v3.25.2
Net Income (Loss) Per Share
9 Months Ended
Jun. 28, 2025
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share
11. Net Income (Loss) Per Share
Basic net income (loss) per share is calculated by dividing net income (loss) by the weighted-average number of shares of common stock outstanding less shares subject to repurchase. Diluted net income (loss) per share adjusts the basic net income (loss) per
share and the weighted-average number of shares of common stock outstanding for the potentially dilutive impact of stock awards, using the treasury stock method.
The following table sets forth the computation of the Company’s basic and diluted net income (loss) per share:
Three Months EndedNine Months Ended
June 28,
2025
June 29,
2024
June 28,
2025
June 29,
2024
(In thousands, except share and per share data)
Numerator:
Net income (loss) - basic and diluted
$(3,379)$3,709 $(23,286)$14,947 
Denominator:
Weighted-average shares of common stock—basic120,423,439122,553,129120,804,730 123,828,150 
Effect of potentially dilutive stock options— 1,116,000 — 956,598 
Effect of RSUs— 3,543,526 — 3,085,571 
Effect of PSUs— 32,804 — 16,049 
Weighted-average shares of common stock—diluted120,423,439127,245,459120,804,730 127,886,368 
Net income (loss) per share:
Basic$(0.03)$0.03 $(0.19)$0.12 
Diluted$(0.03)$0.03 $(0.19)$0.12 
The following shares were excluded from the computation of diluted net income (loss) per share because their effect would have been antidilutive:
Three Months EndedNine Months Ended
June 28,
2025
June 29,
2024
June 28,
2025
June 29,
2024
Stock options to purchase common stock6,338,1656,371,6046,673,4036,998,738
Restricted stock units10,863,0069,556,87913,394,2709,828,619
Performance stock units516,697187,255201,69188,030
Total17,717,86816,115,73820,269,36416,915,387