SYNAPTICS Inc

Synaptics Inc. announced an agreement to merge with ON Semiconductor Corporation (onsemi), where Synaptics will become a wholly-owned subsidiary of onsemi. Under the terms, each Synaptics share will convert into 1.350 shares of onsemi common stock. The transaction, unanimously approved by Synaptics' Board, is anticipated to close in mid-2027, subject to stockholder and regulatory approvals. The company also highlighted its January 2025 acquisition of Broadcom's Wi-Fi technology assets to accelerate its Edge AI strategy.

Synaptics reported strong financial results for fiscal year 2026, with revenue increasing 11% to $1.2 billion, driven by a 43% year-over-year growth in Core IoT product sales. For the fourth quarter, revenue was $308.0 million, and non-GAAP diluted earnings per share were $1.23. The company also noted its pending acquisition by onsemi, which will lead to no further earnings calls or financial outlook.

Synaptics Inc. announced it will release its financial results for the fourth quarter and full fiscal year 2026 on August 6, 2026, after the market closes. Due to a pending transaction with onsemi, the company will not host a conference call to discuss the results or provide a forward-looking financial outlook. The press release will be available on the company's investor relations website.

Synaptics Incorporated has entered into a definitive agreement to be acquired by ON Semiconductor Corporation (onsemi) in an all-stock transaction valued at approximately $7 billion. Under the terms, Synaptics shareholders will receive 1.350 shares of onsemi common stock for each Synaptics share, representing a 19% premium. This merger aims to accelerate onsemi's evolution into intelligent systems, expanding its capabilities beyond power and sensing into Edge AI compute, human-machine interface, and wireless connectivity solutions, thereby increasing its total addressable market by $30 billion to $243 billion by 2030. The transaction is expected to be accretive to non-GAAP EPS within 18 months of closing, with $200 million in annual synergies, and is anticipated to close in mid-2027.

Synaptics Incorporated and Google Research are spotlighting the new Synaptics Coralboard at Google I/O 2026, designed to accelerate Edge AI product development. The Coralboard, powered by Synaptics Astra SL2610 with Torq NPU and Google Coral NPU technology, offers an open, feature-rich platform for multimodal on-device AI experiences. It features a 2GHz dual-core SoC, 2GB DDR4 DRAM, and a 1 TOPS NPU, supporting various interfaces for rapid prototyping. The collaboration includes a live AI-powered music experience, "Jellectronica," demonstrating real-time vision and inference at the Edge.

Synaptics Incorporated announced its participation in four investor conferences during the fiscal fourth quarter of 2026. CEO Rahul Patel will present at the J.P. Morgan Global Technology, Media and Communications Conference, while CFO Ken Rizvi will participate in the TD Cowen 54th Annual Technology, Media & Telecom Conference, present at the Mizuho Technology Conference, and virtually attend the Northland Growth Conference.

Synaptics announced its plans to showcase its AI-native compute, connectivity, and sensing solutions at COMPUTEX Taipei 2026 from June 2-5. The company will demonstrate how its latest innovations, including Synaptics Astra™ AI-native embedded compute, next-generation wireless connectivity, and multimodal sensing, enable real-world AI experiences. These solutions are designed for smart home, industrial automation, physical AI, and smart enterprise applications, aiming to accelerate the deployment of Edge IoT applications.

Synaptics Inc. reported a significant increase in net revenue for the three months ended March 28, 2026, reaching $294.2 million, alongside a reduced net loss of $8.0 million. For the nine-month period, net revenue also grew to $889.2 million, though the net loss remained relatively stable at $43.4 million. The company also increased its cash and cash equivalents and continued its stock repurchase program.

Synaptics reported third-quarter fiscal 2026 financial results with revenue of $294.2 million, a 10% increase year-over-year. Core IoT product sales significantly grew by 31% year-over-year. The company achieved a non-GAAP diluted earnings per share of $1.09 and provided a positive outlook for the fourth quarter of fiscal 2026, expecting continued sequential and year-over-year revenue growth.

Synaptics Incorporated announced it will release its financial results for the third quarter of fiscal 2026 after market close on Thursday, May 7, 2026. The company will host a conference call for analysts and investors on the same day at 2:00 p.m. PT (5:00 p.m. ET) to discuss the results. Participants are encouraged to pre-register for the call, and a webcast will be available on the investor relations section of Synaptics' website.