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Revenue
12 Months Ended
Jun. 28, 2020
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
Deferred Revenue
Revenue of $408.8 million included in deferred profit at June 30, 2019 was recognized during fiscal year 2020.
The following table summarizes the transaction price for contracts that have not yet been recognized as revenue as of June 28, 2020 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
$
463,759

 
$
73,668

(1) 
$

(1) 
$
537,427

(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 following table presents the Company’s revenue disaggregated between system and its customer-support related revenue:
 
Year Ended
 
June 28,
2020
 
June 30,
2019
 
(in thousands)
Systems Revenue
$
6,625,130

 
$
6,451,104

Customer support-related revenue and other
3,419,606

 
3,202,455

 
$
10,044,736

 
$
9,653,559


System revenue includes sales of new leading-edge equipment in deposition, etch and clean markets.
Customer support-related revenue includes sales of customer service, spares, upgrades, and non-leading-edge equipment from the Company’s Reliant product line.
The Company operates in one reportable business segment: manufacturing and servicing of wafer processing semiconductor manufacturing equipment. Refer to Note 20 - 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 leading- and non-leading-edge equipment and upgrade revenue to each of the primary markets we serve:
 
Year Ended
 
June 28,
2020
 
June 30,
2019
Memory
58
%
 
70
%
Foundry
31
%
 
20
%
Logic/integrated device manufacturing
11
%
 
10
%