SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Tables)
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6 Months Ended |
Dec. 31, 2024 |
Segment Reporting [Abstract] |
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Schedule of Results for Reportable Segments |
The following is a summary of results for each of our three reportable segments for the indicated periods:
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Three Months Ended December 31, |
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Six Months Ended December 31, |
(In thousands) |
2024 |
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2023 |
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2024 |
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2023 |
Semiconductor Process Control: |
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Revenues |
$ |
2,755,743 |
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$ |
2,194,079 |
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$ |
5,330,894 |
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$ |
4,329,557 |
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Segment gross profit |
1,763,077 |
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1,418,339 |
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3,379,859 |
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2,804,868 |
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Specialty Semiconductor Process: |
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Revenues |
160,407 |
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150,065 |
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288,741 |
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276,784 |
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Segment gross profit |
81,122 |
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81,278 |
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145,616 |
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150,579 |
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PCB and Component Inspection: |
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Revenues |
161,080 |
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143,032 |
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299,063 |
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279,075 |
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Segment gross profit |
55,526 |
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57,165 |
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113,063 |
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96,985 |
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Totals: |
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Revenues for reportable segments |
$ |
3,077,230 |
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$ |
2,487,176 |
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$ |
5,918,698 |
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$ |
4,885,416 |
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Segment gross profit |
$ |
1,899,725 |
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$ |
1,556,782 |
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$ |
3,638,538 |
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$ |
3,052,432 |
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Schedule of Reconciliation of Total Reportable Segments Revenue to Total Revenue |
The following table reconciles total reportable segment revenues to total revenues for the indicated periods:
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Three Months Ended December 31, |
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Six Months Ended December 31, |
(In thousands) |
2024 |
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2023 |
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2024 |
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2023 |
Total revenues for reportable segments |
$ |
3,077,230 |
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$ |
2,487,176 |
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$ |
5,918,698 |
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$ |
4,885,416 |
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Corporate allocations and effects of changes in foreign currency exchange rates |
(379) |
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(450) |
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(306) |
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(1,734) |
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Total revenues |
$ |
3,076,851 |
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$ |
2,486,726 |
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$ |
5,918,392 |
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$ |
4,883,682 |
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Schedule of Reconciliation of Total Segment Gross Profit to Income Before Income Taxes |
The following table reconciles total segment gross profit to income before income taxes for the indicated periods:
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Three Months Ended December 31, |
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Six Months Ended December 31, |
(In thousands) |
2024 |
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2023 |
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2024 |
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2023 |
Total segment gross profit |
$ |
1,899,725 |
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$ |
1,556,782 |
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$ |
3,638,538 |
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$ |
3,052,432 |
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Acquisition-related charges, corporate allocations and effects of changes in foreign currency exchange rates(1)
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44,335 |
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46,802 |
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89,038 |
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92,387 |
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R&D |
346,157 |
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320,418 |
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669,302 |
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631,632 |
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SG&A |
267,081 |
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237,244 |
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518,123 |
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476,889 |
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Impairment of goodwill and purchased intangible assets |
239,100 |
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219,000 |
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239,100 |
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219,000 |
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Interest expense |
74,981 |
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74,202 |
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157,152 |
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148,436 |
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Other expense (income), net |
(44,458) |
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(32,154) |
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(85,393) |
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(58,893) |
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Income before income taxes |
$ |
972,529 |
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$ |
691,270 |
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$ |
2,051,216 |
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$ |
1,542,981 |
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__________________
(1)Acquisition-related charges primarily include amortization of intangible assets and other acquisition-related costs classified or presented as part of costs of revenues.
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Schedule of Revenues by Geographic Region |
The following is a summary of revenues by geographic region, based on ship-to location, for the indicated periods:
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(Dollar amounts in thousands) |
Three Months Ended December 31, |
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Six Months Ended December 31, |
2024 |
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2023 |
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2024 |
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2023 |
Revenues: |
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China |
$ |
1,092,525 |
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36 |
% |
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$ |
1,027,780 |
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41 |
% |
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$ |
2,290,829 |
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39 |
% |
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$ |
2,053,724 |
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42 |
% |
Taiwan |
881,211 |
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29 |
% |
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375,259 |
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15 |
% |
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1,343,202 |
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23 |
% |
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780,602 |
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16 |
% |
Korea |
357,434 |
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12 |
% |
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310,672 |
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12 |
% |
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596,108 |
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10 |
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530,493 |
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11 |
% |
North America |
286,191 |
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9 |
% |
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263,613 |
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11 |
% |
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787,134 |
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13 |
% |
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514,326 |
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10 |
% |
Japan |
228,614 |
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7 |
% |
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297,757 |
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12 |
% |
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417,183 |
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7 |
% |
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525,134 |
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11 |
% |
Europe and Israel |
134,266 |
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4 |
% |
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123,362 |
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5 |
% |
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279,086 |
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5 |
% |
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291,798 |
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6 |
% |
Rest of Asia |
96,610 |
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3 |
% |
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88,283 |
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4 |
% |
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204,850 |
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3 |
% |
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187,605 |
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4 |
% |
Total |
$ |
3,076,851 |
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100 |
% |
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$ |
2,486,726 |
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100 |
% |
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$ |
5,918,392 |
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100 |
% |
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$ |
4,883,682 |
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100 |
% |
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Schedule of Revenues by Major Products |
The following is a summary of revenues by major product categories for the indicated periods:
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(Dollar amounts in thousands) |
Three Months Ended December 31, |
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Six Months Ended December 31, |
2024 |
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2023 |
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2024 |
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2023 |
Revenues: |
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Wafer Inspection |
$ |
1,562,610 |
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51 |
% |
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$ |
1,166,484 |
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47 |
% |
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$ |
2,931,553 |
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50 |
% |
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$ |
2,176,682 |
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45 |
% |
Patterning |
530,680 |
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17 |
% |
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430,384 |
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17 |
% |
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1,107,089 |
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19 |
% |
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972,872 |
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20 |
% |
Specialty Semiconductor Process |
142,987 |
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5 |
% |
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136,278 |
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6 |
% |
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255,789 |
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4 |
% |
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248,381 |
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5 |
% |
PCB and Component Inspection |
93,327 |
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3 |
% |
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77,298 |
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3 |
% |
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166,235 |
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3 |
% |
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148,462 |
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3 |
% |
Services |
667,389 |
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22 |
% |
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564,917 |
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23 |
% |
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1,311,541 |
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22 |
% |
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1,125,209 |
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23 |
% |
Other |
79,858 |
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2 |
% |
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111,365 |
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4 |
% |
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146,185 |
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2 |
% |
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212,076 |
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4 |
% |
Total |
$ |
3,076,851 |
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100 |
% |
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$ |
2,486,726 |
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100 |
% |
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$ |
5,918,392 |
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100 |
% |
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$ |
4,883,682 |
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100 |
% |
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Schedule of Long-Lived Assets by Geographic Region |
Land, property and equipment, net by geographic region as of the dates indicated below were as follows:
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As of |
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As of |
(In thousands) |
December 31, 2024 |
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June 30, 2024 |
Land, property and equipment, net: |
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United States |
$ |
700,963 |
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$ |
689,937 |
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Europe |
218,372 |
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155,812 |
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Singapore |
147,895 |
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148,557 |
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Israel |
75,685 |
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84,279 |
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Rest of Asia |
31,013 |
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31,383 |
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Total |
$ |
1,173,928 |
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$ |
1,109,968 |
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