v3.26.1
Segments and Revenue (Tables)
 6 Months Ended
Jul. 03, 2026
Segment Reporting [Abstract]  
Schedule of Revenues and Gross Profit From Reportable Segments
Revenue and gross profit for the operating and reportable segments were as follows (in millions):
PSGAMGISGTotal
For the quarter ended July 3, 2026:
Revenue from external customers$829.0 $545.7 $228.8 $1,603.5 
Cost of revenue598.7 254.5 134.0 987.2 
Segment gross profit$230.3 $291.2 $94.8 $616.3 
For the quarter ended July 4, 2025:
Revenue from external customers$698.2 $555.9 $214.6 $1,468.7 
Cost of revenue517.4 274.1 125.3 916.8 
Segment gross profit$180.8 $281.8 $89.3 $551.9 
For the six months ended July 3, 2026:
Revenue from external customers$1,565.6 $1,086.1 $465.1 $3,116.8 
Cost of revenue1,134.9 505.3 277.2 1,917.4 
Segment gross profit$430.7 $580.8 $187.9 $1,199.4 
For the six months ended July 4, 2025:
Revenue from external customers$1,343.3 $1,122.3 $448.8 $2,914.4 
Cost of revenue1,039.3 539.6 489.8 2,068.7 
Segment gross profit (loss)$304.0 $582.7 $(41.0)$845.7 
Schedule of Disaggregation of Revenue
Revenue for the operating and reportable segments disaggregated into geographic locations based on sales billed from the respective country and sales channel was as follows (in millions):
Quarter Ended July 3, 2026
PSGAMGISGTotal
Geographic Location:
Hong Kong$279.4 $130.8 $34.0 $444.2 
United Kingdom181.3 103.1 69.5 353.9 
Singapore205.4 144.3 36.7 386.4 
United States129.4 140.5 30.7 300.6 
Other33.5 27.0 57.9 118.4 
Total$829.0 $545.7 $228.8 $1,603.5 
Sales Channel:
Distributors$527.5 $294.8 $124.4 $946.7 
Direct customers301.5 250.9 104.4 656.8 
Total$829.0 $545.7 $228.8 $1,603.5 
Six Months Ended July 3, 2026
PSGAMGISGTotal
Geographic Location:
Hong Kong$465.3 $274.9 $72.9 $813.1 
United Kingdom366.0 221.4 158.7 746.1 
Singapore398.8 246.2 63.6 708.6 
United States255.4 281.8 59.9 597.1 
Other80.1 61.8 110.0 251.9 
Total$1,565.6 $1,086.1 $465.1 $3,116.8 
Sales Channel:
Distributors$976.8 $552.2 $234.5 $1,763.5 
Direct customers588.8 533.9 230.6 1,353.3 
Total$1,565.6 $1,086.1 $465.1 $3,116.8 
Quarter Ended July 4, 2025
PSGAMGISGTotal
Geographic Location:
Hong Kong$201.3 $157.9 $54.1 $413.3 
United Kingdom145.9 102.8 78.7 327.4 
Singapore184.1 121.0 21.8 326.9 
United States113.0 134.5 30.4 277.9 
Other53.9 39.7 29.6 123.2 
Total$698.2 $555.9 $214.6 $1,468.7 
Sales Channel:
Distributors$438.9 $303.3 $97.4 $839.6 
Direct customers259.3 252.6 117.2 629.1 
Total$698.2 $555.9 $214.6 $1,468.7 
Six Months Ended July 4, 2025
PSGAMGISGTotal
Geographic Location:
Hong Kong$366.4 $301.3 $115.7 $783.4 
United Kingdom310.9 225.3 158.7 694.9 
Singapore324.5 235.2 41.0 600.7 
United States236.0 276.5 58.0 570.5 
Other105.5 84.0 75.4 264.9 
Total$1,343.3 $1,122.3 $448.8 $2,914.4 
Sales Channel:
Distributors$774.5 $579.4 $194.8 $1,548.7 
Direct customers568.8 542.9 254.0 1,365.7 
Total$1,343.3 $1,122.3 $448.8 $2,914.4 
Revenue disaggregated by end-markets and product technologies was as follows (in millions):
Quarters EndedSix Months Ended
July 3, 2026July 4, 2025July 3, 2026July 4, 2025
End-Markets:
Automotive$781.3 $733.2 $1,578.6 $1,495.1 
Industrial422.7 406.2 839.7 806.2 
Other*399.5 329.3 698.5 613.1 
Total$1,603.5 $1,468.7 $3,116.8 $2,914.4 
* Other includes the end-markets of computing (including AI data center), consumer, networking, communications, etc.
Product Technologies:
Intelligent Power$839.8 $748.1 $1,612.3 $1,450.3 
Intelligent Sensing284.9 275.9 577.3 575.8 
Other478.8 444.7 927.2 888.3 
Total$1,603.5 $1,468.7 $3,116.8 $2,914.4 
Schedule of Contract with Customer, Contract Asset, Contract Liability, and Receivable
Contract assets and contract liabilities were as follows (in millions):
As of
July 3, 2026December 31, 2025
Contract assets included in:
Other current assets$45.6 $47.4 
Contract liabilities included in:
Accrued expenses and other current liabilities$45.3 $51.8 
Other long-term liabilities30.7 69.8 
Total$76.0 $121.6