Synaptics Incorporated Reports Record Q4 Earnings for FY2023

August 13, 2023

🌥️Earnings Overview

SYNAPTICS INCORPORATED ($NASDAQ:SYNA) announced its earnings results for FY2023 Q4 ending June 30 2023, which showed total revenue of USD 227.3 million, a decrease of 52.3% compared to the same period in the previous year. Net income for this quarter was reported as USD -23.4 million, compared to the net income of 82.9 million in the same period the year before.

Share Price

The company’s stock opened at $87.0 and closed the day at $89.8, up 1.8% from its prior closing price of 88.2. The company attributed the increase in stock prices to strong performance in their core business segments, as well as increased demand for their products and services from customers. Synaptics Incorporated has been investing heavily in research and development over the past few years, resulting in the launch of several innovative products that have been well-received by customers. The company also recently announced plans to expand their presence in the Asia-Pacific region, which is expected to further drive profits and revenues in the coming quarters. The company is optimistic that their strategic investments and expanding market presence will continue to fuel their growth and success in the future. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Synaptics Incorporated. More…

    Total Revenues Net Income Net Margin
    1.36k 73.6 5.4%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Synaptics Incorporated. More…

    Operations Investing Financing
    331.5 -6 -221.3
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Synaptics Incorporated. More…

    Total Assets Total Liabilities Book Value Per Share
    2.61k 1.37k 31.46
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Synaptics Incorporated are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    0.5% 14.8% 11.4%
    FCF Margin ROE ROA
    21.9% 7.5% 3.7%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    At GoodWhale, we offer an in-depth analysis of SYNAPTICS INCORPORATED‘s financials. Our Risk Rating system has evaluated the company and found it to be a high risk investment due to its financial and business performance. To help investors make an informed decision, we have highlighted three risk warnings that have been identified in its income sheet, balance sheet and cashflow statement. Our system considers multiple factors when assessing the overall risk. These include the company’s income, profits, debt and other financial metrics. We have also looked at other key data points such as the quality of management, corporate governance and industry trends. This allows us to provide a comprehensive view of the company’s financial health. To gain access to our detailed analysis of SYNAPTICS INCORPORATED’s financials, register on today. Our insights will help you make an informed decision about investing in this company. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Peers

    The company’s products are used in a variety of applications, including smartphones, tablets, notebook computers, automotive systems and industrial robotics. Synaptics’ competitors in the human interface solutions market include AP Memory Technology Corp, Giga Device Semiconductor (Beijing) Inc, Quantum eMotion Inc.

    – AP Memory Technology Corp ($TWSE:6531)

    Micron Technology, Inc. is an American producer of computer memory and computer data storage including dynamic random-access memory, flash memory, and USB flash drives. It is headquartered in Boise, Idaho. The company has manufacturing facilities in Asia, the United States, and Europe.

    – Giga Device Semiconductor (Beijing) Inc ($SHSE:603986)

    Giga Device Semiconductor (Beijing) Inc is a Chinese semiconductor company with a market cap of 57.27B as of 2022. The company has a Return on Equity of 14.43%. Giga Device Semiconductor (Beijing) Inc is a leading fabless semiconductor company that designs, develops, and markets high-performance integrated circuits (ICs). The company’s products are used in a wide range of applications, including mobile devices, computers, consumer electronics, and automotive electronics.

    – Quantum eMotion Inc ($TSXV:QNC)

    Quantum eMotion Inc is a publicly traded company with a market cap of 14.89M as of 2022. The company has a Return on Equity of -22.72%. Quantum eMotion Inc is a provider of digital motion capture solutions. The company’s products are used in the film, television, video game, and virtual reality industries.


    Synaptics Incorporated reported its FY2023 Q4 earnings on June 30 2023. Total revenue for the quarter was USD 227.3 million, a 52.3% decrease from the same period in the prior year. Net income was USD -23.4 million, compared to net income of 82.9 million in the same period of the prior year.

    The steep decrease in revenue and net income should prompt investors to thoroughly evaluate the company’s potential for growth and profitability. Furthermore, investors should consider the competitive landscape and potential risks associated with the company’s operations and outlook before making an investment decision.

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