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v3.25.2

SEGMENT INFORMATION (Tables) | 9 Months Ended
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Jun. 28, 2025
Segment Reporting [Abstract] |
Operating information by segment | The following table reflects operating information by segment for the three and nine months ended June 28, 2025 and June 29, 2024:
| Three months ended |  | Nine months ended |  |  |
(in thousands) | June 28, 2025 |  | June 29, 2024 |  | June 28, 2025 |  | June 29, 2024 |  |  |
Net revenue: |  |  |  |  |  |  |  |  |  |
Ball Bonding Equipment | $ | 75,990 |  |  | $ | 93,254 |  |  | $ | 201,957 |  |  | $ | 261,432 |  |  |  |
Wedge Bonding Equipment | 22,126 |  |  | 26,144 |  |  | 90,546 |  |  | 72,364 |  |  |  |
Advanced Solutions | 10,811 |  |  | 20,953 |  |  | 56,627 |  |  | 46,401 |  |  |  |
APS | 36,448 |  |  | 38,059 |  |  | 113,354 |  |  | 119,967 |  |  |  |
All Others | 3,038 |  |  | 3,240 |  |  | 14,039 |  |  | 24,749 |  |  |  |
Net revenue | $ | 148,413 |  |  | $ | 181,650 |  |  | $ | 476,523 |  |  | $ | 524,913 |  |  |  |
(Loss)/Income from operations: |  |  |  |  |  |  |  |  |  |
Ball Bonding Equipment | $ | 23,480 |  |  | $ | 27,751 |  |  | $ | 56,203 |  |  | $ | 80,617 |  |  |  |
Wedge Bonding Equipment | 2,065 |  |  | 4,149 |  |  | 17,681 |  |  | 12,696 |  |  |  |
Advanced Solutions | (10,692) |  |  | (9,785) |  |  | 61,753 |  |  | (140,201) |  |  |  |
APS | 7,346 |  |  | 11,443 |  |  | 17,304 |  |  | 36,275 |  |  |  |
All Others | (6,179) |  |  | (8,317) |  |  | (84,637) |  |  | (25,945) |  |  |  |
Corporate Expenses | (22,114) |  |  | (16,964) |  |  | (72,416) |  |  | (58,627) |  |  |  |
(Loss)/Income from operations | $ | (6,094) |  |  | $ | 8,277 |  |  | $ | (4,112) |  |  | $ | (95,185) |  |  |  |
Schedule of net revenue by Capital Equipment end markets | The following table reflects net revenue by end markets served for the three and nine months ended June 28, 2025 and June 29, 2024:
| Three months ended |  | Nine months ended |  |  |
(in thousands) | June 28, 2025 |  | June 29, 2024 |  | June 28, 2025 |  | June 29, 2024 |  |  |
General Semiconductor | $ | 79,381 |  |  | $ | 89,154 |  |  | $ | 235,624 |  |  | $ | 250,239 |  |  |  |
Automotive & Industrial (1) | 17,116 |  |  | 40,061 |  |  | 98,546 |  |  | 100,257 |  |  |  |
Memory | 15,468 |  |  | 14,376 |  |  | 28,999 |  |  | 54,450 |  |  |  |
APS | 36,448 |  |  | 38,059 |  |  | 113,354 |  |  | 119,967 |  |  |  |
Total revenue | $ | 148,413 |  |  | $ | 181,650 |  |  | $ | 476,523 |  |  | $ | 524,913 |  |  |  |
(1) In view of the intended EA equipment business cessation, the Company has simplified its end market disclosures by consolidating LED revenue within Automotive & Industrial revenue. As a result, the net revenue recorded within the previously-defined LED end market for prior periods has been consolidated within the Automotive & Industrial end market to conform to the current period presentation. These changes have no impact to the consolidated financial statements.
Capital expenditures, depreciation and amortization expense | The following table reflects capital expenditures, depreciation expense and amortization expense for the three and nine months ended June 28, 2025 and June 29, 2024:
| Three months ended |  | Nine months ended |  |  |
(in thousands) | June 28, 2025 |  | June 29, 2024 |  | June 28, 2025 |  | June 29, 2024 |  |  |
Capital expenditures: |  |  |  |  |  |  |  |  |  |
Ball Bonding Equipment | $ | 19 |  |  | $ | 172 |  |  | $ | 76 |  |  | $ | 726 |  |  |  |
Wedge Bonding Equipment | 211 |  |  | 495 |  |  | 291 |  |  | 630 |  |  |  |
Advanced Solutions | 32 |  |  | 47 |  |  | 124 |  |  | 365 |  |  |  |
APS | 441 |  |  | 157 |  |  | 1,234 |  |  | 827 |  |  |  |
All Others | 390 |  |  | 412 |  |  | 777 |  |  | 839 |  |  |  |
Corporate Expenses | 1,640 |  |  | 1,983 |  |  | 5,058 |  |  | 7,258 |  |  |  |
| $ | 2,733 |  |  | $ | 3,266 |  |  | $ | 7,560 |  |  | $ | 10,645 |  |  |  |
Depreciation expense: |  |  |  |  |  |  |  |  |  |
Ball Bonding Equipment | $ | 321 |  |  | $ | 363 |  |  | $ | 985 |  |  | $ | 1,010 |  |  |  |
Wedge Bonding Equipment | 219 |  |  | 228 |  |  | 674 |  |  | 764 |  |  |  |
Advanced Solutions | 277 |  |  | 295 |  |  | 793 |  |  | 5,663 |  |  |  |
APS | 1,209 |  |  | 1,332 |  |  | 3,921 |  |  | 3,957 |  |  |  |
All Others | 255 |  |  | 398 |  |  | 925 |  |  | 1,164 |  |  |  |
Corporate Expenses | 1,328 |  |  | 1,078 |  |  | 3,918 |  |  | 3,416 |  |  |  |
| $ | 3,609 |  |  | $ | 3,694 |  |  | $ | 11,216 |  |  | $ | 15,974 |  |  |  |
Amortization expense: |  |  |  |  |  |  |  |  |  |
Ball Bonding Equipment | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |
Wedge Bonding Equipment | — |  |  | — |  |  | — |  |  | — |  |  |  |
Advanced Solutions | — |  |  | — |  |  | — |  |  | — |  |  |  |
APS | — |  |  | 227 |  |  | 526 |  |  | 684 |  |  |  |
All Others | 216 |  |  | 931 |  |  | 1,924 |  |  | 2,963 |  |  |  |
Corporate Expenses | 92 |  |  | 92 |  |  | 275 |  |  | 275 |  |  |  |
| $ | 308 |  |  | $ | 1,250 |  |  | $ | 2,725 |  |  | $ | 3,922 |  |  |  |

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