v3.26.1
Segment Information
 6 Months Ended
Jul. 26, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company's Chief Executive Officer functions as the chief operating decision maker ("CODM"). The CODM makes operating decisions and assesses performance based on the net sales and gross profit of the Company's major product lines, which represent its operating segments, to allocate resources (including employees, property, and financial or capital resources) for each segment predominantly in the annual budget and forecasting process. The Company currently has three operating segments—Signal Integrity ("SIP"), Analog Mixed Signal and Wireless ("AMW"), and IoT Systems and Connectivity ("ISC")—that represent three separate reportable segments. The SIP reportable segment consists of a portfolio of optical and copper data communications and video transport products used in a wide variety of infrastructure and industrial applications. The AMW reportable segment provides infrastructure, industrial and high-end customers with high-performance protection devices and a portfolio of specialized radio frequency products. The SIP and AMW reportable segments together constitute our Semiconductor Products business. The ISC reportable segment provides industrial customers with an IoT solutions portfolio that includes a wide range of modules, gateways, routers, and connected services.
The Company’s assets are commingled among the various operating segments and the CODM does not use asset information in making operating decisions or assessing performance. Therefore, the Company has not included asset information by reportable segment in the segment disclosures below.
Net sales and gross profit by reportable segment were as follows:
Three Months Ended July 26, 2026
(in thousands)Signal IntegrityAnalog Mixed Signal and WirelessTotal Semiconductor Products IoT Systems and Connectivity
Unallocated(1)
Total
Net sales$126,173$117,352$243,525$98,346$— $341,871
Segment cost of sales43,76246,81390,57564,9082,624 158,107
Segment gross profit$82,411$70,539$152,950$33,438$(2,624)$183,764
Segment gross margin65.3 %60.1 %62.8 %34.0 %
NM(2)
Gross margin53.8 %
Six Months Ended July 26, 2026
(in thousands)Signal IntegrityAnalog Mixed Signal and WirelessTotal Semiconductor Products IoT Systems and Connectivity
Unallocated(1)
Total
Net sales$228,176$218,107$446,283$186,606$— $632,889
Segment cost of sales81,77288,413170,185121,6025,874 297,661
Segment gross profit$146,404$129,694$276,098$65,004$(5,874)$335,228
Segment gross margin64.2 %59.5 %61.9 %34.8 %
NM(2)
Gross margin53.0 %
(1) Unallocated includes share-based compensation and amortization of acquired technology
(2) Not meaningful
Three Months Ended July 27, 2025
(in thousands)Signal IntegrityAnalog Mixed Signal and WirelessTotal Semiconductor Products IoT Systems and Connectivity
 Unallocated(1)
Total
Net sales$76,758$92,042$168,800$88,789$— $257,589
Segment cost of sales28,89937,48266,38153,7353,368 123,484
Segment gross profit$47,859$54,560$102,419$35,054$(3,368)$134,105
Segment gross margin62.4 %59.3 %60.7 %39.5 %
NM(2)
Gross margin52.1 %
Six Months Ended July 27, 2025
(in thousands)Signal IntegrityAnalog Mixed Signal and WirelessTotal Semiconductor Products IoT Systems and Connectivity
Unallocated(1)
Total
Net sales$150,279$182,665$332,944$175,705$— $508,649
Segment cost of sales54,25671,660125,916110,7286,611 243,255
Segment gross profit$96,023$111,005$207,028$64,977$(6,611)$265,394
Segment gross margin63.9 %60.8 %62.2 %37.0 %
NM(2)
Gross margin52.2 %
(1) Unallocated includes share-based compensation and amortization of acquired technology
(2) Not meaningful
Geographic Information
Net sales activity by geographic region was as follows:
Three Months EndedSix Months Ended
(percentage of total net sales)July 26, 2026July 27, 2025July 26, 2026July 27, 2025
Asia-Pacific70%65%71%64%
North America20%24%19%23%
Europe10%11%10%13%
100%100%100%100%
The Company attributes sales to a country based on the ship-to address. The table below summarizes sales activity to geographies that represented greater than 10% of total sales for at least one of the periods presented:
Three Months EndedSix Months Ended
(percentage of total net sales)July 26, 2026July 27, 2025July 26, 2026July 27, 2025
China (including Hong Kong)55%45%55%44%
United States15%19%14%18%
Although a large percentage of the Company's products is shipped into the Asia-Pacific region, a significant number of products produced by these customers and incorporating the Company's semiconductor products are then sold outside this region.