Synaptics Reports Fiscal Q1 2027 Revenue of $294 Million
For the quarter ended September 26, 2026, Synaptics reported a GAAP net loss of $17.7 million, or $0.45 per basic share, and non-GAAP net income of $51.5 million, or $1.26 per diluted share. The company cited supply constraints, memory-related demand dynamics and smartphone-market softness. It will not hold an earnings call or provide forward guidance due to its pending all-cash acquisition by onsemi.
Synaptics Incorporated announced its financial results for the first quarter of fiscal 2027, which ended on September 26, 2026. The company reported net revenue of $294.0 million and a GAAP net loss of $17.7 million, or $0.45 per basic share. On a non-GAAP basis, the company achieved net income of $51.5 million, or $1.26 per diluted share. Management noted that revenue was impacted by supply constraints and memory-related demand dynamics, alongside softness in the smartphone market affecting touch and wireless products.
Due to the company's pending all-cash acquisition by onsemi, Synaptics stated it will not host a quarterly earnings conference call or provide forward-looking financial guidance.