v3.25.4

Revenue Recognition | 6 Months Ended
--- | ---
Dec. 28, 2025
Revenue from Contract with Customer [Abstract] |
Revenue Recognition | Revenue Recognition Contract liabilities and distributor-related reserves were $92.2 million as of December 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 December 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:
| Successor | Predecessor |  |
(in millions of U.S. Dollars) | Period from September 30, 2025 to December 28, 2025 | September 29, 2025 | Three months ended December 29, 2024 |  |  |  |
Power Products | $118.3 |  | $— |  | $90.8 |  |  |  |  |
Materials Products | 50.2 |  | — |  | 89.7 |  |  |  |  |
Total | $168.5 |  | $— |  | $180.5 |  |  |  |  |
| Successor | Predecessor
(in millions of U.S. Dollars) | Period from September 30, 2025 to December 28, 2025 | Period from June 30, 2025 to September 29, 2025 | Six months ended December 29, 2024
Power Products | $118.3 |  | $131.8 |  | $187.9 |
Materials Products | 50.2 |  | 65.0 |  | 187.3 |
Total | $168.5 |  | $196.8 |  | $375.2 |
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:
| Successor |  | Predecessor |  |
| Period from September 30, 2025 to December 28, 2025 |  | September 29, 2025 |  | Three months ended December 29, 2024 |  |  |  |
(in millions of U.S. Dollars) | Revenue |  | % of Revenue |  | Revenue |  | % of Revenue |  | Revenue |  | % of Revenue |  |  |  |  |  |  |  |
United States | $54.8 |  |  | 32.5 | % |  | — |  |  | — | % |  | 29.2 |  |  | 16.2 | % |  |  |  |  |  |  |  |
Hong Kong | 30.6 |  |  | 18.2 | % |  | — |  |  | — | % |  | 19.2 |  |  | 10.6 | % |  |  |  |  |  |  |  |
Europe | 26.6 |  |  | 15.8 | % |  | — |  |  | — | % |  | 50.8 |  |  | 28.1 | % |  |  |  |  |  |  |  |
Asia Pacific(1) | 25.4 |  |  | 15.1 | % |  | — |  |  | — | % |  | 23.9 |  |  | 13.2 | % |  |  |  |  |  |  |  |
Singapore | 11.2 |  |  | 6.6 | % |  | — |  |  | — | % |  | 18.7 |  |  | 10.4 | % |  |  |  |  |  |  |  |
China | 9.8 |  |  | 5.8 | % |  | — |  |  | — | % |  | 16.6 |  |  | 9.2 | % |  |  |  |  |  |  |  |
Japan | 6.9 |  |  | 4.1 | % |  | — |  |  | — | % |  | 21.6 |  |  | 12.0 | % |  |  |  |  |  |  |  |
Other | 3.2 |  |  | 1.9 | % |  | — |  |  | — | % |  | 0.5 |  |  | 0.3 | % |  |  |  |  |  |  |  |
Total | $168.5 |  |  |  |  | $— |  |  |  |  | $180.5 |  |  |  |  |  |  |  |  |  |  |
(1) Excluding China, Hong Kong, Japan and Singapore
| Successor |  | Predecessor
| Period from September 30, 2025 to December 28, 2025 |  | Period from June 30, 2025 to September 29, 2025 |  | Six months ended December 29, 2024
(in millions of U.S. Dollars) | Revenue |  | % of Revenue |  | Revenue |  | % of Revenue |  | Revenue |  | % of Revenue
United States | $54.8 |  |  | 32.5 | % |  | 44.9 |  |  | 22.8 | % |  | 46.1 |  |  | 12.3 | %
Hong Kong | 30.6 |  |  | 18.2 | % |  | 26.1 |  |  | 13.3 | % |  | 52.8 |  |  | 14.1 | %
Europe | 26.6 |  |  | 15.8 | % |  | 36.3 |  |  | 18.4 | % |  | 89.6 |  |  | 23.9 | %
Asia Pacific(1) | 25.4 |  |  | 15.1 | % |  | 49.1 |  |  | 24.9 | % |  | 40.6 |  |  | 10.8 | %
Singapore | 11.2 |  |  | 6.6 | % |  | 7.6 |  |  | 3.9 | % |  | 62.8 |  |  | 16.7 | %
China | 9.8 |  |  | 5.8 | % |  | 17.9 |  |  | 9.1 | % |  | 27.0 |  |  | 7.2 | %
Japan | 6.9 |  |  | 4.1 | % |  | 13.3 |  |  | 6.8 | % |  | 55.7 |  |  | 14.8 | %
Other | 3.2 |  |  | 1.9 | % |  | 1.6 |  |  | 0.8 | % |  | 0.6 |  |  | 0.2 | %
Total | $168.5 |  |  |  |  | $196.8 |  |  |  |  | $375.2 |  |  |
(1) Excluding China, Hong Kong, Japan and Singapore

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-7 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
Name: | us-gaap_RevenueFromContractWithCustomerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration