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v3.23.1

SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Tables) | 9 Months Ended
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Mar. 31, 2023
Segment Reporting [Abstract] |
Schedule of Results for Reportable Segments | The following is a summary of results for each of our three reportable segments for the indicated periods:
| Three Months Ended March 31, |  | Nine Months Ended March 31,
(In thousands) | 2023 |  | 2022 |  | 2023 |  | 2022
Semiconductor Process Control: |  |  |  |  |  |  |
Revenues | $ | 2,171,557 |  |  | $ | 1,979,295 |  |  | $ | 7,226,711 |  |  | $ | 5,810,580 |
Segment gross profit | 1,367,886 |  |  | 1,284,450 |  |  | 4,622,905 |  |  | 3,789,316 |
Specialty Semiconductor Process: |  |  |  |  |  |  |
Revenues | 128,438 |  |  | 117,253 |  |  | 414,390 |  |  | 332,020 |
Segment gross profit | 65,328 |  |  | 61,521 |  |  | 216,408 |  |  | 176,516 |
PCB, Display and Component Inspection: |  |  |  |  |  |  |
Revenues | 131,923 |  |  | 192,533 |  |  | 502,627 |  |  | 583,318 |
Segment gross profit | 43,361 |  |  | 93,298 |  |  | 182,899 |  |  | 270,096 |
Totals: |  |  |  |  |  |  |
Revenues for reportable segments | $ | 2,431,918 |  |  | $ | 2,289,081 |  |  | $ | 8,143,728 |  |  | $ | 6,725,918 |
Segment gross profit | $ | 1,476,575 |  |  | $ | 1,439,269 |  |  | $ | 5,022,212 |  |  | $ | 4,235,928 |
Schedule of Reconciliation of Total Reportable Segments Revenue to Total Revenue | The following table reconciles total revenues for reportable segments to total revenues for the indicated periods:
| Three Months Ended March 31, |  | Nine Months Ended March 31,
(In thousands) | 2023 |  | 2022 |  | 2023 |  | 2022
Total revenues for reportable segments | $ | 2,431,918 |  |  | $ | 2,289,081 |  |  | $ | 8,143,728 |  |  | $ | 6,725,918 |
Corporate allocations and effects of changes in foreign currency exchange rates | 690 |  |  | (405) |  |  | (2,809) |  |  | (774) |
Total revenues | $ | 2,432,608 |  |  | $ | 2,288,676 |  |  | $ | 8,140,919 |  |  | $ | 6,725,144 |
Schedule of Reconciliation of Total Segment Gross Profit to Income Before Income Taxes | The following table reconciles total segment gross profit to income before income taxes for the indicated periods:
| Three Months Ended March 31, |  | Nine Months Ended March 31,
(In thousands) | 2023 |  | 2022 |  | 2023 |  | 2022
Total segment gross profit | $ | 1,476,575 |  |  | $ | 1,439,269 |  |  | $ | 5,022,212 |  |  | $ | 4,235,928 |
Acquisition-related charges, corporate allocations, and effects of changes in foreign currency exchange rates(1) | 49,313 |  |  | 42,684 |  |  | 136,651 |  |  | 124,661 |
R&D | 328,276 |  |  | 285,189 |  |  | 979,617 |  |  | 808,373 |
SG&A | 238,393 |  |  | 216,489 |  |  | 735,469 |  |  | 623,229 |
Interest expense | 74,774 |  |  | 39,978 |  |  | 223,449 |  |  | 116,142 |
Loss on extinguishment of debt | — |  |  | — |  |  | 13,286 |  |  | — |
Other expense (income), net | (14,864) |  |  | 8,644 |  |  | (79,944) |  |  | 23,985 |
Income before income taxes | $ | 800,683 |  |  | $ | 846,285 |  |  | $ | 3,013,684 |  |  | $ | 2,539,538 |
__________________ (1)Acquisition-related charges primarily include amortization of intangible assets, amortization of inventory fair value adjustments and other acquisition-related costs classified or presented as part of costs of revenues.
