v3.25.2
Operating Segment Information
 3 Months Ended
Jun. 28, 2025
Segment Reporting [Abstract]  
OPERATING SEGMENT INFORMATION
10. OPERATING SEGMENT INFORMATION

The Company is organized into three operating and reportable segments that align technologies and applications with customers and end markets: High Performance Analog ("HPA"), Connectivity and Sensors Group ("CSG") and Advanced Cellular Group ("ACG").

HPA is a leading global supplier of radio frequency, analog mixed signal and power management solutions. HPA leverages a diverse portfolio of differentiated process technologies and products to serve customers in consumer, defense and aerospace, infrastructure, industrial and enterprise, and mobile markets.

CSG is a leading global supplier of connectivity solutions, with broad expertise spanning ultra-wideband, Matter®, Bluetooth® Low Energy, Zigbee®, Thread®, Wi-Fi® and cellular solutions for the Internet of Things to serve customers in automotive, consumer, industrial and enterprise, and mobile markets.

ACG is a leading global supplier of advanced cellular solutions for smartphones, wearables, laptops, tablets and other devices. ACG leverages world-class technology and systems-level expertise to deliver a broad portfolio of high-performance discrete and highly integrated cellular products.

The Company's three operating and reportable segments are based on the organizational structure and information reviewed by the Company's Chief Executive Officer, who is also the Company's chief operating decision maker (the "CODM"). The CODM primarily uses segment operating income (loss) to evaluate each segment's performance and allocate resources. This measure is utilized during the budgeting and forecasting process to assess profitability and enable decision making regarding strategic initiatives, capital investments and personnel across all operating segments. The Company’s manufacturing facilities service and provide benefit to all three operating segments, and the operating costs of the facilities are reflected in the cost of goods sold for each operating segment. The Company’s operating segments do not have intercompany revenue. The CODM does not evaluate operating segments using discrete asset information.
The following tables present details of the Company’s operating and reportable segments and a reconciliation of segment operating income (loss) to consolidated income (loss) before income taxes (in thousands):
Three Months Ended
June 28, 2025June 29, 2024
Revenue:
HPA$137,395 $129,468 
CSG110,153 114,853 
ACG571,230 642,350 
Total revenue$818,778 $886,671 
Segment expenses:
HPA
Cost of goods sold$53,974 $66,866 
Research and development37,868 35,260 
Marketing and selling16,861 15,422 
General and administrative7,110 7,039 
Segment operating income21,582 4,881 
CSG
Cost of goods sold59,933 73,376 
Research and development32,685 35,365 
Marketing and selling18,638 19,525 
General and administrative6,430 6,088 
Segment operating loss(7,533)(19,501)
ACG
Cost of goods sold344,882 383,773 
Research and development94,507 104,248 
Marketing and selling14,357 15,528 
General and administrative19,550 22,352 
Segment operating income97,934 116,449 
Total segment operating income$111,983 $101,829 
Unallocated amounts:
Stock-based compensation expense(42,475)(42,366)
Amortization of acquired intangible assets(21,521)(30,474)
Restructuring-related charges (1)
(7,879)(19,574)
Acquisition and integration-related costs(604)(2,582)
Other(9,418)(2,227)
Consolidated operating income30,086 4,606 
Interest expense(18,787)(17,094)
Other income, net20,386 11,765 
Income (loss) before income taxes$31,685 $(723)
(1) Refer to Note 9 for additional information.

The unallocated amounts include operating expenses such as stock-based compensation expense; amortization of acquired intangible assets; restructuring-related charges; acquisition and integration-related costs; certain settlements, gains, losses and other charges; costs associated with upgrading certain of the Company's core business systems; and start-up costs. The
Company also does not allocate gains and losses from investments, interest expense, other income (expense), or taxes to operating segments. The Company does not allocate these expenses to its operating segments because they are not included in the segment operating performance measures evaluated by the Company’s CODM. Except as discussed above regarding the unallocated amounts, the Company's accounting policies for segment reporting are the same as for the Company as a whole.