Quarterly report [Sections 13 or 15(d)]

Concentration of Credit Risk, Significant Customers and Geographic Information (Tables)

v3.26.1
Concentration of Credit Risk, Significant Customers and Geographic Information (Tables)
 6 Months Ended
Jun. 30, 2026
Risks and Uncertainties [Abstract]  
Schedule of Concentration of Risk, by Risk Factor
Customers comprising 10% or greater of net revenues for each of the periods presented are as follows:
Three Months Ended June 30, Six Months Ended June 30,
2026 2025 2026 2025
Percentage of total net revenue
Customer A * 16  % 11  % 16  %
Customer B * 16  % * 14  %
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*    Represents less than 10% of the net revenue for the respective period.
The following table presents balances that are 10% or greater of gross accounts receivable, based on the Company’s billings to its customers.
June 30, 2026 December 31, 2025
Percentage of gross accounts receivable
Customer C 20  % *
Customer D 12  % 26  %
Customer E 12  % *
Customer F * 14  %
Customer G * 10  %
Customer H * 10  %
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*    Represents less than 10% of the gross accounts receivable for the respective period.
Significant Suppliers

Suppliers comprising 10% or greater of total inventory purchases are as follows:
Three Months Ended June 30, Six Months Ended June 30,
2026 2025 2026 2025
Vendor A 57  % 29  % 54  % 32  %
Vendor B 13  % 23  % 15  % 21  %
Vendor C * 14  % * 14  %
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*    Represents less than 10% of the total inventory purchases for the respective period.
Schedule of Revenue from External Customers by Geographic Areas
The Company’s consolidated net revenues by geographic area based on ship-to location are as follows (dollars in thousands):
Three Months Ended June 30, Six Months Ended June 30,
2026 2025 2026 2025
Amount % of total net revenue Amount % of total net revenue Amount % of total net revenue Amount % of total net revenue
Asia $ 143,795  85  % $ 87,118  80  % $ 249,180  81  % $ 162,379  80  %
Europe 15,028  9  % 16,101  15  % 31,317  10  % 31,055  15  %
United States 9,498  6  % 5,223  5  % 23,489  8  % 10,752  5  %
Rest of world 526  —  % 371  —  % 2,049  1  % 560  —  %
Total $ 168,847  100  % $ 108,813  100  % $ 306,035  100  % $ 204,746  100  %
The products shipped to individual countries or territories representing 10% or greater of total net revenue for each of the periods presented are as follows:
Three Months Ended June 30, Six Months Ended June 30,
2026 2025 2026 2025
Percentage of total net revenue
Hong Kong 48  % 50  % 48  % 49  %
Mainland China
 13  % * 12  % *
Vietnam 13  % 10  % 10  % 10  %
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*    Represents less than 10% of total net revenue for the respective period.
Schedule of Long-lived Assets by Geographic Areas
Long-lived assets, which consist of property and equipment, net, leased right-of-use assets, intangible assets, net, and goodwill by geographic area are as follows (dollars in thousands):
June 30, 2026 December 31, 2025
Amount % of total Amount % of total
United States $ 320,820  75  % $ 319,478  74  %
Singapore 83,142  20  % 92,519  21  %
Rest of world 19,337  5  % 19,862  5  %
Total $ 423,299  100  % $ 431,859  100  %