v3.26.1
Operating Segment Information
 3 Months Ended
Jun. 27, 2026
Segment Reporting [Abstract]  
OPERATING SEGMENT INFORMATION
10. OPERATING SEGMENT INFORMATION

The Company is organized into three operating and reportable segments that align technologies and applications with customers and end markets: High Performance Analog ("HPA"), Connectivity and Sensors Group ("CSG") and Advanced Cellular Group ("ACG").

HPA is a leading global supplier of radio frequency, analog mixed signal and power management solutions. HPA leverages a diverse portfolio of differentiated process technologies and products to serve customers in consumer, defense and aerospace, infrastructure, and industrial and enterprise markets.

CSG is a leading global supplier of connectivity solutions, with broad expertise spanning ultra-wideband, Matter®, Bluetooth® Low Energy, Zigbee®, Thread®, Wi-Fi® and cellular solutions for the Internet of Things to serve customers in automotive, consumer, industrial and enterprise, and mobile markets.

ACG is a leading global supplier of advanced cellular solutions for smartphones, wearables, laptops, tablets and other devices. ACG leverages world-class technology and systems-level expertise to deliver a broad portfolio of high-performance discrete and highly integrated cellular products.

The Company's three operating and reportable segments are based on the organizational structure and information reviewed by the Company's Chief Executive Officer, who is also the Company's chief operating decision maker (the "CODM"). The CODM primarily uses segment operating income (loss) to evaluate each segment's performance and allocate resources. This measure is utilized during the budgeting and forecasting process to assess profitability and enable decision making regarding strategic initiatives, capital investments and personnel across all operating segments. The Company’s manufacturing facilities service and provide benefit to all three operating segments, and the operating costs of the facilities are reflected in the cost of goods sold for each operating segment. The Company’s operating segments do not have intercompany revenue. The CODM does not evaluate operating segments using discrete asset information.
The following table presents details of the Company’s operating and reportable segments and a reconciliation of segment operating income (loss) to consolidated income before income taxes (in thousands):
Three Months Ended
June 27, 2026June 28, 2025
Revenue:
HPA$206,357 $137,395 
CSG101,869 110,153 
ACG476,569 571,230 
Total revenue$784,795 $818,778 
Segment expenses:
HPA
Cost of goods sold$71,269 $53,974 
Research and development39,839 37,868 
Marketing and selling17,791 16,861 
General and administrative7,499 7,110 
Segment operating income69,959 21,582 
CSG
Cost of goods sold57,808 59,933 
Research and development23,302 32,685 
Marketing and selling13,000 18,638 
General and administrative4,765 6,430 
Segment operating income (loss)2,994 (7,533)
ACG
Cost of goods sold241,450 344,882 
Research and development95,694 94,507 
Marketing and selling13,691 14,357 
General and administrative17,182 19,550 
Segment operating income108,552 97,934 
Total segment operating income$181,505 $111,983 
Unallocated amounts:
Stock-based compensation expense(34,411)(42,475)
Amortization of acquired intangible assets(8,777)(21,521)
Restructuring-related charges (1)
(11,521)(7,879)
Merger-related costs (2)
(14,885)(465)
Other (3)
(15,141)(9,557)
Consolidated operating income96,770 30,086 
Interest expense(15,852)(18,787)
Other income, net19,608 20,386 
Income before income taxes$100,526 $31,685 
(1) Refer to Note 9 for additional information.
(2) Refer to Note 2 for additional information.
(3) Includes deferred compensation expense; start-up costs; and certain settlements, gains, losses and other charges.
The unallocated amounts in the table above are not allocated to the Company's operating segments because they are not included in the segment operating performance measures evaluated by the Company’s CODM. Except as discussed above regarding the unallocated amounts, the Company's accounting policies for segment reporting are the same as for the Company as a whole.