v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
shares in Millions, $ in Millions
Total
Preferred Stock
Common Stock
Additional Paid-In Capital
Accumulated Deficit
Accumulated Other Comprehensive Income
Balance at the beginning of the period at Jun. 29, 2024 $ 957.3   $ 0.1 $ 1,835.0 $ (887.1) $ 9.3
Balance at the beginning of period (in shares) at Jun. 29, 2024     67.9      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (82.4)       (82.4)  
Other comprehensive income (loss) 2.3         2.3
Issuance of shares in connection with vesting of restricted stock units and performance stock units (in shares)     0.9      
Withholding taxes related to net share settlement of restricted stock units (in shares)     (0.3)      
Withholding taxes related to net share settlement of restricted stock units (16.0)     (16.0)    
Exercise of stock options (in shares)     0.1      
Exercise of stock options 0.9     0.9    
Stock-based compensation 33.8     33.8    
Balance at the end of the period at Sep. 28, 2024 895.9   $ 0.1 1,853.7 (969.5) 11.6
Balance at the end of period (in shares) at Sep. 28, 2024     68.6      
Balance at the beginning of the period at Jun. 29, 2024 957.3   $ 0.1 1,835.0 (887.1) 9.3
Balance at the beginning of period (in shares) at Jun. 29, 2024     67.9      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (187.4)          
Other comprehensive income (loss) 1.8          
Balance at the end of the period at Mar. 29, 2025 879.5   $ 0.1 1,942.8 (1,074.5) 11.1
Balance at the end of period (in shares) at Mar. 29, 2025     69.4      
Balance at the beginning of the period at Sep. 28, 2024 895.9   $ 0.1 1,853.7 (969.5) 11.6
Balance at the beginning of period (in shares) at Sep. 28, 2024     68.6      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (60.9)       (60.9)  
Other comprehensive income (loss) (1.4)         (1.4)
Issuance of shares in connection with vesting of restricted stock units and performance stock units (in shares)     0.3      
Withholding taxes related to net share settlement of restricted stock units (in shares)     (0.1)      
Withholding taxes related to net share settlement of restricted stock units (7.8)     (7.8)    
Exercise of stock options (in shares)     0.1      
Exercise of stock options 1.1     1.1    
ESPP shares issued (in shares)     0.2      
ESPP shares issued 6.1     6.1    
Stock-based compensation 39.3     39.3    
Balance at the end of the period at Dec. 28, 2024 872.3   $ 0.1 1,892.4 (1,030.4) 10.2
Balance at the end of period (in shares) at Dec. 28, 2024     69.1      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (44.1)       (44.1)  
Other comprehensive income (loss) 0.9         0.9
Issuance of shares in connection with vesting of restricted stock units and performance stock units (in shares)     0.5      
Withholding taxes related to net share settlement of restricted stock units (in shares)     (0.2)      
Withholding taxes related to net share settlement of restricted stock units (12.5)     (12.5)    
Exercise of stock options (in shares)     0.0      
Exercise of stock options 0.2     0.2    
Stock-based compensation 62.7     62.7    
Balance at the end of the period at Mar. 29, 2025 $ 879.5   $ 0.1 1,942.8 (1,074.5) 11.1
Balance at the end of period (in shares) at Mar. 29, 2025     69.4      
Preferred stock, shares outstanding, beginning balance (in shares) at Jun. 28, 2025 0.0 0.0        
Balance at the beginning of the period at Jun. 28, 2025 $ 1,134.7 $ 0.0 $ 0.1 1,986.8 (861.2) 9.0
Balance at the beginning of period (in shares) at Jun. 28, 2025 69.8   69.8      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income $ 4.2       4.2  
Other comprehensive income (loss) 0.1         0.1
Issuance of shares in connection with vesting of restricted stock units and performance stock units (in shares)     1.3      
