4.
Revenue from Contracts with Customers

The following tables summarize net sales disaggregated by market, by product and by geography for the fiscal years ended March 27, 2026, March 28, 2025 and March 29, 2024. The categorization of net sales by market is determined using various characteristics of the product and the application into which the Company’s product will be incorporated. The categorization of net sales by geography is determined based on the location to which the products are shipped.

Net sales by market:

 

Fiscal Year Ended

 

 

March 27,
2026

 

 

March 28,
2025

 

 

March 29,
2024

 

Automotive

 

$

628,561

 

 

$

535,205

 

 

$

759,454

 

Industrial and other

 

 

261,535

 

 

 

189,801

 

 

 

289,913

 

Total net sales

 

$

890,096

 

 

$

725,006

 

 

$

1,049,367

 

 

Net sales by product:

 

Fiscal Year Ended

 

 

March 27,
2026

 

 

March 28,
2025

 

 

March 29,
2024

 

Magnetic sensors

 

$

538,538

 

 

$

474,557

 

 

$

649,869

 

Power integrated circuits

 

 

351,558

 

 

 

250,449

 

 

 

399,498

 

Total net sales

 

$

890,096

 

 

$

725,006

 

 

$

1,049,367

 

 

Net sales by geography:

 

Fiscal Year Ended

 

 

March 27,
2026

 

 

March 28,
2025

 

 

March 29,
2024

 

Americas:

 

 

 

 

 

 

 

 

 

United States

 

$

91,412

 

 

$

92,458

 

 

$

149,283

 

Other Americas

 

 

41,778

 

 

 

24,851

 

 

 

32,119

 

EMEA:

 

 

 

 

 

 

 

 

 

Europe

 

 

120,562

 

 

 

106,726

 

 

 

176,628

 

Asia:

 

 

 

 

 

 

 

 

 

Greater China

 

 

249,417

 

 

 

183,033

 

 

 

274,851

 

Japan

 

 

150,946

 

 

 

153,842

 

 

 

175,713

 

South Korea

 

 

77,976

 

 

 

73,702

 

 

 

113,877

 

Other Asia

 

 

158,005

 

 

 

90,394

 

 

 

126,896

 

Total net sales

 

$

890,096

 

 

$

725,006

 

 

$

1,049,367

 

 

The Company recognizes sales net of returns and sales allowances, which include credits issued, price protection adjustments and stock rotation rights. As of March 27, 2026 and March 28, 2025, the obligation associated with returns and sales allowances, was $48,616 and $33,855, respectively, and was netted against trade accounts receivable in the consolidated balance sheets.

Unsatisfied performance obligations primarily represent contracts for products with future delivery dates. The Company elected not to disclose the amount of unsatisfied performance obligations as these contracts have original expected durations of less than one year.

Historical Timeline

Fiscal YearFiled
2026May 21, 2026Showing above
2025May 22, 2025
2024May 23, 2024
2023May 25, 2023
2022May 18, 2022
2021May 19, 2021

About Revenue Disclosures

Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.

Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.