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v3.25.3

Segment Information | 9 Months Ended
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Sep. 27, 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 September 27, 2025: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net revenues |  | $ | 167,133 |  |  | $ | 149,628 |  |  | $ | 55,590 |  |  | $ | 195,707 |  |  | $ | 91,990 |  |  | $ | 130,592 |  |  | $ | - |  |  | $ | 790,640 |
Cost of products sold (excluding depreciation) |  | $ | 136,338 |  |  | $ | 107,150 |  |  | $ | 38,855 |  |  | $ | 145,064 |  |  | $ | 59,469 |  |  | $ | 99,697 |  |  | $ | - |  |  | $ | 586,573 |
Depreciation expense in costs of products sold |  |  | 13,985 |  |  |  | 12,088 |  |  |  | 4,023 |  |  |  | 11,260 |  |  |  | 4,240 |  |  |  | 4,612 |  |  |  | - |  |  |  | 50,208 |
Total costs of products sold |  | $ | 150,323 |  |  | $ | 119,238 |  |  | $ | 42,878 |  |  | $ | 156,324 |  |  | $ | 63,709 |  |  | $ | 104,309 |  |  | $ | - |  |  | $ | 636,781 |
Gross profit |  | $ | 16,810 |  |  | $ | 30,390 |  |  | $ | 12,712 |  |  | $ | 39,383 |  |  | $ | 28,281 |  |  | $ | 26,283 |  |  | $ | - |  |  | $ | 153,859 |
Segment operating expenses |  | $ | 23,207 |  |  | $ | 7,616 |  |  | $ | 5,518 |  |  | $ | 9,506 |  |  | $ | 3,802 |  |  | $ | 6,407 |  |  | $ | - |  |  | $ | 56,056 |
Segment operating income (loss) |  | $ | (6,397 | ) |  | $ | 22,774 |  |  | $ | 7,194 |  |  | $ | 29,877 |  |  | $ | 24,479 |  |  | $ | 19,876 |  |  | $ | - |  |  | $ | 97,803 |
Total depreciation expense |  | $ | 14,691 |  |  | $ | 12,377 |  |  | $ | 4,142 |  |  | $ | 11,463 |  |  | $ | 4,294 |  |  | $ | 4,656 |  |  | $ | 2,385 |  |  | $ | 54,008 |
Capital expenditures |  |  | 32,225 |  |  |  | 7,796 |  |  |  | 2,292 |  |  |  | 3,876 |  |  |  | 738 |  |  |  | 4,754 |  |  |  | 643 |  |  |  | 52,324 |
Total assets as of September 27, 2025: |  | $ | 1,145,176 |  |  | $ | 715,379 |  |  | $ | 357,933 |  |  | $ | 946,334 |  |  | $ | 319,553 |  |  | $ | 457,475 |  |  | $ | 254,126 |  |  | $ | 4,195,976 |
Fiscal quarter ended September 28, 2024: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net revenues |  | $ | 147,134 |  |  | $ | 145,183 |  |  | $ | 63,227 |  |  | $ | 180,889 |  |  | $ | 90,253 |  |  | $ | 108,667 |  |  | $ | - |  |  | $ | 735,353 |
Cost of products sold (excluding depreciation) |  | $ | 117,080 |  |  | $ | 104,400 |  |  | $ | 47,752 |  |  | $ | 129,691 |  |  | $ | 58,516 |  |  | $ | 79,964 |  |  | $ | - |  |  | $ | 537,403 |
Depreciation expense in cost of products sold |  |  | 12,876 |  |  |  | 11,538 |  |  |  | 3,927 |  |  |  | 10,547 |  |  |  | 4,371 |  |  |  | 3,808 |  |  |  | - |  |  |  | 47,067 |
Total cost of products sold |  | $ | 129,956 |  |  | $ | 115,938 |  |  | $ | 51,679 |  |  | $ | 140,238 |  |  | $ | 62,887 |  |  | $ | 83,772 |  |  | $ | - |  |  | $ | 584,470 |
Gross profit |  | $ | 17,178 |  |  | $ | 29,245 |  |  | $ | 11,548 |  |  | $ | 40,651 |  |  | $ | 27,366 |  |  | $ | 24,895 |  |  | $ | - |  |  | $ | 150,883 |
Segment operating expenses |  | $ | 21,443 |  |  | $ | 6,497 |  |  | $ | 5,395 |  |  | $ | 8,346 |  |  | $ | 3,717 |  |  | $ | 5,978 |  |  | $ | - |  |  | $ | 51,376 |
Segment operating income (loss) |  | $ | (4,265 | ) |  | $ | 22,748 |  |  | $ | 6,153 |  |  | $ | 32,305 |  |  | $ | 23,649 |  |  | $ | 18,917 |  |  | $ | - |  |  | $ | 99,507 |
