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Revenue
 3 Months Ended
May 04, 2024
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
Disaggregation of Revenue

The majority of the Company’s revenue is generated from sales of the Company’s products.

The following table summarizes net revenue disaggregated by end market (in millions, except percentages):

Three Months Ended
May 4,
2024		% of TotalApril 29,
2023		% of Total
Net revenue by end market:
Data center$816.4 70 %$435.8 33 %
Enterprise networking153.1 13 %364.6 27 %
Carrier infrastructure71.8 6 %289.9 22 %
Consumer42.0 4 %142.1 11 %
Automotive/industrial77.6 7 %89.3 7 %
$1,160.9 $1,321.7 

The following table summarizes net revenue disaggregated by primary geographical market based on destination of shipment (in millions, except percentages):

Three Months Ended
May 4,
2024		% of TotalApril 29,
2023		% of Total
Net revenue based on destination of shipment:
China$529.6 46 %$515.7 39 %
United States216.5 19 %187.3 14 %
Singapore111.3 9 %112.3 8 %
Thailand65.0 5 %45.4 3 %
Malaysia53.0 5 %98.5 7 %
Taiwan42.6 4 %53.8 4 %
Finland22.4 2 %80.1 6 %
Japan17.3 1 %43.8 3 %
Other103.2 9 %184.8 16 %
$1,160.9 $1,321.7 

These destinations of shipment are not necessarily indicative of the geographic location of the Company’s end customers or the country in which the Company’s end customers sell devices containing the Company’s products. For example, a substantial majority of the shipments made to China relate to sales to non-China based customers that have factories or contract manufacturing operations located within China.

The following table summarizes net revenue disaggregated by customer type (in millions, except percentages):

Three Months Ended
May 4,
2024		% of TotalApril 29,
2023		% of Total
Net revenue by customer type:
Direct customers$608.1 52 %$890.8 67 %
Distributors552.8 48 %430.9 33 %
$1,160.9 $1,321.7 
Contract Liabilities

Contract liabilities consist of the Company’s obligation to transfer goods or services to a customer for which the Company has received consideration or the amount is due from the customer. Contract liability balances are comprised of deferred revenue. The amount of revenue recognized during the three months ended May 4, 2024 that was included in deferred revenue balance at February 3, 2024 was not material.
As of the end of a reporting period, some of the performance obligations associated with contracts will have been unsatisfied or only partially satisfied. In accordance with the practical expedients available in the guidance, the Company does not disclose the value of unsatisfied performance obligations for contracts with an original expected duration of one year or less.