Equity (Tables)

9 Months Ended

Mar. 28, 2026

Schedule of Impact on Results of Operations of Recording Stock-Based Compensation by Function

The impact on our results of operations of recording stock-based compensation by function for the periods presented was as follows (in millions):


	Three Months Ended				Nine Months Ended
	March 28, 2026		March 29, 2025		March 28, 2026		March 29, 2025
Cost of sales	$	9.2	$	9.2	$	30.7	$	28.1
Research and development	9.4		11.2		29.0		31.9
Selling, general and administrative	23.0		42.4		69.7		77.2
Total stock-based compensation	$	41.6	$	62.8	$	129.4	$	137.2

Our stock-based compensation by equity awards for the periods presented were as follows (in millions):


	Three Months Ended				Nine Months Ended
	March 28, 2026		March 29, 2025		March 28, 2026		March 29, 2025
RSUs	$	28.5	$	31.5	$	81.1	$	80.3
AIP PSUs	—		8.3		4.8		21.9
TSR PSUs	4.5		1.0		12.0		1.6
Other PSUs	5.9		19.4		21.3		24.7
Total PSUs	10.4		28.7		38.1		48.2
Options	1.0		1.3		3.6		3.9
ESPP	1.3		1.2		4.1		3.4
Sub-total	41.2		62.7		126.9		135.8
Change in stock-based compensation capitalized to inventory	0.4		0.1		2.5		1.4
Total stock-based compensation	$	41.6	$	62.8	$	129.4	$	137.2

Schedule of Income Tax Benefit Associated with Stock-Based Compensation

Total income tax benefit associated with stock-based compensation recognized in our condensed consolidated statements of operations during the periods presented was as follows (in millions):


	Three Months Ended				Nine Months Ended
	March 28, 2026		March 29, 2025		March 28, 2026		March 29, 2025
Income tax benefit associated with stock-based compensation	$	14.2	$	5.4	$	24.5	$	11.5

Schedule of Unrecognized-Stock Based Compensation

The table below summarizes the unrecognized stock-based compensation cost related to unvested shares and the weighted-average period over which it is expected to be recognized as of March 28, 2026:


	Unrecognized stock-based compensation (in millions)		Weighted-average period (in years)
RSUs	$	167.1	1.9
PSUs	83.2		2.2
Stock options	2.3		0.6
ESPP	0.7		0.1

Schedule of Awards Activity

The following table summarizes our award activities for the nine months ended March 28, 2026 (in millions):



	Stock Options			Restricted Stock Units			Performance Stock Units
	Number of Shares	Weighted-Average Exercise Price per Share		Number of Shares	Weighted-Average Grant Date Fair Value per Share		Number of Shares	Weighted-Average Grant Date Fair Value per Share





Balance as of June 28, 2025	0.6	$	8.1	2.6	$	59.9	1.6	$	61.0


Granted	—	—		1.1	138.0		0.2	120.4
Vested/Exercised	(0.3)	7.9		(1.2)	61.8		(0.9)	57.0
Canceled/Forfeited	—	—		(0.2)	68.0		(0.1)	82.2
Balance as of March 28, 2026	0.3	$	8.1	2.3	$	95.6	0.8	$	82.5

Schedule of Awards Available for Grant

A summary of awards available for grant is as follows (in millions):


			Awards Available for Grant
Balance as of June 28, 2025			2.6


Authorized			3.2
Removed			(1.4)
Granted			(1.3)
Canceled/Forfeited			0.3
Balance as of March 28, 2026			3.4