0000707549 2025-06-30 2026-06-28 0000707549 2025-12-28 0000707549 2026-08-04 0000707549 2024-07-01 2025-06-29 0000707549 2023-06-26 2024-06-30 0000707549 2026-06-28 0000707549 2025-06-29 0000707549 2024-06-30 0000707549 2023-06-25 0000707549 us-gaap:CommonStockMember 2023-06-25 0000707549 us-gaap:AdditionalPaidInCapitalMember 2023-06-25 0000707549 us-gaap:TreasuryStockCommonMember 2023-06-25 0000707549 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-06-25 0000707549 us-gaap:RetainedEarningsMember 2023-06-25 0000707549 us-gaap:CommonStockMember 2023-06-26 2024-06-30 0000707549 us-gaap:AdditionalPaidInCapitalMember 2023-06-26 2024-06-30 0000707549 us-gaap:TreasuryStockCommonMember 2023-06-26 2024-06-30 0000707549 us-gaap:RetainedEarningsMember 2023-06-26 2024-06-30 0000707549 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-06-26 2024-06-30 0000707549 us-gaap:CommonStockMember 2024-06-30 0000707549 us-gaap:AdditionalPaidInCapitalMember 2024-06-30 0000707549 us-gaap:TreasuryStockCommonMember 2024-06-30 0000707549 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-06-30 0000707549 us-gaap:RetainedEarningsMember 2024-06-30 0000707549 us-gaap:CommonStockMember 2024-07-01 2025-06-29 0000707549 us-gaap:AdditionalPaidInCapitalMember 2024-07-01 2025-06-29 0000707549 us-gaap:TreasuryStockCommonMember 2024-07-01 2025-06-29 0000707549 us-gaap:RetainedEarningsMember 2024-07-01 2025-06-29 0000707549 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-07-01 2025-06-29 0000707549 us-gaap:CommonStockMember 2025-06-29 0000707549 us-gaap:AdditionalPaidInCapitalMember 2025-06-29 0000707549 us-gaap:TreasuryStockCommonMember 2025-06-29 0000707549 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-06-29 0000707549 us-gaap:RetainedEarningsMember 2025-06-29 0000707549 us-gaap:CommonStockMember 2025-06-30 2026-06-28 0000707549 us-gaap:AdditionalPaidInCapitalMember 2025-06-30 2026-06-28 0000707549 us-gaap:TreasuryStockCommonMember 2025-06-30 2026-06-28 0000707549 us-gaap:RetainedEarningsMember 2025-06-30 2026-06-28 0000707549 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-06-30 2026-06-28 0000707549 us-gaap:CommonStockMember 2026-06-28 0000707549 us-gaap:AdditionalPaidInCapitalMember 2026-06-28 0000707549 us-gaap:TreasuryStockCommonMember 2026-06-28 0000707549 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2026-06-28 0000707549 us-gaap:RetainedEarningsMember 2026-06-28 0000707549 srt:MinimumMember us-gaap:EquipmentMember 2026-06-28 0000707549 srt:MaximumMember us-gaap:EquipmentMember 2026-06-28 0000707549 us-gaap:FurnitureAndFixturesMember 2026-06-28 0000707549 srt:MinimumMember us-gaap:SoftwareAndSoftwareDevelopmentCostsMember 2026-06-28 0000707549 srt:MaximumMember us-gaap:SoftwareAndSoftwareDevelopmentCostsMember 2026-06-28 0000707549 us-gaap:BuildingMember 2026-06-28 0000707549 lrcx:SystemMember 2025-06-30 2026-06-28 0000707549 lrcx:SystemMember 2024-07-01 2025-06-29 0000707549 lrcx:SystemMember 2023-06-26 2024-06-30 0000707549 lrcx:CustomerSupportandOtherMember 2025-06-30 2026-06-28 0000707549 lrcx:CustomerSupportandOtherMember 2024-07-01 2025-06-29 0000707549 lrcx:CustomerSupportandOtherMember 2023-06-26 2024-06-30 0000707549 lrcx:FoundryMember us-gaap:SalesRevenueNetMember us-gaap:ProductConcentrationRiskMember 2025-06-30 2026-06-28 0000707549 lrcx:FoundryMember us-gaap:SalesRevenueNetMember us-gaap:ProductConcentrationRiskMember 2024-07-01 2025-06-29 0000707549 lrcx:FoundryMember us-gaap:SalesRevenueNetMember us-gaap:ProductConcentrationRiskMember 2023-06-26 2024-06-30 0000707549 lrcx:MemoryMember us-gaap:SalesRevenueNetMember us-gaap:ProductConcentrationRiskMember 2025-06-30 2026-06-28 0000707549 lrcx:MemoryMember us-gaap:SalesRevenueNetMember us-gaap:ProductConcentrationRiskMember 2024-07-01 2025-06-29 0000707549 lrcx:MemoryMember us-gaap:SalesRevenueNetMember us-gaap:ProductConcentrationRiskMember 2023-06-26 2024-06-30 0000707549 lrcx:LogicIntegratedDeviceManufacturingMember us-gaap:SalesRevenueNetMember us-gaap:ProductConcentrationRiskMember 2025-06-30 2026-06-28 0000707549 lrcx:LogicIntegratedDeviceManufacturingMember us-gaap:SalesRevenueNetMember us-gaap:ProductConcentrationRiskMember 2024-07-01 2025-06-29 0000707549 lrcx:LogicIntegratedDeviceManufacturingMember us-gaap:SalesRevenueNetMember us-gaap:ProductConcentrationRiskMember 2023-06-26 2024-06-30 0000707549

2026-06-29

2026-06-28 0000707549

2027-06-28

2026-06-28 0000707549

2029-06-25

2026-06-28 0000707549 lrcx:A2015StockIncentivePlanAnd2025StockIncentivePlanStockPlansMember 2025-11-04 0000707549 lrcx:A2015StockIncentivePlanAnd2025StockIncentivePlanStockPlansMember 2026-06-28 0000707549 lrcx:ServicebasedRestrictedStockUnitsMember 2025-06-30 2026-06-28 0000707549 lrcx:MarketBasedPerformanceRestrictedStockUnitsPRSuMember 2025-06-30 2026-06-28 0000707549 srt:MinimumMember lrcx:MarketBasedPerformanceRestrictedStockUnitsPRSuMember 2025-06-30 2026-06-28 0000707549 srt:MinimumMember lrcx:MarketBasedPerformanceRestrictedStockUnitsPRSuMember 2024-07-01 2025-06-29 0000707549 srt:MaximumMember lrcx:MarketBasedPerformanceRestrictedStockUnitsPRSuMember 2025-06-30 2026-06-28 0000707549 srt:MaximumMember lrcx:MarketBasedPerformanceRestrictedStockUnitsPRSuMember 2024-07-01 2025-06-29 0000707549 lrcx:MarketBasedPerformanceRestrictedStockUnitsPRSuMember 2024-07-01 2025-06-29 0000707549 lrcx:MarketBasedPerformanceRestrictedStockUnitsPRSuMember lrcx:NegativeTotalShareholderReturnMember 2025-06-30 2026-06-28 0000707549 lrcx:MarketBasedPerformanceRestrictedStockUnitsPRSuMember lrcx:NegativeTotalShareholderReturnMember 2024-07-01 2025-06-29 0000707549 srt:MinimumMember lrcx:MarketBasedPerformanceRestrictedStockUnitsPRSuMember 2023-06-26 2024-06-30 0000707549 srt:MaximumMember lrcx:MarketBasedPerformanceRestrictedStockUnitsPRSuMember 2023-06-26 2024-06-30 0000707549 lrcx:MarketBasedPerformanceRestrictedStockUnitsPRSuMember 2023-06-26 2024-06-30 0000707549 us-gaap:RestrictedStockUnitsRSUMember 2025-06-29 0000707549 us-gaap:RestrictedStockUnitsRSUMember 2025-06-30 2026-06-28 0000707549 us-gaap:RestrictedStockUnitsRSUMember 2026-06-28 0000707549 lrcx:ServicebasedRestrictedStockUnitsMember 2026-06-28 0000707549 lrcx:MarketBasedPerformanceRestrictedStockUnitsPRSuMember 2026-06-28 0000707549 us-gaap:RestrictedStockUnitsRSUMember 2024-07-01 2025-06-29 0000707549 us-gaap:RestrictedStockUnitsRSUMember 2023-06-26 2024-06-30 0000707549 us-gaap:EmployeeStockOptionMember 2023-06-26 2024-06-30 0000707549 us-gaap:EmployeeStockOptionMember 2024-07-01 2025-06-29 0000707549 us-gaap:EmployeeStockOptionMember 2025-06-30 2026-06-28 0000707549 us-gaap:EmployeeStockMember 2025-06-30 2026-06-28 0000707549 us-gaap:EmployeeStockMember 2026-06-28 0000707549 lrcx:ThreePointEightZeroPercentSeniorNotesDueTwoThousandTwentyFiveMember us-gaap:SeniorNotesMember 2026-03-01 2026-03-31 0000707549 lrcx:ThreePointEightZeroPercentSeniorNotesDueTwoThousandTwentyFiveMember us-gaap:SeniorNotesMember 2025-03-01 2025-03-31 0000707549 stpr:CA 2026-06-28 0000707549 us-gaap:StateAndLocalJurisdictionMember 2026-06-28 0000707549 country:MY 2025-06-30 2026-06-28 0000707549 us-gaap:ForeignTaxJurisdictionOtherMember 2025-06-30 2026-06-28 0000707549 country:MY 2021-06-28 2022-06-26 0000707549 country:KR 2025-06-30 2026-06-28 0000707549 us-gaap:MoneyMarketFundsMember 2026-06-28 0000707549 us-gaap:MoneyMarketFundsMember 2025-06-29 0000707549 us-gaap:CashMember 2026-06-28 0000707549 us-gaap:CashMember 2025-06-29 0000707549 us-gaap:BankTimeDepositsMember 2026-06-28 0000707549 us-gaap:BankTimeDepositsMember 2025-06-29 0000707549 us-gaap:CashFlowHedgingMember 2025-06-30 2026-06-28 0000707549 us-gaap:ForeignExchangeContractMember us-gaap:ForwardContractsMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:LongMember 2026-06-28 0000707549 us-gaap:ForeignExchangeContractMember us-gaap:ForwardContractsMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:ShortMember 2026-06-28 0000707549 us-gaap:ForeignExchangeContractMember us-gaap:ForwardContractsMember us-gaap:NondesignatedMember us-gaap:LongMember 2026-06-28 0000707549 us-gaap:ForeignExchangeContractMember us-gaap:ForwardContractsMember us-gaap:NondesignatedMember us-gaap:ShortMember 2026-06-28 0000707549 lrcx:CustomerOneMember us-gaap:AccountsReceivableMember us-gaap:CustomerConcentrationRiskMember 2025-06-30 2026-06-28 0000707549 lrcx:CustomerTwoMember us-gaap:AccountsReceivableMember us-gaap:CustomerConcentrationRiskMember 2025-06-30 2026-06-28 0000707549 lrcx:CustomerThreeMember us-gaap:AccountsReceivableMember us-gaap:CustomerConcentrationRiskMember 2025-06-30 2026-06-28 0000707549 lrcx:CustomerFourMember us-gaap:AccountsReceivableMember us-gaap:CustomerConcentrationRiskMember 2025-06-30 2026-06-28 0000707549 lrcx:Customer5Member us-gaap:AccountsReceivableMember us-gaap:CustomerConcentrationRiskMember 2025-06-30 2026-06-28 0000707549 lrcx:CustomerOneMember us-gaap:AccountsReceivableMember us-gaap:CustomerConcentrationRiskMember 2024-07-01 2025-06-29 0000707549 lrcx:CustomerTwoMember us-gaap:AccountsReceivableMember us-gaap:CustomerConcentrationRiskMember 2024-07-01 2025-06-29 0000707549 lrcx:CustomerThreeMember us-gaap:AccountsReceivableMember us-gaap:CustomerConcentrationRiskMember 2024-07-01 2025-06-29 0000707549 us-gaap:MachineryAndEquipmentMember 2026-06-28 0000707549 us-gaap:MachineryAndEquipmentMember 2025-06-29 0000707549 us-gaap:BuildingMember 2025-06-29 0000707549 us-gaap:ComputerEquipmentMember 2026-06-28 0000707549 us-gaap:ComputerEquipmentMember 2025-06-29 0000707549 us-gaap:LandMember 2026-06-28 0000707549 us-gaap:LandMember 2025-06-29 0000707549 us-gaap:FurnitureAndFixturesMember 2025-06-29 0000707549 lrcx:ThreePointOneTwoFivePercentSeniorNotesDueTwoThousandSixtyMember us-gaap:SeniorNotesMember 2026-06-28 0000707549 lrcx:ThreePointOneTwoFivePercentSeniorNotesDueTwoThousandSixtyMember us-gaap:SeniorNotesMember 2025-06-29 0000707549 lrcx:TwoPointEightSevenFivePercentSeniorNotesDueTwoThousandFiftyMember us-gaap:SeniorNotesMember 2026-06-28 0000707549 lrcx:TwoPointEightSevenFivePercentSeniorNotesDueTwoThousandFiftyMember us-gaap:SeniorNotesMember 2025-06-29 0000707549 lrcx:FourPointEightSevenFivePercentSeniorNotesDueTwoThousandFortyNineMember us-gaap:SeniorNotesMember 2026-06-28 0000707549 lrcx:FourPointEightSevenFivePercentSeniorNotesDueTwoThousandFortyNineMember us-gaap:SeniorNotesMember 2025-06-29 0000707549 lrcx:OnePointNineZeroPercentSeniorNotesDueTwoThousandThirtyMember us-gaap:SeniorNotesMember 2026-06-28 0000707549 lrcx:OnePointNineZeroPercentSeniorNotesDueTwoThousandThirtyMember us-gaap:SeniorNotesMember 2025-06-29 0000707549 lrcx:FourPointZeroPercentSeniorNotesDueTwoThousandTwentyNineMember us-gaap:SeniorNotesMember 2026-06-28 0000707549 lrcx:FourPointZeroPercentSeniorNotesDueTwoThousandTwentyNineMember us-gaap:SeniorNotesMember 2025-06-29 0000707549 lrcx:ThreePointSevenFivePercentSeniorNotesDueTwoThousandTwentySixMember us-gaap:SeniorNotesMember 2026-06-28 0000707549 lrcx:ThreePointSevenFivePercentSeniorNotesDueTwoThousandTwentySixMember us-gaap:SeniorNotesMember 2025-06-29 0000707549 lrcx:OnePointNineZeroPercentSeniorNotesDueTwoThousandThirtyMember us-gaap:SeniorNotesMember 2020-05-05 0000707549 lrcx:TwoPointEightSevenFivePercentSeniorNotesDueTwoThousandFiftyMember us-gaap:SeniorNotesMember 2020-05-05 0000707549 lrcx:ThreePointOneTwoFivePercentSeniorNotesDueTwoThousandSixtyMember us-gaap:SeniorNotesMember 2020-05-05 0000707549 lrcx:ThreePointSevenFivePercentSeniorNotesDueTwoThousandTwentySixMember us-gaap:SeniorNotesMember 2019-03-04 0000707549 lrcx:FourPointZeroPercentSeniorNotesDueTwoThousandTwentyNineMember us-gaap:SeniorNotesMember 2019-03-04 0000707549 lrcx:FourPointEightSevenFivePercentSeniorNotesDueTwoThousandFortyNineMember us-gaap:SeniorNotesMember 2019-03-04 0000707549 lrcx:TwoPointEightSevenFivePercentSeniorNotesDueTwoThousandFiftyMember us-gaap:SeniorNotesMember 2025-06-30 2026-06-28 0000707549 lrcx:OnePointNineZeroPercentSeniorNotesDueTwoThousandThirtyMember us-gaap:SeniorNotesMember 2025-06-30 2026-06-28 0000707549 lrcx:ThreePointOneTwoFivePercentSeniorNotesDueTwoThousandSixtyMember us-gaap:SeniorNotesMember 2025-06-30 2026-06-28 0000707549 lrcx:FourPointEightSevenFivePercentSeniorNotesDueTwoThousandFortyNineMember us-gaap:SeniorNotesMember 2025-06-30 2026-06-28 0000707549 lrcx:FourPointZeroPercentSeniorNotesDueTwoThousandTwentyNineMember us-gaap:SeniorNotesMember 2025-06-30 2026-06-28 0000707549 us-gaap:SeniorNotesMember 2025-06-30 2026-06-28 0000707549 lrcx:ThreePointOneTwoFivePercentSeniorNotesDueTwoThousandSixtyMember 2025-06-30 2026-06-28 0000707549 lrcx:ThreePointOneTwoFivePercentSeniorNotesDueTwoThousandSixtyMember us-gaap:FairValueInputsLevel2Member 2026-06-28 0000707549 lrcx:TwoPointEightSevenFivePercentSeniorNotesDueTwoThousandFiftyMember 2025-06-30 2026-06-28 0000707549 lrcx:TwoPointEightSevenFivePercentSeniorNotesDueTwoThousandFiftyMember us-gaap:FairValueInputsLevel2Member 2026-06-28 0000707549 lrcx:FourPointEightSevenFivePercentSeniorNotesDueTwoThousandFortyNineMember 2025-06-30 2026-06-28 0000707549 lrcx:FourPointEightSevenFivePercentSeniorNotesDueTwoThousandFortyNineMember us-gaap:FairValueInputsLevel2Member 2026-06-28 0000707549 lrcx:OnePointNineZeroPercentSeniorNotesDueTwoThousandThirtyMember 2025-06-30 2026-06-28 0000707549 lrcx:OnePointNineZeroPercentSeniorNotesDueTwoThousandThirtyMember us-gaap:FairValueInputsLevel2Member 2026-06-28 0000707549 lrcx:FourPointZeroPercentSeniorNotesDueTwoThousandTwentyNineMember 2025-06-30 2026-06-28 0000707549 lrcx:FourPointZeroPercentSeniorNotesDueTwoThousandTwentyNineMember us-gaap:FairValueInputsLevel2Member 2026-06-28 0000707549 us-gaap:RevolvingCreditFacilityMember 2025-01-27 0000707549 srt:MinimumMember us-gaap:RevolvingCreditFacilityMember us-gaap:BaseRateMember 2025-01-27 2025-01-27 0000707549 srt:MaximumMember us-gaap:RevolvingCreditFacilityMember us-gaap:BaseRateMember 2025-01-27 2025-01-27 0000707549 srt:MinimumMember us-gaap:RevolvingCreditFacilityMember us-gaap:SecuredOvernightFinancingRateSofrMember 2025-01-27 2025-01-27 0000707549 srt:MaximumMember us-gaap:RevolvingCreditFacilityMember us-gaap:SecuredOvernightFinancingRateSofrMember 2025-01-27 2025-01-27 0000707549 us-gaap:RevolvingCreditFacilityMember 2026-06-28 0000707549 us-gaap:CommercialPaperMember 2017-11-30 0000707549 us-gaap:CommercialPaperMember 2021-07-31 0000707549 us-gaap:RevolvingCreditFacilityMember 2026-03-31 0000707549 us-gaap:CommercialPaperMember 2026-06-28 0000707549 us-gaap:StandbyLettersOfCreditMember 2026-06-28 0000707549 2019-06-30 0000707549 2022-06-27 2023-06-25 0000707549

