SYNA

Lam Research (LRCX) came out with quarterly earnings of $2.2 per share, beating the Zacks Consensus Estimate of $2.17 per share. This compares to earnings of $1.26 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +1.38%. A quarter ago, it was expected that this semiconductor equipment maker would post earnings of $1.69 per share when it actually produced earnings of $1.82, delivering a surprise of +7.69%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Lam Research, which belongs to the Zacks Electronics - Semiconductors industry, posted revenues of $8.22 billion for the quarter ended September 2026, surpassing the Zacks Consensus Estimate by 0.99%. This compares to year-ago revenues of $5.32 billion. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Lam Research shares have added about 53.9% since the beginning of the year versus the S&P 500's gain of 12.7%. While Lam Research has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Lam Research was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.26 on $8.5 billion in revenues for the coming quarter and $9.35 on $34.5 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Electronics - Semiconductors is currently in the bottom 31% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, Synaptics (SYNA), is yet to report results for the quarter ended September 2026. This maker of touch-screen technology is expected to post quarterly earnings of $1.23 per share in its upcoming report, which represents a year-over-year change of +12.8%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Synaptics' revenues are expected to be $318.16 million, up 8.8% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lam Research Corporation (LRCX) : Free Stock Analysis Report Synaptics Incorporated (SYNA) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

ON Semiconductor's revised $5.7 billion acquisition of Synaptics could deliver a bigger earnings boost than originally expected while eliminating the share dilution that had weighed on the deal, Bank of America said. Following an unsolicited competing proposal, the companies amended their June 25 agreement to replace the all-stock transaction with a $123-per-share cash offer. The deal's aggregate value falls to approximately $5.7 billion from $7 billion, eliminating roughly 59 million additional shares and the previously contemplated 12% to 13% dilution. With ON Semiconductor shares down 32% since the deal's announcement, Bank of America wrote that revised terms could improve investor reception by removing dilution while preserving the strategic rationale. ON Semiconductor would fund the deal with cash on hand and approximately $2.5 billion in term loan debt, with no financing condition. Even with that borrowing, the broker estimates the transaction could increase earnings per share by approximately 11% in calendar 2027 and 15% in calendar 2028. Its combined-company EPS estimates are $5 and $6.88, respectively, compared with standalone forecasts of $4.51 and $5.99. Those projected gains reflect an estimated 4% dilution and 2% accretion under the original structure, primarily from eliminating additional shares. The revised model includes cost synergies of $90 million and $175 million, respectively, partly offset by a roughly $150 million annual financial-income headwind from cash-and-debt funding. The estimates exclude revenue synergies and potential outsourcing benefits beyond the previously announced $200 million annual cost-synergy target, and management expects to outsource some SYNA production after the first 18 months following closing. The acquisition would also broaden ON Semiconductor's portfolio, with Bank of America highlighting SYNA's edge computing, connectivity, software, and human-machine interfaces alongside existing power and sensing capabilities. The broker expects the combination to support more integrated solutions across industrial markets, robotics, autonomous driving, and augmented and virtual reality. It estimates the acquisition would expand ON Semiconductor's calendar 2030 addressable market by approximately $30 billion to $243 billion. Bank of America still expects completion by mid-2027, with FTC approval received and other regulatory reviews ongoing.

