REVENUE

3 Months Ended

Sep. 28, 2025

Revenue from Contract with Customer [Abstract]

REVENUE

REVENUE

Disaggregation of Revenue

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. The Company serves three primary markets: memory, foundry, and logic/integrated device manufacturing.

The following table presents the Company’s revenues disaggregated between systems and customer support-related revenue:

	Three Months Ended
	September 28, 2025		September 29, 2024
	(In thousands)
Systems revenue	$	3,547,565	$	2,392,730
Customer support-related revenue and other	1,776,608		1,775,246
	$	5,324,173	$	4,167,976

Systems revenue includes sales of new leading-edge equipment in deposition, etch, clean and other wafer fabrication 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 following table presents the Company’s revenues disaggregated by geographic region:

	Three Months Ended
	September 28, 2025		September 29, 2024
Revenue:	(In thousands)
China	$	2,282,573	$	1,558,404
Taiwan	1,027,214		615,368
Korea	776,301		762,081
Japan	529,297		301,386
United States	304,716		488,381
Southeast Asia	302,254		244,789
Europe	101,818		197,567
	$	5,324,173	$	4,167,976

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:

	Three Months Ended
	September 28, 2025		September 29, 2024
Foundry	60	%	41	%
Memory	34	%	35	%
Logic/integrated device manufacturing	6	%	24	%

Deferred Revenue

Revenue of $996.6 million included in deferred profit at June 29, 2025 was recognized during the three months ended September 28, 2025, representing 37% of the $2,681.1 million of deferred revenue as of June 29, 2025.

The following table summarizes the transaction price for contracts that have not yet been recognized as revenue as of September 28, 2025 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	$	2,187,323	$	515,473	(1)	$	66,407	(1)	$	2,769,203

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