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SALES
 6 Months Ended
Jun. 27, 2025
Revenue from Contract with Customer [Abstract]  
SALES
NOTE 7. SALES
Ralliant derives revenue primarily from the sale of products, with additional revenue from the sale of services. Revenue is recognized when control of promised products or services is transferred to customers in an amount that reflects the consideration the Company expects to be entitled to in exchange for those products or services.
Product sales include revenue from the sale of products and equipment. Service sales include revenues from extended warranties, maintenance contracts or services, and services related to previously sold products.
Contract Liabilities — The Company’s contract liabilities consist of deferred revenue generally related to customer deposits received in advance of performance under the contract, extended warranty sales and product maintenance agreements, where the Company generally receives up-front payment and recognizes revenue over the service or support term. The Company classifies deferred revenue as current or noncurrent based on the timing of when it expects to recognize revenue. The current portion of the deferred revenue is recorded within Accrued expenses and other current liabilities and the noncurrent portion of deferred revenue is recorded within Other long-term liabilities in the accompanying Combined Condensed Balance Sheets.
The Company’s contract liabilities consisted of the following:
June 27, 2025December 31, 2024
Deferred revenue - current$146.4 $143.1 
Deferred revenue - noncurrent39.1 35.8 
Total contract liabilities$185.5 $178.9 
In the three and six months ended June 27, 2025, the Company recognized $17.6 million and $55.8 million, respectively, of revenue related to its contract liabilities at December 31, 2024. The change in the Company’s contract liabilities from December 31, 2024 to June 27, 2025 was primarily due to revenue recognized as products were delivered to customers.
Remaining Performance Obligations — Ralliant’s remaining performance obligations represent the transaction price of firm, non-cancelable orders, for which work has not yet been performed. The Company has excluded performance obligations with an original expected duration of one year or less from the amounts below.
The aggregate remaining performance obligations by segment were:
June 27, 2025
Test and Measurement$55.7 
Sensors and Safety Systems6.3 
Total remaining performance obligations$62.0 
The majority of remaining performance obligations are related to service and support contracts, which the Company expects to fulfill approximately 60% within the next two years, approximately 75% within the next three years, and substantially all within four years.
Disaggregation of Revenue
The Company disaggregates revenue from contracts with customers by geographic locations and end markets for each of its segments as the Company believes it best depicts how the nature, amount, timing, and uncertainty of its revenue and cash flows are affected by economic factors.
Disaggregation of revenue for the three months ended June 27, 2025 was:
Total
Test and Measurement
Sensors and Safety Systems
Geographic:
United States$256.1 $67.7 $188.4 
China85.1 52.3 32.8 
Western Europe61.0 25.9 35.1 
All other101.1 46.6 54.5 
Total$503.3 $192.5 $310.8 
End markets:
Diversified electronics$96.9 $96.9 $— 
Communications57.0 57.0 — 
Semiconductors38.6 38.6 — 
Industrial manufacturing104.1 — 104.1 
Defense and space84.4 — 84.4 
Utilities78.2 — 78.2 
Other44.1 — 44.1 
Total$503.3 $192.5 $310.8 
Disaggregation of revenue for the three months ended June 28, 2024 was:
Total
Test and Measurement
Sensors and Safety Systems
Geographic:
United States$271.8 $77.3 $194.5 
China86.0 57.6 28.4 
Western Europe79.5 43.4 36.1 
All other96.4 48.1 48.3 
Total$533.7 $226.4 $307.3 
End markets:
Diversified electronics$123.8 $123.8 $— 
Communications57.4 57.4 — 
Semiconductors45.2 45.2 — 
Industrial manufacturing101.9 — 101.9 
Defense and space84.3 — 84.3 
Utilities67.2 — 67.2 
Other53.9 — 53.9 
Total$533.7 $226.4 $307.3 
Disaggregation of revenue for the six months ended June 27, 2025 was:
Total
Test and Measurement
Sensors and Safety Systems
Geographic:
United States$503.1 $131.8 $371.3 
China157.4 96.4 61.0 
Western Europe127.2 57.8 69.4 
All other197.4 95.0 102.4 
Total$985.1 $381.0 $604.1 
End markets:
Diversified electronics$193.0 $193.0 $— 
Communications110.9 110.9 — 
Semiconductors77.1 77.1 — 
Industrial manufacturing205.4 — 205.4 
Defense and space161.6 — 161.6 
Utilities149.1 — 149.1 
Other88.0 — 88.0 
Total$985.1 $381.0 $604.1 
Disaggregation of revenue for the six months ended June 28, 2024 was:
Total
Test and Measurement
Sensors and Safety Systems
Geographic:
United States$537.9 $154.6 $383.3 
China168.4 113.7 54.7 
Western Europe171.4 98.5 72.9 
All other197.2 103.8 93.4 
Total$1,074.9 $470.6 $604.3 
End markets:
Diversified electronics$253.8 $253.8 $— 
Communications125.6 125.6 — 
Semiconductors91.2 91.2 — 
Industrial manufacturing204.1 — 204.1 
Defense and space165.6 — 165.6 
Utilities128.5 — 128.5 
Other106.1 — 106.1 
Total$1,074.9 $470.6 $604.3