Synaptics SYNA reported fourth-quarter fiscal 2026 non-GAAP earnings of $1.23 per share, which increased 21.8% year over year and beat the Zacks Consensus Estimate by 1.65%.Revenues increased 9% year over year to $308 million and surpassed the consensus mark by 0.98%. Core IoT product sales grew 24% year over year in the reported quarter to $104.6 million. Management said continued strength in Core IoT drove upside during the quarter, while performance across all major product categories was in line with expectations.Enterprise and Automotive product applications produced $164.3 million in revenues, up 9.8% year over year. Mobile product application revenues declined 20.2% to $39.1 million, partly offsetting growth in the other two categories. Non-GAAP gross margin expanded 100 basis points (bps) year over year to 54.5%. Synaptics Incorporated price-consensus-eps-surprise-chart | Synaptics Incorporated Quote Non-GAAP research and development expenses increased 3.1% year over year to $75.7 million.On a non-GAAP basis, selling, general and administrative expenses increased 2.9% to $32 million. Non-GAAP operating income increased 29.1% year over year to $60.3 million. Non-GAAP operating margin reached 20%, its highest level in 13 quarters and an improvement of 300 bps year over year. As of June 27, 2026, Synaptics had $442.5 million in cash and cash equivalents. Total debt stood at $837.3 million.For the period ended June 27, 2026, net cash provided by operating activities increased to $149.4 million from $142 million as of June 27, 2025. Synaptics returned capital to shareholders, repurchasing $92.7 million of common stock during the period ended June 27, 2026. Synaptics did not provide forward-looking financial guidance or schedule a quarterly earnings conference call because of its pending acquisition by onsemi. The companies entered into a definitive all-stock merger agreement on June 25, 2026.Management said its strategic priorities remain focused on Physical AI and Edge AI. The company reported expanding customer engagements, increased design wins and a growing pipeline across key markets, including Physical AI and robotics. Synaptics plans to begin sampling its AI-native Astra SR-Series microcontrollers for emerging Edge AI applications this fall. Currently, Synaptics carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the broader Zacks Computer and Technology sector include Kimball Electronics KE, NVIDIA NVDA and Inuvo INUV. Currently, Kimball Electronics and Inuvo each sport a Zacks Rank #1 (Strong Buy), while NVDA carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Shares of Kimball Electronics have lost 6.1% in the year-to-date period. KE is set to report the fourth quarter of fiscal 2026 results on Aug. 12.Inuvo shares have plunged 58.5% in the year-to-date period. INUV is set to report first-quarter fiscal 2027 results on Aug. 11.Shares of NVIDIA have gained 20.1% in the year-to-date period. NVDA is slated to report second-quarter 2026 results on Aug. 26. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Synaptics Incorporated (SYNA) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Inuvo, Inc (INUV) : Free Stock Analysis Report Kimball Electronics, Inc. (KE) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

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. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +1.65%. A quarter ago, it was expected that this maker of touch-screen technology would post earnings of $1.01 per share when it actually produced earnings of $1.09, delivering a surprise of +7.92%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Synaptics, which belongs to the Zacks Electronics - Semiconductors industry, posted revenues of $308 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.98%. This compares to year-ago revenues of $282.8 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Synaptics shares have added about 35.3% since the beginning of the year versus the S&P 500's gain of 12.8%. While Synaptics has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Synaptics was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.27 on $318.16 million in revenues for the coming quarter and $5.34 on $1.32 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Electronics - Semiconductors is currently in the top 19% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Broadcom Inc. (AVGO), has yet to report results for the quarter ended July 2026. This chipmaker is expected to post quarterly earnings of $3.22 per share in its upcoming report, which represents a year-over-year change of +90.5%. The consensus EPS estimate for the quarter has been revised 0.3% lower over the last 30 days to the current level. Broadcom Inc.'s revenues are expected to be $29.47 billion, up 84.7% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Synaptics Incorporated (SYNA) : Free Stock Analysis Report Broadcom Inc. (AVGO) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Fiscal 2026 revenue increased 11%, the second consecutive year of double-digit growth Fiscal 2026 Core IoT product sales increased 43% year-over-year, representing 33% of total sales Q4'26 Financial Results Revenue of $308.0 million, up 9% year-over-year Fiscal fourth quarter Core IoT product sales grew by 24% year-over-year GAAP gross margin of 47.3% Non-GAAP gross margin of 54.5% GAAP loss per share of $11.53 Non-GAAP diluted earnings per share of $1.23 Fourth quarter results include a $425.3 million, or $10.96 per share, non-cash charge related to the establishment of a valuation allowance