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v3.25.2

Revenue (Notes) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 29, 2025 | Jun. 30, 2024 | Jun. 29, 2025 | Jun. 30, 2024
Disaggregation of Revenue [Line Items] |  |  |  |
Revenue from Contract with Customer [Text Block] |  |  | Revenue Disaggregation of revenue Disaggregated revenue by primary geographical markets and major goods and service lines are as follows:
| Reportable Segments
| Three Months Ended
| June 29, 2025 |  | June 30, 2024
| Life Sciences |  | Diagnostics |  | Total |  | Life Sciences |  | Diagnostics |  | Total
| (In thousands)
Primary geographical markets |  |  |  |  |  |  |  |  |  |  |
Americas | $ | 197,071 |  |  | $ | 126,509 |  |  | $ | 323,580 |  |  | $ | 189,790 |  |  | $ | 117,993 |  |  | $ | 307,783 |
Europe | 84,298 |  |  | 119,334 |  |  | 203,632 |  |  | 74,552 |  |  | 110,036 |  |  | 184,588 |
Asia | 84,529 |  |  | 108,543 |  |  | 193,072 |  |  | 84,183 |  |  | 115,131 |  |  | 199,314 |
| $ | 365,898 |  |  | $ | 354,386 |  |  | $ | 720,284 |  |  | $ | 348,525 |  |  | $ | 343,160 |  |  | $ | 691,685 |
Major goods/service lines |  |  |  |  |  |  |  |  |  |  |
Life Sciences Solutions | $ | 298,052 |  |  | $ | — |  |  | $ | 298,052 |  |  | $ | 297,782 |  |  | $ | — |  |  | $ | 297,782 |
Software | 67,846 |  |  | — |  |  | 67,846 |  |  | 50,743 |  |  | — |  |  | 50,743 |
Immunodiagnostics | — |  |  | 218,818 |  |  | 218,818 |  |  | — |  |  | 213,252 |  |  | 213,252 |
Reproductive health | — |  |  | 135,568 |  |  | 135,568 |  |  | — |  |  | 129,908 |  |  | 129,908 |
| $ | 365,898 |  |  | $ | 354,386 |  |  | $ | 720,284 |  |  | $ | 348,525 |  |  | $ | 343,160 |  |  | $ | 691,685 |
| Reportable Segments
| Six Months Ended
| June 29, 2025 |  | June 30, 2024
| Life Sciences |  | Diagnostics |  | Total |  | Life Sciences |  | Diagnostics |  | Total
| (In thousands)
Primary geographical markets |  |  |  |  |  |  |  |  |  |  |
Americas | $ | 381,350 |  |  | $ | 246,859 |  |  | $ | 628,209 |  |  | $ | 366,367 |  |  | $ | 235,770 |  |  | $ | 602,137 |
Europe | 160,320 |  |  | 225,104 |  |  | 385,424 |  |  | 152,008 |  |  | 211,142 |  |  | 363,150 |
Asia | 164,623 |  |  | 206,790 |  |  | 371,413 |  |  | 166,664 |  |  | 209,654 |  |  | 376,318 |
| $ | 706,293 |  |  | $ | 678,753 |  |  | $ | 1,385,046 |  |  | $ | 685,039 |  |  | $ | 656,566 |  |  | $ | 1,341,605 |
Major goods/service lines |  |  |  |  |  |  |  |  |  |  |
Life Sciences Solutions | $ | 584,505 |  |  | $ | — |  |  | $ | 584,505 |  |  | $ | 589,394 |  |  | $ | — |  |  | $ | 589,394 |
Software | 121,788 |  |  | — |  |  | 121,788 |  |  | 95,645 |  |  | — |  |  | 95,645 |
Immunodiagnostics | — |  |  | 416,380 |  |  | 416,380 |  |  | — |  |  | 401,913 |  |  | 401,913 |
Reproductive health | — |  |  | 262,373 |  |  | 262,373 |  |  | — |  |  | 254,653 |  |  | 254,653 |
| $ | 706,293 |  |  | $ | 678,753 |  |  | $ | 1,385,046 |  |  | $ | 685,039 |  |  | $ | 656,566 |  |  | $ | 1,341,605 |
Contract Balances Unbilled receivable and Contract assets: The timing of revenue recognition may differ from the timing of customer billing. When revenue is recognized prior to billing and the right to the amount due from customers is conditioned only on the passage of time, the Company records an unbilled receivable on its consolidated balance sheets. The unbilled receivables are classified as either current in “Accounts receivable, net” or as long-term in “Other assets, net” in the condensed consolidated balance sheets. Unbilled receivables totaled $91.1 million and $80.6 million at June 29, 2025 and December 29, 2024, respectively, primarily related to the Life Sciences software business. The Company had no material contract assets as of June 29, 2025 and December 29, 2024. Deferred revenue and Customer deposits: Deferred revenue is recorded when revenue is recognized subsequent to customer invoicing. Deferred revenue is classified as either current in “Accrued expenses and other current liabilities” or as long-term in “Other long-term liabilities” in the condensed consolidated balance sheets based on the timing of when the Company expects to recognize revenue. Substantially all of the deferred revenue is expected to be recognized in revenue within 12 months of the balance sheet date, and has been classified within accrued expenses and other current liabilities. The deferred revenue balance is primarily related to the Company’s software as a service offerings, maintenance contracts and prepaid storage arrangements. Deferred revenue totaled $225.3 million and $212.8 million at June 29, 2025 