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Revenue from Contracts with Customers | 6 Months Ended
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Sep. 26, 2025
Revenue from Contract with Customer [Abstract] |
Revenue from Contracts with Customers | 3. Revenue from Contracts with Customers The following tables summarize net sales disaggregated by market, by product and by geography for the three- and six-month periods ended September 26, 2025 and September 27, 2024. The categorization of net sales by market is determined using various characteristics of the product and the application into which the Company’s product will be incorporated. The categorization of net sales by geography is determined based on the location to which the products are shipped. Net sales by market: In the fourth quarter of fiscal year 2025, during the preparation of the consolidated financial statements, the Company identified an immaterial misclassification of net sales by market, whereby customer returns and sales allowances were incorrectly classified by market between Automotive and Industrial and Other in prior periods. There was no impact to previously reported total net sales or net loss in any of the periods. The Company assessed the materiality of the revision qualitatively and quantitatively and determined the revisions to be immaterial to the prior period interim fiscal year 2025 condensed consolidated financial statements. All prior period amounts have been revised in the tables below.
|  | Three-Month Period Ended |  |  | Six-Month Period Ended |
|  | September 26, 2025 |  |  | September 27, 2024 |  |  | September 26, 2025 |  |  | September 27, 2024 |
Automotive |  | $ | 155,845 |  |  | $ | 139,680 |  |  | $ | 300,109 |  |  | $ | 267,074 |
Industrial and Other |  |  | 58,449 |  |  |  | 47,711 |  |  |  | 117,590 |  |  |  | 87,236 |
Total net sales |  | $ | 214,294 |  |  | $ | 187,391 |  |  | $ | 417,699 |  |  | $ | 354,310 |
Net sales by product:
|  | Three-Month Period Ended |  |  | Six-Month Period Ended |
|  | September 26, 2025 |  |  | September 27, 2024 |  |  | September 26, 2025 |  |  | September 27, 2024 |
Magnetic sensors |  | $ | 130,720 |  |  | $ | 128,700 |  |  | $ | 259,886 |  |  | $ | 243,809 |
Power integrated circuits |  |  | 83,574 |  |  |  | 58,691 |  |  |  | 157,813 |  |  |  | 110,501 |
Total net sales |  | $ | 214,294 |  |  | $ | 187,391 |  |  | $ | 417,699 |  |  | $ | 354,310 |
Net sales by geography:
|  | Three-Month Period Ended |  |  | Six-Month Period Ended |
|  | September 26, 2025 |  |  | September 27, 2024 |  |  | September 26, 2025 |  |  | September 27, 2024 |
Americas: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 23,920 |  |  | $ | 27,739 |  |  | $ | 47,694 |  |  | $ | 50,006 |
Other Americas |  |  | 12,251 |  |  |  | 6,426 |  |  |  | 21,099 |  |  |  | 11,650 |
EMEA: |  |  |  |  |  |  |  |  |  |  |  |
Europe |  |  | 28,205 |  |  |  | 27,280 |  |  |  | 58,678 |  |  |  | 54,186 |
Asia: |  |  |  |  |  |  |  |  |  |  |  |
Greater China |  |  | 61,880 |  |  |  | 48,995 |  |  |  | 119,449 |  |  |  | 80,855 |
Japan |  |  | 35,561 |  |  |  | 37,716 |  |  |  | 69,214 |  |  |  | 78,359 |
South Korea |  |  | 18,420 |  |  |  | 18,171 |  |  |  | 38,023 |  |  |  | 39,944 |
Other Asia |  |  | 34,057 |  |  |  | 21,064 |  |  |  | 63,542 |  |  |  | 39,310 |
Total net sales |  | $ | 214,294 |  |  | $ | 187,391 |  |  | $ | 417,699 |  |  | $ | 354,310 |
The Company recognizes sales net of returns and sales allowances, which comprises credits issued, price protection adjustments and stock rotation rights. At September 26, 2025 and March 28, 2025, the liabilities associated with returns and sales allowances were $29,282 and $33,855, respectively, and were netted against trade accounts receivable in the condensed consolidated balance sheets. Unsatisfied performance obligations primarily represent contracts for products with future delivery dates. The Company elected not to disclose the amount of unsatisfied performance obligations as these contracts have original expected durations of less than one year.

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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 -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-7 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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