against U.S. deferred tax assets, which is excluded from non-GAAP results. Fiscal 2026 Financial Highlights Revenue of $1.2 billion, increased 11% year-over-year Core IoT product sales grew by 43% year-over-year GAAP loss per share of $12.62, which includes the impact of the establishment of a valuation allowance Non-GAAP diluted earnings per share increased 27% to $4.58 Repurchased shares in the amount of $92.7 million (or approximately 1.3 million shares) SAN JOSE, Calif., Aug. 06, 2026 (GLOBE NEWSWIRE) -- Synaptics Incorporated (Nasdaq: SYNA) today reported financial results for its fourth quarter and full year of fiscal 2026 ended June 27, 2026. Net revenue for the fourth quarter of fiscal 2026 was $308.0 million. GAAP net loss for the fourth quarter of fiscal 2026 was $447.4 million, or a net loss of $11.53 per basic share. Non-GAAP net income for the fourth quarter of fiscal 2026 was $50.1 million, or $1.23 per diluted share. For the full year fiscal 2026, net revenue was $1.2 billion. GAAP gross margin for fiscal 2026 at 44.7% was flat compared to the prior year; and non-GAAP gross margin of 53.7% compared to 53.6% in the prior year. GAAP net loss for the recently completed fiscal year was $490.8 million or a net loss of $12.62 per basic share. Non-GAAP net income for the recently completed fiscal year was $185.9 million or $4.58 per diluted share. “Synaptics completed another strong fiscal year, with sustained growth and momentum across the business," said Rahul Patel, Synaptics' President and Chief Executive Officer. "We delivered solid financial results in fiscal 2026, with revenue increasing 11%, driven by 43% growth in our Core IoT portfolio. In the fourth quarter, revenue, gross margin, and non-GAAP EPS were all above the mid-point of our guidance, and non-GAAP operating margin reached 20%, our highest level in 13 quarters and an improvement of 300 basis points year-over-year. Performance across all major product categories was in line with expectations, with continued strength in Core IoT driving upside during the quarter." "Our strategic priorities remain unchanged as we advance our leadership in Physical AI and Edge AI. During the quarter, we expanded customer engagements, increased design wins, and continued to build our pipeline across key growth markets, including Physical AI and robotics. Our product roadmap remains on track, with sampling of our AI-native Astra SR-Series microcontrollers for emerging Edge AI applications expected to begin this fall. We are excited about the pending merger with onsemi, which we believe brings together highly complementary product portfolios and benefits from onsemi's manufacturing scale, global customer relationships, and extensive distribution network, anticipated to expand market opportunities, accelerate growth, and deliver greater value to customers and shareholders." Pending Acquisition by onsemiAs previously announced, on June 25, 2026, onsemi and Synaptics entered into a definitive agreement under which onsemi agreed to acquire Synaptics in an all-stock transaction. Due to the pending transaction, Synaptics will not host a quarterly earnings conference call or provide a forward-looking financial outlook. This press release will be available on the company’s website at https://investor.synaptics.com/ About Synaptics Incorporated: Synaptics (Nasdaq: SYNA) is driving innovation in AI at the Edge, bringing AI closer to end users and transforming how we engage with intelligent connected devices, whether at home, at work, or on the move. As a go-to partner for forward-thinking product innovators, Synaptics powers the future with its cutting-edge Synaptics Astra™ AI-Native embedded compute, wireless connectivity, and multimodal sensing solutions. We’re making the digital experience smarter, faster, more intuitive, secure, and seamless. From touch, display, and biometrics to AI-driven wireless connectivity, video, vision, audio, speech, and security processing, Synaptics is a force behind the next generation of technology enhancing how we live, work, and play. Follow Synaptics on LinkedIn, Facebook, Instagram, and YouTube, or visit www.synaptics.com. Use of Non-GAAP Financial Information In evaluating its business, Synaptics considers and uses Non-GAAP Net Income, which we define as net income excluding share-based compensation, acquisition-related costs, and certain other non-cash or recurring and non-recurring items the company does not believe are indicative of its core operating performance, as a supplemental measure of operating performance. Non-GAAP Net Income is not a measurement of the company’s financial performance under GAAP and should not be considered as an alternative to GAAP Net Income. The company presents Non-GAAP Net Income because it considers it an important supplemental measure of its performance since it facilitates operating performance comparisons from period to period by eliminating potential differences in net income caused by the existence and timing of share-based compensation charges, acquisition and integration-related costs, restructuring costs, and certain other non-cash or recurring and non-recurring items. Non-GAAP Net Income has limitations as an analytical tool and should not be considered in isolation or as a substitute for the company’s GAAP Net Income. The principal limitations of this measure are that it does not reflect the company’s actual expenses and may thus have the effect of inflating its net income and net income per share as compared to its operating results reported under GAAP. In