us-gaap:OtherLiabilitiesNoncurrent

2026-06-28 0000707549 2024-05-01 2024-05-31 0000707549 lrcx:StockRepurchaseProgramMember 2025-06-29 0000707549 lrcx:StockRepurchaseProgramMember 2025-06-30 2025-09-28 0000707549 lrcx:StockRepurchaseProgramMember 2025-09-28 0000707549 lrcx:StockRepurchaseProgramMember 2025-09-29 2025-12-28 0000707549 lrcx:StockRepurchaseProgramMember 2025-12-28 0000707549 lrcx:StockRepurchaseProgramMember 2025-12-29 2026-03-29 0000707549 lrcx:StockRepurchaseProgramMember 2026-03-29 0000707549 lrcx:StockRepurchaseProgramMember 2026-03-30 2026-06-28 0000707549 lrcx:StockRepurchaseProgramMember 2026-06-28 0000707549 lrcx:AcceleratedShareRepurchaseAgreementMember 2026-03-11 0000707549 lrcx:AcceleratedShareRepurchaseAgreementMember 2026-03-11 2026-03-11 0000707549 lrcx:AcceleratedShareRepurchaseAgreementMember 2026-06-01 2026-06-28 0000707549 lrcx:April2025AcceleratedShareRepurchaseAgreementMember 2025-04-30 0000707549 lrcx:April2025AcceleratedShareRepurchaseAgreementMember 2025-04-30 2025-04-30 0000707549 lrcx:AcceleratedShareRepurchaseAgreementMember 2025-09-01 2025-09-30 0000707549 us-gaap:OperatingSegmentsMember lrcx:ReportableSegmentMember 2025-06-30 2026-06-28 0000707549 us-gaap:OperatingSegmentsMember lrcx:ReportableSegmentMember 2024-07-01 2025-06-29 0000707549 us-gaap:OperatingSegmentsMember lrcx:ReportableSegmentMember 2023-06-26 2024-06-30 0000707549 lrcx:EliminationsAndReconcilingItemsMember 2025-06-30 2026-06-28 0000707549 lrcx:EliminationsAndReconcilingItemsMember 2024-07-01 2025-06-29 0000707549 lrcx:EliminationsAndReconcilingItemsMember 2023-06-26 2024-06-30 0000707549 country:CN 2025-06-30 2026-06-28 0000707549 country:CN 2024-07-01 2025-06-29 0000707549 country:CN 2023-06-26 2024-06-30 0000707549 country:TW 2025-06-30 2026-06-28 0000707549 country:TW 2024-07-01 2025-06-29 0000707549 country:TW 2023-06-26 2024-06-30 0000707549 country:KR 2025-06-30 2026-06-28 0000707549 country:KR 2024-07-01 2025-06-29 0000707549 country:KR 2023-06-26 2024-06-30 0000707549 country:JP 2025-06-30 2026-06-28 0000707549 country:JP 2024-07-01 2025-06-29 0000707549 country:JP 2023-06-26 2024-06-30 0000707549 country:US 2025-06-30 2026-06-28 0000707549 country:US 2024-07-01 2025-06-29 0000707549 country:US 2023-06-26 2024-06-30 0000707549 lrcx:SouthEastAsiaMember 2025-06-30 2026-06-28 0000707549 lrcx:SouthEastAsiaMember 2024-07-01 2025-06-29 0000707549 lrcx:SouthEastAsiaMember 2023-06-26 2024-06-30 0000707549 srt:EuropeMember 2025-06-30 2026-06-28 0000707549 srt:EuropeMember 2024-07-01 2025-06-29 0000707549 srt:EuropeMember 2023-06-26 2024-06-30 0000707549 country:US 2026-06-28 0000707549 country:US 2025-06-29 0000707549 country:US 2024-06-30 0000707549 lrcx:SouthEastAsiaMember 2026-06-28 0000707549 lrcx:SouthEastAsiaMember 2025-06-29 0000707549 lrcx:SouthEastAsiaMember 2024-06-30 0000707549 country:KR 2026-06-28 0000707549 country:KR 2025-06-29 0000707549 country:KR 2024-06-30 0000707549 country:TW 2026-06-28 0000707549 country:TW 2025-06-29 0000707549 country:TW 2024-06-30 0000707549 srt:EuropeMember 2026-06-28 0000707549 srt:EuropeMember 2025-06-29 0000707549 srt:EuropeMember 2024-06-30 0000707549 country:JP 2026-06-28 0000707549 country:JP 2025-06-29 0000707549 country:JP 2024-06-30 0000707549 country:CN 2026-06-28 0000707549 country:CN 2025-06-29 0000707549 country:CN 2024-06-30 0000707549 lrcx:CustomerOneMember us-gaap:SalesRevenueNetMember us-gaap:CustomerConcentrationRiskMember 2025-06-30 2026-06-28 0000707549 lrcx:CustomerTwoMember us-gaap:SalesRevenueNetMember us-gaap:CustomerConcentrationRiskMember 2025-06-30 2026-06-28 0000707549 lrcx:CustomerThreeMember us-gaap:SalesRevenueNetMember us-gaap:CustomerConcentrationRiskMember 2025-06-30 2026-06-28 0000707549 lrcx:CustomerFourMember us-gaap:SalesRevenueNetMember us-gaap:CustomerConcentrationRiskMember 2025-06-30 2026-06-28 0000707549 lrcx:CustomerOneMember us-gaap:SalesRevenueNetMember us-gaap:CustomerConcentrationRiskMember 2024-07-01 2025-06-29 0000707549 lrcx:CustomerTwoMember us-gaap:SalesRevenueNetMember us-gaap:CustomerConcentrationRiskMember 2024-07-01 2025-06-29 0000707549 lrcx:CustomerOneMember us-gaap:SalesRevenueNetMember us-gaap:CustomerConcentrationRiskMember 2023-06-26 2024-06-30 0000707549 2022-06-27 2024-06-30 0000707549 2026-03-30 2026-06-28 0000707549 lrcx:AvaA.HarterMember 2026-03-30 2026-06-28 0000707549 lrcx:AvaA.HarterMember 2026-06-28 0000707549 lrcx:SeshasayeeSeshaVaradarajanMember 2026-03-30 2026-06-28 0000707549 lrcx:SeshasayeeSeshaVaradarajanMember 2026-06-28 iso4217:USD shares iso4217:USD shares lrcx:segment lrcx:primary_market pure lrcx:day lrcx:purchase_date lrcx:financial_institution lrcx:region lrcx:employee false 2026 FY 0000707549

P3Y

P1Y

P2Y

http://xbrl.sec.gov/country/2026#US

http://fasb.org/us-gaap/2026#OtherAssetsNoncurrent

http://fasb.org/us-gaap/2026#AccruedLiabilitiesCurrent

http://fasb.org/us-gaap/2026#OtherLiabilitiesNoncurrent

P367D P350D 10-K true 2026-06-28 --06-28 false 0-12933 LAM RESEARCH CORPORATION DE 94-2634797 4650 Cushing Parkway Fremont CA 94538 510 572-0200 Common Stock, Par Value $0.001 Per Share LRCX NASDAQ Yes No Yes Yes Large Accelerated Filer false false true false false 178309002956 1251321000 Parts of the Registrant’s Proxy Statement for the Annual Meeting of Stockholders expected to be held on or about November 3, 2026, are incorporated by reference into Part III of this Annual Report on Form 10-K. Except as expressly incorporated by reference herein, the Registrant’s Proxy Statement shall not be deemed to be part of this report. <div style="margin-top:4pt">We recognize the significant role of information security in safeguarding our valuable intellectual property along with the confidentiality, integrity and availability of the data of our customers, employees, and suppliers. We have implemented certain policies, procedures, and systems that are designed to identify and address material risks related to cybersecurity and cybersecurity incidents. </div><div style="margin-top:10pt">We have a comprehensive enterprise risk management (“ERM”) program, which is implemented by management and overseen by our Board of Directors (“Board”). </div><div style="margin-top:10pt">Our identification, assessment, and management of material risks from cybersecurity threats is integrated into the Company’s overall ERM system and processes. Our ERM program is designed to leverage existing management processes to (i) identify critical enterprise risks, including both information security and cybersecurity risks, (ii) design and implement appropriate risk mitigation strategies, and (iii) assess the status of risks and mitigation plans. </div><div style="margin-top:10pt">A key component within our ERM framework is a robust information security risk management program, which includes: </div><div style="margin-top:10pt;padding-left:36pt;text-indent:-18pt">•risk assessments designed to help identify risks to our critical systems, information, services, and our broader global information systems environment; </div><div style="padding-left:36pt;text-indent:-18pt">•a security team principally responsible for managing (i) our cybersecurity risk assessment processes, (ii) our security controls, and (iii) our response to cybersecurity incidents; </div><div style="padding-left:36pt;text-indent:-18pt">•the use of external service providers, where appropriate, to aid in assessing specific risks, provide benchmarking data, provide information regarding trends or recent regulatory changes applicable to our risk profile, or to test or otherwise assist with aspects of our security processes; </div><div style="padding-left:36pt;text-indent:-18pt">•the periodic engagement of an independent third-party expert to evaluate our security capabilities;</div><div style="padding-left:36pt;text-indent:-18pt">•mandatory annual cybersecurity awareness training of our employees, including incident response personnel and senior management, as well as conducting periodic tests with our user population to reinforce good information security practices; </div><div style="padding-left:36pt;text-indent:-18pt">•a cybersecurity incident response plan that includes procedures for responding to cybersecurity incidents, including those impacting the Company’s manufacturing sites; </div><div style="padding-left:36pt;text-indent:-18pt">•processes to identify vulnerabilities, breach attempts and possible criminal activity by external parties; and </div><div style="padding-left:36pt;text-indent:-18pt">•processes to assess the practices of our suppliers and third-party service providers relative to protecting the security of our information. </div><div style="margin-bottom:6pt;margin-top:6pt">The Company holds ISO 27001-2022 certification for information security at our corporate headquarters. Our Chief Information Security Officer (“CISO”), who has over 30 years of experience in information security and technology leadership, has primary responsibility for (i) leading our global information security program, (ii) managing the cybersecurity risks identified as part of the ERM program, and (iii) developing, implementing, and enforcing security policies and maintaining information security systems. </div><div style="margin-bottom:6pt;margin-top:6pt">Our global information security program, led by our CISO, includes dedicated teams specialized in (i) identity access management, (ii) incident response, (iii) vulnerability governance, (iv) security operations and engineering (v) governance, risk, and compliance, and (vi) insider risk and intelligence. The members of the information security team are responsible for managing, maintaining, and monitoring the systems and processes that prevent, detect, mitigate and remediate cybersecurity incidents, and for informing our CISO of status of such systems and processes, as well as any significant incidents.</div> Our identification, assessment, and management of material risks from cybersecurity threats is integrated into the Company’s overall ERM system and processes. Our ERM program is designed to leverage existing management processes to (i) identify critical enterprise risks, including both information security and cybersecurity risks, (ii) design and implement appropriate risk mitigation strategies, and (iii) assess the status of risks and mitigation plans. true true true Our Chief Information Security Officer (“CISO”), who has over 30 years of experience in information security and technology leadership, has primary responsibility for (i) leading our global information security program, (ii) managing the cybersecurity risks identified as part of the ERM program, and (iii) developing, implementing, and enforcing security policies and maintaining information security systems. <div style="margin-bottom:6pt;margin-top:6pt">Our global information security program, led by our CISO, includes dedicated teams specialized in (i) identity access management, (ii) incident response, (iii) vulnerability governance, (iv) security operations and engineering (v) governance, risk, and compliance, and (vi) insider risk and intelligence. The members of the information security team are responsible for managing, maintaining, and monitoring the systems and processes that prevent, detect, mitigate and remediate cybersecurity incidents, and for informing our CISO of status of such systems and processes, as well as any significant incidents.</div>Our Board is responsible for overseeing our strategy and approach to addressing information security risks, including the management and assessment of risks from cybersecurity threats, both directly and through the audit committee. The audit committee is responsible for reviewing and monitoring the Company’s cybersecurity and information security policies and its internal controls regarding cybersecurity and information security. In addition, the audit committee is responsible for regularly reporting to the Board on the substance of such reviews and, as necessary, recommending to the Board such actions as it deems appropriate. Our CISO reports on information security risks at least annually to the Board and quarterly to the audit committee or Board. Our Chief Information Security Officer (“CISO”), who has over 30 years of experience in information security and technology leadership, has primary responsibility for (i) leading our global information security program, (ii) managing the cybersecurity risks identified as part of the ERM program, and (iii) developing, implementing, and enforcing security policies and maintaining information security systems. <div style="margin-bottom:6pt;margin-top:6pt">Our global information security program, led by our CISO, includes dedicated teams specialized in (i) identity access management, (ii) incident response, (iii) vulnerability governance, (iv) security operations and engineering (v) governance, risk, and compliance, and (vi) insider risk and intelligence. The members of the information security team are responsible for managing, maintaining, and monitoring the systems and processes that prevent, detect, mitigate and remediate cybersecurity incidents, and for informing our CISO of status of such systems and processes, as well as any significant incidents.</div> Our Chief Information Security Officer (“CISO”), who has over 30 years of experience in information security and technology leadership, has primary responsibility for (i) leading our global information security program, (ii) managing the cybersecurity risks identified as part of the ERM program, and (iii) developing, implementing, and enforcing security policies and maintaining information security systems. <div style="margin-bottom:6pt;margin-top:6pt">Our global information security program, led by our CISO, includes dedicated teams specialized in (i) identity access management, (ii) incident response, (iii) vulnerability governance, (iv) security operations and engineering (v) governance, risk, and compliance, and (vi) insider risk and intelligence. The members of the information security team are responsible for managing, maintaining, and monitoring the systems and processes that prevent, detect, mitigate and remediate cybersecurity incidents, and for informing our CISO of status of such systems and processes, as well as any significant incidents.</div> Our Chief Information Security Officer (“CISO”), who has over 30 years of experience in information security and technology leadership, has primary responsibility for (i) leading our global information security program, (ii) managing the cybersecurity risks identified as part of the ERM program, and (iii) developing, implementing, and enforcing security policies and maintaining information security systems. true Our Board is responsible for overseeing our strategy and approach to addressing information security risks, including the management and assessment of risks from cybersecurity threats, both directly and through the audit committee. The audit committee is responsible for reviewing and monitoring the Company’s cybersecurity and information security policies and its internal controls regarding cybersecurity and information security. In addition, the audit committee is responsible for regularly reporting to the Board on the substance of such reviews and, as necessary, recommending to the Board such actions as it deems appropriate. Our CISO reports on information security risks at least annually to the Board and quarterly to the audit committee or Board. Our Board is responsible for overseeing our strategy and approach to addressing information security risks, including the management and assessment of risks from cybersecurity threats, both directly and through the audit committee. The audit committee is responsible for reviewing and monitoring the Company’s cybersecurity and information security policies and its internal controls regarding cybersecurity and information security. In addition, the audit committee is responsible for regularly reporting to the Board on the substance of such reviews and, as necessary, recommending to the Board such actions as it deems appropriate. Our CISO reports on information security risks at least annually to the Board and quarterly to the audit committee or Board. true false 185

23232690000

18435591000

14905386000

11507382000 9456532000 7809220000 0 0 43375000

11507382000

9456532000

7852595000

11725308000

8979059000

7052791000

2375873000

2096387000

1902444000

1149640000

981704000

868247000

0 0 18187000

3525513000

3078091000

2788878000

8199795000

5900968000

4263913000

62678000

57161000

96309000

8262473000

5958129000

4360222000

997077000

599912000

532450000

7265396000

5358217000

3827772000

5.79

4.17

2.91

5.76

4.15

2.90

1255079000

1286101000

1314102000

1261102000

1290142000

1319949000

7265396000

5358217000

3827772000

-39925000

44282000

-29080000

24908000

20758000

20370000

49492000

-7173000

27370000

-24584000

27931000

-7000000

314000

10000

304000

-156000

-4208000

6054000

-64665000

68005000

-29722000

7200731000

5426222000

3798050000

5579171000

6390659000

8071000

6496000

5339682000

3378071000

4276111000

4307991000

415741000

440274000

15610705000

14516995000

2956472000

2428744000

1895859000

1808685000

3066707000

2590836000

23529743000

21345260000

1302467000

854208000

2351541000

2394366000

2279168000

2565540000

4073000

754311000

5937249000

6568425000

3730490000

3730194000

681197000

603412000

709886000

581610000

11058822000

11483641000

0.001

5000000

0.001

4000000000

1251278000

1268740000

1251000

1268000

9244449000

8697290000

1710109000

1687582000

31597945000

27763430000

-127088000

-62423000

34950254000

28988914000

12470921000

9861619000

23529743000

21345260000

7265396000

5358217000

3827772000

441533000

386277000

359699000

-289062000

-363247000

-198981000

386381000

343371000

293058000

32712000

-6845000

-10243000

1962108000

858748000

-303443000

93860000

180733000

-528723000

-50240000

206729000

15535000

417507000

212000000

125939000

-286372000

1147759000

-277440000

-39286000

328252000

-304652000

5857657000

6173264000

4652269000

966405000

759186000

396670000

34336000

3430000

-44253000

-51094000

11710000

-922152000

-708092000

-370614000

755428000

507488000

256104000

3851343000

3422321000

2842807000

1270635000

1149542000

1018915000

155965000

140113000

119966000

17447000

2452000

15553000

-13793000

143000

-13543000

-5717787000

-4936643000

-3995850000

-27431000

28324000

-22374000

-809713000

556853000

263431000

6407656000

5850803000

5587372000

5597943000

6407656000

5850803000

34348000

38525000

51471000

119605000

80799000

60826000

325402000

291981000

260905000

125691000 90873000 71267000

150101000

172355000

173094000

5579171000

6390659000

5847856000

18772000

16997000

2947000

5597943000

6407656000

5850803000

1332966000

1333000

7806749000

-21529300000

-100706000

22032096000

8210172000

5243000

5000

15548000

15553000

37241000

37000

2848755000

2848792000

2801000 3000 107691000 12272000 119966000

293058000

3827772000

-29722000

0.80

1048553000

1303769000

1304000

8223046000

-24365783000

-130428000

24811315000

8539454000

4315000

4000

2448000

2452000

41812000

42000

3409333000

3409375000

2468000 2000 128425000 11686000 140113000

343371000

5358217000

68005000

0.92

1180618000

1268740000

1268000

8697290000

-27763430000

-62423000

28988914000

9861619000

5065000

5000

17442000

17447000

25034000

25000

3847141000

3847166000

2507000 3000 143336000 12626000 155965000

386381000

7265396000

-64665000

1.04

1304056000

1251278000

1251000

9244449000

-31597945000

-127088000

34950254000

12470921000

Company and Industry Information<div style="margin-top:4pt">The Company designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. Semiconductor manufacturing, our customers’ business, involves the complete fabrication of multiple dies or integrated circuits on a wafer. This involves the repetition of a set of core processes and can require hundreds of individual steps. Fabricating these devices requires highly sophisticated process technologies to integrate an increasing array of new materials with precise control at the atomic scale. Along with meeting technical requirements, wafer processing equipment must deliver high productivity and be cost-effective.</div><div style="margin-top:10pt">The Company sells its products and services primarily to companies involved in the production of semiconductors in the United States, China, Europe, Japan, Korea, Southeast Asia, and Taiwan.</div><div style="margin-top:10pt">The semiconductor industry is cyclical in nature and has historically experienced periodic downturns and upturns. Today’s leading indicators of changes in customer investment patterns, such as electronics demand, memory pricing, and foundry utilization rates, may not be any more reliable than in prior years. Demand for the Company’s equipment can vary significantly from period to period as a result of various factors including, but not limited to, economic conditions; supply, demand, and prices for semiconductors; customer capacity requirements; and the Company’s ability to develop and market competitive products. For these and other reasons, the Company’s results of operations for fiscal years 2026, 2025, and 2024 may not necessarily be indicative of future operating results.</div>

