Balance Sheet Details (Tables)

9 Months Ended

Mar. 28, 2026

Organization, Consolidation and Presentation of Financial Statements [Abstract]

The components of inventories were as follows (in millions):


	March 28, 2026		June 28, 2025
Raw materials and purchased parts	$	321.1	$	253.2
Work in process	224.8		159.1
Finished goods	86.9		57.8
Inventories	$	632.8	$	470.1

Schedule of Components of Property, Plant and Equipment, Net

The components of property, plant and equipment, net were as follows (in millions):


	March 28, 2026		June 28, 2025
Land	$	92.1	$	108.6
Buildings and improvements	280.9		270.4
Machinery and equipment	1,059.7		848.8
Computer equipment and software	42.4		39.1
Furniture and fixtures	13.0		14.7
Leasehold improvements	48.3		45.9

Construction in progress	248.4		152.3
	1,784.8		1,479.8
Less: Accumulated depreciation	(820.5)		(753.4)
Property, plant and equipment, net	$	964.3	$	726.4

Schedule of Operating Lease, Right-of-Use Assets, Net

Operating lease right-of-use assets, net were as follows (in millions):


	March 28, 2026		June 28, 2025
Operating lease right-of-use assets	$	57.1	$	54.4
Less: accumulated amortization	(30.1)		(26.5)
Operating lease right-of-use assets, net	$	27.0	$	27.9

Schedule of Components of Other Current Liabilities

The components of other current liabilities were as follows (in millions):


	March 28, 2026		June 28, 2025
Restructuring accrual and related charges (1)	$	2.0	$	2.5
Warranty reserve (2)	25.0		14.4
Deferred revenue and customer deposits (3)	7.3		0.7

Income tax payable (4)	22.4		29.1
Other current liabilities	6.2		6.4
Other current liabilities	$	62.9	$	53.1

(1) Refer to “Note 11. Restructuring and Related Charges (Reversals).”

(2) Refer to “Note 14. Commitments and Contingencies.”

(3) Refer to “Note 16. Revenue Recognition.”

(4) Refer to “Note 12. Income Taxes.”

Schedule of Components of Other Non-Current Liabilities

The components of other non-current liabilities were as follows (in millions):


	March 28, 2026		June 28, 2025
Asset retirement obligations	$	7.1	$	7.1
Pension and related accruals (1)	11.4		9.7

Unrecognized tax benefit (2)	67.6		55.6
Other non-current liabilities (2)	35.1		25.4
Other non-current liabilities	$	121.2	$	97.8

(1) We have defined benefit pension plans in Japan, Switzerland, and Thailand. Pension and related accrual of $11.4 million as of March 28, 2026 represents $11.8 million of non-current portion of benefit obligation, offset by $0.4 million of funding for the pension plan in Switzerland. Pension and related accrual of $9.7 million as of June 28, 2025 relates to $11.0 million of non-current portion of benefit obligation, offset by $1.3 million of funding for the pension plan in Switzerland. We typically re-evaluate the assumptions related to the fair value of our defined benefit obligations annually in the fiscal fourth quarter and make any updates as necessary. During the three and nine months ended March 28, 2026, our contribution expense to the 401(k) Plan in the United States was $1.2 million and $2.3 million, respectively. During the three and nine months ended March 29, 2025, our contribution expense to the 401(k) Plan in the United States was $1.1 million and $2.4 million, respectively. Our contribution expense to all defined contribution plans outside the United States was $2.7 million and $7.9 million during the three and nine months ended March 28, 2026, respectively. Our contribution expense to all defined contribution plans outside the United States was $2.3 million and $6.1 million during the three and nine months ended March 29, 2025, respectively.

(2) We have reclassified a $21.4 million unrecognized tax position to other non-current liabilities in the condensed consolidated balance sheets as of the year ended June 28, 2025 for an indemnification liability related to the sale of certain assets. This does not impact our results of operations for the year ended June 28, 2025.