Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Tables)

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SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Tables)
 9 Months Ended
Mar. 31, 2024
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:
  Three Months Ended March 31, Nine Months Ended March 31,
(In thousands) 2024 2023 2024 2023
Semiconductor Process Control:
Revenues $ 2,096,005  $ 2,171,557  $ 6,425,562  $ 7,226,711 
Segment gross profit 1,343,467  1,367,886  4,148,335  4,622,905 
Specialty Semiconductor Process:
Revenues 130,649  128,438  407,433  414,390 
Segment gross profit 69,280  65,328  219,859  216,408 
PCB, Display and Component Inspection:
Revenues 133,399  131,923  412,474  502,627 
Segment gross profit (949) 43,361  96,036  182,899 
Totals:
Revenues for reportable segments $ 2,360,053  $ 2,431,918  $ 7,245,469  $ 8,143,728 
Segment gross profit $ 1,411,798  $ 1,476,575  $ 4,464,230  $ 5,022,212 
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:
  Three Months Ended March 31, Nine Months Ended March 31,
(In thousands) 2024 2023 2024 2023
Total revenues for reportable segments $ 2,360,053  $ 2,431,918  $ 7,245,469  $ 8,143,728 
Corporate allocations and effects of changes in foreign currency exchange rates (223) 690  (1,957) (2,809)
Total revenues $ 2,359,830  $ 2,432,608  $ 7,243,512  $ 8,140,919 
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:
  Three Months Ended March 31, Nine Months Ended March 31,
(In thousands) 2024 2023 2024 2023
Total segment gross profit $ 1,411,798  $ 1,476,575  $ 4,464,230  $ 5,022,212 
Acquisition-related charges, corporate allocations and effects of changes in foreign currency exchange rates(1)
45,853  49,313  138,240  136,651 
R&D 321,590  328,276  953,222  979,617 
SG&A 237,514  238,393  714,403  735,469 
Impairment of goodwill and purchased intangible assets 70,474  —  289,474  — 
Interest expense 79,981  74,774  228,417  223,449 
Loss on extinguishment of debt —  —  —  13,286 
Other expense (income), net (45,622) (14,864) (104,515) (79,944)
Income before income taxes $ 702,008  $ 800,683  $ 2,244,989  $ 3,013,684 
__________________
(1)Acquisition-related charges primarily include amortization of intangible assets and other acquisition-related costs classified or presented as part of costs of revenues.
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,
2024 2023 2024 2023
Revenues:
China $ 996,885  42  % $ 635,018  26  % $ 3,050,609  42  % $ 2,156,380  26  %
Taiwan 433,916  18  % 478,855  20  % 1,214,518  17  % 1,996,188  24  %
Japan 267,045  11  % 215,531  9  % 792,179  11  % 702,986  9  %
North America 246,993  10  % 341,376  14  % 761,319  11  % 941,771  12  %
Korea 201,290  9  % 468,226  19  % 731,783  10  % 1,466,624  18  %
Europe and Israel 129,350  6  % 209,136  9  % 421,148  6  % 542,823  7  %
Rest of Asia 84,351  4  % 84,466  3  % 271,956  3  % 334,147  4  %
Total $ 2,359,830  100  % $ 2,432,608  100  % $ 7,243,512  100  % $ 8,140,919  100  %
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,
2024 2023 2024 2023
Revenues:
Wafer Inspection $ 987,709  42  % $ 1,027,191  42  % $ 3,164,391  43  % $ 3,386,273  42  %
Patterning 539,296  23  % 611,631  25  % 1,512,168  21  % 2,206,263  27  %
Specialty Semiconductor Process 116,449  5  % 114,896  5  % 364,830  5  % 374,882  5  %
PCB, Display and Component Inspection 68,332  3  % 69,495  3  % 216,794  3  % 312,582  4  %
Services 590,461  25  % 529,124  22  % 1,715,670  24  % 1,578,418  19  %
Other 57,583  2  % 80,271  3  % 269,659  4  % 282,501  3  %
Total $ 2,359,830  100  % $ 2,432,608  100  % $ 7,243,512  100  % $ 8,140,919  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, 2024 June 30, 2023
Land, property and equipment, net:
United States $ 701,223  $ 672,561 
Singapore 150,808  150,989 
Europe 129,824  74,015 
Israel 89,445  92,815 
Rest of Asia 34,978  41,461 
Total $ 1,106,278  $ 1,031,841