Balance Sheet Details

6 Months Ended

Jun. 27, 2026

Accounts receivable, net consisted of the following (in thousands):


	June 27, 2026		December 31, 2025
Accounts receivable	$	137,004	$	99,732
Allowance for doubtful accounts	(603)		(365)
	$	136,401	$	99,367

Inventory consisted of the following (in thousands):

Prepaid expenses and other current assets consisted of the following (in thousands):


	June 27, 2026		December 31, 2025
Supplier deposits	$	28,890	$	13,887
Prepaid expenses and other current assets	54,966		56,458
	$	83,856	$	70,345

Property and equipment, net consisted of the following (in thousands):


	June 27, 2026		December 31, 2025
Test equipment	$	67,677	$	66,750
Computer equipment	15,701		14,469
Software	12,047		11,499
Leasehold improvements	4,906		4,403
Furniture and fixtures	1,921		1,682
Total	102,252		98,803
Accumulated depreciation and amortization	(64,674)		(60,991)
	$	37,578	$	37,812

Accrued liabilities consisted of the following (in thousands):


	June 27, 2026		December 31, 2025
Compensation and related benefits	$	38,740	$	44,097
Taxes payable	7,235		4,744
Professional and consulting fees	6,662		4,981
Component inventory held by suppliers	5,912		9,665
Operations	3,429		1,180
Customer advances or rebates	3,049		5,062
Operating leases	2,762		2,837
Current portion of warranty and retrofit	1,995		1,961
Insurance	1,828		2,285
Freight	1,659		1,571
Travel	1,115		439
Fixed assets	297		4,857
Other	6,363		7,660
	$	81,046	$	91,339

Changes in the accrued warranty liability were as follows (in thousands):


	Three Months Ended				Six Months Ended
	June 27, 2026		June 28, 2025		June 27, 2026		June 28, 2025
Balance at beginning of period	$	3,724	$	6,073	$	3,832	$	7,287
Accruals for product warranty	1,048		(908)		1,728		(1,203)
Cost of warranty claims	(1,213)		(272)		(2,001)		(1,191)

Balance at end of period	$	3,559	$	4,893	$	3,559	$	4,893