The Company’s equipment is generally shipped with a one-year warranty against manufacturing defects. The Company establishes reserves for estimated warranty expense when revenue for the related equipment is recognized. The reserve for estimated warranty expense is based upon historical experience and management’s estimate of future warranty costs, including product part replacement, freight charges and related labor costs expected to be incurred in correcting manufacturing defects during the warranty period.





	Three months ended				Nine months ended
(in thousands)	June 28, 2025		June 29, 2024		June 28, 2025		June 29, 2024
Reserve for product warranty, beginning of period	$	8,524	$	9,907	$	9,911	$	10,457
Provision for product warranty	2,064		3,787		6,476		9,856
Utilization of reserve	(2,977)		(3,329)		(8,776)		(9,948)
Reserve for product warranty, end of period	$	7,611	$	10,365	$	7,611	$	10,365


			Payments due by fiscal year
(in thousands)	Total		2025		2026		2027		2028		2029		Thereafter
Inventory purchase obligation (1)	$	133,373	$	26,837	$	106,536	$	—	$	—	$	—	$	—

(1)The Company orders inventory components in the normal course of its business. A portion of these orders are non-cancelable and a portion may have varying penalties and charges in the event of cancellation.

From time to time, the Company is party to or the target of lawsuits, claims, investigations and proceedings, including for personal injury, intellectual property, commercial, contract, and employment matters, which are handled and defended in the ordinary course of business. The Company accrues a contingent loss liability for such matters when it is probable that a liability has been incurred and the amount can be reasonably estimated. When a single amount cannot be reasonably estimated but the cost can be estimated within a range, the Company accrues the minimum amount. The Company expenses legal costs, including those expected to be incurred in connection with a loss contingency, as incurred.

As of June 28, 2025, the Company also has an obligation to fund uncalled capital commitments of approximately $4.2 million, as and when required, in relation to its investment in a private equity fund.

The following table reflects significant customer concentrations as a percentage of net revenue for the nine months ended June 28, 2025 and June 29, 2024:

The following table reflects significant customer concentrations as a percentage of total accounts receivable as of June 28, 2025 and June 29, 2024:



	As of
	June 28, 2025		June 29, 2024
Intel Corporation	*		10.7	%
Forehope Group	16.2	%	23.8	%


Tianshui Huatian Technology Co., Ltd	18.0	%	12.4	%