v3.26.1
Fair Value Measurements
9 Months Ended
May 29, 2026
Fair Value Disclosures [Abstract]  
Fair Value Measurements
Fair Value Measurements
Fair
Value
Carrying
Value
Fair
Value
Carrying
Value
As of
May 29, 2026August 29, 2025
Assets:
Derivative financial instruments$— $— $4,223 $4,223 
Liabilities:
2030 Notes$428,252 $194,763 $224,048 $193,906 
2029 Notes$389,729 $148,401 $197,363 $147,987 
2026 Notes$— $— $25,713 $19,945 
The deferred cash adjustment resulting from the divestiture of an 81% interest in Zilia Technologies Indústria e Comércio de Componentes Eletrônicos Ltda. (formerly SMART Modular Technologies do Brasil - Indústria e Comércio de Componentes Ltda.) is accounted for as a derivative financial instrument and is revalued at the end of each reporting period. The asset’s fair value, as measured on a recurring basis, was based on Level 2 measurements, including market-based observable inputs of interest rates and credit-risk spreads. On March 30, 2026, this derivative financial instrument was derecognized as a result of the closing of the Stock Transfer Agreement. Refer to footnote section above “Cash and Investments - Non-Marketable Equity Investments - Zilia Technologies”.
The fair values of our Convertible Senior Notes, as measured on a non-recurring basis, were determined based on Level 2 measurements, including the trading prices of the Convertible Senior Notes.