Revenues from contracts with customers (Tables)

9 Months Ended

Mar. 29, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue by Geographical Regions

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 America	271,876		37.2	%	771,814		36.3	%
Asia-Pacific and others
Israel (2)	275,022				752,736
India	63,055				208,865
Malaysia	30,993				100,938
Hong Kong	15,147				43,085
Thailand	13,059				36,489
China	12,309				53,831
Japan	5,772				18,408
Others	1,655				4,390
Total revenue in Asia-Pacific and others	417,012		57.0	%	1,218,742		57.2	%
Europe
U.K.	18,164				66,808
Germany	10,148				33,323
Others	14,335				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 America	316,135		47.5	%	988,791		49.7	%
Asia-Pacific and others
India	85,731				247,942
Israel	85,562				182,732
Hong Kong	37,120				109,315
Malaysia	30,688				130,402
Thailand	16,706				45,420
China	11,194				60,738
Japan	10,044				32,129
Others	2,896				7,957
Total revenue in Asia-Pacific and others	279,941		42.1	%	816,635		41.1	%
Europe
U.K.	40,292				103,440
Germany	14,532				40,975
Others	14,381				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.

Schedule of Revenues by End Market and Product

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
Telecom	285,970				856,997
Total revenue - Optical communications	$	591,448	80.9	%	$	1,692,639	79.5	%
Non-optical communications
Automotive	$	73,636			$	241,166
Industrial laser	30,319				90,582
Others	36,132				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
Telecom	380,230				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 laser	31,040				97,396
Others	37,519				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	%

Schedule of Activity in the Company's Contract Assets and Liabilities

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 period	9,131
Revenue recognized	(5,301)
Ending balance, March 29, 2024	$	6,866