Synaptics posts Q1 non‑GAAP EPS beat but revenue miss amid pending onsemi acquisition
Synaptics reported fiscal Q1 2027 non‑GAAP earnings of $1.26 per share, a 15.6% year‑over‑year increase, while revenue rose only 0.5% to $294 million, falling short of analyst expectations. The company expanded its Edge AI portfolio and saw non‑GAAP operating margin improve to about 21.1%. It withheld forward guidance because it is awaiting completion of an all‑cash acquisition by onsemi, which was restructured in October 2026.
Why it matters
The earnings beat shows improved profitability, but the revenue shortfall and lack of guidance increase uncertainty for investors as the onsemi deal progresses (the company says it will not provide outlook until the transaction closes).
Key facts
- 1Non‑GAAP EPS was $1.26 per share, up 15.6% year over year from $1.09. zacks.com
- 2Revenue was $294 million, a 0.5% year‑over‑year increase. zacks.com
- 3Non‑GAAP operating margin improved to approximately 21.1% from 17.6% in the prior year‑ago quarter. zacks.com
- 4Non‑GAAP gross margin expanded 110 basis points to 54.3% year over year. zacks.com
- 5Cash and cash equivalents were $367.7 million as of Sept. 26 2026, down from $442.5 million on June 27 2026. zacks.com
- 6Total debt was $838 million, including $440.1 million current and $397.9 million long‑term debt. zacks.com
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.