Revenue

12 Months Ended

Jun. 27, 2021

Revenue from Contract with Customer [Abstract]

Revenue

Revenue

Deferred Revenue

Revenue of $452.8 million included in deferred profit at June 28, 2020 was recognized during fiscal year 2021.

The following table summarizes the transaction price for contracts that have not yet been recognized as revenue as of June 27, 2021 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	$	955,157	$	163,650	(1)	$	—	$	1,118,807

(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 27, 2021		June 28, 2020		June 30, 2019
	(in thousands)
Systems Revenue	$	9,764,845	$	6,625,130	$	6,451,104
Customer support-related revenue and other	4,861,305		3,419,606		3,202,455
	$	14,626,150	$	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 in which the Company operates.

Additionally, the Company serves three primary markets: memory, foundry, and 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 the Company serves:

	Year Ended
	June 27, 2021		June 28, 2020		June 30, 2019
Memory	61	%	58	%	70	%
Foundry	32	%	31	%	20	%
Logic/integrated device manufacturing	7	%	11	%	10	%