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v3.25.2

Segment Information | 6 Months Ended
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Jun. 28, 2025
Segment Information [Abstract] |
Segment Information | Note 11 – Segment Information The following tables set forth business segment information:
|  | MOSFETs |  |  | Diodes |  |  | Optoelectronic Components |  |  | Resistors |  |  | Inductors |  |  | Capacitors |  |  | Corporate/ Other |  |  | Total |
Fiscal quarter ended June 28, 2025: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net revenues |  | $ | 148,633 |  |  | $ | 147,942 |  |  | $ | 54,119 |  |  | $ | 194,769 |  |  | $ | 95,675 |  |  | $ | 121,112 |  |  | $ | - |  |  | $ | 762,250 |
Cost of products sold (excluding depreciation) |  | $ | 125,546 |  |  | $ | 106,770 |  |  | $ | 37,596 |  |  | $ | 139,330 |  |  | $ | 64,594 |  |  | $ | 90,643 |  |  | $ | - |  |  | $ | 564,479 |
Depreciation expense in costs of products sold |  |  | 13,708 |  |  |  | 11,634 |  |  |  | 3,965 |  |  |  | 11,109 |  |  |  | 4,245 |  |  |  | 4,427 |  |  |  | - |  |  |  | 49,088 |
Total costs of products sold |  | $ | 139,254 |  |  | $ | 118,404 |  |  | $ | 41,561 |  |  | $ | 150,439 |  |  | $ | 68,839 |  |  | $ | 95,070 |  |  | $ | - |  |  | $ | 613,567 |
Gross profit |  | $ | 9,379 |  |  | $ | 29,538 |  |  | $ | 12,558 |  |  | $ | 44,330 |  |  | $ | 26,836 |  |  | $ | 26,042 |  |  | $ | - |  |  | $ | 148,683 |
Segment operating expenses |  | $ | 23,859 |  |  | $ | 7,353 |  |  | $ | 5,743 |  |  | $ | 9,421 |  |  | $ | 3,887 |  |  | $ | 6,357 |  |  | $ | - |  |  | $ | 56,620 |
Segment operating income (loss) |  | $ | (14,480 | ) |  | $ | 22,185 |  |  | $ | 6,815 |  |  | $ | 34,909 |  |  | $ | 22,949 |  |  | $ | 19,685 |  |  | $ | - |  |  | $ | 92,063 |
Total depreciation expense |  | $ | 14,342 |  |  | $ | 11,917 |  |  | $ | 4,081 |  |  | $ | 11,308 |  |  | $ | 4,291 |  |  | $ | 4,472 |  |  | $ | 2,268 |  |  | $ | 52,679 |
Capital expenditures |  |  | 46,002 |  |  |  | 3,809 |  |  |  | 4,043 |  |  |  | 5,644 |  |  |  | 1,021 |  |  |  | 3,024 |  |  |  | 1,055 |  |  |  | 64,598 |
Total assets as of June 28, 2025: |  | $ | 1,123,514 |  |  | $ | 725,548 |  |  | $ | 360,008 |  |  | $ | 967,976 |  |  | $ | 328,726 |  |  | $ | 462,490 |  |  | $ | 253,393 |  |  | $ | 4,221,655 |
Fiscal quarter ended June 29, 2024: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net revenues |  | $ | 155,053 |  |  | $ | 146,265 |  |  | $ | 53,010 |  |  | $ | 179,498 |  |  | $ | 94,061 |  |  | $ | 113,352 |  |  | $ | - |  |  | $ | 741,239 |
Cost of products sold (excluding depreciation) |  | $ | 120,953 |  |  | $ | 103,823 |  |  | $ | 34,961 |  |  | $ | 128,157 |  |  | $ | 61,519 |  |  | $ | 82,978 |  |  | $ | - |  |  | $ | 532,391 |
Depreciation expense in cost of products sold |  |  | 12,531 |  |  |  | 11,443 |  |  |  | 3,844 |  |  |  | 10,159 |  |  |  | 4,258 |  |  |  | 3,743 |  |  |  | - |  |  |  | 45,978 |
Total cost of products sold |  | $ | 133,484 |  |  | $ | 115,266 |  |  | $ | 38,805 |  |  | $ | 138,316 |  |  | $ | 65,777 |  |  | $ | 86,721 |  |  | $ | - |  |  | $ | 578,369 |
Gross profit |  | $ | 21,569 |  |  | $ | 30,999 |  |  | $ | 14,205 |  |  | $ | 41,182 |  |  | $ | 28,284 |  |  | $ | 26,631 |  |  | $ | - |  |  | $ | 162,870 |
Segment operating expenses |  | $ | 19,735 |  |  | $ | 6,585 |  |  | $ | 5,512 |  |  | $ | 8,323 |  |  | $ | 3,737 |  |  | $ | 5,665 |  |  | $ | - |  |  | $ | 49,557 |
Segment operating income |  | $ | 1,834 |  |  | $ | 24,414 |  |  | $ | 8,693 |  |  | $ | 32,859 |  |  | $ | 24,547 |  |  | $ | 20,966 |  |  | $ | - |  |  | $ | 113,313 |
