v3.26.1
Goodwill and Other Intangible Assets (Tables)
 9 Months Ended
Mar. 28, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table presents our goodwill balances as of March 28, 2026 and June 28, 2025 (in millions):
Amount
Balance as of June 28, 2025$1,060.9 
Acquisition of a business (1)
5.4 
Balances as of March 28, 2026$1,066.3 
(1) On March 17, 2026, we acquired a manufacturing facility in Greensboro, North Carolina. The acquired business mainly included land and building, machinery and equipment and an assembled workforce, offset by the liabilities assumed. The goodwill of $5.4 million arising from this acquisition is attributed to the value of the assembled workforce and the strategic benefits associated with acquiring an operational fabrication facility to expand our capacity. Refer to “Note 4. Business Combinations” for details.
Schedule of Acquired Developed Technology and Other Intangibles
The following tables present details of all of our intangible assets as of the periods presented (in millions, except for weighted average remaining amortization period):
March 28, 2026Gross Carrying AmountsAccumulated AmortizationNet Carrying AmountsWeighted Average Remaining Amortization Period (Years)
Acquired developed technologies$828.4 $(619.1)$209.3 3.6
Customer relationships 419.5 (268.4)151.1 3.5
In-process research and development2.5 — 2.5 n/a
Order backlog14.0 (14.0)— —
Trade name and trademarks3.0 (3.0)— —
Total intangible assets$1,267.4 $(904.5)$362.9 
June 28, 2025Gross Carrying AmountsAccumulated AmortizationNet Carrying AmountsWeighted Average Remaining Amortization Period (Years)
Acquired developed technologies$822.4 $(559.0)$263.4 4.1
Customer relationships 419.8 (226.6)193.2 4.1
In-process research and development8.5 — 8.5 n/a
Order backlog14.0 (14.0)— —
Trade name and trademarks3.0 (3.0)— —
Total intangible assets $1,267.7 $(802.6)$465.1 
Schedule of Amortization Expense
The following table presents details of amortization for the periods presented (in millions):
Three Months EndedNine Months Ended
March 28, 2026March 29, 2025March 28, 2026March 29, 2025
Cost of sales$19.3 $19.0 $58.4 $62.9 
Research and development0.5 0.4 1.3 1.2 
Selling, general and administrative14.0 15.0 42.5 51.0 
Total amortization of intangibles$33.8 $34.4 $102.2 $115.1 
Schedule of Estimated Future Amortization Expense
Based on the carrying amount of our acquired intangible assets except in-process research and development as of March 28, 2026, and assuming no future impairment of the underlying assets, the estimated future amortization is as follows (in millions):
Fiscal Years
Remainder of 2026$33.5 
2027123.6 
202883.0 
202952.6 
203046.5 
Thereafter21.2 
Total future amortization$360.4