v3.26.1
Segment and Geographic Information
 12 Months Ended
May 02, 2026
Segment Reporting [Abstract]  
Segment and Geographic Information Segment and Geographic Information
As discussed in “Note 2. Significant Accounting Policies,” the Company operates in one reportable segment. The CODM uses net income or loss for the purposes of making operating decisions, allocating resources and evaluating financial performance. The measure of segment assets is reported on the consolidated balance sheet as total assets, although the CODM does not evaluate asset information for
purposes of allocating resources or evaluating performance. The table below provides information about the Company’s revenue, significant segment expenses and other segment expenses (in thousands):
Year Ended
May 2, 2026
May 3, 2025
April 27, 2024
Revenue
$
1,335,116 
$
436,775 
$
192,970 
Less:
Cost of revenue
426,767 
153,866 
73,538 
Personnel related expenses
129,178 
95,269 
69,630 
Share-based compensation
182,638 
76,160 
37,890 
Other segment items*
124,254 
59,297 
40,281 
Net income (loss)
$
472,279 
$
52,183 
$
(28,369)
*Other segment items primarily include lease expenses, external professional services expenses, depreciation and amortization, interest income and tax provision (benefit).
The following table summarizes revenue disaggregated by primary geographical market based on destination of shipment for products, which may differ from the end customer’s principal offices (in thousands):
Year Ended
May 2, 2026
May 3, 2025
April 27, 2024
United States
$
768,051 
$
65,097 
$
49,569 
Hong Kong
378,230 
243,727 
70,162 
Mainland China
80,924 
80,055 
28,264 
Taiwan
22,727 
3,624 
21,286 
Rest of World
85,184 
44,272 
23,689 
$
1,335,116 
$
436,775 
$
192,970 
The following table presents long-lived assets information based on the physical location of the assets by geographic region (in thousands):
May 2, 2026
May 3, 2025
Property and equipment, net:
Taiwan
$
68,064 
$
38,501 
United States
14,709 
12,793 
Hong Kong
657 
8,047 
Rest of World
18,175 
4,290 
$
101,605 
$
63,631