and December 29, 2024, respectively. The Company also had customer deposits received in advance of the transfer of control totaling $19.0 million and $19.5 million at June 29, 2025 and December 29, 2024, respectively. The Company expects that these customer deposits will be recognized in revenue within three months of the balance sheet date. Transaction price allocated to the remaining performance obligations The Company applies the practical expedient and does not disclose information about remaining performance obligations that have original expected durations of one year or less. The estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) at the end of the period are not material to the Company. The remaining performance obligations primarily include noncancelable purchase orders, noncancelable software subscriptions and cloud service contracts and long-term prepaid storage contracts. |
Segment revenue | $ 720,284 | $ 691,685 | $ 1,385,046 | $ 1,341,605
Americas [Member] |  |  |  |
Disaggregation of Revenue [Line Items] |  |  |  |
Segment revenue | 323,580 | 307,783 | 628,209 | 602,137
Europe [Member] |  |  |  |
Disaggregation of Revenue [Line Items] |  |  |  |
Segment revenue | 203,632 | 184,588 | 385,424 | 363,150
Asia [Member] |  |  |  |
Disaggregation of Revenue [Line Items] |  |  |  |
Segment revenue | 193,072 | 199,314 | 371,413 | 376,318
Life Sciences Solutions [Member] |  |  |  |
Disaggregation of Revenue [Line Items] |  |  |  |
Segment revenue | 298,052 | 297,782 | 584,505 | 589,394
Software [Member] |  |  |  |
Disaggregation of Revenue [Line Items] |  |  |  |
Segment revenue | 67,846 | 50,743 | 121,788 | 95,645
Reproductive health [Member] |  |  |  |
Disaggregation of Revenue [Line Items] |  |  |  |
Segment revenue | 135,568 | 129,908 | 262,373 | 254,653
Applied genomics [Member] |  |  |  |
Disaggregation of Revenue [Line Items] |  |  |  |
Segment revenue |  | 691,685 |  | 1,341,605
Immunodiagnostics [Member] |  |  |  |
Disaggregation of Revenue [Line Items] |  |  |  |
Segment revenue | 218,818 | 213,252 | 416,380 | 401,913
Diagnostics [Member] |  |  |  |
Disaggregation of Revenue [Line Items] |  |  |  |
Segment revenue | 354,386 | 343,160 | 678,753 | 656,566
Diagnostics [Member] | Americas [Member] |  |  |  |
Disaggregation of Revenue [Line Items] |  |  |  |
Segment revenue | 126,509 | 117,993 | 246,859 | 235,770
Diagnostics [Member] | Europe [Member] |  |  |  |
Disaggregation of Revenue [Line Items] |  |  |  |
Segment revenue | 119,334 | 110,036 | 225,104 | 211,142
Diagnostics [Member] | Asia [Member] |  |  |  |
Disaggregation of Revenue [Line Items] |  |  |  |
Segment revenue | 108,543 | 115,131 | 206,790 | 209,654
Diagnostics [Member] | Life Sciences Solutions [Member] |  |  |  |
Disaggregation of Revenue [Line Items] |  |  |  |
Segment revenue | 0 | 0 | 0 | 0
Diagnostics [Member] | Software [Member] |  |  |  |
Disaggregation of Revenue [Line Items] |  |  |  |
Segment revenue | 0 | 0 | 0 | 0
Diagnostics [Member] | Reproductive health [Member] |  |  |  |
Disaggregation of Revenue [Line Items] |  |  |  |
Segment revenue | 135,568 | 129,908 | 262,373 | 254,653
Diagnostics [Member] | Immunodiagnostics [Member] |  |  |  |
Disaggregation of Revenue [Line Items] |  |  |  |
Segment revenue | 218,818 | 213,252 | 416,380 | 401,913
Life Sciences [Member] |  |  |  |
Disaggregation of Revenue [Line Items] |  |  |  |
Segment revenue | 365,898 | 348,525 | 706,293 | 685,039
Life Sciences [Member] | Americas [Member] |  |  |  |
Disaggregation of Revenue [Line Items] |  |  |  |
Segment revenue | 197,071 | 189,790 | 381,350 | 366,367
Life Sciences [Member] | Europe [Member] |  |  |  |
Disaggregation of Revenue [Line Items] |  |  |  |
Segment revenue | 84,298 | 74,552 | 160,320 | 152,008
Life Sciences [Member] | Asia [Member] |  |  |  |
Disaggregation of Revenue [Line Items] |  |  |  |
Segment revenue | 84,529 | 84,183 | 164,623 | 166,664
Life Sciences [Member] | Life Sciences Solutions [Member] |  |  |  |
Disaggregation of Revenue [Line Items] |  |  |  |
Segment revenue | 298,052 | 297,782 | 584,505 | 589,394
Life Sciences [Member] | Software [Member] |  |  |  |
Disaggregation of Revenue [Line Items] |  |  |  |
Segment revenue | 67,846 | 50,743 | 121,788 | 95,645
Life Sciences [Member] | Reproductive health [Member] |  |  |  |
Disaggregation of Revenue [Line Items] |  |  |  |
Segment revenue | 0 | 0 | 0 | 0
Life Sciences [Member] | Immunodiagnostics [Member] |  |  |  |
Disaggregation of Revenue [Line Items] |  |  |  |
Segment revenue | $ 0 | $ 0 | $ 0 | $ 0

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