SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Tables)
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9 Months Ended |
Mar. 31, 2025 |
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 March 31, |
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Nine Months Ended March 31, |
(In thousands) |
2025 |
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2024 |
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2025 |
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2024 |
Semiconductor Process Control: |
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Revenues |
$ |
2,738,817 |
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$ |
2,096,005 |
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$ |
8,069,711 |
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$ |
6,425,562 |
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Segment gross profit |
1,765,194 |
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1,343,467 |
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5,145,053 |
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4,148,335 |
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Specialty Semiconductor Process: |
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Revenues |
156,500 |
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130,649 |
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445,241 |
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407,433 |
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Segment gross profit |
83,827 |
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69,280 |
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229,443 |
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219,859 |
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PCB and Component Inspection: |
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Revenues |
168,552 |
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133,399 |
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467,615 |
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412,474 |
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Segment gross profit |
81,099 |
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(949) |
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194,162 |
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96,036 |
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Totals: |
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Revenues for reportable segments |
$ |
3,063,869 |
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$ |
2,360,053 |
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$ |
8,982,567 |
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$ |
7,245,469 |
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Segment gross profit |
$ |
1,930,120 |
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$ |
1,411,798 |
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$ |
5,568,658 |
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$ |
4,464,230 |
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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 March 31, |
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Nine Months Ended March 31, |
(In thousands) |
2025 |
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2024 |
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2025 |
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2024 |
Total revenues for reportable segments |
$ |
3,063,869 |
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$ |
2,360,053 |
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$ |
8,982,567 |
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$ |
7,245,469 |
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Corporate allocations and effects of changes in foreign currency exchange rates |
(840) |
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(223) |
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(1,146) |
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(1,957) |
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Total revenues |
$ |
3,063,029 |
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$ |
2,359,830 |
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$ |
8,981,421 |
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$ |
7,243,512 |
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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 March 31, |
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Nine Months Ended March 31, |
(In thousands) |
2025 |
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2024 |
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2025 |
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2024 |
Total segment gross profit |
$ |
1,930,120 |
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$ |
1,411,798 |
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$ |
5,568,658 |
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$ |
4,464,230 |
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Acquisition-related charges, corporate allocations and effects of changes in foreign currency exchange rates(1)
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42,780 |
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45,853 |
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131,818 |
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138,240 |
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R&D |
338,043 |
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321,590 |
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1,007,345 |
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953,222 |
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SG&A |
248,905 |
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237,514 |
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767,028 |
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714,403 |
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Impairment of goodwill and purchased intangible assets |
— |
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70,474 |
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239,100 |
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289,474 |
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Interest expense |
71,889 |
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79,981 |
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229,041 |
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228,417 |
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Other expense (income), net |
(35,930) |
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(45,622) |
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(121,323) |
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(104,515) |
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Income before income taxes |
$ |
1,264,433 |
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$ |
702,008 |
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$ |
3,315,649 |
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$ |
2,244,989 |
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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 March 31, |
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Nine Months Ended March 31, |
2025 |
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2024 |
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2025 |
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2024 |
Revenues: |
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Taiwan |
$ |
988,470 |
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32 |
% |
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$ |
433,916 |
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18 |
% |
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$ |
2,331,672 |
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26 |
% |
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$ |
1,214,518 |
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17 |
% |
China |
792,884 |
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26 |
% |
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996,885 |
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42 |
% |
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3,083,713 |
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34 |
% |
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3,050,609 |
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42 |
% |
Korea |
378,548 |
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12 |
% |
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201,290 |
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9 |
% |
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974,656 |
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11 |
% |
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731,783 |
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10 |
% |
Japan |
338,651 |
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11 |
% |
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267,045 |
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11 |
% |
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755,834 |
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9 |
% |
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792,179 |
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11 |
% |
North America |
293,980 |
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10 |
% |
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246,993 |
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10 |
% |
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1,081,114 |
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12 |
% |
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761,319 |
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11 |
% |
Europe and Israel |
170,056 |
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6 |
% |
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129,350 |
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6 |
% |
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449,142 |
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5 |
% |
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421,148 |
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6 |
% |
Rest of Asia |
100,440 |
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3 |
% |
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84,351 |
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4 |
% |
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305,290 |
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3 |
% |
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271,956 |
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3 |
% |
Total |
$ |
3,063,029 |
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100 |
% |
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$ |
2,359,830 |
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100 |
% |
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$ |
8,981,421 |
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100 |
% |
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$ |
7,243,512 |
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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 March 31, |
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Nine Months Ended March 31, |
2025 |
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2024 |
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2025 |
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2024 |
Revenues: |
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Wafer Inspection |
$ |
1,495,685 |
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49 |
% |
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$ |
987,709 |
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42 |
% |
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$ |
4,427,238 |
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49 |
% |
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$ |
3,164,391 |
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43 |
% |
Patterning |
636,415 |
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21 |
% |
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539,296 |
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23 |
% |
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1,743,504 |
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20 |
% |
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1,512,168 |
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21 |
% |
Specialty Semiconductor Process |
138,376 |
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4 |
% |
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116,449 |
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5 |
% |
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394,165 |
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4 |
% |
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364,830 |
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5 |
% |
PCB and Component Inspection |
104,254 |
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3 |
% |
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68,332 |
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3 |
% |
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270,489 |
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3 |
% |
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216,794 |
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3 |
% |
Services |
669,208 |
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22 |
% |
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590,461 |
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25 |
% |
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1,980,749 |
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22 |
% |
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1,715,670 |
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24 |
% |
Other |
19,091 |
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1 |
% |
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57,583 |
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2 |
% |
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165,276 |
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2 |
% |
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269,659 |
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4 |
% |
Total |
$ |
3,063,029 |
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100 |
% |
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$ |
2,359,830 |
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100 |
% |
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$ |
8,981,421 |
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100 |
% |
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$ |
7,243,512 |
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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) |
March 31, 2025 |
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June 30, 2024 |
Land, property and equipment, net: |
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United States |
$ |
710,572 |
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$ |
689,937 |
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Europe |
231,375 |
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155,812 |
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Singapore |
152,287 |
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148,557 |
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Israel |
71,970 |
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84,279 |
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Rest of Asia |
32,098 |
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31,383 |
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Total |
$ |
1,198,302 |
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$ |
1,109,968 |
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