Slide 1: First Quarter Fiscal 2026 Earnings Supplemental Slides
First Quarter Fiscal 2026 Earnings Supplemental Slides November 6, 2025 © 2025 Synaptics Incorporated 1
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation contains forward-looking statements that are subject to the safe harbor provisions under the Private Securities Litigation Reform Act of 1995 and the Federal Securities laws. Such forward-looking statements include words such as “expect,” “anticipate,” “intend
Slide 3: A Solid Start to FY2026 Fueled by Core IoT
A Solid Start to FY2026 Fueled by Core IoT Total Non-GAAP EPS Revenue Revenue Growth Growth Q1 2026 Q1 2026 Q1 2026 Revenue $ 292.5M YoY Growth 14% YoY Growth 35% Core IoT Revenue Growth Q1 2026 YoY Growth 74% © 2025©Synaptics 2025 Synaptics Incorporated Incorporated 3 3
Slide 4: High-Performance Semiconductor Solutions Leader
High-Performance Semiconductor Solutions Leader Core IoT Product Broad Product Portfolio Revenue Strong Margin Profile Applications Analog Mixed-Signal Q1’26 Revenue Q1’26 Non-GAAP Gross Q1’26 Core IoT Revenue Multi-Core Processors up 14% YoY Margin 53.2%(1) Grew 74% YoY Wireless Connectivity Note:
Slide 5: Technology Leadership Across The Product Portfolio
Technology Leadership Across The Product Portfolio Core IoT Applications Enterprise & Automotive Mobile Touch PC Touchpad/ Wireless Video Interface Biometric Fingerprint Processors Enterprise Telephony Automotive © 2025©Synaptics 2025 Synaptics Incorporated Incorporated 5 5
Slide 6: Synaptics Astra Scalable Edge AI Processors
Synaptics AstraTM Scalable Edge AI Processors 01 02 03 04 Open-Source, Scalable and Standards-based Influential Secure Edge AI AI Tooling with Ecosystem Edge AI for Silicon Synaptics Torq Partnerships Developers SL-Series MPUs SR-Series MCUs synaptics.developer.com © 2025©Synaptics 2025 Synaptics In
Slide 7: Synaptics Astra SL2600 Series
Synaptics AstraTM SL2600 Series Scalable AI Standard Open Compilers Host TorqTM NPU Hardware Operating avoid vendor Systems Compute lock-in Transformers & Traditional CNNs State-of-the-art Multimodal models Inputs Vision, Voice, Coral NPU Local Audio, Time series AI RISC-V Future Operators Processin
Slide 8: Synaptics Torq with Google Coral NPU
Synaptics TorqTM with Google Coral NPU Synaptics Torq Edge AI Architecture combines future-ready NPU architectures with open-source compilers Torq EdgeTM AI Architecture Synaptics Torq Edge AI Architecture has two core elements PyTorch LiteRT JAX ONNX Software 01 Torq NPUs Components IREE Compiler &
Slide 9: Q1'FY26 Financial Highlights
Q1’FY26 Financial Highlights Mobile • Revenue of $293 million, up 14% YoY $41 Core IoT • Core IoT revenue increased 74% YoY and 23% QoQ $104 • Non-GAAP gross margins(1) were within guidance range Q1’FY26 – GAAP gross margin of 42.6% Revenue – Non-GAAP gross margin of 53.2% $293M • GAAP loss per shar
Slide 10: Solid YoY Growth
Solid YoY Growth Revenue Core IoT Revenue Non-GAAP EPS $293 $104 $1.09 $258 $0.81 $60 Q1 '25 Q1 '26 Q1 '25 Q1 '26 Q1 '25 Q1 '26 Revenue up 14% YoY Core IoT revenue increased 74% Non-GAAP EPS growth of 35%(1) (1) Non-GAAP EPS is a non-GAAP measure. For a reconciliation to the most directly comparable
Slide 11: Quarterly Revenue Trend
Quarterly Revenue Trend Total Revenue ($M) Core IoT Revenue Mix $293 35% 30% $283 25% 23% 23% $267 $267 $258 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Note: As-reported, not pro forma for any acquisition/divestiture activity over this timeframe © 2025©Synaptics 2025 Synaptics Incor
Slide 12: Quarterly Gross Margin Trend
Quarterly Gross Margin Trend Non-GAAP Gross Margin(1) GAAP Gross Margin 53.9% 53.6% 53.5% 53.5% 53.2% 46.9% 45.7% 43.4% 43.0% 42.6% Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Note: As-reported, not proforma for any acquisition/divestiture activity over this timeframe (1)Non-GAAP gro
Slide 13: Q1'FY26 Financial Results
Q1’FY26 Financial Results $M (except EPS) Q1'25 Q4'25 Q1'26 QoQ YoY Revenue $257.7 $282.8 $292.5 3% 14% GAAP Gross Margin % 46.9% 43.0% 42.6% -40 bps -430 bps GAAP Operating Expenses $149.3 $145.7 $147.8 1% (1%) GAAP Operating Margin -11.0% -8.5% -8.0% 50 bps 300 bps GAAP EPS ($0.58) ($0.12) ($0.53)
Slide 14: Q1'FY26 Balance Sheet
Q1’FY26 Balance Sheet In Millions Q1'25 Q4'25 Q1'26 Cash & ST Investments $853.6 $452.5 $459.9 AR $135.8 $130.3 $119.5 Inventory $119.6 $139.5 $143.1 PP&E $79.5 $72.1 $77.4 Other $1,602.7 $1,790.0 $1,777.2 Total Assets $2,791.2 $2,584.4 $2,577.1 Current Liabilities (excluding debt) $247.9 $270.9 $26
Slide 15: Q2'FY26 Guidance
Q2’FY26 Guidance $M (except EPS) GAAP Non-GAAP Revenue $300M ± $10M $300M ± $10M Gross Margin* 43.0% ± 2.0% 53.5% ± 1.0% Operating Expenses** $152M ± $4M $106M ± $2M EPS*** ($0.50) ± $0.25 $1.15 ± $0.15 Revenue mix Core IoT 31% 31% Enterprise & Auto 53% 53% Mobile 16% 16% *Projected Non-GAAP gross m
Slide 16: Appendix
First Quarter Fiscal 2026 Earnings Appendix © 2025 Synaptics Incorporated 16
Slide 17: GAAP to Non-GAAP Reconciliation Tables
GAAP to Non-GAAP Reconciliation Tables Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Actual Actual Actual Actual Actual Actual Actual Actual GAAP gross margin $ 124.6 $ 121.5 $ 115.8 $ 122.2 $ 120.9 $ 113.4 $ 110.3 $ 109.0 Acquisition & integration related costs 30.5 29.4 26.6 20.8 20.8 17.8 14.3
Slide 18: GAAP to Non-GAAP Reconciliation Tables - continued
GAAP to Non-GAAP Reconciliation Tables - continued Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Actual Actual Actual Actual Actual Actual Actual Actual GAAP net income (loss) $ (20.6) $ (4.7) $ (21.8) $ 1.8 $ (23.1) $ 208.3 $ (18.1) $ (9.0) Acquisition & integration related costs 35.5 35.8 32.8 2