Summary of Significant Accounting Policies<div style="margin-top:4pt">The preparation of financial statements in conformity with GAAP requires management to make judgments, estimates, and assumptions that could affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. The Company bases its estimates and assumptions on historical experience and on various other assumptions it believes to be applicable and evaluates them on an ongoing basis to ensure they remain reasonable under current conditions. Actual results could differ significantly from those estimates.</div><div style="margin-top:10pt">Revenue Recognition: The Company generally considers documentation of terms with an approved purchase order as a customer contract, provided that collection is considered probable, which is assessed based on the creditworthiness of the customer as determined by credit checks, payment histories, and/or other circumstances. The transaction price for contracts with customers is allocated among the identified performance obligations and consists of both fixed and variable consideration provided it is probable that a significant reversal of revenue will not occur when the uncertainty related to variable consideration is resolved. Fixed consideration includes amounts to be contractually billed to the customer while variable consideration includes estimates for discounts and credits for future usage which are based on contractual terms outlined in volume purchase agreements and other factors known at the time. The Company generally invoices customers at shipment and for professional services as provided. Customer invoices are generally due within 30 to 90 days after issuance. The Company’s contracts with customers typically do not include significant financing components as the period between the transfer of performance obligations and timing of payment are generally within one year. Revenue for systems and spares are recognized at a point in time, which is generally upon shipment or delivery. Revenue from services is recognized over time as services are completed or ratably over the contractual period of generally one year or less. Revenue is recognized in an amount that reflects the consideration to which we expect to be entitled in exchange for those goods or services. The Company elects to use the practical expedient afforded in the accounting guidance and therefore does not disclose remaining performance obligations for contracts with a duration of less than one year. Additionally, outstanding customer contracts with remaining durations more than one year are not material as of June 28, 2026. </div><div style="margin-top:10pt">Inventory Valuation: Inventories are stated at the lower of cost or net realizable value using standard costs that approximate actual costs on a first-in, first-out basis. Management evaluates the need to record adjustments for impairment of inventory at least quarterly. The Company’s policy is to assess the valuation of all inventories including manufacturing raw materials, work-in-process, finished goods, and spare parts in each reporting period. Inventory in excess of management’s estimated usage requirement and obsolete inventory is written down to its estimated net realizable value if less than cost. Estimates of net realizable value include but are not limited to management’s forecasts related to customer demand, the Company’s future manufacturing schedules, technological and/or market obsolescence, general semiconductor market conditions, and possible alternative uses. If future customer demand or market conditions are less favorable than the Company’s projections, additional inventory write-downs may be required and would be reflected in cost of goods sold in the period in which the revision is made.</div><div style="margin-top:10pt">Warranty: Typically, the sale of semiconductor capital equipment includes providing parts and service warranties to customers as part of the overall price of the system. The Company provides standard warranties for its systems. The Company records a provision for estimated warranty expenses to cost of sales for each system when it recognizes revenue. The Company does not maintain general or unspecified reserves; all warranty reserves are related to specific systems. All actual or estimated parts and labor costs incurred in subsequent periods are charged to those established reserves on a system-by-system basis.</div><div style="margin-top:10pt">While the Company periodically monitors the performance and cost of warranty activities, if actual costs incurred are different than its estimates, the Company may recognize adjustments to provisions in the period in which those differences arise or are identified. </div><div style="margin-top:10pt">Equity-based Compensation — Employee Stock Plans: The Company recognizes the fair value of equity-based compensation expense. The Company determines the fair value of its service-based restricted stock units based upon the fair market value of the Company’s Common Stock at the date of grant, discounted for dividends, and estimates the fair value of its market-based performance restricted stock units using a Monte Carlo simulation model at the date of the grant. The Company estimates the fair value of its stock options using a Black-Scholes option valuation model. This model requires the input of subjective assumptions, including expected stock price volatility and the estimated life of each award. The Company amortizes the fair value of equity-based awards over the vesting periods of the award and has elected to use the straight-line method of amortization.</div><div style="margin-top:10pt">Income Taxes: Deferred income taxes reflect the net tax effect of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes, as well as the tax effect of carryforwards. The Company records a valuation allowance to reduce its deferred tax assets to the amount that is more likely than not to be realized. Realization of its net deferred tax assets is dependent on future taxable income. The Company believes it is more likely than not that such assets will be realized; however, ultimate realization could be negatively impacted by market conditions and other variables not known or anticipated at this time. In the event that the Company determines that it will not be able to realize all or part of its net deferred tax assets, an adjustment will be charged to earnings in the period such determination is made. Likewise, if the Company later determines that it is more likely than not that the deferred tax assets will be realized, then the previously provided valuation allowance will be reversed. The Company has an accounting policy election to record deferred taxes related to GILTI.</div><div style="margin-top:10pt">The Company recognizes the benefit from a tax position only if it is more likely than not that the position will be sustained upon audit based solely on the technical merits of the tax position. The Company has a policy to include interest and penalties related to uncertain tax positions as a component of income tax expense.</div><div style="margin-top:10pt">Goodwill and Intangible Assets: The valuation of intangible assets acquired in a business combination requires the use of management estimates including but not limited to estimating future expected cash flows from assets acquired and determining discount rates. Management’s estimates of fair value are based upon assumptions believed to be reasonable, but which are inherently uncertain and unpredictable, and as a result, actual results may differ from estimates. Estimates associated with the accounting for acquisitions may change as additional information becomes available. The Company amortizes intangible assets with estimable useful lives over their respective estimated useful lives.</div><div style="margin-top:10pt">Goodwill represents the amount by which the purchase price in each business combination exceeds the fair value of the net tangible and identifiable intangible assets acquired. Each component of the Company for which discrete financial information is available and for which management regularly reviews the results of operations is considered a reporting unit. All goodwill acquired in a business combination is assigned to one or more reporting units as of the acquisition date. Goodwill is assigned to the Company’s reporting units that are expected to benefit from the synergies of the combination. The goodwill assigned to a reporting unit is the difference between the acquisition consideration assigned to the reporting unit on a relative fair value basis and the fair value of acquired assets and liabilities that can be specifically attributed to the reporting unit. </div><div style="margin-top:10pt">The Company reviews goodwill at least annually for impairment during the fourth quarter of each fiscal year and if certain events or indicators of impairment occur between annual impairment tests. When reviewing goodwill for impairment, the Company first performs a qualitative assessment to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value. In performing a qualitative assessment, it considers business conditions and other factors including, but not limited to (i) adverse industry or economic trends, (ii) restructuring actions and lower projections that may impact future operating results, (iii) sustained decline in share price, and (iv) overall financial performance and other events affecting the reporting units. If the Company concludes that it is more likely than not that the fair value of a reporting unit is less than its carrying amount, then a quantitative impairment test is performed by estimating the fair value of the reporting unit and comparing it to its carrying value, including goodwill allocated to that reporting unit. The Company did not record impairments of goodwill during the years ended June 28, 2026, June 29, 2025, or June 30, 2024.</div><div style="margin-top:10pt">Impairment of Long-lived Assets (Excluding Goodwill): The Company reviews intangible assets whenever events or circumstances indicate that the carrying value of an asset or asset group may not be recoverable. If such indicators are present, the Company determines whether the sum of the estimated undiscounted cash flows attributable to the assets is less than their carrying value. If the sum is less, the Company recognizes an impairment loss based on the excess of the carrying amount of the assets over their respective fair values. Fair value is determined by discounted future cash flows, appraisals, or other methods. The Company recognizes an impairment charge to the extent the fair value attributable to the asset are less than the asset’s carrying value. The fair value of the asset then becomes the asset’s new carrying value, which the Company depreciates over the remaining estimated useful life of the asset. Assets to be disposed of are reported at the lower of the carrying amount or fair value. For the periods presented, impairment of long-lived assets were not material. In addition, for fully amortized intangible assets, we derecognize the gross cost and accumulated amortization in the period we determine the intangible asset no longer enhances future cash flows. </div><div style="margin-top:10pt">Fiscal Year: The Company follows a 52/53-week fiscal reporting calendar, and its fiscal year ends on the last Sunday of June each year. The Company’s fiscal years ending on June 28, 2026 and June 29, 2025 included 52 weeks, and the fiscal year ended June 30, 2024 included 53 weeks.</div><div style="margin-top:10pt">Principles of Consolidation: The Consolidated Financial Statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation.</div><div style="margin-top:10pt">Cash Equivalents and Investments: Investments purchased with an original maturity of three months or less are considered cash equivalents. The Company also invests in certain mutual funds, which include equity and fixed-income securities, related to its obligations under its deferred compensation plan, and such investments are classified as trading securities on the Consolidated Balance Sheets. All of the Company’s other investments are classified as available-for-sale at the respective balance sheet dates. The Company accounts for its investment portfolio at fair value. Investments classified as trading securities are recorded at fair value based upon quoted market prices. Differences between the cost and fair value of trading securities are recognized as Other income (expense), net in the Consolidated Statement of Operations. The investments classified as available-for-sale are recorded at fair value based upon quoted market prices, and difference between the cost and fair value of available-for-sale securities is presented as a component of accumulated other comprehensive income (loss). The Company evaluates its investments with fair value less than amortized cost by first considering whether the Company has the intent to sell the security or whether it is more likely than not that the Company will be required to sell the security before recovery of its amortized cost basis. In either such situation, the difference between fair value and amortized cost is recognized as a loss in the Consolidated Statement of Operations. Where such sales are not likely to occur, the Company considers whether a portion of the loss is the result of a credit loss. To the extent such losses are the result of credit losses, those amounts are recognized in the Consolidated Statement of Operations. All other differences between fair value and amortized cost are recognized in other comprehensive income. No such losses were recognized through the Consolidated Statement of Operations during the years ended June 28, 2026, June 29, 2025 and June 30, 2024.</div><div style="margin-top:10pt">Allowance for Expected Credit Losses: The Company maintains an allowance for expected losses resulting from the inability of its customers to make required payments. The Company evaluates its allowance for expected credit losses based on a combination of factors. In circumstances where specific invoices are deemed uncollectible, the Company provides a specific allowance against the amount due to reduce the net recognized receivable to the amount it reasonably believes will be collected. The Company also provides allowances based on its write-off history. Bad debt expense was not material for fiscal years ended June 28, 2026, June 29, 2025, and June 30, 2024.</div><div style="margin-top:10pt">Property and Equipment: Property and equipment is stated at cost, less recognized impairments, if any. Equipment is depreciated by the straight-line method over the estimated useful lives of the assets, generally three to seven years. Furniture and fixtures are depreciated by the straight-line method over the estimated useful lives of the assets, generally five years. Software is amortized by the straight-line method over the estimated useful lives of the assets, generally three to five years. Buildings are depreciated by the straight-line method over the estimated useful lives of the assets, generally twenty-five years. Leasehold improvements are generally amortized by the straight-line method over the shorter of the life of the related asset or the term of the underlying lease. Amortization of finance leases is included with depreciation expense.</div><div style="margin-top:10pt">Derivative Financial Instruments: In the normal course of business, the Company’s financial position is routinely subjected to market risk associated with interest rate and foreign currency exchange rate fluctuations. The Company’s policy is to mitigate the effect of interest rate fluctuations on certain proposed debt instruments and exchange rate fluctuations on certain foreign currency denominated business exposures. The Company has a policy that allows the use of derivative financial instruments to hedge foreign currency exchange rate fluctuations on forecasted revenue and expenses and net monetary assets or liabilities denominated in various foreign currencies. The Company carries derivative financial instruments (derivatives) on the balance sheet at their fair values. The Company does not use derivatives for trading or speculative purposes. The Company does not believe that it is exposed to more than a nominal amount of credit risk in its interest rate and foreign currency hedges, as counterparties are large, global and well-capitalized financial institutions. The Company maintains an active currency hedging program and believes there is minimal risk that appropriate derivatives to maintain the Company’s hedging program would not be available in the future.</div><div style="margin-top:10pt">To hedge foreign currency risks, the Company uses foreign currency exchange forward and option contracts, where possible and prudent. These hedge contracts are valued using standard valuation formulas with assumptions about future foreign currency exchange rates derived from existing exchange rates, interest rates, and other market factors.</div><div style="margin-top:10pt">The Company considers its most current forecast in determining the level of foreign currency denominated revenue and expenses to hedge as cash flow hedges. The Company combines these forecasts with historical trends to establish the portion of its expected volume to be hedged. The revenue and expenses are hedged and designated as cash flow hedges to protect the Company from exposures to fluctuations in foreign currency exchange rates. If the underlying forecasted transaction does not occur, or it becomes probable that it will not occur, the related hedge gains and losses on the cash flow hedge are reclassified from Accumulated other comprehensive income (loss) to Other income (expense), net on the Consolidated Statement of Operations at that time.</div><div style="margin-top:10pt">Leases: Lease expense for operating leases is recognized on a straight-line basis over the lease term. The Company includes renewals and terminations in the calculation of the right-of-use asset and liability when the provision is reasonably certain to be exercised. The Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of future lease payments when the rate implicit in the lease is unknown.</div><div style="margin-top:10pt">The Company has elected the following practical expedients and accounting policy elections for accounting under ASC 842: (i) leases with an initial lease term of 12 months or less are not recorded on the balance sheet; and (ii) lease and non-lease components of a contract are accounted for as a single lease component.</div><div style="margin-top:10pt">Guarantees: The Company’s guarantees generally include certain indemnifications to its lessors for environmental matters, potential overdraft protection obligations to financial institutions related to one of the Company’s subsidiaries, indemnifications to the Company’s customers for certain infringement of third-party intellectual property rights by its products and services, indemnifications for its officers and directors, and the Company’s warranty obligations under sales of its products.</div><div style="margin-top:10pt">Government Assistance: For government grants, the Company recognizes a benefit in the Consolidated Statement of Operations, as a reduction to the expense for which the individual government grant (“Grant” or “Grants”) is designed to compensate, over the duration of the program when the Company has reasonable assurance that it will comply with the conditions under the Grant and that the Grant will be received. Grants related to investments in property and equipment are recognized as a reduction to the cost basis of the underlying assets with an ongoing reduction to depreciation expense over the assets’ estimated useful life. Operating-related grants are recorded as a reduction to expense in the same line item on the Consolidated Statements of Operation as the expenditure for which the incentive is intended to compensate.</div><div style="margin-top:10pt">Foreign Currency Translation: The Company’s non-U.S. subsidiaries that operate in a local currency environment, where that local currency is the functional currency, primarily generate and expend cash in their local currency. Accordingly, all balance sheet accounts of these local functional currency subsidiaries are translated into U.S. dollars at the fiscal period-end exchange rate, and income and expense accounts are translated into U.S. dollars using average rates in effect for the period, except for costs related to those balance sheet items that are translated using historical exchange rates. The resulting translation adjustments are recorded as cumulative translation adjustments and are a component of Accumulated other comprehensive income (loss). Remeasurement adjustments are recorded in Other income (expense), net, where the U.S. dollar is the functional currency and the Company transacts in a currency other than the functional currency.</div>

Revenue Recognition: The Company generally considers documentation of terms with an approved purchase order as a customer contract, provided that collection is considered probable, which is assessed based on the creditworthiness of the customer as determined by credit checks, payment histories, and/or other circumstances. The transaction price for contracts with customers is allocated among the identified performance obligations and consists of both fixed and variable consideration provided it is probable that a significant reversal of revenue will not occur when the uncertainty related to variable consideration is resolved. Fixed consideration includes amounts to be contractually billed to the customer while variable consideration includes estimates for discounts and credits for future usage which are based on contractual terms outlined in volume purchase agreements and other factors known at the time. The Company generally invoices customers at shipment and for professional services as provided. Customer invoices are generally due within 30 to 90 days after issuance. The Company’s contracts with customers typically do not include significant financing components as the period between the transfer of performance obligations and timing of payment are generally within one year. Revenue for systems and spares are recognized at a point in time, which is generally upon shipment or delivery. Revenue from services is recognized over time as services are completed or ratably over the contractual period of generally one year or less. Revenue is recognized in an amount that reflects the consideration to which we expect to be entitled in exchange for those goods or services. The Company elects to use the practical expedient afforded in the accounting guidance and therefore does not disclose remaining performance obligations for contracts with a duration of less than one year. Additionally, outstanding customer contracts with remaining durations more than one year are not material as of June 28, 2026.

Customer invoices are generally due within 30 to 90 days after issuance. The Company’s contracts with customers typically do not include significant financing components as the period between the transfer of performance obligations and timing of payment are generally within one year.

<div style="margin-top:10pt">Inventory Valuation: Inventories are stated at the lower of cost or net realizable value using standard costs that approximate actual costs on a first-in, first-out basis. Management evaluates the need to record adjustments for impairment of inventory at least quarterly. The Company’s policy is to assess the valuation of all inventories including manufacturing raw materials, work-in-process, finished goods, and spare parts in each reporting period. Inventory in excess of management’s estimated usage requirement and obsolete inventory is written down to its estimated net realizable value if less than cost. Estimates of net realizable value include but are not limited to management’s forecasts related to customer demand, the Company’s future manufacturing schedules, technological and/or market obsolescence, general semiconductor market conditions, and possible alternative uses. If future customer demand or market conditions are less favorable than the Company’s projections, additional inventory write-downs may be required and would be reflected in cost of goods sold in the period in which the revision is made.</div>

<div style="margin-top:10pt">Warranty: Typically, the sale of semiconductor capital equipment includes providing parts and service warranties to customers as part of the overall price of the system. The Company provides standard warranties for its systems. The Company records a provision for estimated warranty expenses to cost of sales for each system when it recognizes revenue. The Company does not maintain general or unspecified reserves; all warranty reserves are related to specific systems. All actual or estimated parts and labor costs incurred in subsequent periods are charged to those established reserves on a system-by-system basis.</div>While the Company periodically monitors the performance and cost of warranty activities, if actual costs incurred are different than its estimates, the Company may recognize adjustments to provisions in the period in which those differences arise or are identified.

<div style="margin-top:10pt">Equity-based Compensation — Employee Stock Plans: The Company recognizes the fair value of equity-based compensation expense. The Company determines the fair value of its service-based restricted stock units based upon the fair market value of the Company’s Common Stock at the date of grant, discounted for dividends, and estimates the fair value of its market-based performance restricted stock units using a Monte Carlo simulation model at the date of the grant. The Company estimates the fair value of its stock options using a Black-Scholes option valuation model. This model requires the input of subjective assumptions, including expected stock price volatility and the estimated life of each award. The Company amortizes the fair value of equity-based awards over the vesting periods of the award and has elected to use the straight-line method of amortization.</div>

<div style="margin-top:10pt">Income Taxes: Deferred income taxes reflect the net tax effect of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes, as well as the tax effect of carryforwards. The Company records a valuation allowance to reduce its deferred tax assets to the amount that is more likely than not to be realized. Realization of its net deferred tax assets is dependent on future taxable income. The Company believes it is more likely than not that such assets will be realized; however, ultimate realization could be negatively impacted by market conditions and other variables not known or anticipated at this time. In the event that the Company determines that it will not be able to realize all or part of its net deferred tax assets, an adjustment will be charged to earnings in the period such determination is made. Likewise, if the Company later determines that it is more likely than not that the deferred tax assets will be realized, then the previously provided valuation allowance will be reversed. The Company has an accounting policy election to record deferred taxes related to GILTI.</div><div style="margin-top:10pt">The Company recognizes the benefit from a tax position only if it is more likely than not that the position will be sustained upon audit based solely on the technical merits of the tax position. The Company has a policy to include interest and penalties related to uncertain tax positions as a component of income tax expense.</div>

<div style="margin-top:10pt">Goodwill and Intangible Assets: The valuation of intangible assets acquired in a business combination requires the use of management estimates including but not limited to estimating future expected cash flows from assets acquired and determining discount rates. Management’s estimates of fair value are based upon assumptions believed to be reasonable, but which are inherently uncertain and unpredictable, and as a result, actual results may differ from estimates. Estimates associated with the accounting for acquisitions may change as additional information becomes available. The Company amortizes intangible assets with estimable useful lives over their respective estimated useful lives.</div><div style="margin-top:10pt">Goodwill represents the amount by which the purchase price in each business combination exceeds the fair value of the net tangible and identifiable intangible assets acquired. Each component of the Company for which discrete financial information is available and for which management regularly reviews the results of operations is considered a reporting unit. All goodwill acquired in a business combination is assigned to one or more reporting units as of the acquisition date. Goodwill is assigned to the Company’s reporting units that are expected to benefit from the synergies of the combination. The goodwill assigned to a reporting unit is the difference between the acquisition consideration assigned to the reporting unit on a relative fair value basis and the fair value of acquired assets and liabilities that can be specifically attributed to the reporting unit. </div>The Company reviews goodwill at least annually for impairment during the fourth quarter of each fiscal year and if certain events or indicators of impairment occur between annual impairment tests. When reviewing goodwill for impairment, the Company first performs a qualitative assessment to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value. In performing a qualitative assessment, it considers business conditions and other factors including, but not limited to (i) adverse industry or economic trends, (ii) restructuring actions and lower projections that may impact future operating results, (iii) sustained decline in share price, and (iv) overall financial performance and other events affecting the reporting units. If the Company concludes that it is more likely than not that the fair value of a reporting unit is less than its carrying amount, then a quantitative impairment test is performed by estimating the fair value of the reporting unit and comparing it to its carrying value, including goodwill allocated to that reporting unit.

