Track market-moving stories before they get noisy

President and CEO Rahul G. Patel reported the sale of 17,578 shares of Synaptics Incorporated (SYNA -0.35%) for a total value of about $1.9 million, according to an SEC Form 4 filing.

Transaction summaryMetricValueTransaction value~$1.9 millionShares sold (directly held)17,578Post-transaction shares (directly held)188,791Post-transaction value$19.06 millionTransaction value based on SEC Form 4 weighted average sale price ($109.91); post-transaction value based on the August 19 market close.

Key questionsWhy was this transaction executed?
The activity was primarily driven by tax withholding requirements following the settlement of performance stock units, supplemented by a secondary sale of 2,276 shares through a pre-arranged Rule 10b5-1 trading plan.What is the insider's remaining direct exposure?
Patel retains a direct position of 188,791 shares, which carries a market value of $19.06 million as of the August 19 market close.How does the company's financial profile align with this activity?
Synaptics reported trailing 12-month revenue of $1.2 billion and a net loss of -$490.8 million, while the stock has achieved a roughly 50% one-year total return as of August 19.What was the impact of recent vesting events on the insider's position?
The insider's equity holdings were recently bolstered by the vesting of 120,000 shares on August 17, providing the necessary liquidity for the subsequent tax-related withholding and plan-based sales.Company OverviewMetricValueShare Price (as of market close 2026-08-18)$104.83Market Capitalization$4.1 billionRevenue (TTM)$1.2 billionNet Income (TTM)-$490.8 millionCompany SnapshotSynaptics develops and markets a comprehensive portfolio of semiconductor solutions spanning audio and video processing, high-speed multimedia connectivity, and display technologies, generating revenue through the licensing and sale of these specialized semiconductor products to device manufacturers globally.The company operates a fabless semiconductor business model, designing and marketing proprietary chip solutions while outsourcing manufacturing, enabling capital-efficient scaling and rapid product innovation across consumer electronics and enterprise markets.Synaptics serves original equipment manufacturers and system integrators in the consumer electronics, computing, and mobile device sectors, with primary customers including leading smartphone, laptop, and display manufacturers worldwide.Synaptics Incorporated is a global semiconductor solutions provider with a market capitalization of $4.1 billion, leveraging its established position since 1986 to deliver specialized audio, video, and connectivity technologies that enhance user experience across consumer and enterprise devices. The company maintains a lean operational footprint of 1,700 employees while generating $1.2 billion in TTM revenue, positioning itself as a focused semiconductor innovator in high-value market segments. Despite current net income headwinds, Synaptics' diversified product portfolio and strong year-over-year equity appreciation reflect investor confidence in its strategic positioning within the semiconductor ecosystem.

What this transaction means for investorsPatel had shares withheld to cover taxes on 120,000 units that vested August 17, and sold a further 2,276 shares under a 10b5-1 plan, together disposing of 17,578 shares against a vest of roughly seven times that size. As CEO, Patel’s transactions tend to carry more weight than this week's other Synaptics filings, but the mechanics here are the same tax withholding.

Before the pending deal with onsemi, which is expected to close by mid-2027, Patel had been steering Core IoT into the company's growth engine, guiding full-year fiscal 2026 Core IoT revenue to grow more than 40% to over $385 million and telling investors on an earlier call, "we are seeing accelerating activity in Physical AI and Edge AI." Third quarter revenue backed that up, rising 10% to $294.2 million with EPS of $1.09. That growth trajectory is effectively what onsemi is paying to acquire. Meanwhile, Patel still holds 188,791 shares directly, a stake that will convert to onsemi stock at a fixed 1.350 exchange ratio once the deal closes. That means his remaining upside is tied to how onsemi and Synaptics both perform, and that's just as important for long-term investors as it is for him.

Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool recommends Synaptics. The Motley Fool has a disclosure policy.

Satish Ganesan, chief strategy officer at Synaptics Incorporated (SYNA -0.35%), disposed of 15,954 shares on August 17 in a non-discretionary transaction valued at $1.8 million, according to an SEC Form 4 filing.

Transaction summaryMetricValueShares sold15,954Transaction value$1.8 millionPost-transaction shares (directly held)87,682Post-transaction value$9.70 millionTransaction value based on SEC Form 4 weighted average sale price ($110.58); post-transaction value based on the August 17 market close ($110.58).

Key questionsWhat necessitated this automated share disposition?
The transaction was executed to cover tax withholding requirements following the vesting of 45,910 shares on August 17 and does not reflect a change in the insider's fundamental view of the company.How does the insider's remaining stake compare to recent market performance?
Ganesan retains a direct position of 87,682 shares following a period where the stock has generated a 40% return over the past 12 months.What is the broader context of insider ownership at the firm?
Following this withholding event, Satish Ganesan's direct holdings contribute to an aggregate insider ownership level of roughly 0.2% for the $4.1 billion semiconductor company.Company OverviewMetricValueShare Price (as of market close 2026-08-18)$104.83Market Capitalization$4.1 billionRevenue (TTM)$1.2 billionNet Income (TTM)-$490.8 millionCompany SnapshotSynaptics develops and markets a comprehensive portfolio of semiconductor solutions, including AudioSmart for advanced sound and voice processing, ConnectSmart for high-speed multimedia connectivity, and DisplayLink for compressed video transmission, generating revenue across audio, video, and connectivity product categories.The company operates a fabless semiconductor business model, designing specialized chips for consumer electronics and computing devices while outsourcing manufacturing, allowing for capital-efficient scaling and rapid product innovation.Synaptics serves original equipment manufacturers and system integrators in the consumer electronics, personal computing, and mobile device markets, with primary customers including major laptop, tablet, and smartphone manufacturers.Synaptics Incorporated is a global semiconductor solutions provider with a market capitalization of $4.1 billion, employing 1,700 professionals from its San Jose headquarters. The company specializes in human-machine interface and connectivity technologies that enhance user experience across diverse consumer and computing platforms. With TTM revenue of $1.2 billion, Synaptics maintains a strategic focus on audio, video, and connectivity solutions while navigating near-term profitability challenges in a competitive semiconductor landscape.

What this transaction means for investorsWhat's more important here for long-term investors is the massive looming deal that fully changes Synaptics' trajectory. The company agreed in June to be acquired by onsemi in an all-stock deal worth roughly $7 billion, and Synaptics has leaned its pitch on Physical AI and Edge AI, with plans to begin sampling its AI-native Astra SR-Series microcontrollers this fall. Financially, the firm's fourth quarter revenue rose 9% to $308 million, with Core IoT product sales up 24% to $104.6 million, the fastest-growing piece of the business and the one most likely tied to Ganesan's bets as chief strategy officer. Meanwhile, non-GAAP EPS climbed 22% to $1.23 even as GAAP results carried a one-time $447.4 million net loss from a deferred tax valuation allowance (so, not from the underlying business itself slowing down).

Synaptics stockholders are set to receive 1.350 shares of onsemi stock for each Synaptics share once the deal closes, a fixed exchange ratio that means Ganesan's remaining 87,682 shares already have a defined future value tied to how onsemi trades. The stock has shed about 45% of its value since June, amid stress that's impacted other semi names, but it's still up 45% over the past year, which well outpaces the broader market.

Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool recommends Synaptics. The Motley Fool has a disclosure policy.

Esther Song, vice president and corporate controller at Synaptics Incorporated (SYNA -0.35%), reported a disposal of 1,409 shares of common stock on August 17 and August 18, according to an SEC Form 4 filing.

Transaction summaryMetricValueTransaction value$152,792Shares sold1,409Post-transaction shares (directly held)14,683Post-transaction value$1.54 millionTransaction value based on SEC Form 4 weighted average sale price ($108.44); post-transaction value based on the August 18 market close ($104.83).

Key questionsWhat was the primary driver of the reported share disposal?
The transaction was primarily driven by tax obligations, as 972 shares were withheld by Synaptics to cover liabilities associated with the settlement of restricted stock units. The remaining 437 shares were sold pursuant to a Rule 10b5-1 trading plan established on February 26.How does this disposal impact the insider's long-term equity position?
The insider continues to hold 14,683 shares directly, maintaining a significant equity interest valued at $1.54 million as of the August 18 market close. This position follows a net increase in shares earlier in the filing period when 4,711 shares were acquired through a vesting event.What is the current market valuation and performance context for the company?
Synaptics currently carries a market capitalization of $4.1 billion and has seen its shares produce a 50% one-year total return as of the August 18 market close. The company reported trailing-12-month revenue of $1.2 billion and a net loss of -$490.8 million during the same period.What is the broader insider ownership profile following this transaction?
Following this disposal, collective insider ownership in the semiconductor firm is approximately 0.04% of the outstanding shares. All 1,409 shares disposed of in this transaction were held directly by the reporting person, and no indirect holdings were reported in the filing.Company OverviewMetricValueShare Price (as of market close 2026-08-18)$104.83Market Capitalization$4.1 billionRevenue (TTM)$1.2 billionNet Income (TTM)-$490.8 millionCompany SnapshotSynaptics develops and markets semiconductor product solutions spanning audio and video processing, high-speed multimedia connectivity, and display interface technologies, with primary revenue generated by AudioSmart, ConnectLink, DisplayLink, and related connectivity and interface solutions.The company operates a fabless semiconductor business model, designing specialized chips for consumer electronics, computing devices, and mobile applications while leveraging third-party foundries for manufacturing and distribution through OEM partners and system integrators.Synaptics serves original equipment manufacturers and system integrators across consumer electronics, personal computing, mobile devices, and enterprise computing markets, with particular emphasis on enhancing user interface and multimedia connectivity capabilities.Synaptics Incorporated is a global semiconductor solutions provider with a market capitalization of $4.1 billion, employing 1,700 professionals across its San Jose headquarters and international operations. The company maintains a diversified product portfolio addressing critical interface and connectivity requirements in consumer and computing applications, positioning itself as a specialized provider of human-machine interface and multimedia transmission technologies. Despite current net losses reflecting industry cyclicality and integration costs, Synaptics' TTM revenue of $1.2 billion reflects its established market presence and the persistent demand for advanced audio, video, and connectivity solutions across multiple end markets.

What this transaction means for investorsSong had 972 shares withheld to cover taxes on vested restricted stock, and sold another 437 shares under a 10b5-1 plan she set up back in February. Both pieces are standard mechanics, and the filing also shows she picked up 4,711 shares through vesting earlier in the period, so her position grew before this trim took a small piece back.

For Synaptics shareholders generally, the more useful lens right now is the pending acquisition with onsemi, whose offer values the combined company at $7.8 billion in projected 2026 revenue once the deal closes. The two companies have said they expect roughly $200 million in annual cost synergies within 18 months of closing. onsemi is also taking on Synaptics' balance sheet as part of the deal, and pro forma net debt sits at a modest $1.2 billion, or about 0.6 times combined EBITDA, a low enough figure that the acquisition isn't loading up on debt to get done. On the stand-alone numbers, Synaptics closed out fiscal 2026 with full-year revenue up 11% to $1.2 billion, and non-GAAP EPS up 27% to $4.58, and the company still found room to buy back $92.7 million of stock in the fourth quarter alone, even with a deal already in motion. The deal is expected to close around the middle of next year; watching how the firms move forward and what happens with closing milestones will ultimately be important for long-term investors than sales like this one.

Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool recommends Synaptics. The Motley Fool has a disclosure policy.

Key Takeaways Synaptics' Q4 revenues rose 8.9% as Core IoT sales jumped 24.2% year over year.SYNA's non-GAAP operating income rose 29.1%, while gross margin expanded to 54.5%. Synaptics withheld guidance due to its pending all-stock acquisition by onsemi. Synaptics (SYNA - Free Report) reported fourth-quarter fiscal 2026 non-GAAP earnings of $1.23 per share, which increased 21.8% year over year and beat the Zacks Consensus Estimate by 1.65%.

Revenues increased 9% year over year to $308 million and surpassed the consensus mark by 0.98%. Core IoT product sales grew 24% year over year in the reported quarter to $104.6 million. Management said continued strength in Core IoT drove upside during the quarter, while performance across all major product categories was in line with expectations.

