v3.25.2
Business Segments, Product Groups and End Markets
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Business Segments, Product Groups and End Markets Business Segments, Product Groups and End Markets
The following table presents revenue, profit or loss and significant segment expenses for our single operating segment:
For the Three Months Ended June 30,For the Six Months Ended June 30,
2025202420252024
(In thousands)
Net sales$1,511,392 $1,461,474 $2,832,967 $2,826,985 
Less:
Materials cost of sales799,020 789,596 1,491,768 1,498,262 
Labor cost of sales176,886 151,583 336,050 304,932 
Depreciation cost of sales144,434 132,580 284,303 261,668 
Other cost of sales209,155 175,340 381,366 348,105 
Selling, general and administrative47,922 91,280 128,330 181,626 
Research and development42,008 39,568 87,660 77,739 
Interest expense16,810 15,805 33,619 32,244 
Income tax expense28,162 14,312 32,098 26,508 
Other segment items (1)
(8,057)(15,848)(19,132)(31,143)
Segment net income$55,052 $67,258 $76,905 $127,044 
(1) Other segment items include interest income, foreign currency (gain) loss, net and other (income) expense.
The following tables represent other balances included in net income or that are regularly provided to the Chief Operating Decision Maker (CODM):
For the Three Months Ended June 30,For the Six Months Ended June 30,
2025202420252024
(In thousands)(In thousands)
Interest income$14,992 $17,698 $29,445 $34,494 
Depreciation and amortization expense158,842 149,949 312,663 294,874 
Capital expenditures146,189 166,374 226,086 262,543 
June 30, 2025December 31, 2024
(In thousands)
Total assets$7,705,626 $6,944,328 
The following table presents our net sales by product group:
For the Three Months Ended June 30,For the Six Months Ended June 30,
2025202420252024
(In thousands)(In thousands)
Advanced products (1)$1,228,678 $1,179,843 $2,292,295 $2,249,552 
Mainstream products (2)282,714 281,631 540,672 577,433 
Total net sales$1,511,392 $1,461,474 $2,832,967 $2,826,985 
(1) Advanced products include flip chip, memory and wafer-level processing and related test services.
(2) Mainstream products include all other wirebond packaging and related test services.
Net sales by end market consist of the following:
For the Three Months Ended June 30,For the Six Months Ended June 30,
2025202420252024
Communications (smartphones, tablets)40 %48 %40 %48 %
Computing (data center, infrastructure, PC/laptop, storage)22 %20 %22 %19 %
Automotive, industrial and other (ADAS, electrification, infotainment, safety)20 %20 %21 %20 %
Consumer (AR & gaming, connected home, home electronics, wearables)18 %12 %17 %13 %
Total net sales100 %100 %100 %100 %