Withholding taxes related to net share settlement of restricted stock units (in shares)     (0.4)      
Withholding taxes related to net share settlement of restricted stock units (47.4)     (47.4)    
Exercise of stock options (in shares)     0.2      
Exercise of stock options 1.5     1.5    
Stock-based compensation 46.4     46.4    
Fair value of incremental consideration on partial repurchase of 2026 Notes (256.9)     (256.9)    
Capped call options related to 2032 Notes, net of tax (101.8)     (101.8)    
Preferred stock, shares outstanding, ending balance (in shares) at Sep. 27, 2025   0.0        
Balance at the end of the period at Sep. 27, 2025 $ 780.8 $ 0.0 $ 0.1 1,628.6 (857.0) 9.1
Balance at the end of period (in shares) at Sep. 27, 2025     70.9      
Preferred stock, shares outstanding, beginning balance (in shares) at Jun. 28, 2025 0.0 0.0        
Balance at the beginning of the period at Jun. 28, 2025 $ 1,134.7 $ 0.0 $ 0.1 1,986.8 (861.2) 9.0
Balance at the beginning of period (in shares) at Jun. 28, 2025 69.8   69.8      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income $ 226.6          
Other comprehensive income (loss) $ (2.0)          
Preferred stock, shares outstanding, ending balance (in shares) at Mar. 28, 2026 2.9 2.9        
Balance at the end of the period at Mar. 28, 2026 $ 2,973.4 $ 0.0 $ 0.1 3,600.9 (634.6) 7.0
Balance at the end of period (in shares) at Mar. 28, 2026 71.7   71.7      
Preferred stock, shares outstanding, beginning balance (in shares) at Sep. 27, 2025   0.0        
Balance at the beginning of the period at Sep. 27, 2025 $ 780.8 $ 0.0 $ 0.1 1,628.6 (857.0) 9.1
Balance at the beginning of period (in shares) at Sep. 27, 2025     70.9      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 78.2       78.2  
Other comprehensive income (loss) 0.3         0.3
Issuance of shares in connection with vesting of restricted stock units and performance stock units (in shares)     0.5      
Withholding taxes related to net share settlement of restricted stock units (in shares)     (0.2)      
Withholding taxes related to net share settlement of restricted stock units (60.0)     (60.0)    
Exercise of stock options (in shares)     0.1      
Exercise of stock options 0.7     0.7    
ESPP shares issued (in shares)     0.1      
ESPP shares issued 6.5     6.5    
Stock-based compensation 39.2     39.2    
Capped call options related to 2032 Notes, net of tax 0.9     0.9    
Preferred stock, shares outstanding, ending balance (in shares) at Dec. 27, 2025   0.0        
Balance at the end of the period at Dec. 27, 2025 846.6 $ 0.0 $ 0.1 1,615.9 (778.8) 9.4
Balance at the end of period (in shares) at Dec. 27, 2025     71.4      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 144.2       144.2  
Other comprehensive income (loss) (2.4)         (2.4)
Issuance of Series A Convertible Preferred Stock (in shares)   2.9        
Issuance of Series A Convertible Preferred Stock, net of issuance costs 1,999.7 $ 0.0   1,999.7    
Cash paid for Convertible Notes conversion value in excess of principal amounts (0.6)     (0.6)    
Issuance of shares in connection with vesting of restricted stock units and performance stock units (in shares)     0.3      
Withholding taxes related to net share settlement of restricted stock units (in shares)     (0.1)      
Withholding taxes related to net share settlement of restricted stock units (56.8)     (56.8)    
Exercise of stock options (in shares)     0.1      
Exercise of stock options 0.5     0.5    
Stock-based compensation 41.3     41.3    
Capped call options related to 2032 Notes, net of tax $ 0.9     0.9    
Preferred stock, shares outstanding, ending balance (in shares) at Mar. 28, 2026 2.9 2.9        
Balance at the end of the period at Mar. 28, 2026 $ 2,973.4 $ 0.0 $ 0.1 $ 3,600.9 $ (634.6) $ 7.0
Balance at the end of period (in shares) at Mar. 28, 2026 71.7   71.7