Synaptics Incorporated (NASDAQ:SYNA) Q3 2024 Earnings Call Transcript

So the sum total of those obviously gives us a lot of confidence in that wireless business. We would expect we haven’t seen that snap back to $200 million, but we’d expect to get there and beyond as time goes forward.

Peter Peng: And then my thoughts on your mobile. So, that low-single-digit, that’s like almost a $9 million to $10 million revenue drop off per quarter. And so you have and you talked about, potentially winning some in the mid-tier Android space and then you combine that with the Android recovery. So, like, as we kind of think about fiscal ’25 for your mobile, is this going to be flat, down, up? Any indication would be helpful.

Michael Hurlston: Yes, I mean, probably I would say too early to call. You got the puts and takes right. I mean, I think that in general, we’ll be sort of a low-double-digits type of hole that we have to fill due to the DDIC socket. I think the numbers are about right and we’ve talked about that on lots of different calls. So I think that you have the framing of it roughly correct. We are winning, we did really well last year with flipping one of the large Android customers over. We seem to be holding up really well in China. So our China handset business is very, very strong and we have high market share. We do as you called out, we expect to win now in the mid-tier. So kind of the sum total of that, I would expect that on balance, flattish is probably where we end up in that business, but again, too early to sort of call.

Operator: Thank you. I’m showing no further questions at this time. I would now like to turn it back to Michael Hurlston, CEO for closing remarks.

Michael Hurlston: I’d just like to thank all of you for joining us today. We look forward to speaking to you at our upcoming investor conferences during the quarter. Thanks a lot.

Operator: Thank you for your participation in today’s conference. This does conclude the program. You may now disconnect.