Segment and Geographic Information (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Segment Reporting [Abstract] |
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| Summary of Disaggregation of Operating Expenses |
The following table sets forth the Company’s disaggregation of operating expenses that were reviewed by the CODM for the three and six months ended June 30, 2026 and 2025:
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Three months ended June 30, |
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Six months ended June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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(in thousands) |
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Research and development |
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$ |
14,139 |
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$ |
8,898 |
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$ |
26,971 |
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$ |
17,585 |
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Sales and marketing |
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3,187 |
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2,399 |
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6,483 |
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4,948 |
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General and administrative |
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6,668 |
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4,670 |
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13,120 |
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|
10,564 |
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Total operating expenses |
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$ |
23,994 |
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$ |
15,967 |
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$ |
46,574 |
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$ |
33,097 |
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| Summary of Geographic Locations of the Ultimate End Customers |
The following is a summary of net sales for the three and six months ended June 30, 2026 and 2025, based on the country to which the Company's products were shipped, which may be different from the geographic locations of the ultimate end customers:
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Three months ended June 30, |
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Six months ended June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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(in thousands) |
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Taiwan |
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$ |
8,236 |
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$ |
6,813 |
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$ |
14,335 |
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$ |
12,845 |
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China |
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19,388 |
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8,667 |
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31,034 |
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14,257 |
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Singapore |
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|
55 |
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2,056 |
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55 |
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5,655 |
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United States |
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5,483 |
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|
120 |
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10,612 |
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|
145 |
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Rest of the World* |
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|
739 |
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|
217 |
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2,925 |
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|
703 |
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Total net sales |
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$ |
33,901 |
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$ |
17,873 |
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$ |
58,961 |
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$ |
33,605 |
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*Other countries individually less than 10% |
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| Summary of Property, Equipment and Software, Net, and Right-of-use Assets, Net |
The following illustrates property, equipment and software, net, and right-of-use assets, net by geographic location based on physical location:
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June 30, 2026 |
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December 31, 2025 |
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(in thousands) |
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Taiwan |
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$ |
3,141 |
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$ |
3,515 |
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China |
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455 |
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|
633 |
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United States |
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2,884 |
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593 |
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Singapore |
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1,092 |
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34 |
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Total property, equipment and software, net and right-of-use assets, net |
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$ |
7,572 |
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$ |
4,775 |
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