Quarterly report [Sections 13 or 15(d)]

SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Tables)

v3.26.1
SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Tables)
 9 Months Ended
Mar. 31, 2026
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 March 31, 2026
Revenue $ 3,083,912  $ 164,028  $ 167,642  $ 3,415,582 
Less:
Cost of revenue 1,127,180  88,505  80,956 
R&D 344,303  13,806  29,905 
SG&A 240,772  11,524  24,033 
Other segment items (1)
8,805  26,754  11,420 
Segment profit $ 1,362,852  $ 23,439  $ 21,328  $ 1,407,619 
For the three months ended March 31, 2025
Revenue $ 2,738,817  $ 156,500  $ 168,552  $ 3,063,869 
Less:
Cost of revenue 973,623  72,673  87,453 
R&D 289,222  12,827  30,414 
SG&A 198,305  10,415  23,909 
Other segment items (1)
10,062  27,199  16,402 
Segment profit $ 1,267,605  $ 33,386  $ 10,374  $ 1,311,365 
For the nine months ended March 31, 2026
Revenue $ 8,987,952  $ 424,360  $ 509,305  $ 9,921,617 
Less:
Cost of revenue 3,269,059  223,734  254,571 
R&D 989,147  44,223  99,018 
SG&A 693,436  34,912  75,002 
Other segment items (1)
28,294  81,316  35,397 
Segment profit $ 4,008,016  $ 40,175  $ 45,317  $ 4,093,508 
For the nine months ended March 31, 2025
Revenue $ 8,069,711  $ 445,241  $ 467,615  $ 8,982,567 
Less:
Cost of revenue 2,924,658  215,798  273,453 
R&D 862,992  34,145  101,750 
SG&A 607,133  38,117  77,962 
Other segment items (1)
32,185  81,763  294,166 
Segment profit (loss) $ 3,642,743  $ 75,418  $ (279,716) $ 3,438,445 
__________________
(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 nine months ended March 31, 2025.
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 March 31, Nine Months Ended March 31,
(In thousands) 2026 2025 2026 2025
Total revenues for reportable segments $ 3,415,582  $ 3,063,869  $ 9,921,617  $ 8,982,567 
Effects of changes in foreign currency exchange rates (504) (840) 303  (1,146)
Total revenues $ 3,415,078  $ 3,063,029  $ 9,921,920  $ 8,981,421 
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 March 31, Nine Months Ended March 31,
(In thousands) 2026 2025 2026 2025
Total segment profit $ 1,407,619  $ 1,311,365  $ 4,093,508  $ 3,438,445 
Unallocated amounts (1)
110  10,973  (13,324) 15,078 
Interest expense 70,423  71,889  211,166  229,041 
Other expense (income), net (79,675) (35,930) (160,874) (121,323)
Income before income taxes $ 1,416,761  $ 1,264,433  $ 4,056,540  $ 3,315,649 
__________________
(1)Unallocated amounts include effects of changes in exchange rates, 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 March 31, Nine Months Ended March 31,
2026 2025 2026 2025
Revenues:
Taiwan $ 869,110  25.5  % $ 988,470  32.3  % $ 2,507,705  25.3  % $ 2,331,672  26.0  %
China 829,583  24.3  % 792,884  25.9  % 3,091,630  31.2  % 3,083,713  34.3  %
Korea 681,060  19.9  % 378,548  12.4  % 1,459,747  14.7  % 974,656  10.9  %
North America 410,241  12.0  % 293,980  9.6  % 1,102,379  11.1  % 1,081,114  12.0  %
Europe and Israel 247,323  7.2  % 170,056  5.5  % 559,469  5.6  % 449,142  5.0  %
Rest of Asia 197,387  5.8  % 100,440  3.3  % 496,357  5.0  % 305,290  3.4  %
Japan 180,374  5.3  % 338,651  11.0  % 704,633  7.1  % 755,834  8.4  %
Total $ 3,415,078  100.0  % $ 3,063,029  100.0  % $ 9,921,920  100.0  % $ 8,981,421  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 March 31, Nine Months Ended March 31,
2026 2025 2026 2025
Revenues:
Wafer Inspection $ 1,739,671  51  % $ 1,495,685  49  % $ 4,849,697  49  % $ 4,427,238  49  %
Patterning 615,076  18  % 636,415  21  % 1,978,664  20  % 1,743,504  20  %
Specialty Semiconductor Process 144,199  4  % 138,376  4  % 366,006  4  % 394,165  4  %
PCB and Component Inspection 95,148  3  % 104,254  3  % 292,794  3  % 270,489  3  %
Services 774,791  23  % 669,208  22  % 2,305,534  23  % 1,980,749  22  %
Other 46,193  1  % 19,091  1  % 129,225  1  % 165,276  2  %
Total $ 3,415,078  100  % $ 3,063,029  100  % $ 9,921,920  100  % $ 8,981,421  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) March 31, 2026 June 30, 2025
Land, property and equipment, net:
United States $ 768,968  $ 728,162 
Europe 285,242  253,848 
Singapore 178,574  153,052 
Rest of Asia 71,784  49,109 
Israel 59,216  68,604 
Total $ 1,363,784  $ 1,252,775