v3.25.2
Segment and Geographic Reporting (Tables)
 12 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Financial Information by Segment
The following tables set forth the details of revenues and segment profit and reconciles segment profit to consolidated earnings (loss) before income taxes for the periods presented ($000):
2025NetworkingMaterialsLasersUnallocatedTotal
Revenues$3,421,276 $953,843 $1,434,996 $— $5,810,115 
Inter-segment revenues58,465 547,601 8,310 (614,376)— 
Less:
Cost of goods sold (1)
2,507,154 856,668 836,592 (614,376)3,586,038 
Research and development (1)
247,072 177,822 120,045 — 544,939 
Selling, general and administrative (1)
81,993 112,240 170,190 — 364,423 
Segment profit$643,522 $354,714 $316,479 $— 1,314,715 
Unallocated Corporate expenses
Corporate and centralized function costs (2)
(277,771)
Share-based compensation(160,972)
Restructuring costs (3)
(160,081)
Impairment of assets held-for-sale(84,988)
Integration, site consolidation and other costs (4)
(38,237)
Amortization of intangibles(302,788)
Interest expense(243,251)
Other (income) expense, net47,554 
Earnings before income taxes$94,181 
2024NetworkingMaterialsLasersUnallocatedTotal
Revenues$2,295,729 $1,016,573 $1,395,386 $— $4,707,688 
Inter-segment revenues45,767 457,623 5,212 (508,602)— 
Less:
Cost of goods sold (1)
1,747,317 914,691 873,367 (508,602)3,026,773 
Research and development (1)
174,530 161,402 110,515 — 446,447 
Selling, general and administrative (1)
65,997 101,229 209,933 — 377,159 
Segment profit$353,652 $296,874 $206,783 $— 857,309 
Unallocated Corporate expenses
Corporate and centralized function costs (2)
(239,259)
Share-based compensation(126,895)
Restructuring costs (3)
(27,054)
Integration, site consolidation and other costs (4)
(79,820)
Amortization of intangibles(288,160)
Interest expense(288,475)
Other (income) expense, net44,707 
Earnings (loss) before income taxes(147,647)
2023NetworkingMaterialsLasersUnallocatedTotal
Revenues$2,340,930 $1,349,758 $1,469,412 $— $5,160,100 
Inter-segment revenues70,120 362,179 1,517 (433,816)— 
Less:
Cost of goods sold (1)
1,701,681 1,061,062 866,195 (433,816)3,195,122 
Research and development (1)
180,350 168,209 123,568 — 472,127 
Selling, general and administrative (1)
64,093 91,164 210,611 — 365,868 
Segment profit464,926 391,502 270,555 — 1,126,983 
Unallocated Corporate expenses
Corporate and centralized function costs (2.)
(199,811)
Share-based compensation(149,631)
Restructuring costs and other (3)
(119,101)
Integration, site consolidation and other costs (4)
(81,503)
Amortization of intangibles(414,125)
Interest expense(286,872)
Purchase accounting adjustments(157,500)
Transaction costs(38,652)
Other (income) expense, net(31,566)
Other(3,780)
Earnings (loss) before income taxes$(355,558)
(1)The significant expense category amount aligns with the segment-level information that is regularly provided to the CODM and excludes unallocated corporate expenses (corporate and centralized function costs, share-based compensation, restructuring costs, integration, site consolidation and other costs as well as amortization of intangibles).
(2)We do not allocate corporate and centralized function costs that are not directly attributable to our operating segments.
(3)See Note 20. Restructuring Plans for further information.
(4)Integration and site consolidation costs in the year ended June 30, 2025 includes $35 million in consulting and legal costs related to projects to integrate recent acquisitions into common technology systems and simplify legal entity structure, $2 million of employee severance and retention costs related to sites being shut down as part of our Synergy and Site Consolidation Plan, and $1 million of executive transition costs. Integration and site consolidation costs in the year ended June 30, 2024 primarily include $40 million in consulting costs related to projects to integrate recent acquisitions into common technology systems and simplify legal entity structure, and $40 million of employee severance and retention and other costs related to sites being shut down as part of our 2023 Restructuring Plan or Synergy and Site Consolidation Plan. Integration and site consolidation costs in the year ended June 30, 2023 primarily include $46 million in consulting costs related to projects to integrate recent acquisitions into common technology systems and simplify legal entity structure, and $36 million of employee severance and retention and other costs related to sites being shut down as part of our 2023 Restructuring Plan or Synergy and Site Consolidation Plan.
Schedule of Capital Expenditures, Depreciation And Amortization by Segment
The following tables summarizes capital expenditures by segment ($000):
Year Ended June 30,
Expenditures for property, plant, and equipment202520242023
Networking$263,425 $90,950 $98,192 
Materials137,444 224,482 274,434 
Lasers39,967 31,384 63,434 
Total expenditures for property, plant, and equipment$440,836 $346,816 $436,060 

The following tables summarizes depreciation and amortization by segment ($000):
Year Ended June 30,
Depreciation and amortization202520242023
Networking$162,225 $158,833 $169,573 
Materials119,118 107,798 141,648 
Lasers267,328 287,662 364,370 
Corporate and shared services4,927 5,468 6,096 
Total depreciation and amortization$553,598 $559,761 $681,687 
Schedule of Segment Assets
The following tables summarizes segment assets ($000):
Year Ended June 30,
Segment assets and reconciliation to total assets202520242023
Networking$4,027,777 $3,472,866 $3,188,873 
Materials2,779,093 3,017,858 2,043,241 
Lasers7,541,129 7,361,731 7,751,937 
Corporate and shared services562,937 636,179 727,082 
Total assets$14,910,936 $14,488,634 $13,711,133 
Schedule of Geographic Information for Revenues
Geographic information for revenues by location of the customer’s headquarters, were as follows ($000):
Revenues
Year Ended June 30,202520242023
North America$3,564,846 $2,622,569 $2,745,891 
Europe698,800 714,282 979,911 
China680,110 621,918 577,180 
Japan390,610 340,863 392,479 
Rest of World475,749 408,056 464,639 
Total$5,810,115 $4,707,688 $5,160,100 
Schedule of Geographic Information for Long-lived Assets
Geographic information for long-lived assets by country, which include property, plant and equipment, net of related depreciation, and certain other long-term assets, were as follows ($000):
Long-Lived Assets
June 30,20252024
United States$1,092,389 $1,226,359 
Non-United States
China402,960 349,195 
Malaysia196,543 87,783 
Germany189,281 209,593 
Vietnam65,565 20,707 
Sweden51,032 44,733 
Switzerland49,602 44,256 
Philippines25,406 11,217 
United Kingdom20,594 19,153 
Korea16,037 17,862 
Australia9,014 8,611 
Taiwan6,063 6,705 
Other23,044 23,166 
Total Non-United States1,055,141 842,981 
$2,147,530 $2,069,340