Synaptics Incorporated
SYNA Technology Semiconductors
Synaptics Incorporated’s revenue for fiscal 2026 (year ended June 2026) was $1.2 billion, up 11.4% from fiscal 2025. In the quarter to June 2026, revenue grew 8.91%, EPS fell 9,508.3%, free cash flow grew 9.29% and total debt was flat, each against the same quarter a year earlier.
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Synaptics Incorporated (SYNA) Altman Z-score
Synaptics Incorporated's Altman Z-score for fiscal 2026 is 3.45, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 3.45 | 1.00 |
| FY2025 | 2.45 | (0.29) |
| FY2024 | 2.74 | (0.52) |
| FY2023 | 3.26 | (0.39) |
| FY2022 | 3.65 | (0.45) |
| FY2021 | 4.10 | 0.62 |
| FY2020 | 3.48 | 0.66 |
| FY2019 | 2.82 | (0.40) |
| FY2018 | 3.22 | (1.60) |
| FY2017 | 4.82 | 0.25 |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.04 | — | 0.05 | |
| Retained earnings / total assets | 0.33 | — | 0.47 | |
| EBIT / total assets | (0.03) | — | −0.11 | |
| Market value of equity / total liabilities | 4.12 | — | 2.47 | |
| Sales / total assets | 0.57 | — | 0.57 | |
| Altman Z-score | Safe zone | 3.45 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Grey zone | 1.97 | ||
Z and Z″ put Synaptics Incorporated in different zones: safe zone by Z, grey zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| SLAB Silicon Laboratories, Inc. compare | 16.6× |
| CRUS Cirrus Logic, Inc. compare | 14.4× |
| PI Impinj, Inc. compare | 9.2× |
| ALGM Allegro MicroSystems, Inc. compare | 8.5× |
| SIMO Silicon Motion Technology Corporation compare | 6.9× |
| DIOD Diodes Incorporated compare | 4.8× |
| SYNA Synaptics Incorporated | 3.5× |
| VSH Vishay Intertechnology, Inc. compare | 1.9× |
| MXL MaxLinear, Inc compare | 1.9× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets