v3.26.1
Segment and Other Information
 9 Months Ended
May 29, 2026
Segment Reporting [Abstract]  
Segment and Other Information
Segment and Other Information
Segment information presented below is consistent with how our Chief Operating Decision Maker (“CODM”), the Chief Executive Officer, evaluates our results of operations to make decisions about allocating resources and assessing performance using segment net sales, cost of sales, operating expenses, and operating income (loss). The CODM is regularly provided this segment information to assess relative segment performance and allocate resources to the segment in the annual planning process.
We have the following three business units, which are our reportable segments:
•Advanced Computing: Our Advanced Computing segment offers high-performance, high-availability, fault-tolerant computing platforms and services that span the continuum from core to edge to cloud. Our solutions are designed specifically for customers across multiple markets, including sovereign AI initiatives, hyperscale, neocloud, financial services, energy, government, education, healthcare and others.
•Integrated Memory: Our Integrated Memory segment provides high-performance and reliable integrated memory solutions through the design, development and manufacturing of specialty memory and storage solutions that resolve memory limitations arising within high-performance, high-availability computing solutions. These specialty products are tailored to meet customer-specific AI requirements across networking and communications, enterprise storage and computing, including server applications and other vertical markets. These products are marketed to original equipment manufacturers and to commercial and government customers. The Integrated Memory segment also offers SMART Supply Chain Services, which provides customized, integrated supply chain services to enable our customers to better manage supply chain planning and execution, reduce costs and increase productivity.
•Optimized LED: Our Optimized LED segment, under our Cree LED brand, offers a broad portfolio of application-optimized LEDs focused on improving lumen density, intensity, efficacy, optical control and/or reliability. Backed by expert design assistance and superior sales support, our LED products enable our customers to develop and market LED-based products for general lighting, video displays and specialty lighting applications.
Segments are determined based on sources of sales, types of customers and operating performance.
There are no differences between the accounting policies for our segment reporting and our consolidated results of operations. Operating expenses directly associated with the activities of a specific segment are charged to that segment. Certain other indirect operating income and expenses are generally allocated to segments based on their respective percentage of net sales. We do not identify (other than goodwill) or report internally our assets or allocate certain expenses and amortization, interest, other non-operating (income) expense or taxes to segments.
Three Months EndedNine Months Ended
May 29,
2026		May 30,
2025		May 29,
2026		May 30,
2025
Net sales:
Advanced Computing$137,583 $132,498 $404,750 $510,081 
Integrated Memory275,067 130,124 583,217 332,090 
Optimized LED66,063 61,629 176,816 188,701 
Total net sales$478,713 $324,251 $1,164,783 $1,030,872 
Costs of Goods Sold
Advanced Computing$101,110 $75,064 $279,283 $321,102 
Integrated Memory192,565 102,839 425,815 258,529 
Optimized LED44,505 43,594 115,098 130,957 
Total Costs of Goods Sold338,180 221,497 820,196 710,588 
Operating Expense
Advanced Computing$32,570 $32,749 $92,152 $97,245 
Integrated Memory20,314 14,828 51,627 43,017 
Optimized LED17,482 16,702 49,642 51,539 
Total Operating Expenses70,366 64,279 193,421 191,801 
Segment operating income:
Advanced Computing$3,903 $24,684 $33,315 $91,734 
Integrated Memory62,188 12,457 105,775 30,543 
Optimized LED4,076 1,333 12,076 6,205 
Total segment operating income70,167 38,474 151,166 128,482 
Reconciliation of profit (loss)
Stock-based compensation expense(9,996)(10,251)(25,195)(33,362)
Amortization of acquisition-related intangibles(7,224)(8,439)(22,241)(27,033)
Cost of sales-related restructuring— (369)483 (404)
Diligence, acquisition and integration expense(1,058)(296)(1,058)(1,696)
Redomiciliation costs
— (3,702)— (7,304)
Impairment of goodwill— (5,294)— (11,373)
Restructuring charges(963)— (6,753)(968)
Other(63)(280)(268)(655)
Total unallocated(19,304)(28,631)(55,032)(82,795)
Total non-operating income (expense)$2,835 $866 $18,375 $(6,140)
Income before taxes$53,698 $10,709 $114,509 $39,547 

Depreciation included in segment operating income was as follows:
Three Months EndedNine Months Ended
May 29,
2026		May 30,
2025		May 29,
2026		May 30,
2025
Advanced Computing$1,847 $2,029 $6,007 $6,065 
Integrated Memory926 911 2,707 2,782 
Optimized LED2,079 2,107 6,253 6,551 
$4,852 $5,047 $14,967 $15,398