addition, the company presents components of Non-GAAP Net Income, such as Non-GAAP Gross Margin, Non-GAAP operating expenses, Non-GAAP operating margin and Non-GAAP net income per share, for similar reasons. As presented in the “Reconciliation of GAAP Financial Measures to Non-GAAP Financial Measures” tables that follow, Non-GAAP Net Income and each of the other Non-GAAP financial measures excludes one or more of the following items: Acquisition and integration related costs Acquisition and integration related costs primarily consist of: amortization of purchased intangibles, which include acquired intangibles such as developed technology, customer relationships, trademarks, backlog, licensed technology, patents, and in-process technology when post-acquisition development is determined to be substantively complete; inventory fair value adjustments affecting the carrying value of inventory acquired in an acquisition; transitory post-acquisition incentive programs negotiated in connection with an acquired business or designed to encourage post-acquisition retention of key employees; legal and consulting costs directly associated with acquisitions, potential acquisitions and refinancing costs, including non-recurring acquisition related costs and services; and Costs incurred in the period in connection with the proposed merger with onsemi. These acquisition and integration-related costs are not factored into the company’s evaluation of its ongoing business operating performance or potential acquisitions, as they are not considered as part of the company’s principal operations. Further, the amount of these costs can vary significantly from period to period based on the terms of an earn-out arrangement, revisions to assumptions that went into developing the estimate of the contingent consideration associated with an earn-out arrangement, the size and timing of an acquisition, the lives assigned to the acquired intangible assets, and the maturity of the business acquired. Excluding acquisition related costs from Non-GAAP measures provides investors with a basis to compare Synaptics against the performance of other companies without the variability and potential earnings volatility associated with purchase accounting and acquisition-related items. Share-based compensation Share-based compensation expense relates to employee equity award programs and the vesting of the underlying awards, which includes stock options, deferred stock units, market stock units, performance stock units, phantom stock units and the employee stock purchase plan. Share-based compensation settled with stock, which includes stock options, deferred stock units, market stock units, performance stock units and the employee stock purchase plan, is a non-cash expense, while share-based compensation settled with cash, which includes phantom stock units, is a cash expense. Settlement of all employee equity award programs, whether settled with cash or stock, varies in amount from period to period and is dependent on market forces that are often beyond the company’s control. As a result, the company excludes share-based compensation from its internal operating forecasts and models. The company believes that Non-GAAP measures reflecting adjustments for share-based compensation provide investors with a basis to compare the company’s principal operating performance against the performance of peer companies without the variability created by share-based compensation resulting from the variety of equity-linked compensatory awards used by other companies and the varying methodologies and assumptions used. Restructuring costs Restructuring costs are costs incurred to address cost structure inefficiencies of acquired or existing business operations and consist primarily of employee termination, asset disposal and office closure costs, including the reversal of such costs. As a result, the company excludes restructuring costs from its internal operating forecasts and models when evaluating its ongoing business performance. The company believes that Non-GAAP measures reflecting adjustments for restructuring costs provide investors with a basis to compare the company’s principal operating performance against the performance of other companies without the variability created by restructuring costs designed to address cost structure inefficiencies of acquired or existing business operations. Legal settlement accruals and other Legal settlement accruals and other represent our estimated cost of settling legal claims and any obligations to indemnify a counterparty against third party claims that are unusual or infrequent. As a result, the company will exclude these settlement charges from its internal operating forecasts and models when evaluating its ongoing business performance. The company believes that Non-GAAP measures reflecting an adjustment for settlement charges provide investors with a basis to compare the company’s principal operating performance against the performance of other companies without the variability created by unusual or infrequent settlement accruals designed to address non-recurring or non-routine costs. Intangible asset impairmentIntangible asset impairment charge represents the excess carrying value of an indefinite-lived asset over its fair value. The intangible asset impairment charge is a non-cash charge. The company excludes intangible asset impairment charge from its internal operating forecasts and models when evaluating its ongoing business performance. The company believes that Non-GAAP measures, reflecting