v3.26.1
Revenue Recognition
 9 Months Ended
Mar. 29, 2026
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
Contract liabilities and distributor-related reserves were $74.8 million as of March 29, 2026 and $65.6 million as of June 29, 2025. Contract liabilities are recorded within contract liabilities and distributor-related reserves and other long-term liabilities on the consolidated balance sheets. The increase in these reserves primarily relates to the Company's distributors carrying additional amounts of inventory as of March 29, 2026, due to planned shipments of last-time buys for the Company's 150mm offerings.
Product Line Revenue
The Company's continuing operations sells products from within two product lines: Power Products and silicon carbide and GaN materials ("Materials Products"). Revenue from these two product lines is as follows:
 SuccessorPredecessor
(in millions of U.S. Dollars)Three months ended March 29, 2026Three months ended March 30, 2025
Power Products$100.1 $107.5 
Materials Products50.1 77.9 
Total$150.2 $185.4 
SuccessorPredecessor
(in millions of U.S. Dollars)Period from September 30, 2025 to March 29, 2026Period from June 30, 2025 to September 29, 2025Nine months ended March 30, 2025
Power Products$218.4 $131.8 $295.4 
Materials Products100.3 65.0 265.2 
Total$318.7 $196.8 $560.6 
Geographic Information
The Company conducts business in several geographic areas. Revenue is attributed to a particular geographic region based on the shipping address for the products. Disaggregated continuing operations revenue from external customers by geographic area is as follows:
 SuccessorPredecessor
 Three months ended March 29, 2026Three months ended March 30, 2025
(in millions of U.S. Dollars)Revenue% of RevenueRevenue% of Revenue
United States$51.2 34.1 %38.4 20.7 %
Hong Kong27.2 18.1 %28.1 15.2 %
Europe27.3 18.2 %34.1 18.4 %
Asia Pacific(1)
26.0 17.3 %21.4 11.5 %
Singapore7.4 4.9 %21.0 11.3 %
China4.1 2.7 %21.9 11.8 %
Japan5.7 3.8 %19.5 10.5 %
Other1.3 0.9 %1.0 0.6 %
Total$150.2 $185.4 
(1) Excluding China, Hong Kong, Japan and Singapore

 SuccessorPredecessor
 Period from September 30, 2025 to March 29, 2026Period from June 30, 2025 to September 29, 2025Nine months ended March 30, 2025
(in millions of U.S. Dollars)Revenue% of RevenueRevenue% of RevenueRevenue% of Revenue
United States$106.0 33.3 %44.9 22.8 %84.5 15.1 %
Hong Kong57.8 18.1 %26.1 13.3 %80.9 14.4 %
Europe54.0 16.9 %36.3 18.4 %123.7 22.1 %
Asia Pacific(1)
51.4 16.1 %49.1 24.9 %62.0 11.1 %
Singapore18.6 5.8 %7.6 3.9 %83.8 14.9 %
China13.8 4.3 %17.9 9.1 %48.9 8.7 %
Japan12.6 4.0 %13.3 6.8 %75.2 13.4 %
Other4.5 1.5 %1.6 0.8 %1.6 0.3 %
Total$318.7 $196.8 $560.6 
(1) Excluding China, Hong Kong, Japan and Singapore