XML 23 R10.htm IDEA: XBRL DOCUMENT v3.25.3
Revenue Recognition
3 Months Ended
Sep. 28, 2025
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
Contract liabilities and distributor-related reserves were $88.5 million as of September 28, 2025 and $65.6 million as of June 29, 2025. Contract liabilities are recorded within contract liabilities and distributor-related reserves and other long-term liabilities on the consolidated balance sheets. The increase in these reserves primarily relates to the Company's distributors carrying additional amounts of inventory as of September 28, 2025, due to planned shipments of last-time buys for the Company's 150mm offerings during the first quarter of fiscal 2026.
Product Line Revenue
The Company's continuing operations sells products from within two product lines: Power Products and silicon carbide and GaN materials ("Materials Products"). Revenue from these two product lines is as follows:
 Three months ended
(in millions of U.S. Dollars)September 28, 2025September 29, 2024
Power Products$131.8 $97.1 
Materials Products65.0 97.6 
Total$196.8 $194.7 
Geographic Information
The Company conducts business in several geographic areas. Revenue is attributed to a particular geographic region based on the shipping address for the products. Disaggregated continuing operations revenue from external customers by geographic area is as follows:
 Three months ended
 September 28, 2025September 29, 2024
(in millions of U.S. Dollars)Revenue% of RevenueRevenue% of Revenue
Asia Pacific (1)
$49.1 24.9 %16.7 8.6 %
Europe36.3 18.4 %38.8 19.9 %
Hong Kong26.1 13.3 %33.6 17.3 %
United States44.9 22.8 %16.9 8.7 %
Singapore7.6 3.9 %44.1 22.7 %
Japan13.3 6.8 %34.1 17.5 %
China17.9 9.1 %10.4 5.3 %
Other1.6 0.8 %0.1 — %
Total$196.8 $194.7 
(1) Excluding China, Hong Kong, Japan and Singapore