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REVENUE
 9 Months Ended
Sep. 30, 2024
REVENUE  
REVENUE

NOTE 3.    REVENUE

Disaggregation of revenue

The following tables present additional information regarding our revenue:

Revenue by Market

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended September 30, 

​

Nine Months Ended September 30, 

​

​

    

2024

​

2023

    

2024

    

2023

    

Semiconductor Equipment

​

$

197,497

​

$

185,033

​

$

565,721

​

$

552,419

​

Industrial and Medical

​

 

76,837

​

 

115,226

​

 

239,359

​

 

365,849

​

Data Center Computing

​

​

80,653

​

​

68,286

​

​

195,519

​

​

187,021

​

Telecom and Networking

​

​

19,230

​

​

41,446

​

​

66,040

​

​

145,250

​

Total

​

$

374,217

​

$

409,991

​

$

1,066,639

​

$

1,250,539

​

​

Revenue by Region

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended September 30, 

​

​

Nine Months Ended September 30, 

​

​

​

    

2024

​

    

2023

​

    

2024

    

    

2023

​

    

North America

​

$

175,691

    

47.0

%

    

$

184,783

    

45.1

%

    

$

482,564

    

45.2

%

    

$

537,241

    

42.9

%

​

Asia

​

​

163,212

​

43.6

​

​

​

178,190

​

43.5

​

​

​

467,110

​

43.8

​

​

​

543,871

​

43.5

​

​

Europe

​

​

34,892

​

9.3

​

​

​

46,088

​

11.2

​

​

​

115,258

​

10.8

​

​

​

164,867

​

13.2

​

​

Other

​

 

422

​

0.1

​

​

​

930

​

0.2

​

​

​

1,707

​

0.2

​

​

​

4,560

​

0.4

​

​

Total

​

$

374,217

​

100.0

%

​

$

409,991

​

100.0

%

​

$

1,066,639

​

100.0

%

​

$

1,250,539

​

100.0

%

​

​

Revenue by Significant Countries

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended September 30, 

​

​

Nine Months Ended September 30, 

​

​

​

​

​

    

2024

​

    

2023

​

    

2024

    

    

2023

​

    

United States

​

$

134,614

    

35.9

%

    

$

156,710

    

38.2

%

    

$

371,925

    

34.9

%

    

$

457,325

    

36.6

%

​

Mexico

​

​

40,953

​

10.9

​

​

​

27,464

​

6.7

​

​

​

109,768

​

10.3

​

​

​

77,953

​

6.2

​

​

Taiwan

​

​

40,990

​

11.0

​

​

​

33,136

​

8.1

​

​

​

119,571

​

11.2

​

​

​

98,842

​

7.9

​

​

China

​

​

28,725

​

7.7

​

​

​

41,391

​

10.1

​

​

​

70,298

​

6.6

​

​

​

132,039

​

10.6

​

​

All others

​

​

128,935

​

34.5

​

​

​

151,290

​

36.9

​

​

​

395,077

​

37.0

​

​

​

484,380

​

38.7

​

​

Total

​

$

374,217

​

100.0

%

​

$

409,991

​

100.0

%

​

$

1,066,639

​

100.0

%

​

$

1,250,539

​

100.0

%

​

​

We attribute revenue to individual countries and regions based on the customer’s ship to location. Excluding the specific countries listed above, no individual country exceeded 10% of our total consolidated revenues during the periods presented.

Revenue by Category

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended September 30, 

​

Nine Months Ended September 30, 

​

    

2024

​

2023

    

2024

    

2023

Product

​

$

332,647

​

$

369,129

​

$

944,279

​

$

1,118,284

Services and other

​

​

41,570

 

​

40,862

​

​

122,360

 

​

132,255

Total

​

$

374,217

 

$

409,991

​

$

1,066,639

 

$

1,250,539

​

Other revenue includes certain spare parts and products sold by our service group.

​

Significant Customers

During the three months ended September 30, 2024, Applied Materials, Inc. and Lam Research Corporation accounted for 25% and 11%, respectively, of our total revenue. During the nine months ended September 30, 2024, Applied Materials, Inc. and Lam Research Corporation accounted for 27% and 10%, respectively, of our total revenue. During the three and nine months ended September 30, 2023, Applied Materials Inc. accounted for 23% and 21%, respectively, of our total revenue. No other customer’s revenue exceeded 10% of our total revenue in the periods presented.

As of September 30, 2024, the account receivable balance from Applied Materials, Inc. accounted for 28% of our total accounts receivable. As of December 31, 2023, the account receivable balance from Applied Materials, Inc. accounted for 26% of our total accounts receivable. No other customer’s account receivable exceeded 10% of our total accounts receivable in the periods presented.