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Revenue from Contracts with Customers
 6 Months Ended
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.