Synaptics outlines $290M Q3 revenue guidance as edge AI traction grows and Astra sampling accelerates
View original at seekingalpha.comSynaptics outlines $290M Q3 revenue guidance as edge AI traction grows and Astra sampling accelerates Earnings Call Insights: Synaptics Incorporated (SYNA) Q2 2026 MANAGEMENT VIEW * CEO Rahul Patel reported strong results, highlighting "total company revenue increased 13% year-over-year, marking our fifth consecutive q…
What we drew from this source
The claims Via News extracted from this document. We point to the source; we don't replace it.
Synaptics is outpacing competitors in integrating Wi-Fi 7 and developing Wi-Fi 8
80% confidenceSynaptics will not pursue wireless connectivity in PC market
80% confidenceProduction of new Astra products and semi-custom MCU expected end of this quarter or early part of next quarter
80% confidenceThe starting backlog for Q4 compared to the same point in time for Q3 is up
80% confidenceAstra as a product category is very accretive to gross margin
80% confidenceTotal company revenue increased 13% year-over-year, marking fifth consecutive quarter of double-digit year-over-year growth
80% confidenceAstra multimodal microprocessors are seeing strong interest from both customers and partners
80% confidenceWhile supply constraints are improving, we still see challenges in certain areas
80% confidenceChannel inventory is very lean and remains very lean and has over the last few quarters
80% confidenceSynaptics is now sampling silicon for pilot builds of humanoid at a major customer
80% confidenceNon-GAAP operating margin was 19.2%, up approximately 160 basis points sequentially and 190 basis points year-over-year
80% confidenceSynaptics is seeing early but meaningful traction in robotics with differentiated capabilities across processing, connectivity and sensing
80% confidenceQ2 non-GAAP gross margin was 53.6%, slightly ahead of guidance midpoint
80% confidenceAstra product revenue contribution is expected to begin in calendar 2027
80% confidencePerformance was driven by 53% year-over-year growth in Core IoT products
80% confidenceQ2 revenue was $302.5 million, above midpoint of guidance and up 13% year-over-year, driven by strength in Core IoT products
80% confidenceQ3 revenue mix expected to be approximately 32% Core IoT, 54% enterprise and automotive, and 14% mobile touch products
80% confidenceSynaptics is not seeing substantial pressure on volumes in mobile and PC categories as of this moment
80% confidence