Track market-moving stories before they get noisy

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.

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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.

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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.

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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:

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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.

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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

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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]

Core IoT product sales increased 31% year-over-year

Multiple additional design wins in Physical AI and robotics

Q3'26 Financial Results

Revenue of $294.2 million, up 10% year-over-yearFiscal third quarter Core IoT product sales grew by 31% year-over-yearGAAP gross margin of 45.3%Non-GAAP gross margin of 53.6%GAAP loss per share of $0.21Non-GAAP diluted earnings per share of $1.09 SAN JOSE, Calif., May 07, 2026 (GLOBE NEWSWIRE) -- Synaptics Incorporated (Nasdaq: SYNA) today reported financial results for its third quarter of fiscal 2026 ended March 28, 2026.

Net revenue for the third quarter of fiscal 2026 was $294.2 million. GAAP net loss for the third quarter of fiscal 2026 was $8.0 million, or a loss of $0.21 per basic share. Non-GAAP net income for the third quarter of fiscal 2026 was $44.1 million, or $1.09 per diluted share.

“Synaptics delivered a solid third quarter of fiscal 2026, with double-digit year-over-year revenue growth driven by a 31% increase in Core IoT product sales. Revenue, non-GAAP gross margin, and non-GAAP EPS all exceeded the midpoints of our guidance, reflecting strong execution. Based on the mid-point of our fourth quarter outlook, we expect full year fiscal 2026 Core IoT revenue to grow more than 40% year-over-year to over $385 million. We are seeing accelerating activity in Physical AI and Edge AI, with increasing design wins and customer engagements. We continue to align our portfolio to capitalize on these emerging opportunities and remain confident in our ability to drive long-term growth," said Rahul Patel, Synaptics' President and Chief Executive Officer.

Business Outlook

Ken Rizvi, the Company's Chief Financial Officer, added, “As we enter the June quarter, our backlog is healthy and our current outlook reflects expected sequential and year-over-year revenue growth. We remain focused on disciplined execution. Our balance sheet is strong, providing the flexibility to invest in our organic growth initiatives.”

The fourth quarter fiscal 2026 outlook information provided below is based on the Company’s current estimates and is not a guarantee of future performance. These statements are forward-looking and actual results may differ materially. Refer to the “Cautionary Statement Regarding Forward-Looking Statements” section below for information on the factors that could cause the Company’s actual results to differ materially from these forward-looking statements.

For the fourth quarter of fiscal 2026, the Company expects:

     GAAPNon-GAAP AdjustmentNon-GAAP    Revenue$305M ± $10MN/A$305M ± $10M    Gross Margin*46.0 percent ±
2.0 percent$23.0M ± $0.5M53.5 percent ± 1.0 percent    Operating Expense**$146M ± $4M$41M ± $2M$105M ± $2M    Earnings (loss) per share***($0.17) ± $0.25$1.37 ± $0.10$1.20 ± $0.15    
*        Projected Non-GAAP gross margin excludes $22.0 to $23.0 million in acquisition and integration-related costs and $0.5 million in share-based compensation costs.

**       Projected Non-GAAP operating expense excludes $35.0 to $36.0 million in share-based compensation costs, $1.0 to $2.0 million in restructuring costs, and $3.0 to $5.0 million in acquisition and integration related costs.

***      Projected Non-GAAP earnings (loss) per share excludes $0.90 to $0.91 in share-based compensation costs, $0.03 to $0.05 in restructuring costs, $0.64 to $0.69 in acquisition and integration related costs, and ($0.10) to ($0.38) in other non-cash and Non-GAAP tax adjustments.

Our outlook is also subject to the fluid macroeconomic landscape, including ongoing global macroeconomic and geopolitical conditions, including trade and tariff uncertainties and military conflicts in the Middle East (refer to the “Cautionary Statement Regarding Forward-Looking Statements" below).

Earnings Call and Supplementary Materials
The Synaptics third quarter fiscal 2026 teleconference and webcast is scheduled to begin at 2:00 p.m. PT (5:00 p.m. ET), on Thursday, May 7, 2026, during which the Company may discuss forward-looking information.

