Segment, Geographic Information and Major Customers

12 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Segment, Geographic Information and Major Customers

Segment, Geographic Information, and Major Customers

The Company operates in one reportable business segment: manufacturing and servicing of wafer processing semiconductor manufacturing equipment. The Company’s material operating segments qualify for aggregation due to their customer base and similarities in economic characteristics, nature of products and services, and processes for procurement, manufacturing, and distribution.

The Company operates in seven geographic regions: United States, China, Europe, Japan, Korea, Southeast Asia, and Taiwan. For geographical reporting, revenue is attributed to the geographic location in which the customers’ facilities are located, while long-lived assets; which includes property and equipment, net, and recognized right of use assets reported in Other assets in the Consolidated Balance Sheets as of June 30, 2024 and June 25, 2023; are attributed to the geographic locations in which the assets are located.

Revenues and long-lived assets by geographic region were as follows: 

	Year Ended
	June 30, 2024		June 25, 2023		June 26, 2022
Revenue:	(in thousands)
China	$	6,293,990	$	4,462,663	$	5,411,502
Korea	2,874,015		3,551,742		4,037,467
Taiwan	1,671,815		3,477,862		2,936,482
Japan	1,460,429		1,758,364		1,624,573
United States	1,104,087		1,665,136		1,147,346
Southeast Asia	794,054		1,354,471		1,357,648
Europe	706,996		1,158,278		712,021
Total revenue	$	14,905,386	$	17,428,516	$	17,227,039

	June 30, 2024		June 25, 2023		June 26, 2022
Long-lived assets:	(in thousands)
United States	$	1,582,103	$	1,367,534	$	1,276,274
Southeast Asia	390,514		339,415		248,029
Korea	262,405		215,898		183,809
Europe	115,316		93,732		77,658
Taiwan	98,268		65,432		72,845
Japan	7,858		8,452		8,406
China	6,390		8,865		7,214
	$	2,462,854	$	2,099,328	$	1,874,235

In fiscal year 2024, one customer accounted for approximately 17% of total revenues. In fiscal year 2023, two customers accounted for approximately 22% and 16% of total revenues, respectively. In fiscal year 2022, four customers accounted for approximately 21%, 12%, 12%, and 11% of total revenues, respectively. No other customers accounted for 10% or more of total revenues.