Revenue Recognition (Tables)

9 Months Ended

Mar. 28, 2026

Revenue Recognition and Deferred Revenue [Abstract]

The table below discloses our total net revenue by type of product (in millions, except percentage data):


	Three Months Ended								Nine Months Ended
	March 28, 2026				March 29, 2025				March 28, 2026				March 29, 2025
	Amount		% of Total		Amount		% of Total		Amount		% of Total		Amount		% of Total










Components	533.3		66.0	%	300.8		70.7	%	1,356.2		67.5	%	$	795.9	68.4	%
Systems	275.1		34.0	%	124.4		29.3	%	651.5		32.5	%	368.4		31.6	%
Net revenue	$	808.4	100.0	%	$	425.2	100.0	%	$	2,007.7	100.0	%	$	1,164.3	100.0	%

Schedule of Changes in Contract Balances

The following table reflects the changes in contract balances for the periods presented (in millions, except percentages):


Contract balances	Balance sheet location	March 28, 2026		June 28, 2025		Change		Percentage Change
Accounts receivable, net	Accounts receivable, net	$	441.6	$	250.0	$	191.6	76.6	%
Deferred revenue and customer deposits (1)	Other current liabilities	$	7.3	$	0.7	$	6.6	942.9	%
Deferred revenue and customer deposits (1)	Other non-current liabilities	$	2.2	$	—	$	2.2	n/a

(1) We recorded the total $6.9 million of below-market contract liability related to our acquisition of a business in March 2026 in our consolidated balance sheets, wherein about $6.1 million was recorded as other current liabilities and about $0.8 million was recorded as other non-current liabilities, which will be amortized and recorded as revenue over the term of the supply agreement. During the three and nine months ended March 28, 2026, we have recognized approximately $0.4 million of this amount to revenue. Refer to “Note 4. Business Combinations” for details.