XML 36 R22.htm IDEA: XBRL DOCUMENT v3.25.4
SEGMENT REPORTING
 6 Months Ended
Dec. 28, 2025
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
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.
Segment information is prepared and managed on the same basis as described in Note 19, “Segment, Geographic Information, and Major Customers,” to the Consolidated Financial Statements in Part II, Item 8 of the Company’s 2025 Form 10-K.
The Company's centralized manufacturing and support organizations, including global operations and certain administrative functions, provide support to its operating segments. Costs incurred by these organizations, as well as depreciation and amortization and equity-based compensation expense are allocated to cost of goods sold as overhead. Consequently, depreciation and amortization and equity-based compensation expense are not independently identifiable components within the segment’s results, and, therefore are not provided.
With the exception of goodwill, the Company does not identify assets by operating segment. Consequently, the chief operating decision maker does not regularly review or receive discrete asset information by operating segment.
The table below reconciles the Company's reportable segment to income before income taxes:
Three Months EndedSix Months Ended
December 28,
2025		December 29
2024		December 28,
2025		December 29,
2024
(In thousands)
Revenue$5,344,791 $4,376,047 $10,668,964 $8,544,023 
Installation and warranty expense140,330 124,432 281,805 249,095 
Other cost of goods sold (COGS) (1)
2,459,861 2,115,592 4,870,846 4,084,487 
Segment COGS2,600,191 2,240,024 5,152,651 4,333,582 
Segment gross margin2,744,600 2,136,023 5,516,313 4,210,441 
Reconciliation to consolidated gross margin
All other COGS93,438 63,042 180,272 134,777 
Gross margin2,651,162 2,072,981 5,336,041 4,075,664 
Research and development573,305 494,947 1,149,751 990,305 
Selling, general, and administrative267,654 244,150 546,999 487,278 
Other income (expense), net26,410 14,262 56,484 44,343 
Income before income taxes$1,836,613 $1,348,146 $3,695,775 $2,642,424 
(1)Other COGS is primarily comprised of the capitalized cost of inventory sold, including both direct and indirect costs, but excludes installation and warranty expense and those items not allocated to the segment.