Speakers:

Rahul Patel, President and Chief Executive OfficerKen Rizvi, Chief Financial Officer 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

Supplementary slides, a copy of the prepared remarks, and a live and archived webcast of the conference call 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.

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; andlegal and consulting costs directly associated with acquisitions, potential acquisitions and refinancing costs, including non-recurring acquisition related costs and services. 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.

Intangible asset impairment charge
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.

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.

Loss on early extinguishment of debt
Loss on early extinguishment of debt represents a non-cash item based on the difference in 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
Other miscellaneous income items include funds previously paid to third parties refunded back to the company. 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, 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 relating to its financial condition, results of operations, plans, objectives, future performance and business, including statements regarding the company’s financial guidance for the fourth quarter of fiscal 2026, 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, including share repurchases, subject to market conditions, liquidity and board authorization. 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: 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)   March 2026 June 2025ASSETS    Current assets:    Cash and cash equivalents $404.4  $391.5 Short-term investments  —   61.0 Accounts receivable, net  162.5   130.3 Inventories  161.3   139.5 Prepaid expenses and other current assets  27.2   29.6 Total current assets  755.4   751.9 Property and equipment, net  82.5   72.1 Goodwill  872.3   872.3 Acquired intangible assets  209.6   262.2 Deferred tax assets  423.8   408.8 Non-current other assets  178.8   217.1 Total assets $2,522.4  $2,584.4 LIABILITIES AND STOCKHOLDERS’ EQUITY    Current liabilities:    Accounts payable $77.7  $98.5 Accrued liabilities  170.5   172.4 Total current liabilities  248.2   270.9 Long-term debt  836.7   834.8 Other long-term liabilities  78.8   83.8 Total liabilities  1,163.7   1,189.5 Stockholders' equity:    Common stock and additional paid-in capital  1,301.7   1,211.9 Treasury stock  (1,089.5)  (1,006.9)Retained earnings  1,146.5   1,189.9 Total stockholders' equity  1,358.7   1,394.9 Total liabilities and stockholders’ equity $2,522.4  $2,584.4  SYNAPTICS INCORPORATED
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(In millions, except per share data)
(Unaudited)   Three Months Ended Nine Months Ended  March March   2026   2025   2026   2025 Net revenue $294.2  $266.6  $889.2  $791.5 Acquisition-related costs (1)  24.1   26.5   84.8   68.1 Cost of revenue  136.8   124.3   414.8   364.5 Gross margin  133.3   115.8   389.6   358.9 Operating expenses:        Research and development  94.5   88.6   284.0   253.2 Selling, general, and administrative  49.6   34.7   143.6   134.2 Acquired intangibles amortization (1)  1.9   4.5   10.4   12.1 Intangible asset impairment charges  —   13.8   —   13.8 Restructuring costs (2)  —   0.5   2.6   15.5 Total operating expenses  146.0   142.1   440.6   428.8 Operating loss  (12.7)  (26.3)  (51.0)  (69.9)Interest expense and other, net  (2.5)  (1.1)  (4.4)  (11.3)Loss on early extinguishment of debt  —   —   —   (6.5)Loss before benefit from income taxes  (15.2)  (27.4)  (55.4)  (87.7)Benefit from income taxes  (7.2)  (5.6)  (12.0)  (44.6)Net loss $(8.0) $(21.8) $(43.4) $(43.1)Net loss per share:        Basic $(0.21) $(0.56) $(1.12) $(1.09)Diluted $(0.21) $(0.56) $(1.12) $(1.09)Shares used in computing net loss per share:        Basic  38.8   39.0   38.9   39.5 Diluted  38.8   39.0   38.9   39.5 (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.

