| Segment Information |
Segment information for the three and nine months ended September 27, 2026, and September 28, 2025, is as follows:
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Semiconductor
Test |
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Robotics |
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Product Test |
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Total Reportable Segments |
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Corporate
and Eliminations |
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Consolidated |
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(in thousands) |
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Three months ended September 27, 2026 |
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Revenues |
$ |
1,072,011 |
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$ |
95,828 |
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$ |
138,111 |
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$ |
1,305,950 |
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$ |
— |
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$ |
1,305,950 |
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Less: |
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Cost of revenues |
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442,524 |
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|
39,074 |
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|
43,700 |
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|
525,298 |
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— |
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525,298 |
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Engineering and development |
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114,142 |
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13,748 |
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16,330 |
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|
144,220 |
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— |
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144,220 |
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Selling and marketing |
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69,014 |
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22,633 |
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15,459 |
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107,106 |
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— |
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107,106 |
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General and administrative |
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31,600 |
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9,099 |
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7,476 |
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48,175 |
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— |
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48,175 |
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Other segment items (1)(2) |
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47,816 |
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10,929 |
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13,724 |
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72,469 |
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4,391 |
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76,860 |
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Income (loss) before taxes (2) |
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366,915 |
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|
345 |
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41,422 |
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408,682 |
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(4,391 |
) |
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404,291 |
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Total assets (3) |
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2,577,795 |
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723,274 |
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643,576 |
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3,944,645 |
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1,504,548 |
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5,449,193 |
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Property additions |
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68,970 |
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4,576 |
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4,021 |
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77,567 |
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8,757 |
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86,324 |
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Depreciation and amortization expense |
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26,238 |
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4,528 |
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5,858 |
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36,624 |
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252 |
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36,876 |
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Three months ended September 28, 2025 |
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Revenues |
$ |
605,867 |
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$ |
75,087 |
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$ |
88,256 |
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$ |
769,210 |
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$ |
— |
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$ |
769,210 |
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Less: |
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Cost of revenues |
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248,971 |
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|
32,974 |
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|
32,323 |
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|
314,268 |
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— |
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314,268 |
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Engineering and development |
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85,331 |
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|
14,395 |
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13,106 |
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|
112,832 |
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— |
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112,832 |
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Selling and marketing |
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58,983 |
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23,400 |
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12,703 |
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95,086 |
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— |
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95,086 |
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General and administrative |
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27,161 |
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9,746 |
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6,108 |
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|
43,015 |
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— |
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43,015 |
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Other segment items (1)(2) |
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34,589 |
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12,139 |
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8,120 |
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54,848 |
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1,061 |
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55,909 |
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Income (loss) before taxes (2) |
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150,832 |
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(17,567 |
) |
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15,896 |
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149,161 |
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(1,061 |
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148,100 |
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Total assets (3) |
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1,564,196 |
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739,066 |
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371,793 |
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2,675,055 |
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1,288,676 |
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3,963,731 |
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Property additions |
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40,341 |
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1,450 |
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4,901 |
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|
46,692 |
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— |
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46,692 |
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Depreciation and amortization expense |
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22,979 |
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4,615 |
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2,919 |
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30,513 |
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3 |
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30,516 |
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Nine months ended September 27, 2026 |
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Revenues |
$ |
3,304,637 |
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$ |
287,003 |
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$ |
325,794 |
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$ |
3,917,434 |
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$ |
— |
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$ |
3,917,434 |
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Less: |
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Cost of revenues |
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1,294,723 |
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|
130,767 |
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117,837 |
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1,543,327 |
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— |
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1,543,327 |
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Engineering and development |
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314,831 |
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39,131 |
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46,088 |
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400,050 |
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— |
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400,050 |
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Selling and marketing |
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198,122 |
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66,510 |
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43,174 |
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307,806 |
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— |
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307,806 |
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General and administrative |
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87,418 |
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26,926 |
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20,963 |
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|
135,307 |
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— |
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135,307 |
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Other segment items (1)(2) |
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147,255 |
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26,864 |
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33,614 |
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207,733 |
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9,623 |
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217,356 |
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Income (loss) before taxes (2) |
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1,262,288 |
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(3,195 |
) |
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64,118 |
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1,323,211 |
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(9,623 |
) |
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1,313,588 |
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Total assets (3) |
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2,577,795 |
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723,274 |
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643,576 |
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3,944,645 |
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1,504,548 |
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5,449,193 |
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Property additions |
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208,019 |
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13,620 |
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11,366 |
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233,005 |
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|
8,757 |
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|
241,762 |
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Depreciation and amortization expense |
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76,200 |
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|
11,427 |
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|
15,194 |
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|
102,821 |
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|
360 |
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103,181 |
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Nine months ended September 28, 2025 |
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Revenues |
$ |
1,640,249 |
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$ |
218,940 |
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$ |
247,498 |
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$ |
2,106,687 |
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$ |
— |
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$ |
2,106,687 |
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Less: |
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Cost of revenues |
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658,919 |
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|
99,421 |
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|
95,448 |
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|
853,788 |
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— |
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|
853,788 |
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Engineering and development |
|
247,668 |
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|
44,319 |
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37,319 |
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|
329,306 |
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— |
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|
329,306 |
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Selling and marketing |
|
163,270 |
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|
72,155 |
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|
36,103 |
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|
271,528 |
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— |
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|
271,528 |
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General and administrative |
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79,845 |
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|
29,490 |
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16,773 |
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|
126,108 |
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— |
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126,108 |
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Other segment items (1)(2) |
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88,150 |
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|
46,832 |
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|
21,771 |
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|
156,753 |
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5,520 |
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|
162,273 |
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Income (loss) before taxes (2) |
|
402,397 |
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(73,277 |
) |
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|
40,084 |
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|
369,204 |
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(5,520 |
) |
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|
363,684 |
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Total assets (3) |
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1,564,196 |
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|
739,066 |
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371,793 |
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2,675,055 |
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1,288,676 |
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3,963,731 |
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Property additions |
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143,666 |
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|
7,654 |
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10,966 |
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|
162,286 |
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— |
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|
162,286 |
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Depreciation and amortization expense |
|
69,239 |
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|
16,624 |
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|
6,351 |
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|
92,214 |
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(7 |
) |
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|
92,207 |
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(1)For each reportable segment, the other segment items category includes equity and variable compensation, acquired intangible assets amortization, inventory step-up, and restructuring and other charges. (2)Included in Corporate and Eliminations are interest income, interest expense, net foreign exchange gains (losses), intercompany eliminations, severance charges, pension and postretirement plan actuarial gains (losses), acquisition and divestiture related expenses, ERP implementation related costs, and an expense for the modification of outstanding equity awards. (3)Total assets are attributable to each segment. Corporate assets consist of cash and cash equivalents, marketable securities, and certain other assets.
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