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Dec 27, 2025
Synaptics Q2 2026 Earnings Report
Synaptics reported double-digit revenue growth driven by Core IoT strength while posting a GAAP net loss.
Key Takeaways
Synaptics delivered Q2 FY2026 revenue growth of 13% year over year driven by strong Core IoT demand, expanded gross margins on a non-GAAP basis, and solid non-GAAP profitability, despite a GAAP net loss for the quarter.
Revenue increased 13% year over year to $302.5 million
Core IoT product sales grew 53% year over year
Non-GAAP gross margin remained strong at 53.6%
Non-GAAP EPS reached $1.21 despite GAAP net loss
Forward Guidance
Management guided for continued year-over-year revenue growth in Q3 FY2026 supported by Core IoT demand and a healthy backlog.
Positive Outlook
- Expected continued year-over-year revenue growth
- Healthy backlog entering Q3 FY2026
- Sustained strength in Core IoT markets
- Disciplined cost management
- Continued investment in edge AI growth initiatives
Challenges Ahead
- Macroeconomic and tariff-related uncertainty
- Ongoing acquisition and integration costs
- Exposure to supply chain variability
- Customer demand fluctuations
- Competitive pressures in semiconductor markets
Historical Earnings Impact
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Avg. Return Before/After Earnings
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