Enterprise and Automotive product applications produced $164.3 million in revenues, up 9.8% year over year. Mobile product application revenues declined 20.2% to $39.1 million, partly offsetting growth in the other two categories.

SYNA’s Q4 Operating DetailsNon-GAAP gross margin expanded 100 basis points (bps) year over year to 54.5%. 

Non-GAAP research and development expenses increased 3.1% year over year to $75.7 million.

On a non-GAAP basis, selling, general and administrative expenses increased 2.9% to $32 million.

Non-GAAP operating income increased 29.1% year over year to $60.3 million. Non-GAAP operating margin reached 20%, its highest level in 13 quarters and an improvement of 300 bps year over year.

SYNA Generates Cash Flow & Returns CapitalAs of June 27, 2026, Synaptics had $442.5 million in cash and cash equivalents. Total debt stood at $837.3 million.

For the period ended June 27, 2026, net cash provided by operating activities increased to $149.4 million from $142 million as of June 27, 2025.

Synaptics returned capital to shareholders, repurchasing $92.7 million of common stock during the period ended June 27, 2026.

SYNA Withholds Outlook Amid Pending onsemi DealSynaptics did not provide forward-looking financial guidance or schedule a quarterly earnings conference call because of its pending acquisition by onsemi. The companies entered into a definitive all-stock merger agreement on June 25, 2026.

Management said its strategic priorities remain focused on Physical AI and Edge AI. The company reported expanding customer engagements, increased design wins and a growing pipeline across key markets, including Physical AI and robotics. Synaptics plans to begin sampling its AI-native Astra SR-Series microcontrollers for emerging Edge AI applications this fall.

SYNA Zacks Rank & Stocks to ConsiderCurrently, Synaptics carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the broader Zacks Computer and Technology sector include Kimball Electronics (KE - Free Report) , NVIDIA (NVDA - Free Report) and Inuvo (INUV - Free Report) . Currently, Kimball Electronics and Inuvo each sport a Zacks Rank #1 (Strong Buy), while NVDA carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Shares of Kimball Electronics have lost 6.1% in the year-to-date period. KE is set to report the fourth quarter of fiscal 2026 results on Aug. 12.

Inuvo shares have plunged 58.5% in the year-to-date period. INUV is set to report first-quarter fiscal 2027 results on Aug. 11.

Shares of NVIDIA have gained 20.1% in the year-to-date period. NVDA is slated to report second-quarter 2026 results on Aug. 26.

Fiscal 2026 revenue increased 11%, the second consecutive year of double-digit growth

Fiscal 2026 Core IoT product sales increased 43% year-over-year, representing 33% of total sales

Q4'26 Financial Results

Revenue of $308.0 million, up 9% year-over-yearFiscal fourth quarter Core IoT product sales grew by 24% year-over-yearGAAP gross margin of 47.3%Non-GAAP gross margin of 54.5%GAAP loss per share of $11.53Non-GAAP diluted earnings per share of $1.23Fourth quarter results include a $425.3 million, or $10.96 per share, non-cash charge related to the establishment of a valuation allowance against U.S. deferred tax assets, which is excluded from non-GAAP results.
Fiscal 2026 Financial Highlights

Revenue of $1.2 billion, increased 11% year-over-yearCore IoT product sales grew by 43% year-over-yearGAAP loss per share of $12.62, which includes the impact of the establishment of a valuation allowanceNon-GAAP diluted earnings per share increased 27% to $4.58Repurchased shares in the amount of $92.7 million (or approximately 1.3 million shares)
SAN JOSE, Calif., Aug. 06, 2026 (GLOBE NEWSWIRE) -- Synaptics Incorporated (Nasdaq: SYNA) today reported financial results for its fourth quarter and full year of fiscal 2026 ended June 27, 2026.

Net revenue for the fourth quarter of fiscal 2026 was $308.0 million. GAAP net loss for the fourth quarter of fiscal 2026 was $447.4 million, or a net loss of $11.53 per basic share. Non-GAAP net income for the fourth quarter of fiscal 2026 was $50.1 million, or $1.23 per diluted share.

For the full year fiscal 2026, net revenue was $1.2 billion. GAAP gross margin for fiscal 2026 at 44.7% was flat compared to the prior year; and non-GAAP gross margin of 53.7% compared to 53.6% in the prior year. GAAP net loss for the recently completed fiscal year was $490.8 million or a net loss of $12.62 per basic share. Non-GAAP net income for the recently completed fiscal year was $185.9 million or $4.58 per diluted share.

“Synaptics completed another strong fiscal year, with sustained growth and momentum across the business," said Rahul Patel, Synaptics' President and Chief Executive Officer. "We delivered solid financial results in fiscal 2026, with revenue increasing 11%, driven by 43% growth in our Core IoT portfolio. In the fourth quarter, revenue, gross margin, and non-GAAP EPS were all above the mid-point of our guidance, and non-GAAP operating margin reached 20%, our highest level in 13 quarters and an improvement of 300 basis points year-over-year. Performance across all major product categories was in line with expectations, with continued strength in Core IoT driving upside during the quarter."

"Our strategic priorities remain unchanged as we advance our leadership in Physical AI and Edge AI. During the quarter, we expanded customer engagements, increased design wins, and continued to build our pipeline across key growth markets, including Physical AI and robotics. Our product roadmap remains on track, with sampling of our AI-native Astra SR-Series microcontrollers for emerging Edge AI applications expected to begin this fall. We are excited about the pending merger with onsemi, which we believe brings together highly complementary product portfolios and benefits from onsemi's manufacturing scale, global customer relationships, and extensive distribution network, anticipated to expand market opportunities, accelerate growth, and deliver greater value to customers and shareholders."

Pending Acquisition by onsemi
As previously announced, on June 25, 2026, onsemi and Synaptics entered into a definitive agreement under which onsemi agreed to acquire Synaptics in an all-stock transaction. Due to the pending transaction, Synaptics will not host a quarterly earnings conference call or provide a forward-looking financial outlook.

This press release will be available on the company’s website at https://investor.synaptics.com/

About Synaptics Incorporated:
Synaptics (Nasdaq: SYNA) is driving innovation in AI at the Edge, bringing AI closer to end users and transforming how we engage with intelligent connected devices, whether at home, at work, or on the move. As a go-to partner for forward-thinking product innovators, Synaptics powers the future with its cutting-edge Synaptics Astra™ AI-Native embedded compute, wireless connectivity, and multimodal sensing solutions. We’re making the digital experience smarter, faster, more intuitive, secure, and seamless. From touch, display, and biometrics to AI-driven wireless connectivity, video, vision, audio, speech, and security processing, Synaptics is a force behind the next generation of technology enhancing how we live, work, and play.

Follow Synaptics on LinkedIn, Facebook, Instagram, and YouTube, or visit www.synaptics.com.

Use of Non-GAAP Financial Information
In evaluating its business, Synaptics considers and uses Non-GAAP Net Income, which we define as net income excluding share-based compensation, acquisition-related costs, and certain other non-cash or recurring and non-recurring items the company does not believe are indicative of its core operating performance, as a supplemental measure of operating performance. Non-GAAP Net Income is not a measurement of the company’s financial performance under GAAP and should not be considered as an alternative to GAAP Net Income. The company presents Non-GAAP Net Income because it considers it an important supplemental measure of its performance since it facilitates operating performance comparisons from period to period by eliminating potential differences in net income caused by the existence and timing of share-based compensation charges, acquisition and integration-related costs, restructuring costs, and certain other non-cash or recurring and non-recurring items. Non-GAAP Net Income has limitations as an analytical tool and should not be considered in isolation or as a substitute for the company’s GAAP Net Income. The principal limitations of this measure are that it does not reflect the company’s actual expenses and may thus have the effect of inflating its net income and net income per share as compared to its operating results reported under GAAP. In addition, the company presents components of Non-GAAP Net Income, such as Non-GAAP Gross Margin, Non-GAAP operating expenses, Non-GAAP operating margin and Non-GAAP net income per share, for similar reasons.

As presented in the “Reconciliation of GAAP Financial Measures to Non-GAAP Financial Measures” tables that follow, Non-GAAP Net Income and each of the other Non-GAAP financial measures excludes one or more of the following items:

Acquisition and integration related costs
Acquisition and integration related costs primarily consist of:

amortization of purchased intangibles, which include acquired intangibles such as developed technology, customer relationships, trademarks, backlog, licensed technology, patents, and in-process technology when post-acquisition development is determined to be substantively complete;inventory fair value adjustments affecting the carrying value of inventory acquired in an acquisition;transitory post-acquisition incentive programs negotiated in connection with an acquired business or designed to encourage post-acquisition retention of key employees;legal and consulting costs directly associated with acquisitions, potential acquisitions and refinancing costs, including non-recurring acquisition related costs and services; andCosts incurred in the period in connection with the proposed merger with onsemi.
These acquisition and integration-related costs are not factored into the company’s evaluation of its ongoing business operating performance or potential acquisitions, as they are not considered as part of the company’s principal operations. Further, the amount of these costs can vary significantly from period to period based on the terms of an earn-out arrangement, revisions to assumptions that went into developing the estimate of the contingent consideration associated with an earn-out arrangement, the size and timing of an acquisition, the lives assigned to the acquired intangible assets, and the maturity of the business acquired. Excluding acquisition related costs from Non-GAAP measures provides investors with a basis to compare Synaptics against the performance of other companies without the variability and potential earnings volatility associated with purchase accounting and acquisition-related items.

Share-based compensation
Share-based compensation expense relates to employee equity award programs and the vesting of the underlying awards, which includes stock options, deferred stock units, market stock units, performance stock units, phantom stock units and the employee stock purchase plan. Share-based compensation settled with stock, which includes stock options, deferred stock units, market stock units, performance stock units and the employee stock purchase plan, is a non-cash expense, while share-based compensation settled with cash, which includes phantom stock units, is a cash expense. Settlement of all employee equity award programs, whether settled with cash or stock, varies in amount from period to period and is dependent on market forces that are often beyond the company’s control. As a result, the company excludes share-based compensation from its internal operating forecasts and models. The company believes that Non-GAAP measures reflecting adjustments for share-based compensation provide investors with a basis to compare the company’s principal operating performance against the performance of peer companies without the variability created by share-based compensation resulting from the variety of equity-linked compensatory awards used by other companies and the varying methodologies and assumptions used.

Restructuring costs
Restructuring costs are costs incurred to address cost structure inefficiencies of acquired or existing business operations and consist primarily of employee termination, asset disposal and office closure costs, including the reversal of such costs. As a result, the company excludes restructuring costs from its internal operating forecasts and models when evaluating its ongoing business performance. The company believes that Non-GAAP measures reflecting adjustments for restructuring costs provide investors with a basis to compare the company’s principal operating performance against the performance of other companies without the variability created by restructuring costs designed to address cost structure inefficiencies of acquired or existing business operations.

Legal settlement accruals and other
Legal settlement accruals and other represent our estimated cost of settling legal claims and any obligations to indemnify a counterparty against third party claims that are unusual or infrequent. As a result, the company will exclude these settlement charges from its internal operating forecasts and models when evaluating its ongoing business performance. The company believes that Non-GAAP measures reflecting an adjustment for settlement charges provide investors with a basis to compare the company’s principal operating performance against the performance of other companies without the variability created by unusual or infrequent settlement accruals designed to address non-recurring or non-routine costs.

Intangible asset impairment
Intangible asset impairment charge represents the excess carrying value of an indefinite-lived asset over its fair value. The intangible asset impairment charge is a non-cash charge. The company excludes intangible asset impairment charge from its internal operating forecasts and models when evaluating its ongoing business performance. The company believes that Non-GAAP measures, reflecting adjustments for intangible asset impairment charge, provide investors with a basis to compare the company’s principal operating performance against the performance of other companies without the variability created by the intangible asset impairment charge.

