Every material Form 8-K Synaptics filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Synaptics reported first-quarter fiscal 2026 results for the period ended September 27, 2025, with revenue up 14% year-over-year to $292.5 million and Core IoT product sales up 74%. The company still posted a GAAP net loss of $20.6 million, or $0.53 per share, though that was smaller than the $23.1 million loss a year earlier, and non-GAAP diluted EPS rose to $1.09 from $0.81. The company guided second-quarter revenue to $300 million, plus or minus $10 million.
Revenue of $292.5 million, up from $257.7 million in the same quarter a year earlier.
GAAP net loss of $20.6 million ($0.53 per share), compared with a $23.1 million loss ($0.58 per share) a year earlier.
Non-GAAP diluted EPS of $1.09, compared with $0.81; non-GAAP gross margin was 53.2%.
Second-quarter fiscal 2026 outlook: revenue of $300 million ±$10 million and non-GAAP EPS of $1.15 ±$0.15; GAAP EPS guided to a loss of ($0.50) ±$0.25.
At its 2025 Annual Meeting on October 28, 2025, Synaptics stockholders approved amended 2019 Equity and Incentive Compensation and Employee Stock Purchase plans that add 1,900,000 and 1,500,000 shares, respectively, for issuance. They also elected six directors and ratified KPMG LLP as independent auditor for the fiscal year ending June 27, 2026. The increases expand the number of shares the company may issue under these plans, which is relevant to existing shareholders' ownership percentages.
Synaptics reported fourth-quarter fiscal 2025 revenue of $282.8 million, up from $247.4 million a year earlier, but a GAAP net loss of $4.7 million, compared with net income of $208.3 million a year earlier. The company also guided first-quarter fiscal 2026 revenue to $290 million plus or minus $10 million and authorized a new buyback of up to $150 million of common stock, which has no expiration date.
Q4 non-GAAP diluted EPS was $1.01, versus $0.64 a year earlier; Q4 GAAP loss was $0.12 per basic share.
Prior-year Q4 GAAP net income of $208.3 million included a $245.0 million income tax benefit.
Q1 fiscal 2026 guidance: revenue $290 million ± $10 million; GAAP loss per share ($0.54) ± $0.25.
Board authorized the buyback of up to $150 million on August 5, 2025; the company repurchased $128 million of stock in fiscal 2025.
Synaptics granted Chief Financial Officer Ken Rizvi a retention award of 21,157 time-vested restricted stock units on May 22, 2025, after he served as interim CEO. The award vests in four equal quarterly installments and is tied to his continued employment, which helps the company keep its finance chief as it transitions to new CEO Rahul Patel.
Retention award of 21,157 restricted stock units granted to CFO Ken Rizvi on May 22, 2025
Units vest in four equal quarterly installments, subject to continued employment
Unvested units are forfeited on voluntary departure or termination for cause, and vest in full on certain covered terminations
Rahul Patel named successor CEO, with a start date no later than June 2, 2025
Synaptics appointed Rahul Patel, a former Qualcomm and Broadcom executive, as President, Chief Executive Officer and director, effective no later than June 2, 2025. CFO Ken Rizvi, who has been interim CEO since February 2025, will remain CFO. The filing sets out Patel's pay package and severance terms, which shareholders should note as a significant leadership change.
Patel's offer letter sets a $800,000 base salary, a 125% target bonus, a $1,850,000 sign-on cash bonus and $15 million in equity awards, including a $5 million supplemental award.
Equity awards are granted July 17, 2025, subject to continued service.
Severance under a change in control is 2 times base salary plus 200% of target bonus, with accelerated vesting of RSUs and PSUs.
Synaptics reported fiscal third-quarter 2025 revenue of $266.6 million, up from $237.3 million a year earlier, with non-GAAP diluted EPS of $0.90 versus $0.53. GAAP net loss widened to $21.8 million, or $0.56 per share, from $18.1 million, or $0.46 per share, after a $13.8 million intangible asset impairment charge. The company guided fourth-quarter revenue to $280 million plus or minus $15 million and non-GAAP EPS to $1.00 plus or minus $0.20.
Q3 revenue of $266.6 million, up from $237.3 million a year earlier; Core IoT sales grew 43% year over year
GAAP net loss of $21.8 million, or $0.56 per share, versus $18.1 million, or $0.46 per share, a year earlier
Q4 fiscal 2025 guidance: revenue of $280 million plus or minus $15 million; GAAP loss per share of $0.68 plus or minus $0.30; non-GAAP EPS of $1.00 plus or minus $0.20
Repurchased approximately 546,000 shares for $37.9 million in the quarter
Synaptics updated its indemnification agreements for directors and officers and adopted new change-in-control and severance agreements for executives, all effective April 17, 2025. The board also granted retention restricted stock units to named executives during the period the company is searching for a permanent CEO, after its CEO resigned in February 2025.
Retention RSU grants on April 17, 2025: 21,854 to Ken Rizvi, 23,415 to Vikram Gupta, 15,610 to Lisa Bodensteiner and 21,854 to Satish Ganesan.
Retention units vest 50% on the first anniversary of the grant date, with the rest in equal quarterly installments over the following year.
Severance for a CEO in a change-in-control period is 2x base salary plus 200% of target bonus; other executives receive 1.5x base salary plus 150% of target bonus.
Ken Rizvi serves as Interim CEO and CFO following the CEO's resignation announced February 3, 2025.
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