CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Mar. 28, 2026 |
Mar. 29, 2025 |
Mar. 28, 2026 |
Mar. 29, 2025 |
|
| Income Statement [Abstract] | ||||
| Net revenue | $ 808.4 | $ 425.2 | $ 2,007.7 | $ 1,164.3 |
| Cost of sales | 432.1 | 283.7 | 1,170.7 | 801.4 |
| Amortization of acquired developed intangibles | 19.3 | 19.0 | 58.4 | 62.9 |
| Gross profit | 357.0 | 122.5 | 778.6 | 300.0 |
| Operating expenses: | ||||
| Research and development | 90.6 | 75.9 | 252.1 | 224.4 |
| Selling, general and administrative | 90.8 | 112.0 | 272.0 | 264.6 |
| Restructuring and related charges | 1.1 | 7.2 | 9.0 | 17.6 |
| Gain on sale of facility | 0.0 | (34.9) | 0.0 | (34.9) |
| Total operating expenses | 182.5 | 160.2 | 533.1 | 471.7 |
| Income (loss) from operations | 174.5 | (37.7) | 245.5 | (171.7) |
| Escrow settlement | 0.0 | 0.0 | 27.5 | 0.0 |
| Interest expense | (6.2) | (5.7) | (18.2) | (16.8) |
| Other income, net | 15.5 | 4.2 | 30.7 | 27.8 |
| Total other income (expense), net | 9.3 | (1.5) | 40.0 | 11.0 |
| Income (loss) before income taxes | 183.8 | (39.2) | 285.5 | (160.7) |
| Income tax provision | 39.6 | 4.9 | 58.9 | 26.7 |
| Net income (loss) | 144.2 | (44.1) | 226.6 | (187.4) |
| Income allocated to participating securities | (1.7) | 0.0 | (0.9) | 0.0 |
| Net income (loss) available to common shareholders - basic | $ 142.5 | $ (44.1) | $ 225.7 | $ (187.4) |
| Net income (loss) per common share: | ||||
| Basic (in usd per share) | $ 1.99 | $ (0.64) | $ 3.18 | $ (2.72) |
| Diluted (in usd per share) | $ 1.50 | $ (0.64) | $ 2.59 | $ (2.72) |
| Shares used to compute net income (loss) per common share: | ||||
| Basic (in shares) | 71.5 | 69.3 | 71.0 | 68.8 |
| Diluted (in shares) | 96.2 | 69.3 | 87.4 | 68.8 |
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- Definition Cost of product sold and service rendered, excluding depreciation, depletion, and amortization. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of expense for allocation of cost of intangible asset over its useful life directly used in production of good and rendering of service. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of gain (loss) recognized in settlement of litigation and insurance claims. Excludes claims within an insurance entity's normal claims settlement process. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, before tax, of income (loss) attributable to parent. Includes, but is not limited to, income (loss) from continuing operations, discontinued operations and equity method investments. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of expense for research and development. Includes, but is not limited to, cost for computer software product to be sold, leased, or otherwise marketed and writeoff of research and development assets acquired in transaction other than business combination or joint venture formation or both. Excludes write-down of intangible asset acquired in business combination or from joint venture formation or both, used in research and development activity. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of undistributed earnings (loss) allocated to participating securities for the basic earnings (loss) per share or per unit calculation under the two-class method. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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