Total depreciation expense |  | $ | 12,982 |  |  | $ | 11,691 |  |  | $ | 3,935 |  |  | $ | 10,315 |  |  | $ | 4,273 |  |  | $ | 3,800 |  |  | $ | 2,222 |  |  | $ | 49,218 |
Capital expenditures |  |  | 37,571 |  |  |  | 9,188 |  |  |  | 1,134 |  |  |  | 7,286 |  |  |  | 2,330 |  |  |  | 3,637 |  |  |  | 1,418 |  |  |  | 62,564 |
Total assets as of June 29, 2024: |  | $ | 1,045,228 |  |  | $ | 736,065 |  |  | $ | 352,159 |  |  | $ | 1,010,499 |  |  | $ | 342,626 |  |  | $ | 435,712 |  |  | $ | 230,412 |  |  | $ | 4,152,701 |
|  | MOSFETs |  |  | Diodes |  |  | Optoelectronic Components |  |  | Resistors |  |  | Inductors |  |  | Capacitors |  |  | Corporate/ Other |  |  | Total |
Six fiscal months ended June 28, 2025: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net revenues |  | $ | 290,746 |  |  | $ | 288,905 |  |  | $ | 105,287 |  |  | $ | 374,269 |  |  | $ | 179,796 |  |  | $ | 238,483 |  |  | $ | - |  |  | $ | 1,477,486 |
Cost of products sold (excluding depreciation) |  | $ | 243,053 |  |  | $ | 208,599 |  |  | $ | 74,254 |  |  | $ | 267,802 |  |  | $ | 126,876 |  |  | $ | 176,597 |  |  | $ | - |  |  | $ | 1,097,181 |
Depreciation expense in costs of products sold |  |  | 26,708 |  |  |  | 22,746 |  |  |  | 7,775 |  |  |  | 21,783 |  |  |  | 8,487 |  |  |  | 8,569 |  |  |  | - |  |  |  | 96,068 |
Total costs of products sold |  | $ | 269,761 |  |  | $ | 231,345 |  |  | $ | 82,029 |  |  | $ | 289,585 |  |  | $ | 135,363 |  |  | $ | 185,166 |  |  | $ | - |  |  | $ | 1,193,249 |
Gross profit |  | $ | 20,985 |  |  | $ | 57,560 |  |  | $ | 23,258 |  |  | $ | 84,684 |  |  | $ | 44,433 |  |  | $ | 53,317 |  |  | $ | - |  |  | $ | 284,237 |
Segment operating expenses |  | $ | 44,204 |  |  | $ | 14,178 |  |  | $ | 11,024 |  |  | $ | 18,624 |  |  | $ | 7,582 |  |  | $ | 13,058 |  |  | $ | - |  |  | $ | 108,670 |
Segment operating income (loss) |  | $ | (23,219 | ) |  | $ | 43,382 |  |  | $ | 12,234 |  |  | $ | 66,060 |  |  | $ | 36,851 |  |  | $ | 40,259 |  |  | $ | - |  |  | $ | 175,567 |
Total depreciation expense |  | $ | 27,914 |  |  | $ | 23,400 |  |  | $ | 7,998 |  |  | $ | 22,172 |  |  | $ | 8,574 |  |  | $ | 8,656 |  |  | $ | 4,483 |  |  | $ | 103,197 |
Capital expenditures |  |  | 92,305 |  |  |  | 8,138 |  |  |  | 4,755 |  |  |  | 8,691 |  |  |  | 1,605 |  |  |  | 8,999 |  |  |  | 1,674 |  |  |  | 126,167 |
Six fiscal months ended June 29, 2024: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net revenues |  | $ | 308,226 |  |  | $ | 295,395 |  |  | $ | 102,209 |  |  | $ | 367,694 |  |  | $ | 182,712 |  |  | $ | 231,282 |  |  | $ | - |  |  | $ | 1,487,518 |
Cost of products sold (excluding depreciation) |  | $ | 237,701 |  |  | $ | 209,468 |  |  | $ | 73,364 |  |  | $ | 259,790 |  |  | $ | 119,367 |  |  | $ | 164,975 |  |  | $ | - |  |  | $ | 1,064,665 |
Depreciation expense in cost of products sold |  |  | 23,483 |  |  |  | 22,558 |  |  |  | 7,639 |  |  |  | 20,251 |  |  |  | 8,274 |  |  |  | 7,371 |  |  |  | - |  |  |  | 89,576 |
Total cost of products sold |  | $ | 261,184 |  |  | $ | 232,026 |  |  | $ | 81,003 |  |  | $ | 280,041 |  |  | $ | 127,641 |  |  | $ | 172,346 |  |  | $ | - |  |  | $ | 1,154,241 |
Gross profit |  | $ | 47,042 |  |  | $ | 63,369 |  |  | $ | 21,206 |  |  | $ | 87,653 |  |  | $ | 55,071 |  |  | $ | 58,936 |  |  | $ | - |  |  | $ | 333,277 |
Segment operating expenses |  | $ | 37,161 |  |  | $ | 12,944 |  |  | $ | 11,020 |  |  | $ | 16,621 |  |  | $ | 7,343 |  |  | $ | 11,441 |  |  | $ | - |  |  | $ | 96,530 |