Loss on early extinguishment of debt
Loss on early extinguishment of debt represents a non-cash item based on the difference between the carrying value of the debt and the fair value of the debt when extinguished. Loss on early extinguishment of debt is excluded from Non-GAAP results as it is non-cash. Excluding loss on early extinguishment of debt from Non-GAAP measures provides investors with a basis to compare Synaptics against the performance of other companies without the variability associated with loss on early extinguishment of debt.

Other non-cash items
Other non-cash items include non-cash amortization of debt discount and issuance costs. These items are excluded from Non-GAAP results as they are non-cash. Excluding other non-cash items from Non-GAAP measures provides investors with a basis to compare Synaptics against the performance of other companies without the variability associated with other non-cash items.

Other miscellaneous income/expense
Other miscellaneous expense, net items include funds previously paid to third parties refunded back to the company and cost method investment impairment charge. These miscellaneous items are excluded from our non-GAAP results because they are not indicative of the company’s core operating performance. Management believes that adjusting for these items enhances investors’ ability to meaningfully compare the company’s ongoing financial performance with that of other companies by removing variability caused by infrequent or non-routine personnel-related costs.

Non-GAAP tax adjustments
The company forecasts its long-term Non-GAAP tax rate in order to provide investors with improved long-term modeling accuracy and consistency across financial reporting periods by eliminating the effects of certain items in our Non-GAAP net income and Non-GAAP net income per share, including the type and amount of share-based compensation, the taxation of post-acquisition intercompany intellectual property cross-licensing or transfer transactions, a non-cash tax expense related to the establishment of a full valuation allowance against U.S. deferred tax assets and the impact of other acquisition items that may or may not be tax deductible.

The company intends to evaluate its long-term Non-GAAP tax rate annually for significant events, including material tax law changes in the major tax jurisdictions in which the company operates, corporate organizational changes related to acquisitions or tax planning opportunities, and substantive changes in our geographic earnings mix.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains statements that are not historical facts but rather forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the safe harbors created under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. Forward-looking statements reflect the company’s current expectations and projections including those relating to the proposed merger with onsemi, and expectations and projections relating to the company's financial condition, results of operations, plans, objectives, future performance and business, including statements regarding the company’s anticipated business trends and growth drivers in Core IoT and Edge AI, product development and integration activities, strategic and technology investments, operational discipline, backlog, demand conditions, and capital allocation initiatives. Such statements do not relate strictly to historical or current facts and may be identified by words such as “expect,” “anticipate,” “intend,” “believe,” “estimate,” “plan,” “target,” “strategy,” “continue,” “may,” "commit," “will,” “should,” variations of such words, or other words and terms of similar meaning.

All forward-looking statements are based upon the company’s current expectations or various assumptions. The company’s expectations and assumptions are expressed in good faith, and the company believes there is a reasonable basis for them. However, there can be no assurance that such forward-looking statements will materialize or prove to be correct as forward-looking statements are inherently subject to known and unknown risks, uncertainties and other factors which may cause actual future results, performance or achievements to differ materially from the future results, performance or achievements expressed in or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those set out in the forward-looking statements include, but are not limited to: risks related to the completion of the proposed merger with onsemi, including the risk that required regulatory approvals or stockholder approval may not be obtained, or that customary closing conditions may not be satisfied, the timing of closing, the parties' ability to consummate the transaction, and the risk of any adverse developments that could affect the likelihood of closing; uncertainties regarding the combined company's ability to achieve the anticipated benefits, synergies, cost savings and expense reductions from the merger; global macroeconomic and geopolitical conditions, including trade tensions, tariffs, inflation, military conflicts (such as those involving the United States, Russia, Ukraine, Israel, Iran and other countries in the Middle East and beyond), and market volatility, any of which may adversely affect customer demand for our products, purchasing behavior, supply chain disruptions, increased costs, and operational adjustments (such as reductions in force); the company’s ability to successfully execute on its strategies, including new product introductions, acquisitions and strategic partnerships; manufacturing and supply chain risks, including the company’s dependence on third parties to maintain satisfactory manufacturing yields and deliverable schedules, constraints or imbalances in the availability of critical components (including memory components used in combination with our products) or delays from third-party foundries and assemblers; risks related to customer concentration, inventory corrections, or changes in end-market adoption trends; the company’s dependence on one or more large customers, including risks relating to the loss or non-renewal of contracts with key customers; the company’s exposure to industry downturns and cyclicality in its target markets; expectations related to our financial performance for the upcoming quarter, including expected revenue contribution, growth, demand, or mix from Core IoT, Enterprise and Automotive markets, and other product categories or end markets; inflationary pressures, fluctuating interest rates, and exchange rate volatility; the company’s ability to execute on its cost reduction initiatives and to achieve expected synergies and expense reductions; the company’s ability to maintain and build relationships with its customers; the company’s indemnification obligations for any third party claims; risks associated with leadership transitions, including continuity and retention of key technical or managerial personnel; risks related to our ability to deliver expected financial or strategic benefits from investing in growth while simultaneously returning capital to stockholders through share repurchases; and other risks as identified in the “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Business” sections of the company’s most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q; and other risks as identified from time to time in the company’s Securities and Exchange Commission reports.

Forward-looking statements contained in this press release are based on information available to the company as of the date of hereof, and the company assumes no obligation to update publicly or revise any forward-looking statements in light of new information or future events, except as required by law.

Synaptics and the Synaptics logo are trademarks of Synaptics in the United States and/or other countries. All other marks are the property of their respective owners.

For more information, please contact:
Munjal Shah
Head of Investor Relations
+1-408-518-7639
[email protected]

    SYNAPTICS INCORPORATED
CONDENSED CONSOLIDATED BALANCE SHEETS
(In millions)
(Unaudited)     June 2026 June 2025ASSETS   Current assets:   Cash and cash equivalents$442.5  $391.5 Short-term investments —   61.0 Accounts receivable, net 164.0   130.3 Inventories 156.4   139.5 Prepaid expenses and other current assets 24.1   29.6 Total current assets 787.0   751.9 Property and equipment, net 86.9   72.1 Goodwill 872.3   872.3 Acquired intangible assets 187.8   262.2 Deferred tax assets 6.2   408.8 Non-current other assets 161.8   217.1 Total assets$2,102.0  $2,584.4 LIABILITIES AND STOCKHOLDERS’ EQUITY   Current liabilities:   Accounts payable$82.6  $98.5 Accrued liabilities 179.1   172.4 Current portion of debt 439.6   — Total current liabilities 701.3   270.9 Long-term debt 397.7   834.8 Other long-term liabilities 73.5   83.8 Total liabilities 1,172.5   1,189.5 Stockholders' equity:   Common stock and additional paid-in capital 1,330.0   1,211.9 Treasury stock (1,099.6)  (1,006.9)Retained earnings 699.1   1,189.9 Total stockholders' equity 929.5   1,394.9 Total liabilities and stockholders’ equity$2,102.0  $2,584.4          SYNAPTICS INCORPORATED
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(In millions, except per share data)
(Unaudited)     Three Months Ended Year Ended June 2026 June 2025 June 2026 June 2025Net revenue$308.0  $282.8  $1,197.2  $1,074.3 Acquisition-related costs (1) 21.9   29.4   106.7   97.5 Cost of revenue 140.3   131.9   555.1   496.4 Gross margin 145.8   121.5   535.4   480.4 Operating expenses:       Research and development 97.8   93.6   381.8   346.8 Selling, general, and administrative 54.7   46.1   198.3   180.3 Acquired intangibles amortization (1) 1.9   4.6   12.3   16.7 Intangible asset impairment charges 6.8   —   6.8   13.8 Restructuring costs (2) 0.7   1.4   3.3   16.9 Total operating expenses 161.9   145.7   602.5   574.5 Operating loss (16.1)  (24.2)  (67.1)  (94.1)Interest expense and other, net (7.9)  (1.6)  (12.3)  (12.9)Loss on early extinguishment of debt —   —   —   (6.5)Loss before provision (benefit) for income taxes (24.0)  (25.8)  (79.4)  (113.5)Provision/(benefit) for income taxes (3) 423.4   (21.1)  411.4   (65.7)Net loss$(447.4) $(4.7) $(490.8) $(47.8)Net loss per share:       Basic$(11.53) $(0.12) $(12.62) $(1.22)Diluted$(11.53) $(0.12) $(12.62) $(1.22)Shares used in computing net loss per share:       Basic 38.8   38.6   38.9   39.3 Diluted 38.8   38.6   38.9   39.3  (1) These acquisition related costs and acquired intangibles amortization consist primarily of amortization associated with certain acquired intangible assets.(2) Restructuring costs primarily include severance and lease related costs associated with operational restructurings.

(3) The tax provision for the three months and year ended June 2026 includes a $425.3 million non-cash tax expense related to the establishment of a full valuation allowance against U.S. deferred tax assets.

  SYNAPTICS INCORPORATED
Reconciliation of GAAP Financial Measures to Non-GAAP Financial Measures
(In millions, except per share data)
(Unaudited)     Three Months Ended Year Ended June 2026 June 2025 June 2026 June 2025GAAP gross margin$145.8  $121.5  $535.4  $480.4 Acquisition and integration related costs (1) 21.9   29.3   106.7   97.5 Share-based compensation 0.3   0.4   1.2   (1.7)Non-GAAP gross margin$168.0  $151.2  $643.3  $576.2 GAAP gross margin - percentage of revenue (1) 47.3%  43.0%  44.7%  44.7%Acquisition and integration related costs - percentage of revenue (1) 7.1%  10.4%  8.9%  9.1%Share-based compensation - percentage of revenue (1) 0.1%  0.1%  0.1%  (0.2%)Non-GAAP gross margin - percentage of revenue (1) 54.5%  53.5%  53.7%  53.6%GAAP research and development expense$97.8  $93.6  $381.8  $346.8 Share-based compensation (22.1)  (20.2)  (86.8)  (68.8)Non-GAAP research and development expense$75.7  $73.4  $295.0  $278.0 GAAP selling, general, and administrative expense$54.7  $46.1  $198.3  $180.3 Share-based compensation (11.8)  (10.5)  (61.3)  (45.7)Acquisition and integration related costs (10.9)  (4.5)  (11.5)  (10.9)Legal settlement accruals and other —   —   —   (3.0)Non-GAAP selling, general, and administrative expense$32.0  $31.1  $125.5  $120.7 GAAP operating loss$(16.1) $(24.2) $(67.1) $(94.1)Acquisition and integration related costs (1) 34.7   38.4   130.5   125.1 Share-based compensation 34.2   31.1   149.3   112.8 Legal settlement accruals and other —   —   —   3.0 Intangible asset impairment 6.8   —   6.8   13.8 Restructuring costs 0.7   1.4   3.3   16.9 Non-GAAP operating income$60.3  $46.7  $222.8  $177.5 GAAP net loss$(447.4) $(4.7) $(490.8) $(47.8)Acquisition and integration related costs (1) 34.7   38.4   130.5   125.1 Share-based compensation 34.2   31.1   149.3   112.8 Restructuring costs 0.7   1.4   3.3   16.9 Legal settlement accruals and other —   —   —   3.0 Intangible asset impairment 6.8   —   6.8   13.8 Loss on early extinguishment of debt —   —   —   6.5 Other non-cash items 0.8   0.8   3.0   2.7 Other miscellaneous income/expense 5.0   —   2.7   — Non-GAAP tax adjustments (2) 415.3   (27.5)  381.1   (89.1)Non-GAAP net income$50.1  $39.5  $185.9  $143.9 GAAP net loss per share$(11.53) $(0.12) $(12.62) $(1.22)Acquisition and integration related costs 0.89   0.99   3.35   3.19 Share-based compensation 0.88   0.80   3.84   2.87 Restructuring costs 0.02   0.04   0.08   0.43 Legal settlement accruals and other —   —   —   0.08 Intangible asset impairment 0.18   —   0.17   0.35 Loss on early extinguishment of debt —   —   —   0.17 Other non-cash items 0.02   0.02   0.08   0.07 Other miscellaneous income/expense 0.13   —   0.07   — Non-GAAP tax adjustments (2) 10.70   (0.70)  9.80   (2.27)Share adjustment (0.06)  (0.02)  (0.19)  (0.05)Non-GAAP net income per share - diluted$1.23  $1.01  $4.58  $3.62 Shares used in per share calculation - diluted on GAAP basis 38.8   38.6   38.9   39.3 Non-GAAP adjustment (3) 1.9   0.5   1.7   0.5 Shares used in per share calculation - diluted on non-GAAP basis 40.7   39.1   40.6   39.8                 (1) Amounts and percentages may not reconcile due to rounding(2) Non-GAAP tax adjustments includes $425.3 million non-cash tax expense for the three months and year ended June 2026 related to the establishment of a full valuation allowance against U.S. deferred tax assets

(3) The adjustment represents the net incremental dilutive shares from employee equity programs under the treasury stock method. Dilutive shares from our convertible debt instrument using the if-converted method are excluded from non-GAAP diluted share count as they are expected to be offset by the capped call transactions entered by the Company in conjunction with our 2031 Notes in order to reduce the potential dilution to the Company’s common stock upon the conversion.

