v3.26.1
STOCKHOLDERS’ EQUITY AND SHARE-BASED COMPENSATION (Tables)
9 Months Ended
Jul. 03, 2026
Share-Based Payment Arrangement [Abstract]  
Effects of Stock-Based Compensation Expense Related to Stock-Based Awards to Employees and Nonemployees
The following table shows a summary of share-based compensation expense included in the condensed consolidated statements of operations (in thousands):
Three Months EndedNine Months Ended
July 3,
2026
July 4,
2025
July 3,
2026
July 4,
2025
Cost of revenue$2,324 $1,728 $6,920 $6,376 
Research and development7,671 7,109 25,628 25,235 
Selling, general and administrative11,102 8,469 33,325 29,982 
Total share-based compensation expense $21,097 $17,306 $65,873 $61,593 
Summary of Restricted Stock, Restricted Stock Unit and Performance-based Restricted Stock Unit Activity
A summary of RSU and PRSU activity for the nine months ended July 3, 2026 is as follows:
Number of shares
(in thousands)
Weighted-
Average
Grant Date Fair Value
 Balance as of October 3, 20251,419 $97.19 
Granted539 $171.15 
Performance-based adjustment (1)
201 $85.93 
Vested and released(856)$83.73 
Forfeited, canceled or expired(68)$114.54 
Balance as of July 3, 20261,235 $136.00 
(1) The amount shown represents performance adjustments for performance-based awards. These were granted in prior fiscal years and vested during the nine months ended July 3, 2026 based on the Company’s achievement of adjusted earnings per share and total shareholder return performance conditions.
Schedule of Share-Based Payment Award, Market Based Restricted Stock Awards, Valuation Assumptions
The weighted-average assumptions used to value the market-based PRSU awards are as follows:
Nine Months Ended
July 3,
2026
Weighted-average grant date stock price$151.20
Weighted-average stock price at the start of the performance period$128.76
Weighted-average risk free interest rate3.5%
Weighted-average years to maturity2.9
Weighted-average expected volatility rate41.7%
Weighted-average expected dividend yield