Segments and Revenue (Tables)

3 Months Ended

Apr. 04, 2025

Schedule of Revenues and Gross Profit From Reportable Segments

Revenue and gross profit for the operating and reportable segments were as follows (in millions):


	PSG		AMG		ISG		Total
For the quarter ended April 4, 2025:
Revenue from external customers	$	645.1	$	566.4	$	234.2	$	1,445.7
Cost of revenue	521.9		265.5		364.5		1,151.9
Segment gross profit (loss)	$	123.2	$	300.9	$	(130.3)	$	293.8
For the quarter ended March 29, 2024:
Revenue from external customers	$	874.2	$	697.0	$	291.5	$	1,862.7
Cost of revenue	508.8		358.2		142.1		1,009.1
Segment gross profit	$	365.4	$	338.8	$	149.4	$	853.6

Schedule of Disaggregation of Revenue

Revenue for the operating and reportable segments disaggregated into geographic locations based on sales billed from the respective country and sales channel was as follows (in millions):


	Quarter Ended April 4, 2025
	PSG		AMG		ISG		Total
Geographic Location:
Hong Kong	$	165.1	$	143.4	$	61.6	$	370.1
Singapore	140.4		114.2		19.2		273.8
United Kingdom	165.0		122.5		80.0		367.5
United States	123.0		142.0		27.6		292.6
Other	51.6		44.3		45.8		141.7
Total	$	645.1	$	566.4	$	234.2	$	1,445.7

Sales Channel:
Distributors	$	335.6	$	276.1	$	97.4	$	709.1
Direct customers	309.5		290.3		136.8		736.6

Total	$	645.1	$	566.4	$	234.2	$	1,445.7


	Quarter Ended March 29, 2024
	PSG		AMG		ISG		Total
Geographic Location:
Hong Kong	$	203.4	$	149.7	$	52.3	$	405.4
Singapore	206.7		186.1		40.4		433.2
United Kingdom	202.5		133.8		107.7		444.0
United States	205.3		159.5		54.2		419.0
Other	56.3		67.9		36.9		161.1
Total	$	874.2	$	697.0	$	291.5	$	1,862.7

Sales Channel:
Distributors	$	450.4	$	343.6	$	112.0	$	906.0
Direct customers	423.8		353.4		179.5		956.7

Total	$	874.2	$	697.0	$	291.5	$	1,862.7

Revenue disaggregated by end-markets and product technologies was as follows (in millions):


	Quarters Ended
	April 4, 2025		March 29, 2024
End-Markets:
Automotive	$	761.9	$	1,017.2
Industrial	400.0		476.1
Other*	283.8		369.4
Total	$	1,445.7	$	1,862.7
* Other primarily includes the end-markets of computing, consumer, networking and communications.

Product Technologies:
Intelligent Power	$	702.2	$	953.4
Intelligent Sensing	299.9		362.9
Other	443.6		546.4
Total	$	1,445.7	$	1,862.7

Schedule of Property, Plant and Equipment by Geographic Location

Property, plant and equipment, net by geographic location, is summarized below (in millions):


	As of
	April 4, 2025		December 31, 2024
South Korea	$	1,248.0	$	1,423.8
United States	1,214.0		1,410.8
Czech Republic	517.4		612.3
China	213.8		228.8
Philippines	192.5		208.1
Malaysia	175.4		183.1
Vietnam	151.0		155.3
Other	128.4		139.2
Total	$	3,840.5	$	4,361.4

Schedule of Contract with Customer, Contract Asset, Contract Liability, and Receivable

Contract assets and contract liabilities were as follows (in millions):


	As of
	April 4, 2025		December 31, 2024
Contract assets included in:
Other current assets	$	28.0	$	39.9



Contract liabilities included in:
Accrued expenses and other current liabilities	$	112.7	$	98.2
Other long-term liabilities	97.3		120.9
Total	$	210.0	$	219.1