Jacob Grandstaff's questions to Synaptics Inc (SYNA) leadership • Q4 2025
Question
Jacob Grandstaff, on behalf of Mizuho, asked about the path to achieving the long-term gross margin target of 57% and requested an update on the design funnel for the Astra processor, which was previously cited at $300 million.
Answer
SVP & CFO Ken Rizvi explained that margin improvement is dependent on product mix and the company's ability to differentiate its solutions over the long term. President & CEO Rahul Patel added that new products like the Astra family with Edge AI capabilities are expected to lift the margin mix over time. Regarding the Astra funnel, Rizvi confirmed it is growing nicely and that a specific update would be provided in the next 3-6 months, either at the next earnings call or the Analyst Day.