NASDAQ$SYNA

Synaptics Inc. · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Synaptics' profitability exceeded expectations due to improved mix and cost control, despite a slight revenue decrease attributed to initial COVID-19 impacts.

Synaptics reported Q3 fiscal year 2020 results with net revenue of $328.1 million. GAAP net income was $5.0 million, or $0.14 per diluted share, while non-GAAP net income was $52.3 million, or $1.49 per diluted share. The company completed the divestiture of its mobile LCD TDDI business for $120 million.

  • Net revenue for Q3 fiscal year 2020 was $328.1 million.
  • GAAP net income was $5.0 million, or $0.14 per diluted share.
  • Non-GAAP net income was $52.3 million, or $1.49 per diluted share.
  • Completed the divestiture of mobile LCD TDDI business for $120 million.

Headline financials

Total Revenue

$328M

Previous: $334M-1.8%
EPS (adj)

$1.49

Previous: $0.83+79.5%
Capital Expenditures

-$11.7M

Previous: -$17.7M+33.9%
Free Cash Flow

-$6.7M

Previous: -$11M+39.1%
Net Income

$5M

Previous: $6.7M-25.4%
Operating Income

$19M

Previous: -$3.8M+600.0%
Gross Profit

$136M

Previous: $116M+16.9%
Cash & Equivalents

$472M

Previous: $324M+45.8%
Total Assets

$1.48B

Previous: $1.47B+0.9%
Stock-Based Comp

$13.8M

Previous: $15.8M-12.7%

Revenue & EPS history

Synaptics · Revenue · Quarterly

$328M

Q3 2020-1.8%vs Q3 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

For the fourth quarter of fiscal 2020, Synaptics expects revenue to be in the range of $260 million to $290 million. The revenue mix from mobile, IoT and PC products to be approximately 45 percent, 23 percent and 32 percent respectively.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2020

Historical avgQ3 2020

+2.0%

Avg return

Earnings day

+2.2%

Avg return

5 days after

+2.4%

Avg return

30 days after

59%

39 / 66 earnings

Positive

+27.5%

Q1 2020

Best reaction

-21.7%

Q1 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026+18.3%+23.6%+16.0%
Q2 2026+2.2%+3.9%-17.5%
Q1 2026-3.7%-1.5%+13.1%
Q3 2025+0.2%+10.6%+4.6%
Q2 2025-4.7%-4.0%-10.2%
Q1 2025+12.1%+6.6%+11.5%
Q4 2024+6.8%+10.6%+4.8%
Q3 2024-2.3%-1.6%+1.2%
Q2 2024+3.8%+0.1%-0.5%
Q4 2023+2.9%+6.3%+1.0%
Q3 2023-16.6%-13.9%-7.3%
Q2 2023-5.9%-2.0%-10.2%
Q1 2023+2.4%+11.1%+19.3%
Q4 2022-2.3%-13.7%-24.3%
Q3 2022-6.7%-11.1%-14.7%
Q2 2022-5.0%-2.0%-1.4%
Q1 2022+15.4%+17.8%+29.7%
Q4 2021+17.0%+17.6%+30.4%
Q3 2021-2.6%-7.6%+1.9%
Q2 2021+13.2%+16.8%+25.7%
Q1 2021+5.9%+0.8%+4.6%
Q4 2020+8.9%+5.1%+1.2%
Q3 2020+1.7%-1.6%+9.0%
Q2 2020+20.6%+16.4%-3.1%
Q1 2020+27.5%+29.2%+25.9%
Q4 2019+6.6%+7.5%+10.8%
Q3 2019-5.7%-3.6%-16.6%
Q2 2019+0.4%-1.7%+0.3%
Q1 2019+2.3%-1.9%+3.6%
Q4 2018-13.1%-3.4%-3.7%
Q3 2018-0.0%-7.6%+3.4%
Q2 2018+7.3%+8.1%+18.6%
Q1 2018+17.3%+10.0%-1.0%
Q4 2017-12.0%-17.4%-20.1%
Q3 2017+4.3%+2.3%+5.1%
Q2 2017-9.2%-5.8%-7.2%
Q1 2017-21.7%-20.5%-18.1%
Q4 2016-3.1%-0.5%+3.8%
Q3 2016-16.7%
Q2 2016+9.4%
Q1 2016+5.4%
Q4 2015-0.6%
Q3 2015-4.3%
Q2 2015+14.6%
Q1 2015-16.0%
Q4 2014+2.9%
Q3 2014-4.5%
Q2 2014+5.8%
Q1 2014-14.5%
Q4 2013+1.8%
Q3 2013+6.2%
Q2 2013+11.7%
Q1 2013+5.9%
Q4 2012+11.1%
Q3 2012-5.9%
Q2 2012+1.9%
Q1 2012-1.9%
Q4 2011+7.8%
Q4 2009+7.8%
Q3 2010-1.6%
Q3 2011-1.6%
Q2 2011-0.4%
Q1 2010+7.1%
Q1 2011+7.1%
Q2 2010+7.1%
Q4 2010+7.1%

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