Synaptics reports sixth consecutive quarter of double-digit revenue growth, driven by 31% year-over-year increase in core IoT products

Synaptics reported third-quarter fiscal 2026 revenue of $294.2 million, up 10% year over year. Non-GAAP earnings per share were $1.09, up 21% from the prior year. Core IoT revenue rose 31% year over year, primarily due to strength in wireless connectivity products.

The company's robotics pipeline has grown to more than 35 customers globally. Synaptics' capacitive sensing technology in AI-enabled touch controllers can detect force, slip and proximity for tactile sensing applications. Current robotics shipments are concentrated mainly in tactile sensing and bus interface technologies, with silicon content of roughly a few tens of dollars per platform.

Synaptics launched the next-generation Coral Dev Board, powered by the Astra SL2610 processor and featuring integration of Google's Coral NPU with Synaptics' Torq NPU architecture. For the Astra SR series microcontroller in wearable applications, the company taped out the system-on-chip last month and expects to begin sampling in the fall, delivering up to two times battery life and reducing bill of materials by roughly 50%.

For fiscal fourth quarter, Synaptics expects revenue of approximately $305 million at the midpoint, plus or minus $10 million. Management expects core IoT revenue to exceed $385 million for full fiscal 2026, representing more than 40% year-over-year growth.