Related Party Disclosures |
6 Months Ended |
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Feb. 27, 2026 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions | Related Party Transactions From time to time, we may enter into an agreement with a related party in the ordinary course of business. These agreements are reviewed and approved or ratified by the Audit Committee of the Board pursuant to our related person transaction policy. We follow ASC 850, Related Party Disclosures, for the identification of related parties and disclosure of related party transactions, under which related parties are defined as members of our Board of Directors, affiliates of the Company, management and principal owners of our outstanding stock and members of their immediate families. Related parties also include any other person or entity with significant influence over our management or operations. A transaction is considered to be a related party transaction when there is a transfer of resources or obligations between related parties. We assess related parties each reporting period. On May 26, 2025, we entered into an agreement with SKT, a related party, under which we subsequently entered into statements of work to provide solutions to support SKT’s future AI data center infrastructure initiatives. SKT, through Astra AI Infra, a special purpose vehicle formed by SKT, holds more than 10% of the voting interest of the Company. Additionally, Min Yong Ha, an executive of SKT, is a member of our Board of Directors. At the beginning of fiscal 2026 we had $18.3 million in cash deposits recorded as a contract liability. During the three and six months ended February 27, 2026, we recognized revenue of $0.9 million and $33.1 million, respectively, on the fulfillment of AI hardware solutions, installation services, and managed services. As of February 27, 2026, we had a $0.7 million outstanding balance under accounts receivable associated with related parties.
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