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Synaptics Inc. SYNA Unrecognized Tax Benefits

Unrecognized Tax Benefits at other companies

Cirrus Logic logo
Cirrus LogicCRUS
$32.1M0.0%
Silicon Laboratories logo
Silicon LaboratoriesSLAB
$4.7M-9.6%

Other financials

Income statement

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Revenue$308.0M+8.9%
Gross profit$145.8M+20.0%
Operating income-$16.1M+33.5%
Net income-$447.4M-9,419%
EPS (diluted)-$11.50-8,746%

Balance sheet

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Cash & equivalents$442.5M+13.0%
Total debt$876.8M-0.7%
Total equity$929.5M-33.4%
Total assets$2.1B-18.7%

Cash flow

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Operating cash flow$67.6M+18.2%
CapEx$12.3M+86.4%
Free cash flow$55.3M+9.3%

Valuation

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Market cap$3.99B+72.2%
Enterprise value$4.42B+57.5%
P/S3.3×+1.2×

Profitability

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Gross margin44.7%0.0pp
Operating margin-5.6%-1.5pp
Net margin-41%-46.7pp
FCF margin8.5%-2.3pp

Returns & leverage

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Return on equity-42.2%-46.2pp
Debt / equity0.9×+0.3×
Current ratio1.1×-1.7×

Where this comes from

Reported directly by Synaptics Inc. in its filing.

Tagged under the XBRL concept us-gaap:UnrecognizedTaxBenefits.

The source filing: Synaptics Inc.’s 10-Q, filed May 7, 2026.

Filed
May 7, 2026, 4:21 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q1 2026
Accession
0000817720-26-000036

The total liability for gross unrecognized tax benefits related to uncertain tax positions decreased $0.6 million during the nine months ended March 2026, to $44.1 million, and was included in other long-term liabilities on our condensed consolidated balance sheets. If recognized, the total gross unrecognized tax benefits would reduce the effective tax rate on income from continuing operations. Accrued interest and penalties related to unrecognized tax benefits as of March 2026 were $4.5 million; this balance increased by $0.3 million compared to June 2025. We classify interest and penalties as components of income tax expense. Any prospective adjustments to our unrecognized tax benefits will be recorded as an increase or decrease to income tax expense and cause a corresponding change to our effective tax rate. Accordingly, our effective tax rate could fluctuate materially from period to period.

ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

FAQ

What is Synaptics Inc.'s unrecognized tax benefits?
Synaptics Inc. (SYNA) reported unrecognized tax benefits of $44.1M in Q1 2026.
How has Synaptics Inc.'s unrecognized tax benefits changed year-over-year?
Synaptics Inc.'s unrecognized tax benefits decreased by 1.3% year-over-year, from $44.7M to $44.1M.
What does unrecognized tax benefits mean?
This represents the amount of tax benefits from uncertain tax positions that have not been recognized in the financial statements because they do not meet the 'more-likely-than-not' threshold. It reflects the company's exposure to potential tax audits and disputes with tax authorities. This is a key indicator of tax-related legal and financial risk.

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