NASDAQ$SYNA

Synaptics Inc. · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Synaptics reported Q4 2021 results with revenue of $327.8 million and non-GAAP EPS of $2.18.

Synaptics reported strong fourth-quarter results, achieving record GAAP and non-GAAP gross margins. The company's portfolio is increasingly focused on IoT products, which now account for over 50% of overall revenue.

  • Revenue reached $327.8 million.
  • GAAP gross margin hit a record of 52.1 percent.
  • Non-GAAP gross margin also reached a record at 57.5 percent.
  • Non-GAAP diluted earnings per share was $2.18.

Headline financials

Total Revenue

$328M

Previous: $278M+18.1%
EPS (adj)

$2.18

Previous: $1.24+75.8%
Non-GAAP Gross Margin

57.5%

No prior period
Capital Expenditures

$5.6M

Previous: $4.6M+21.7%
Free Cash Flow

$99.3M

Previous: $48.9M+103.1%
Net Income

$19M

Previous: $90M-78.9%
Operating Income

$50.9M

Previous: $12.2M+317.2%
Gross Profit

$171M

Previous: $122M+40.0%
Cash & Equivalents

$836M

Previous: $763M+9.5%
Total Assets

$2.23B

Previous: $1.69B+31.5%
Stock-Based Comp

$16.3M

Previous: $12.2M+33.6%

Revenue & EPS history

Synaptics · Revenue · Quarterly

$328M

Q4 2021+18.1%vs Q4 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

For the first quarter of fiscal 2022, Synaptics expects revenue between $355 million and $385 million. They also expect GAAP gross margin between 52.0% and 53.5% and Non-GAAP gross margin between 57.0% and 58.0%.

Tailwinds

  • Maintain gross margin strength.
  • Ramping design wins fuel continued IoT growth trajectory.
  • Backlog remains strong.
  • Customer demand continues to outpace supply availability.
  • Factored in the current semiconductor supply chain constraints into the September quarter guidance.

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 2021

Historical avgQ4 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

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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