| Company's Revenue by Geographic Region Based on Bill-to Location |
The following table sets forth the Company’s revenue by geographic region based on bill-to location for the periods indicated.
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Three Months Ended July 31, |
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Six Months Ended July 31, |
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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 |
|
$ |
65,118 |
|
|
$ |
68,137 |
|
|
$ |
126,098 |
|
|
$ |
122,036 |
|
Asia Pacific other than Taiwan |
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|
25,120 |
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|
|
17,789 |
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|
|
48,367 |
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|
|
34,348 |
|
Europe |
|
|
10,023 |
|
|
|
4,690 |
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|
|
16,331 |
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|
|
13,429 |
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North America other than United States |
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|
5,763 |
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|
|
4,197 |
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|
|
13,667 |
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|
|
9,342 |
|
United States |
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|
2,101 |
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|
|
698 |
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|
|
4,019 |
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|
|
2,228 |
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Total revenue |
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$ |
108,125 |
|
|
$ |
95,511 |
|
|
$ |
208,482 |
|
|
$ |
181,383 |
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| Summary of Significant Segment Expense Included in Consolidated Net Loss |
The following table presents the significant segment expenses included in the condensed consolidated net loss for the periods indicated:
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Three Months Ended July 31, |
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Six Months Ended July 31, |
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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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Total revenue |
|
$ |
108,125 |
|
|
$ |
95,511 |
|
|
$ |
208,482 |
|
|
$ |
181,383 |
|
Less cost and expense: |
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Product cost |
|
|
44,001 |
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|
|
37,743 |
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|
|
84,228 |
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|
|
70,371 |
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Employee-related |
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|
32,856 |
|
|
|
32,066 |
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|
|
68,117 |
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|
|
63,525 |
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Stock-based compensation |
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22,700 |
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|
25,188 |
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|
|
44,593 |
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|
|
51,318 |
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Semiconductor development cost |
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|
9,695 |
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|
|
7,829 |
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|
|
18,412 |
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|
|
14,601 |
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Tools & equipment |
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|
8,097 |
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|
|
7,361 |
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|
|
14,480 |
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|
|
15,427 |
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Professional services |
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|
4,602 |
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|
3,804 |
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|
8,290 |
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|
|
7,491 |
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Facilities-related |
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|
3,061 |
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|
|
2,886 |
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|
|
5,855 |
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|
|
5,548 |
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Other segment items (a) |
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|
(8,017 |
) |
|
|
823 |
|
|
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(6,326 |
) |
|
|
1,779 |
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Interest income |
|
|
(2,181 |
) |
|
|
(2,194 |
) |
|
|
(4,385 |
) |
|
|
(4,354 |
) |
Net loss |
|
$ |
(6,689 |
) |
|
$ |
(19,995 |
) |
|
$ |
(24,782 |
) |
|
$ |
(44,323 |
) |
(a) The other segment items include a reduction to research and development expense associated with the release of a deposit liability following a development project termination, amortization of intangible assets acquired from business combinations, non-operating (income) expenses, income tax provision (benefit) and other immaterial items
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