Segment operating income |  | $ | 9,881 |  |  | $ | 50,425 |  |  | $ | 10,186 |  |  | $ | 71,032 |  |  | $ | 47,728 |  |  | $ | 47,495 |  |  | $ | - |  |  | $ | 236,747 |
Total depreciation expense |  | $ | 24,311 |  |  | $ | 23,177 |  |  | $ | 7,823 |  |  | $ | 20,585 |  |  | $ | 8,317 |  |  | $ | 7,482 |  |  | $ | 4,446 |  |  | $ | 96,141 |
Capital expenditures |  |  | 66,133 |  |  |  | 17,243 |  |  |  | 2,425 |  |  |  | 18,588 |  |  |  | 3,463 |  |  |  | 5,704 |  |  |  | 2,092 |  |  |  | 115,648 |
|  | Fiscal quarters ended |  |  | Six fiscal months ended |
|  | June 28, 2025 |  |  | June 29, 2024 |  |  | June 28, 2025 |  |  | June 29, 2024 |
Reconciliation: |  |  |  |  |  |  |  |  |  |  |  |
Segment Operating Income |  | $ | 92,063 |  |  | $ | 113,313 |  |  | $ | 175,567 |  |  | $ | 236,747 |
Unallocated Selling, General, and Administrative Expenses |  |  | (69,945 | ) |  |  | (75,396 | ) |  |  | (152,634 | ) |  |  | (156,159 | )
Consolidated Operating Income |  | $ | 22,118 |  |  | $ | 37,917 |  |  | $ | 22,933 |  |  | $ | 80,588 |
Unallocated Other Income (Expense) |  |  | (9,841 | ) |  |  | (1,646 | ) |  |  | (14,884 | ) |  |  | (55 | )
Consolidated Income Before Taxes |  | $ | 12,277 |  |  | $ | 36,271 |  |  | $ | 8,049 |  |  | $ | 80,533 |
The Company has a broad line of products that it sells to original equipment manufacturers ("OEMs"), electronic manufacturing services ("EMS") companies, and independent distributors. The distribution of sales by channel is shown below:
|  | Fiscal quarters ended |  |  | Six fiscal months ended |
|  | June 28, 2025 |  |  | June 29, 2024 |  |  | June 28, 2025 |  |  | June 29, 2024 |
Distributors |  | $ | 430,159 |  |  | $ | 411,508 |  |  | $ | 818,652 |  |  | $ | 793,988 |
OEMs |  |  | 277,255 |  |  |  | 279,111 |  |  |  | 555,601 |  |  |  | 592,938 |
EMS companies |  |  | 54,836 |  |  |  | 50,620 |  |  |  | 103,233 |  |  |  | 100,592 |
Total Revenue |  | $ | 762,250 |  |  | $ | 741,239 |  |  | $ | 1,477,486 |  |  | $ | 1,487,518 |
Net revenues were attributable to customers in the following regions:
|  | Fiscal quarters ended |  |  | Six fiscal months ended |
|  | June 28, 2025 |  |  | June 29, 2024 |  |  | June 28, 2025 |  |  | June 29, 2024 |
Asia |  | $ | 317,479 |  |  | $ | 283,489 |  |  | $ | 602,058 |  |  | $ | 567,496 |
Europe |  |  | 256,489 |  |  |  | 265,153 |  |  |  | 511,820 |  |  |  | 536,887 |
Americas |  |  | 188,282 |  |  |  | 192,597 |  |  |  | 363,608 |  |  |  | 383,135 |
Total Revenue |  | $ | 762,250 |  |  | $ | 741,239 |  |  | $ | 1,477,486 |  |  | $ | 1,487,518 |
The Company generates substantially all of its revenue from product sales to end customers in the industrial, automotive, telecommunications, computing, consumer products, power supplies, military and aerospace, and medical end markets. Sales by end market are presented below:
|  | Fiscal quarters ended |  |  | Six fiscal months ended |
|  | June 28, 2025 |  |  | June 29, 2024 |  |  | June 28, 2025 |  |  | June 29, 2024 |
Industrial |  | $ | 267,028 |  |  | $ | 262,134 |  |  | $ | 511,954 |  |  | $ | 510,262 |
Automotive |  |  | 267,423 |  |  |  | 268,099 |  |  |  | 524,535 |  |  |  | 555,401 |
Military and Aerospace |  |  | 80,488 |  |  |  | 80,569 |  |  |  | 156,805 |  |  |  | 163,925 |
Medical |  |  | 37,899 |  |  |  | 39,456 |  |  |  | 74,431 |  |  |  | 73,845 |
Other |  |  | 109,412 |  |  |  | 90,981 |  |  |  | 209,761 |  |  |  | 184,085 |
Total Revenue |  | $ | 762,250 |  |  | $ | 741,239 |  |  | $ | 1,477,486 |  |  | $ | 1,487,518 |

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