Q2 2026 Synaptics Inc Earnings Call Transcript
Key Points
- Synaptics Inc (SYNA) reported a 13% year-over-year increase in total company revenue, marking the fifth consecutive quarter of double-digit growth.
- Core IoT products saw a significant 53% year-over-year revenue growth, driven by strong performance in wireless connectivity products.
- The company showcased innovative technologies at the Consumer Electronics Show, including Google's Gemma 3 model and a robotic hand using Synaptics processors.
- Synaptics Inc (SYNA) is seeing early traction in robotics, particularly with humanoids, where their touch controllers and interface bridge products are being integrated.
- The Astra multimodality microprocessors are gaining strong interest due to their open-source architecture, power efficiency, and AI capabilities, with expected revenue contribution starting in 2027.
- Supply constraints are still present in certain areas, despite improvements, which could impact product availability.
- The mobile touch product revenues only increased by 3% year over year, indicating slower growth compared to other segments.
- Inventory levels increased, with days of inventory rising to 101 days, reflecting a strategic decision to purchase ahead of demand.
- The guidance for the third quarter of 2026 anticipates a decrease in revenue to approximately $290 million at the midpoint, indicating potential challenges ahead.
- There are ongoing macroeconomic and global trade uncertainties that could impact future performance and financial results.
Good day, and thank you for standing by. Welcome to Synaptics' second quarter fiscal year 2026 financial results conference call.
(Operator Instructions) Please be advised that today's conference is being recorded.
I would like to hand the conference over to your first speaker today, Munjal Shah, Vice President and Head of Investment Relations. Please go ahead.
Good afternoon, and thank you for joining us today on Synaptics' second quarter fiscal 2026 conference call. My name is Munjal Shah, and I'm the Vice President of Investor Relations.
With me on today's call are Rahul Patel, President and CEO; and Ken Rizvi, our CFO. This call is being broadcast live over the web and can be accessed from the Investor Relations section of the company's website at synaptics.com.
In addition to a copy of our earnings press release detailing our quarterly result, a supplemental slide presentation and a copy of this prepared remarks have been posted on our Investor Relations
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