     SYNAPTICS INCORPORATED
Reconciliation of GAAP Financial Measures to Non-GAAP Financial Measures
(In millions, except per share data)
(Unaudited)   Three Months Ended Nine Months Ended  March March   2026   2025   2026   2025 GAAP gross margin $133.3  $115.8  $389.6  $358.9 Acquisition and integration related costs  24.1   26.6   84.8   68.2 Share-based compensation  0.3   0.3   0.9   (2.1)Non-GAAP gross margin $157.7  $142.7  $475.3  $425.0 GAAP gross margin - percentage of revenue (1)  45.3%  43.4%  43.8%  45.3%percentage of revenue (1)  8.2%  10.0%  9.6%  8.6%revenue (1)  0.1%  0.1%  0.1%  (0.2%)(1)   53.6%  53.5%  53.5%  53.7%GAAP research and development expense $94.5  $88.6  $284.0  $253.2 Share-based compensation  (22.3)  (18.5)  (64.7)  (48.6)Non-GAAP research and development expense $72.2  $70.1  $219.3  $204.6 expense $49.6  $34.7  $143.6  $134.2 Share-based compensation  (17.1)  (1.1)  (49.5)  (35.2)Acquisition and integration related costs  (0.1)  (1.7)  (0.6)  (6.4)Legal settlement accruals and other  —   (0.8)  —   (3.0)expense $32.4  $31.1  $93.5  $89.6 GAAP operating loss $(12.7) $(26.3) $(51.0) $(69.9)Acquisition and integration related costs  26.1   32.8   95.8   86.7 Share-based compensation  39.7   19.9   115.1   81.7 Legal settlement accruals and other  —   0.8   —   3.0 Intangible asset impairment  —   13.8   —   13.8 Restructuring costs  —   0.5   2.6   15.5 Non-GAAP operating income $53.1  $41.5  $162.5  $130.8 GAAP net loss $(8.0) $(21.8) $(43.4) $(43.1)Acquisition and integration related costs  26.1   32.8   95.8   86.7 Share-based compensation  39.7   19.9   115.1   81.7 Restructuring costs  —   0.5   2.6   15.5 Legal settlement accruals and other  —   0.8   —   3.0 Intangible asset impairment  —   13.8   —   13.8 Loss on early extinguishment of debt  —   —   —   6.5 Other non-cash items  0.7   0.7   2.2   1.9 Other miscellaneous income  —   —   (2.3)  — Non-GAAP tax adjustments  (14.4)  (11.4)  (34.1)  (61.6)Non-GAAP net income $44.1  $35.3  $135.9  $104.4 GAAP net loss per share $(0.21) $(0.56) $(1.12) $(1.09)Acquisition and integration related costs  0.67   0.84   2.46   2.19 Share-based compensation  1.02   0.51   2.96   2.07 Restructuring costs  —   0.01   0.07   0.39 Legal settlement accruals and other  —   0.02   —   0.08 Intangible asset impairment  —   0.35   —   0.35 Loss on early extinguishment of debt  —   —   —   0.16 Other non-cash items  0.02   0.02   0.06   0.05 Other miscellaneous income  —   —   (0.06)  — Non-GAAP tax adjustments  (0.37)  (0.29)  (0.88)  (1.56)Share adjustment  (0.04)  —   (0.12)  (0.02)Non-GAAP net income per share - diluted $1.09  $0.90  $3.37  $2.62 Shares used in per share calculation - diluted on GAAP basis  38.8   39.0   38.9   39.5 Non-GAAP adjustment (2)  1.5   0.2   1.4   0.3 Shares used in per share calculation - diluted on non-GAAP basis  40.3   39.2   40.3   39.8 
(1) Percentages may not reconcile due to rounding(2) Shares used for net income per share on non-GAAP basis represent the diluted share count that would have been used for GAAP purposes if GAAP results were in a profit position. Therefore, the adjustment represents the net incremental dilutive shares from employee equity programs in accordance with the treasury stock method. There is no dilution in our non-GAAP diluted share count from our convertible debt instrument under the if-converted method, as the conversion rate exceeded the average market value of our stock.

