A designer of AI-enabled edge chips and human-interface technology, Synaptics makes the touchpads, fingerprint sensors, and wireless connectivity components found in laptops, phones, and cars. Its product lines include Astra AI-native processors, Veros wireless solutions, and Natural ID fingerprint sensors. The company designs its chips but outsources manufacturing to foundries, and in January 2025 it bought Wi-Fi technology assets from Broadcom to expand its wireless lineup.
Synaptics CFO Ken Rizvi resigns; CEO Rahul Patel takes over as principal financial officer
Ken Rizvi resigned as CFO of Synaptics effective August 20, 2026, to pursue a new opportunity, and will stay in an advisory role through September 30, 2026.
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Rizvi will continue to receive his current compensation and benefits until his employment terminates; his resignation was not due to any disagreement with the Company.
No successor CFO search will be conducted at this time due to the pending merger with ON Semiconductor announced June 25, 2026.
CEO Rahul Patel will serve as principal financial officer through the closing of the merger, without additional compensation.
Former Chief Accounting Officer Kermit Nolan is returning as a consultant to advise during the transition.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits
Synaptics reports Q4 FY2026 revenue of $308.0M, up 9% YoY; non-GAAP EPS $1.23
Fiscal Q4 2026 revenue was $308.0 million, up 9% year-over-year; GAAP net loss was $447.4 million ($11.53 per basic share), including a $425.3 million non-cash valuation allowance charge.
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Non-GAAP net income for Q4 was $50.1 million, or $1.23 per diluted share; non-GAAP gross margin was 54.5%.
Full-year fiscal 2026 revenue was $1.2 billion, up 11% year-over-year; GAAP net loss was $490.8 million ($12.62 per basic share), non-GAAP net income was $185.9 million ($4.58 per diluted share).
Core IoT product sales grew 43% year-over-year in fiscal 2026, representing 33% of total sales; Q4 Core IoT sales grew 24% year-over-year.
Due to the pending all-stock acquisition by onsemi (announced June 25, 2026), Synaptics will not host an earnings call or provide forward-looking guidance.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Synaptics appoints Venkatesh Nathamuni to board and audit committee effective Jan. 1, 2026
Board size increased from eight to nine directors effective January 1, 2026.
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Nathamuni is an independent director and audit committee member, qualifying as an audit committee financial expert.
He is EVP and CFO of Jacobs Solutions, with prior CFO roles at Cirrus Logic and senior positions at Arista Networks and J.P. Morgan.
Compensation includes pro-rata cash retainers of $75,000 for board and $10,000 for audit committee service, plus 2,300 RSUs granted Jan. 2, 2026.
An indemnification agreement with Nathamuni is effective January 1, 2026; no related-party transactions exceeding $120,000 were reported.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits
Synaptics shareholders approve equity plan increases and director elections at 2025 annual meeting
At the October 28, 2025 annual meeting, shareholders elected six directors: Jeffrey D. Buchanan, Keith B. Geeslin, Patricia Kummrow, Vivie Lee, Rahul Patel, and James L. Whims, each to serve until the 2026 annual meeting.
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Shareholders approved an amendment to the 2019 Equity and Incentive Compensation Plan, increasing authorized shares by 1,900,000.
Shareholders approved an amendment to the 2019 Employee Stock Purchase Plan, increasing authorized shares by 1,500,000.
Shareholders ratified KPMG LLP as independent auditor for fiscal year ending June 27, 2026.
A non-binding advisory resolution approving named executive officer compensation for fiscal year 2025 was adopted.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 5.07 Submission of Matters to a Vote of Security Holders · 9.01 Financial Statements and Exhibits