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:
 SuccessorPredecessor
(in millions of U.S. Dollars)Period from September 30, 2025 to December 28, 2025September 29, 2025Three months ended December 29, 2024
Power Products$118.3 $— $90.8 
Materials Products50.2 — 89.7 
Total$168.5 $— $180.5 
SuccessorPredecessor
(in millions of U.S. Dollars)Period from September 30, 2025 to December 28, 2025Period from June 30, 2025 to September 29, 2025Six months ended December 29, 2024
Power Products$118.3 $131.8 $187.9 
Materials Products50.2 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:
 SuccessorPredecessor
 Period from September 30, 2025 to December 28, 2025September 29, 2025Three months ended December 29, 2024
(in millions of U.S. Dollars)Revenue% of RevenueRevenue% of RevenueRevenue% of Revenue
United States$54.8 32.5 %— — %29.2 16.2 %
Hong Kong30.6 18.2 %— — %19.2 10.6 %
Europe26.6 15.8 %— — %50.8 28.1 %
Asia Pacific(1)
25.4 15.1 %— — %23.9 13.2 %
Singapore11.2 6.6 %— — %18.7 10.4 %
China9.8 5.8 %— — %16.6 9.2 %
Japan6.9 4.1 %— — %21.6 12.0 %
Other3.2 1.9 %— — %0.5 0.3 %
Total$168.5 $— $180.5 
(1) Excluding China, Hong Kong, Japan and Singapore

 SuccessorPredecessor
 Period from September 30, 2025 to December 28, 2025Period from June 30, 2025 to September 29, 2025Six months ended December 29, 2024
(in millions of U.S. Dollars)Revenue% of RevenueRevenue% of RevenueRevenue% of Revenue
United States$54.8 32.5 %44.9 22.8 %46.1 12.3 %
Hong Kong30.6 18.2 %26.1 13.3 %52.8 14.1 %
Europe26.6 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 %
Singapore11.2 6.6 %7.6 3.9 %62.8 16.7 %
China9.8 5.8 %17.9 9.1 %27.0 7.2 %
Japan6.9 4.1 %13.3 6.8 %55.7 14.8 %
Other3.2 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