Synaptics (SYNA) Q2 2026 Earnings Call Transcript

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Thursday, February 5, 2026 astatine 5:00 p.m. ET

• President and Chief Executive Officer — 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 net 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 effect to your questions whitethorn incorporate definite forward-looking statements. These forward-looking statements springiness our existent expectations and projections relating to our fiscal condition, results of operations, plans, objectives, aboriginal show and business. Although Synaptics believes the estimates and assumptions underlying these forward-looking statements to beryllium reasonable, the statements 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 and 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 thereof. 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 2nd 4th 2026 net call. We delivered different coagulated 4th with beardown results and continued momentum crossed our business. Total institution gross accrued 13% year-over-year, marking our 5th consecutive 4th of double-digit year-over-year growth. This show was driven by 53% year-over-year maturation successful our Core IoT products. Disciplined execution helped present beardown net maturation with non-GAAP net per stock expanding 32% year-over-year to $1.21. The Consumer Electronics Show successful January was a palmy lawsuit for Synaptics. We saw meaningful engagement with customers and partners arsenic we showcased the breadth of our latest technologies and solutions.