  SYNAPTICS INCORPORATED
CONDENSED CONSOLIDATED CASH FLOWS
(In millions)
(Unaudited)   Year Ended  2026   2025 Net loss$(490.8) $(47.8)Non-cash operating items 728.3   219.0 Changes in working capital (88.1)  (29.2)Net cash provided by operating activities 149.4   142.0     Acquisition of business, net of cash and cash equivalents acquired —   (201.1)Purchases of short-term investments —   (61.0)Proceeds from maturities of investments 61.0   — Purchase of intangible assets —   (10.0)Purchases of property and equipment and other (48.0)  (25.8)Net cash provided by (used in) investing activities 13.0   (297.9)    Proceeds from issuance of convertible senior notes, net of issuance costs —   439.5 Payment of debt issuance costs on convertible senior notes and revolving credit facility —   (4.4)Payments for capped call transactions related to the convertible senior notes —   (49.9)Equity compensation, net (31.2)  (5.7)Repurchases of common stock, exclusive of excise taxes (92.7)  (128.3)Return of deposit from vendor 14.0   — Repayment of debt —   (583.5)Other (1.6)  0.9 Net cash used in financing activities (111.5)  (331.4)Effect of exchange rate changes on cash and cash equivalents 0.1   1.9 Net increase (decrease) in cash and cash equivalents 51.0   (485.4)Cash and cash equivalents, beginning of period 391.5   876.9 Cash and cash equivalents, end of period$442.5  $391.5          SYNAPTICS INCORPORATED
Revenue By Product Categories
(In millions)
(Unaudited)     Three Months Ended Year Ended June 2026 June 2025 June 2026 June 2025Enterprise and Automotive product applications$164.3 $149.6 $641.1 $610.1Core IoT product applications 104.6  84.2  389.7  272.4Mobile product applications 39.1  49.0  166.4  191.8  308.0  282.8  1,197.2  1,074.3            

Synaptics (SYNA - Free Report) reported $308 million in revenue for the quarter ended June 2026, representing a year-over-year increase of 8.9%. EPS of $1.23 for the same period compares to $1.01 a year ago.

The reported revenue represents a surprise of +0.98% over the Zacks Consensus Estimate of $305 million. With the consensus EPS estimate being $1.21, the EPS surprise was +1.65%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Synaptics performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Net revenue- Core IoT product applications: $104.6 million compared to the $99.67 million average estimate based on three analysts.Net revenue- Enterprise and Automotive product applications: $164.3 million versus $161.9 million estimated by three analysts on average.Net revenue- Mobile product applications: $39.1 million versus $42.09 million estimated by three analysts on average.View all Key Company Metrics for Synaptics here>>>

Shares of Synaptics have returned -18.9% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

On July 24, 2026, Synaptics Inc (SYNA) shares fell 3.9% today, closing at $113.00. This decline is notable, especially considering the stock's 52-week range of

Vikram Gupta, the chief product officer at Synaptics Incorporated (SYNA +5.04%), disposed of 1,848 shares of common stock in transactions completed on July 17, 2026, and July 20, 2026, as disclosed in a recent SEC Form 4 filing.

Transaction summaryMetricValueTransaction value$211,023Shares sold1,848Post-transaction shares (directly held)81,586Post-transaction value$9.27 millionTransaction value based on SEC Form 4 weighted average sale price ($114.19); post-transaction value based on July 20, 2026 market close ($113.60).

Key questionsWhat was the primary driver for this disposition of equity?
Approximately 80% of the total volume—1,488 shares—was non-discretionary, as these shares were withheld by the company to satisfy tax withholding obligations triggered by the settlement of restricted stock units.How does the discretionary sale align with the insider’s trading strategy?
The sale of 360 shares was executed pursuant to a Rule 10b5-1 trading plan established on September 12, 2025, which provides a structured framework for liquidity that is not contingent on current market conditions.What is the recent financial and market context for the company?
Synaptics stock achieved a one-year gain of 72% as of the July 20, 2026, transaction date, while reporting trailing-twelve-month revenue of $1.2 billion and a net loss of $48.1 million.Does the insider retain a meaningful stake in the company?
Yes, Vikram Gupta remains a direct shareholder with 81,586 shares, representing approximately 0.2% of the firm, which had a market capitalization of $4.5 billion as of the July 17, 2026, market close.Company OverviewMetricValueShare Price (as of market close 2026-07-17)$114.05Market Capitalization$4.5 billionRevenue (TTM)$1.2 billionNet Income (TTM)-$48.1 millionCompany SnapshotSynaptics develops and markets semiconductor product solutions, including AudioSmart for advanced sound and voice processing, ConnectSmart for high-speed multimedia connectivity, and DisplayLink for compressed video transmission, generating revenue across audio, video, and connectivity solutions.The company operates a fabless semiconductor business model, designing specialized chips for consumer electronics and computing devices while leveraging third-party manufacturing partners to optimize capital efficiency and scalability.Synaptics serves original equipment manufacturers and system integrators in the personal computing, mobile, and consumer electronics markets, with primary customers including major laptop, smartphone, and peripheral device manufacturers.Synaptics Incorporated is a global semiconductor solutions provider with $1.2 billion in TTM revenue, specializing in human-machine interface and connectivity technologies. The company has demonstrated significant market momentum, with its stock appreciating 72% over the past year, reflecting investor confidence in its product portfolio and market positioning. Synaptics maintains competitive advantages through its specialized expertise in audio processing, video transmission, and connectivity solutions that enhance user experience across diverse consumer and computing platforms.

What this transaction means for investorsThe discretionary piece of this filing is just 360 shares, worth about $41,000. Everything else, roughly 80%, was scooped up for taxes when Gupta's restricted stock settled. For the executive who owns Synaptics' product roadmap, keeping 81,586 shares while a sliver goes to the IRS doesn’t raise any red flags for investors at all.

More interestingly, however, those products are increasingly aimed at edge AI. Synaptics grew fiscal third-quarter revenue 10% to $294.2 million, led by a 31% jump in core internet-of-things chips, and rolled out an FDA-cleared and design-win pipeline in what management calls physical AI and robotics, with more than 35 customers now engaged there, “including a leading generative AI OEM,” according to the latest earnings call. CEO Rahul Patel also said the company is "delivering highly differentiated products and solutions.” Ultimately, this robotics engagement is worth keeping an eye on, especially since a product chief holding his shares while wins accumulate is a modest signal that the roadmap has runway.

Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool recommends Synaptics. The Motley Fool has a disclosure policy.

Lisa Bodensteiner, the Senior Vice President, Chief Legal Officer and Corporate Secretary at Synaptics Incorporated (SYNA +5.14%), reported a sale of 1,502 shares, according to an SEC Form 4 filing.

Transaction summaryMetricValueTransaction value~$171,709Shares sold1,502Post-transaction shares (directly held)60,487Post-transaction value$6.87 millionTransaction value based on SEC Form 4 weighted average sale price ($114.32); post-transaction value based on July 20, 2026 market close ($113.60).

Key questionsWhat were the primary drivers of this equity disposition?
The reported activity consisted of two distinct components: 1,052 shares were withheld by the company to satisfy tax obligations related to the settlement of restricted stock units, while 450 shares were sold on the open market via a Rule 10b5-1 trading plan.How does the current share price relate to recent performance?
The weighted average execution price of $114.32 follows a period of significant appreciation, with the stock delivering a 72% return over the 12 months ending July 20, 2026.What is the insider's remaining stake in the company?
Following the transactions, Lisa Bodensteiner maintains direct ownership of 60,487 shares. Company OverviewMetricValueShare Price (as of market close 2026-07-17)$114.05Market Capitalization$4.5 billionRevenue (TTM)$1.2 billionNet Income (TTM)-$48.1 millionCompany SnapshotSynaptics develops and markets semiconductor product solutions, including AudioSmart for advanced sound and voice processing, ConnectSmart for high-speed multimedia connectivity, and DisplayLink for compressed video transmission, generating revenue across audio, video, and connectivity solutions.The company operates a fabless semiconductor business model, designing specialized chips for consumer electronics and computing devices while leveraging third-party manufacturing partners to optimize capital efficiency and scalability.Synaptics serves original equipment manufacturers and system integrators in the personal computing, mobile, and consumer electronics markets, with primary customers including major laptop, smartphone, and peripheral device manufacturers.Synaptics Incorporated is a global semiconductor solutions provider with approximately $1.2 billion in TTM revenue, specializing in human-machine interface and connectivity technologies. The company has demonstrated significant market momentum, with its stock appreciating 72% over the past year, reflecting investor confidence in its product portfolio and market positioning. Synaptics maintains competitive advantages through its specialized expertise in audio processing, video transmission, and connectivity solutions that enhance user experience across diverse consumer and computing platforms.

What this transaction means for investorsIf you strip out the taxes, Bodensteiner's actual move amounted to 450 shares, about $51,000 worth. The other 1,052 were withheld automatically when her restricted stock settled. A discretionary slice that small, executed under a preset plan against a remaining 60,487 shares, isn’t indicative of a company’s long-term prospects.

Meanwhile, the firm’s latest quarter was strong despite a somewhat sobering outlook from management. Synaptics posted fiscal third-quarter revenue of $294.2 million, up 10%, with its core internet-of-things products growing 31% and non-GAAP earnings per share of $1.09, up 21%. That marked a sixth straight quarter of double-digit growth. But CEO Rahul Patel also warned on the firm’s latest earnings call that "there could be headwinds in the second half of '26" for personal computer markets, and Synaptics still leans heavily on that end market through its enterprise and automotive segment, which made up 57% of revenue. Ultimately, that split defines the setup. The fast-growing IoT piece is roughly a third of sales, while the larger segment carries the PC exposure management flagged. Investors should watch to see how each holds up.

Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool recommends Synaptics. The Motley Fool has a disclosure policy.

ON Semiconductor is acquiring Synaptics in a $7B all-stock deal to enhance product competitiveness and expand its portfolio. ON's total product count will rise by 23.5%, with CPUs and DSPs from SYNA driving an 8.45% increase in addressable market size by 2030. Post-acquisition, ON's 4-year forward average growth rate is projected to improve by 5.23% to 16.68%, mainly through enhanced product offerings rather than revenue synergies.

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Smartphone silicon content is quietly repricing. On-device AI, camera stacks and RF complexity are lifting chip dollars per handset just as the next refresh cycle arrives, and the market has already begun pricing the winners. One name in this basket is up 74.95% year to date. Another is down 19.55% over the past year. That gap is the trade.

1. Synaptics (NASDAQ:SYNA | SYNA Price Prediction): The Surprise Lead Nobody puts Synaptics on a smartphone-chip list first. They should. The company still ships touch controllers, display drivers, and wireless connectivity silicon into handsets, but the real story is the Edge AI pivot that is bleeding straight back into the phone. CEO Rahul Patel is explicit: “We are seeing accelerating activity in Physical AI and Edge AI, with increasing design wins and customer engagements.” That is exactly the content-per-device story that reprices a sleeper.

