v3.25.4
Revenue
6 Months Ended
Dec. 27, 2025
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
The majority of our revenue is generated from product shipments to our customers. A summary of our product categories is as follows:
Core IoT: Includes products for Wireless and Processor Solutions.
Enterprise and Automotive: Includes products for PC Touch Pad, PC Fingerprint, Video Interface Solutions and Automotive Solutions.
Mobile: Includes products for Touch and Display Solutions for Mobile phone applications.
Disaggregation of revenue
Net revenue by product category was as follows:
Three Months EndedSix Months Ended
DecemberDecember
2025202420252024
Enterprise and Automotive product applications$161.1 $159.1 $308.8 $306.7 
Core IoT product applications93.2 61.1 196.8 120.7 
Mobile product applications48.2 47.0 89.4 97.5 
$302.5 $267.2 $595.0 $524.9 
Net revenue by geographic region, based on the billing location of our customers, for the periods presented were as follows:
Three Months EndedSix Months Ended
DecemberDecember
2025202420252024
China/Hong Kong$144.1 $112.2 $286.2 $240.0 
Taiwan86.2 77.4 180.6 141.5 
Japan28.9 43.6 56.6 81.8 
Other14.9 12.5 29.9 23.1 
South Korea22.5 18.8 34.6 34.0 
United States5.9 2.7 7.1 4.5 
$302.5 $267.2 $595.0 $524.9 
Net revenue by customer whose revenue represented 10% or more of our total net revenue for the periods presented was as follows:
Three Months EndedSix Months Ended
DecemberDecember
2025202420252024
Customer A17%15%17%14%
Customer B14%11%11%12%
Customer C**12%*
____________________________
*Less than 10%
At December 2025 and June 2025, three customers comprised a total of 36% and 45% of our accounts receivable, respectively.
Contract Liabilities
Our contract liabilities are comprised of deferred revenue and primarily relate to our obligation to transfer goods, services or licenses of our IP to customers for which we have received consideration. Contract liabilities were $7.4 million and $16.2 million as of December 2025 and June 2025, respectively, and are presented as part of customer-related liabilities in accrued liabilities in the accompanying condensed consolidated balance sheets. See “Note 3. Supplemental Financial Statement Information.” During the three months ended December 2025 and December 2024, we recognized $8.6 million and $0.9 million, respectively, in revenue related to contract
liabilities outstanding as of the beginning of each such fiscal year. During the six months ended December 2025 and December 2024, we recognized $10.1 million and $13.5 million, respectively, in revenue related to contract liabilities, which was outstanding as of the beginning of each fiscal quarter.