v3.26.3
Revenues (Tables)
 9 Months Ended
Sep. 27, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Major Product Category The following tables present our revenues disaggregated by market.
Three Months EndedNine Months Ended
September 27, 2026September 28, 2025September 27, 2026September 28, 2025
(In thousands)
Automation$444,343 $381,308 $1,268,118 $1,098,092 
Broadband169,651 166,695 481,968 468,727 
Smart Buildings 184,161 150,218 494,601 428,255 
Wireless167,799 — 167,799 — 
    Total Revenues$965,954 $698,221 $2,412,486 $1,995,074 
The following tables present our revenues disaggregated by geography, based on the location of the customer purchasing the product.
Three Months EndedNine Months Ended
September 27, 2026September 28, 2025September 27, 2026September 28, 2025
(In thousands)
Americas$641,355 $468,388 $1,604,739 $1,345,230 
EMEA188,083 142,707 485,850 403,716 
APAC136,516 87,126 321,897 246,128 
    Total Revenues$965,954 $698,221 $2,412,486 $1,995,074 
Schedule of Contract With Customer, Asset and Liability
The following table presents estimated and accrued variable consideration:
September 27, 2026December 31, 2025
(in thousands)
Accrued rebates included in accrued liabilities$90,190 $76,789 
Accrued returns included in accrued liabilities35,229 11,892 
Price adjustments recognized against gross accounts receivable131,299 33,258 
The following table presents deferred revenue activity during the three and nine months ended September 27, 2026 and September 28, 2025, respectively:
20262025
(In thousands)
Beginning balance at January 1$49,728 $40,128 
New deferrals19,030 13,735 
Revenue recognized(27,267)(10,420)
Balance at the end of Q1$41,491 $43,443 
New deferrals16,889 16,225 
Revenue recognized(15,787)(14,062)
Balance at the end of Q2$42,593 $45,606 
Acquisitions201,675 — 
New deferrals57,818 17,812 
Revenue recognized(51,479)(17,388)
Balance at the end of Q3$250,607 $46,030 
Schedule of Sales Commissions The following table presents sales commissions that are recorded within selling, general and administrative expenses:
Three Months EndedNine Months Ended
September 27, 2026September 28, 2025September 27, 2026September 28, 2025
(In thousands)
Sales commissions$16,647 $7,442 $30,553 $20,795