adjustments for intangible asset impairment charge, provide investors with a basis to compare the company’s principal operating performance against the performance of other companies without the variability created by the intangible asset impairment charge. Loss on early extinguishment of debtLoss on early extinguishment of debt represents a non-cash item based on the difference between the carrying value of the debt and the fair value of the debt when extinguished. Loss on early extinguishment of debt is excluded from Non-GAAP results as it is non-cash. Excluding loss on early extinguishment of debt from Non-GAAP measures provides investors with a basis to compare Synaptics against the performance of other companies without the variability associated with loss on early extinguishment of debt. Other non-cash items Other non-cash items include non-cash amortization of debt discount and issuance costs. These items are excluded from Non-GAAP results as they are non-cash. Excluding other non-cash items from Non-GAAP measures provides investors with a basis to compare Synaptics against the performance of other companies without the variability associated with other non-cash items. Other miscellaneous income/expense Other miscellaneous expense, net items include funds previously paid to third parties refunded back to the company and cost method investment impairment charge. These miscellaneous items are excluded from our non-GAAP results because they are not indicative of the company’s core operating performance. Management believes that adjusting for these items enhances investors’ ability to meaningfully compare the company’s ongoing financial performance with that of other companies by removing variability caused by infrequent or non-routine personnel-related costs. Non-GAAP tax adjustments The company forecasts its long-term Non-GAAP tax rate in order to provide investors with improved long-term modeling accuracy and consistency across financial reporting periods by eliminating the effects of certain items in our Non-GAAP net income and Non-GAAP net income per share, including the type and amount of share-based compensation, the taxation of post-acquisition intercompany intellectual property cross-licensing or transfer transactions, a non-cash tax expense related to the establishment of a full valuation allowance against U.S. deferred tax assets and the impact of other acquisition items that may or may not be tax deductible. The company intends to evaluate its long-term Non-GAAP tax rate annually for significant events, including material tax law changes in the major tax jurisdictions in which the company operates, corporate organizational changes related to acquisitions or tax planning opportunities, and substantive changes in our geographic earnings mix. Cautionary Statement Regarding Forward-Looking Statements This press release contains statements that are not historical facts but rather forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the safe harbors created under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. Forward-looking statements reflect the company’s current expectations and projections including those relating to the proposed merger with onsemi, and expectations and projections relating to the company's financial condition, results of operations, plans, objectives, future performance and business, including statements regarding the company’s anticipated business trends and growth drivers in Core IoT and Edge AI, product development and integration activities, strategic and technology investments, operational discipline, backlog, demand conditions, and capital allocation initiatives. Such statements do not relate strictly to historical or current facts and may be identified by words such as “expect,” “anticipate,” “intend,” “believe,” “estimate,” “plan,” “target,” “strategy,” “continue,” “may,” "commit," “will,” “should,” variations of such words, or other words and terms of similar meaning. All forward-looking statements are based upon the company’s current expectations or various assumptions. The company’s expectations and assumptions are expressed in good faith, and the company believes there is a reasonable basis for them. However, there can be no assurance that such forward-looking statements will materialize or prove to be correct as forward-looking statements are inherently subject to known and unknown risks, uncertainties and other factors which may cause actual future results, performance or achievements to differ materially from the future results, performance or achievements expressed in or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those set out in the forward-looking statements include, but are not limited to: risks related to the completion of the proposed merger with onsemi, including the risk that required regulatory approvals or stockholder approval may not be obtained, or that customary closing conditions may not be satisfied, the timing of closing, the parties' ability to consummate the transaction, and the risk of any adverse developments that could affect the likelihood of closing; uncertainties regarding the combined company's ability to achieve the anticipated benefits, synergies, cost savings and expense reductions from the merger; global macroeconomic and geopolitical conditions, including trade tensions, tariffs, inflation, military conflicts (such as those involving the United States, Russia, Ukraine, Israel, Iran and other countries in the Middle East and beyond), and market volatility, any of which may adversely affect customer