Pre-earnings brief
Reports
Thu, Nov 5, 2026
Est. EPS
—
Est. revenue
—
Implied move
±3.8%
EPS beat rate
100%
Synaptics Incorporated (SYNA) is a technology company that designs and develops human interface solutions, primarily in the semiconductor sector. Their products are crucial for touch and display technologies, which are increasingly important in consumer electronics, automotive, and IoT devices.
Last quarter
In the last quarter, Synaptics reported an impressive EPS of $1.23, significantly beating estimates by 226%. However, revenue figures were not disclosed, leaving some uncertainty about overall performance.
EPS beat streak
8Q
EPS beat rate
100%
Avg EPS surprise
+641.50%
Avg 1-day reaction
+0.24%
Overall, expectations are mixed as Synaptics has consistently beaten EPS estimates in the past, but the lack of revenue guidance creates uncertainty. Investors will be closely watching for any signs of continued growth.
Bull case
If Synaptics can maintain its trend of beating EPS estimates and show strong revenue growth, it could signal robust demand for its products, leading to a positive market reaction.
Bear case
Conversely, if the company fails to meet expectations or provides weak guidance, it could raise concerns about its competitive position and future growth prospects.
The print will turn on these.
Q1
What will be the reported revenue growth rate this quarter?
Revenue growth is crucial for understanding the company's market position and demand for its products, especially given the competitive semiconductor landscape.
Q2
How will gross margins be affected by production costs?
Gross margins will indicate the efficiency of Synaptics' operations and its ability to maintain profitability amidst rising costs.
Est. EPS
$1.98
Est. Rev
$113.6B
Impl. Move
±4.0%
Why consensus could be wrong
The Street may be underestimating Synaptics' ability to leverage new technology trends in touch and display solutions, which could drive higher-than-expected demand.
Supporting evidence
Synaptics has consistently beaten EPS estimates by a wide margin, indicating strong operational performance.
The options market is pricing in a significant move, suggesting traders expect volatility that could reflect underlying strength.
The historical trend shows that even with strong EPS beats, the stock has often reacted negatively, indicating potential mispricing.
Key risk
If revenue growth exceeds 15%, it could shift market sentiment significantly.
Pre-commit to what would confirm each case.
The core debate this quarter revolves around whether Synaptics can sustain its growth trajectory in a challenging market.
Bull confirmed if
A revenue growth rate exceeding 15% year-over-year would confirm the bull case.
Bear confirmed if
A revenue decline or flat growth would confirm the bear case.
What the market is pricing for the move.
Implied Move
±3.82%
Historical Avg
±1.8%
The options market is pricing in a move of about 3.82%, suggesting that traders expect some volatility around the earnings announcement.
Options are pricing ±3.8% while SYNA has averaged ±1.8% over the last 8 prints — setup is pricing rich.
ATM IV
0.1%
30d HV
63.5%
Cross-company pattern from 30 similar setups.
Prior-quarter beat + options rich in Semiconductors
Fade rate: 13 of 29 (45%)
This setup has occurred 30 times across Information Technology in the last 2 years. 13 of 29 faded and 16 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 4.8%, with a raw directional average of -2.3% (modestly negative historical bias).
Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.
Bought
$0.00
0 sh
0 insiders
Sold
$14,700.00
147 sh
1 insider
Net
$14,700.00
Net selling
Most Active Insiders· 1 open-market trade
$14,700.00
Net selling
Smart-money positioning from the most recent 13F filings.
Institutional
106.33%
of float
Insider
0.83%
of float
Holders
499
institutions
Top Holders· as of Jun 2026
Ameriprise Financial, Inc.
7,481,694 sh · $893.8M
18.85%
-0.9%
Likely market behavior by outcome. Not investment advice.
Beat & raise
If Synaptics beats expectations and raises guidance, history suggests the stock could see an average one-day move of +0.24%, confirming strong demand.
In line / cautious
If results are in line but management provides cautious commentary, the stock may react neutrally, reflecting uncertainty in future growth.
Miss
If the company misses expectations, history suggests a potential drop of around -2.22%, indicating market disappointment.
The lines on the call that would change the story.
Recent Transactions
Sep 25, 2026 · @ $100.00
147 sh
$14,700.00
Open-market trades only (Form 4 codes P/S). Awards, exercises, and tax-withholding excluded as routine compensation noise.
Blackrock Inc.
4,983,061 sh · $595.3M
12.55%
1.8%
Vanguard Portfolio Management LLC
2,617,281 sh · $312.7M
6.59%
-1.7%
State Street Corporation
2,114,506 sh · $252.6M
5.33%
1.4%
FMR, LLC
1,829,931 sh · $218.6M
4.61%
19.9%
13F filings updated quarterly. Position deltas show change in shares vs. the prior quarter.