v3.25.2
Segments and Revenue (Tables)
 6 Months Ended
Jul. 04, 2025
Segment Reporting [Abstract]  
Schedule of Revenues and Gross Profit From Reportable Segments
Revenue and gross profit for the operating and reportable segments were as follows (in millions):
PSGAMGISGTotal
For the quarter ended July 4, 2025:
Revenue from external customers$698.2 $555.9 $214.6 $1,468.7 
Cost of revenue517.4 274.1 125.3 916.8 
Segment gross profit$180.8 $281.8 $89.3 $551.9 
For the quarter ended June 28, 2024:
Revenue from external customers$835.2 $647.8 $252.2 $1,735.2 
Cost of revenue486.4 325.9 138.9 951.2 
Segment gross profit$348.8 $321.9 $113.3 $784.0 
For the six months ended July 4, 2025:
Revenue from external customers$1,343.3 $1,122.3 $448.8 $2,914.4 
Cost of revenue1,039.3 539.6 489.8 2,068.7 
Segment gross profit (loss)$304.0 $582.7 $(41.0)$845.7 
For the six months ended June 28, 2024:
Revenue from external customers$1,709.5 $1,344.8 $543.6 $3,597.9 
Cost of revenue995.3 684.1 280.9 1,960.3 
Segment gross profit$714.2 $660.7 $262.7 $1,637.6 
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 July 4, 2025
PSGAMGISGTotal
Geographic Location:
Hong Kong$201.3 $157.9 $54.1 $413.3 
Singapore184.1 121.0 21.8 326.9 
United Kingdom145.9 102.8 78.7 327.4 
United States113.0 134.5 30.4 277.9 
Other53.9 39.7 29.6 123.2 
Total$698.2 $555.9 $214.6 $1,468.7 
Sales Channel:
Distributors$438.9 $303.3 $97.4 $839.6 
Direct customers259.3 252.6 117.2 629.1 
Total$698.2 $555.9 $214.6 $1,468.7 
Six Months Ended July 4, 2025
PSGAMGISGTotal
Geographic Location:
Hong Kong$366.4 $301.3 $115.7 $783.4 
Singapore324.5 235.2 41.0 600.7 
United Kingdom310.9 225.3 158.7 694.9 
United States236.0 276.5 58.0 570.5 
Other105.5 84.0 75.4 264.9 
Total$1,343.3 $1,122.3 $448.8 $2,914.4 
Sales Channel:
Distributors$774.5 $579.4 $194.8 $1,548.7 
Direct customers568.8 542.9 254.0 1,365.7 
Total$1,343.3 $1,122.3 $448.8 $2,914.4 
Quarter Ended June 28, 2024
PSGAMGISGTotal
Geographic Location:
Hong Kong$230.3 $162.2 $61.0 $453.5 
Singapore206.8 160.8 22.7 390.3 
United Kingdom187.7 122.7 103.4 413.8 
United States147.7 145.7 31.5 324.9 
Other62.7 56.4 33.6 152.7 
Total$835.2 $647.8 $252.2 $1,735.2 
Sales Channel:
Distributors$515.2 $348.4 $91.4 $955.0 
Direct customers320.0 299.4 160.8 780.2 
Total$835.2 $647.8 $252.2 $1,735.2 
Six Months Ended June 28, 2024
PSGAMGISGTotal
Geographic Location:
Hong Kong$433.6 $312.0 $113.3 $858.9 
Singapore413.5 346.9 63.1 823.5 
United Kingdom390.2 256.5 211.1 857.8 
United States353.1 305.1 85.7 743.9 
Other119.1 124.3 70.4 313.8 
Total$1,709.5 $1,344.8 $543.6 $3,597.9 
Sales Channel:
Distributors$965.6 $692.0 $203.4 $1,861.0 
Direct customers743.9 652.8 340.2 1,736.9 
Total$1,709.5 $1,344.8 $543.6 $3,597.9 
Revenue disaggregated by end-markets and product technologies was as follows (in millions):
Quarters EndedSix Months Ended
July 4, 2025June 28, 2024July 4, 2025June 28, 2024
End-Markets:
Automotive$733.2 $906.9 $1,495.1 $1,924.1 
Industrial406.2 468.0 806.2 944.1 
Other*329.3 360.3 613.1 729.7 
Total$1,468.7 $1,735.2 $2,914.4 $3,597.9 
* Other primarily includes the end-markets of computing, consumer, networking and communications.
Product Technologies:
Intelligent Power$748.1 $898.0 $1,450.3 $1,851.4 
Intelligent Sensing275.9 310.8 575.8 673.7 
Other444.7 526.4 888.3 1,072.8 
Total$1,468.7 $1,735.2 $2,914.4 $3,597.9 
Schedule of Property, Plant and Equipment by Geographic Location
Property, plant and equipment, net by geographic location, is summarized below (in millions):
As of
July 4, 2025December 31, 2024
South Korea$1,236.0 $1,423.8 
United States1,199.0 1,410.8 
Czech Republic457.7 612.3 
China204.6 228.8 
Philippines182.5 208.1 
Malaysia158.8 183.1 
Vietnam147.4 155.3 
Other128.9 139.2 
Total$3,714.9 $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
July 4, 2025December 31, 2024
Contract assets included in:
Other current assets$45.2 $39.9 
Contract liabilities included in:
Accrued expenses and other current liabilities$102.5 $98.2 
Other long-term liabilities82.0 120.9 
Total$184.5 $219.1