v3.26.1
Revenue Recognition
 6 Months Ended
Jul. 05, 2026
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
The following table summarizes disaggregated revenue information by geographic area based upon the customer's country of domicile (in thousands):
Three-months EndedSix-months Ended
July 5, 2026June 29, 2025July 5, 2026June 29, 2025
Americas$117,037 $92,137 $238,338 $191,867 
Europe58,891 66,623 122,706 115,833 
Greater China66,125 45,025 103,884 71,815 
Other Asia49,210 45,308 94,772 85,614 
291,263 249,093 559,700 465,129 

The following table summarizes disaggregated revenue information by revenue type (in thousands):
Three-months EndedSix-months Ended
July 5, 2026June 29, 2025July 5, 2026June 29, 2025
Standard products and services247,100 216,035 504,635 420,545 
Application-specific customer solutions44,163 33,058 55,065 44,584 
291,263 249,093 559,700 465,129 
Costs to Fulfill a Contract
Costs to fulfill a contract are included in "Prepaid expenses and other current assets" on the Consolidated Balance Sheets and amounted to $20,120,000 and $10,592,000 as of July 5, 2026 and December 31, 2025, respectively.
Accounts Receivable, Contract Assets, and Contract Liabilities
Accounts receivable represents amounts billed and currently due from customers which are reported at their net estimated realizable value. The Company maintains an allowance against its accounts receivable for credit losses. Contract assets consist of unbilled revenue which arises when revenue is recognized in advance of billing for certain application-specific customer solutions contracts. Contract liabilities consist of deferred revenue and customer deposits which arise when amounts are billed to or collected from customers in advance of revenue recognition.
The following table summarizes the deferred revenue and customer deposits activity for the six-month periods ended July 5, 2026 and June 29, 2025, respectively (in thousands):
Balance as of December 31, 2025$21,094 
Deferral of revenue billed in the current period, net of recognition40,188 
Recognition of revenue deferred in prior period(12,434)
Reclassified to accounts receivable(212)
Foreign exchange rate changes342 
Balance as of July 5, 2026$48,978 
Balance at December 31, 2024$25,035 
Deferral of revenue billed in the current period, net of recognition40,837 
Recognition of revenue deferred in prior period(13,450)
Foreign exchange rate changes655 
Balance as of June 29, 2025$53,077 
As a practical expedient, the Company has elected not to disclose the aggregate amount of the transaction price allocated to unsatisfied performance obligations for our contracts that have an original expected duration of less than one year. The remaining unsatisfied performance obligations for our contracts that have an original expected duration of more than one year, primarily related to extended warranties, are not material.