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SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Tables) | 6 Months Ended
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Dec. 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 December 31, |  | Six Months Ended December 31,
(In thousands) | 2023 |  | 2022 |  | 2023 |  | 2022
Semiconductor Process Control: |  |  |  |  |  |  |
Revenues | $ | 2,194,079 |  |  | $ | 2,657,395 |  |  | $ | 4,329,557 |  |  | $ | 5,055,154 |
Segment gross profit | 1,418,339 |  |  | 1,678,037 |  |  | 2,804,868 |  |  | 3,255,019 |
Specialty Semiconductor Process: |  |  |  |  |  |  |
Revenues | 150,065 |  |  | 158,085 |  |  | 276,784 |  |  | 285,952 |
Segment gross profit | 81,278 |  |  | 84,040 |  |  | 150,579 |  |  | 151,080 |
PCB, Display and Component Inspection: |  |  |  |  |  |  |
Revenues | 143,032 |  |  | 169,959 |  |  | 279,075 |  |  | 370,704 |
Segment gross profit | 57,165 |  |  | 53,864 |  |  | 96,985 |  |  | 139,538 |
Totals: |  |  |  |  |  |  |
Revenues for reportable segments | $ | 2,487,176 |  |  | $ | 2,985,439 |  |  | $ | 4,885,416 |  |  | $ | 5,711,810 |
Segment gross profit | $ | 1,556,782 |  |  | $ | 1,815,941 |  |  | $ | 3,052,432 |  |  | $ | 3,545,637 |
Schedule of Reconciliation of Total Reportable Segments Revenue to Total Revenue | The following table reconciles total reportable segment revenues to total revenues for the indicated periods:
| Three Months Ended December 31, |  | Six Months Ended December 31,
(In thousands) | 2023 |  | 2022 |  | 2023 |  | 2022
Total revenues for reportable segments | $ | 2,487,176 |  |  | $ | 2,985,439 |  |  | $ | 4,885,416 |  |  | $ | 5,711,810 |
Corporate allocations and effects of changes in foreign currency exchange rates | (450) |  |  | (1,552) |  |  | (1,734) |  |  | (3,499) |
Total revenues | $ | 2,486,726 |  |  | $ | 2,983,887 |  |  | $ | 4,883,682 |  |  | $ | 5,708,311 |
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 December 31, |  | Six Months Ended December 31,
(In thousands) | 2023 |  | 2022 |  | 2023 |  | 2022
Total segment gross profit | $ | 1,556,782 |  |  | $ | 1,815,941 |  |  | $ | 3,052,432 |  |  | $ | 3,545,637 |
Acquisition-related charges, corporate allocations and effects of changes in foreign currency exchange rates(1) | 46,802 |  |  | 40,840 |  |  | 92,387 |  |  | 87,338 |
R&D | 320,418 |  |  | 332,826 |  |  | 631,632 |  |  | 651,341 |
SG&A | 237,244 |  |  | 243,096 |  |  | 476,889 |  |  | 497,076 |
Impairment of goodwill and purchased intangible assets | 219,000 |  |  | — |  |  | 219,000 |  |  | — |
Interest expense | 74,202 |  |  | 74,280 |  |  | 148,436 |  |  | 148,675 |
Loss on extinguishment of debt | — |  |  | — |  |  | — |  |  | 13,286 |
Other expense (income), net | (32,154) |  |  | (18,074) |  |  | (58,893) |  |  | (65,080) |
Income before income taxes | $ | 691,270 |  |  | $ | 1,142,973 |  |  | $ | 1,542,981 |  |  | $ | 2,213,001 |
__________________ (1)Acquisition-related charges primarily include amortization of intangible assets 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 December 31, |  | Six Months Ended December 31,
2023 |  | 2022 |  | 2023 |  | 2022
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
China | $ | 1,027,780 |  |  | 41 | % |  | $ | 681,701 |  |  | 23 | % |  | $ | 2,053,724 |  |  | 42 | % |  | $ | 1,521,362 |  |  | 27 | %
Taiwan | 375,259 |  |  | 15 | % |  | 768,999 |  |  | 26 | % |  | 780,602 |  |  | 16 | % |  | 1,517,333 |  |  | 27 | %
Korea | 310,672 |  |  | 12 | % |  | 590,936 |  |  | 20 | % |  | 530,493 |  |  | 11 | % |  | 998,398 |  |  | 17 | %
Japan | 297,757 |  |  | 12 | % |  | 269,746 |  |  | 9 | % |  | 525,134 |  |  | 11 | % |  | 487,455 |  |  | 9 | %
North America | 263,613 |  |  | 11 | % |  | 366,641 |  |  | 12 | % |  | 514,326 |  |  | 10 | % |  | 600,395 |  |  | 10 | %
Europe and Israel | 123,362 |  |  | 5 | % |  | 169,614 |  |  | 5 | % |  | 291,798 |  |  | 6 | % |  | 333,687 |  |  | 6 | %
Rest of Asia | 88,283 |  |  | 4 | % |  | 136,250 |  |  | 5 | % |  | 187,605 |  |  | 4 | % |  | 249,681 |  |  | 4 | %
Total | $ | 2,486,726 |  |  | 100 | % |  | $ | 2,983,887 |  |  | 100 | % |  | $ | 4,883,682 |  |  | 100 | % |  | $ | 5,708,311 |  |  | 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 December 31, |  | Six Months Ended December 31,
2023 |  | 2022 |  | 2023 |  | 2022
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Wafer Inspection | $ | 1,166,484 |  |  | 47 | % |  | $ | 1,256,540 |  |  | 42 | % |  | $ | 2,176,682 |  |  | 45 | % |  | $ | 2,359,082 |  |  | 41 | %
Patterning | 430,384 |  |  | 17 | % |  | 861,262 |  |  | 29 | % |  | 972,872 |  |  | 20 | % |  | 1,594,632 |  |  | 28 | %
Specialty Semiconductor Process | 136,278 |  |  | 6 | % |  | 145,542 |  |  | 5 | % |  | 248,381 |  |  | 5 | % |  | 259,986 |  |  | 5 | %
PCB, Display and Component Inspection | 77,298 |  |  | 3 | % |  | 108,644 |  |  | 4 | % |  | 148,462 |  |  | 3 | % |  | 243,087 |  |  | 4 | %
Services | 564,917 |  |  | 23 | % |  | 520,479 |  |  | 17 | % |  | 1,125,209 |  |  | 23 | % |  | 1,049,294 |  |  | 18 | %
Other | 111,365 |  |  | 4 | % |  | 91,420 |  |  | 3 | % |  | 212,076 |  |  | 4 | % |  | 202,230 |  |  | 4 | %
Total | $ | 2,486,726 |  |  | 100 | % |  | $ | 2,983,887 |  |  | 100 | % |  | $ | 4,883,682 |  |  | 100 | % |  | $ | 5,708,311 |  |  | 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) | December 31, 2023 |  | June 30, 2023
Land, property and equipment, net: |  |  |
United States | $ | 696,386 |  |  | $ | 672,561 |
Singapore | 153,360 |  |  | 150,989 |
Europe | 110,041 |  |  | 74,015 |
Israel | 90,804 |  |  | 92,815 |
Rest of Asia | 38,233 |  |  | 41,461 |
Total | $ | 1,088,824 |  |  | $ | 1,031,841 |

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