
| - |
| 669.07 |
| 942.8% |
| 47.35 |
| Bitdeer Technologies Group | BTDR | $4.8B | 72.81 | 5.50 | 7.6% | 16.93 |
| Belden Inc. | BDC | $4.3B | 18.15 | 3.41 | 18.8% | 12.03 |
| nLIGHT, Inc. | LASR | $4.2B | -180.02 | 18.63 | -10.3% | -560.38 |
| Remitly Global, Inc. | RELY | $4.2B | 61.40 | 4.80 | 7.8% | 30.32 |
| Peer Median | - | 39.78 | 5.15 | 5.8% | 23.63 | |