FN — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-05

• On March 25, 2026, we entered into a share purchase agreement to acquire a 16.0% equity interest in Raytek Semiconductor, Inc. (“Raytek”) for approximately NT$1.02 billion ($32.4 million), subject to customary closing conditions. The investment will be accounted for as an equity security measured at…

• Our gross profit increased by $96.4 million, or 31.9%, to $398.5 million, or 12.0% of revenues, for the nine months ended March 27, 2026, compared with $302.1 million, or 12.0% of revenues, for the nine months ended March 28, 2025. The increase was primarily due to an increase in sales volume.

• We had no restructuring costs for the three and nine months ended March 27, 2026. We recorded restructuring and other related costs for the three and nine months ended March 28, 2025 of $1.3 million and $1.4 million, respectively, due to restructuring of operations in our subsidiary in Thailand.

• Our operating income increased by $93.2 million, or 39.6%, to $328.6 million, or 9.9% of revenues, for the nine months ended March 27, 2026, compared with $235.4 million, or 9.4% of revenues, for the nine months ended March 28, 2025. The increase was primarily due to an increase in revenues.

• Our interest income decreased by $7.0 million, or 21.6%, to $25.4 million, or 0.7% of revenues, for the nine months ended March 27, 2026, compared with $32.4 million, or 1.3% of revenues, for the nine months ended March 28, 2025. The decrease was primarily due to a decrease in average cash balance a…

Text removed vs the prior filing · source: 10-Q · 2026-02-03

• Our gross profit increased by $54.2 million, or 27.1%, to $254.1 million, or 12.0% of revenues, for the six months ended December 26, 2025, compared with $199.9 million, or 12.2% of revenues, for the six months ended December 27, 2024. The increase was primarily due to an increase in sales volume.

• Our operating income increased by $34.8 million, or 43.7%, to $114.4 million, or 10.1% of revenues, for the three months ended December 26, 2025, compared with $79.6 million, or 9.5% of revenues, for the three months ended December 27, 2024. The increase was primarily due to an increase in revenues.

• Our interest income decreased by $2.7 million, or 23.9%, to $8.6 million, or 0.8% of revenues, for the three months ended December 26, 2025, compared with $11.3 million, or 1.4% of revenues, for the three months ended December 27, 2024. The decrease was primarily due to a decrease in average cash ba…

• We recorded foreign exchange loss, net of $3.2 million, or 0.3% of revenues, for the three months ended December 26, 2025, compared with foreign exchange gain, net of $4.0 million, or 0.5% of revenues, for the three months ended December 27, 2024. The foreign exchange loss was mainly due to (1) unre…

• We recorded income before income taxes of $119.7 million for the three months ended December 26, 2025, compared with $94.9 million for the three months ended December 27, 2024.

Text removed vs the prior filing · source: 10-Q · 2026-02-03

• On June 28, 2024, Ngan In Leng and First Laser Limited (collectively, the “Plaintiffs”) filed a complaint in the Fuzhou Intermediate People’s Court (the “Court”) in Fuzhou, China against Fujian Enterprises (Holdings) Co., Ltd. (“FEHC”), Jian An Investment Limited (“Jian”), and Casix, Inc. (“Casix”),…

• In September 2024, the Court dismissed the complaint in its entirety based on jurisdictional grounds. The Plaintiffs subsequently appealed the Court’s ruling to the High People's Court of Fujian Province (the "Appellate Court"). In their appeal, the Plaintiffs claimed that Casix is the primary oblig…

Text added vs the prior filing · source: 10-Q · 2026-05-05

• We have depended, and will continue to depend, upon a small number of customers for a significant percentage of our revenues. During the three months ended March 27, 2026 and March 28, 2025, we had three customers that each contributed 10% or more of our revenues. Such customers together accounted f…

Text removed vs the prior filing · source: 10-Q · 2026-02-03

• We have depended, and will continue to depend, upon a small number of customers for a significant percentage of our revenues. During the three months ended December 26, 2025 and December 27, 2024, we had four and two customers, respectively, that each contributed 10% or more of our revenues. Such cu…