v3.25.2
Cash, cash equivalents and short-term investments (Tables)
12 Months Ended
Jun. 27, 2025
Cash and Cash Equivalents [Abstract]  
Schedule of Cash, Cash Equivalents, and Short-Term Investments
The Company’s cash, cash equivalents, and short-term investments by category is as follows:
Fair Value
(in thousands)Carrying
Cost
Unrealized
Gain/
(Loss)
Cash and
Cash
Equivalents
Short-term InvestmentsOther
Investments
As of June 27, 2025
Cash$295,242 $— $295,242 $— $— 
Cash equivalents11,183 — 11,183 — — 
Certificates of deposit and time deposits144,730 1,022 — 145,752 — 
Corporate debt securities183,076 6,897 — 189,973 — 
U.S. agency and U.S. Treasury securities291,295 799 — 292,094 — 
Total$925,526 $8,718 $306,425 $627,819 $— 
As of June 28, 2024
Cash$409,938 $— $409,938 $— $— 
Cash equivalents35 — 35 — — 
Certificate of deposit and time deposits134,288 (5)— 134,283 — 
Corporate debt securities137,695 (932)— 136,763 — 
U.S. agency and U.S. Treasury securities177,824 (240)— 177,584 — 
Total$859,780 $(1,177)$409,973 $448,630 $— 
Summary of Cost and Estimated Fair Value of Short-term Investments Classified as Available-for-Sale Securities
The following table summarizes the cost and estimated fair value of debt securities classified as available-for-sale securities based on stated effective maturities as of June 27, 2025 and June 28, 2024:
June 27, 2025June 28, 2024
(in thousands)Carrying
Cost
Fair ValueCarrying
Cost
Fair Value
Due within one year$128,958 $129,977 $110,671 $110,669 
Due between one to five years490,143 497,842 339,136 337,961 
Total$619,101 $627,819 $449,807 $448,630