The fiscal Q3 2026 earnings report backs it up. Revenue hit $294.20 million, an 8.17% beat on non-GAAP EPS of $1.09, and management now expects full-year fiscal 2026 Core IoT revenue to grow more than 40% year over year (YoY) to over $385 million. Analysts have a $145.33 average price target against a current price near $127, with a forward P/E of 23.

If Synaptics is the surprise, the next name is the anchor of the entire on-device AI thesis. It just came off its worst handset quarter of the cycle, which is precisely why it matters.

2. Qualcomm (NASDAQ:QCOM): The Heavyweight Reset Qualcomm is the direct pipe. Snapdragon SoCs, RF and modems sit in the flagship tier of nearly every non-Apple premium phone, and the on-device AI narrative runs through this silicon. The Q2 fiscal 2026 handset report was ugly on purpose: $6.024 billion in handset revenue, down 13% YoY, hammered by memory supply constraints and Chinese OEM softness. That is the setup phase before the thesis takes hold.

Management’s own words matter here. CEO Cristiano Amon said Chinese handset revenues are expected to bottom in Q3 FY26 and return to sequential growth the quarter after. Automotive hit a record $1.326 billion, up 38% YoY, and the company authorized a $20 billion share repurchase program. Three things line up: a handset trough already telegraphed, a diversification cushion, and a buyback the size of a small semi peer.

Shares are up 9.35% year to date (YTD), trading at a forward P/E in the low double digits with a 1.89%-adjacent dividend. But the cleanest content-per-device story on this list sits in a $150 iPhone bill of materials that nobody notices until it grows.

3. Cirrus Logic (NASDAQ:CRUS): The Apple Content Escalator Cirrus Logic is a pure Apple content bet. About 92% of Q4 fiscal 2026 revenue came from a single customer, and that concentration is the feature by design. Every new controller, codec, or power IC that gets designed into an iPhone drops straight to the top line. CEO John Forsyth said the company is “developing next-generation camera controllers and a smart power IC, which represents an exciting new application space for the company.” Translation: more silicon per iPhone in the next cycle.

The numbers are already reflecting it. Q4 FY26 delivered a 59.84% EPS beat at $1.95, full-year free cash flow surged to $635.76 million (up 52.97%) and Q1 FY27 guidance of $430 million to $490 million implies roughly 13% YoY growth at the midpoint. The stock is up 25.65% YTD and trades at a forward P/E of 15 against an analyst target of $184.25.

July 16 is the Final Day to Tap Into the Lithium Boom (sponsor)
General Motors, POSCO, and 50,000+ everyday investors have already backed lithium producer EnergyX.

Here's why you should do the same before their July 16 investment deadline: lithium prices are up 75% this year, with demand projected to grow a staggering 5X by 2040.

With tech that can recover up to 3X more lithium than traditional methods, EnergyX is preparing to unlock up to 15M+ tons. Become a private-stage EnergyX investor before the July 16 deadline.

Apple content is the escalator. The next name is the elevator: same building, faster ride and every quarter the margin numbers get louder.

4. Qorvo (NASDAQ:QRVO): RF Front-End Leverage Qorvo is the RF front-end play in its most concentrated form. Every 5G/6G-capable handset needs more filters, more amplifiers, more tuning, and Qorvo’s silicon is embedded across flagship stacks. The pending merger with Skyworks has forced management to suspend guidance calls, but the standalone margin data is doing the talking.

Fiscal Q4 2026 non-GAAP gross margin expanded 670 basis points year over year to 52.6%, EPS beat consensus by 39.48% at $1.69, and management still expects fiscal 2027 non-GAAP diluted EPS approaching $7.00. CEO Bob Bruggeworth framed it plainly: “For full-year fiscal 2027, we continue to expect non-GAAP gross margin above 50% and non-GAAP diluted earnings per share approaching $7.00.”

Shares trade near $86 against a forward P/E of 13, essentially flat YTD at -0.53%. Analysts sit at $91.46 with the crowd still cautious. That is exactly the setup investors want heading into the payoff slot, because the other side of this merger has the punchline nobody is pricing.

5. Skyworks Solutions (NASDAQ:SWKS): The Payoff Skyworks is the beaten-down contrarian. Shares are down 6.24% YTD, 22.29% over the past year and 68.15% over five years, and the entire Street knows the Apple concentration story. What the Street is still underwriting is the landmark. A multi-generational design win with a leading Android OEM is expected to generate over $1.00 billion in revenue through 2030, directly attacking the customer concentration that has anchored the discount. That is the punchline.

The Q2 fiscal 2026 earnings report already shows the turn: revenue of $943.70 million beat consensus by 4.65%, non-GAAP EPS of $1.15 beat by 10.10%, and Broad Markets is expected to hit roughly 43% of Q3 sales on double-digit growth. CEO Phil Brace said “Mobile outperformed expectations on healthy demand, while Broad Markets continues to accelerate, delivering double-digit year-over-year growth driven by Wi-Fi, data center, and automotive.”

Shares trade near $60 with a forward P/E of 11 and a 4.70% dividend yield. With the pending Qorvo merger already at 81% shareholder approval, the setup combines a stated $1B Android revenue ramp, a broad markets acceleration, and a combined RF footprint the market has yet to price coherently. That is the highest-torque handset chip trade in this basket.

The Setup The upgrade cycle works as a content-per-device escalator that pays across five different silicon layers: Edge AI (SYNA), on-device compute and modem (QCOM), audio and power (CRUS), RF front-end (QRVO) and the combined RF platform after the Skyworks-Qorvo close (SWKS). One name is already up 74.95% YTD. Two are still trading below their 200-day moving averages. The gap closes when the refresh volume shows up in the September and December earnings reports.

Meet America's Newest $1b Unicorn (Sponsor) A US startup just passed a $1 billion private valuation, joining billion-dollar private companies like OpenAI and ByteDance. Unlike those other unicorns, you can invest in EnergyX right now; but only until July 16.

Over 50,000 people already have, along with global giants like General Motors and POSCO.

Here's why there's so much interest: EnergyX's patented tech can recover up to 3X more lithium than traditional methods. That's a big deal, as demand for lithium is expected to 5X current production levels by 2040. Become an early-stage EnergyX shareholder before the 7/16 investment deadline.

Contact [email protected] for any questions or corrections.

Synaptics (SYNA) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

onsemi (ON) will acquire Synaptics (SYNA) in a $7B all-equity deal, aiming to expand into industrial robotics and automation. The acquisition is expected to be highly accretive, with $200M in cost synergies and a 2% EBITDA margin improvement projected with an expected close in eFY27. Both ON and SYNA are rated Buy with a $128/share target for ON, reflecting strong growth prospects despite near-term dilution-driven share price declines.

4:15pm: Back in the red Stocks once again reversed course to finish the day in negative territory. The Nasdaq was down 0.2% at 25,297 points while the S&P 500 and Dow Jones both slipped 0.1% to 51,876 points and 7,354 points, respectively.

3:30pm: Proactive news headlines American Resources Corp (NASDAQ:AREC) (American Resources Corp (NASDAQ:AREC)) announced that it is expected to be added to the Russell 3000 Index and the Russell Microcap Index as part of FTSE Russell's annual 2026 index reconstitution. Gunnison Copper Corp (TSX:GCU, OTCQB:GCUMF) (Gunnison Copper Corp (TSX:GCU, OTCQB:GCUMF), Gunnison Copper Corp (TSX:GCU, OTCQB:GCUMF), FRA:3XS0) announced that it has appointed Bjorn Meyer as chief operating officer, bolstering its leadership team as the company advances production at the Johnson Camp Mine and development of the Gunnison Copper Project in Arizona. HIVE Digital Technologies Ltd (TSX:HIVE, NASDAQ:HIVE, BVC:HIVECO) (HIVE Digital Technologies Ltd (TSX:HIVE, NASDAQ:HIVE, BVC:HIVECO), HIVE Digital Technologies Ltd (TSX:HIVE, NASDAQ:HIVE, BVC:HIVECO), FRA:YO0, HIVE Digital Technologies Ltd (TSX:HIVE, NASDAQ:HIVE, BVC:HIVECO)) has announced the pricing of an upsized private offering of $115 million in zero-coupon exchangeable senior notes due 2031, increasing the size of the deal from the previously announced $100 million. 2:30pm: Market movers Lululemon Athletica Inc (NASDAQ:LULU) (Lululemon Athletica Inc (NASDAQ:LULU)) shares rose more than 3% after shareholders approved three management-backed directors at the company’s June 25 annual general meeting, helping resolve a prolonged proxy dispute with founder Chip Wilson. Triller Group (NASDAQ:ILLR) shares surged on Thursday after the company announced a deal that will give it significant exposure to SpaceX Corp (NASDAQ:SPCX) (SpaceX Corp (NASDAQ:SPCX)) through a new treasury investment structure. Eli Lilly and Co (NYSE:LLY) (Eli Lilly and Co (NYSE:LLY)) shares climbed nearly 6% on Friday after the European Medicines Agency's Committee for Medicinal Products for Human Use (CHMP) recommended approval of Jaypirca (pirtobrutinib) for adults with chronic lymphocytic leukemia (CLL) across all lines of therapy. Onsemi (NASDAQ:ON) (Onsemi (NASDAQ:ON)) shares fell about 19% on Thursday after the semiconductor company announced an agreement to acquire Synaptics (NASDAQ: SYNA) in an all-stock transaction valued at approximately $7 billion. 12:37pm: Onsemi (NASDAQ:ON) slides  Onsemi (NASDAQ:ON) (Onsemi (NASDAQ:ON)) shares fell about 19% on Thursday after the semiconductor company announced an agreement to acquire Synaptics (NASDAQ: SYNA) in an all-stock transaction valued at approximately $7 billion.

Shares of Synaptics added about 3% to about $130 on the news.

Under the terms of the deal, Synaptics shareholders will receive 1.35 shares of Onsemi (NASDAQ:ON) (Onsemi (NASDAQ:ON)) common stock for each Synaptics share they own, representing an approximately 19% premium to the companies' respective 10-day volume-weighted average closing prices.

Synaptics shareholders are expected to own about 12% of the combined company on a fully diluted basis following the transaction.

Onsemi (NASDAQ:ON) said the acquisition would expand its focus beyond power and sensing technologies into intelligent systems and edge artificial intelligence applications. The company expects the combination to increase its total addressable market by $30 billion to $243 billion by 2030 and strengthen its position in what it describes as "Physical AI" applications, including autonomous vehicles, robotics and augmented and virtual reality.

11:30am: Stocks bounce back Dip buyers have made their move, sending US stocks higher after a wave of selling. The Dow was up 0.3%, the S&P 500 added 0.2% and the Nasdaq was up 0.1%.

“The recovery is a testament to the staying power of this rally, but holding on to gains has proved problematic throughout the week,” IG chief market analyst Chris Beauchamp said.

“Fortunately the sessions before US Independence Day tend to give bulls the upper hand, potentially shifting the tone next week.”

Meanwhile, oil prices fell back to multi-month lows. Crude prices fell more than 4.5% to below $69 per barrel.

“Dips in stocks get bought, while bounces in oil get sold, and heavily so. Both WTI and Brent teeter on the brink of new multi-month lows as Hormuz shipping continues without much interruption,” Beauchamp said.

10:05am: Tech under pressure US stocks started Friday’s session lower as investors pulled back from tech stocks following the news that OpenAI would delay its IPO until next year.

The Nasdaq was down 0.2% at 25,306 points, the Dow Jones was down 0.1% at 51,880 points, S&P 500 was flat at 7,357 points.

“A rotation is going on in US stocks right now, the weakest performing companies on the S&P 500 include those most closely linked to AI, including Palantir and Oracle, which are down 18% and 16% respectively this week,” said Kathleen Brooks, research director at XTB.

“There are also chunky losses for some of the Magnificent 7, including Microsoft, Alphabet, Apple and Nvidia. The move away from tech heavy AI names is allowing value stocks to shine.”

