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Note 10 - Segment and Geographic Information
 6 Months Ended
Jun. 27, 2026
Notes to Financial Statements  
Segment Reporting [Text Block]

10.

Segment and Geographic Information

 

We applied the provisions of ASC 280, which sets forth a management approach to segment reporting and establishes requirements to report selected segment information quarterly and to report annually entity-wide disclosures about products, major customers and the geographies in which the entity holds material assets and reports revenue. An operating segment is defined as a component that engages in business activities whose operating results are reviewed by the CODM, which is our Chief Executive Officer Luis A. Müller, and for which discrete financial information is available. We have determined that our three identified operating segments are: TH, ST and IS. Our three operating segments qualify for aggregation under ASC 280 due to similarities in their customers, their economic characteristics, and the nature of products and services provided. As a result, we report in one segment, Semiconductor Test & Inspection, which derives revenue from the design and manufacture of equipment and components used in the testing of semiconductors.

 

The CODM assesses performance of the Semiconductor Test & Inspection segment and decides how to allocate resources based on income (loss) before taxes. The table below summarizes selected financial information for our single reportable segment.

 

   

Three Months

Ended 

    

Three Months

Ended

    

Six Months

Ended

    

Six Months

Ended

  
   

June 27, 

    

June 28,

    

June 27,

    

June 28,

  

(in thousands)

  

2026

    

2025

    

2026

    

2025

  

Net sales

   $ 149,002     $ 107,680     $ 274,121     $ 204,477  

Cost of sales

     81,193       60,173       148,133       114,327  

Research and development

     23,870       21,674       49,289       43,607  

Selling

     14,521       13,320       29,229       26,445  

General & administrative

     14,623       12,783       29,482       24,984  

Amortization of purchased intangible assets

     7,277       10,081       14,577       19,933  

Stock-based compensation

     6,593       5,675       12,869       11,905  

Other segment items (1)

     (1,064 )     (1,195 )     (2,434 )     4,073  

Income (loss) before taxes

   $ 1,989     $ (14,831 )   $ (7,024 )   $ (40,797 )

 

 

(1)

Other segment items include restructuring charges as well as miscellaneous non-operating items.

 

For revenues by geography and information on customer concentration, see Note 1, “Summary of Significant Accounting Policies”.