NASDAQ$SYNA
Synaptics Inc. · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Reported strong Q3 2021 results driven by record gross margins, PC revenue, and EPS near the upper end of guidance.
Synaptics reported a strong start to 2021 with record gross margins and PC revenue. The company's strategy to focus on IoT products is improving its financial foundation, enabling more aggressive market engagement and long-term revenue and earnings growth.
- Revenue reached $325.8 million.
- GAAP gross margin was 47.7 percent.
- Non-GAAP gross margin hit a record of 55.1 percent.
- Non-GAAP diluted earnings per share was $2.03.
Headline financials
Revenue & EPS history
Synaptics · Revenue · Quarterly
$326M
Forward guidance
For the fourth fiscal quarter, Synaptics expects revenue to outperform typical seasonality and gross margin to strengthen due to the growth of IoT. Backlog remains strong, with customer demand outpacing supply availability.
Tailwinds
- Revenue is expected to be between $310 million and $340 million.
- Gross margin is projected to be between 50.0 percent and 52.0 percent.
- Non-GAAP gross margin is expected to be between 55.5 percent and 57.5 percent.
- Operating expense is projected to be between $121 million and $125 million.
- Non-GAAP operating expense is expected to be between $86 million and $89 million.
Headwinds
- Semiconductor supply chain constraints have been factored into the June quarter guidance.
- Projected Non-GAAP gross margin excludes $17 million of intangible asset amortization.
- Projected Non-GAAP gross margin excludes $1 million of stock-based compensation.
- Projected Non-GAAP operating expense excludes $23 million to $24 million of stock-based compensation.
- Projected Non-GAAP operating expense excludes up to $1 million of restructuring costs.
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 2021
+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
| Quarter | Report date | Reaction (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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