Synaptics beats fiscal Q4 estimates as Core IoT sales jump 24%, margins expand and operating profit rises, while its pending onsemi deal keeps guidance on hold.
The headline numbers for Synaptics (SYNA) give insight into how the company performed in the quarter ended June 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Synaptics (SYNA) came out with quarterly earnings of $1.23 per share, beating the Zacks Consensus Estimate of $1.21 per share. This compares to earnings of $1.01 per share a year ago.
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.
Onsemi (NASDAQ:ON)'s proposed acquisition of Synaptics could create long-term strategic benefits, with Bank of America writing that a meeting with management increased its confidence in the rationale and potential synergies of the transaction. The analysts wrote that Synaptics adds highly complementary compute assets to Onsemi (NASDAQ:ON)'s existing strengths in power, sensing and control, supporting the company's ambition to build a complete edge AI portfolio.
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 TodayONonsemi$88.60 -2.05 (-2.26%) As of 11:45 AM Eastern This is a fair market value price provided by Massive. Learn more.52-Week Range$44.56▼$134.92P/E Ratio62.84Price Target$102.73Add to Watchlistonsemi's NASDAQ: ON stock price imploded by more than 25% following the unexpected acquisition of Synaptics NASDAQ: SYNA.
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.
onsemi ON is making its biggest strategic move yet, agreeing to acquire Synaptics Incorporated SYNA in an all-stock deal valued at roughly $7 billion. The acquisition strengthens onsemi's transformation from a power and sensing specialist into a provider of intelligent, system-level solutions for the emerging Physical AI market.
ON Semiconductor CEO Hassane El-Khoury defended the company's core business as shares tanked after announcing its largest acquisition ever. The company is buying Synaptics to broaden its push into physical AI
Synaptics Incorporated (SYNA) M&A Call Transcript
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.