Total depreciation expense |  | $ | 13,446 |  |  | $ | 11,811 |  |  | $ | 4,042 |  |  | $ | 10,742 |  |  | $ | 4,388 |  |  | $ | 3,852 |  |  | $ | 2,223 |  |  | $ | 50,504 |
Capital expenditures |  |  | 33,375 |  |  |  | 7,989 |  |  |  | 1,566 |  |  |  | 8,021 |  |  |  | 2,314 |  |  |  | 4,923 |  |  |  | 1,339 |  |  |  | 59,527 |
Total assets as of September 28, 2024: |  | $ | 1,082,808 |  |  | $ | 745,232 |  |  | $ | 354,035 |  |  | $ | 1,007,259 |  |  | $ | 345,603 |  |  | $ | 442,753 |  |  | $ | 242,668 |  |  | $ | 4,220,358 |
|  | MOSFETs |  |  | Diodes |  |  | Optoelectronic Components |  |  | Resistors |  |  | Inductors |  |  | Capacitors |  |  | Corporate/ Other |  |  | Total |
Nine fiscal months ended September 27, 2025: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net revenues |  | $ | 457,879 |  |  | $ | 438,533 |  |  | $ | 160,877 |  |  | $ | 569,976 |  |  | $ | 271,786 |  |  | $ | 369,075 |  |  | $ | - |  |  | $ | 2,268,126 |
Cost of products sold (excluding depreciation) |  | $ | 379,391 |  |  | $ | 315,749 |  |  | $ | 113,109 |  |  | $ | 412,866 |  |  | $ | 186,345 |  |  | $ | 276,294 |  |  | $ | - |  |  | $ | 1,683,754 |
Depreciation expense in costs of products sold |  |  | 40,693 |  |  |  | 34,834 |  |  |  | 11,798 |  |  |  | 33,043 |  |  |  | 12,727 |  |  |  | 13,181 |  |  |  | - |  |  |  | 146,276 |
Total costs of products sold |  | $ | 420,084 |  |  | $ | 350,583 |  |  | $ | 124,907 |  |  | $ | 445,909 |  |  | $ | 199,072 |  |  | $ | 289,475 |  |  | $ | - |  |  | $ | 1,830,030 |
Gross profit |  | $ | 37,795 |  |  | $ | 87,950 |  |  | $ | 35,970 |  |  | $ | 124,067 |  |  | $ | 72,714 |  |  | $ | 79,600 |  |  | $ | - |  |  | $ | 438,096 |
Segment operating expenses |  | $ | 67,411 |  |  | $ | 21,794 |  |  | $ | 16,542 |  |  | $ | 28,130 |  |  | $ | 11,384 |  |  | $ | 19,465 |  |  | $ | - |  |  | $ | 164,726 |
Segment operating income (loss) |  | $ | (29,616 | ) |  | $ | 66,156 |  |  | $ | 19,428 |  |  | $ | 95,937 |  |  | $ | 61,330 |  |  | $ | 60,135 |  |  | $ | - |  |  | $ | 273,370 |
Total depreciation expense |  | $ | 42,605 |  |  | $ | 35,777 |  |  | $ | 12,140 |  |  | $ | 33,635 |  |  | $ | 12,868 |  |  | $ | 13,312 |  |  | $ | 6,868 |  |  | $ | 157,205 |
Capital expenditures |  |  | 124,530 |  |  |  | 15,934 |  |  |  | 7,047 |  |  |  | 12,567 |  |  |  | 2,343 |  |  |  | 13,753 |  |  |  | 2,317 |  |  |  | 178,491 |
Nine fiscal months ended September 28, 2024: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net revenues |  | $ | 455,360 |  |  | $ | 440,578 |  |  | $ | 165,436 |  |  | $ | 548,583 |  |  | $ | 272,965 |  |  | $ | 339,949 |  |  | $ | - |  |  | $ | 2,222,871 |
Cost of products sold (excluding depreciation) |  | $ | 354,781 |  |  | $ | 313,868 |  |  | $ | 121,116 |  |  | $ | 389,481 |  |  | $ | 177,883 |  |  | $ | 244,939 |  |  | $ | - |  |  | $ | 1,602,068 |
Depreciation expense in cost of products sold |  |  | 36,359 |  |  |  | 34,096 |  |  |  | 11,566 |  |  |  | 30,798 |  |  |  | 12,645 |  |  |  | 11,179 |  |  |  | - |  |  |  | 136,643 |
Total cost of products sold |  | $ | 391,140 |  |  | $ | 347,964 |  |  | $ | 132,682 |  |  | $ | 420,279 |  |  | $ | 190,528 |  |  | $ | 256,118 |  |  | $ | - |  |  | $ | 1,738,711 |
Gross profit |  | $ | 64,220 |  |  | $ | 92,614 |  |  | $ | 32,754 |  |  | $ | 128,304 |  |  | $ | 82,437 |  |  | $ | 83,831 |  |  | $ | - |  |  | $ | 484,160 |
Segment operating expenses |  | $ | 58,604 |  |  | $ | 19,441 |  |  | $ | 16,415 |  |  | $ | 24,967 |  |  | $ | 11,060 |  |  | $ | 17,419 |  |  | $ | - |  |  | $ | 147,906 |
