Revenue from Contracts with Customers

6 Months Ended

Dec. 31, 2024

Revenue from Contract with Customer [Abstract]

Revenue from Contracts with Customers

Revenue from Contracts with Customers

We believe that disaggregating revenue by end market provides the most relevant information regarding the nature, amount, timing, and uncertainty of revenues and cash flows.

The following tables summarize disaggregated revenue by market ($000):

	Three Months Ended December 31, 2024								Six Months Ended December 31, 2024
	Networking		Materials		Lasers		Total		Networking		Materials		Lasers		Total
Industrial	$	13,851	$	126,381	$	297,213	$	437,445	$	28,231	$	246,027	$	570,127	$	844,385
Communications	792,862		30,237		—		823,099		1,532,018		65,372		—		1,597,390
Electronics	1,793		76,424		18		78,235		3,964		150,481		18		154,463
Instrumentation	7,407		10,433		78,046		95,886		14,572		19,022		152,968		186,562
Total Revenues	$	815,913	$	243,475	$	375,277	$	1,434,665	$	1,578,785	$	480,902	$	723,113	$	2,782,800

	Three Months Ended December 31, 2023								Six Months Ended December 31, 2023
	Networking		Materials		Lasers		Total		Networking		Materials		Lasers		Total
Industrial	$	14,746	$	137,128	$	271,494	$	423,368	$	30,711	$	270,331	$	526,660	$	827,702
Communications	499,350		20,984		—		520,334		945,624		34,236		—		979,860
Electronics	1,453		87,279		—		88,732		3,177		175,344		—		178,521
Instrumentation	8,686		8,287		82,027		99,000		17,572		18,407		162,455		198,434
Total Revenues	$	524,235	$	253,678	$	353,521	$	1,131,434	$	997,084	$	498,318	$	689,115	$	2,184,517

Contract Liabilities

Payments received from customers are based on invoices or billing schedules as established in contracts with customers. Contract liabilities generally relate to payments received in advance of performance under the contract. Contract liabilities are recognized as revenue when the performance obligations have been satisfied. During the six months ended December 31, 2024, we recognized revenue of $41 million related to customer payments that were included as contract liabilities in the Condensed Consolidated Balance Sheet as of June 30, 2024. We had $65 million of contract liabilities recorded in the Condensed Consolidated Balance Sheet as of December 31, 2024. As of December 31, 2024, $52 million of contract liabilities is included within Other accrued liabilities, and $13 million is included within Other liabilities on the Condensed Consolidated Balance Sheet.