Synaptics (SYNA) stock is soaring 6.28% in pre-market trading on Friday, following the company's impressive fourth-quarter earnings report released late Thursday. The semiconductor manufacturer surpassed Wall Street expectations, demonstrating resilience in a challenging market environment.
For the quarter ended June 30, Synaptics reported adjusted earnings of $1.01 per share, significantly higher than the $0.64 reported in the same quarter last year and beating the average analyst estimate of $1.00. Revenue rose 14.3% year-over-year to $282.8 million, outpacing the expected $280.19 million. The company's strong performance was driven by robust demand for its products and effective cost management strategies.
Looking ahead, Synaptics provided an optimistic outlook for the first quarter of fiscal 2026. The company expects adjusted earnings between $0.90 and $1.20 per share on revenue ranging from $280 million to $300 million. This guidance aligns closely with analyst expectations, further boosting investor confidence. Additionally, Wall Street maintains a positive stance on Synaptics, with a consensus "buy" rating and a median 12-month price target of $80.00, representing a potential 25.4% upside from its last closing price.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.