• In early January 2026, Origin AI announced it had partnered with Synaptics to integrate WiFi Sensing software into Synaptics’ Veros wireless SoCs, while Edgecore Networks separately teamed up with Synaptics on an AIoT Edge Hub built around the Astra SL1620 processor and Veros SYN4612 connectivity platform.
• Together with the appointment of experienced finance leader Venkatesh Nathamuni to Synaptics’ Board and Audit Committee, these collaborations highlight how the company is aligning WiFi sensing, Edge AI processing, and governance expertise to accelerate smart home and cloud-connected IoT deployments without requiring major hardware redesigns.
• Against this backdrop, we’ll now explore how embedding Origin’s WiFi sensing into Veros SoCs may influence Synaptics’ existing Edge AI investment narrative.

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Synaptics Investment Narrative Recap

To own Synaptics, you have to believe its Core IoT and Edge AI platforms can turn current unprofitable operations into a more scalable, higher margin solutions business. The Origin AI and Edgecore collaborations reinforce that bundled connectivity plus on-device AI remains the key near term catalyst, while execution on channel expansion and solution selling still looks like the biggest risk. Overall, the latest announcements refine, rather than fundamentally change, that thesis.

Among the recent updates, the Edgecore AIoT Edge Hub built around Astra SL1620 and Veros SYN4612 most directly connects to this catalyst, because it showcases Synaptics silicon inside a cloud integrated, service provider friendly platform. If Synaptics can repeat that kind of solution level presence with more partners, it could help address the earlier concern about scaling from dozens to thousands of customers and support better utilization of its focused Core IoT roadmap.

Yet, despite these wins, investors should be aware that Synaptics still faces meaningful execution risk around scaling new IoT channels and ...

Synaptics' narrative projects $1.4 billion revenue and $199.2 million earnings by 2028. This requires 9.6% yearly revenue growth and a $247.0 million earnings increase from -$47.8 million today.

Uncover how Synaptics' forecasts yield a $87.18 fair value, a 5% upside to its current price.

Exploring Other Perspectives

Five Simply Wall St Community valuations for Synaptics span about US$71.63 to US$87.18, underscoring how far apart individual views can sit. As you weigh those opinions, keep in mind that Synaptics is still early in its push to scale Core IoT and Edge AI solutions, so execution on new customer channels could significantly shape how that performance unfolds.

Explore 5 other fair value estimates on Synaptics - why the stock might be worth 14% less than the current price!

Build Your Own Synaptics Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Synaptics research is our analysis highlighting 1 key reward that could impact your investment decision.
• Our free Synaptics research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Synaptics' overall financial health at a glance.

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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.