Revenue From Contracts With Customers (Tables)

9 Months Ended

Oct. 03, 2026

Revenue from Contract with Customer [Abstract]

Summary of disaggregation of revenue

	Three Months Ended								Nine Months Ended
Revenue by Channel (In thousands)	October 3, 2026				September 27, 2025				October 3, 2026				September 27, 2025
Distributors	$	235,503	81	%	$	110,992	83	%	$	587,822	89	%	$	309,339	82	%
Direct		55,532	19	%		22,357	17	%		75,189	11	%		68,131	18	%
Total revenue	$	291,035	100	%	$	133,349	100	%	$	663,011	100	%	$	377,470	100	%
Revenue by Geographical Market (In thousands)
Greater China	$	163,050	56	%	$	64,805	49	%	$	406,203	62	%	$	185,636	49	%
Malaysia		24,769	9	%		11,509	9	%		59,518	9	%		29,056	8	%
Taiwan		17,769	6	%		398	0	%		18,629	3	%		957	0	%
Japan		8,464	3	%		7,301	5	%		14,891	2	%		24,279	6	%
Other Asia		6,883	2	%		2,698	2	%		13,630	2	%		7,498	2	%
Asia		220,935	76	%		86,711	65	%		512,871	78	%		247,426	65	%
Americas		46,449	16	%		24,871	19	%		88,347	13	%		81,751	22	%
Europe		23,651	8	%		21,767	16	%		61,793	9	%		48,293	13	%
Total revenue	$	291,035	100	%	$	133,349	100	%	$	663,011	100	%	$	377,470	100	%

Summary of contract assets and liabilities

Contract assets are included in Prepaid expenses and other current assets on our Consolidated Balance Sheets. The following table summarizes activity during the first nine months of fiscal 2026:

(In thousands)
Contract assets as of January 3, 2026	$	7,669
Contract assets acquired in AMI acquisition		16,123
Revenues recorded during the period		15,828
Transferred to Accounts receivable or collected		(18,457	)
Contract assets as of October 3, 2026	$	21,163

Contract liabilities are included in Accrued liabilities and Other long-term liabilities on our Consolidated Balance Sheets. The following table summarizes activity during the first nine months of fiscal 2026:

(In thousands)
Contract liabilities as of January 3, 2026	$	4,006
Contract liabilities assumed in AMI acquisition		24,668
Unperformed performance obligations		14,552
Revenue recognized from satisfied performance obligations		(9,229	)
Accruals for estimated future stock rotation and scrap returns		6,452
Less: Release of accruals for recognized stock rotation and scrap returns		(3,378	)
Contract liabilities as of October 3, 2026		37,071
Less: Current portion of contract liabilities (included in Accrued liabilities)		(35,020	)
Long-term portion of contract liabilities (included in Other long-term liabilities)	$	2,051