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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% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total 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 |
| Operating Income | 368.70 | 154.30 | -75.10 | -63.40 |
| EBITDA | 498.20 | 339.30 | 49.90 | 69.40 |
| EBIT | 350.70 | 181.50 | -59.30 | -73.70 |
| Pretax Income | 320.50 | 126 | -124.60 | -113.50 |
| Tax Provision | 64.60 | 52.40 | -250.20 | -65.70 |
| Net Income | 257.50 | 73.60 | 125.60 | -47.80 |
| Net Income Common Stockholders | 257.50 | 73.60 | 125.60 | -47.80 |
| Total Expenses | 1,371 | 1,200.80 | 1,034.50 | 1,137.70 |
| Interest Expense | 30.20 | 55.50 | 65.30 | 39.80 |
| Interest Income | 3 | 27.20 | 42.30 | 26.90 |
| Research And Development | 367.30 | 351.20 | 336.30 | 346.80 |
| Selling General And Administration | 168.40 | 175 | 161.30 | 180.30 |
| Normalized EBITDA | 511.10 | 339.30 | 76.40 | 106.60 |
| Normalized Income | 267.80 | 73.60 | 146.53 | -18.41 |
| Basic EPS | 6.60 | 1.86 | 3.20 | -1.22 |
| Diluted EPS | 6.33 | 1.83 | 3.16 | -1.22 |
| Tax Effect Of Unusual Items | -2.60 | 0 | -5.57 | -7.81 |
| Tax Rate For Calcs | 0.20 | 0.21 | 0.21 | 0.21 |
| Total Unusual Items | -12.90 | 0 | -26.50 | -37.20 |
| Total Unusual Items Excluding Goodwill | -12.90 | 0 | -26.50 | -37.20 |
| Net Income From Continuing Operation Net Minority Interest | 257.50 | 73.60 | 125.60 | -47.80 |
| Reconciled Depreciation | 147.50 | 157.80 | 109.20 | 143.10 |
| Reconciled Cost Of Revenue | 687.80 | 516.80 | 427.70 | 467.50 |
| Net Interest Income | -27.20 | -28.30 | -23 | -12.90 |
| Net Income From Continuing And Discontinued Operation | 257.50 | 73.60 | 125.60 | -47.80 |
| Total Operating Income As Reported | 350.40 | 154.30 | -101.60 | -94.10 |
| Diluted Average Shares | 40.70 | 40.20 | 39.70 | 39.30 |
| Basic Average Shares | 39 | 39.60 | 39.20 | 39.30 |
| Diluted NI Availto Com Stockholders | 257.50 | 73.60 | 125.60 | -47.80 |
| Net Income Including Noncontrolling Interests | 257.50 | 73.60 | 125.60 | -47.80 |
| Net Income Continuous Operations | 257.50 | 73.60 | 125.60 | -47.80 |
| Earnings From Equity Interest Net Of Tax | 1.60 | 0 | 0 | 0 |
| Other Income Expense | -21 | 0 | -26.50 | -37.20 |
| Other Non Operating Income Expenses | -8.10 | 0 | 0 | 0 |
| Special Income Charges | -12.90 | 0 | -26.50 | -37.20 |
| Gain On Sale Of Ppe | 5.40 | 0 | 0 | 0 |
| Other Special Charges | 8.10 | 0 | 0 | 6.50 |
| Write Off | 0 | 0 | 0 | 0 |
| Impairment Of Capital Assets | 0 | 0 | 16 | 13.80 |
| Restructuring And Mergern Acquisition | 18.30 | 0 | 10.50 | 16.90 |
| Net Non Operating Interest Income Expense | -27.20 | -28.30 | -23 | -12.90 |
| Interest Expense Non Operating | 30.20 | 55.50 | 65.30 | 39.80 |
| Interest Income Non Operating | 3 | 27.20 | 42.30 | 26.90 |
| 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 |
| Amortization | 38.70 | 35.40 | 17.30 | 16.70 |
| Amortization Of Intangibles Income Statement | 38.70 | 35.40 | 17.30 | 16.70 |
| Operating Revenue | 1,739.70 | 1,355.10 | 959.40 | 1,074.30 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Synaptics Incorporatedthis co. | SYNA | $3.5B | - | 2.48 | -3.4% | 41.61 |
| nLIGHT, Inc. | LASR | $3.7B | - | 14.66 | -10.3% | -354.68 |
| Webull Corporation | BULL | $3.6B | - | 3.48 | 2.4% | - |
| Navitas Semiconductor Corporation | NVTS | $3.6B | - | 8.04 | -26.4% | -54.68 |
| Dave Inc. | DAVE | $3.4B | 19.01 |
| 9.88 |
| 55.5% |
| 17.94 |
| Bel Fuse Inc. | BELFB | $3.3B | 55.54 | 7.68 | 11.9% | 26.42 |
| SoundHound AI, Inc. | SOUN | $3.3B | - | 7.03 | -3.0% | -20.62 |
| Varonis Systems, Inc. | VRNS | $3.2B | - | 5.36 | -21.6% | -19.29 |
| Qualys, Inc. | QLYS | $3.2B | 16.47 | 5.71 | 35.3% | 11.85 |
| Peer Median | - | 19.01 | 7.36 | -0.3% | -19.29 | |