Impairment of Long-lived Assets (Excluding Goodwill): The Company reviews intangible assets whenever events or circumstances indicate that the carrying value of an asset or asset group may not be recoverable. If such indicators are present, the Company determines whether the sum of the estimated undiscounted cash flows attributable to the assets is less than their carrying value. If the sum is less, the Company recognizes an impairment loss based on the excess of the carrying amount of the assets over their respective fair values. Fair value is determined by discounted future cash flows, appraisals, or other methods. The Company recognizes an impairment charge to the extent the fair value attributable to the asset are less than the asset’s carrying value. The fair value of the asset then becomes the asset’s new carrying value, which the Company depreciates over the remaining estimated useful life of the asset. Assets to be disposed of are reported at the lower of the carrying amount or fair value. For the periods presented, impairment of long-lived assets were not material. In addition, for fully amortized intangible assets, we derecognize the gross cost and accumulated amortization in the period we determine the intangible asset no longer enhances future cash flows.

<div style="margin-top:10pt">Fiscal Year: The Company follows a 52/53-week fiscal reporting calendar, and its fiscal year ends on the last Sunday of June each year. The Company’s fiscal years ending on June 28, 2026 and June 29, 2025 included 52 weeks, and the fiscal year ended June 30, 2024 included 53 weeks.</div>

Cash Equivalents and Investments: Investments purchased with an original maturity of three months or less are considered cash equivalents. The Company also invests in certain mutual funds, which include equity and fixed-income securities, related to its obligations under its deferred compensation plan, and such investments are classified as trading securities on the Consolidated Balance Sheets. All of the Company’s other investments are classified as available-for-sale at the respective balance sheet dates. The Company accounts for its investment portfolio at fair value. Investments classified as trading securities are recorded at fair value based upon quoted market prices. Differences between the cost and fair value of trading securities are recognized as Other income (expense), net in the Consolidated Statement of Operations. The investments classified as available-for-sale are recorded at fair value based upon quoted market prices, and difference between the cost and fair value of available-for-sale securities is presented as a component of accumulated other comprehensive income (loss). The Company evaluates its investments with fair value less than amortized cost by first considering whether the Company has the intent to sell the security or whether it is more likely than not that the Company will be required to sell the security before recovery of its amortized cost basis. In either such situation, the difference between fair value and amortized cost is recognized as a loss in the Consolidated Statement of Operations. Where such sales are not likely to occur, the Company considers whether a portion of the loss is the result of a credit loss. To the extent such losses are the result of credit losses, those amounts are recognized in the Consolidated Statement of Operations. All other differences between fair value and amortized cost are recognized in other comprehensive income.

Allowance for Expected Credit Losses: The Company maintains an allowance for expected losses resulting from the inability of its customers to make required payments. The Company evaluates its allowance for expected credit losses based on a combination of factors. In circumstances where specific invoices are deemed uncollectible, the Company provides a specific allowance against the amount due to reduce the net recognized receivable to the amount it reasonably believes will be collected. The Company also provides allowances based on its write-off history.

<div style="margin-top:10pt">Property and Equipment: Property and equipment is stated at cost, less recognized impairments, if any. Equipment is depreciated by the straight-line method over the estimated useful lives of the assets, generally three to seven years. Furniture and fixtures are depreciated by the straight-line method over the estimated useful lives of the assets, generally five years. Software is amortized by the straight-line method over the estimated useful lives of the assets, generally three to five years. Buildings are depreciated by the straight-line method over the estimated useful lives of the assets, generally twenty-five years. Leasehold improvements are generally amortized by the straight-line method over the shorter of the life of the related asset or the term of the underlying lease. Amortization of finance leases is included with depreciation expense.</div>

P7Y

P5Y

P25Y

<div style="margin-top:10pt">Derivative Financial Instruments: In the normal course of business, the Company’s financial position is routinely subjected to market risk associated with interest rate and foreign currency exchange rate fluctuations. The Company’s policy is to mitigate the effect of interest rate fluctuations on certain proposed debt instruments and exchange rate fluctuations on certain foreign currency denominated business exposures. The Company has a policy that allows the use of derivative financial instruments to hedge foreign currency exchange rate fluctuations on forecasted revenue and expenses and net monetary assets or liabilities denominated in various foreign currencies. The Company carries derivative financial instruments (derivatives) on the balance sheet at their fair values. The Company does not use derivatives for trading or speculative purposes. The Company does not believe that it is exposed to more than a nominal amount of credit risk in its interest rate and foreign currency hedges, as counterparties are large, global and well-capitalized financial institutions. The Company maintains an active currency hedging program and believes there is minimal risk that appropriate derivatives to maintain the Company’s hedging program would not be available in the future.</div><div style="margin-top:10pt">To hedge foreign currency risks, the Company uses foreign currency exchange forward and option contracts, where possible and prudent. These hedge contracts are valued using standard valuation formulas with assumptions about future foreign currency exchange rates derived from existing exchange rates, interest rates, and other market factors.</div><div style="margin-top:10pt">The Company considers its most current forecast in determining the level of foreign currency denominated revenue and expenses to hedge as cash flow hedges. The Company combines these forecasts with historical trends to establish the portion of its expected volume to be hedged. The revenue and expenses are hedged and designated as cash flow hedges to protect the Company from exposures to fluctuations in foreign currency exchange rates. If the underlying forecasted transaction does not occur, or it becomes probable that it will not occur, the related hedge gains and losses on the cash flow hedge are reclassified from Accumulated other comprehensive income (loss) to Other income (expense), net on the Consolidated Statement of Operations at that time.</div>

<div style="margin-top:10pt">Leases: Lease expense for operating leases is recognized on a straight-line basis over the lease term. The Company includes renewals and terminations in the calculation of the right-of-use asset and liability when the provision is reasonably certain to be exercised. The Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of future lease payments when the rate implicit in the lease is unknown.</div><div style="margin-top:10pt">The Company has elected the following practical expedients and accounting policy elections for accounting under ASC 842: (i) leases with an initial lease term of 12 months or less are not recorded on the balance sheet; and (ii) lease and non-lease components of a contract are accounted for as a single lease component.</div>

<div style="margin-top:10pt">Guarantees: The Company’s guarantees generally include certain indemnifications to its lessors for environmental matters, potential overdraft protection obligations to financial institutions related to one of the Company’s subsidiaries, indemnifications to the Company’s customers for certain infringement of third-party intellectual property rights by its products and services, indemnifications for its officers and directors, and the Company’s warranty obligations under sales of its products.</div>

<div style="margin-top:10pt">Foreign Currency Translation: The Company’s non-U.S. subsidiaries that operate in a local currency environment, where that local currency is the functional currency, primarily generate and expend cash in their local currency. Accordingly, all balance sheet accounts of these local functional currency subsidiaries are translated into U.S. dollars at the fiscal period-end exchange rate, and income and expense accounts are translated into U.S. dollars using average rates in effect for the period, except for costs related to those balance sheet items that are translated using historical exchange rates. The resulting translation adjustments are recorded as cumulative translation adjustments and are a component of Accumulated other comprehensive income (loss). Remeasurement adjustments are recorded in Other income (expense), net, where the U.S. dollar is the functional currency and the Company transacts in a currency other than the functional currency.</div>

Recent Accounting Pronouncements<div style="margin-top:4pt">Recently Adopted or Effective</div><div style="margin-top:4pt">In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures,” which requires public entities to disclose consistent categories and greater disaggregation of information in the rate reconciliation and for income taxes paid. It also includes certain other amendments to improve the effectiveness of income tax disclosures. The guidance is effective for financial statements issued for annual periods beginning after December 15, 2024, with early adoption permitted. The Company adopted this standard prospectively in fiscal year 2026 for the annual reporting period ending June 28, 2026. The adoption of ASU 2023-09 did not have an impact on the Company’s Consolidated Financial Statements other than expanded tax footnote disclosures.</div>

<div style="margin-top:4pt">Recently Adopted or Effective</div><div style="margin-top:4pt">In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures,” which requires public entities to disclose consistent categories and greater disaggregation of information in the rate reconciliation and for income taxes paid. It also includes certain other amendments to improve the effectiveness of income tax disclosures. The guidance is effective for financial statements issued for annual periods beginning after December 15, 2024, with early adoption permitted. The Company adopted this standard prospectively in fiscal year 2026 for the annual reporting period ending June 28, 2026. The adoption of ASU 2023-09 did not have an impact on the Company’s Consolidated Financial Statements other than expanded tax footnote disclosures.</div>

Revenue<div style="margin-top:4pt">Disaggregation of Revenue</div><div style="margin-top:4pt">The following table presents the Company’s revenue disaggregated between systems and customer-support related revenue:</div><div style="margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:58.928%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.753%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.753%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.754%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="15" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Year Ended</td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 28, 2026</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 29, 2025</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 30, 2024</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands)</td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Systems Revenue</td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">14,885,488 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">11,491,280 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">8,921,643 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Customer support-related revenue and other</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">8,347,202 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">6,944,311 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">5,983,743 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">23,232,690 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">18,435,591 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">14,905,386 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:8pt"><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td></tr></table></div><div style="margin-top:5pt">Systems revenue includes sales of new leading-edge equipment in deposition, etch, clean and other water fabrication markets.</div><div style="margin-top:6pt">Customer support-related revenue includes sales of customer service, spares, upgrades, and non-leading-edge equipment from the Company’s Reliant® product line.</div><div style="margin-top:6pt">The Company operates in one reportable business segment: manufacturing and servicing of wafer processing semiconductor manufacturing equipment. Refer to <a href="#i95ad399254054df79c82b5a322a4d3fd_139" style="color:#474c59;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:underline">Note 19: Segment, Geographic Information, and Major </a><a href="#i95ad399254054df79c82b5a322a4d3fd_139" style="color:#474c59;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:underline">Customers</a> for additional information regarding the Company’s evaluation of reportable business segments and the disaggregation of revenue by the geographic regions in which the Company operates.</div><div style="margin-top:10pt">Additionally, the Company serves three primary markets: memory, foundry, and logic/integrated device manufacturing. The following table presents the percentages of leading- and non-leading-edge equipment and upgrade revenue to each of the primary markets the Company serves:</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:58.928%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.753%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.753%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.754%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="15" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Year Ended</td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 28, 2026</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 29, 2025</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 30, 2024</td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Foundry</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">54 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">45 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">40 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Memory</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">39 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">42 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">42 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 1pt;text-align:left;vertical-align:top">Logic/integrated device manufacturing</td><td colspan="2" style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">7 </td><td style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">13 </td><td style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">18 </td><td style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr></table></div><div style="margin-top:9pt">Deferred Revenue </div><div style="margin-top:4pt">Revenue of $2.09 billion included in deferred profit at June 29, 2025 was recognized during fiscal year 2026, representing 78% of the $2.68 billion of deferred revenue as of June 29, 2025.</div><div style="margin-top:10pt">The following table summarizes the transaction price for contracts that have not yet been recognized as revenue as of June 28, 2026 and when the Company expects to recognize the amounts as revenue:</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:45.368%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.764%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.764%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.483%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.764%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.483%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.768%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Less than 1 Year</td><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">1-3 Years</td><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">More than 3 Years</td><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands)</td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Deferred revenue</td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,798,139 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">460,673 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">(1)</td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">175,184 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">(1)</td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,433,996 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:6pt"><td colspan="3" style="background-color:#ffffff;border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td></tr></table></div><div style="margin-top:3pt;padding-left:27pt;text-indent:-18pt">(1) This amount is reported in Deferred profit on the Company's Consolidated Balance Sheets as the customers can demand the performance to be satisfied at any time.</div>

<div style="margin-top:4pt">The following table presents the Company’s revenue disaggregated between systems and customer-support related revenue:</div><div style="margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:58.928%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.753%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.753%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.754%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="15" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Year Ended</td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 28, 2026</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 29, 2025</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 30, 2024</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands)</td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Systems Revenue</td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">14,885,488 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">11,491,280 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">8,921,643 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Customer support-related revenue and other</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">8,347,202 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">6,944,311 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">5,983,743 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">23,232,690 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">18,435,591 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">14,905,386 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:8pt"><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td></tr></table></div>

14885488000

11491280000

8921643000

8347202000

6944311000

5983743000

23232690000

18435591000

14905386000

The following table presents the percentages of leading- and non-leading-edge equipment and upgrade revenue to each of the primary markets the Company serves:<div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:58.928%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.753%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.753%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.754%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="15" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Year Ended</td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 28, 2026</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 29, 2025</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 30, 2024</td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Foundry</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">54 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">45 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">40 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Memory</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">39 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">42 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">42 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 1pt;text-align:left;vertical-align:top">Logic/integrated device manufacturing</td><td colspan="2" style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">7 </td><td style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">13 </td><td style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">18 </td><td style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr></table></div>

0.54

0.45

0.40

0.39

0.42

0.07

0.13

0.18

2090000000.00

0.78

2680000000

<div style="margin-top:10pt">The following table summarizes the transaction price for contracts that have not yet been recognized as revenue as of June 28, 2026 and when the Company expects to recognize the amounts as revenue:</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:45.368%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.764%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.764%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.483%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.764%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.483%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.768%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Less than 1 Year</td><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">1-3 Years</td><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">More than 3 Years</td><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands)</td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Deferred revenue</td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,798,139 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">460,673 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">(1)</td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">175,184 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">(1)</td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,433,996 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:6pt"><td colspan="3" style="background-color:#ffffff;border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td></tr></table></div><div style="margin-top:3pt;padding-left:27pt;text-indent:-18pt">(1) This amount is reported in Deferred profit on the Company's Consolidated Balance Sheets as the customers can demand the performance to be satisfied at any time.</div>

1798139000

460673000

175184000

2433996000

Equity-based Compensation Plan<div style="margin-top:4pt">The Company has stock plans that provide for grants of non-qualified equity-based awards of the Company’s Common Stock to eligible employees and non-employee directors, including stock options, service-based restricted stock units (“service-based RSUs”), and market-based performance restricted stock units (“market-based PRSUs”). An option is a right to purchase Common Stock at a set price. A restricted stock unit award is an agreement to issue a set number of shares of Common Stock at the time of vesting. The Company also has an employee stock purchase plan that allows eligible employees to purchase its Common Stock at a discount through payroll deductions.</div><div style="margin-top:10pt">The Lam Research Corporation 2015 Stock Incentive Plan, as amended, and the Lam Research Corporation 2025 Stock Incentive Plan (collectively the “Stock Plans”) were approved by the stockholders and provide for the grant of non-qualified equity-based awards to eligible employees, consultants, advisors, and non-employee directors of the Company and its subsidiaries. The 2025 Stock Incentive Plan was approved by shareholders on November 4, 2025 and authorizes up to 96.8 million shares available for issuance under the plan. Additionally, 62.8 million shares that remained available for grant under the Company’s 2015 Stock Incentive plan, as amended were added to the shares available for issuance under the 2025 Stock Incentive plan. As of June 28, 2026, 159.9 million shares remain available for future issuance under the Stock Plans to satisfy stock option exercises and vesting of awards.</div><div style="margin-top:10pt">The Company recognized the following equity-based compensation expense (including expense related to the employee stock purchase plan) and related income tax benefit in the Consolidated Statements of Operations: </div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:58.928%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.753%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.753%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.754%"></td><td style="width:0.1%"></td></tr><tr style="height:12pt"><td colspan="3" rowspan="2" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"></td><td colspan="15" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Year Ended</td></tr><tr style="height:23pt"><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 28, 2026</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 29, 2025</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 30, 2024</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"></td><td colspan="15" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands)</td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Equity-based compensation expense</td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">386,381 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">343,371 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">293,058 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Income tax benefit recognized related to equity-based compensation</td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">23,505 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">22,242 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">38,157 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Income tax benefit realized from the exercise and vesting of options and RSUs</td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">90,697 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">28,727 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">75,441 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:8pt"><td colspan="3" style="background-color:#ffffff;border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td></tr></table></div><div style="margin-top:5pt">The estimated fair value of the Company’s equity-based awards, less expected forfeitures, is amortized over the awards’ vesting terms on a straight-line basis.</div><div style="margin-top:9pt">Restricted Stock Units</div><div style="margin-top:4pt">During fiscal years 2026, 2025, and 2024, the Company issued both service-based RSUs and market-based PRSUs. Service-based RSUs typically vest annually over a period of 3 years or less. Market-based PRSUs generally vest three years from the grant date if certain performance and employment criteria are achieved. </div><div style="margin-top:10pt">For the market-based PRSUs granted in the 2026 and 2025 fiscal years, the number of shares that can be earned over the performance period is based on the Company’s total shareholder return (“TSR”) relative to other companies in the Philadelphia Semiconductor Index (“XSOX”), and ranges from 0% to 150% of target. Total shareholder return is a measure of stock price appreciation in the performance period, adjusted for the reinvestment of dividends. Relative TSR performance is measured using the average closing prices of each XSOX company for the 50-trading days prior to the dates the performance period begins and ends. The target number of shares is earned based on the percentile ranking of the Company’s TSR among the TSRs for the companies making up the XSOX Index. If the Company’s TSR is negative over the performance period, the payout will be capped at 100%, regardless of the percentile ranking.</div><div style="margin-top:10pt">For market-based PRSUs granted in the 2024 fiscal year, the number of shares that can be earned over the performance periods is based on the Company’s Common Stock price performance compared to the market price performance of the Philadelphia Semiconductor Total Return Index (“XSOX”), and ranges from 0% to 150% of target. The stock price performance or market price performance is measured using the average closing price for the 50-trading days prior to the dates the performance period begins and ends. The target number of shares represented by the market-based PRSUs is increased by 2% of target for each 1% that Common Stock price performance exceeds the market price performance of the designated benchmark index.</div><div style="margin-top:10pt">The following table summarizes the Company’s combined service-based RSUs and market-based PRSUs:</div><div style="margin-top:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:66.272%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.860%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.862%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Number of Shares (in thousands)</td><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Weighted-Average Grant Date Fair Value</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Outstanding, June 29, 2025</td><td colspan="2" style="padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">8,964 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:1.5pt 0;text-align:right;vertical-align:bottom">74.09 </td><td style="padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Granted</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,086 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">227.99 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Vested</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(4,706)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">64.37 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Forfeited or canceled</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(414)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">86.21 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Outstanding, June 28, 2026</td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">5,930 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">124.83 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:9pt"><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td></tr></table></div><div style="margin-top:5pt">Of the 5,930 thousand shares outstanding at June 28, 2026, 4,714 thousand are service-based RSUs and 1,216 thousand are market-based PRSUs. The fair value of the Company’s service-based RSUs was calculated based on the fair market value of the Company’s stock at the date of grant, discounted for dividends. The fair value of the Company’s market-based PRSUs granted during fiscal years 2026, 2025, and 2024 was calculated using a Monte Carlo simulation model at the date of the grant, resulting in a weighted average grant-date fair value per share of $283.38, $85.18, and $102.77, respectively. The total fair value of service-based RSUs and market-based RSUs that vested during fiscal years 2026, 2025, and 2024 was $293.7 million, $249.9 million, and $242.8 million, respectively.</div><div style="margin-bottom:10pt;margin-top:10pt"> As of June 28, 2026, the Company had $567.7 million of total unrecognized compensation expense which is expected to be recognized over a weighted-average remaining period of approximately 2.1 years.</div><div style="margin-top:9pt">Stock Options</div><div style="margin-top:4pt">The Company granted stock options with a 7-year maximum contractual term to a limited group of executive officers during fiscal years 2025 and 2024. No stock options were granted during fiscal year 2026. Stock options typically vest over a period of three years or less. The Company had 916 thousand options outstanding at June 28, 2026 with a weighted-average exercise price of $60.48 per share, of which 822 thousand were exercisable with a weighted-average exercise price of $56.28 per share. As of June 28, 2026, the Company had $2.6 million of total unrecognized compensation expense related to unvested stock options granted and outstanding which is expected to be recognized over a weighted-average remaining period of nine months.</div><div style="margin-top:9pt">ESPP</div><div style="margin-top:4pt">The Company has an employee stock purchase plan (the “ESPP”) which allows employees to designate a portion of their base compensation to be deducted and used to purchase the Company’s Common Stock at a purchase price per share of the lower of 85% of the fair market value of the Company’s Common Stock on the first or last day of the applicable purchase period. Typically, each offering period lasts 12 months and contains one interim purchase date.</div>During fiscal year 2026, approximately 2,552 thousand shares of the Company’s Common Stock were sold to employees under the ESPP. At June 28, 2026, approximately 45.8 million shares were available for purchase, and the Company had $69.9 million of total unrecognized compensation cost, which is expected to be recognized over a remaining period of approximately ten months.

