NASDAQ$SYNA

Synaptics Inc. · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Synaptics reported strong Q4 2020 results, exceeding revenue guidance and achieving high gross margins.

Synaptics reported strong Q4 2020 financial results, with revenue of $277.6 million and GAAP diluted EPS of $2.55. The company also completed the divestiture of its Mobile LCD TDDI business and acquired DisplayLink and the rights to Broadcom's wireless IoT connectivity business.

  • Revenue reached $277.6 million.
  • GAAP diluted EPS was $2.55, while non-GAAP diluted EPS was $1.24.
  • Cash and cash equivalents totaled $763.4 million.
  • The divestiture of the Mobile LCD TDDI business was completed.

Headline financials

Total Revenue

$278M

Previous: $295M-5.9%
EPS (adj)

$1.24

Previous: $0.38+226.3%
Capital Expenditures

$4.6M

Previous: $6M-23.3%
Free Cash Flow

$48.9M

Previous: $37.4M+30.7%
Net Income

$90M

Previous: -$46.2M+294.8%
Operating Income

$12.2M

Previous: -$33.3M+136.6%
Gross Profit

$122M

Previous: $90.4M+35.0%
Cash & Equivalents

$763M

Previous: $328M+132.9%
Total Assets

$1.69B

Previous: $1.41B+20.1%
Stock-Based Comp

$12.2M

Previous: $10.3M+18.4%

Revenue & EPS history

Synaptics · Revenue · Quarterly

$278M

Q4 2020-5.9%vs Q4 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

For the first quarter of fiscal 2021, Synaptics expects revenue between $315 million and $335 million and non-GAAP gross margin between 47.5 percent and 49.5 percent.

Tailwinds

  • Robust demand for products
  • Strong backlog
  • Acquisition of Broadcom's wireless IoT connectivity business completed
  • Purchase of DisplayLink Corp completed
  • Newly acquired businesses incorporated into consolidated Q1 fiscal 2021 guidance

Headwinds

  • Uncertainties remain in the macro economy
  • Unable to predict with reasonable certainty the amount or timing of certain adjustments
  • Adjustments are currently uncertain or unknown
  • Depend on various factors that are beyond control
  • Could have a material impact on the most directly comparable GAAP financial measure

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 Q4 2020

Historical avgQ4 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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