Synaptics leads smartphone chip rally with 75% YTD surge on Edge AI wins

Industry
โดย Yahoo Finance·Read original
Summary · why it matters

Synaptics has surged 74.95% year to date, leading a basket of smartphone chip stocks poised to benefit from the next handset upgrade cycle driven by on-device AI, camera stacks, and RF complexity. The company reported fiscal Q3 2026 revenue of $294.20 million and an 8.17% beat on non-GAAP EPS of $1.09, with full-year Core IoT revenue expected to grow more than 40% year over year to over $385 million. Qualcomm, trading at a forward P/E in the low double digits, saw handset revenue fall 13% year over year to $6.024 billion but expects a bottom in Chinese handset revenues in Q3 FY26 and has authorized a $20 billion share repurchase program. Cirrus Logic delivered a 59.84% EPS beat at $1.95 in Q4 FY26, with full-year free cash flow surging 52.97% to $635.76 million, and is developing next-generation camera controllers to increase Apple silicon content per device. Qorvo posted a 39.48% EPS beat at $1.69 and a 670-basis-point gross margin expansion to 52.6%, while Skyworks Solutions, down 22.29% over the past year, reported a 10.10% EPS beat at $1.15 and expects a multi-generational Android design win to generate over $1.00 billion in revenue through 2030.

Impact on stocks 6

Semiconductors▲ · 4 stocks
Cirrus Logic Inc
CRUS
▲ PositiveDemandrelevance

Developing next-generation camera controllers to increase Apple silicon content per device, indicating growing demand for its products.

Skyworks Solutions Inc
SWKS
▲ PositiveDemandrelevance

Expects multi-generational Android design win to generate over $1.00 billion in revenue through 2030.

Qorvo Inc
QRVO
▲ PositiveCapitalrelevance

Posted 39.48% EPS beat and 670-basis-point gross margin expansion to 52.6%.

Qualcomm Incorporated
QCOM
± MixedCapitalrelevance

Authorized $20B buyback (positive) but handset revenue fell 13% YoY (negative); expects Chinese handset bottom.

Artificial Intelligence▲ · 2 stocks
Synaptics Incorporated
SYNA
▲ PositiveDemandrelevance

Leading smartphone chip rally with 75% YTD surge on Edge AI wins; Core IoT revenue expected to grow >40% YoY.

Theme Impact 2

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