Synaptics Incorporated (SYNA)

Gross profit margin

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Gross profit	US$ in thousands	480,400	439,800	715,900	943,100	611,200
Revenue	US$ in thousands	1,074,300	959,400	1,355,100	1,739,700	1,339,600
Gross profit margin		44.72%	45.84%	52.83%	54.21%	45.63%

June 30, 2025 calculation

Gross profit margin = Gross profit ÷ Revenue
= $480,400K ÷ $1,074,300K
= 44.72%

The gross profit margin of Synaptics Incorporated has exhibited notable fluctuations over the analyzed period from June 30, 2021, to June 30, 2025. Specifically, the margin increased from 45.63% in 2021 to a peak of 54.21% in 2022, indicating an improvement in the company’s ability to generate gross profit relative to its revenue. This upward trend suggests enhancements in cost management, pricing strategies, or a more favorable product mix during this period.

However, following this peak, the gross profit margin experienced a decline, falling to 52.83% in 2023. Although still above the 2021 level, this decrease reflects potential pressures on gross profitability, which could be attributed to rising costs, intensified competition, or changes in product pricing.

The downward trend persisted into the subsequent fiscal years, with the margin decreasing further to 45.84% in 2024 and continued decline to 44.72% in 2025. This sustained reduction indicates ongoing challenges in maintaining gross profitability, possibly due to competitive dynamics, increased manufacturing costs, or other operational factors impacting gross margins.

Overall, the gross profit margin trend reveals an initial phase of improvement followed by a period of decline, culminating in a margin close to the 2021 levels by 2025. These movements suggest that while the company experienced a period of enhanced profitability ability, recent years have seen margin compression, which warrants further analysis into underlying cost structures and market conditions.