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REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables) | 3 Months Ended
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Mar. 31, 2026
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | The following table presents the disaggregation of revenue under the new application framework:
| Three Months Ended March 31, |  |
| 2026 |  | 2025 |  |  |  |
Sales by Application |  |  |  |  |  |  |
Industrial Solutions | $ | 227,590 |  |  | $ | 188,016 |  |  |  |  |
Advanced Solutions | 37,907 |  |  | 39,777 |  |  |  |  |
Total | $ | 265,497 |  |  | $ | 227,793 |  |  |  |  |
The following table presents revenue disaggregated under the new product framework:
| Three Months Ended March 31, |  |
| 2026 |  | 2025 |  |  |  |
Sales by Product |  |  |  |  |  |  |
Lasers and Components | $ | 213,652 |  |  | $ | 187,343 |  |  |  |  |
Systems | 51,845 |  |  | 40,450 |  |  |  |  |
Total | $ | 265,497 |  |  | $ | 227,793 |  |  |  |  |
The following tables represent a disaggregation of revenue from contracts with customers by geography:
| Three Months Ended March 31, |  |
| 2026 |  | 2025 |  |  |  |
Sales by Geography |  |  |  |  |  |  |
North America (1) | $ | 71,523 |  |  | $ | 56,372 |  |  |  |  |
Europe: |  |  |  |  |  |  |
Germany | 23,019 |  |  | 24,703 |  |  |  |  |
Other | 36,000 |  |  | 32,166 |  |  |  |  |
Total Europe | 59,019 |  |  | 56,869 |  |  |  |  |
Asia: |  |  |  |  |  |  |
China | 83,795 |  |  | 67,858 |  |  |  |  |
Japan | 14,354 |  |  | 11,663 |  |  |  |  |
Other | 30,338 |  |  | 33,175 |  |  |  |  |
Total Asia | 128,487 |  |  | 112,696 |  |  |  |  |
Rest of World | 6,468 |  |  | 1,856 |  |  |  |  |
Total | $ | 265,497 |  |  | $ | 227,793 |  |  |  |  |
(1) The substantial majority of sales in North America are to customers in the United States.
| Three Months Ended March 31, |  |
| 2026 |  | 2025 |  |  |  |
Timing of Revenue Recognition |  |  |  |  |  |  |
Goods and services transferred at a point in time | $ | 255,098 |  |  | $ | 224,022 |  |  |  |  |
Goods and services transferred over time | 10,399 |  |  | 3,771 |  |  |  |  |
Total | $ | 265,497 |  |  | $ | 227,793 |  |  |  |  |
Schedule of Changes in Contract Assets and Liabilities | The following table reflects the changes in the Company's contract assets and liabilities for the three months ended March 31, 2026 and 2025:
| March 31, |  | January 1, |  |  |  | March 31, |  | January 1, |  |  |
| 2026 |  | 2026 |  | Change |  | 2025 |  | 2025 |  | Change |
Contract assets |  |  |  |  |  |  |  |  |  |  |  |
Contract assets | $ | 5,704 |  |  | $ | 3,464 |  |  | $ | 2,240 |  |  | $ | 1,078 |  |  | $ | 4,737 |  |  | $ | (3,659) |  |
Contract liabilities |  |  |  |  |  |  |  |  |  |  |  |
Contract liabilities - current | 67,791 |  |  | 66,209 |  |  | 1,582 |  |  | 61,776 |  |  | 56,454 |  |  | 5,322 |  |
Contract liabilities - long-term | 3,561 |  |  | 3,336 |  |  | 225 |  |  | 3,338 |  |  | 2,882 |  |  | 456 |  |
Schedule of Remaining Performance Obligations | The following table represents the Company's remaining performance obligations from contracts that are recognized over time as of March 31, 2026:
| Remaining Performance Obligations
| 2026 (a) |  | 2027 |  | 2028 |  | 2029 |  | 2030 |  | Thereafter |  | Total
Revenue expected to be recognized for extended warranty agreements | $ | 2,118 |  |  | $ | 1,789 |  |  | $ | 1,126 |  |  | $ | 677 |  |  | $ | 238 |  |  | $ | 207 |  |  | $ | 6,155 |
Revenue to be earned over time from contracts to sell large scale materials processing systems | 20,209 |  |  | 2,242 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 22,451 |
Total | $ | 22,327 |  |  | $ | 4,031 |  |  | $ | 1,126 |  |  | $ | 677 |  |  | $ | 238 |  |  | $ | 207 |  |  | $ | 28,606 |
(a) For the nine-month period beginning April 1, 2026.

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -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 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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- Definition Tabular disclosure of expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(1) -SubTopic 10 -Topic 606 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 + Details
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