v3.26.1
SEGMENT REPORTING
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING:
The Company is organized and operates as one operating and reportable segment; the design, development, manufacture, and marketing of integrated circuits and related components for use primarily in high-voltage power conversion. This determination is based on the management approach which designates the internal information regularly available to the Chief Operating Decision Maker (“CODM”) for making decisions and assessing performance as the source of determination of the Company’s reportable segment. The Company’s CODM, the Chief Executive Officer, reviews financial information presented on a consolidated basis for the purpose of making operating decisions and assessing financial performance.
The CODM uses net income as the measure of profit or loss to allocate resources and assess performance. The CODM regularly reviews net income as reported on the Company’s consolidated statements of income. Financial forecasts and comparisons of budget to actual results are used by the CODM to assess performance and allocate resources. In addition, these forecasts and comparisons are used for strategic decisions related to making headcount and capital expenditure decisions, all of which are reviewed on a consolidated basis. The CODM considers the impact on net income of the significant segment expenses in the table below when deciding whether to reinvest profits, propose dividends or share repurchase, or pursue strategic mergers and acquisitions.
The measure of segment assets is reported on the balance sheet as total assets. The CODM does not review segment assets at a level other than that presented in the Company’s consolidated balance sheets.
The table below presents the Company’s consolidated operating results including significant segment expenses:
Three Months Ended
June 30,		Six Months Ended
June 30,
(In thousands)2026202520262025
Net revenue$118,939 $115,852 $227,247 $221,381 
Less:
Stock-based compensation (1)11,258 10,077 17,565 18,760 
Amortization of acquisition-related intangible assets (2)147 146 294 293 
Cost of revenue (excluding 1 & 2)53,448 51,160 104,202 97,650 
Research and development (excluding 1)24,127 22,801 48,478 44,646 
Selling, general and administrative (excluding 1)21,059 23,862 41,977 45,508 
Other operating expenses (excluding 1)— 9,151 — 9,151 
Restructuring and related charges in operating expenses (excluding 1)— — 4,377 — 
Income (loss) from operations8,900 (1,345)10,354 5,373 
Other income2,333 2,690 4,799 5,857 
Provision for (benefit from) income taxes1,400 (24)2,020 1,071 
Net income$9,833 $1,369 $13,133 $10,159 
The table below presents other segment information:
Three Months Ended
June 30,		Six Months Ended
June 30,
(In thousands)2026202520262025
Depreciation$6,239 $7,002 $12,619 $14,246 
Amortization of intangible assets$168 $208 $351 $415 
Interest income$2,527 $3,035 $5,051 $6,395