v3.25.1
Revenue (Tables)
 3 Months Ended
Mar. 30, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregated Revenue The following tables disclose revenue by product type and the timing of recognition of revenue for transfer of goods and services to customers:
Three-Month Period Ended March 30, 2025
Topic 606 Revenue
Point-in-TimeOver Time
Lease Revenue Per Topic 842
Total Revenue
ATS development
Time-and-materials and cost-plus-fixed-fee contracts$1,204 $35,875 $— $37,079 
Fixed price contracts4,832 9,457 — 14,289 
Other— — 1,167 1,167 
Total ATS development6,036 45,332 1,167 52,535 
Wafer Services84 7,443 — 7,527 
Combined ATS development and Wafer Services6,120 52,775 1,167 60,062 
Tools1,234 — — 1,234 
Total$7,354 $52,775 $1,167 $61,296 

Three-Month Period Ended March 31, 2024
Topic 606 Revenue
Point-in-TimeOver Time
Lease Revenue Per Topic 842
Total Revenue
ATS development
Time-and-materials and cost-plus-fixed-fee contracts$— $42,496 $— $42,496 
Fixed price contracts— 17,522 — 17,522 
Other— 1,167 1,167 
Total ATS development— 60,018 1,167 61,185 
Wafer Services1,145 8,847 — 9,992 
Combined ATS development and Wafer Services1,145 68,865 1,167 71,177 
Tools8,459 — — 8,459 
Total$9,604 $68,865 $1,167 $79,636 
Schedule of Contract Assets and Liabilities The contract liabilities and other significant components of contract liabilities at March 30, 2025 and December 29, 2024 are as follows:
 March 30, 2025December 29, 2024
Contract
Deferred Revenue (1)		Lease Deferred
Revenue		Total
Contract Liabilities		Contract
Deferred Revenue (1)		Lease Deferred
Revenue		Total
Contract Liabilities
Current contract liabilities$60,437 $778 $61,215 $53,222 $1,944 $55,166 
Long-term contract liabilities97,264 — 97,264 51,901 — 51,901 
Total contract liabilities$157,701 $778 $158,479 $105,123 $1,944 $107,067 
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(1)Contract deferred revenue includes $45,419 and $48,200 at March 30, 2025 and December 29, 2024, respectively, related to material rights provided to a significant customer in exchange for funding additional manufacturing capacity. Of these amounts, $11,123 and $11,123 were classified as current in the interim condensed consolidated balance sheets as of March 30, 2025 and December 29, 2024, respectively.
The change in contract liabilities during the three-month periods ended March 30, 2025 and March 31, 2024 are as follows:
Three-Month Period Ended
March 30, 2025March 31, 2024
Balance at beginning of period$107,067 $115,305 
Revenue recognized included in the balance at the beginning of the period(9,495)(12,686)
Increase due to payments received, excluding amounts recognized as revenue60,907 12,095 
Balance at end of period$158,479 $114,714