v3.22.4
REVENUE
 6 Months Ended
Dec. 25, 2022
Revenue from Contract with Customer [Abstract]  
REVENUE REVENUE
Deferred Revenue
Revenue of $190.2 million and $1,732.7 million included in deferred profit at June 26, 2022 was recognized during the three and six months ended December 25, 2022, respectively.
The following table summarizes the transaction price for contracts that have not yet been recognized as revenue as of December 25, 2022 and when the Company expects to recognize the amounts as revenue:
Less than 1 Year1-3 YearsMore than 3 YearsTotal
(In thousands)
Deferred revenue$1,753,188 $228,288 
(1)
$2,557 
(1)
$1,984,033 
(1)This amount is reported in Deferred profit on the Company's Condensed Consolidated Balance Sheets as the customers can demand the liability to be performed at any time.
Disaggregation of Revenue
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.
The Company operates in seven geographic regions: United States, China, Europe, Japan, Korea, Southeast Asia, and Taiwan. For geographical reporting, revenue is attributed to the geographic location in which the customers’ facilities are located. The Company serves three primary markets: memory, foundry, and logic/integrated device manufacturing.
The following table presents the Company’s revenues disaggregated between system and its customer support-related revenue:
Three Months EndedSix Months Ended
December 25,
2022		December 26,
2021		December 25,
2022		December 26,
2021
(In thousands)
System revenue$3,547,518 $2,740,173 $6,729,505 $5,665,056 
Customer support-related revenue and other1,730,051 1,486,431 3,622,185 2,866,013 
$5,277,569 $4,226,604 $10,351,690 $8,531,069 
System revenue includes sales of new leading-edge equipment in deposition, etch and clean markets.
Customer support-related revenue includes sales of customer service, spares, upgrades, and non-leading-edge equipment from the Company’s Reliant product line.
The following table presents the Company’s revenues disaggregated by geographic region:
Three Months EndedSix Months Ended
December 25,
2022		December 26,
2021		December 25,
2022		December 26,
2021
(In thousands)
China$1,263,507 $1,080,973 $2,793,982 $2,688,683 
Korea1,077,052 1,068,220 1,932,430 1,986,357 
Taiwan991,173 773,121 2,112,119 1,411,187 
Japan575,945 513,936 1,034,638 982,667 
Southeast Asia528,836 364,382 1,069,900 729,630 
United States503,238 244,798 808,215 473,009 
Europe337,818 181,174 600,406 259,536 
$5,277,569 $4,226,604 $10,351,690 $8,531,069 
The following table presents the percentages of leading- and non-leading-edge equipment and upgrade revenue to each of the primary markets the Company serves:
Three Months EndedSix Months Ended
December 25,
2022		December 26,
2021		December 25,
2022		December 26,
2021
Memory50 %58 %50 %61 %
Foundry31 %31 %33 %28 %
Logic/integrated device manufacturing19 %11 %17 %11 %