v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 27, 2026
Jun. 28, 2025
Operating activities:    
Net income (loss) $ 28,321 $ (4,986)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Stock-based compensation 37,295 45,357
Depreciation and amortization 8,788 8,613
Deferred income taxes 4,306 (1,285)
Net accretion of available-for-sale securities (715) (2,137)
Changes in operating assets and liabilities:    
Accounts receivable, net (37,034) 16,245
Inventory (46,744) (7,795)
Prepaid expenses and other assets (10,124) 13,752
Accounts payable 50,936 2,284
Accrued liabilities (7,789) (10,387)
Deferred revenue 5,751 (1,748)
Other long-term liabilities (1,845) (1,320)
Net cash provided by operating activities 31,146 56,593
Investing activities    
Purchases of property and equipment (12,698) (8,045)
Purchases of marketable securities (10,141) (95,116)
Sales of marketable securities 64,244 11,362
Maturities of marketable securities 65,485 117,679
Net cash provided by investing activities 106,890 25,880
Financing activities:    
Proceeds from common stock issuances related to employee benefit plans 28,072 24,197
Repurchases of common stock (240,227) (73,531)
Net cash used in financing activities (212,155) (49,334)
Effect of exchange rate changes on cash and cash equivalents (53) 237
Net decrease in cash and cash equivalents (74,172) 33,376
Cash and cash equivalents at beginning of period 143,086 43,162
Cash and cash equivalents at end of period $ 68,914 $ 76,538