Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Tables)

v3.24.4
SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Tables)
 6 Months Ended
Dec. 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 December 31, Six Months Ended December 31,
(In thousands) 2024 2023 2024 2023
Semiconductor Process Control:
Revenues $ 2,755,743  $ 2,194,079  $ 5,330,894  $ 4,329,557 
Segment gross profit 1,763,077  1,418,339  3,379,859  2,804,868 
Specialty Semiconductor Process:
Revenues 160,407  150,065  288,741  276,784 
Segment gross profit 81,122  81,278  145,616  150,579 
PCB and Component Inspection:
Revenues 161,080  143,032  299,063  279,075 
Segment gross profit 55,526  57,165  113,063  96,985 
Totals:
Revenues for reportable segments $ 3,077,230  $ 2,487,176  $ 5,918,698  $ 4,885,416 
Segment gross profit $ 1,899,725  $ 1,556,782  $ 3,638,538  $ 3,052,432 
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 December 31, Six Months Ended December 31,
(In thousands) 2024 2023 2024 2023
Total revenues for reportable segments $ 3,077,230  $ 2,487,176  $ 5,918,698  $ 4,885,416 
Corporate allocations and effects of changes in foreign currency exchange rates (379) (450) (306) (1,734)
Total revenues $ 3,076,851  $ 2,486,726  $ 5,918,392  $ 4,883,682 
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 December 31, Six Months Ended December 31,
(In thousands) 2024 2023 2024 2023
Total segment gross profit $ 1,899,725  $ 1,556,782  $ 3,638,538  $ 3,052,432 
Acquisition-related charges, corporate allocations and effects of changes in foreign currency exchange rates(1)
44,335  46,802  89,038  92,387 
R&D 346,157  320,418  669,302  631,632 
SG&A 267,081  237,244  518,123  476,889 
Impairment of goodwill and purchased intangible assets 239,100  219,000  239,100  219,000 
Interest expense 74,981  74,202  157,152  148,436 
Other expense (income), net (44,458) (32,154) (85,393) (58,893)
Income before income taxes $ 972,529  $ 691,270  $ 2,051,216  $ 1,542,981 
__________________
(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 December 31, Six Months Ended December 31,
2024 2023 2024 2023
Revenues:
China $ 1,092,525  36  % $ 1,027,780  41  % $ 2,290,829  39  % $ 2,053,724  42  %
Taiwan 881,211  29  % 375,259  15  % 1,343,202  23  % 780,602  16  %
Korea 357,434  12  % 310,672  12  % 596,108  10  % 530,493  11  %
North America 286,191  9  % 263,613  11  % 787,134  13  % 514,326  10  %
Japan 228,614  7  % 297,757  12  % 417,183  7  % 525,134  11  %
Europe and Israel 134,266  4  % 123,362  5  % 279,086  5  % 291,798  6  %
Rest of Asia 96,610  3  % 88,283  4  % 204,850  3  % 187,605  4  %
Total $ 3,076,851  100  % $ 2,486,726  100  % $ 5,918,392  100  % $ 4,883,682  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 December 31, Six Months Ended December 31,
2024 2023 2024 2023
Revenues:
Wafer Inspection $ 1,562,610  51  % $ 1,166,484  47  % $ 2,931,553  50  % $ 2,176,682  45  %
Patterning 530,680  17  % 430,384  17  % 1,107,089  19  % 972,872  20  %
Specialty Semiconductor Process 142,987  5  % 136,278  6  % 255,789  4  % 248,381  5  %
PCB and Component Inspection 93,327  3  % 77,298  3  % 166,235  3  % 148,462  3  %
Services 667,389  22  % 564,917  23  % 1,311,541  22  % 1,125,209  23  %
Other 79,858  2  % 111,365  4  % 146,185  2  % 212,076  4  %
Total $ 3,076,851  100  % $ 2,486,726  100  % $ 5,918,392  100  % $ 4,883,682  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, 2024 June 30, 2024
Land, property and equipment, net:
United States $ 700,963  $ 689,937 
Europe 218,372  155,812 
Singapore 147,895  148,557 
Israel 75,685  84,279 
Rest of Asia 31,013  31,383 
Total $ 1,173,928  $ 1,109,968