Synaptics (SYNA) stock is surging 6.58% in pre-market trading on Friday, following the release of its impressive fourth-quarter earnings report. The semiconductor company outperformed analyst expectations, demonstrating resilience in a challenging market environment.

For the quarter ended June 30, Synaptics reported adjusted earnings of $1.01 per share, surpassing the consensus estimate of $1.00 and showing significant growth from $0.64 in the same quarter last year. Revenue also exceeded expectations, rising 14.3% year-over-year to $282.80 million, compared to analyst projections of $280.19 million. The company's strong performance was driven by robust demand for its products and effective cost management strategies.

Adding to the positive sentiment, 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 well with analyst expectations, further boosting investor confidence. 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.