v3.25.4

SEGMENT INFORMATION (Tables)

3 Months Ended

Jan. 03, 2026

Segment Reporting [Abstract]

Operating information by segment

The following table reflects operating information by segment for the three months ended January 3, 2026 and December 28, 2024: 

(in thousands)			Three months ended January 3, 2026
			Reportable segments																								Reconciling items
			Ball Bonding Equipment						Wedge Bonding Equipment						Advanced Solutions						APS						All Others						Unallocated Corporate Expenses						Total Company
Net Revenue			$	110,283					$	21,121					$	17,221					$	39,624					$	11,376					$	—					$	199,625
Cost of sales			54,910						12,846						9,626						18,978						4,304						6						100,670
Selling, general and administrative			6,641						2,396						4,535						3,298						3,773						20,116						40,759
Research and development			10,256						6,251						14,029						2,852						3,016						3,972						40,376
Total operating expenses			16,897						8,647						18,564						6,150						6,789						24,088						81,135
Income / (Loss) from operations			$	38,476					$	(372)					$	(10,969)					$	14,496					$	283					$	(24,094)					$	17,820

(in thousands)			Three months ended December 28, 2024
			Reportable segments																								Reconciling items
			Ball Bonding Equipment						Wedge Bonding Equipment						Advanced Solutions						APS(1)						All Others(1)						Unallocated Corporate Expenses						Total Company
Net Revenue			$	59,686					$	32,223					$	28,178					$	32,117					$	13,920					$	—					$	166,124
Cost of sales			30,998						17,906						6,304						14,950						8,873						9						79,040
Selling, general and administrative			5,614						2,122						(69,308)						3,001						2,900						18,298						(37,373)
Research and development			9,646						5,492						12,608						2,483						5,787						1,792						37,808
Total operating expenses			15,260						7,614						(56,700)						5,484						8,687						20,090						435
Income / (Loss) from operations			$	13,428					$	6,703					$	78,574					$	11,683					$	(3,640)					$	(20,099)					$	86,649

(1) In view of the cessation of EA equipment business, the financial results for the three months ended January 3, 2026 now excludes a certain product line from the APS segment and now reports it as part of "All Others". This change in composition of reportable segments has been retrospectively applied to the corresponding results for the three months ended December 28, 2024.

The following table reconciles total segment profit to total income / (loss) before income taxes for the three months ended January 3, 2026 and December 28, 2024: 

			Three months ended
			January 3, 2026						December 28, 2024
Total income from reportable segments			$	41,631					$	110,388
All Others			283						(3,640)
Unallocated corporate expenses			(24,094)						(20,099)
Net interest income			4,719						6,325
Income before income taxes			$	22,539					$	92,974

Schedule of net revenue by Capital Equipment end markets

The following table reflects net revenue by end markets served for the three months ended January 3, 2026 and December 28, 2024: 

									Three months ended
(in thousands)															January 3, 2026						December 28, 2024
General Semiconductor (1)															$	124,682					$	65,559
Automotive & Industrial (1)															13,635						50,454
Memory (1)															16,222						10,725
APS (1)															45,086						39,386
Total revenue															$	199,625					$	166,124

(1) In view of the cessation of EA equipment business, 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.

Capital expenditures, depreciation and amortization expense

The following table reflects capital expenditures, depreciation expense and amortization expense for the three months ended January 3, 2026 and December 28, 2024:

									Three months ended
(in thousands)															January 3, 2026						December 28, 2024
Capital expenditures:
Ball Bonding Equipment															$	35					$	7
Wedge Bonding Equipment															76						35
Advanced Solutions															—						78
APS(1)															749						307
All Others (1)															5						225
Corporate Expenses															1,204						1,459
															$	2,069					$	2,111
Depreciation expense:
Ball Bonding Equipment															$	275					$	332
Wedge Bonding Equipment															227						227
Advanced Solutions															261						235
APS (1)															1,199						1,397
All Others (1)															282						330
Corporate Expenses															1,407						1,246
															$	3,651					$	3,767
Amortization expense:
Ball Bonding Equipment															$	—					$	—
Wedge Bonding Equipment															—						—
Advanced Solutions															—						—
APS (1)															—						—
All Others (1)															216						1,154
Corporate Expenses															92						92
															$	308					$	1,246

(1) In view of the cessation of EA equipment business, the financial results for the three months ended January 3, 2026 now excludes a certain product line from the APS segment and now reports it as part of "All Others". This change in composition of reportable segments has been retrospectively applied to the corresponding results for the three months ended December 28, 2024.

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- Definition

Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

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