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Synaptics: The Stunning 74% Core IoT Surge Powering Its Next Growth Leg!

Synaptics delivered a strong start to fiscal year 2026, underscored by a 14% year-over-year revenue growth, primarily driven by its Core IoT portfolio, which saw a 74% increase. The successful launch of the Astra Edge AI processors marked a key milestone, reflecting the company’s focus on Edge AI and positioning itself as a significant player in this sector. The new Astra series, along with the integration of Synaptics Torq AI and collaboration with Google Research, positions Synaptics well to tap into the expanding AI inference market, suggesting potential for future growth as these products are anticipated to begin contributing revenues in the second half of 2026. The company’s diversification across IoT, Enterprise, Automotive, and Mobile Touch segments has allowed it to hedge against market-specific volatilities. Synaptics’ enterprise segment showed signs of recovery, despite overall flat revenue growth year-over-year in Enterprise and Automotive segments.