v3.25.1
SEGMENT INFORMATION (Tables)
 6 Months Ended
Mar. 29, 2025
Segment Reporting [Abstract]  
Operating information by segment
The following table reflects operating information by segment for the three and six months ended March 29, 2025 and March 30, 2024: 
 Three months endedSix months ended
(in thousands)March 29, 2025March 30, 2024March 29, 2025March 30, 2024
Net revenue:    
Ball Bonding Equipment$66,281 $81,908 $125,967 $168,178 
Wedge Bonding Equipment36,197 22,761 68,420 46,220 
Advanced Solutions17,638 14,124 45,816 25,448 
APS37,520 40,667 76,906 81,908 
All Others4,350 12,614 11,001 21,509 
              Net revenue161,986 172,074 328,110 343,263 
Income/(loss) from operations:
    
Ball Bonding Equipment19,295 25,152 32,723 52,866 
Wedge Bonding Equipment8,913 4,253 $15,616 $8,547 
Advanced Solutions(6,129)(116,981)$72,445 $(130,416)
APS(1,297)12,586 9,958 24,832 
All Others(75,246)(9,554)(78,458)(17,628)
Corporate Expenses(30,203)(20,611)(50,302)(41,663)
           (Loss)/income from operations
$(84,667)$(105,155)$1,982 $(103,462)
Schedule of net revenue by Capital Equipment end markets
The following table reflects net revenue by end markets served for the three and six months ended March 29, 2025 and March 30, 2024: 
 Three months endedSix months ended
(in thousands)March 29, 2025March 30, 2024March 29, 2025March 30, 2024
General Semiconductor$90,684 $90,137 $156,243 $161,085 
Automotive & Industrial (1)
30,976 30,943 81,430 60,196 
Memory 2,806 10,327 13,531 40,074 
APS37,520 40,667 76,906 81,908 
Total revenue$161,986 $172,074 $328,110 $343,263 
(1) In view of the intended EA equipment business cessation, the Company has simplified its end market disclosures by consolidating LED revenue within Automotive & Industrial revenue. As a result, the net revenue recorded within the previously-defined LED end market for prior periods has been consolidated within the Automotive & Industrial end market to conform to the current period presentation. These changes have no impact to the consolidated financial statements.
Capital expenditures, depreciation and amortization expense
The following table reflects capital expenditures, depreciation expense and amortization expense for the three and six months ended March 29, 2025 and March 30, 2024:
 Three months endedSix months ended
(in thousands)March 29, 2025March 30, 2024March 29, 2025March 30, 2024
Capital expenditures:  
Ball Bonding Equipment$50 $158 $57 $554 
Wedge Bonding Equipment45 121 80 135 
Advanced Solutions14 74 92 318 
APS409 245 793 670 
All Others239 286 387 427 
Corporate Expenses1,959 2,962 3,418 5,275 
$2,716 $3,846 $4,827 $7,379 
Depreciation expense:    
Ball Bonding Equipment$332 $326 $664 $647 
Wedge Bonding Equipment228 252 455 536 
Advanced Solutions281 2,321 516 5,368 
APS1,313 1,302 2,712 2,625 
All Others342 386 670 766 
Corporate Expenses1,344 1,055 2,590 2,338 
$3,840 $5,642 $7,607 $12,280 
Amortization expense:
Ball Bonding Equipment$— $— $— $— 
Wedge Bonding Equipment— — — — 
Advanced Solutions— — — — 
APS245 231 526 457 
All Others835 1,003 1,708 2,032 
Corporate Expenses91 91 183 183 
$1,171 $1,325 $2,417 $2,672