96800000

62800000

159900000

<div style="margin-top:10pt">The Company recognized the following equity-based compensation expense (including expense related to the employee stock purchase plan) and related income tax benefit in the Consolidated Statements of Operations: </div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:58.928%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.753%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.753%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.754%"></td><td style="width:0.1%"></td></tr><tr style="height:12pt"><td colspan="3" rowspan="2" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"></td><td colspan="15" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Year Ended</td></tr><tr style="height:23pt"><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 28, 2026</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 29, 2025</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 30, 2024</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"></td><td colspan="15" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands)</td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Equity-based compensation expense</td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">386,381 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">343,371 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">293,058 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Income tax benefit recognized related to equity-based compensation</td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">23,505 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">22,242 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">38,157 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Income tax benefit realized from the exercise and vesting of options and RSUs</td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">90,697 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">28,727 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">75,441 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:8pt"><td colspan="3" style="background-color:#ffffff;border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td></tr></table></div>

386381000

343371000

293058000

23505000

22242000

38157000

90697000

28727000

75441000

P3Y

1.50

50 50

1.50

50 0.02 0.01

8964000

74.09

2086000

227.99

4706000

64.37

414000

86.21

5930000

124.83

5930000

4714000

1216000

283.38

85.18

102.77

293700000

249900000

242800000

567700000

P2Y1M6D

P7Y

P3Y

916000

60.48

822000

56.28

2600000

P9M

0.85

P12M 1

2552000

45800000

69900000

P10M

Other Income (Expense), Net<div style="margin-top:4pt">The significant components of Other income (expense), net, were as follows:</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:58.928%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.753%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.753%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.754%"></td><td style="width:0.1%"></td></tr><tr style="height:12pt"><td colspan="3" rowspan="2" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"></td><td colspan="15" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Year Ended</td></tr><tr style="height:23pt"><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 28, 2026</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 29, 2025</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 30, 2024</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands)</td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Interest income</td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">196,189 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">231,331 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">251,938 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Interest expense</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(156,884)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(178,203)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(185,236)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Gains on deferred compensation plan related assets, net</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">73,776 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">39,121 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">58,767 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Foreign exchange losses, net</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(30,082)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(26,412)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(4,837)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Other, net</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(20,321)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(8,676)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(24,323)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">62,678 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">57,161 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">96,309 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:9pt"><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td></tr></table></div><div style="margin-top:7pt">Interest income in fiscal year 2026 decreased compared to fiscal year 2025 primarily due to lower interest rates as well as an impact from slightly lower average invested cash balances versus the prior year. Interest income in fiscal year 2025 decreased compared to fiscal year 2024, primarily due to lower interest rates, partially offset by higher average cash balances.</div><div style="margin-top:10pt">Interest expense decreased in fiscal year 2026 compared to fiscal year 2025 primarily due to the maturity of $750.0 million of the Company’s Senior Notes in March 2026. Interest expense decreased in fiscal year 2025 compared to fiscal year 2024 primarily due to the maturity of $500.0 million of the Company’s Senior Notes in March 2025.</div><div style="margin-top:10pt">The gains on deferred compensation plan related assets, net in fiscal years 2026, 2025 and 2024 were driven by fluctuations in the fair market value of the underlying funds.</div><div style="margin-top:10pt">Foreign exchange fluctuations in fiscal years 2026, 2025 and 2024 were primarily due to currency movements against portions of our unhedged balance sheet exposures. </div>The variations in other, net for the year ended June 28, 2026 compared to the years ended June 29, 2025 and June 30, 2024 were primarily driven by fluctuations in the fair market value of equity investments.

<div style="margin-top:4pt">The significant components of Other income (expense), net, were as follows:</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:58.928%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.753%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.753%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.754%"></td><td style="width:0.1%"></td></tr><tr style="height:12pt"><td colspan="3" rowspan="2" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"></td><td colspan="15" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Year Ended</td></tr><tr style="height:23pt"><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 28, 2026</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 29, 2025</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 30, 2024</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands)</td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Interest income</td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">196,189 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">231,331 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">251,938 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Interest expense</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(156,884)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(178,203)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(185,236)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Gains on deferred compensation plan related assets, net</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">73,776 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">39,121 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">58,767 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Foreign exchange losses, net</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(30,082)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(26,412)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(4,837)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Other, net</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(20,321)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(8,676)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(24,323)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">62,678 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">57,161 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">96,309 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:9pt"><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td></tr></table></div>

196189000

231331000

251938000

156884000

178203000

185236000

73776000 39121000 58767000

-30082000

-26412000

-4837000

-20321000 -8676000 -24323000

62678000

57161000

96309000

750000000.0

500000000.0

Income Taxes <div style="margin-top:4pt">The components of income before income taxes were as follows:</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:58.928%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.753%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.753%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.754%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="15" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Year Ended</td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 28, 2026</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 29, 2025</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 30, 2024</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"></td><td colspan="15" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands)</td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">United States</td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">535,542 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">219,435 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">282,736 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Foreign</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">7,726,931 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">5,738,694 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,077,486 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">8,262,473 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,958,129 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">4,360,222 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:9pt"><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000000;padding:0 1pt"></td></tr></table></div><div>Significant components of the provision (benefit) for income taxes attributable to income before income taxes were as follows:</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:58.928%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.753%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.753%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.754%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="15" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Year Ended</td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 28, 2026</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 29, 2025</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 30, 2024</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"></td><td colspan="15" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands)</td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Federal:</td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Current</td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">959,341 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">701,819 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">566,106 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Deferred</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(270,392)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(372,783)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(186,238)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">688,949 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">329,036 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">379,868 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">State:</td><td colspan="3" style="background-color:#a6ddc9;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Current</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">28,697 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">22,979 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">20,081 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Deferred</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(5,645)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">12,448 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(15,118)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">23,052 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">35,427 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,963 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Foreign:</td><td colspan="3" style="background-color:#a6ddc9;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Current</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">298,100 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">238,363 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">143,595 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Deferred</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(13,024)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(2,914)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,024 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">285,076 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">235,449 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">147,619 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Total provision for income taxes</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">997,077 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">599,912 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">532,450 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:8pt"><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td></tr></table></div><div style="margin-top:5pt">Deferred income taxes reflect the net tax effect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes, as well as the tax effect of carryforwards. Significant components of the Company’s net deferred tax assets and liabilities were as follows:</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:66.272%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.860%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.862%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 28, 2026</td><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 29, 2025</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands)</td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Deferred tax assets:</td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:middle">Tax carryforwards</td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">470,727 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">431,533 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:middle">Allowances and reserves</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">281,612 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">260,266 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:middle">Outside basis differences of foreign subsidiaries</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,250,897 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,002,861 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:middle">R&D capitalization</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">126,910 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">96,594 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:middle">Operating lease liabilities</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">72,236 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">50,722 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:middle">Other</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">61,039 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">54,749 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Gross deferred tax assets</td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,263,421 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,896,725 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:middle">Valuation allowance</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(464,134)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(424,347)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Net deferred tax assets</td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,799,287 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,472,378 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Deferred tax liabilities:</td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:middle">Capital assets</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(146,147)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(129,145)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:middle">Right-of-use assets</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(72,236)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(50,722)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:middle">Other</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(17,144)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(17,472)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Gross deferred tax liabilities</td><td colspan="2" style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(235,527)</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(197,339)</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Net deferred tax assets</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,563,760 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,275,039 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:8pt"><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td></tr></table></div><div style="margin-top:10pt">Realization of the Company’s net deferred tax assets is based upon the weighting of available evidence, including such factors as the recent earnings history and expected future taxable income. The Company believes it is more likely than not that such deferred tax assets will be realized with the exception of $464.1 million primarily related to California deferred tax assets. At June 28, 2026, the Company continued to record a valuation allowance to offset the entire California deferred tax asset balance due to the single sales factor apportionment resulting in lower taxable income in California.</div><div style="margin-top:10pt">At June 28, 2026, the Company had state tax credit carryforwards of $705.6 million. Substantially all of these credits can be carried forward indefinitely.</div><div style="margin-top:10pt">The Company adopted ASU 2023-09 on a prospective basis beginning with the fiscal year ended June 28, 2026. The following table presents required disclosures pursuant to ASU 2023-09 and reconciles the U.S. federal statutory tax amount and rate to the Company’s Consolidated effective amount and rate for the year ended June 28, 2026:</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:76.724%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.753%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.517%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="9" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Year Ended</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="9" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 28, 2026</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Amount</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Percent</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Income tax expense computed at federal statutory rate</td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,735,119 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">21.0 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">State and local income taxes, net of federal income tax effect</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">12,265 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">0.2 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Foreign tax effects </td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 13pt;text-align:left;vertical-align:top">Malaysia</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 25pt;text-align:left;vertical-align:top">Statutory tax rate differential</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">223,945 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2.7 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 25pt;text-align:left;vertical-align:top">Incentive agreement</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(1,682,441)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(20.4)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 25pt;text-align:left;vertical-align:top">Other</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,784 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 13pt;text-align:left;vertical-align:top">Other foreign jurisdictions</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">12,426 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">0.2 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Effect of changes in tax laws or rates enacted in the current period</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">27,450 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">0.3 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Effect of cross-border tax laws</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 13pt;text-align:left;vertical-align:top">Global intangible low-taxed income</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">305,392 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3.7 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 13pt;text-align:left;vertical-align:top">Foreign income inclusions taxable at U.S. statutory rate - Subpart F</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">413,370 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">5.0 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 13pt;text-align:left;vertical-align:top">Other</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(1,241)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Tax credits</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 13pt;text-align:left;vertical-align:top">Research and development</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(108,401)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(1.3)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 13pt;text-align:left;vertical-align:bottom">Other</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(436)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Nontaxable or nondeductible items</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(82,024)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(1.0)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Changes in uncertain tax positions</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">136,674 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1.7 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Other adjustments</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,195 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Income tax expense, effective tax rate</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">997,077 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">12.1 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:9pt"><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:10pt">At June 28, 2026, the state and local income taxes in Oregon and Minnesota comprised the majority of the state and local income taxes, net of federal tax effect category.</div><div style="margin-top:10pt">The effect of cross-border tax laws category includes the benefit of foreign tax credits associated with foreign earnings subject to U.S. taxation. The Company presents this category on a net basis as the foreign tax credits directly offset the related U.S. tax liability.</div><div style="margin-top:10pt">The following table presents the required disclosures prior to the Company’s adoption of ASU 2023-09 and reconciles income tax expense provided at the federal statutory rate (21% in fiscal years 2025 and 2024) to actual income tax expense for the fiscal years ended June 29, 2025 and June 30, 2024.</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:72.487%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:11.753%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.754%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="9" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Year Ended</td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 29, 2025</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 30, 2024</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands)</td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Income tax expense computed at federal statutory rate</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,251,207 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">915,647 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">State income taxes, net of federal tax benefit</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(13,581)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(37,965)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Foreign income taxed at different rates</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(451,199)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(313,795)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Settlements and reductions in uncertain tax positions</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(266,805)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(18,947)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Tax credits</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(116,699)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(125,523)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">State valuation allowance, net of federal tax benefit</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">42,759 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">44,916 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Equity-based compensation</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">17,391 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(11,296)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Increases in uncertain tax positions </td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">138,029 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">62,333 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Other permanent differences and miscellaneous items</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(1,190)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">17,080 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">599,912 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">532,450 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:9pt"><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td></tr></table></div><div style="margin-top:10pt">Effective from fiscal year 2022, the Company has a 15-year tax incentive ruling in Malaysia for one of its foreign subsidiaries. The impact of the tax incentive decreased worldwide taxes by approximately $967.9 million, $584.8 million, and $416.3 million for fiscal years 2026, 2025, and 2024, respectively. The benefit of the tax incentive on diluted earnings per share was approximately $0.77, $0.45, and $0.32 in fiscal years 2026, 2025, and 2024, respectively.</div><div style="margin-top:10pt;text-align:justify">BEPS 2.0 GMT was fully effective for the Company this fiscal year. The Company assessed GMT under currently enacted legislation and determined that it met transitional safe harbor requirements in most jurisdictions, with limited jurisdictions subject to GMT. The Company assessed the impact and concluded that it was not material. The impact has been included within income tax expense for the twelve months ended June 28, 2026.</div><div style="margin-top:10pt;text-align:justify">On July 4, 2025, the OBBBA was signed into law by U.S. President Donald Trump. The impact on income taxes due to change in legislation is required, under ASC 740, Income Taxes, to be recognized in the period in which the law is enacted, which was this fiscal year. In general, the OBBBA introduced changes to U.S. taxation, including changes in the taxation of non-U.S. income. The Company assessed the changes and concluded that they were not material. The impact has been included within income tax expense for the twelve months ended June 28, 2026.</div><div style="margin-top:10pt">The Company’s gross uncertain tax positions were $864.1 million, $720.3 million, and $723.8 million as of June 28, 2026, June 29, 2025, and June 30, 2024, respectively. During fiscal year 2026, gross uncertain tax positions increased by $143.8 million. The amount of uncertain tax positions that, if recognized, would impact the effective tax rate was $735.5 million, $604.6 million, and $622.6 million, as of June 28, 2026, June 29, 2025, and June 30, 2024, respectively. </div><div style="margin-top:10pt">The aggregate changes in the balance of gross uncertain tax positions were as follows: </div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:82.939%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.861%"></td><td style="width:0.1%"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands)</td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Balance as of June 25, 2023</td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">640,172 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Settlements and effective settlements with tax authorities</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(9,548)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Lapse of statute of limitations</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(10,114)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Decreases in balances related to tax positions taken during prior periods</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(12,326)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Increases in balances related to tax positions taken during current period</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">115,600 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Balance as of June 30, 2024</td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">723,784 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Settlements and effective settlements with tax authorities</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(7,668)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Lapse of statute of limitations</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(211,696)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Increases in balances related to tax positions taken during prior periods</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">69,016 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Decreases in balances related to tax positions taken during prior periods</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(3,983)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Increases in balances related to tax positions taken during current period</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">150,868 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Balance as of June 29, 2025</td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">720,321 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Settlements and effective settlements with tax authorities</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(66,083)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Lapse of statute of limitations</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(15,904)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Increases in balances related to tax positions taken during prior periods</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,741 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Decreases in balances related to tax positions taken during prior periods</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(17,075)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Increases in balances related to tax positions taken during current period</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">239,149 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Balance as of June 28, 2026</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">864,149 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:8pt"><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td></tr></table></div><div style="margin-top:10pt">The Company had accrued $83.1 million, $86.3 million, and $105.7 million cumulatively for gross interest and penalties as of June 28, 2026, June 29, 2025, and June 30, 2024, respectively.</div><div style="margin-top:10pt">The Company is subject to audits by state and foreign tax authorities. The Company is unable to make a reasonable estimate as to when cash settlements, if any, with the relevant taxing authorities will occur.</div><div style="margin-top:10pt">The Company files U.S. federal, U.S. state, and foreign income tax returns. As of June 28, 2026, tax years 2005-2026 remain subject to examination in the jurisdictions where the Company operates.</div><div style="margin-top:10pt">The Internal Revenue Service (“IRS”) examined the Company’s U.S. federal income tax returns for the fiscal years ended June 30, 2019, June 28, 2020, and June 27, 2021. As of June 2026, the IRS proposed adjustments that were not significant, which the Company agreed to and paid.</div><div style="margin-top:10pt">As a result of the adoption of ASU 2023-09, the Company has included the following table reconciling income taxes paid (net of refunds received):</div><div style="margin-top:10pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:86.046%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.754%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Year Ended</td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 28, 2026</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Cash payment for income taxes (net of refunds received)</td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands)</td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 13pt;text-align:left;vertical-align:bottom">Federal</td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,128,278 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 13pt;text-align:left;vertical-align:bottom">State</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">24,056 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 13pt;text-align:left;vertical-align:bottom">Foreign</td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:bottom">Korea</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">91,862 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:bottom">Other</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">89,800 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Total cash payments for income taxes (net of refunds received)</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,333,996 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:9pt"><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:10pt">Total cash payments for income taxes (net of refunds received) was $972.5 million and $991.8 million, as of June 29, 2025 and June 30, 2024, respectively.</div>

<div style="margin-top:4pt">The components of income before income taxes were as follows:</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:58.928%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.753%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.753%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.754%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="15" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Year Ended</td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 28, 2026</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 29, 2025</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 30, 2024</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"></td><td colspan="15" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands)</td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">United States</td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">535,542 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">219,435 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">282,736 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Foreign</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">7,726,931 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">5,738,694 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,077,486 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">8,262,473 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,958,129 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">4,360,222 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:9pt"><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000000;padding:0 1pt"></td></tr></table></div>

535542000

219435000

282736000

7726931000

5738694000

4077486000

8262473000

5958129000

4360222000

<div>Significant components of the provision (benefit) for income taxes attributable to income before income taxes were as follows:</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:58.928%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.753%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.753%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.754%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="15" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Year Ended</td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 28, 2026</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 29, 2025</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 30, 2024</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"></td><td colspan="15" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands)</td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Federal:</td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Current</td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">959,341 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">701,819 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">566,106 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Deferred</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(270,392)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(372,783)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(186,238)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">688,949 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">329,036 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">379,868 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">State:</td><td colspan="3" style="background-color:#a6ddc9;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Current</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">28,697 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">22,979 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">20,081 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Deferred</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(5,645)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">12,448 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(15,118)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">23,052 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">35,427 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,963 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Foreign:</td><td colspan="3" style="background-color:#a6ddc9;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Current</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">298,100 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">238,363 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">143,595 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Deferred</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(13,024)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(2,914)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,024 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">285,076 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">235,449 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">147,619 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Total provision for income taxes</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">997,077 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">599,912 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">532,450 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:8pt"><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td></tr></table></div>

