Synaptics Incorporated (SYNA)

Operating profit margin

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Operating income	US$ in thousands	-94,100	-75,800	154,300	350,400	147,000
Revenue	US$ in thousands	1,074,300	959,400	1,355,100	1,739,700	1,339,600
Operating profit margin		-8.76%	-7.90%	11.39%	20.14%	10.97%

June 30, 2025 calculation

Operating profit margin = Operating income ÷ Revenue
= $-94,100K ÷ $1,074,300K
= -8.76%

The operating profit margin of Synaptics Incorporated has exhibited notable fluctuations over the analyzed period from June 30, 2021, to June 30, 2025. In fiscal year 2021, the margin stood at 10.97%, indicating a relatively healthy operating efficiency and profitability relative to revenue. This margin significantly increased to 20.14% in fiscal year 2022, reflecting improved operational profitability or cost management, and possibly favorable market conditions or revenue growth outpacing operating expenses.

However, the margin experienced a sharp decline in fiscal year 2023, falling to 11.39%. Despite remaining positive, the reduction suggests a deterioration in operating efficiency, increased costs, or competitive pressures impacting profitability. The downward trend continued dramatically into fiscal years 2024 and 2025, with the operating profit margin turning negative at -7.90% and further declining to -8.76%, respectively. These negative margins indicate that the company’s operating expenses exceeded its revenues during these periods, pointing toward operational losses.

Overall, the trend illustrates a peak in operating profitability in 2022 followed by a significant deterioration, culminating in operational losses in the most recent fiscal years. This trajectory warrants a thorough examination of underlying factors such as revenue trends, cost structures, market conditions, or strategic decisions affecting operational efficiency.