v3.26.1
Revenues (Tables)
 6 Months Ended
Jun. 28, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Major Product Category The following tables present our revenues disaggregated by market.
Three Months EndedSix Months Ended
June 28, 2026June 29, 2025June 28, 2026June 29, 2025
(In thousands)
Automation$436,766 $365,973 $823,775 $716,784 
Broadband157,034 155,385 312,317 302,032 
Smart Buildings 156,357 150,634 310,440 278,037 
    Total Revenues$750,157 $671,992 $1,446,532 $1,296,853 
The following tables present our revenues disaggregated by geography, based on the location of the customer purchasing the product.
Three Months EndedSix Months Ended
June 28, 2026June 29, 2025June 28, 2026June 29, 2025
(In thousands)
Americas$490,650 $448,611 $963,383 $876,842 
EMEA154,815 135,907 297,767 261,009 
APAC104,692 87,474 185,382 159,002 
    Total Revenues$750,157 $671,992 $1,446,532 $1,296,853 
Schedule of Contract With Customer, Asset and Liability
The following table presents estimated and accrued variable consideration:
June 28, 2026December 31, 2025
(in thousands)
Accrued rebates included in accrued liabilities$52,580 $76,789 
Accrued returns included in accrued liabilities15,771 11,892 
Price adjustments recognized against gross accounts receivable35,627 33,258 
The following table presents deferred revenue activity during the three and six months ended June 28, 2026 and June 29, 2025, respectively:
20262025
(In thousands)
Beginning balance at January 1$49,728 $40,128 
New deferrals19,030 13,735 
Revenue recognized(27,267)(10,420)
Balance at the end of Q1$41,491 $43,443 
New deferrals16,889 16,225 
Revenue recognized(15,787)(14,062)
Balance at the end of Q2$42,593 $45,606 
Schedule of Sales Commissions The following table presents sales commissions that are recorded within selling, general and administrative expenses:
Three Months EndedSix Months Ended
June 28, 2026June 29, 2025June 28, 2026June 29, 2025
(In thousands)
Sales commissions$8,156 $7,367 $13,906 $13,353