| ON |
Report |
Revenue |
IN-LINE |
pred ~$1.61B vs. cons $1.60B |
MEDIUM |
| ON |
Report |
Non-GAAP gross margin |
BEAT |
pred ~39.6% vs. cons 39.1% |
MEDIUM |
| ON |
Report |
Non-GAAP EPS |
BEAT |
pred ~$0.75 vs. cons $0.73 |
MEDIUM |
| ON |
Guide |
3Q26 revenue |
LOWER |
guide ~$1.68B vs. cons $1.71B (3Q26) |
MEDIUM |
| ON |
Guide |
3Q26 non-GAAP gross margin |
LOWER |
guide ~40.3% vs. cons 40.7% (3Q26) |
MEDIUM |
| ON |
Guide |
3Q26 non-GAAP EPS |
LOWER |
guide ~$0.81 vs. cons $0.85 (3Q26) |
MEDIUM |
| ON |
Guide |
FY26 AI-data-center revenue growth |
UNCHANGED |
guide ~$500M vs. cons $500M (FY26) |
MEDIUM |
| ON |
Return |
Day-1 residual (stock − beta × S&P 500) |
-6.5% |
— |
MEDIUM |
| ON |
Return |
5-day cumulative residual |
-9.0% (FOLLOW-THROUGH) |
A modest 2Q EPS and margin beat is likely outweighed by a 3Q revenue/EPS guide roughly $0.03B and $0.04 below consensus, respectively. The implied second-half recovery and gross-margin step-up would be pushed out, driving FY26/FY27 estimate cuts while the Synaptics overhang limits buyers. |
MEDIUM |