Nov 5, 4:08 PM ET
Synaptics reported fiscal first-quarter 2027 results for the quarter ended September 26, 2026, with revenue of $294.0 million, up 1% year over year, and a GAAP net loss of $17.7 million, narrower than the $20.6 million loss a year earlier. The company said supply constraints and memory-related demand affected revenue, and it will not hold an earnings call or provide a financial outlook because of its pending acquisition by onsemi, which was restructured into an all-cash deal on October 1, 2026.
- Revenue of $294.0 million, up from $292.5 million a year earlier
- GAAP net loss of $17.7 million, or $0.45 per share, versus $20.6 million, or $0.53 per share, a year earlier
- Non-GAAP diluted earnings per share of $1.26, up from $1.09 a year earlier
- No earnings call or forward-looking outlook due to the pending onsemi acquisition
Read the filing on SEC.gov ↗
Oct 28, 7:31 PM ET
At its October 27, 2026 annual meeting, Synaptics stockholders approved an amended and restated 2019 Equity and Incentive Compensation Plan that adds 1,000,000 authorized shares, and they elected all eight director nominees and ratified KPMG LLP as auditor. The equity plan is the only proposal in the filing with a meaningful number of votes against, which matters to shareholders because it increases the shares available for compensation awards.
- Proposal Three, the 2019 Plan amendment, received 21,519,926 votes for and 8,966,641 against, with 40,693 abstentions and 5,609,594 broker non-votes.
- All eight directors were elected to serve until the 2027 annual meeting; Patricia Kummrow received 28,113,898 votes for and 2,379,365 against.
- Stockholders ratified KPMG LLP as independent auditor for the fiscal year ending June 27, 2026, with 35,640,914 votes for.
- Stockholders approved, on a non-binding advisory basis, the compensation of named executive officers for fiscal 2026 with 29,665,399 votes for.
Read the filing on SEC.gov ↗
Oct 15, 4:16 PM ET
Synaptics said its Vice President, Corporate Controller and Principal Accounting Officer, Esther Song, resigned effective October 28, 2026, to pursue other opportunities, and that the resignation was not due to any disagreement with the company. Kermit Nolan, a Vice President, Finance, will take over the Principal Accounting Officer role on the same date with no additional compensation. The change affects the company's accounting leadership, though the filing describes it as a planned transition.
- Esther Song resigned on October 13, 2026, effective October 28, 2026, and will remain employed until then
- Kermit Nolan, 67, was appointed Principal Accounting Officer effective October 28, 2026
- Nolan previously served as Corporate Vice President, Chief Accounting Officer from February 2019 until retiring at the end of 2023
- The filing states Song's resignation was not due to any disagreement on operations, accounting or policies
Read the filing on SEC.gov ↗
Oct 1, 5:19 PM ET
Synaptics and onsemi signed an amended and restated merger agreement on October 1, 2026, after an unsolicited competing proposal received September 2, 2026. Synaptics shareholders would receive $123 per share in cash instead of onsemi stock, and the Synaptics board unanimously approved the revised deal. The transaction is expected to close by mid-2027, subject to Synaptics shareholder approval and regulatory approvals.
- Merger consideration is $123 per share in cash, without interest; the deal is valued at approximately $5.7 billion, compared with approximately $7 billion under the prior agreement.
- The transaction is expected to close by mid-2027, subject to Synaptics shareholder approval, required regulatory approvals and other customary conditions.
- The Federal Trade Commission has approved the transaction, and regulators in other jurisdictions are reviewing it; the Hart-Scott-Rodino approval has already been obtained.
- onsemi will fund the deal with cash on hand and committed debt financing from Morgan Stanley, and the agreement has no financing condition.
Read the filing on SEC.gov ↗
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