Quarterly report [Sections 13 or 15(d)]

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

v3.26.3
Concentration of Credit Risk, Significant Customers and Geographic Information (Tables)
 9 Months Ended
Sep. 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 September 30, Nine Months Ended September 30,
2026 2025 2026 2025
Percentage of total net revenue
Customer A * 18  % 10  % 17  %
Customer B * 11  % * 13  %
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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.
September 30, 2026 December 31, 2025
Percentage of gross accounts receivable
Customer C 15  % 26  %
Customer D 15  % *
Customer E 12  % 14  %
Customer F * 10  %
Customer G * 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 September 30, Nine Months Ended September 30,
2026 2025 2026 2025
Vendor A 52  % 34  % 54  % 33  %
Vendor B * 25  % 12  % 23  %
Vendor C * 18  % * 15  %
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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 September 30, Nine Months Ended September 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 $ 194,509  89  % $ 105,592  83  % $ 443,689  85  % $ 267,971  81  %
Europe 13,133  6  % 16,343  13  % 44,450  8  % 47,398  14  %
United States 8,165  4  % 3,565  3  % 31,654  6  % 14,317  4  %
Rest of world 2,250  1  % 959  1  % 4,299  1  % 1,519  1  %
Total $ 218,057  100  % $ 126,459  100  % $ 524,092  100  % $ 331,205  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 September 30, Nine Months Ended September 30,
2026 2025 2026 2025
Percentage of total net revenue
Hong Kong 52  % 46  % 50  % 48  %
Mainland China
 12  % * 12  % *
Vietnam 12  % 15  % 11  % 12  %
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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):
September 30, 2026 December 31, 2025
Amount % of total Amount % of total
United States $ 323,167  76  % $ 319,478  74  %
Singapore 79,605  19  % 92,519  21  %
Rest of world 19,233  5  % 19,862  5  %
Total $ 422,005  100  % $ 431,859  100  %