demand for our products, purchasing behavior, supply chain disruptions, increased costs, and operational adjustments (such as reductions in force); the company’s ability to successfully execute on its strategies, including new product introductions, acquisitions and strategic partnerships; manufacturing and supply chain risks, including the company’s dependence on third parties to maintain satisfactory manufacturing yields and deliverable schedules, constraints or imbalances in the availability of critical components (including memory components used in combination with our products) or delays from third-party foundries and assemblers; risks related to customer concentration, inventory corrections, or changes in end-market adoption trends; the company’s dependence on one or more large customers, including risks relating to the loss or non-renewal of contracts with key customers; the company’s exposure to industry downturns and cyclicality in its target markets; expectations related to our financial performance for the upcoming quarter, including expected revenue contribution, growth, demand, or mix from Core IoT, Enterprise and Automotive markets, and other product categories or end markets; inflationary pressures, fluctuating interest rates, and exchange rate volatility; the company’s ability to execute on its cost reduction initiatives and to achieve expected synergies and expense reductions; the company’s ability to maintain and build relationships with its customers; the company’s indemnification obligations for any third party claims; risks associated with leadership transitions, including continuity and retention of key technical or managerial personnel; risks related to our ability to deliver expected financial or strategic benefits from investing in growth while simultaneously returning capital to stockholders through share repurchases; and other risks as identified in the “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Business” sections of the company’s most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q; and other risks as identified from time to time in the company’s Securities and Exchange Commission reports. Forward-looking statements contained in this press release are based on information available to the company as of the date of hereof, and the company assumes no obligation to update publicly or revise any forward-looking statements in light of new information or future events, except as required by law. Synaptics and the Synaptics logo are trademarks of Synaptics in the United States and/or other countries. All other marks are the property of their respective owners. For more information, please contact: Munjal ShahHead of Investor [email protected]

Cirrus Logic (CRUS) came out with quarterly earnings of $1.84 per share, beating the Zacks Consensus Estimate of $1.8 per share. This compares to earnings of $1.51 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +2.22%. A quarter ago, it was expected that this chipmaker would post earnings of $1.76 per share when it actually produced earnings of $1.95, delivering a surprise of +10.8%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Cirrus Logic, which belongs to the Zacks Electronics - Semiconductors industry, posted revenues of $459.72 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 0.03%. This compares to year-ago revenues of $407.27 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Cirrus Logic shares have added about 12.7% since the beginning of the year versus the S&P 500's gain of 13%. While Cirrus Logic has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Cirrus Logic was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.71 on $569.12 million in revenues for the coming quarter and $9.33 on $2.11 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Electronics - Semiconductors is currently in the top 20% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Synaptics (SYNA), another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 6. This maker of touch-screen technology is expected to post quarterly earnings of $1.21 per share in its upcoming report, which represents a year-over-year change of +19.8%. The consensus EPS estimate for the quarter has been revised 2.1% lower over the last 30 days to the current level. Synaptics' revenues are expected to be $305 million, up 7.9% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cirrus Logic, Inc. (CRUS) : Free Stock Analysis Report Synaptics Incorporated (SYNA) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. ON Semiconductor has delivered a strong 81.1% gain over the past five years, yet its latest valuation checks suggest the stock no longer looks like a clear bargain, with the Discounted Cash Flow (DCF) estimate sitting close to the current share price while market multiples lean expensive. Over the last 5 years, ON Semiconductor shares are up 81.1%, which puts more weight on whether today’s price already reflects much of that progress. Upcoming earnings and the planned Synaptics acquisition can shape expectations for future cash flows, while any disappointment in growth or integration progress may pressure the valuation investors are currently paying. ON Semiconductor passes only 1 of 6 valuation checks, which points to a stock that leans expensive on the broader measures rather than a clear-value opportunity. For investors, the debate is whether ON Semiconductor’s recent gains and mixed valuation signals leave enough room for further upside from here. ON Semiconductor delivered 70.2% returns over the last year. See how