---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-037965"
form_type: "8-K"
ticker: "SYNA"
cik: "0000817720"
company_name: "SYNAPTICS Inc"
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T10:22:23.513293+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Synaptics Q4 GAAP EPS -$0.59, non-GAAP $0.49 on $227M rev; Q1 guide flat

## Summary
- Q4 revenue $227.3M; GAAP net loss $23.4M ($0.59 loss/share); non-GAAP net income $19.5M ($0.49 diluted EPS).
- Full-year FY2023 revenue $1.36B; GAAP net income $73.6M ($1.83); non-GAAP $326.4M ($8.12).
- Q1 FY2024 guidance: revenue $215M-$245M, non-GAAP gross margin 52%-55%, operating expense $97M-$100M.
- SVP & GM of Mobile and IoT Craig Stein resigned effective Sept 23, 2023.
- Amended credit agreement: interest coverage covenant applies only if cash < $450M.

## SEC filing metadata
- accession: 0000950170-23-037965
- form_type: 8-K
- ticker: SYNA
- cik: 0000817720
- company_name: SYNAPTICS Inc
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/817720/000095017023037965/0000950170-23-037965-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/817720/000095017023037965/syna-20230728.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-037965
- JSON: https://secwatch.observer/filing/0000950170-23-037965.json
- Plain text: https://secwatch.observer/filing/0000950170-23-037965.txt

## Key facts
- Earnings Releases
  SYNAPTICS Inc reported fiscal fourth quarter and full fiscal year ended June 24, 2023 results: revenue $227.3 million, net income GAAP net loss of $23.4 million, or a loss of $0.59 per basic share; Non-GAAP net income of $19.5 million, or $0.49 per d, EPS GAAP loss per share of $0.59; Non-GAAP diluted earnings per share of $0.49.
  - Period: fiscal fourth quarter and full fiscal year ended June 24, 2023
  - Revenue: $227.3 million
  - Net income: GAAP net loss of $23.4 million, or a loss of $0.59 per basic share; Non-GAAP net income of $19.5 million, or $0.49 per d
  - EPS: GAAP loss per share of $0.59; Non-GAAP diluted earnings per share of $0.49
  - Result: reported results
  source text: --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Synaptics Reports Fourth Quarter Fiscal 2023 Results Q4’23 Financial Results and Recent Business Highlights • Revenue of $227.3 million • GAAP gross margin of 44.5 percent • Non-GAAP gross margin of 55.7 percent • GAAP loss per share of $0.59 • Non-GAAP diluted earnings per share of $0.49 SAN JOSE, Calif., –
  evidence_url: https://www.sec.gov/Archives/edgar/data/817720/000095017023037965/0000950170-23-037965-index.htm
- Executive change
  Craig Stein resigned as Senior Vice President and General Manager, Mobile and IoT Division at SYNAPTICS Inc.
  - Action: resigned
  - Role: Senior Vice President and General Manager, Mobile and IoT Division
  source text: On July 31, 2023, Craig Stein voluntarily resigned from his position as Senior Vice President and General Manager, Mobile and IoT Division, of the Company effective as of September 23, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/817720/000095017023037965/0000950170-23-037965-index.htm
- Material Agreements
  SYNAPTICS Inc amended Third Amendment with Wells Fargo Bank, National Association, as the administrative agent, and the revolving credit lenders party thereto (effective 2023-07-28).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Wells Fargo Bank, National Association, as the administrative agent, and the revolving credit lenders party thereto
  - Effective: 2023-07-28
  source text: On July 28, 2023, Synaptics Incorporated (the “Company”) and Wells Fargo Bank, National Association, as the administrative agent (the “Administrative Agent”), and the revolving credit lenders party thereto entered into a Third Amendment (the “Third Amendment”) to the Company’s Second Amended and Restated Credit Agreement (as amended, the “Credit Agreement”), dated as of March 11, 2021, among the Company, as borrower, the lenders party thereto, and the Administrative Agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/817720/000095017023037965/0000950170-23-037965-index.htm

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