8:15am: Difficult session in sight US stocks are set for another difficult session on Friday, with the Nasdaq on course for a fifth straight day of losses as investors continue to rotate out of technology shares ahead of the quarter-end.

Nasdaq futures were down 1.2% ahead of the opening bell, while S&P 500 and Dow Jones futures fell 0.5% and 0.1%.

It comes after a mixed session yesterday, as a 6% drop in Apple shares weighed on the Nasdaq, which partially recovered from steep early losses to finish the day down 0.5% at 25,358 points, a collapse of over 1,000 points or 4.1% over the first four days of the week.

The S&P 500 closed almost completely flat at just under 7,358 points, while the Dow Jones added 0.1% at a little under 51,921 points.

This was followed by a bruising overnight session in Asia, where South Korea's Kospi tumbled 5.8% and Japan's Nikkei fell 4.2% as semiconductor and technology stocks sold off sharply.

European markets are also lower, with the technology rout spreading across the region.

The selloff comes despite strong results from memory chipmaker Micron earlier this week

"Concerns are growing over AI-related capital expenditure and just where all the money required for it is going to come from," said market analyst David Morrison at Trade Nation.

"It is becoming clear that even the largest tech behemoths can no longer fund AI development out of their operating cash flow."

Apple dropped 6% on Thursday after warning that higher memory costs would force it to raise prices, while Microsoft fell almost 4% after increasing Xbox prices because of rising component costs.

As we stand just three trading days from the end of the second quarter, Kenny Polcari at Slatestone Wealth said, "this is not what the beginning of a bear market looks like. This is what sector rotation looks like", arguing that investors are taking profits in the biggest winners and reallocating money into industrials, healthcare and other overlooked sectors.

With the equal-weight S&P rising while the main weighted index struggled, Polcari added: "The generals took a hit... the troops kept marching."

Investors were also digesting the latest US inflation data. Core PCE, the Federal Reserve's preferred inflation gauge, rose to its highest level since October 2023, reinforcing expectations that interest rates could remain higher for longer.

Bitcoin staged a modest recovery above $60,000 after briefly falling below $59,000 on Thursday, while oil prices remained volatile amid renewed tensions in the Middle East and uncertainty surrounding OPEC+ production plans.

Investors in ON Semiconductor (ON 23.66%), or onsemi, went to sleep last night thinking they were holding a power and sensing chip company whose core automotive and industrial end markets were inflecting, while its AI data center revenue was booming and becoming significant for the company.

However, they woke up facing the prospect of becoming a technically integrated provider of power, sensing, and now connected computing, following the announcement of an agreement to buy Synaptics (SYNA 3.68%). Unfortunately, the initial reaction to the deal isn't positive, and onsemi has declined by more than 23% by 1 pm today.

What the deal means to ON Semiconductor investors The all-stock transaction (1.35 shares of onsemi for every share of Synaptics) values the latter at $7 billion and "represents an approximately 19% premium to the volume weighted average closing prices of onsemi and Synaptics over the last 10 trading days," according to the press release.

Clearly, it's a deal based on the idea of technically integrating onsemi's power and sensing technology with Synaptics' connected computing solutions. Purely by way of example, this could involve integrating onsemi's power management and sensing technology into an electric vehicle, with Synaptics' edge AI processing to run inference models and make real-time decisions. Meanwhile, Synaptics control systems (the company is most famous for its touchpads) and wireless connectivity enhance the driver experience.

Image source: Getty Images.

Why the stock is declining Aside from investor concerns about the dilutive impact of the deal on onsemi and its price, there are probably two other concerns. First, while the two companies have end markets in common, such as automotive and industrial, Synaptics has significant exposure to mobile and consumer products, which onsemi does not.

Second, the deal marks a transformational change in onsemi's business, which carries execution risk and may take some time for investors to digest.

That said, the deal makes perfect sense in a world moving toward edge AI inference, and onsemi's management is trying to maximize the value it can obtain from it. As such, don't be surprised if the stock bounces from here as more details emerge.

Lee Samaha has no position in any of the stocks mentioned. The Motley Fool recommends ON Semiconductor and Synaptics. The Motley Fool has a disclosure policy.

ON Semi will acquire Synaptics in an all-stock transaction, representing a total enterprise value of approximately $7 billion.

The companies stated the combination would expand ON Semi’s capabilities across AI infrastructure and extend into edge-based applications.

Synaptics shares jumped 4.5% to $131.17 in pre-market trading.

These analysts made changes to their price targets on Synaptics following earnings announcement.

Susquehanna analyst Christopher Rolland downgraded the stock from Positive to Neutral and raised the price target from $125 to $140. Rosenblatt analyst Kevin Cassidy downgraded the stock from Buy to Neutral and lowered the price target from $180 to $160. Needham analyst Neil Young downgraded the stock from Buy to Hold. Considering buying SYNA stock? Here’s what analysts think:

Photo via Shutterstock

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

To add Benzinga News as your preferred source on Google, click here.

Information in Investor’s Business Daily is for informational and educational purposes only and should not be construed as an offer, recommendation, solicitation, or rating to buy or sell securities. The information has been obtained from sources we believe to be reliable, but we make no guarantee as to its accuracy, timeliness, or suitability, including with respect to information that appears in closed captioning. Historical investment performances are no indication or guarantee of future success or performance. Authors/presenters may own the stocks they discuss. We make no representations or warranties regarding the advisability of investing in any particular securities or utilizing any specific investment strategies. Information is subject to change without notice. For information on use of our services, please see our Terms of Use.

*Real-time prices by Nasdaq Last Sale. Real-time quote and/or trade prices are not sourced from all markets. Ownership data provided by LSEG and Estimate data provided by FactSet.

IBD, IBD Digital, IBD Live, IBD Weekly, Investor's Business Daily, Leaderboard, MarketDiem, MarketSurge and other marks are trademarks owned by Investor's Business Daily, LLC.

©2026 Investor’s Business Daily, LLC. All Rights Reserved.

ON Semiconductor shares plunged about 21% on Friday after the chipmaker announced a $7 billion acquisition of Synaptics, a deal aimed at strengthening its position in the emerging market for physical artificial intelligence.

The sharp decline suggests investors remain cautious about the benefits and integration risks of the transaction despite management and several analysts describing it as strategically sound.

The semiconductor company said on Thursday that it had agreed to acquire Synaptics in an all-stock transaction.

Under the terms of the agreement, ON Semiconductor will issue 1.35 of its shares for each Synaptics share, representing a premium of roughly 19% to the companies' volume-weighted average prices over the previous 10 trading sessions.

The acquisition is designed to accelerate ON Semiconductor's expansion into physical AI, a segment that focuses on embedding artificial intelligence into devices and machines that interact with the real world.

The company said Synaptics' artificial intelligence computing platform, human-machine interface technologies and connectivity solutions would complement its strengths in automotive, industrial and power semiconductors.

"This shift towards Physical AI will require Power, Sense, Connected Compute and Control to work together seamlessly," ON Semiconductor Chief Executive Hassane El-Khoury said.

"The addition of Synaptics helps position onsemi at the intersection of these four pillars, enabling us to capture a significantly larger AI opportunity that extends beyond AI data center and into edge applications."

Speaking to Reuters, El-Khoury said Synaptics' connected computing platform would help the company address rising demand for increasingly sophisticated AI applications deployed outside data centres.

The company expects the transaction to generate approximately $200 million in annual synergies and become accretive to adjusted earnings per share within 18 months after closing.

Despite acknowledging the strategic rationale, analysts were divided on whether the acquisition would materially improve ON Semiconductor's financial outlook in the near term.

Jefferies analysts said the transaction makes strategic sense because it diversifies the company's business and gives it exposure to leading-edge physical AI technologies.

However, they cautioned that the deal is not structured to deliver an immediate earnings boost.

"We would frame the impact as incrementally positive rather than transformative," the analysts said.

They also noted that the acquisition increases ON Semiconductor's exposure to robotics and connected devices but shifts its product portfolio further toward consumer technology, a market that typically commands lower valuation multiples.

Wall Street firms offered mixed assessments following the announcement.

Mizuho reiterated an Outperform rating and maintained a price target of $150 on the stock.

Needham also remained optimistic, raising its price target to $130 from $110 while maintaining a Buy rating.

By contrast, TD Cowen downgraded the shares to Hold, citing concerns that the acquisition adds complexity to ON Semiconductor's earnings model.

Cantor Fitzgerald reiterated a Neutral rating and a $100 price target.

The brokerage said the deal expands ON Semiconductor's portfolio by adding AI-native computing, connectivity and sensor technologies, capabilities that are likely to become increasingly important as customers demand integrated system-level solutions.

The brokerage said positioning the business ahead of expected physical AI demand makes strategic sense over the long term, but questioned the timing and scale of potential revenue synergies.

While management has expressed confidence that meaningful revenue opportunities will emerge from the transaction, investors appear to be waiting for clearer evidence that the acquisition can translate into sustained earnings growth.

For now, the market's reaction suggests that investors are prioritising execution risks and integration challenges over the longer-term promise of physical AI.

Futures are pointing to a lower open for major indexes as chip and memory stocks come under renewed selling pressure; Apple shares are up slightly after a sell-off yesterday fueled by news the company had raised prices on several products amid a surge in memory costs; SpaceX shares are losing ground ahead of the bell after closing at a post-IPO low on Thursday; On Semiconductor shares are down sharply after the company announced a deal to buy fellow chipmaker Synaptics, whose stock is surging; and bitcoin remains under $60,000, trading at its lowest levels since late 2024. Here's what you need to know today.

Stocks Point Lower as Tech Slump Continues Stock futures are lower ahead of the week's final trading session as tech shares appear poised for another volatile day. Futures tied to the tech-focused Nasdaq were down 1.1% recently, while futures linked to the S&P 500 and the Dow Jones Industrial Average fell 0.4% and 0.1%, respectively. Weakness in chip and memory stocks is leading the move lower this morning: the iShares Semiconductor ETF (SOXX) was down more than 3% recently, while the Roundhill Memory ETF (DRAM) dropped 5%. The S&P 500 and Nasdaq are down 1.9% and 4.4%, respectively, so far this week, putting them on track to snap two-week winning streaks. The Dow has gained 0.7% so far this week and looks set to extend its winning streak to three weeks.

WTI crude oil futures were down 3% this morning to just under $70 per barrel as investors keep tabs on how smoothly shipments are moving through the Strait of Hormuz. Gold futures were up 0.5% at $4,070 an ounce, after dipping below $4,000 for the first time since November earlier this week owing to concerns the Fed could hike interest rates. Bitcoin was at $59,500, trading at its lowest levels since late 2024 (more on that below). The yield on the 10-year Treasury note, which affects interest rates on consumer loans, held steady at 4.40%.

Apple Stock Inches Higher After Sell-Off Apple (AAPL) shares are rising in premarket trading, as the stock looks to recover from yesterday's 6% drop, its worst one-day performance in more than a year. Shares tumbled yesterday after Apple unveiled price increases for several iPad and MacBook models as the company responds to the impact of soaring memory costs. Thursday's market action underscored the multifaceted impact of booming AI demand on companies, investors and consumers. Micron (MU) stock surged yesterday after the memory chip maker reported earnings that blew past Wall Street expectations, as demand for its critical hardware has soared. Meanwhile, rising prices for key AI components are leading to higher prices for products from the likes of Apple and Microsoft (MSFT), which announced its own price increases for Xbox consoles Thursday. Apple stock was up less than 1% in recent premarket trading, while shares of Microsoft were up 1.5% after falling more than 3% yesterday.

SpaceX Stock Remains Under Pressure After Hitting New Closing Low SpaceX (SPCX) shares are losing ground again this morning, trading around their lowest levels since their debut two weeks ago. For the second day in a row on Thursday, the stock hit a post-IPO closing low. Shares of Elon Musk's rocket, connectivity and AI company were down 1% at around $152 in recent premarket trading, just above the $150 price the stock started trading at on June 12. SpaceX has been added to index funds in recent days and interest from retail investors has stayed strong, but the stock has lost about a third of its value since hitting a record high above $225 early last week. With the recent share-price decline, Musk has lost his status as the world's first trillionaire.