this stacks up to the rest of the Semiconductor industry. The Discounted Cash Flow (DCF) approach estimates what ON Semiconductor might be worth today based on its projected future cash generation. ON Semiconductor has latest twelve month free cash flow of about $744.7 million, and the model assumes that cash flows continue growing from this base rather than shrinking. Under these assumptions, the 2 Stage Free Cash Flow to Equity model points to an intrinsic value of about $74 per share. With the DCF indicating the stock trades around 8.3% above that estimate, ON Semiconductor screens as slightly overvalued on this cash flow view rather than clearly cheap. The upcoming second quarter earnings release and the planned Synaptics acquisition are already part of the story investors are pricing in, which helps explain why the current market price sits above the model’s value. Overall, ON Semiconductor appears roughly fairly valued on the DCF model, with only a mild tilt toward being overvalued at today’s price. ON Semiconductor is fairly valued according to our Discounted Cash Flow (DCF), but this can change at a moment's notice. Track the value in your watchlist or portfolio and be alerted on when to act. Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for ON Semiconductor. The P/E ratio is a useful way to judge what you are paying for each dollar of ON Semiconductor earnings. ON Semiconductor currently trades at about 54.5x earnings, which sits slightly above the broader Semiconductor industry average of 52.0x. The fair P/E for ON Semiconductor, based on its profile, is estimated at about 40.0x. That is well below the current 54.5x. This suggests investors are paying a premium to what this framework points to as a more grounded level. ON Semiconductor also trades below a peer group average of 91.9x, although that peer figure can be skewed by companies with very high multiples. On balance, the company screens as priced more richly than the tailored fair P/E even if it is not at the very top of the peer range. Overall, ON Semiconductor appears overvalued on the P/E multiple relative to the fair ratio implied by its fundamentals and industry position. See what the numbers say about this price — find out in our valuation breakdown. Simply Wall St Narratives pick up where the ON Semiconductor valuation puzzle leaves off. They set out in plain terms what would need to happen to ON Semiconductor’s revenue, margins and earnings for the stock to be worth meaningfully more or less than today. Rather than rely on a single multiple or DCF output, each narrative lays out the assumptions behind its fair value so you can compare those to the company’s actual results over time on the Community page. One of the top community narratives on ON Semiconductor: 29% undervalued Read one of the top narratives on ON Semiconductor Do you think there's more to the story for ON Semiconductor? Head over to our Community to see what others are saying! For ON Semiconductor, the Discounted Cash Flow (DCF) view points to intrinsic value that sits slightly below the current share price, while the P/E comparison suggests the stock screens as overvalued relative to its tailored fair ratio. That mix, together with a low broader value score, indicates the shares no longer stand out as a clear value opportunity. From here, the key debate is whether ON Semiconductor can deliver the earnings and cash flow progress that would justify the current premium and keep the multiple from slipping back toward more moderate levels. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ON. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Amkor Technology (AMKR) came out with quarterly earnings of $0.7 per share, beating the Zacks Consensus Estimate of $0.47 per share. This compares to earnings of $0.22 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +48.94%. A quarter ago, it was expected that this chip packaging and test services provider would post earnings of $0.23 per share when it actually produced earnings of $0.33, delivering a surprise of +43.48%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Amkor Technology, which belongs to the Zacks Electronics - Semiconductors industry, posted revenues of $1.9 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 5.25%. This compares to year-ago revenues of $1.51 billion. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Amkor Technology shares have added about 64.5% since the beginning of the year versus the S&P 500's gain of 8.3%. While Amkor Technology has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Amkor Technology was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.62 on $2.07 billion in revenues for the coming quarter and $2.08 on $7.59 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Electronics - Semiconductors is currently in the top 26% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Synaptics (SYNA), has yet to report results for the quarter ended June 2026. The results are expected to be released on August 6. This maker of touch-screen technology is expected to post quarterly earnings of $1.21 per share in its upcoming report, which represents a year-over-year change of +19.8%. The consensus EPS estimate for the quarter has been revised 2.1% lower over the last 30 days to the current level. Synaptics' revenues are expected to be $305 million, up 7.9% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Amkor Technology, Inc. (AMKR) : Free Stock Analysis Report Synaptics Incorporated (SYNA) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research