| Schedule of Reportable Segment to Income Before Income Taxes |
The table below reconciles the Company's reportable segment to income before income taxes: | | | | | | | | | | | | | | | | | | | Year Ended | June 28,
2026 | | June 29,
2025 | | June 30,
2024 | | (in thousands) | | Revenue | $ | 23,232,690 | | | $ | 18,435,591 | | | $ | 14,905,386 | | | | | | | | | Installation and warranty expense | 645,551 | | | 544,192 | | | 435,015 | | Other cost of goods sold (COGS) (1) | 10,467,090 | | | 8,675,349 | | | 6,988,338 | | | Segment COGS | 11,112,641 | | | 9,219,541 | | | 7,423,353 | | | | | | | | | Segment gross margin | 12,120,049 | | | 9,216,050 | | | 7,482,033 | | | | | | | | | Reconciliation to consolidated gross margin | | | | | | | Restructuring charges, net | — | | | — | | | 43,375 | | | All other COGS | 394,741 | | | 236,991 | | | 385,867 | | | Gross margin | 11,725,308 | | | 8,979,059 | | | 7,052,791 | | | | | | | | | Research and development | 2,375,873 | | | 2,096,387 | | | 1,902,444 | | | Selling, general, and administrative | 1,149,640 | | | 981,704 | | | 868,247 | | | Restructuring charges, net - operating expenses | — | | | — | | | 18,187 | | | Other income (expense), net | 62,678 | | | 57,161 | | | 96,309 | | | Income before income taxes | $ | 8,262,473 | | | $ | 5,958,129 | | | $ | 4,360,222 | | | | | | | |
(1)Other COGS is primarily comprised of the capitalized cost of inventory sold, including both direct and indirect costs, but excludes installation and warranty expense and those items not allocated to the segment.
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| Schedule of Revenues and Long-lived Assets by Geographic Region |
Revenues and long-lived assets by geographic region were as follows: | | | | | | | | | | | | | | | | | | | Year Ended | June 28,
2026 | | June 29,
2025 | | June 30,
2024 | | Revenue: | (in thousands) | | China | $ | 7,859,811 | | | $ | 6,205,062 | | | $ | 6,293,990 | | | Taiwan | 5,222,915 | | | 3,445,220 | | | 1,671,815 | | | Korea | 4,505,327 | | | 4,127,766 | | | 2,874,015 | | | Japan | 2,171,088 | | | 1,880,882 | | | 1,460,429 | | | United States | 1,528,912 | | | 1,376,857 | | | 1,104,087 | | | Southeast Asia | 1,245,931 | | | 837,242 | | | 794,054 | | | Europe | 698,706 | | | 562,562 | | | 706,996 | | | Total revenue | $ | 23,232,690 | | | $ | 18,435,591 | | | $ | 14,905,386 | | | | | | | |
| | | | | | | | | | | | | | | | | | | June 28,
2026 | | June 29,
2025 | | June 30,
2024 | | Long-lived assets: | (in thousands) | | United States | $ | 2,003,371 | | | $ | 1,716,574 | | | $ | 1,582,103 | | | Southeast Asia | 651,935 | | | 451,283 | | | 390,514 | | | Korea | 346,247 | | | 299,497 | | | 262,405 | | | Taiwan | 176,537 | | | 96,458 | | | 98,268 | | | Europe | 152,702 | | | 134,707 | | | 115,316 | | | Japan | 16,512 | | | 8,638 | | | 7,858 | | | China | 6,527 | | | 8,567 | | | 6,390 | | | $ | 3,353,831 | | | $ | 2,715,724 | | | $ | 2,462,854 | | | | | | | |
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