959341000

701819000

566106000

-270392000

-372783000

-186238000

688949000

329036000

379868000

28697000

22979000

20081000

-5645000

12448000

-15118000

23052000

35427000

4963000

298100000

238363000

143595000

-13024000

-2914000

4024000

285076000

235449000

147619000

997077000

599912000

532450000

Significant components of the Company’s net deferred tax assets and liabilities were as follows:<div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:66.272%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.860%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.862%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 28, 2026</td><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 29, 2025</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands)</td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Deferred tax assets:</td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:middle">Tax carryforwards</td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">470,727 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">431,533 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:middle">Allowances and reserves</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">281,612 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">260,266 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:middle">Outside basis differences of foreign subsidiaries</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,250,897 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,002,861 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:middle">R&D capitalization</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">126,910 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">96,594 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:middle">Operating lease liabilities</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">72,236 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">50,722 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:middle">Other</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">61,039 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">54,749 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Gross deferred tax assets</td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,263,421 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,896,725 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:middle">Valuation allowance</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(464,134)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(424,347)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Net deferred tax assets</td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,799,287 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,472,378 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Deferred tax liabilities:</td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:middle">Capital assets</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(146,147)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(129,145)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:middle">Right-of-use assets</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(72,236)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(50,722)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:middle">Other</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(17,144)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(17,472)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Gross deferred tax liabilities</td><td colspan="2" style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(235,527)</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(197,339)</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:middle">Net deferred tax assets</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,563,760 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,275,039 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:8pt"><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td></tr></table></div>

470727000

431533000

281612000

260266000

1250897000

1002861000

126910000

96594000

72236000 50722000

61039000

54749000

2263421000

1896725000

464134000

424347000

1799287000

1472378000

146147000 129145000 72236000 50722000

17144000

17472000

235527000

197339000

1563760000

1275039000

464100000

705600000

The following table presents required disclosures pursuant to ASU 2023-09 and reconciles the U.S. federal statutory tax amount and rate to the Company’s Consolidated effective amount and rate for the year ended June 28, 2026:<div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:76.724%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.753%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.517%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="9" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Year Ended</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="9" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 28, 2026</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Amount</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Percent</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Income tax expense computed at federal statutory rate</td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,735,119 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">21.0 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">State and local income taxes, net of federal income tax effect</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">12,265 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">0.2 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Foreign tax effects </td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 13pt;text-align:left;vertical-align:top">Malaysia</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 25pt;text-align:left;vertical-align:top">Statutory tax rate differential</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">223,945 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2.7 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 25pt;text-align:left;vertical-align:top">Incentive agreement</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(1,682,441)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(20.4)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 25pt;text-align:left;vertical-align:top">Other</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,784 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 13pt;text-align:left;vertical-align:top">Other foreign jurisdictions</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">12,426 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">0.2 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Effect of changes in tax laws or rates enacted in the current period</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">27,450 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">0.3 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Effect of cross-border tax laws</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 13pt;text-align:left;vertical-align:top">Global intangible low-taxed income</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">305,392 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3.7 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 13pt;text-align:left;vertical-align:top">Foreign income inclusions taxable at U.S. statutory rate - Subpart F</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">413,370 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">5.0 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 13pt;text-align:left;vertical-align:top">Other</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(1,241)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Tax credits</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 13pt;text-align:left;vertical-align:top">Research and development</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(108,401)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(1.3)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 13pt;text-align:left;vertical-align:bottom">Other</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(436)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Nontaxable or nondeductible items</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(82,024)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(1.0)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Changes in uncertain tax positions</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">136,674 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1.7 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Other adjustments</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,195 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Income tax expense, effective tax rate</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">997,077 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">12.1 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:9pt"><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:10pt">At June 28, 2026, the state and local income taxes in Oregon and Minnesota comprised the majority of the state and local income taxes, net of federal tax effect category.</div><div style="margin-top:10pt">The effect of cross-border tax laws category includes the benefit of foreign tax credits associated with foreign earnings subject to U.S. taxation. The Company presents this category on a net basis as the foreign tax credits directly offset the related U.S. tax liability.</div><div style="margin-top:10pt">The following table presents the required disclosures prior to the Company’s adoption of ASU 2023-09 and reconciles income tax expense provided at the federal statutory rate (21% in fiscal years 2025 and 2024) to actual income tax expense for the fiscal years ended June 29, 2025 and June 30, 2024.</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:72.487%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:11.753%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.754%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="9" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Year Ended</td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 29, 2025</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 30, 2024</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands)</td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Income tax expense computed at federal statutory rate</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,251,207 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">915,647 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">State income taxes, net of federal tax benefit</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(13,581)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(37,965)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Foreign income taxed at different rates</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(451,199)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(313,795)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Settlements and reductions in uncertain tax positions</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(266,805)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(18,947)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Tax credits</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(116,699)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(125,523)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">State valuation allowance, net of federal tax benefit</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">42,759 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">44,916 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Equity-based compensation</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">17,391 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(11,296)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Increases in uncertain tax positions </td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">138,029 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">62,333 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Other permanent differences and miscellaneous items</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(1,190)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">17,080 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">599,912 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">532,450 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:9pt"><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td></tr></table></div>

1735119000

0.210

12265000

0.002

223945000

0.027

-1682441000 -0.204

2784000

12426000

0.002

27450000

0.003

305392000

0.037

413370000 0.050

-1241000

108401000

0.013

436000

-82024000

-0.010

136674000

0.017

2195000

997077000

0.121

1251207000

915647000

-13581000

-37965000

-451199000

-313795000

-266805000

-18947000

116699000

125523000

42759000

44916000

17391000

-11296000

138029000

62333000

-1190000

17080000

599912000

532450000

P15Y 967900000 584800000 416300000 0.77 0.45 0.32

864100000

720300000

723800000

143800000

735500000

604600000

622600000

<div style="margin-top:10pt">The aggregate changes in the balance of gross uncertain tax positions were as follows: </div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:82.939%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.861%"></td><td style="width:0.1%"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands)</td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Balance as of June 25, 2023</td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">640,172 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Settlements and effective settlements with tax authorities</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(9,548)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Lapse of statute of limitations</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(10,114)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Decreases in balances related to tax positions taken during prior periods</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(12,326)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Increases in balances related to tax positions taken during current period</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">115,600 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Balance as of June 30, 2024</td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">723,784 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Settlements and effective settlements with tax authorities</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(7,668)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Lapse of statute of limitations</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(211,696)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Increases in balances related to tax positions taken during prior periods</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">69,016 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Decreases in balances related to tax positions taken during prior periods</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(3,983)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Increases in balances related to tax positions taken during current period</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">150,868 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Balance as of June 29, 2025</td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">720,321 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Settlements and effective settlements with tax authorities</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(66,083)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Lapse of statute of limitations</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(15,904)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Increases in balances related to tax positions taken during prior periods</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,741 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Decreases in balances related to tax positions taken during prior periods</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(17,075)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Increases in balances related to tax positions taken during current period</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">239,149 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Balance as of June 28, 2026</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">864,149 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:8pt"><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td></tr></table></div>

640172000

9548000

10114000

12326000

115600000

723784000

7668000

211696000

69016000

3983000

150868000

720321000

66083000

15904000

3741000

17075000

239149000

864149000

83100000

86300000

105700000

<div style="margin-top:10pt">As a result of the adoption of ASU 2023-09, the Company has included the following table reconciling income taxes paid (net of refunds received):</div><div style="margin-top:10pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:86.046%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.754%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Year Ended</td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 28, 2026</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Cash payment for income taxes (net of refunds received)</td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands)</td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 13pt;text-align:left;vertical-align:bottom">Federal</td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,128,278 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 13pt;text-align:left;vertical-align:bottom">State</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">24,056 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 13pt;text-align:left;vertical-align:bottom">Foreign</td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:bottom">Korea</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">91,862 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:bottom">Other</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">89,800 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Total cash payments for income taxes (net of refunds received)</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,333,996 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:9pt"><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div>

1128278000

24056000

91862000

89800000

1333996000

972500000

991800000

Net Income per Share<div style="margin-top:4pt">Basic net income per share is computed by dividing net income by the weighted-average number of common shares outstanding during the period. Diluted net income per share is computed using the treasury stock method, for dilutive stock options, and restricted stock units. </div><div style="margin-top:10pt">The following table reconciles the inputs to the basic and diluted computations for net income per share. </div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:58.928%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.753%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.753%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.754%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" rowspan="2" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"></td><td colspan="15" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Year Ended</td><td colspan="3" style="display:none"></td></tr><tr style="height:23pt"><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 28, 2026</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 29, 2025</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 30, 2024</td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"></td><td colspan="15" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands, except per share data)</td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Numerator:</td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Net income</td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">7,265,396 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,358,217 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,827,772 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Denominator:</td><td colspan="3" style="background-color:#a6ddc9;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Basic average shares outstanding</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,255,079 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,286,101 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,314,102 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Effect of potential dilutive securities:</td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;vertical-align:top">Employee stock plans</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">6,023 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,041 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">5,847 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Diluted average shares outstanding</td><td colspan="2" style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,261,102 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,290,142 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,319,949 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Net income per share - basic</td><td style="background-color:#ffffff;border-top:3pt double #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:3pt double #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">5.79 </td><td style="background-color:#ffffff;border-top:3pt double #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:3pt double #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:3pt double #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">4.17 </td><td style="background-color:#ffffff;border-top:3pt double #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:3pt double #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:3pt double #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">2.91 </td><td style="background-color:#ffffff;border-top:3pt double #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Net income per share - diluted</td><td style="background-color:#a6ddc9;border-top:3pt double #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-top:3pt double #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">5.76 </td><td style="background-color:#a6ddc9;border-top:3pt double #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;border-top:3pt double #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-top:3pt double #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">4.15 </td><td style="background-color:#a6ddc9;border-top:3pt double #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;border-top:3pt double #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-top:3pt double #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">2.90 </td><td style="background-color:#a6ddc9;border-top:3pt double #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr style="height:9pt"><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr></table></div>For purposes of computing diluted net income per share, weighted-average common shares do not include potentially dilutive securities that are anti-dilutive under the treasury stock method. These anti-dilutive securities, including options, service-based RSUs, and market-based PRSUs, were not material for fiscal years ended June 28, 2026, June 29, 2025, and June 30, 2024.

<div style="margin-top:10pt">The following table reconciles the inputs to the basic and diluted computations for net income per share. </div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:58.928%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.753%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.753%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.754%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" rowspan="2" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"></td><td colspan="15" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Year Ended</td><td colspan="3" style="display:none"></td></tr><tr style="height:23pt"><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 28, 2026</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 29, 2025</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 30, 2024</td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"></td><td colspan="15" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands, except per share data)</td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Numerator:</td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Net income</td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">7,265,396 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,358,217 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,827,772 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Denominator:</td><td colspan="3" style="background-color:#a6ddc9;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Basic average shares outstanding</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,255,079 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,286,101 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,314,102 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Effect of potential dilutive securities:</td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 37pt;text-align:left;vertical-align:top">Employee stock plans</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">6,023 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,041 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">5,847 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Diluted average shares outstanding</td><td colspan="2" style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,261,102 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,290,142 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,319,949 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Net income per share - basic</td><td style="background-color:#ffffff;border-top:3pt double #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:3pt double #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">5.79 </td><td style="background-color:#ffffff;border-top:3pt double #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:3pt double #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:3pt double #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">4.17 </td><td style="background-color:#ffffff;border-top:3pt double #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:3pt double #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:3pt double #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">2.91 </td><td style="background-color:#ffffff;border-top:3pt double #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Net income per share - diluted</td><td style="background-color:#a6ddc9;border-top:3pt double #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-top:3pt double #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">5.76 </td><td style="background-color:#a6ddc9;border-top:3pt double #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;border-top:3pt double #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-top:3pt double #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">4.15 </td><td style="background-color:#a6ddc9;border-top:3pt double #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;border-top:3pt double #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-top:3pt double #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">2.90 </td><td style="background-color:#a6ddc9;border-top:3pt double #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr style="height:9pt"><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr></table></div>

7265396000

5358217000

3827772000

1255079000

1286101000

1314102000

6023000

4041000

5847000

1261102000

1290142000

1319949000

5.79

4.17

2.91

5.76

4.15

2.90

Financial Instruments<div style="margin-top:4pt">Fair Value</div><div style="margin-top:4pt">The Company defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required or permitted to be recorded at fair value, the Company considers the principal or most advantageous market in which it would transact, and it considers assumptions that market participants would use when pricing the asset or liability.</div><div style="margin-top:10pt">A fair value hierarchy has been established that prioritizes the inputs to valuation techniques used to measure fair value. The level of an asset or liability in the hierarchy is based on the lowest level of input that is significant to the fair value measurement. Assets and liabilities carried at fair value are classified and disclosed in one of the following three categories:</div><div style="margin-top:10pt">Level 1: Valuations based on quoted prices in active markets for identical assets or liabilities with sufficient volume and frequency of transactions.</div><div> </div><div>Level 2: Valuations based on observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active for identical assets or liabilities, or model-derived valuations techniques for which all significant inputs are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities.</div><div style="margin-top:10pt">Level 3: Valuations based on unobservable inputs to the valuation methodology that are significant to the measurement of fair value of assets or liabilities and based on non-binding, broker-provided price quotes and may not have been corroborated by observable market data.</div><div style="margin-top:10pt">The Company engages with pricing vendors to provide fair values for a majority of its Level 1 investments. The vendors provide either a quoted market price or use observable inputs without applying significant adjustments in their pricing. Significant observable inputs include interest rates and yield curves observable at commonly quoted intervals, volatility and credit risks. The fair value of derivative contracts is determined using observable market inputs such as the foreign currency rates, forward rate curves, currency volatility and interest rates and considers nonperformance risk of the Company and its counterparties.</div><div style="margin-top:10pt">The Company’s primary financial instruments include its cash, cash equivalents, long-term investments, accounts receivable, accounts payable, long-term debt and leases, and foreign currency related derivative instruments. The estimated fair value of cash, time deposits, accounts receivable, and accounts payable approximates their carrying value due to the short period of time to their maturities. The estimated fair values of lease obligations approximate their carrying value as the majority of these obligations are generally short-term in nature and have interest rates that reset upon renewal or modification. Refer to <a href="#i95ad399254054df79c82b5a322a4d3fd_124" style="color:#474c59;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:underline">Note 14: Long Term Debt and Other Borrowings</a> for additional information regarding the fair value of the Company’s Senior Notes.</div><div style="margin-top:5pt">The Company accounts for its investment portfolio at fair value. Realized gains (losses) for investment sales are specifically identified. Management assesses the fair value of investments in debt securities that are not actively traded through consideration of interest rates and their impact on the present value of the cash flows to be received from the investments. </div><div style="margin-top:10pt">The Company evaluates its investments with fair value less than amortized cost by first considering whether the Company has the intent to sell the security or whether it is more likely than not that the Company will be required to sell the security before recovery of its amortized cost basis. In either such situation, the difference between fair value and amortized cost is recognized as a loss in the Consolidated Statement of Operations. Where such sales are not likely to occur, the Company considers whether a portion of the loss is the result of a credit loss. To the extent such losses are the result of credit losses, those amounts are recognized in the Consolidated Statement of Operations. All other differences between fair value and amortized cost are recognized in other comprehensive income. No such losses were recognized through the Consolidated Statement of Operations during the twelve months ended June 28, 2026, June 29, 2025, and June 30, 2024.</div><div style="margin-top:9pt">Investments</div><div style="margin-top:6pt">Investments are recorded within Prepaid expenses and other current assets in the Company’s Consolidated Balance Sheets. As of June 28, 2026 and June 29, 2025, the fair value, and associated unrealized loss positions, if any, of mutual funds and equity investments were not material. Gross realized gains/(losses) from sales of investments were insignificant in fiscal years 2026, 2025, and 2024.</div><div style="margin-top:6pt">The financial instruments reported within Cash and cash equivalents in the Company’s Consolidated Balance Sheets as of June 28, 2026, and June 29, 2025 consisted of the following:</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:66.272%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.860%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.862%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 28, 2026</td><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 29, 2025</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands)</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Money market funds (fair value measured on a recurring basis, level 1)</td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,015,275 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,151,084 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Cash</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,071,271 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,662,236 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Time deposits</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,492,625 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,577,339 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:bottom">Total</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,579,171 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">6,390,659 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:9pt"><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td></tr></table></div><div style="margin-top:10pt">Derivative Instruments and Hedging</div><div style="margin-top:4pt">The Company carries derivative financial instruments (“derivatives”) on its Consolidated Balance Sheets at their fair values. The Company enters into foreign currency forward contracts and foreign currency options with financial institutions with the primary objective of reducing volatility of earnings and cash flows related to foreign currency exchange rate fluctuations. In addition, the Company enters into interest rate swap arrangements to manage interest rate risk. The counterparties to these derivatives are large, global financial institutions that the Company believes are creditworthy, and therefore, it does not consider the risk of counterparty nonperformance to be material.</div><div style="margin-top:10pt">Cash Flow Hedges</div><div style="margin-top:4pt">As of June 28, 2026 and June 29, 2025, the fair value of outstanding cash flow hedges was not material. The effect of derivative instruments designated as cash flow hedges on the Company’s Consolidated Statements of Operations, including accumulated other comprehensive income, was not material as of and for the twelve months ended June 28, 2026 and June 29, 2025. As of June 28, 2026, the Company had an immaterial net gain or loss accumulated in other comprehensive income, net of tax, related to foreign exchange cash flow hedges and interest rate contracts which it expects to reclassify from other comprehensive income into earnings over the next 12 months. The total notional value of cash flow hedge instruments outstanding as of June 28, 2026 included $615.4 million of buy contracts and $438.5 million of sell contracts.</div><div style="margin-top:10pt">Balance Sheet Derivative Instruments</div><div style="margin-top:4pt">As of June 28, 2026 and June 29, 2025, the fair value of outstanding balance sheet derivative instruments was not material. The effect of the Company’s balance sheet derivative instruments on the Company’s Consolidated Statements of Operations were not material as of and for the twelve months ended June 28, 2026. The total notional value of balance sheet derivative instruments outstanding as of June 28, 2026 included $359.6 million of buy contracts and $576.2 million of sell contracts.</div><div> </div><div>Concentrations of Credit Risk</div><div style="margin-top:4pt">Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents, trade accounts receivable, and derivative financial instruments used in hedging activities. Cash is placed on deposit at large, global financial institutions. Such deposits may be in excess of insured limits. Management believes that the financial institutions that hold the Company’s cash are creditworthy and, accordingly, minimal credit risk exists with respect to these balances. To ensure diversification and minimize concentration, the Company’s policy limits the amount of credit exposure with any one financial institution.</div><div style="margin-top:10pt">The Company is exposed to credit losses in the event of nonperformance by counterparties on foreign currency and interest rate hedge contracts that are used to mitigate the effect of exchange rate and interest rate fluctuations and on contracts related to structured share repurchase arrangements. These counterparties are large, global financial institutions and, to date, no such counterparty has failed to meet its financial obligations to the Company.</div><div style="margin-top:10pt">Credit risk evaluations, including trade references, bank references, and Dun & Bradstreet ratings, are performed on all new customers, and the Company monitors its customers’ financial condition and payment performance. In general, the Company does not require collateral on sales.</div><div style="margin-top:10pt">As of June 28, 2026, five customers accounted for approximately 20%, 16%, 15%, 11%, and 10% of accounts receivable, respectively. As of June 29, 2025, three customers accounted for approximately 19%, 15%, and 12% of accounts receivable, respectively. No other customers accounted for 10% or more of accounts receivable. The Company’s balance and transactional activity for its allowance for doubtful accounts is not material as of and for the years ended June 28, 2026, June 29, 2025, and June 30, 2024. Refer to <a href="#i95ad399254054df79c82b5a322a4d3fd_139" style="color:#474c59;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:underline">Note 19: Segment, Geographic Information, and Major Customers</a> for additional information regarding customer concentrations.</div>

