v3.26.1
REVENUE
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
REVENUE REVENUE:
Customer Concentration
The Company’s top ten customers accounted for approximately 82% and 81% of net revenue in the three and six months ended June 30, 2026 and approximately 81% in both of the corresponding periods of 2025. A significant portion of revenue is attributable to sales of the Company’s products to distributors of electronic components. These distributors sell the Company’s products to a broad, diverse range of end users, including original equipment manufacturers (“OEMs”) and merchant power-supply contract manufacturers (“CMs”). Similarly, merchant power-supply manufacturers sell power supplies incorporating the Company’s products to a broad range of OEMs.
Sales to distributors and direct sales to OEMs and power-supply CMs contributed to the Company’s net revenue as follows:
Three Months Ended
June 30,		Six Months Ended
June 30,
(In thousands)2026202520262025
Sales to distributors$86,103 $81,298 $162,842 $156,462 
Sales to OEMs and CMs32,836 34,554 64,405 64,919 
Total net revenue$118,939 $115,852 $227,247 $221,381 
During the three and six months ended June 30, 2026 and 2025, approximately 16% of net revenue in each period presented related to an OEM fulfilling its purchases through the Company’s CM customers.
The following customers represented 10% or more of the Company’s net revenue for the respective periods:
Three Months Ended
June 30,		Six Months Ended
June 30,
Customer2026202520262025
Customer A33 %33 %31 %32 %
Customer B11 %*10 %*
Customer C11 %11 %10 %*
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*Total customer revenue was less than 10% of net revenue.
No other customers accounted for 10% or more of the Company’s net revenue in the periods presented.
Concentration of Credit Risk
Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash investments and trade receivables. The Company does not have any off-balance-sheet credit exposure related to its customers.
As of June 30, 2026 and December 31, 2025, 90% and 89% of accounts receivable were concentrated in the Company’s top ten customers.
The following customers represented 10% or more of accounts receivable at June 30, 2026 and December 31, 2025:
CustomerJune 30,
2026		December 31,
2025
Customer A38 %32 %
Customer B**
Customer C13 %18 %
Customer D11 %11 %
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*Total customer accounts receivable was less than 10% of accounts receivable.
No other customers accounted for 10% or more of the Company’s accounts receivable in the periods presented.
Net Revenue by Geography
The Company markets its products globally through its sales personnel and a worldwide network of independent sales representatives and distributors. Net revenue by region and country with 10% or more of the Company’s revenue during any of the periods presented, based on “bill to” customer locations were as follows:
Three Months Ended
June 30,		Six Months Ended
June 30,
(In thousands)2026202520262025
Americas$4,659 $5,850 $11,742 $11,567 
EMEA17,430 12,756 32,555 24,047 
APAC:
Hong Kong/China53,179 67,691 103,150 124,179 
Singapore15,917 3,979 22,018 6,642 
Other APAC27,754 25,576 57,782 54,946 
Total net revenue$118,939 $115,852 $227,247 $221,381