10-K annual report · filed Aug 21, 2025

SYNAPTICS Inc (SYNA) FY2025 10-K Annual Report

Short answer

SYNAPTICS Inc (SYNA) filed its fiscal 2025 10-K annual report with the SEC on Aug 21, 2025. It reported revenue of $1.1B (+12.0% year over year) and net income of −$48M.

  • Top risk flagged: No material cybersecurity incidents reported, no related penalties or settlements incurred

FY2025 key financial metrics · XBRL

Revenue
$1.1B
+12.0% YoY
Net income
−$48M
−138.1% YoY
Operating margin
-8.8%
+1.8 pp YoY
Gross margin
44.7%
−1.1 pp YoY
EPS (diluted)
−$1.22
−138.6% YoY
ROE
-3.4%
−12.0 pp YoY
Operating cash flow
$142M
+4.5% YoY

Source: XBRL data from the SYNAPTICS Inc (SYNA) FY2025 10-K on SEC EDGAR. USD.

SYNAPTICS Inc FY2025 10-K analysis

AI summary of each section, grounded in the filing text

Business Overview

  • Core business: semiconductor technology and solutions specializing in human interface and access products
  • New emphasis on 2025 Inducement Equity Plan and multiple amendments to 2019 Equity and Incentive Compensation Plan
  • Strategic focus on updated governance with newly adopted compensation recovery policy as of October 23, 2023
  • Financial structure includes new 0.75% Convertible Senior Notes due 2031 issued in 2024, reflecting capital market activity
  • Noteworthy legal and governance updates include multiple employment agreements and indemnification agreements signed in 2024-2025

Management Discussion & Analysis

  • Revenue $1,074.3M, up 12.0% YoY from $959.4M; Core IoT up 53% to $272.4M, Enterprise & Automotive up 7% to $610.1M, Mobile down 9% to $191.8M
  • Gross margin 44.7% vs 45.8% YoY, decline due to higher amortization from Broadcom acquisition and decreased IP licensing revenue
  • Best segment Core IoT with 53% revenue growth to $272.4M, worst Mobile down 9% to $191.8M due to lower demand and prices
  • Returned $128.3M in share repurchases; cash/cash equivalents $391.5M down from $876.9M; repaid $582M debt via $450M convertible notes and cash
  • Outlook risk from foreign exchange, global trade policies, and supply chain realignments; no unusual order activity expected in near term

Risk Factors

  • No material cybersecurity incidents reported, no related penalties or settlements incurred
  • Board Audit Committee oversees cybersecurity risk, reviews policies biannually with risk posture updates
  • ISMS Committee led by CISO executes enterprise-wide cybersecurity strategy and incident remediation
  • CEO, CFO, CIO, and CLO may report significant cybersecurity risks directly to Board as needed

Generated from the filing text; verify against the original. How to read a 10-K

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