Segment operating income |  | $ | 5,616 |  |  | $ | 73,173 |  |  | $ | 16,339 |  |  | $ | 103,337 |  |  | $ | 71,377 |  |  | $ | 66,412 |  |  | $ | - |  |  | $ | 336,254 |
Total depreciation expense |  | $ | 37,757 |  |  | $ | 34,988 |  |  | $ | 11,865 |  |  | $ | 31,327 |  |  | $ | 12,705 |  |  | $ | 11,334 |  |  | $ | 6,669 |  |  | $ | 146,645 |
Capital expenditures |  |  | 99,508 |  |  |  | 25,232 |  |  |  | 3,991 |  |  |  | 26,609 |  |  |  | 5,777 |  |  |  | 10,627 |  |  |  | 3,431 |  |  |  | 175,175 |
|  | Fiscal quarters ended |  |  | Nine fiscal months ended |
|  | September 27, 2025 |  |  | September 28, 2024 |  |  | September 27, 2025 |  |  | September 28, 2024 |
Reconciliation: |  |  |  |  |  |  |  |  |  |  |  |
Segment Operating Income |  | $ | 97,803 |  |  | $ | 99,507 |  |  | $ | 273,370 |  |  | $ | 336,254 |
Restructuring and Severance Costs |  |  | - |  |  |  | (40,614 | ) |  |  | - |  |  |  | (40,614 | )
Unallocated Selling, General, and Administrative Expenses |  |  | (78,656 | ) |  |  | (77,169 | ) |  |  | (231,290 | ) |  |  | (233,328 | )
Consolidated Operating Income (Loss) |  | $ | 19,147 |  |  | $ | (18,276 | ) |  | $ | 42,080 |  |  | $ | 62,312 |
Unallocated Other Income (Expense) |  |  | (7,260 | ) |  |  | (5,793 | ) |  |  | (22,144 | ) |  |  | (5,848 | )
Consolidated Income (Loss) Before Taxes |  | $ | 11,887 |  |  | $ | (24,069 | ) |  | $ | 19,936 |  |  | $ | 56,464 |
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 |  |  | Nine fiscal months ended |
|  | September 27, 2025 |  |  | September 28, 2024 |  |  | September 27, 2025 |  |  | September 28, 2024 |
Distributors |  | $ | 445,597 |  |  | $ | 406,468 |  |  | $ | 1,264,249 |  |  | $ | 1,200,456 |
OEMs |  |  | 294,146 |  |  |  | 278,801 |  |  |  | 849,747 |  |  |  | 871,739 |
EMS companies |  |  | 50,897 |  |  |  | 50,084 |  |  |  | 154,130 |  |  |  | 150,676 |
Total Revenue |  | $ | 790,640 |  |  | $ | 735,353 |  |  | $ | 2,268,126 |  |  | $ | 2,222,871 |
Net revenues were attributable to customers in the following regions:
|  | Fiscal quarters ended |  |  | Nine fiscal months ended |
|  | September 27, 2025 |  |  | September 28, 2024 |  |  | September 27, 2025 |  |  | September 28, 2024 |
Asia |  | $ | 340,255 |  |  | $ | 289,577 |  |  | $ | 942,313 |  |  | $ | 857,073 |
Europe |  |  | 258,763 |  |  |  | 256,296 |  |  |  | 770,583 |  |  |  | 793,183 |
Americas |  |  | 191,622 |  |  |  | 189,480 |  |  |  | 555,230 |  |  |  | 572,615 |
Total Revenue |  | $ | 790,640 |  |  | $ | 735,353 |  |  | $ | 2,268,126 |  |  | $ | 2,222,871 |
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 |  |  | Nine fiscal months ended |
|  | September 27, 2025 |  |  | September 28, 2024 |  |  | September 27, 2025 |  |  | September 28, 2024 |
Industrial |  | $ | 271,880 |  |  | $ | 243,610 |  |  | $ | 783,834 |  |  | $ | 753,872 |
Automotive |  |  | 286,606 |  |  |  | 279,597 |  |  |  | 811,141 |  |  |  | 834,998 |
Military and Aerospace |  |  | 79,139 |  |  |  | 81,264 |  |  |  | 235,944 |  |  |  | 245,189 |
Medical |  |  | 38,794 |  |  |  | 37,010 |  |  |  | 113,225 |  |  |  | 110,855 |
Other |  |  | 114,221 |  |  |  | 93,872 |  |  |  | 323,982 |  |  |  | 277,957 |
Total Revenue |  | $ | 790,640 |  |  | $ | 735,353 |  |  | $ | 2,268,126 |  |  | $ | 2,222,871 |

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