Earnings Per Share (Tables)

9 Months Ended

Mar. 28, 2026

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Net Loss Per Share

The following table sets forth the computation of basic and diluted net income (loss) per common share under the two-class or as-converted method (in millions, except per share data):


			Three Months Ended												Nine Months Ended
			March 28, 2026						March 29, 2025						March 28, 2026						March 29, 2025
Basic income (loss) per common share:
Net income			$	144.2					$	(44.1)					$	226.6					$	(187.4)
Income allocated to Series A Convertible Preferred Stock			(1.7)						—						(0.9)						—
Net income available to common shareholders			$	142.5					$	(44.1)					$	225.7					$	(187.4)

Weighted average basic shares outstanding			71.5						69.3						71.0						68.8

Basic income (loss) per common share			$	1.99					$	(0.64)					$	3.18					$	(2.72)

Diluted income (loss) per common share:

Numerator:
Net income (loss)			$	144.2					$	(44.1)					$	226.6					$	(187.4)

Denominator:
Weighted average common shares outstanding - basic			71.5						69.3						71.0						68.8
Effect of dilutive securities from Series A Convertible Preferred Stock			0.9						—						0.3						—
Effect of dilutive securities from ESPP			—						—						0.1						—
Effect of dilutive securities from stock options			0.3						—						0.3						—
Effect of dilutive securities from RSUs and PSUs			2.7						—						2.3						—
Shares issuable assuming conversion of the convertible notes			20.8						—						13.4						—
Weighted average common shares outstanding - diluted			96.2						69.3						87.4						68.8

Diluted income (loss) per common share			$	1.50					$	(0.64)					$	2.59					$	(2.72)