SYNA revenue +11.4% to $1.20B; net loss widens to -$490.8M; onsemi merger announced

Filed August 10, 2026 · Period ending June 27, 2026 · Compared to 10-K Aug 21, 2025 · ~2 min read

Key Changes

• high

  Net loss widened from $48M to $491M despite operating loss narrowing 29% to $67M, driven by a $411M tax provision vs $65.7M benefit prior year — the bottom-line change did NOT come from operations.

  MD&A: Tax provision swing verify on EDGAR →
• high

  Company established full valuation allowance against U.S. federal deferred tax assets ($425M non-cash charge) after three-year cumulative taxable loss, reducing confidence these assets will be realized.

  Notes: Deferred tax valuation allowance verify on EDGAR →
• high

  Definitive merger agreement with ON Semiconductor announced June 25, 2026; SYNA shareholders to receive 1.350 onsemi shares per share, expected to close mid-2027 subject to approvals.

  MD&A: onsemi merger verify on EDGAR →