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Revenues from contracts with customers
 9 Months Ended
Mar. 29, 2024
Revenue from Contract with Customer [Abstract]  
Revenues from contracts with customers Revenues from contracts with customers
Revenue by Geographic Area, End Market and Product Category
Revenues are attributed to a particular geographic area based on the bill-to-location of the Company’s customers. The Company operates in three geographic regions: North America; Asia-Pacific and others; and Europe.
The following table presents total revenues by geographic region:
(in thousands, except percentages)Three Months Ended
March 29, 2024		As a % of Total
Revenues		Nine Months Ended
March 29, 2024		As a % of Total
Revenues
North America
   U.S.$268,475 $761,622 
Others (1)
3,401 10,192 
Total revenue in North America271,876 37.2 %771,814 36.3 %
Asia-Pacific and others
   Israel (2)
275,022 752,736 
   India63,055 208,865 
   Malaysia30,993 100,938 
   Hong Kong15,147 43,085 
   Thailand13,059 36,489 
   China12,309 53,831 
   Japan5,772 18,408 
   Others1,655 4,390 
Total revenue in Asia-Pacific and others417,012 57.0 %1,218,742 57.2 %
Europe
   U.K.18,164 66,808 
   Germany10,148 33,323 
   Others14,335 39,019 
Total revenue in Europe$42,647 5.8 %$139,150 6.5 %
Total revenue$731,535 100.0 %$2,129,706 100.0 %
(in thousands, except percentages)Three Months Ended
March 31, 2023		As a % of Total
Revenues		Nine Months Ended
March 31, 2023		As a % of Total
Revenues
North America
   U.S.$310,100 $975,098 
Others (1)
6,035 13,693 
Total revenue in North America316,135 47.5 %988,791 49.7 %
Asia-Pacific and others
   India85,731 247,942 
   Israel85,562 182,732 
   Hong Kong37,120 109,315 
   Malaysia30,688 130,402 
   Thailand16,706 45,420 
   China11,194 60,738 
   Japan10,044 32,129 
   Others2,896 7,957 
Total revenue in Asia-Pacific and others279,941 42.1 %816,635 41.1 %
Europe
   U.K.40,292 103,440 
   Germany14,532 40,975 
   Others14,381 39,525 
Total revenue in Europe$69,205 10.4 %$183,940 9.2 %
Total revenue$665,281 100.0 %$1,989,366 100.0 %
(1)Others includes revenues from external customers based in our country of domicile, the Cayman Islands, which for each year presented is $0.
(2)Due to increase in revenue from a significant customer.
The following table presents revenues by end market and product category:
(in thousands, except percentages)Three Months Ended
March 29, 2024		As a % of Total
Revenues		Nine Months Ended
March 29, 2024		As a % of Total
Revenues
Optical communications
Datacom$305,478 $835,642 
Telecom285,970 856,997 
Total revenue - Optical communications$591,448 80.9 %$1,692,639 79.5 %
Non-optical communications
Automotive$73,636 $241,166 
Industrial laser30,319 90,582 
Others36,132 105,319 
Total revenue - Non-optical communications$140,087 19.1 %$437,067 20.5 %
Total revenue$731,535 100.0 %$2,129,706 100.0 %
(in thousands, except percentages)Three Months Ended
March 31, 2023		As a % of Total
Revenues		Nine Months Ended
March 31, 2023		As a % of Total
Revenues
Optical communications
Datacom$122,385 $328,271 
Telecom380,230 1,177,961 
Total revenue - Optical communications$502,615 75.5 %$1,506,232 75.7 %
Non-optical communications
Automotive$94,107 $275,704 
Industrial laser31,040 97,396 
Others37,519 110,034 
Total revenue - Non-optical communications$162,666 24.5 %$483,134 24.3 %
Total revenue$665,281 100.0 %$1,989,366 100.0 %
Contract Assets and Liabilities
A contract asset is recognized when the Company has recognized revenues, but has not yet issued an invoice to its customer for payment. Contract assets are recognized in the unaudited condensed consolidated balance sheets under other current assets and transferred to accounts receivable when rights to payment become unconditional.
As of March 29, 2024 and June 30, 2023, the Company's contract assets are de minimis.
A contract liability is recognized when the Company has advance payment arrangements with customers. Contract liabilities are recognized in the unaudited condensed consolidated balance sheets under other payables. The contract liabilities balance is normally recognized as revenue within six months.
The following tables summarize the activity in the Company’s contract liabilities during the nine months ended March 29, 2024:
(in thousands)Contract
Liabilities
Beginning balance, June 30, 2023
$3,036 
Advance payments received during the period9,131 
Revenue recognized(5,301)
Ending balance, March 29, 2024
$6,866