Schedule of Revenues by Geographic Region | The following is a summary of revenues by geographic region, based on ship-to location, for the indicated periods:
(Dollar amounts in thousands) | Three Months Ended March 31, |  | Nine Months Ended March 31,
2023 |  | 2022 |  | 2023 |  | 2022
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
China | $ | 635,018 |  |  | 26 | % |  | $ | 709,502 |  |  | 31 | % |  | $ | 2,156,380 |  |  | 26 | % |  | $ | 1,939,195 |  |  | 29 | %
Taiwan | 478,855 |  |  | 20 | % |  | 515,097 |  |  | 22 | % |  | 1,996,188 |  |  | 24 | % |  | 1,918,623 |  |  | 29 | %
Korea | 468,226 |  |  | 19 | % |  | 474,019 |  |  | 21 | % |  | 1,466,624 |  |  | 18 | % |  | 1,036,297 |  |  | 16 | %
North America | 341,376 |  |  | 14 | % |  | 219,267 |  |  | 10 | % |  | 941,771 |  |  | 12 | % |  | 668,601 |  |  | 10 | %
Japan | 215,531 |  |  | 9 | % |  | 132,829 |  |  | 6 | % |  | 702,986 |  |  | 9 | % |  | 504,278 |  |  | 7 | %
Europe and Israel | 209,136 |  |  | 9 | % |  | 164,246 |  |  | 7 | % |  | 542,823 |  |  | 7 | % |  | 426,881 |  |  | 6 | %
Rest of Asia | 84,466 |  |  | 3 | % |  | 73,716 |  |  | 3 | % |  | 334,147 |  |  | 4 | % |  | 231,269 |  |  | 3 | %
Total | $ | 2,432,608 |  |  | 100 | % |  | $ | 2,288,676 |  |  | 100 | % |  | $ | 8,140,919 |  |  | 100 | % |  | $ | 6,725,144 |  |  | 100 | %
Schedule of Revenues by Major Products | The following is a summary of revenues by major product categories for the indicated periods:
(Dollar amounts in thousands) | Three Months Ended March 31, |  | Nine Months Ended March 31,
2023 |  | 2022 |  | 2023 |  | 2022
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Wafer Inspection | $ | 1,027,191 |  |  | 42 | % |  | $ | 919,072 |  |  | 40 | % |  | $ | 3,386,273 |  |  | 42 | % |  | $ | 2,910,616 |  |  | 43 | %
Patterning | 611,631 |  |  | 25 | % |  | 610,821 |  |  | 27 | % |  | 2,206,263 |  |  | 27 | % |  | 1,559,197 |  |  | 23 | %
Specialty Semiconductor Process | 114,896 |  |  | 5 | % |  | 105,832 |  |  | 5 | % |  | 374,882 |  |  | 5 | % |  | 303,884 |  |  | 5 | %
PCB, Display and Component Inspection | 69,495 |  |  | 3 | % |  | 123,384 |  |  | 5 | % |  | 312,582 |  |  | 4 | % |  | 383,021 |  |  | 6 | %
Services | 529,124 |  |  | 22 | % |  | 488,017 |  |  | 21 | % |  | 1,578,418 |  |  | 19 | % |  | 1,398,828 |  |  | 21 | %
Other | 80,271 |  |  | 3 | % |  | 41,550 |  |  | 2 | % |  | 282,501 |  |  | 3 | % |  | 169,598 |  |  | 2 | %
Total | $ | 2,432,608 |  |  | 100 | % |  | $ | 2,288,676 |  |  | 100 | % |  | $ | 8,140,919 |  |  | 100 | % |  | $ | 6,725,144 |  |  | 100 | %
Schedule of Long-Lived Assets by Geographic Region | Land, property and equipment, net by geographic region as of the dates indicated below were as follows:
| As of |  | As of
(In thousands) | March 31, 2023 |  | June 30, 2022
Land, property and equipment, net: |  |  |
United States | $ | 644,799 |  |  | $ | 547,454 |
Singapore | 152,275 |  |  | 146,057 |
Israel | 88,277 |  |  | 72,791 |
Europe | 60,827 |  |  | 55,370 |
Rest of Asia | 38,093 |  |  | 28,257 |
Total | $ | 984,271 |  |  | $ | 849,929 |

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