Ed Meyercord: I think, I would say that we would expect it to be fairly consistent with the overall business mix that we report.
Stanley Kovler: Hey. And Dave, I would just add that, you know, we did say in our prepared remarks that the backlog has a good contribution from universal platform products. And so, those are the newer products that we have come out to market with. So we did talk about that.
Dave Kang: Got it. Thank you.
Operator: Thank you. Our next question comes from Christian Schwab with Craig-Hallum. Your line is open.
Tyler Burmeister: Hey, guys. This is Tyler on behalf of Christian. Thanks for letting us ask a question. So I didn’t hear and I was wondering if you could give any update, I think you said last quarter that you expected that your backlog would take multiple years to return to normalized levels. And it probably wouldn’t be back to $50 million to $100 million type normalized level until fiscal ’26. I guess, any update or of that?
Ed Meyercord: Yeah. We still have the same outlook and the way we’ve guided that is, that we see backlog returning to normal by the last quarter of fiscal ’25. And then sort of being normal as we enter ’26. And so, that’s how we model it. And that’s how we’ve seen it. And it’s a combination of strength of demand, because we continue to see strong bookings. And then also just this — the release of backlog in terms of how we forecast supply chain.
Tyler Burmeister: Perfect. That’s great. That’s all for us. Thanks, guys.
Ed Meyercord: Okay.
Operator: Thank you. And it looks like we have a follow-up. One moment. From Alex Henderson with Needham and Company. Your line is open.
Alex Henderson: Great. Thanks. So I wanted to ask a question around the realized pricing and discounting. There was a lot of discussion about very steep price hikes over the last 18 months, pretty much out of everybody in the category as components were going up. But the realization of those prices, even as supply is starting to improve seems a little less than what we would have expected. And it sounds like there’s probably a little bit more discounting going on as the economy is weakened, particularly out of your competitors. So can you talk a bit about what you’re seeing in the pricing arena and how much of the price benefits that you’ve announced or increases you’ve announced are now being discounted out?
Ed Meyercord: Yeah. We’re you know, that’s always the phenomenon Alex, there’s always a price increase and then a portion of the price increase gets discounted away. And so, it really is — it’s kind of a combination of art and science and trying to handicap and forecast that. One thing that I can say is that, the supply chain environment is complicated things. Because as we sell and we put orders into backlog, we have different vintage orders that have different levels of pricing in them, if that makes sense.
Alex Henderson: Yeah.
Ed Meyercord: So one of the things that we have done last quarter, and that we’re looking to do this quarter is released a much older backlog, and that older backlog will not have as many of the pricing moves, if you will, or the price increases in the ASP. So that’s part of kind of what we have to balance. Our view is that the margins are going to come. And we fully expect to see that the step function right now, given the mix issues that we talked about in the quarter, and then the March quarter, we see it stepping into the June quarter before we cross over 60%.
