Revenue

12 Months Ended

Jun. 30, 2019

Revenue from Contract with Customer [Abstract]

Deferred Revenue

Revenue of $593.7 million included in deferred profit at June 25, 2018 was recognized during fiscal year 2019.

The following table summarizes the transaction price for contracts that have not yet been recognized as revenue as of June 30, 2019 and when the Company expects to recognize the amounts as revenue:



	Less than 1 Year		1-3 Years			More than 3 Years			Total
	(in thousands)
Deferred revenue	$	404,544	$	42,309	⁽¹⁾	$	2,452	⁽¹⁾	$	449,305


(1)	This amount is reported in Deferred profit on the Company's Consolidated Balance Sheets as the customers can demand the liability to be performed at any time.

Disaggregation of Revenue

The Company operates in one reportable business segment: manufacturing and servicing of wafer processing semiconductor manufacturing equipment. Refer to Note 19 - Segment, Geographic Information, and Major Customers; for additional information regarding the Company’s evaluation of reportable business segments and the disaggregation of revenue by the geographic regions the Company operates in.

Additionally, the Company serves three primary markets: memory, foundry, logic/integrated device manufacturing. The following table presents the percentages of system revenues to each of the primary markets we serve:



	Year Ended
	June 30, 2019
Memory	70	%
Foundry	20	%
Logic/integrated device manufacturing	10	%