v3.25.2
SEGMENT INFORMATION (Tables)
 9 Months Ended
Jun. 28, 2025
Segment Reporting [Abstract]  
Operating information by segment
The following table reflects operating information by segment for the three and nine months ended June 28, 2025 and June 29, 2024: 
Three months endedNine months ended
(in thousands)June 28, 2025June 29, 2024June 28, 2025June 29, 2024
Net revenue:
Ball Bonding Equipment$75,990 $93,254 $201,957 $261,432 
Wedge Bonding Equipment22,126 26,144 90,546 72,364 
Advanced Solutions10,811 20,953 56,627 46,401 
APS36,448 38,059 113,354 119,967 
All Others3,038 3,240 14,039 24,749 
Net revenue$148,413 $181,650 $476,523 $524,913 
(Loss)/Income from operations:
Ball Bonding Equipment$23,480 $27,751 $56,203 $80,617 
Wedge Bonding Equipment2,065 4,149 17,681 12,696 
Advanced Solutions(10,692)(9,785)61,753 (140,201)
APS7,346 11,443 17,304 36,275 
All Others(6,179)(8,317)(84,637)(25,945)
Corporate Expenses(22,114)(16,964)(72,416)(58,627)
(Loss)/Income from operations$(6,094)$8,277 $(4,112)$(95,185)
Schedule of net revenue by Capital Equipment end markets
The following table reflects net revenue by end markets served for the three and nine months ended June 28, 2025 and June 29, 2024: 
Three months endedNine months ended
(in thousands)June 28, 2025June 29, 2024June 28, 2025June 29, 2024
General Semiconductor$79,381 $89,154 $235,624 $250,239 
Automotive & Industrial (1)
17,116 40,061 98,546 100,257 
Memory15,468 14,376 28,999 54,450 
APS36,448 38,059 113,354 119,967 
Total revenue$148,413 $181,650 $476,523 $524,913 
(1) In view of the intended EA equipment business cessation, the Company has simplified its end market disclosures by consolidating LED revenue within Automotive & Industrial revenue. As a result, the net revenue recorded within the previously-defined LED end market for prior periods has been consolidated within the Automotive & Industrial end market to conform to the current period presentation. These changes have no impact to the consolidated financial statements.
Capital expenditures, depreciation and amortization expense
The following table reflects capital expenditures, depreciation expense and amortization expense for the three and nine months ended June 28, 2025 and June 29, 2024:
Three months endedNine months ended
(in thousands)June 28, 2025June 29, 2024June 28, 2025June 29, 2024
Capital expenditures:
Ball Bonding Equipment$19 $172 $76 $726 
Wedge Bonding Equipment211 495 291 630 
Advanced Solutions32 47 124 365 
APS441 157 1,234 827 
All Others390 412 777 839 
Corporate Expenses1,640 1,983 5,058 7,258 
$2,733 $3,266 $7,560 $10,645 
Depreciation expense:
Ball Bonding Equipment$321 $363 $985 $1,010 
Wedge Bonding Equipment219 228 674 764 
Advanced Solutions277 295 793 5,663 
APS1,209 1,332 3,921 3,957 
All Others255 398 925 1,164 
Corporate Expenses1,328 1,078 3,918 3,416 
$3,609 $3,694 $11,216 $15,974 
Amortization expense:
Ball Bonding Equipment$— $— $— $— 
Wedge Bonding Equipment— — — — 
Advanced Solutions— — — — 
APS— 227 526 684 
All Others216 931 1,924 2,963 
Corporate Expenses92 92 275 275 
$308 $1,250 $2,725 $3,922