v3.25.2
Segment Information
6 Months Ended
Jul. 05, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company has one operating segment, mixed-signal analog intensive products, consisting of numerous product areas. The Company’s chief operating decision maker (“CODM”) assesses performance for the operating segment and decides how to allocate resources based on net income (loss) that is also reported on the Condensed Consolidated Statement of Operations as Net loss. The measure of segment assets is reported on the Condensed Consolidated Balance Sheets as Total assets.
Revenue is attributed to a geographic area based on the shipped-to location. The following summarizes the Company’s revenue by geographic area (in thousands):
Three Months EndedSix Months Ended
July 5,
2025
June 29,
2024
July 5,
2025
June 29,
2024
United States$24,555 $11,125 $41,239 $16,069 
China61,133 47,343 119,902 75,540 
Taiwan30,456 15,388 60,288 30,755 
Rest of world76,701 71,511 149,130 129,378 
Total$192,845 $145,367 $370,559 $251,742 
The significant expense categories regularly provided to the CODM, in addition to the expense categories included within net loss presented on the Company’s Condensed Consolidated Statement of Operations, are as follows (in thousands):
Three Months EndedSix Months Ended
July 5,
2025
June 29,
2024
July 5,
2025
June 29,
2024
Research and development:
Employee base compensation$32,434 $31,044 $65,406 $60,414 
Other research and development expenses (1)
55,387 54,865 110,634 106,145 
Total research and development$87,821 $85,909 $176,040 $166,559 
Selling, general and administrative:
Employee base compensation$13,740 $13,260 $27,847 $25,767 
Other selling, general and administrative expenses (1)
29,415 25,435 56,946 46,481 
Total selling, general and administrative$43,155 $38,695 $84,793 $72,248 
(1) Other research and development and selling, general and administrative expenses include other personnel-related expenses, outside services, software expense, depreciation and amortization of intangible assets, and other expenses.
The following summarizes the Company’s property and equipment, net by geographic area (in thousands):
July 5,
2025
December 28,
2024
United States$108,658 $107,612 
Rest of world22,625 24,524 
Total$131,283 $132,136