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Operating Segment, Geographic Information and Significant Customers
 3 Months Ended
Oct. 02, 2026
Segment Reporting [Abstract]  
Operating Segment, Geographic Information and Significant Customers Operating Segment, Geographic Information and Significant Customers
Operating segments are defined as components of an enterprise evaluated regularly by the Company's chief executive officer who acts as its Chief Operating Decision Maker ("CODM") in deciding how to allocate resources and assess performance. The Company evaluated its internal organization under FASB ASC 280, Segment Reporting (“ASC 280”) to determine whether there has been a change to its conclusion of a single operating and reportable segment. The Company concluded there have been no changes given the CODM continues to evaluate and manage the Company on the basis of one operating and reportable segment. The Company utilized the management approach for determining its operating segment in accordance with ASC 280.
The CODM utilizes Net income (loss) that is reported on the Consolidated Statements of Operations and Comprehensive Income (Loss) to assess operating performance and make decisions related to resource allocation. The Company's significant segment expenses include stock-based compensation and depreciation which are disclosed in Note K and Note E, respectively. Any other significant segment expenses, including interest expense, which are regularly provided to the CODM are provided on the Consolidated Statements of Operations and Comprehensive Income (Loss). The Company's segment assets are reported on the Consolidated Balance Sheets as Total Assets and its segment purchase of property plant and equipment are disclosed in Note E.
The geographic distribution of the Company’s revenues as determined by country in which the Company's legal subsidiary is domiciled is summarized as follows:
U.S.EuropeEliminationsTotal
FIRST QUARTER ENDED OCTOBER 2, 2026
Net revenues to unaffiliated customers$246,373 $6,780 $— $253,153 
Inter-geographic revenues6,938 5,928 (12,866)— 
Net revenues$253,311 $12,708 $(12,866)$253,153 
FIRST QUARTER ENDED SEPTEMBER 26, 2025
Net revenues to unaffiliated customers$211,998 $13,211 $— $225,209 
Inter-geographic revenues2,301 2,486 (4,787)— 
Net revenues$214,299 $15,697 $(4,787)$225,209 
The geographic distribution of the Company’s identifiable long-lived assets is summarized as follows:
U.S.EuropeTotal
October 2, 2026$107,254 $3,066 $110,320 
July 3, 2026$103,265 $3,435 $106,700 
Identifiable long-lived assets exclude right-of-use assets, goodwill, and intangible assets.
The Company offers a broad family of products and processing solutions designed to meet the full range of requirements in compute-intensive, signal processing, image processing and command and control applications. To maintain a competitive advantage, the Company seeks to leverage technology investments across multiple lines of business and product solutions.
The Company’s products are typically compute-intensive and require extremely high bandwidth and high throughput. These processing solutions often must also meet significant size, weight and power ("SWaP") constraints for use in aircraft, unmanned aerial vehicles, ships and other platforms and be ruggedized for use in harsh environments. The Company's products transform the massive streams of digital data created in these applications into usable information in real time. The systems can scale from a few processors to thousands of processors.
The following tables present revenue consistent with the Company's strategy of expanding its technological capabilities and program content. As additional information related to the Company’s products by end user, application, product grouping and/or platform is attained, the categorization of these products can vary over time. When this occurs, the Company reclassifies revenue by end user, application, product grouping and/or platform for prior periods. Such reclassifications typically do not materially change the underlying trends of results within each revenue category.
The following table presents the Company's net revenue by end user for the periods presented:
First Quarters Ended
October 2, 2026September 26, 2025
Domestic(1)
$220,170 $187,923 
International/Foreign Military Sales(2)
32,983 37,286 
Total Net Revenue$253,153 $225,209 
(1) Domestic revenues consist of sales where the end user is within the U.S., as well as sales to prime defense contractor customers where the ultimate end user location is not defined. 
(2) International/Foreign Military Sales consist of sales to U.S. prime defense contractor customers where the end user is outside the U.S., foreign military sales through the U.S. government, and direct sales to non-U.S. based customers intended for end use outside of the U.S.