On Semiconductor Agrees to Buy Synaptics In $7B Deal On Semiconductor (ON) shares are slumping after the company announced an all-stock deal to acquire Synaptics (SYNA). Onsemi said the deal, which is expected to close by the middle of next year, would give Synaptics shareholders 1.35 shares of its company for each share of Synaptics they own, valuing the company at about $7 billion.1 Onsemi said the deal would grow its portfolio to include chips designed for physical AI uses like robotics and self-driving cars, in addition to its current lineup of data center-focused chips. Onsemi shares were down 13% ahead of the opening bell, while Synaptics shares gained 5%.

Bitcoin Extends Slump, Remains Below $60,000 Bitcoin remains under pressure this morning, trading at levels not seen since late 2024, as investors steer clear of risky assets. The cryptocurrency was at $59,500 recently, less than half the record high of around $124,000 reached last October. Bitcoin hit a low of $58,000 yesterday for the first time since before the election of President Trump spurred optimism among crypto enthusiasts. The recent slump is also weighing on several bitcoin-related stocks, most notably Strategy (MSTR), the largest single corporate holder of bitcoin. Strategy shares were down 1% in premarket trading after plunging 9% yesterday to their lowest level in more than two years. The stock is down 80% from its record high set last July.

Shareholder Alert: Ademi LLP investigates whether Synaptics Incorporated is obtaining a Fair Price for Public Shareholders PR N

ON Semiconductor said Synaptics's AI compute platform, human-machine interface technology, and connectivity solutions would help it meet demand for increasingly capable AI solutions that can interact with the physical world.

watch now

On Semiconductor has agreed to buy Synaptics in a nearly $7 billion all-stock deal to bolster its push into physical artificial intelligence technology.

The Arizona-based company said the deal will give its total addressable market a $30 billion boost to $243 billion by 2030 and strengthen its intelligence systems portfolio. It's also the company's largest deal to date.

Shares of On Semi fell about 6% after the bell, while Synaptics rallied about 13%.

"This transaction would add immediate connected compute capabilities, expand our software and ecosystem reach and position onsemi to deliver greater value as customers increasingly seek intelligent systems," said On Semiconductor CEO Hassane El-Khoury.

Technology companies are hitting acquisition mode as they race to strengthen their AI capabilities.

Qualcomm this week snapped up infrastructure startup Modular to beef up its software capabilities. This month, Salesforce said it will buy AI customer service platform Fin for about $3.6 billion.

The On Semi-Synaptics deal is expected to close in the middle of 2027. As part of the acquistion Synaptics shareholders will receive 1.350 shares of On Semiconductor's common stock per share held.

On Semi will also add a Synaptics board member.

On Semiconductor is a major producer of silicon carbide and is widely known for its power and sensing solutions for the automotive and electric vehicle industries.

Tune in at 9:45 a.m. ET on Friday as On Semi CEO Hassane El-Khoury joins CNBC TV to discuss the deal. Watch in real time on CNBC+ or the CNBC Pro stream.

Read more CNBC tech newsAmazon's Zoox unveils redesigned robotaxi ahead of upcoming expansionOpenAI unveils first chip as part of Broadcom deal in effort to 'build the full stack'South Korean chipmaker SK Hynix plans to raise $29 billion via Nasdaq listing as soon as July 10Alphabet added to Dow Jones Industrial Average, replacing Verizon

Accelerates onsemi’s evolution, building on its strength in power and sensing to become a leading provider of intelligent systems — expanding from AI data centers into Physical AIIncreases onsemi’s total addressable market by $30 billion to $243 billion by 2030Positions onsemi at the intersection of Power, Sense, Connected Compute and Control — the four pillars of Physical AI — which enable machines to sense, decide, act and adapt in the physical worldWould combine complementary portfolios to drive significant customer value and deepen customer engagements SCOTTSDALE, Ariz. & SAN JOSE, Calif., June 25, 2026 (GLOBE NEWSWIRE) -- onsemi (Nasdaq: ON) and Synaptics Incorporated (Nasdaq: SYNA) today announced they have entered into a definitive agreement under which onsemi has agreed to acquire Synaptics in an all-stock transaction, representing a total enterprise value of approximately $7 billion. The transaction value reflects a fixed exchange ratio of 1.350 shares of onsemi common stock for each Synaptics share and represents an approximately 19% premium to the volume weighted average closing prices of onsemi and Synaptics over the last 10 trading days.

The combination would accelerate onsemi’s evolution toward global leadership in intelligent systems. By adding Synaptics’ differentiated Edge AI compute franchise and strong portfolio of human-machine interface and wireless connectivity solutions, onsemi is expected to extend its capabilities beyond power and sensing to intelligent systems, delivering greater value to a broad range of end markets. Building on onsemi’s expertise in automotive, industrial and AI data center, the combined platform is intended to position onsemi at the center of Physical AI, with the potential to expand onsemi’s TAM by $30 billion to $243 billion by 2030.

“As artificial intelligence moves beyond the cloud and into the physical world, including automotive and industrial, the next phase of innovation will depend on systems that can sense, decide, act and adapt in real time,” said Hassane El-Khoury, President and CEO of onsemi. “This shift towards Physical AI will require Power, Sense, Connected Compute and Control to work together seamlessly. The addition of Synaptics helps position onsemi at the intersection of these four pillars, enabling us to capture a significantly larger AI opportunity that extends beyond AI data center and into edge applications. This transaction would add immediate connected compute capabilities, expand our software and ecosystem reach and position onsemi to deliver greater value as customers increasingly seek intelligent systems.”

“Today’s announcement marks an important step in accelerating Synaptics’ growth and leadership in Edge AI and Physical AI,” said Rahul Patel, Synaptics President and CEO. “Together with onsemi, we will combine Synaptics’ strengths in AI-native compute, connectivity, and human-machine interface with onsemi’s leadership in intelligent power and sensing to offer customers integrated solutions and development platforms across every layer of the Edge AI stack, deepening customer engagement and expanding across a greater total addressable market. The all-stock structure allows our shareholders to participate in the compelling growth and value creation opportunities ahead, and I look forward to working with the onsemi leadership team to help realize the full value of this combination.”

Compelling Strategic and Financial Rationale

The combination is expected to deliver substantial value:

Enables capabilities from AI Infrastructure to Physical AI: onsemi is already well-positioned across the AI infrastructure ecosystem, from the energy grid to the data center core. This transaction is expected to extend that reach to the intelligent edge, enabling onsemi to address additional end markets while enhancing its capabilities to become a provider of integrated, system-level solutions across Power, Sense, Connected Compute and Control. This compelling combination would enable systems that can sense, decide, act and adapt in real time across Physical AI applications, including autonomous driving, robotics, and AR/VR.
Adds a proven, scalable Edge AI connected compute platform to onsemi: Synaptics’ Astra platform combines purpose-built AI processors and NPUs for multimodal intelligence with an industry-leading wireless connectivity portfolio spanning Wi-Fi, Bluetooth and GPS and a full open-source software stack for rapid deployment.
Complementary portfolios designed to unlock significant revenue growth with scale: The combination of two highly complementary portfolios would allow onsemi to accelerate its innovation and product roadmap to capture higher dollar content per platform while fostering deeper long-term customer engagement. This is anticipated to increase onsemi’s exposure to higher-value, differentiated system solutions with embedded IP and software, supporting improved mix, margin expansion and durable growth.
Attractive financial profile: The transaction is expected to be accretive to non-GAAP EPS within 18 months of closing, with an expected $200 million in annual synergies and gross margins consistent with onsemi’s long-term financial model. onsemi remains committed to maintaining its existing capital return policy during the pendency period.
Transaction Details

Under the terms of the agreement, which has been unanimously approved by the Boards of Directors of both companies, Synaptics stockholders will receive 1.350 shares of onsemi common stock for each share of Synaptics common stock held at the time of closing, implying pro forma ownership of approximately 12% for Synaptics stockholders on a fully diluted basis.

As part of the transaction, one member of the Synaptics Board of Directors is expected to join onsemi’s Board of Directors.

The transaction is expected to close in mid-2027, subject to approval by Synaptics stockholders, the receipt of required regulatory approvals and other customary conditions.

onsemi and Synaptics Reiterate Previously Provided Financial Outlooks

As part of today’s announcement, onsemi is reiterating its financial outlook for the second fiscal quarter of 2026 provided on May 4, 2026. Synaptics is reiterating its financial outlook for the fiscal fourth quarter of 2026 provided on May 7, 2026.

Conference Call and Webcast Information

onsemi will host a conference call for the financial community at 5:00 p.m. Eastern Daylight Time (EDT) on June 25, 2026, to discuss the transaction announcement. A live webcast and related presentation materials will be available on onsemi’s IR site at http://www.onsemi.com. The webcast replay and presentation will be available following the call. Investors and interested parties can also access the conference call by pre-registering here.

Advisors

Morgan Stanley served as lead financial advisor to onsemi. J.P. Morgan Securities LLC also served as a financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP served as legal counsel to onsemi. Qatalyst Partners acted as exclusive financial advisor and Baker McKenzie served as legal counsel to Synaptics.

About onsemi

onsemi (Nasdaq: ON) delivers intelligent power and sensing technologies that enable electrification, energy efficiency, safety, and automation across automotive, industrial, and AI data center end-markets. With a highly differentiated and innovative product portfolio, onsemi helps customers solve complex challenges to achieve higher efficiency, improved performance, and lower system cost, while supporting a safer, cleaner, and more energy‑efficient world. The company is part of the S&P 500® index. Learn more at www.onsemi.com.

About Synaptics Incorporated

Synaptics (Nasdaq: SYNA) is driving innovation in AI at the Edge, bringing AI closer to end users and transforming how we engage with intelligent connected devices, whether at home, at work, or on the move. As a go-to partner for forward-thinking product innovators, Synaptics powers the future with its cutting-edge Synaptics Astra™ AI-Native embedded compute, wireless connectivity, and multimodal sensing solutions. We’re making the digital experience smarter, faster, more intuitive, secure, and seamless. From touch, display, and biometrics to AI-driven wireless connectivity, video, vision, audio, speech, and security processing, Synaptics is a force behind the next generation of technology enhancing how we live, work, and play.

Contact Information

onsemi

Parag Agarwal
Vice President - Investor Relations & Corporate Development
onsemi
(602) 244-3437
[email protected]

Krystal Heaton
Director, Head of Public Relations
onsemi
(480) 242-6943
[email protected] 

Synaptics

Munjal Shah
Vice President – Investor Relations
Synaptics
(408) 518-7639
[email protected]

Neeta Shenoy
Vice President, Marketing
Synaptics
(408) 518-7826
[email protected] 

Cautionary Note Regarding Forward-Looking Statements

This communication relates to a proposed business combination transaction between Synaptics Incorporated and ON Semiconductor Corporation. This communication includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on Synaptics’ and onsemi’s current expectations, estimates and projections about the expected date of closing of the proposed transaction and the potential benefits thereof, their respective businesses and industries, management’s beliefs and certain assumptions made by Synaptics and onsemi, all of which are subject to change. Some of these forward-looking statements can be identified by the use of forward-looking words such as “believes,” “expects,” “may,” “will,” “should,” “seeks,” “approximately,” “intends,” “plans,” “estimates,” “projects,” “strategy,” or “anticipates,” or the negative of those words or other comparable terminology that convey uncertainty of future events or outcomes.

