Revenue from Contracts with Customers

9 Months Ended

Mar. 31, 2025

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 end market ($000):

	Three Months Ended March 31, 2025								Nine Months Ended March 31, 2025
	Networking		Materials		Lasers		Total		Networking		Materials		Lasers		Total
Industrial	$	15,290	$	135,640	$	288,616	$	439,546	$	43,521	$	381,667	$	858,743	$	1,283,931
Communications	872,807		24,182		—		896,989		2,404,825		89,554		—		2,494,379
Electronics	1,948		63,790		(18)		65,720		5,912		214,271		—		220,183
Instrumentation	7,272		13,060		75,292		95,624		21,844		32,082		228,260		282,186
Total Revenues	$	897,317	$	236,672	$	363,890	$	1,497,879	$	2,476,102	$	717,574	$	1,087,003	$	4,280,679

	Three Months Ended March 31, 2024								Nine Months Ended March 31, 2024
	Networking		Materials		Lasers		Total		Networking		Materials		Lasers		Total
Industrial	$	16,361	$	134,516	$	270,301	$	421,178	$	47,072	$	404,847	$	796,961	$	1,248,880
Communications	593,223		22,568		—		615,791		1,538,847		56,804		—		1,595,651
Electronics	1,643		71,970		—		73,613		4,820		247,314		—		252,134
Instrumentation	7,597		9,928		80,702		98,227		25,169		28,335		243,157		296,661
Total Revenues	$	618,824	$	238,982	$	351,003	$	1,208,809	$	1,615,908	$	737,300	$	1,040,118	$	3,393,326

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 nine months ended March 31, 2025, we recognized revenue of $52 million related to customer payments that were included as contract liabilities in the Condensed Consolidated Balance Sheet as of June 30, 2024. We had $80 million of contract liabilities recorded in the Condensed Consolidated Balance Sheet as of March 31, 2025. As of March 31, 2025, $69 million of contract liabilities is included within Other accrued liabilities, and $11 million is included within Other liabilities on the Condensed Consolidated Balance Sheet.