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Revenue | 9 Months Ended
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Oct. 29, 2022
Revenue from Contract with Customer [Abstract] |
Revenue | Revenue The majority of the Company’s revenue is generated from sales of the Company’s products. The following table summarizes net revenue disaggregated by end market (in millions, except percentages):
|  | Three Months Ended |  | Nine Months Ended
|  | October 29, 2022 |  | % of Total |  | October 30, 2021 |  | % of Total |  | October 29, 2022 |  | % of Total |  | October 30, 2021 |  | % of Total
Net revenue by end market: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Data center |  | $ | 627.3 |  |  | 41 | % |  | $ | 499.8 |  |  | 41 | % |  | $ | 1,911.2 |  |  | 42 | % |  | $ | 1,210.6 |  |  | 39 | %
Enterprise networking |  | 376.0 |  |  | 24 | % |  | 247.2 |  |  | 20 | % |  | 1,002.9 |  |  | 22 | % |  | 644.7 |  |  | 21 | %
Carrier infrastructure |  | 271.4 |  |  | 18 | % |  | 215.1 |  |  | 18 | % |  | 808.6 |  |  | 18 | % |  | 579.4 |  |  | 19 | %
Consumer |  | 178.4 |  |  | 12 | % |  | 182.5 |  |  | 15 | % |  | 521.3 |  |  | 12 | % |  | 514.6 |  |  | 16 | %
Automotive/industrial |  | 84.2 |  |  | 5 | % |  | 66.6 |  |  | 6 | % |  | 257.1 |  |  | 6 | % |  | 170.1 |  |  | 5 | %
|  | $ | 1,537.3 |  |  |  |  | $ | 1,211.2 |  |  |  |  | $ | 4,501.1 |  |  |  |  | $ | 3,119.4 |  |  |
The following table summarizes net revenue disaggregated by primary geographical market based on destination of shipment (in millions, except percentages):
|  | Three Months Ended |  | Nine Months Ended |  |
|  | October 29, 2022 |  | % of Total |  | October 30, 2021 |  | % of Total |  | October 29, 2022 |  | % of Total |  | October 30, 2021 |  | % of Total |  |  |  |
Net revenue based on destination of shipment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
China |  | $ | 604.1 |  |  | 39 | % |  | $ | 558.9 |  |  | 46 | % |  | $ | 1,941.7 |  |  | 43 | % |  | $ | 1,388.3 |  |  | 45 | % |  |  |  |
United States |  | 184.6 |  |  | 12 | % |  | 123.9 |  |  | 10 | % |  | 519.1 |  |  | 12 | % |  | 334.5 |  |  | 11 | % |  |  |  |
Thailand |  | 115.2 |  |  | 7 | % |  | 97.4 |  |  | 8 | % |  | 289.4 |  |  | 6 | % |  | 258.2 |  |  | 8 | % |  |  |  |
Malaysia |  | 85.1 |  |  | 6 | % |  | 65.6 |  |  | 5 | % |  | 280.2 |  |  | 6 | % |  | 196.6 |  |  | 6 | % |  |  |  |
Singapore |  | 134.5 |  |  | 9 | % |  | 46.7 |  |  | 4 | % |  | 251.7 |  |  | 6 | % |  | 156.6 |  |  | 5 | % |  |  |  |
Japan |  | 70.1 |  |  | 5 | % |  | 68.2 |  |  | 6 | % |  | 208.2 |  |  | 5 | % |  | 168.4 |  |  | 5 | % |  |  |  |
Taiwan |  | 89.4 |  |  | 6 | % |  | 51.3 |  |  | 4 | % |  | 204.3 |  |  | 5 | % |  | 108.9 |  |  | 3 | % |  |  |  |
Philippines |  | 42.3 |  |  | 3 | % |  | 53.0 |  |  | 4 | % |  | 141.1 |  |  | 3 | % |  | 156.3 |  |  | 5 | % |  |  |  |
Other |  | 212.0 |  |  | 13 | % |  | 146.2 |  |  | 13 | % |  | 665.4 |  |  | 14 | % |  | 351.6 |  |  | 12 | % |  |  |  |
|  | $ | 1,537.3 |  |  |  |  | $ | 1,211.2 |  |  |  |  | $ | 4,501.1 |  |  |  |  | $ | 3,119.4 |  |  |  |  |  |  |
These destinations of shipment are not necessarily indicative of the geographic location of the Company’s end customers or the country in which the Company’s end customers sell devices containing the Company’s products. For example, a substantial majority of the shipments made to China relate to sales to non-China based customers that have factories or contract manufacturing operations located within China. The following table summarizes net revenue disaggregated by customer type (in millions, except percentages):
|  | Three Months Ended |  | Nine Months Ended |  |
|  | October 29, 2022 |  | % of Total |  | October 30, 2021 |  | % of Total |  | October 29, 2022 |  | % of Total |  | October 30, 2021 |  | % of Total |  |  |  |
Net revenue by customer type: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Direct customers |  | $ | 986.0 |  |  | 64 | % |  | $ | 893.5 |  |  | 74 | % |  | $ | 2,955.9 |  |  | 66 | % |  | $ | 2,284.6 |  |  | 73 | % |  |  |  |
Distributors |  | 551.3 |  |  | 36 | % |  | 317.7 |  |  | 26 | % |  | 1,545.2 |  |  | 34 | % |  | 834.8 |  |  | 27 | % |  |  |  |
|  | $ | 1,537.3 |  |  |  |  | $ | 1,211.2 |  |  |  |  | $ | 4,501.1 |  |  |  |  | $ | 3,119.4 |  |  |  |  |  |  |
Contract Liabilities Contract liabilities consist of the Company’s obligation to transfer goods or services to a customer for which the Company has received consideration or the amount is due from the customer. Contract liability balances are comprised of deferred revenue. The amount of revenue recognized during the nine months ended October 29, 2022 that was included in deferred revenue balance at January 29, 2022 was not material. As of the end of a reporting period, some of the performance obligations associated with contracts will have been unsatisfied or only partially satisfied. In accordance with the practical expedients available in the guidance, the Company does not disclose the value of unsatisfied performance obligations for contracts with an original expected duration of one year or less. Sales Commissions The Company has elected to apply the practical expedient to expense commissions when incurred as the amortization period is typically one year or less. These costs are recorded in selling, general and administrative expenses in the unaudited condensed consolidated statements of operations.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI https://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 + Details
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