$SYNA

SYNAPTICS INC

CIK:0000817720|SEC Filings

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Jun. 27, 2026	Jun. 28, 2025	Jun. 29, 2024
Income Statement [Abstract]
Net revenue	$ 1,197.2	$ 1,074.3	$ 959.4
Cost of revenue	661.8	593.9	519.6
Gross margin	535.4	480.4	439.8
Operating expenses:
Research and development	381.8	346.8	336.3
Selling, general and administrative	198.3	180.3	161.3
Acquired intangibles amortization	12.3	16.7	17.3
Intangible asset impairment charge	6.8	13.8	16.0
Restructuring costs	3.3	16.9	10.5
Total operating expenses	602.5	574.5	541.4
Operating loss	(67.1)	(94.1)	(101.6)
Interest and other income, net	11.1	26.9	42.3
Interest expense	(23.4)	(39.8)	(65.3)
Loss on early extinguishment of debt	0.0	(6.5)	0.0
Loss before provision (benefit) for income taxes	(79.4)	(113.5)	(124.6)
Provision (benefit) for income taxes	411.4	(65.7)	(250.2)
Net (loss) income	$ (490.8)	$ (47.8)	$ 125.6
Net (loss) income per share:
Basic (in dollars per share)	$ (12.62)	$ (1.22)	$ 3.20
Diluted (in dollars per share)	$ (12.62)	$ (1.22)	$ 3.16
Shares used in computing net (loss) income per share:
Basic (in shares)	38.9	39.3	39.2
Diluted (in shares)	38.9	39.3	39.7

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Jun. 27, 2026	Jun. 28, 2025	Jun. 29, 2024
Cash flows from operating activities
Net (loss) income	$ (490.8)	$ (47.8)	$ 125.6
Adjustments to reconcile net (loss)/income to net cash provided by operating activities:
Share-based compensation costs	149.3	112.8	118.8
Depreciation	30.8	28.9	27.6
Acquired intangibles amortization	119.0	114.2	81.6
Deferred taxes	403.8	(75.4)	(288.8)
Intangible asset impairment charge	6.8	13.8	16.0
Other	18.6	24.7	25.0
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable, net	(33.7)	12.3	22.4
Inventories	(17.1)	(25.1)	6.5
Prepaid expenses and other assets	8.2	12.0	(14.3)
Accounts payable	(13.7)	10.8	38.9
Income taxes payable	(0.9)	(43.3)	(19.1)
Other accrued liabilities	(30.9)	4.1	(4.3)
Net cash provided by operating activities	149.4	142.0	135.9
Cash flows from investing activities
Acquisition of business, net of cash and cash equivalents acquired	0.0	(201.1)	0.0
Advance payment on intangible assets	0.0	0.0	(120.3)
Proceeds from maturities of investments	61.0	0.0	26.5
Purchases of short-term investments	0.0	(61.0)	(16.6)
Purchases of property and equipment	(48.0)	(25.8)	(33.8)
Purchases of intangible assets	0.0	(10.0)	(13.5)
Net cash provided by (used in) investing activities	13.0	(297.9)	(157.7)
Cash flows from financing activities
Proceeds from issuance of convertible notes, net of issuance costs	0.0	439.5	0.0
Payment of debt issuance costs on convertible senior notes and revolving credit facility	0.0	(4.4)	0.0
Payments for capped call transactions related to convertible senior notes	0.0	(49.9)	0.0
Proceeds from issuance of shares	17.2	13.9	15.9
Payroll taxes related to net share settlement of share-based awards	(48.4)	(19.6)	(36.9)
Repurchases of common stock, exclusive of excise taxes	(92.7)	(128.3)	0.0
Return of deposit from vendor	14.0	0.0	0.0
Repayment of debt	0.0	(583.5)	(7.5)
Other	(1.6)	0.9	3.4
Net cash used in financing activities	(111.5)	(331.4)	(25.1)
Effect of exchange rate changes on cash and cash equivalents	0.1	1.9	(0.9)
Net increase / (decrease) in cash and cash equivalents	51.0	(485.4)	(47.8)
Cash and cash equivalents, beginning of period	391.5	876.9	924.7
Cash and cash equivalents, end of period	442.5	391.5	876.9
Supplemental disclosures of cash flow information
Cash paid for taxes, net of refunds	3.2	47.2	55.2
Cash paid for interest	20.5	38.7	63.4
Supplemental disclosures of non-cash transactions
Deferred payment of purchase consideration	0.0	3.2	0.0
Purchases of property and equipment in current liabilities	1.4	3.5	4.3
Receipt of intangible assets from advance payments	$ 51.3	$ 0.0	$ 74.0

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 27, 2026	Jun. 28, 2025
Current Assets:
Cash and cash equivalents	$ 442.5	$ 391.5
Short-term investments	0.0	61.0
Receivables, net	164.0	130.3
Inventories	156.4	139.5
Prepaid expenses and other current assets	24.1	29.6
Total current assets	787.0	751.9
Property and equipment, net	86.9	72.1
Goodwill	872.3	872.3
Acquired intangible assets	187.8	262.2
Deferred tax assets	6.2	408.8
Non-current other assets	161.8	217.1
Total assets	2,102.0	2,584.4
Current Liabilities:
Accounts payable	82.6	98.5
Accrued liabilities	179.1	172.4
Current portion of long-term debt	439.6	0.0
Total current liabilities	701.3	270.9
Long-term debt	397.7	834.8
Other long-term liabilities	73.5	83.8
Total liabilities	1,172.5	1,189.5
Stockholders’ Equity:
$0.001 par value; 10,000,000 shares authorized; no shares issued and outstanding	0.0	0.0
$0.001 par value; 120,000,000 shares authorized; 72,350,090 and 70,611,845 shares issued, 39,062,676 and 38,642,761 shares outstanding, at June 2026 and June 2025, respectively	0.1	0.1
Additional paid-in capital	1,329.9	1,211.8
Treasury stock: 33,287,414 and 31,969,084 common shares at June 2026 and June 2025, respectively, at cost	(1,099.6)	(1,006.9)
Retained earnings	699.1	1,189.9
Total stockholders’ equity	929.5	1,394.9
Total liabilities and stockholders’ equity	$ 2,102.0	$ 2,584.4