v3.26.1
Supplemental Financial Information
12 Months Ended
May 02, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Supplemental Financial Information Supplemental Financial Information
Inventories
Inventories consisted of the following (in thousands):
May 2, 2026May 3, 2025
Raw materials$64,357 $12,734 
Work in process34,296 24,583 
Finished goods152,178 52,712 
$250,831 $90,029 
Property and Equipment, Net
Property and equipment consisted of the following (in thousands):
May 2, 2026May 3, 2025
Production equipment$63,214 $44,789 
Computer equipment and software48,924 27,901 
Laboratory equipment36,933 21,944 
Leasehold improvements4,096 3,513 
Construction in progress27,027 9,687 
180,194 107,834 
Less: accumulated depreciation and amortization(78,589)(44,203)
$101,605 $63,631 
Depreciation and amortization expense, excluding the asset impairment charges, for the years ended May 2, 2026, May 3, 2025 and April 27, 2024, was $34.6 million, $21.9 million, and $13.8 million, respectively. Construction in progress and production equipment primarily includes mask set costs capitalized relating to the Company’s products.
Other Current Liabilities
Accrued expenses and other current liabilities consisted of the following (in thousands):
May 2, 2026May 3, 2025
Accruals relating to inventory purchases$7,193 $10,164 
Current payables relating to purchases of property and equipment12,179 8,420 
Current portion of operating lease liabilities4,831 3,342 
Other43,917 13,530 

$68,120 $35,456