v3.25.1
Segment Reporting
 9 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment Reporting
Note 13. Segment Reporting

The Company operates and reports in one operating segment focused on developing and providing high performance server solutions based upon an innovative, modular and open-standard architecture. The Company’s Chief Executive Officer is the chief operating decision maker.

The following is a summary of property, plant and equipment, net (in thousands):
 March 31,June 30,
20252024
Long-lived assets:
United States$310,538 $281,874 
Taiwan117,929 107,878 
Malaysia59,542 21,739 
Other4,556 2,517 
$492,565 $414,008 

The table above excludes other assets, goodwill and intangible assets. Operating lease assets in the United States were $143.0 million as of March 31, 2025. Operating lease assets in the United States were $29.3 million as of June 30, 2024. Operating lease assets in all other countries were less than 10% as of March 31, 2025 and June 30, 2024.

For the three months ended March 31, 2025 and 2024, 60.2% and 69.7% of the Company’s revenues were from the United States, and 14.2% and 1.5% of the Company's revenues were from Thailand, respectively. For the nine months ended March 31, 2025 and 2024, 67.0% and 71.7% of the Company’s revenues were from the United States. For the nine months ended March 31, 2025 and 2024, all other countries were individually less than 10%. The Company’s revenue by geographic region is based on where the products were shipped to for the three and nine months ended March 31, 2025 and 2024.