The following table presents the Company's net revenue by end application for the periods presented:
First Quarters Ended
October 2, 2026September 26, 2025
Radar(1)
$56,709 $30,190 
Electronic Warfare(2)
33,768 20,999 
Other Sensor & Effector(3)
40,247 29,765 
Total Sensor & Effector130,724 80,954 
C4I(4)
88,333 111,466 
Other(5)
34,096 32,789 
Total Net Revenue$253,153 $225,209 
(1) Radar includes end-use applications where radio frequency signals are utilized to detect, track and identify objects.
(2) Electronic Warfare includes end-use applications comprising the offensive and defensive use of the electromagnetic spectrum.
(3) Other Sensor and Effector products include all Sensor and Effector end markets other than Radar and Electronic Warfare.
(4) C4I includes rugged secure rackmount servers that are designed to drive the most powerful military processing applications.
(5) Other products include all component and other sales where the end use is not specified.
The following table presents the Company's net revenue by product grouping for the periods presented:
First Quarters Ended
October 2, 2026September 26, 2025
Components(1)
$63,313 $45,499 
Modules and Sub-assemblies(2)
67,337 66,196 
Integrated Solutions(3)
122,503 113,514 
Total Net Revenue$253,153 $225,209 
(1) Components represent the basic building blocks of an electronic system. They generally perform a single function such as switching, storing or converting electronic signals. Some examples include power amplifiers and limiters, switches, oscillators, filters, equalizers, digital and analog converters, chips, MMICs (monolithic microwave integrated circuits) and memory and storage devices.
(2) Modules and sub-assemblies combine multiple components to serve a range of complex functions, including processing, networking and graphics display. Typically delivered as computer boards or other packaging, modules and sub-assemblies are usually designed using open standards to provide interoperability when integrated in a subsystem. Examples of modules and sub-assemblies include embedded processing boards, switched fabrics and boards for high-speed input/output, digital receivers, graphics and video, along with multi-chip modules, integrated radio frequency and microwave multi-function assemblies and radio frequency tuners and transceivers.
(3) Integrated solutions bring components, modules and/or sub-assemblies into one system, enabled with software. Subsystems are typically, but not always, integrated within an open standards-based chassis and often feature interconnect technologies to enable communication between disparate systems. Spares and replacement modules and sub-assemblies are provided for use with subsystems sold by the Company. The Company’s subsystems are deployed in sensor processing, aviation and mission computing and C4I applications.
The following table presents the Company's net revenue by platform for the periods presented:
First Quarters Ended
October 2, 2026September 26, 2025
Airborne(1)
$97,153 $94,994 
Land(2)
58,683 42,883 
Naval(3)
23,613 19,639 
Space(4)
18,675 18,475 
Other(5)
55,029 49,218 
Total Net Revenues$253,153 $225,209 
(1) Airborne platform includes products that relate to personnel, equipment or pieces of equipment designed for airborne applications.
(2) Land platform includes products that relate to fixed or mobile equipment, or pieces of equipment for personnel, weapon systems, vehicles and support elements operating on land.
(3) Naval platform includes products that relate to personnel, equipment or pieces of equipment designed for naval operations.
(4) Space platform includes products that relate to personnel, equipment or pieces of equipment designed for space operations.
(5) All platforms other than Airborne, Land, Naval, or Space.
Customers comprising 10% or more of the Company’s revenues for the periods shown are as follows:
First Quarters Ended
October 2, 2026September 26, 2025
RTX Corporation17 %10 %
Northrop Grumman11 %10 %
U.S. Navy10 %*
Lockheed Martin Corporation*13 %
38 %33 %
*    Indicates that the amount is less than 10% of the Company's revenue for the respective period.
While the Company typically has customers from which it derives 10% or more of its revenue, the sales to each of these customers are spread across multiple programs and platforms. There were no programs comprising 10% or more of the Company’s revenues for the first quarters ended October 2, 2026 and September 26, 2025.