SYNAPTICS INCORPORATED
CONDENSED CONSOLIDATED CASH FLOWS
(In millions)
(Unaudited)   Nine Months Ended  March 2026   2026   2025 Net loss $(43.4) $(43.1)Non-cash operating items  227.0   161.0 Changes in working capital  (101.8)  (33.1)Net cash provided by operating activities  81.8   84.8      Acquisition of business, net of cash and cash equivalents acquired  —   (198.8)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  (35.7)  (19.2)Net cash provided by (used in) investing activities  25.3   (289.0)     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  (25.3)  (3.3)Repurchases of common stock, exclusive of excise taxes  (82.6)  (112.3)Repayment of debt  —   (583.5)Return of deposit received from vendor  14.0   — Other  —   0.9 Net cash used in financing activities  (93.9)  (313.0)Effect of exchange rate changes on cash and cash equivalents  (0.3)  0.7 Net increase (decrease) in cash and cash equivalents  12.9   (516.5)Cash and cash equivalents, beginning of period  391.5   876.9 Cash and cash equivalents, end of period $404.4  $360.4 

For the quarter ended March 2026, Synaptics (SYNA - Free Report) reported revenue of $294.2 million, up 10.4% over the same period last year. EPS came in at $1.09, compared to $0.90 in the year-ago quarter.

The reported revenue represents a surprise of +1.41% over the Zacks Consensus Estimate of $290.12 million. With the consensus EPS estimate being $1.01, the EPS surprise was +8.35%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

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: $88.3 million compared to the $92.96 million average estimate based on three analysts.Net revenue- Enterprise and Automotive product applications: $168 million versus $156.42 million estimated by three analysts on average.Net revenue- Mobile product applications: $37.9 million versus the three-analyst average estimate of $40.6 million.View all Key Company Metrics for Synaptics here>>>

Shares of Synaptics have returned +41.2% over the past month versus the Zacks S&P 500 composite's +11.4% 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.

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SAN JOSE, Calif., May 12, 2026 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (Nasdaq: SYNA) today announced its participation in the following investor conferences in the fiscal fourth quarter of 2026:

Rahul Patel, President and Chief Executive Officer, will present at the J.P. Morgan 2026 Global Technology, Media and Communications Conference on Monday, May 18, 2026, at 6:05 AM PT. To view the webcast or access a replay, please visit J.P. Morgan 2026 Global Technology, Media and Communications Conference.
Ken Rizvi, Chief Financial Officer, will participate in TD Cowen 54th Annual Technology, Media & Telecom Conference on Wednesday, May 27, 2026.
Ken Rizvi, Chief Financial Officer, will present at the Mizuho Technology Conference 2026 on Tuesday, June 9, 2026 at 6:45 AM PT. To view the webcast or access a replay, please visit Mizuho Technology Conference 2026.
Ken Rizvi, Chief Financial Officer, will virtually participate in the Northland Growth Conference 2026 on Tuesday, June 23, 2026.
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
Synaptics
+1-408-518-7639
[email protected]

Synaptics Incorporated (SYNA) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In "long context," investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.

While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.

Below, we take a look at Synaptics (SYNA - Free Report) , which currently has a Momentum Style Score of B. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.

It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Synaptics currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period.

You can see the current list of Zacks #1 Rank Stocks here >>>

Set to Beat the Market? In order to see if SYNA is a promising momentum pick, let's examine some Momentum Style elements to see if this maker of touch-screen technology holds up.

A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area.

For SYNA, shares are up 2.23% over the past week while the Zacks Electronics - Semiconductors industry is flat over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 42.39% compares favorably with the industry's 9.88% performance as well.

While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Over the past quarter, shares of Synaptics have risen 52.53%, and are up 90.21% in the last year. On the other hand, the S&P 500 has only moved 7.46% and 24.67%, respectively.

Investors should also pay attention to SYNA's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. SYNA is currently averaging 1,075,786 shares for the last 20 days.

Earnings OutlookThe Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with SYNA.

Over the past two months, 1 earnings estimate moved higher compared to none lower for the full year. This revision helped boost SYNA's consensus estimate, increasing from $4.45 to $4.49 in the past 60 days. Looking at the next fiscal year, 1 estimate has moved upwards while there have been no downward revisions in the same time period.

Bottom LineGiven these factors, it shouldn't be surprising that SYNA is a #2 (Buy) stock and boasts a Momentum Score of B. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep Synaptics on your short list.