<div style="margin-top:6pt">The financial instruments reported within Cash and cash equivalents in the Company’s Consolidated Balance Sheets as of June 28, 2026, and June 29, 2025 consisted of the following:</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:66.272%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.860%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.862%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 28, 2026</td><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 29, 2025</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands)</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Money market funds (fair value measured on a recurring basis, level 1)</td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,015,275 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,151,084 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Cash</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,071,271 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,662,236 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Time deposits</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,492,625 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,577,339 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:bottom">Total</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,579,171 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">6,390,659 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:9pt"><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td></tr></table></div>

2015275000

3151084000

2071271000

1662236000

1492625000

1577339000

5579171000

6390659000

P12M

615400000

438500000

359600000

576200000

0.20

0.16

0.15

0.11

0.10

0.19

0.15

0.12

Inventories<div style="margin-top:4pt">Inventories are stated at the lower of cost or net realizable value using standard costs that approximate actual costs on a first-in, first-out basis. Inventories consist of the following: </div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:66.272%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.860%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.862%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 28, 2026</td><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 29, 2025</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands)</td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Raw materials</td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,551,150 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,662,248 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Work-in-process</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">449,669 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">282,885 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Finished goods</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,275,292 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,362,858 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">4,276,111 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">4,307,991 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:9pt"><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td></tr></table></div>

Inventories consist of the following: <div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:66.272%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.860%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.862%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 28, 2026</td><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 29, 2025</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands)</td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Raw materials</td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,551,150 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,662,248 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Work-in-process</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">449,669 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">282,885 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Finished goods</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,275,292 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,362,858 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">4,276,111 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">4,307,991 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:9pt"><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td></tr></table></div>

2551150000

2662248000

449669000

282885000

1275292000

1362858000

4276111000

4307991000

Property and Equipment<div style="margin-top:4pt">Property and equipment, net, is presented in the table below. </div><div style="margin-top:10pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:66.272%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.860%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.862%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 28, 2026</td><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 29, 2025</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands)</td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Manufacturing and engineering equipment</td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,559,970 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,219,207 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Buildings and improvements</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,289,208 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,914,570 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Computer and computer-related equipment</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">192,354 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">182,439 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Land</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">264,507 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">166,207 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Office equipment, furniture and fixtures</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">114,797 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">92,740 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">5,420,836 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,575,163 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Less: accumulated depreciation and amortization</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(2,484,833)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(2,169,641)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,936,003 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,405,522 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:9pt"><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td></tr></table></div>The Company has excluded an immaterial value of finance right of use assets recorded within property and equipment, net from the table above. Depreciation expense during fiscal years 2026, 2025, and 2024 was $383.9 million, $329.5 million, and $299.0 million, respectively.

<div style="margin-top:4pt">Property and equipment, net, is presented in the table below. </div><div style="margin-top:10pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:66.272%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.860%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.862%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 28, 2026</td><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 29, 2025</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands)</td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Manufacturing and engineering equipment</td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,559,970 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,219,207 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Buildings and improvements</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,289,208 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,914,570 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Computer and computer-related equipment</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">192,354 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">182,439 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Land</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">264,507 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">166,207 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Office equipment, furniture and fixtures</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">114,797 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">92,740 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">5,420,836 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,575,163 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Less: accumulated depreciation and amortization</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(2,484,833)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(2,169,641)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,936,003 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,405,522 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:9pt"><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td></tr></table></div>

2559970000

2219207000

2289208000

1914570000

192354000

182439000

264507000

166207000

114797000

92740000

5420836000

4575163000

2484833000

2169641000

2936003000

2405522000

383900000

329500000

299000000.0

Goodwill and Intangible Assets<div style="margin-top:4pt">Goodwill</div><div style="margin-top:4pt">The balance of goodwill was $1.63 billion as of June 28, 2026 and June 29, 2025, respectively. As of June 28, 2026 and June 29, 2025, $86.9 million and $78.9 million, respectively, of the goodwill balance is tax deductible, and the remaining balance is not tax deductible due to purchase accounting and applicable foreign law. No goodwill impairments were recognized in fiscal years 2026, 2025, or 2024. </div><div style="margin-top:9pt">Intangible Assets</div><div style="margin-top:4pt">The balance of intangible assets as of June 28, 2026 and June 29, 2025 were $269.3 million and $182.2 million, respectively, consisting primarily of capitalized software. The effect of intangible assets on the Company’s Consolidated Statement of Operations, including amortization and impairment, if any, was not material for fiscal years 2026, 2025, and 2024.</div>

1630000000

86900000

78900000

269300000

182200000

Accrued Expenses and Other Current Liabilities<div style="margin-top:4pt">Accrued expenses and other current liabilities consist of the following: </div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:66.272%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.860%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.862%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 28, 2026</td><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 29, 2025</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands)</td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Accrued compensation</td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">695,498 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">618,370 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Warranty reserves</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">270,044 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">248,783 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Income and other taxes payable</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">263,205 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">541,426 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Dividend payable</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">325,402 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">291,981 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Other</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">797,392 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">693,806 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,351,541 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,394,366 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:9pt"><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td></tr></table></div>

<div style="margin-top:4pt">Accrued expenses and other current liabilities consist of the following: </div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:66.272%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.860%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.862%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 28, 2026</td><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 29, 2025</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands)</td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Accrued compensation</td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">695,498 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">618,370 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Warranty reserves</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">270,044 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">248,783 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Income and other taxes payable</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">263,205 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">541,426 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Dividend payable</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">325,402 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">291,981 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Other</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">797,392 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">693,806 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,351,541 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,394,366 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:9pt"><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td></tr></table></div>

695498000

618370000

270044000

248783000

263205000

541426000

325402000

291981000

797392000

693806000

2351541000

2394366000

Long Term Debt and Other Borrowings<div style="margin-top:4pt">As of June 28, 2026, and June 29, 2025, the Company’s outstanding debt consisted of the following:</div><div style="margin-top:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:55.397%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.493%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.624%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.385%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.059%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.493%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.624%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.825%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="9" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 28, 2026</td><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="9" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 29, 2025</td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Amount (in thousands)</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Effective Interest Rate</td><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Amount (in thousands)</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Effective Interest Rate</td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Fixed-rate 3.125% Senior Note Due June 15, 2060 ("2060 Notes")</div></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">500,000 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3.18 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">500,000 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3.18 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Fixed-rate 2.875% Senior Note Due June 15, 2050 ("2050 Notes")</div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">750,000 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2.93 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">750,000 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2.93 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Fixed-rate 4.875% Senior Notes Due March 15, 2049 ("2049 Notes")</div></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">750,000 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4.93 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">750,000 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4.93 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Fixed-rate 1.90% Senior Note Due June 15, 2030 ("2030 Notes")</div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">750,000 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2.01 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">750,000 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2.01 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Fixed-rate 4.00% Senior Notes Due March 15, 2029 ("2029 Notes")</div></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,000,000 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4.09 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,000,000 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4.09 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Fixed-rate 3.75% Senior Notes Due March 15, 2026 ("2026 Notes")</div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3.86 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">750,000 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3.86 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 12.25pt;text-align:left;vertical-align:bottom">Total Senior Notes outstanding, at par</td><td colspan="2" style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,750,000 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,500,000 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Unamortized discount</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(23,854)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(26,428)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Unamortized bond issuance costs</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(4,232)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(4,774)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Other financing arrangements</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">147 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">566 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 12.25pt;text-align:left;vertical-align:bottom">Total debt outstanding, at carrying value</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,722,061 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">4,469,364 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Reported as:</td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Current portion of long-term debt</td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">147 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">749,670 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Long-term debt</td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,721,914 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,719,694 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:8pt"><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr></table></div><div> </div><div style="margin-top:10pt">The Company’s contractual cash obligations relating to its outstanding debt as of June 28, 2026, were as follows: </div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:66.272%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.860%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.862%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Payments Due by Fiscal Year:</td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Principal</td><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Interest</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands)</td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">2027</td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">128,000 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">2028</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">128,000 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">2029</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,000,000 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">116,333 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">2030</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">750,000 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">87,406 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">2031</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">73,750 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Thereafter</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,000,000 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,508,724 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Total</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,750,000 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,042,213 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:9pt"><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td></tr></table></div><div style="margin-top:4pt">Senior Notes</div><div style="margin-top:4pt">On May 5, 2020, the Company completed a public offering of $750.0 million aggregate principal amount of the Company’s Senior Notes due June 15, 2030 (the “2030 Notes”), $750.0 million aggregate principal amount of the Company’s Senior Notes due June 15, 2050 (the “2050 Notes”), and $500.0 million aggregate principal amount of the Company’s Senior Notes due June 15, 2060 (the “2060 Notes”). The Company pays interest at an annual rate of 1.90%, 2.875%, and 3.125%, on the 2030, 2050, and 2060 Notes, respectively, on a semi-annual basis on June 15 and December 15 of each year.</div><div style="margin-top:10pt">On March 4, 2019, the Company completed a public offering of $750.0 million aggregate principal amount of the Company’s Senior Notes due March 15, 2026 (the “2026 Notes”), $1.00 billion aggregate principal amount of the Company’s Senior Notes due March 15, 2029 (the “2029 Notes”), and $750.0 million aggregate principal amount of the Company’s Senior Notes due March 15, 2049 (the “2049 Notes”). The Company pays interest at an annual rate of 4.00% and 4.875%, on the 2029 and 2049 Notes, respectively, on a semi-annual basis on March 15 and September 15 of each year. The 2026 Notes were settled upon maturity during the three months ended March 29, 2026.</div><div style="margin-top:10pt">The Company may redeem the 2029, 2030, 2049, 2050, and 2060 Notes (collectively the “Senior Notes”) at a redemption price equal to 100% of the principal amount of such series (“par”), plus a “make whole” premium as described in the indenture in respect to the Senior Notes and accrued and unpaid interest before December 15, 2028 for the 2029 Notes, before March 15, 2030 for the 2030 Notes, before September 15, 2048 for the 2049 Notes, before December 15, 2049 for the 2050 Notes, and before December 15, 2059 for the 2060 Notes. The Company may redeem the Senior Notes at par, plus accrued and unpaid interest at any time on or after December 15, 2028 for the 2029 Notes, on or after March 15, 2030 for the 2030 Notes, on or after September 15, 2048 for the 2049 Notes, on or after December 15, 2049 for the 2050 Notes, and on or after December 15, 2059 for the 2060 Notes. In addition, upon the occurrence of certain events, as described in the indenture, the Company will be required to make an offer to repurchase the Senior Notes at a price equal to 101% of the principal amount of the respective note, plus accrued and unpaid interest.</div><div style="margin-top:10pt">Selected additional information regarding the Senior Notes outstanding as of June 28, 2026, is as follows: </div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:66.272%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.860%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.862%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Remaining Amortization period</td><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Fair Value of Notes (Level 2)</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(years)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands)</td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">2060 Notes</td><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">34.0</td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">315,050 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">2050 Notes</td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">24.0</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">486,450 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">2049 Notes</td><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">22.7</td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">689,933 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">2030 Notes</td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">4.0</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">680,130 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 1pt;text-align:left;vertical-align:top">2029 Notes</td><td colspan="3" style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2.7</td><td colspan="3" style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 0;text-align:right;vertical-align:bottom">990,020 </td><td style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:10pt">Revolving Credit Facility</div><div style="margin-top:4pt">On March 12, 2014, the Company established an unsecured Credit Agreement. This agreement was amended on November 10, 2015 (the “Amended and Restated Credit Agreement”), October 13, 2017 (the “2nd Amendment”), February 25, 2019 (the “3rd Amendment”), June 17, 2021 (the “Second Amended and Restated Credit Agreement”), December 7, 2022 (“Amendment No.1 to Second Amended and Restated Credit Agreement”), and January 27, 2025 (the “Third Amended and Restated Credit Agreement”). The Third Amended and Restated Credit Agreement provides for a $2.00 billion revolving credit facility with a syndicate of lenders, along with an expansion option that will allow the Company, subject to certain requirements, to request an increase in the facility of up to an additional $750.0 million, for a potential total commitment of $2.75 billion. The facility matures on January 25, 2030. </div><div style="margin-top:10pt">Interest on amounts borrowed under the credit facility is, at the Company’s option, based on (1) a base rate, plus a spread of 0.00% to 0.10%, or (2) an adjusted term Secured Overnight Financing Rate, plus a spread of 0.70% to 1.10%, in each case plus a facility fee, with such spread and facility fee determined in accordance with the Third Amended and Restated Credit Agreement, and with the spread and facility fee based on the rating of the Company’s non-credit enhanced, senior unsecured long-term debt. Principal and any accrued and unpaid interest are due and payable upon maturity. Additionally, the Company will pay the lenders a quarterly commitment fee that varies based on the Company’s credit rating as described above. As of June 28, 2026, the Company had no borrowings outstanding under the credit facility and was in compliance with all financial covenants.</div><div style="margin-top:9pt">Commercial Paper Program</div><div style="margin-top:4pt">In November 2017, the Company established a commercial paper program (the “CP Program”) under which the Company may issue unsecured commercial paper notes on a private placement basis up to a maximum aggregate principal amount of $1.25 billion. In July 2021, the Company amended the CP Program size to a maximum aggregate amount outstanding at any time of $1.50 billion. In March 2026, the CP Program size was further amended to a maximum aggregate amount outstanding at any time of $2.00 billion. The net proceeds from the CP Program may be used for general corporate purposes, including repurchases of the Company’s Common Stock from time to time under the Company’s stock repurchase program. Amounts available under the CP Program may be re-borrowed. The CP Program is backstopped by the Company’s Revolving Credit Arrangement. As of June 28, 2026, the Company had no outstanding borrowings under the CP Program. </div><div style="margin-top:9pt">Interest Cost</div><div style="margin-top:4pt">The following table presents the amount of interest cost recognized relating to both the contractual interest coupon and amortization of the debt discount, issuance costs, and effective portion of interest rate contracts with respect to the Senior Notes, and the revolving credit facility during the fiscal years ended June 28, 2026, June 29, 2025, and June 30, 2024. </div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:58.928%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.753%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.753%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.754%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="15" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Year Ended</td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 28, 2026</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 29, 2025</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 30, 2024</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"></td><td colspan="15" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands)</td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Contractual interest coupon</td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">147,925 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">169,586 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">175,128 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Amortization of interest discount</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,574 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,987 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,274 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Amortization of issuance costs</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,350 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,514 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,488 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Effect of interest rate contracts, net</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,054 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,132 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,145 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Total interest cost recognized</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">155,903 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">177,219 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">183,035 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:9pt"><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td></tr></table></div>

<div style="margin-top:4pt">As of June 28, 2026, and June 29, 2025, the Company’s outstanding debt consisted of the following:</div><div style="margin-top:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:55.397%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.493%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.624%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.385%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.059%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.493%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.624%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.825%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="9" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 28, 2026</td><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="9" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 29, 2025</td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Amount (in thousands)</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Effective Interest Rate</td><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Amount (in thousands)</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Effective Interest Rate</td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Fixed-rate 3.125% Senior Note Due June 15, 2060 ("2060 Notes")</div></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">500,000 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3.18 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">500,000 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3.18 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Fixed-rate 2.875% Senior Note Due June 15, 2050 ("2050 Notes")</div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">750,000 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2.93 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">750,000 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2.93 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Fixed-rate 4.875% Senior Notes Due March 15, 2049 ("2049 Notes")</div></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">750,000 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4.93 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">750,000 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4.93 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Fixed-rate 1.90% Senior Note Due June 15, 2030 ("2030 Notes")</div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">750,000 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2.01 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">750,000 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2.01 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Fixed-rate 4.00% Senior Notes Due March 15, 2029 ("2029 Notes")</div></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,000,000 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4.09 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,000,000 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4.09 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div>Fixed-rate 3.75% Senior Notes Due March 15, 2026 ("2026 Notes")</div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3.86 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">750,000 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3.86 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 12.25pt;text-align:left;vertical-align:bottom">Total Senior Notes outstanding, at par</td><td colspan="2" style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,750,000 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,500,000 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Unamortized discount</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(23,854)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(26,428)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Unamortized bond issuance costs</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(4,232)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(4,774)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Other financing arrangements</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">147 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">566 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 12.25pt;text-align:left;vertical-align:bottom">Total debt outstanding, at carrying value</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,722,061 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">4,469,364 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Reported as:</td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Current portion of long-term debt</td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">147 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">749,670 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Long-term debt</td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,721,914 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,719,694 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:8pt"><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr></table></div>

0.03125

500000000

0.0318

500000000

0.0318

0.02875

750000000

0.0293

750000000

0.0293

0.04875

750000000

0.0493

750000000

0.0493

0.0190

750000000

0.0201

750000000

0.0201

0.0400

1000000000

0.0409

1000000000

0.0409

0.0375

0.0386

750000000

0.0386

3750000000 4500000000

23854000

26428000

4232000

4774000

147000

566000

3722061000

4469364000

147000

749670000

3721914000

3719694000

<div style="margin-top:10pt">The Company’s contractual cash obligations relating to its outstanding debt as of June 28, 2026, were as follows: </div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:66.272%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.860%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.862%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Payments Due by Fiscal Year:</td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Principal</td><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Interest</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands)</td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">2027</td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">128,000 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">2028</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">128,000 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">2029</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,000,000 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">116,333 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">2030</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">750,000 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">87,406 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">2031</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">73,750 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Thereafter</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,000,000 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,508,724 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Total</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,750,000 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;border-top:1pt solid #000000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-top:1pt solid #000000;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,042,213 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:9pt"><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td></tr></table></div>

128000000

1000000000

116333000

750000000

87406000

73750000

2000000000

1508724000

3750000000

2042213000

750000000.0

500000000.0

0.0190

0.02875

0.03125

750000000.0

1000000000.00

750000000.0

0.0400

0.04875

1.01

<div style="margin-top:10pt">Selected additional information regarding the Senior Notes outstanding as of June 28, 2026, is as follows: </div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:66.272%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.860%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.862%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Remaining Amortization period</td><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Fair Value of Notes (Level 2)</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(years)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands)</td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">2060 Notes</td><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">34.0</td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">315,050 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">2050 Notes</td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">24.0</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">486,450 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">2049 Notes</td><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">22.7</td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">689,933 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">2030 Notes</td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">4.0</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">680,130 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 1pt;text-align:left;vertical-align:top">2029 Notes</td><td colspan="3" style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">2.7</td><td colspan="3" style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 0;text-align:right;vertical-align:bottom">990,020 </td><td style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

P34Y

315050000

P24Y

486450000

P22Y8M12D

689933000

P4Y

680130000

P2Y8M12D

990020000

2000000000.00

750000000.0 2750000000

0.0000

0.0010

0.0070

0.0110

1250000000

1500000000

2000000000.00

<div style="margin-top:4pt">The following table presents the amount of interest cost recognized relating to both the contractual interest coupon and amortization of the debt discount, issuance costs, and effective portion of interest rate contracts with respect to the Senior Notes, and the revolving credit facility during the fiscal years ended June 28, 2026, June 29, 2025, and June 30, 2024. </div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:58.928%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.753%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.753%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.754%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="15" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Year Ended</td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 28, 2026</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 29, 2025</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 30, 2024</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"></td><td colspan="15" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands)</td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Contractual interest coupon</td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">147,925 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">169,586 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">175,128 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Amortization of interest discount</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,574 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,987 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,274 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Amortization of issuance costs</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,350 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,514 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,488 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Effect of interest rate contracts, net</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,054 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,132 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,145 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Total interest cost recognized</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">155,903 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">177,219 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">183,035 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:9pt"><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td></tr></table></div> 147925000 169586000 175128000

