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Synaptics Reports Second Fiscal Quarter Results

Synaptics Reports Second Fiscal Quarter Results SAN JOSE, Calif. - February 21, 2002 - Synaptics Incorporated (Nasdaq: SYNA) today reported financial results for the second fiscal quarter ended December 31, 2001. Net revenue for the three months ended December 31, 2001 was $26.4 million compared to $18.4 million for the three months ended December 31, 2000, an increase of 43.2%. Net income for the three months ended December 31, 2001 was $2.8 million, which is $0.42 per basic share or $0.14 per diluted share, compared to a net loss of $184,000, or $0.03 per basic and diluted share, for the three months ended December 31, 2000.

The final results for the second fiscal quarter were consistent with the amounts indicated in the Company’s Prospectus dated January 29, 2002. The Company completed an initial public offering (IPO) of 5,000,000 shares of common stock at $11.00 per share on February 1, 2002, which was the first IPO in the United States during 2002. On the same day, Bear, Stearns & Co. Inc., SG Cowen, and SoundView Technology Group exercised their over-allotment option to purchase 750,000 shares from certain stockholders. In view of the recent completion of its IPO, the Company will not host a conference call to discuss second quarter fiscal 2002 results. Synaptics will begin hosting quarterly conference calls on or around April 25, 2002 following the close of the third fiscal quarter ending March 31, 2002.

About Synaptics

Synaptics is the leading worldwide developer and supplier of custom-designed user interface solutions for notebook computers. Synaptics products include TouchPadTM, a small, touch-sensitive pad for interactive input; TouchStykTM, a capacitive pointing stick solution; ClearPadTM, a capacitive touch screen solution; Spiral®, an inductive pen-sensing technology; and QuickStroke®, a patented pattern recognition technology for Chinese handwriting recognition. Synaptics is based in San Jose, California. The company can be contacted at (408) 434-0110, on the web at www.synaptics.com, or via e-mail at sales@synaptics.com.

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

This website contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. Forward-looking statements give our current expectations and projections relating to our financial condition, results of operations, plans, objectives, future performance and business, and can be identified by the fact that they do not relate strictly to historical or current facts. Such forward-looking statements may include words such as "expect," "anticipate," "intend," "believe," "estimate," "plan," "target," "strategy," "continue," "may," "will," "should," variations of such words, or other words and terms of similar meaning. All forward-looking statements reflect our best judgment and are based on several factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. Such factors include, but are not limited to, the risks as identified in the "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Business" sections of our Annual Report on Form 10-K for our most recent fiscal year, and other risks as identified from time to time in our Securities and Exchange Commission reports. Forward-looking statements are based on information available to us on the date hereof, and we do not have, and expressly disclaim, any obligation to publicly release any updates or any changes in our expectations, or any change in events, conditions, or circumstances on which any forward-looking statement is based. Our actual results and the timing of certain events could differ materially from the forward-looking statements. These forward-looking statements do not reflect the potential impact of any mergers, acquisitions, or other business combinations that had not been completed as of the date of this filing.

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