v3.26.1
Goodwill and Intangible Assets
9 Months Ended
Jun. 26, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill
The following table outlines changes to the carrying amount of goodwill (in thousands):
 Goodwill
Balance as of September 26, 2025$529,900 
Translation adjustments(1,557)
Balance as of June 26, 2026$528,343 
Intangible Assets
Intangible assets are stated at their original cost less accumulated amortization, and principally consist of acquired patents, technology, and customer relationships and contracts. Intangible assets subject to amortization consisted of the following (in thousands):
 June 26, 2026September 26, 2025
Intangible Assets, NetCostAccumulated
Amortization
NetCostAccumulated
Amortization
Net
Acquired patents and technology$629,497 $(347,564)$281,933 $587,743 $(324,507)$263,236 
Customer relationships187,758 (87,380)100,378 221,007 (87,401)133,606 
Other intangible assets23,142 (23,019)123 23,171 (22,956)215 
Total$840,397 $(457,963)$382,434 $831,921 $(434,864)$397,057 
During the third quarter of fiscal 2026, we purchased various patents for cash consideration of $4.7 million, and upon acquisition, these patents had a weighted-average useful life of 15 years. During the fiscal year-to-date period ended June 26, 2026, we purchased various patents for cash consideration of $41.7 million, and upon acquisition, these patents had a weighted-average useful life of 13.2 years. These patents have been categorized as "acquired patents and technology" intangible assets class.
During the fiscal year-to-date period ended June 26, 2026, Via sold its HEVC/VVC program intangible assets for a total consideration of $25.0 million. Refer to Note 18, "Related Parties" for more information.
During the third quarter of fiscal 2025, we purchased various patents for purchase consideration of $5.6 million, and upon acquisition, these intangible assets had a weighted-average useful life of 14 years. The remaining intangible assets purchased during the fiscal year-to-date period ended June 27, 2025 were not material.
Amortization expense for our intangible assets is included in cost of licensing, cost of products and services, R&D, S&M, and G&A expenses in our unaudited interim condensed consolidated statements of operations. Amortization expense was $11.7 million and $11.2 million in the third quarter of fiscal 2026 and 2025, respectively, and $33.7 million and $34.0 million in the fiscal year-to-date periods ended June 26, 2026 and June 27, 2025, respectively. As of June 26, 2026, expected amortization expense of our intangible assets in future fiscal periods was as follows (in thousands):
Fiscal Year Amortization Expense
Remainder of 2026$11,691 
202746,064 
202842,344 
202941,379 
203040,056 
Thereafter200,900 
Total$382,434