Synaptics (SYNA) Q1 2026 Earnings Call Transcript

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Nov. 6, 2025 astatine 5 p.m. ET

• President and CEO — Rahul Patel

• Chief Financial Officer — Ken Rizvi

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Rahul Patel, our President and CEO; and Ken Rizvi, our CFO. This telephone is being broadcast unrecorded implicit the web and tin beryllium accessed from the Investor Relations conception of the company's website astatine synaptics.com. In summation to a transcript of our net property merchandise detailing our quarterly results, a supplemental descent presumption and a transcript of these prepared remarks person been posted connected our Investor Relations website. Today's treatment of fiscal results is presented connected a GAAP fiscal basis, on with supplementary results connected a non-GAAP basis, which excludes share-based compensation, acquisition-related costs, and definite different noncash oregon recurring oregon nonrecurring items.

All non-GAAP fiscal metrics discussed are reconciled to the astir straight comparable GAAP fiscal measures successful our property merchandise and supplemental materials disposable connected our Investor Relations website. As a reminder, the matters we are discussing contiguous successful our prepared remarks, successful our supplemental materials, and successful effect to your questions whitethorn incorporate forward-looking statements. These forward-looking statements springiness our existent expectations and projections relating to our fiscal condition, results of operations, plans, objectives, aboriginal performance, and business. Although Synaptics believes that estimates and assumptions underlying these forward-looking statements to beryllium reasonable, they are taxable to a fig of risks and uncertainties beyond our control.

Synaptics cautions that existent results whitethorn disagree materially from immoderate aboriginal show suggested successful the company's forward-looking statements. Therefore, we notation you to the company's net merchandise issued contiguous and our existent periodic reports filed with the SEC, including our astir caller yearly study connected Form 10-K and quarterly study connected Form 10-Q for important hazard factors that could origin existent results to disagree materially from those contained successful immoderate forward-looking statements. All forward-looking statements talk lone arsenic of the day hereof. Except arsenic required by law, Synaptics expressly disclaims immoderate work to update this forward-looking information. I volition present crook the telephone implicit to Rahul.

Rahul Patel: Thank you, Munjal. Good afternoon, everyone, and convey you for joining our fiscal Q1 2026 net call. We had an outstanding commencement to our fiscal year, delivering beardown results that bespeak the continued momentum successful our business. Revenue successful our Core IoT portfolio grew by 74% year-over-year, driving 14% gross maturation for the company. Our spot was broad-based crossed some processors and wireless connectivity. We delivered beardown net growth, with non-GAAP net per stock up 35% year-over-year to $1.09. As a company, we are sharpening our absorption and aligning our resources to seizure the increasing accidental successful Edge AI. In the past quarter, we met with customers crossed the globe and astatine our Tech Day present successful San Jose.