Quarterly report [Sections 13 or 15(d)]

SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Tables)

v3.25.4
SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Tables)
 6 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Schedule of Results for Reportable Segments
The following is a summary of results for each of our three reportable segments for the indicated periods:
(In thousands)
 Semiconductor Process Control Specialty Semiconductor Process PCB and Component Inspection Total
For the three months ended December 31, 2025
Revenue $ 3,004,648  $ 140,577  $ 152,175  $ 3,297,400 
Less:
Cost of revenue 1,085,042  73,688  80,432 
R&D 333,828  16,911  37,001 
SG&A 237,621  11,951  25,266 
Other segment items (1)
9,744  27,281  11,978 
Segment profit (loss) $ 1,338,413  $ 10,746  $ (2,502) $ 1,346,657 
For the three months ended December 31, 2024
Revenue $ 2,755,743  $ 160,407  $ 161,080  $ 3,077,230 
Less:
Cost of revenue 992,666  79,285  105,554 
R&D 299,315  11,018  35,319 
SG&A 215,406  13,762  26,397 
Other segment items (1)
10,546  27,283  259,929 
Segment profit (loss) $ 1,237,810  $ 29,059  $ (266,119) $ 1,000,750 
For the six months ended December 31, 2025
Revenue $ 5,904,040  $ 260,332  $ 341,663  $ 6,506,035 
Less:
Cost of revenue 2,141,879  135,229  173,615 
R&D 644,844  30,417  69,113 
SG&A 452,664  23,388  50,969 
Other segment items (1)
19,489  54,562  23,977 
Segment profit $ 2,645,164  $ 16,736  $ 23,989  $ 2,685,889 
For the six months ended December 31, 2024
Revenue $ 5,330,894  $ 288,741  $ 299,063  $ 5,918,698 
Less:
Cost of revenue 1,951,035  143,125  186,000 
R&D 573,770  21,318  71,336 
SG&A 408,828  27,702  54,053 
Other segment items (1)
22,123  54,564  277,764 
Segment profit (loss) $ 2,375,138  $ 42,032  $ (290,090) $ 2,127,080 
__________________
(1)Other segment items for each reportable segment includes:
•Semiconductor Process Control — amortization of purchased intangible assets and acquisition related expenses.
•Specialty Semiconductor Process — amortization of purchased intangible assets.
•PCB and Component Inspection — amortization of purchased intangible assets for all periods presented and impairment of goodwill and purchased intangible assets for the three and six months ended December 31, 2024.
Schedule of Reconciliation of Total Reportable Segments Revenue to Total Revenue
The following table reconciles total reportable segment revenue to total revenue for the indicated periods:
  Three Months Ended December 31, Six Months Ended December 31,
(In thousands) 2025 2024 2025 2024
Total revenues for reportable segments $ 3,297,400  $ 3,077,230  $ 6,506,035  $ 5,918,698 
Effects of changes in foreign currency exchange rates (254) (379) 807  (306)
Total revenues $ 3,297,146  $ 3,076,851  $ 6,506,842  $ 5,918,392 
Schedule of Reconciliation of Total Segment Gross Profit to Income Before Income Taxes
The following table reconciles total segment profit to total income before income taxes for the indicated periods:
  Three Months Ended December 31, Six Months Ended December 31,
(In thousands) 2025 2024 2025 2024
Total segment profit $ 1,346,657  $ 1,000,750  $ 2,685,889  $ 2,127,080 
Unallocated amounts (1)
(15,489) (2,302) (13,434) 4,105 
Interest expense 69,668  74,981  140,743  157,152 
Other expense (income), net (37,825) (44,458) (81,199) (85,393)
Income before income taxes $ 1,330,303  $ 972,529  $ 2,639,779  $ 2,051,216 
__________________
(1)Unallocated amounts include effects of changes in exchange rates, as well as restructuring costs and other corporate expenses.
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:
(Dollar amounts in thousands) Three Months Ended December 31, Six Months Ended December 31,
2025 2024 2025 2024
Revenues:
China $ 994,891  30.2  % $ 1,092,525  35.5  % $ 2,262,047  34.8  % $ 2,290,829  38.7  %
Taiwan 844,987  25.6  % 881,211  28.6  % 1,638,595  25.2  % 1,343,202  22.7  %
Korea 479,314  14.5  % 357,434  11.6  % 778,687  12.0  % 596,108  10.1  %
North America 394,231  12.0  % 286,191  9.3  % 692,138  10.6  % 787,134  13.3  %
Japan 229,050  6.9  % 228,614  7.5  % 524,259  8.1  % 417,183  7.0  %
Rest of Asia 193,503  5.9  % 96,610  3.1  % 298,970  4.5  % 204,850  3.5  %
Europe and Israel 161,170  4.9  % 134,266  4.4  % 312,146  4.8  % 279,086  4.7  %
Total $ 3,297,146  100.0  % $ 3,076,851  100.0  % $ 6,506,842  100.0  % $ 5,918,392  100.0  %
Schedule of Revenues by Major Products
The following is a summary of revenues by major product categories for the indicated periods:
(Dollar amounts in thousands) Three Months Ended December 31, Six Months Ended December 31,
2025 2024 2025 2024
Revenues:
Wafer Inspection $ 1,572,782  48  % $ 1,562,610  51  % $ 3,110,026  48  % $ 2,931,553  50  %
Patterning 696,161  21  % 530,680  17  % 1,363,588  21  % 1,107,089  19  %
Specialty Semiconductor Process 121,588  4  % 142,987  5  % 221,807  3  % 255,789  4  %
PCB and Component Inspection 80,348  2  % 93,327  3  % 197,646  3  % 166,235  3  %
Services 786,053  24  % 667,389  22  % 1,530,743  24  % 1,311,541  22  %
Other 40,214  1  % 79,858  2  % 83,032  1  % 146,185  2  %
Total $ 3,297,146  100  % $ 3,076,851  100  % $ 6,506,842  100  % $ 5,918,392  100  %
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:
As of As of
(In thousands) December 31, 2025 June 30, 2025
Land, property and equipment, net:
United States $ 764,869  $ 728,162 
Europe 280,639  253,848 
Singapore 165,596  153,052 
Rest of Asia 71,257  49,109 
Israel 62,407  68,604 
Total $ 1,344,768  $ 1,252,775