These forward-looking statements involve known and unknown risks and uncertainties, which may cause Synaptics’ or onsemi’s actual results and performance to be materially different from those expressed or implied in the forward-looking statements. Factors and risks that may impact future results and performance include, but are not limited to, the following factors: (1) the risk that the conditions to the closing of the transaction are not satisfied, including the risk that required approvals from regulators or the stockholders of Synaptics for the transaction are not obtained; (2) litigation relating to the transaction; (3) uncertainties as to the timing of the consummation of the transaction and the ability of each party to consummate the transaction; (4) risks that the proposed transaction disrupts the current plans and operations of Synaptics or onsemi, including restrictions during the pendency of the transaction that may impact the ability to pursue certain business opportunities or strategic transactions; (5) the ability of Synaptics and onsemi to retain and hire key personnel; (6) competitive responses to the proposed transaction; (7) unexpected costs, charges or expenses resulting from the transaction; (8) potential adverse reactions or changes to business relationships resulting from the announcement or completion of the transaction; (9) the combined companies’ ability to achieve the growth prospects and synergies expected from the transaction, as well as delays, challenges and expenses associated with integrating the combined companies’ existing businesses; (10) uncertainty as to the long-term value of onsemi’s common stock; (11) legislative, regulatory and economic developments; and (12) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism or outbreak of war or hostilities, as well as Synaptics’ and onsemi’s response to any of the aforementioned factors. These risks, as well as other risks associated with the proposed transaction, will be more fully discussed in the proxy statement/prospectus that will be included in the Registration Statement on Form S-4 that will be filed with the SEC in connection with the proposed transaction. While the list of factors presented here is considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements.

In addition, actual results are subject to other risks and uncertainties that relate more broadly to Synaptics’ overall business, including those more fully described in Synaptics’ filings with the Securities and Exchange Commission (“SEC”) including its annual report on Form 10-K for the fiscal year ended June 28, 2025, and its quarterly reports filed on Form 10-Q for the current fiscal year, and onsemi’s overall business and financial condition, including those more fully described in onsemi’s filings with the SEC including its annual report on Form 10-K for the fiscal year ended December 31, 2025, and its quarterly reports filed on Form 10-Q for its current fiscal year. Forward-looking statements are not guarantees of performance, and speak only as of the date made, and neither Synaptics nor its management undertakes any obligation to update or revise any forward-looking statements.

No Offer or Solicitation

This communication is for informational purposes only and does not constitute, or form a part of, an offer to buy or sell or the solicitation of an offer to buy or sell any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

Important Additional Information about the Transaction and Where To Find It

The proposed transaction will be submitted to the stockholders of Synaptics for their consideration. In connection with the proposed transaction, onsemi will file with the SEC a Registration Statement on Form S-4 that will include a proxy statement of Synaptics and that also constitutes a prospectus of onsemi. Each of Synaptics and onsemi will provide the proxy statement/prospectus to Synaptics stockholders. Synaptics and onsemi also plan to file other documents with the SEC regarding the proposed transaction. This document is not a substitute for any prospectus, proxy statement or any other document which Synaptics or onsemi may file with the SEC in connection with the proposed transaction. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. You may obtain copies of all documents filed with the SEC regarding this transaction, free of charge, at the SEC’s website (www.sec.gov). In addition, investors and stockholders will be able to obtain free copies of the proxy statement/prospectus and other documents filed with the SEC by the parties on Synaptics Investor Relations at https://investor.synaptics.com/ (for documents filed with the SEC by Synaptics) or onsemi Investor Relations at https://investor.onsemi.com/ (for documents filed with the SEC by onsemi).

Participants in the Solicitation

Synaptics, onsemi, and certain of their respective directors, executive officers and other members of management and employees, under SEC rules may be deemed to be participants in the solicitation of proxies from Synaptics stockholders in connection with the proposed transaction. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of Synaptics stockholders in connection with the proposed transaction, and a description of their direct and indirect interests, by security holdings or otherwise, will be set forth in the proxy statement/prospectus when it is filed with the SEC. You can find more detailed information about Synaptics’ executive officers and directors under the headings “Proposal 1 – Election of Directors,” “Director Compensation,” “Compensation Discussion and Analysis,” “Named Executive Officer Compensation Tables,” “CEO Pay Ratio Disclosure,” “Pay Versus Performance Disclosure” and “Beneficial Ownership of Certain Stockholders” in its definitive proxy statement filed with the SEC on September 16, 2025. To the extent holdings of Synaptics common stock by the directors and executive officers of Synaptics have changed from the amounts of Synaptics common stock held by such persons as reflected therein, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC, which are available at https://www.sec.gov/edgar/browse/?CIK=817720&owner=exclude under the tab “Ownership Disclosures”. You can find more detailed information about onsemi’s executive officers and directors under the headings “The Board of Directors and Corporate Governance,” “Compensation of Executive Officers” and “Stock Ownership” in its definitive proxy statement filed with the SEC on April 2, 2026. To the extent holdings of onsemi common stock by the directors and executive officers of onsemi have changed from the amounts of onsemi common stock held by such persons as reflected therein, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC, which are available at https://www.sec.gov/edgar/browse/?CIK=1097864&owner=exclude under the tab “Ownership Disclosures”. Additional information about Synaptics’ executive officers and directors and onsemi’s executive officers and directors can be found in the above-referenced Registration Statement on Form S-4 when it becomes available.

Posted by Defense World Staff on Apr 7th, 2026

Credo Technology Group Holding Ltd. (NASDAQ:CRDO – Get Free Report) CFO Daniel Fleming sold 2,460 shares of the business’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $101.45, for a total transaction of $249,567.00. Following the sale, the chief financial officer directly owned 443,718 shares in the company, valued at approximately $45,015,191.10. The trade was a 0.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Credo Technology Group Stock Performance NASDAQ CRDO opened at $102.46 on Tuesday. The firm’s fifty day moving average price is $112.69 and its two-hundred day moving average price is $138.19. The stock has a market cap of $18.90 billion, a PE ratio of 56.92 and a beta of 2.72. Credo Technology Group Holding Ltd. has a fifty-two week low of $29.09 and a fifty-two week high of $213.80.

Credo Technology Group (NASDAQ:CRDO – Get Free Report) last posted its earnings results on Monday, March 2nd. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.29. The firm had revenue of $407.01 million for the quarter, compared to analysts’ expectations of $385.94 million. Credo Technology Group had a net margin of 31.81% and a return on equity of 29.63%. The company’s revenue was up 201.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.25 earnings per share. As a group, sell-side analysts predict that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current fiscal year.

Key Credo Technology Group News Here are the key news stories impacting Credo Technology Group this week:

Positive Sentiment: Company reported record Q3 FY26 results with surging revenue and gross margins driven by AI demand, growth in AEC (copper) deployments and hyperscaler expansion — the earnings beat and margin expansion underpin stronger profitability and support a bullish growth thesis. What’s Behind Credo’s Strong Margins and Profitability Gains? Positive Sentiment: Analyst/market notes point to a discounted P/E relative to growth prospects and solid cash position; commentary frames CRDO as a valuation play on durable AI connectivity demand and expanding product set. Credo Technology Trades at a Discounted P/E: Time to Buy the Stock? Positive Sentiment: Industry analysis argues recent “copper panic” selloff is overdone — Credo’s AEC copper solutions remain energy- and latency-efficient for many XPU/AI interconnect use cases; Broadcom commentary cited as validating continued demand for direct-attach copper, supporting Credo’s long-term TAM. Credo: Why The Copper Panic Is Wrong Neutral Sentiment: Comparative coverage contrasts Credo with peers (e.g., Synaptics); useful for investors doing cross-stock valuation and product positioning checks, but less immediately market-moving than earnings or insider activity. Head to Head Contrast: Synaptics (NASDAQ:SYNA) and Credo Technology Group (NASDAQ:CRDO) Negative Sentiment: Multiple insiders (CEO, CFO, COO, CTO) filed Form 4s showing share sales on Apr 2 & 5 at ~ $101.45; sales reduced individual ownerships by low single-digit percentages. While amounts are modest relative to insider holdings (likely diversification/liquidity), the cluster of sales can weigh on near-term sentiment. CEO Form 4 (SEC) Wall Street Analyst Weigh In Several research firms have recently weighed in on CRDO. Roth Mkm reduced their price target on Credo Technology Group from $250.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, February 10th. Barclays restated an “overweight” rating and set a $260.00 price target on shares of Credo Technology Group in a report on Thursday, January 15th. Stifel Nicolaus set a $200.00 price target on Credo Technology Group in a report on Tuesday, March 3rd. Mizuho reduced their price objective on shares of Credo Technology Group from $225.00 to $200.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 3rd. Finally, Craig Hallum reissued a “buy” rating and issued a $200.00 price objective on shares of Credo Technology Group in a research note on Tuesday, March 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $206.33.

Read Our Latest Stock Report on CRDO

Institutional Trading of Credo Technology Group Institutional investors have recently added to or reduced their stakes in the stock. California Public Employees Retirement System boosted its holdings in Credo Technology Group by 17.2% in the second quarter. California Public Employees Retirement System now owns 257,567 shares of the company’s stock valued at $23,848,000 after acquiring an additional 37,772 shares during the last quarter. Optimize Financial Inc bought a new stake in Credo Technology Group during the third quarter valued at $1,431,000. Estate Counselors LLC bought a new stake in Credo Technology Group during the third quarter valued at $2,548,000. Global Trust Asset Management LLC bought a new stake in Credo Technology Group during the third quarter valued at $2,167,000. Finally, New York State Common Retirement Fund boosted its position in Credo Technology Group by 106.5% during the third quarter. New York State Common Retirement Fund now owns 146,134 shares of the company’s stock valued at $21,279,000 after acquiring an additional 75,369 shares during the last quarter. 80.46% of the stock is currently owned by institutional investors.

About Credo Technology Group (Get Free Report)

Credo Technology Group, Inc (NASDAQ: CRDO) is a fabless semiconductor company that develops high‑speed connectivity solutions for cloud, enterprise and telecommunications infrastructure. The company focuses on semiconductors and related IP that enable reliable, low‑latency movement of large volumes of data between servers, switches and optical modules in data centers and network equipment.

Credo’s product portfolio centers on high‑speed analog and mixed‑signal devices designed to preserve signal integrity and extend reach over copper and optical links.

Further Reading Five stocks we like better than Credo Technology Group

Receive News & Ratings for Credo Technology Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Credo Technology Group and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINECredo Technology Group (NASDAQ:CRDO) CTO Chi Fung Cheng Sells 2,434 Shares of Stock

NEXT HEADLINE »Credo Technology Group (NASDAQ:CRDO) CFO Daniel Fleming Sells 2,460 Shares

SAN JOSE, Calif., April 15, 2026 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (Nasdaq: SYNA) today announced that it will report financial results for the third quarter of fiscal 2026 on Thursday, May 7, 2026, after the market closes. The Company will host a corresponding conference call for analysts and investors at 2:00 p.m. PT (5:00 p.m. ET), to discuss the results.

To participate on the live call, analysts and investors should pre-register at Synaptics Q3 FY2026 Earnings Call Registration.
https://register-conf.media-server.com/register/BI5c64b8d3979e44c5ae47e5c26d2fcc66

Registrants will receive dial-in information and a unique passcode to access the call. We encourage participants to dial-in at least ten minutes before the scheduled start time.

A live and archived webcast of the conference call, as well as associated materials, will be accessible from the “Investor Relations” section of the Company’s website at https://investor.synaptics.com.

About Synaptics Incorporated:
Synaptics (Nasdaq: SYNA) is driving innovation in AI at the Edge, bringing AI closer to end users and transforming how we engage with intelligent connected devices, whether at home, at work, or on the move. As a go-to partner for forward-thinking product innovators, Synaptics powers the future with its cutting-edge Synaptics Astra™ AI-Native embedded compute, wireless connectivity, and multimodal sensing solutions. We’re making the digital experience smarter, faster, more intuitive, secure, and seamless. From touch, display, and biometrics to AI-driven wireless connectivity, video, vision, audio, speech, and security processing, Synaptics is a force behind the next generation of technology enhancing how we live, work, and play. 

Follow Synaptics on LinkedIn, Facebook, Instagram, and YouTube, or visit www.synaptics.com.

For further information, please contact:
Munjal Shah
VP, Head of Investor Relations
Synaptics
+1-408-518-7639
[email protected]