Revenues from contracts with customers (Tables)

6 Months Ended

Dec. 29, 2023

The following table presents total revenues by geographic region:


(in thousands, except percentages)	Three Months Ended December 29, 2023		As a % of Total Revenues		Six Months Ended December 29, 2023		As a % of Total Revenues
North America
U.S.	$	238,288			$	493,147
Others (1)	3,331				6,791
Total revenue in North America	241,619		33.9	%	499,938		35.8	%
Asia-Pacific and others
Israel (2)	267,038				477,714
India	75,033				145,810
Malaysia	36,626				69,945
China	21,262				41,522
Hong Kong	12,150				27,938
Thailand	10,403				23,430
Japan	5,826				12,636
Others	1,570				2,735
Total revenue in Asia-Pacific and others	429,908		60.3	%	801,730		57.3	%
Europe
U.K.	18,870				48,644
Germany	10,395				23,175
Others	11,902				24,684
Total revenue in Europe	$	41,167	5.8	%	$	96,503	6.9	%
Total revenue	$	712,694	100.0	%	$	1,398,171	100.0	%


(in thousands, except percentages)	Three Months Ended December 30, 2022		As a % of Total Revenues		Six Months Ended December 30, 2022		As a % of Total Revenues
North America
U.S.	$	319,918			$	664,998
Others (1)	4,033				7,657
Total revenue in North America	323,951		48.5	%	672,655		50.8	%
Asia-Pacific and others
India	82,178				162,211
Israel	59,893				97,170
Malaysia	50,390				99,714
Hong Kong	39,723				72,195
China	26,480				49,544
Thailand	16,098				28,714
Japan	11,737				22,085
Others	1,901				5,061
Total revenue in Asia-Pacific and others	288,400		43.1	%	536,694		40.5	%
Europe
U.K.	30,316				63,148
Germany	13,129				26,443
Others	12,860				25,145
Total revenue in Europe	$	56,305	8.4	%	$	114,736	8.7	%
Total revenue	$	668,656	100.0	%	$	1,324,085	100.0	%

(1)Others includes revenues from external customers based in our country of domicile, the Cayman Islands, which for each year presented is $0.

(2)Due to increase in revenue from a significant customer.

The following table presents revenues by end market:


(in thousands, except percentages)	Three Months Ended December 29, 2023		As a % of Total Revenues		Six Months Ended December 29, 2023		As a % of Total Revenues
Optical communications	$	567,934	79.7	%	$	1,101,191	78.8	%
Automotive, lasers and other	144,760		20.3	%	296,980		21.2	%
Total	$	712,694	100.0	%	$	1,398,171	100.0	%


(in thousands, except percentages)	Three Months Ended December 30, 2022		As a % of Total Revenues		Six Months Ended December 30, 2022		As a % of Total Revenues
Optical communications	$	506,056	75.7	%	$	1,003,617	75.8	%
Automotive, lasers and other	162,600		24.3	%	320,468		24.2	%
Total	$	668,656	100.0	%	$	1,324,085	100.0	%

The following tables summarize the activity in the Company’s contract liabilities during the six months ended December 29, 2023:


(in thousands)	Contract Liabilities
Beginning balance, June 30, 2023	$	3,036
Advance payments received during the period	7,610
Revenue recognized	(4,325)
Ending balance, December 29, 2023	$	6,321