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Revenue (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of revenue by categories used by management


		Three months ended						Six months ended
		June 30,						June 30,
		2026			2025			2026			2025

		(in thousands)
Systems		$	132,374		$	133,288		$	258,700		$	270,897
Aftermarket			82,801			61,256			155,431			116,210
Total Revenue		$	215,175		$	194,544		$	414,131		$	387,107

Schedule of revenue by geographic markets


		Three months ended						Six months ended
		June 30,						June 30,
		2026			2025			2026			2025

		(in thousands)
North America		$	13,415		$	34,223		$	36,182		$	74,748
Asia Pacific			177,873			145,628			322,291			280,053
Europe			23,887			14,693			55,658			32,306
Total Revenue		$	215,175		$	194,544		$	414,131		$	387,107

Schedule of Contract liabilities


		June 30,			December 31,
		2026			2025

		(in thousands)
Contract liabilities		$	118,542		$	108,939

Contract liabilities are reflected as deferred revenue on the consolidated balance sheets and include payments received in advance of system sales as well as deferral of revenue from systems sales for installation and other future performance obligations. Contract liabilities are recognized as revenue upon the fulfillment of performance obligations.


		Three months ended						Six months ended
		June 30,						June 30,
		2026			2025			2026			2025

		(in thousands)
Balance, beginning of the period		$	109,566		$	139,324		$	108,939		$	138,174
Deferral of revenue			29,859			29,047			42,089			42,207
Other adjustments*			—			(2,273)			(450)			(2,272)
Recognition of deferred revenue			(20,883)			(36,356)			(32,036)			(48,367)
Balance, end of the period		$	118,542		$	129,742		$	118,542		$	129,742

* Adjustment to contracts with customers are assessed to determine if amounts paid by customers represent deferred revenue or liabilities payable to customers and such amounts are accordingly reclassified pursuant to our revenue recognition policy and ASC 606.