Stock-based Compensation (Tables)
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9 Months Ended |
Jun. 27, 2026 |
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| Share-Based Payment Arrangement [Abstract] |
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| Schedule of Stock Options Activity |
The summary of the Company’s stock option activity is as follows: | | | | | | | | | | | | | | | | | | | | | | | |
| Number of Options | | Weighted-Average Exercise Price | | Weighted-Average Remaining Contractual Term | | Aggregate Intrinsic Value |
| | | | | (In years) | | (In thousands) | | Outstanding at September 27, 2025 | 5,544,885 |
| $ | 14.28 | | | 1.5 | | $ | 5,850 | | | Exercised | (1,640,599) |
| $ | 14.09 | | | | | | | Forfeited / expired | (47,036) |
| $ | 14.29 | | | | | | | Outstanding at June 27, 2026 | 3,857,250 |
| $ | 14.36 | | | 1.0 | | $ | 514 | |
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| Schedule of Restricted Stock Units Activity |
The summary of the Company’s RSU activity is as follows: | | | | | | | | | | | | | | | | | | | Number of Units | | Weighted-Average Grant Date Fair
Value | | Aggregate Intrinsic Value | | | | | | (In thousands) | | Outstanding at September 27, 2025 | 8,777,387 | | $ | 12.96 | | | $ | 134,294 | | | Granted | 5,951,464 | | $ | 15.31 | | | | | Released | (3,796,383) | | $ | 13.62 | | | | | Forfeited | (768,146) | | $ | 13.54 | | | | | Outstanding at June 27, 2026 | 10,164,322 | | $ | 14.05 | | | $ | 137,930 | |
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| Schedule of Weighted Average Assumptions Used in Calculating Compensation Expense |
The following table summarizes the weighted-average assumptions used in calculating compensation expense of the Company’s PSUs with market-based conditions: | | | | | | | | | | | June 27,
2026 | | Remaining performance period at grant date (in years) | | 2.66 | | Volatility | | 44.12 | % | | Risk-free rate | | 3.81 | % | | Fair value | | $ | 23.30 | |
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| Schedule of Performance Stock Units Activity |
The summary of the Company’s PSU activity is as follows: | | | | | | | | | | | | | | | | | | | Number of Units | | Weighted-Average Grant Date Fair
Value | | Aggregate Intrinsic Value | | | | | | (In thousands) | | Outstanding at September 27, 2025 | 480,538 | | $ | 14.11 | | | $ | 7,352 | | | Granted | 1,153,627 | | $ | 20.51 | | | | | Released | (23,776) | | $ | 12.23 | | | | | Performance adjustments | (24,518) | | $ | 18.65 | | | | | Outstanding at June 27, 2026 | 1,585,871 | | $ | 18.73 | | | $ | 21,520 | |
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| Schedule of Stock Based Compensation Expense |
Total stock-based compensation expense by functional category was as follows: | | | | | | | | | | | | | | | | | | | | | | | |
| Three Months Ended | | Nine Months Ended |
| June 27,
2026 | | June 28,
2025 | | June 27,
2026 | | June 28,
2025 | (In thousands) | | | | | | | | Cost of revenue | $ | 1,257 | | | $ | 1,633 | | | $ | 3,709 | | | $ | 4,588 | | Research and development | 6,092 | | | 7,944 | | | 18,052 | | | 29,816 | | Sales and marketing | 2,884 | | | 3,568 | | | 8,492 | | | 13,227 | | General and administrative | 6,337 | | | 7,639 | | | 16,373 | | | 21,733 | | Total stock-based compensation expense | $ | 16,570 | | | $ | 20,784 | | | $ | 46,626 | | | $ | 69,364 | |
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