v3.26.1
Cash, cash equivalents and short-term investments
9 Months Ended
Mar. 27, 2026
Cash and Cash Equivalents [Abstract]  
Cash, cash equivalents and short-term investments Cash, cash equivalents and short-term investments
The Company’s cash, cash equivalents, and short-term investments are as follows:
Fair Value
(in thousands)Carrying
Cost
Unrealized
Gain/
(Loss)
Cash and
Cash
Equivalents
Short-term InvestmentsOther
Investments
As of March 27, 2026
Cash$226,832 $— $226,832 $— $— 
Cash equivalents129,730 — 129,730 — — 
Certificates of deposit and time deposits75,782 468 — 76,250 — 
Corporate debt securities204,889 7,349 — 212,238 — 
U.S. agency and U.S. treasury securities300,612 (426)— 300,186 — 
Total$937,845 $7,391 $356,562 $588,674 $— 
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 $— 
All highly liquid investments with original maturities of three months or less at the date of purchase are classified as cash equivalents. Management determines the appropriate classification of its investments at the time of purchase. The Company may sell certain of its short-term investments prior to their stated maturities for strategic reasons including, but not limited to, anticipation of credit deterioration and duration management. The maturities of the Company’s short-term investments generally range from three months to three years.
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 March 27, 2026 and June 27, 2025:
March 27, 2026June 27, 2025
(in thousands)Carrying
Cost
Fair ValueCarrying
Cost
Fair Value
Due within one year$75,782 $76,250 $128,958 $129,977 
Due between one to five years505,501 512,424 490,143 497,842 
Total$581,283 $588,674 $619,101 $627,819