v3.25.2
COMMITMENTS, CONTINGENCIES AND CONCENTRATIONS (Tables)
9 Months Ended
Jun. 28, 2025
Commitments and Contingencies Disclosure [Abstract]  
Reserve for product warranty activity
The following table reflects the reserve for warranty activity for the three and nine months ended June 28, 2025 and June 29, 2024: 
Three months endedNine months ended
(in thousands)June 28, 2025June 29, 2024June 28, 2025June 29, 2024
Reserve for product warranty, beginning of period$8,524 $9,907 $9,911 $10,457 
Provision for product warranty2,064 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 
Obligations not reflected on the Consolidated Balance Sheet
The following table reflects obligations not reflected on the Consolidated Condensed Balance Sheets as of June 28, 2025:
Payments due by fiscal year
(in thousands)Total20252026202720282029Thereafter
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.
Schedule of Revenue by Major Customers by Reporting Segments
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:
Nine months ended
June 28, 2025June 29, 2024
Tianshui Huatian Technology Co., Ltd10.1 %*
* Represents less than 10% of total net revenue
Significant customer concentrations as a percentage of total accounts receivable
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, 2025June 29, 2024
Intel Corporation*10.7 %
Forehope Group16.2 %23.8 %
Tianshui Huatian Technology Co., Ltd18.0 %12.4 %
* Represents less than 10% of total accounts receivable