v3.26.1
SEGMENT REPORTING
 9 Months Ended
Mar. 29, 2026
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
The Company operates in one reportable business segment: manufacturing and servicing of wafer processing semiconductor manufacturing equipment. The Company’s material operating segments qualify for aggregation due to their customer base and similarities in economic characteristics, nature of products and services, and processes for procurement, manufacturing, and distribution.
Segment information is prepared and managed on the same basis as described in Note 19, “Segment, Geographic Information, and Major Customers,” to the Consolidated Financial Statements in Part II, Item 8 of the Company’s 2025 Form 10-K.
The Company's centralized manufacturing and support organizations, including global operations and certain administrative functions, provide support to its operating segments. Costs incurred by these organizations, as well as depreciation and amortization and equity-based compensation expense are allocated to cost of goods sold as overhead. Consequently, depreciation and amortization and equity-based compensation expense are not independently identifiable components within the segment’s results, and, therefore are not provided.
With the exception of goodwill, the Company does not identify assets by operating segment. Consequently, the chief operating decision maker does not regularly review or receive discrete asset information by operating segment.
The table below reconciles the Company's reportable segment to income before income taxes:
Three Months EndedNine Months Ended
March 29,
2026		March 30,
2025		March 29,
2026		March 30,
2025
(In thousands)
Revenue$5,841,488 $4,720,175 $16,510,452 $13,264,198 
Installation and warranty expense164,334 135,170 446,139 384,265 
Other cost of goods sold (COGS) (1)
2,671,667 2,224,119 7,542,513 6,308,606 
Segment COGS2,836,001 2,359,289 7,988,652 6,692,871 
Segment gross margin3,005,487 2,360,886 8,521,800 6,571,327 
Reconciliation to consolidated gross margin
All other COGS94,960 47,200 275,232 181,977 
Gross margin2,910,527 2,313,686 8,246,568 6,389,350 
Research and development583,200 525,904 1,732,951 1,516,209 
Selling, general, and administrative280,311 226,023 827,310 713,301 
Other income (expense), net(35,460)(25,035)21,024 19,308 
Income before income taxes$2,011,556 $1,536,724 $5,707,331 $4,179,148 
(1)Other COGS is primarily comprised of the capitalized cost of inventory sold, including both direct and indirect costs, but excludes installation and warranty expense and those items not allocated to the segment.