SYNA
Synaptics Incorporated

Synaptics IncorporatedSYNA

Technology · Semiconductors
118.10USD
+0.64%
Oct 28, 2026
SYNA overview ready
Edge-AI semiconductor supplier enabling integrated AI-native embedded compute
Direct component supplier and enabler of edge-AI-capable endpoint designs, rather than a pure-play AI infrastructure provider.
Narrative is still early
Exposed to the Physical AI and Edge Intelligence narrative through AI-Native Embedded Compute and Connectivity — component supplier.
Price structure is giving way
Longer-term context reads early trend, with a near-term setup of constructive pullback.
Demanding valuation
The price embeds expectations that run ahead of the cash the business currently produces.
Unremarkable fundamentals
Primary risk
Execution risk on edge AI product profitability.
Market Oct 27Filing Jun 27Price action Aug 9Research Jul 29

Conviction Level

CompanyFit6.0PriceAction1.4Valuation3.1CompanyPosition7.3BusinessQuality4.4

Conviction uses Company Fit, Price Action, Valuation, Business Quality. Company Position is research context, not an input.

Theme leadershipGroup context · not a Conviction input
vs SPY
−7.6pp
Theme return
−7.1%
Beating SPY
1 of 5
21 sessions to Oct 27, 2026 · ranked 39 of 59 themes
Price
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Price Action

Price structure is giving way
Longer-term context reads early trend, with a near-term setup of constructive pullback.
EntryDamaged / breakdown

The technical structure itself is broken across timeframes — the weakest entry profile.

Key Financials

Market Cap
$4.6B
Avg Volume (60D)
1.0M
60 sessions
Revenue Growth YoY
+11.4%
FY2026 vs FY2025
Gross Margin
+44.7%
Trailing twelve months
Operating Margin
-5.6%
Trailing twelve months
Free Cash Flow Yield
+2.2%
P/E
N/M
EV / Sales
4.2x
Market metrics as of Oct 27, 2026
Financial results for the period ended Jun 27, 2026
Filed balance-sheet data as of Jun 27, 2026

Fundamentals & Valuation

Only one valuation perspective could be built for this company, and it reads expensive.
Synaptics Incorporated has an Expensive valuation stance because the price embeds expectations that run ahead of the cash the business currently produces. It trades at 4.2x revenue, which requires sustained delivery to be justified.

Company Research

Thesis
Direct component supplier and enabler of edge-AI-capable endpoint designs, rather than a pure-play AI infrastructure provider. The story is still emerging, so the exposure is real but early.
Opportunity
Moderate opportunity
Device makers are adding local AI inference, sensing and wireless links to industrial, consumer, enterprise and automotive endpoints where low latency, privacy, power efficiency and reliable operation favor integrated embedded silicon.
Key risk
Execution risk on edge AI product profitability.

Economic classification

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Business & Markets

Technology · Semiconductors
What they do

Synaptics Incorporated designs, develops, and sells semiconductor products globally, focusing on human interface and wireless connectivity solutions for various electronic devices and systems.

How it earns

The company generates revenue primarily through transactional sales of semiconductor products and related development kits and software frameworks.

Products & services
Touch controllers
Display drivers
Biometric sensors
Voice and audio processors
Wireless connectivity solutions
AI/ML toolchains
Customers & end markets
Mobile device manufacturers
Personal computer makers
Smart home device producers
Industrial equipment manufacturers
Automotive OEMs
Market position

Synaptics is a recognized player with diversified semiconductor offerings in human interface and wireless connectivity, positioned between niche and broad-market competitors.

Demand drivers
Medium cyclicality

Demand is influenced by consumer electronics cycles and industrial/automotive technology adoption trends.

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