---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-017228"
form_type: "8-K"
ticker: "SYNA"
cik: "0000817720"
company_name: "SYNAPTICS Inc"
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T02:03:03.011027+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Synaptics Q3 FY2023 revenue $326.6M, non-GAAP EPS $1.89; Q4 guidance weak, buyback boosted by $500M

## Summary
- Q3 revenue $326.6M, GAAP EPS $0.26, non-GAAP EPS $1.89; results above expectations despite economic headwinds.
- Q4 FY2023 guidance: revenue $210M-$240M, GAAP gross margin 44-47%, non-GAAP gross margin 56-58%.
- Board authorized $500M increase in share repurchase program; cumulative authorization now $2.3B with $977M remaining.
- Management cites customer inventory correction and supply chain slowdown; implementing spending controls.
- Design activity increasing in core wireless, automotive, and video conversion products, expected to drive future growth.

## SEC filing metadata
- accession: 0000950170-23-017228
- form_type: 8-K
- ticker: SYNA
- cik: 0000817720
- company_name: SYNAPTICS Inc
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/817720/000095017023017228/0000950170-23-017228-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/817720/000095017023017228/syna-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-017228
- JSON: https://secwatch.observer/filing/0000950170-23-017228.json
- Plain text: https://secwatch.observer/filing/0000950170-23-017228.txt

## Key facts
- Earnings Releases
  SYNAPTICS Inc reported third quarter of fiscal 2023 ended March 25, 2023 results: revenue $326.6 million, net income $10.4 million, EPS $0.26 per diluted share. Guidance initiated.
  - Period: third quarter of fiscal 2023 ended March 25, 2023
  - Revenue: $326.6 million
  - Net income: $10.4 million
  - EPS: $0.26 per diluted share
  - Guidance: initiated
  - Result: reported results
  source text: SAN JOSE, Calif., – May 3, 2023 – Synaptics Incorporated (Nasdaq: SYNA ), today reported financial results for its third quarter of fiscal 2023 ended March 25, 2023. Net revenue for the third quarter of fiscal 2023 was $326.6 million. GAAP net income for the third quarter of fiscal 2023 was $10.4 million, or $0.26 per diluted share. Non-GAAP net income for the third quarter of fiscal 2023 was $75.3 million, or $1.89 per diluted share. “In a challenging and deteriorating economic environment, Synaptics delivered third quarter results better than our expectations. Our design activity continues to increase with a keen focus on our core wireless, automotive, and video conversion product families which we expect to drive growth. We have positioned the company for the long-term and are confident in our market opportunities and the return to baseline business levels once we get past this inventory correction.” said Michael Hurlston, Synaptics’ President and CEO. Business Outlook Dean Butler,
  evidence_url: https://www.sec.gov/Archives/edgar/data/817720/000095017023017228/0000950170-23-017228-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.