2574000

2987000

3274000

1350000

1514000

1488000

4054000 3132000 3145000

155903000

177219000

183035000

Leases<div style="margin-top:4pt">The Company leases certain office spaces, manufacturing and warehouse spaces, equipment, and vehicles. While the majority of the Company’s lease arrangements are operating leases, the Company has certain leases that qualify as finance leases. </div><div style="margin-top:4pt">The Company leases some of its administrative, research and development and manufacturing facilities, regional sales/service offices, and certain equipment under non-cancelable leases. Certain of the Company’s facility leases provide the Company with options to extend the leases for additional periods, to purchase the facilities, or provide for periodic rent increases based on the general rate of inflation.</div><div style="margin-top:5pt">Variable lease payments are expensed as incurred and are not included within the right of use asset and lease liability calculation. Variable lease payments primarily include costs associated with the Company’s third-party logistics arrangements that contain one or more embedded leases. Variable lease costs will fluctuate based on factory output and material receipt volumes. Variable lease costs for fiscal years 2026, 2025, and 2024 were $165.9 million, $176.6 million, and $176.6 million; respectively. Finance lease costs, including amortization of right of use assets and interest on lease liabilities; short-term rental expense for agreements less than one year in duration; and operating lease costs were immaterial for fiscal years 2026, 2025, and 2024, respectively.</div><div style="margin-top:10pt">Supplemental cash flow information related to leases was as follows as of June 28, 2026, June 29, 2025, and June 30, 2024:</div><div style="margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:58.928%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.753%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.753%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.754%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="15" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Year Ended</td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 28, 2026</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 29, 2025</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 30, 2024</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands)</td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Cash paid for amounts included in the measurement of lease liabilities:</td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Operating cash flows paid for operating leases</td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">95,019 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">85,558 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">97,447 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Financing cash flows paid for principal portion of finance leases</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,971 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,059 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">255,695 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Right-of-use assets obtained in exchange for lease obligations:</td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Operating leases</td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">207,172 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">81,011 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">146,169 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Finance leases</td><td colspan="2" style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,308 </td><td style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,884 </td><td style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">226,519 </td><td style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:13pt">Supplemental balance sheet information related to leases was as follows as of June 28, 2026 and June 29, 2025:</div><div style="margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:66.272%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.860%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.862%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 28, 2026</td><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 29, 2025</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands)</td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Operating leases</td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Other assets</td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">397,359 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">286,980 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Accrued expenses and other current liabilities</td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">90,415 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">78,707 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Other long-term liabilities</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">296,587 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">193,343 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Total operating lease liabilities</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">387,002 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">272,050 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:9pt"><td colspan="3" style="background-color:#a6ddc9;border-bottom:1pt solid #6a7885;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;border-bottom:1pt solid #6a7885;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;border-bottom:1pt solid #6a7885;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;border-bottom:1pt solid #6a7885;border-top:3pt double #000;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:6pt">As of June 28, 2026 and June 29, 2025 outstanding finance lease obligations were immaterial.</div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.222%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.860%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.860%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.364%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.860%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.364%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.864%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="9" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 28, 2026</td><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="9" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 29, 2025</td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Weighted-Average Remaining Lease Term</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Weighted-Average Discount Rate</td><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Weighted-Average Remaining Lease Term</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Weighted-Average Discount Rate</td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in years)</td><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in years)</td><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1.5pt solid #6a7885;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Operating leases</td><td colspan="3" style="border-bottom:1.5pt solid #6a7885;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">5.9</td><td colspan="3" style="border-bottom:1.5pt solid #6a7885;padding:0 1pt"></td><td colspan="2" style="border-bottom:1.5pt solid #6a7885;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4.20 </td><td style="border-bottom:1.5pt solid #6a7885;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="border-bottom:1.5pt solid #6a7885;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #6a7885;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">4.9</td><td colspan="3" style="border-bottom:1.5pt solid #6a7885;padding:0 1pt"></td><td colspan="2" style="border-bottom:1.5pt solid #6a7885;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3.75 </td><td style="border-bottom:1.5pt solid #6a7885;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:8pt">As of June 28, 2026, the maturities of operating lease liabilities are as follows:</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:82.939%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.861%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Operating Leases</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands)</td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">2027</td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">103,302 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">2028</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">76,961 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">2029</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">70,599 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">2030</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">56,984 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">2031</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">41,741 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Thereafter</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">92,164 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Total lease payments</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">441,751 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Less imputed interest</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(54,749)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Total</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">387,002 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:9pt"><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div>

165900000

176600000

<div style="margin-top:10pt">Supplemental cash flow information related to leases was as follows as of June 28, 2026, June 29, 2025, and June 30, 2024:</div><div style="margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:58.928%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.753%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.753%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.754%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="15" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Year Ended</td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 28, 2026</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 29, 2025</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 30, 2024</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands)</td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Cash paid for amounts included in the measurement of lease liabilities:</td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Operating cash flows paid for operating leases</td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">95,019 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">85,558 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">97,447 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Financing cash flows paid for principal portion of finance leases</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,971 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,059 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">255,695 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Right-of-use assets obtained in exchange for lease obligations:</td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Operating leases</td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">207,172 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">81,011 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">146,169 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Finance leases</td><td colspan="2" style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,308 </td><td style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,884 </td><td style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">226,519 </td><td style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.222%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.860%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.860%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.364%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.860%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.364%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.864%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="9" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 28, 2026</td><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="9" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 29, 2025</td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Weighted-Average Remaining Lease Term</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Weighted-Average Discount Rate</td><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Weighted-Average Remaining Lease Term</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Weighted-Average Discount Rate</td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in years)</td><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in years)</td><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1.5pt solid #6a7885;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Operating leases</td><td colspan="3" style="border-bottom:1.5pt solid #6a7885;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">5.9</td><td colspan="3" style="border-bottom:1.5pt solid #6a7885;padding:0 1pt"></td><td colspan="2" style="border-bottom:1.5pt solid #6a7885;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4.20 </td><td style="border-bottom:1.5pt solid #6a7885;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="border-bottom:1.5pt solid #6a7885;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #6a7885;padding:1.5pt 1pt;text-align:right;vertical-align:bottom">4.9</td><td colspan="3" style="border-bottom:1.5pt solid #6a7885;padding:0 1pt"></td><td colspan="2" style="border-bottom:1.5pt solid #6a7885;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3.75 </td><td style="border-bottom:1.5pt solid #6a7885;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div>

95019000

85558000

97447000

4971000

4059000

255695000

207172000

81011000

146169000

3308000

2884000

226519000

<div style="margin-top:13pt">Supplemental balance sheet information related to leases was as follows as of June 28, 2026 and June 29, 2025:</div><div style="margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:66.272%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.860%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.862%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 28, 2026</td><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 29, 2025</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands)</td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Operating leases</td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Other assets</td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">397,359 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">286,980 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Accrued expenses and other current liabilities</td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">90,415 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">78,707 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Other long-term liabilities</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">296,587 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">193,343 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Total operating lease liabilities</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">387,002 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">272,050 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:9pt"><td colspan="3" style="background-color:#a6ddc9;border-bottom:1pt solid #6a7885;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;border-bottom:1pt solid #6a7885;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;border-bottom:1pt solid #6a7885;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;border-bottom:1pt solid #6a7885;border-top:3pt double #000;padding:0 1pt"></td></tr></table></div>

397359000

286980000

90415000

78707000

296587000

193343000

387002000

272050000

P5Y10M24D

0.0420

P4Y10M24D

0.0375

<div style="margin-top:8pt">As of June 28, 2026, the maturities of operating lease liabilities are as follows:</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:82.939%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.861%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Operating Leases</td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands)</td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">2027</td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">103,302 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">2028</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">76,961 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">2029</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">70,599 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">2030</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">56,984 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">2031</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">41,741 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Thereafter</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">92,164 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Total lease payments</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">441,751 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Less imputed interest</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(54,749)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Total</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">387,002 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:9pt"><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div>

103302000

76961000

70599000

56984000

41741000

92164000

441751000

54749000

387002000

Deferred Compensation Plans<div style="margin-top:4pt">The Company has an unfunded, non-qualified deferred compensation plan whereby executives may defer a portion of their compensation. Participants earn a return on their deferred compensation based on their allocation of their account balance among various mutual funds. The Company controls the investment of these funds, and the participants remain general creditors of the Company. Participants are able to elect the payment of benefits on a specified date at least three years after the opening of a deferral sub-account or upon retirement. Distributions are made in the form of lump sum or annual installments over a period of up to 20 years as elected by the participant. If no alternate election has been made, a lump sum payment will be made upon termination of a participant’s employment with the Company. As of June 28, 2026, and June 29, 2025, the liability of the Company to the plan participants was $498.5 million and $423.9 million, respectively, which was recorded in Accrued expenses and other current liabilities and Other long-term liabilities on the Consolidated Balance Sheets. As of June 28, 2026, and June 29, 2025, the Company had investments in the aggregate amount of $511.8 million and $438.8 million, respectively, which correlate to the deferred compensation obligations, which were recorded in Other assets on the Consolidated Balance Sheets.</div>

P3Y P20Y

498500000

423900000

511800000 438800000

Commitments and Contingencies <div style="margin-top:4pt">The Company has certain obligations to make future payments under various contracts; some of these are recorded on its balance sheet and some are not. Obligations that are recorded on the Company’s balance sheet include the Company’s operating and finance lease obligations. Obligations that are not recorded on the Company’s balance sheet include contractual relationships for purchase obligations and certain guarantees. The Company’s commitments relating to off-balance sheet agreements are included in the tables below. These amounts exclude $762.4 million of liabilities related to uncertain tax positions (see <a href="#i95ad399254054df79c82b5a322a4d3fd_103" style="color:#474c59;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:underline">Note 7: Income Taxes</a> for further discussion) as of the end of the fiscal year because the Company is unable to reasonably estimate the ultimate amount or time of settlement. </div><div style="margin-top:9pt">Other Guarantees</div><div style="margin-top:4pt">The Company has issued certain indemnifications to its lessors for taxes and general liability under some of its agreements. The Company has entered into insurance contracts that are intended to limit its exposure to such indemnifications. As of June 28, 2026, the Company had not recorded any liability on its Consolidated Financial Statements in connection with these indemnifications, as it does not believe, based on historical experience and information currently available, that it is probable that any material amounts will be paid under these guarantees.</div><div style="margin-top:10pt">Generally, the Company indemnifies, under pre-determined conditions and limitations, its customers for infringement of third-party intellectual property rights by the Company’s products or services. The Company seeks to limit its liability for such indemnity to an amount not to exceed the sales price of the products or services subject to its indemnification obligations. The Company does not believe, based on historical experience and information currently available, that it is probable that any material amounts will be paid under these guarantees.</div><div style="margin-top:10pt">The Company provides guarantees and standby letters of credit to certain parties as required for certain transactions initiated during the ordinary course of business. As of June 28, 2026, the maximum potential amount of future payments that the Company could be required to make under these arrangements and letters of credit was $275.1 million. The Company does not believe, based on historical experience and information currently available, that it is probable that any material amounts will be required to be paid.</div><div style="margin-top:10pt">In addition, the Company has entered into indemnification agreements with its directors, officers, and certain other employees, consistent with its Bylaws and Certificate of Incorporation; and under local law, the Company may be required to provide indemnification to its employees for actions within the scope of their employment. Although the Company maintains insurance contracts that cover some of the potential liability associated with these indemnification agreements, there is no guarantee that all such liabilities will be covered. The Company does not believe, based on historical experience and information currently available, that it is probable that any material amounts will be required to be paid under such indemnification agreements or statutory obligations.</div><div style="margin-top:9pt">Purchase Obligations</div><div style="margin-top:4pt">Purchase obligations consist of non-cancelable significant contractual obligations either on an annual basis or over multi-year periods. The contractual cash obligations and commitments table presented below contains the Company’s minimum obligations at June 28, 2026, under these arrangements and others. For obligations with cancellation provisions, the amounts included in the following table were limited to the non-cancelable portion of the agreement terms or the minimum cancellation fee. Actual expenditures will vary based on the volume of transactions and length of contractual service provided.</div><div> </div><div>The Company’s commitments related to these agreements as of June 28, 2026, were as follows: </div><div style="margin-top:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:82.939%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.861%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Payments Due by Fiscal Year:</td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Purchase Obligations</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands)</td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">2027</td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,056,893 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">2028</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">174,260 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">2029</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">71,719 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">2030</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">61,397 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">2031</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">37,185 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Thereafter</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">79,741 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Total</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,481,195 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:9pt"><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td></tr></table></div><div style="margin-top:4pt">Transition Tax Liability</div><div style="margin-top:4pt">On December 22, 2017, the “Tax Cuts & Jobs Act” was signed into law. Among other items, this U.S. tax reform assessed a one-time transition tax on earnings of certain foreign subsidiaries that were previously tax deferred. As a result, the Company recognized a total transition tax of $868.4 million and elected to pay the one-time tax over a period of 8 years, commencing in the twelve months ended June 30, 2019. During fiscal year 2023, this one-time tax was adjusted, resulting in a total tax liability increase of approximately $50.0 million, which was spread over the same 8-year period. The remaining obligation related to this arrangement was settled in fiscal year 2026. </div><div style="margin-top:9pt">Warranties</div><div style="margin-top:4pt">The Company provides standard warranties on its systems. The liability amount is based on actual historical warranty spending activity by type of system, customer, and geographic region, modified for any known differences such as the impact of system reliability improvements. As of June 28, 2026, warranty reserves totaling $19.7 million were reported in Other long-term liabilities, and the remainder were included in Accrued expenses and other current liabilities in the Company’s Consolidated Balance Sheets.</div><div style="margin-top:10pt">Changes in the Company’s product warranty reserves were as follows: </div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:66.272%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.860%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.862%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" rowspan="2" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"></td><td colspan="9" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Year Ended</td><td colspan="3" style="display:none"></td></tr><tr style="height:23pt"><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 28, 2026</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 29, 2025</td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands)</td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Balance at beginning of period</td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">265,466 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">250,404 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Warranties issued during the period</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">310,558 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">266,345 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Settlements made during the period</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(250,830)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(193,817)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Changes in liability for pre-existing warranties</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(35,481)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(57,466)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Balance at end of period</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">289,713 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">265,466 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr style="height:9pt"><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:4pt">Government Assistance</div><div style="margin-top:4pt">In the fiscal years ended June 28, 2026 and June 29, 2025, the Company received government assistance from various domestic and international governments in the form of cash grants or refundable tax credits. The Grants typically specify conditions that must be met in order for the Grants to be earned, such as employment or employee retention targets; completion of employee training; or the construction or acquisition of property and equipment and are often time-bound. If conditions are not satisfied or if the duration period for the arrangement is not met, the Grants are often subject to reduction, repayment, or termination. </div><div style="margin-top:4pt">During the fiscal years ended June 28, 2026 and June 29, 2025, the Company’s cash Grants were insignificant. During the fiscal years ended June 28, 2026 and June 29, 2025, the Company recognized immaterial reductions to the cost basis of acquired property and equipment related to refundable tax credits earned. This reduction in the cost basis of acquired property and equipment is recorded with a corresponding reduction to taxes payable and classified under Accrued expense and other current liabilities, or Other long-term liabilities, as appropriate, in the Consolidated Balance Sheets.</div><div style="margin-top:9pt">Legal Proceedings</div><div style="margin-top:4pt">While the Company is not currently a party to any legal proceedings that it believes material, the Company is either a defendant or plaintiff in various actions that have arisen from time to time in the normal course of business, including intellectual property claims. The Company accrues for a liability when it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated. Judgment is required in both the determination of probability and the determination as to whether a loss is reasonably estimable. Based on current information, the Company does not believe that a material loss from known matters is probable and therefore has not recorded an accrual of any material amount for litigation or other contingencies related to existing legal proceedings.</div>

762400000

275100000

<div>The Company’s commitments related to these agreements as of June 28, 2026, were as follows: </div><div style="margin-top:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:82.939%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.861%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Payments Due by Fiscal Year:</td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Purchase Obligations</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands)</td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">2027</td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,056,893 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">2028</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">174,260 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">2029</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">71,719 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">2030</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">61,397 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">2031</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">37,185 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Thereafter</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">79,741 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Total</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,481,195 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:9pt"><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td></tr></table></div>

1056893000

174260000

71719000

61397000

37185000

79741000

1481195000

868400000

50000000.0

19700000

<div style="margin-top:10pt">Changes in the Company’s product warranty reserves were as follows: </div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:66.272%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.860%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.862%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" rowspan="2" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"></td><td colspan="9" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Year Ended</td><td colspan="3" style="display:none"></td></tr><tr style="height:23pt"><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 28, 2026</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 29, 2025</td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"></td><td colspan="9" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands)</td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Balance at beginning of period</td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">265,466 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">250,404 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Warranties issued during the period</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">310,558 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">266,345 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Settlements made during the period</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(250,830)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(193,817)</td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Changes in liability for pre-existing warranties</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(35,481)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">(57,466)</td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Balance at end of period</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">289,713 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">265,466 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr style="height:9pt"><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr></table></div>

265466000

250404000

310558000

266345000

250830000

193817000

-35481000

-57466000

289713000

265466000

Stock Repurchase Program<div style="margin-top:4pt">In May 2024, the Board of Directors authorized the Company to repurchase up to an additional $10.00 billion of Common Stock; this authorization supplements the remaining balances from any prior authorizations. These repurchases can be conducted on the open market or as private purchases and may include the use of derivative contracts with large financial institutions, in all cases subject to compliance with applicable law. This repurchase program has no termination date and may be suspended or discontinued at any time. </div><div style="margin-top:10pt">Repurchases under the repurchase program were as follows during the periods indicated:</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:40.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.188%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.918%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.188%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.918%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.188%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.918%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.016%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Period</td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Total Number of Shares Repurchased</td><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Total</div><div style="text-align:center">Cost of</div><div style="text-align:center">Repurchase (1)</div></td><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Average Price Paid Per Share (1,2)</div></td><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Amount Available Under Repurchase Program</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"></td><td colspan="21" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands, except per share data)</td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Available balance as of June 29, 2025</td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">7,517,184 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Quarter ended September 28, 2025</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">9,686 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">(3)</td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">990,046 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">105.67 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">6,527,138 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Quarter ended December 28, 2025</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">9,387 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,442,095 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">153.62 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,085,043 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Quarter ended March 29, 2026</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,516 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">(3)</td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">796,378 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">210.57 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">4,288,665 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 1pt;text-align:left;vertical-align:top">Quarter ended June 28, 2026</td><td colspan="2" style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">811 </td><td style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 1pt;text-align:left;vertical-align:top">(3)</td><td style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 0;text-align:right;vertical-align:bottom">245,941 </td><td style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 0;text-align:right;vertical-align:bottom">325.14 </td><td style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 0;text-align:right;vertical-align:bottom">4,042,724 </td><td style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:3pt;padding-left:27pt;text-indent:-18pt">(1) The Company’s net share repurchases are subject to a 1% excise tax under the Inflation Reduction Act. Excise tax incurred reduces the amount available under the repurchase program, as applicable, and is included in the cost of shares repurchased in the Consolidated Statement of Stockholders’ Equity and the calculation of the average price paid per share.</div><div style="margin-top:3pt;padding-left:27pt;text-indent:-18pt">(2) Average price paid per share excludes the effect of accelerated share repurchase activities. See additional disclosure below regarding the Company’s accelerated share repurchase activity during the fiscal year.</div><div style="margin-top:3pt;padding-left:27pt;text-indent:-18pt">(3) Includes shares received at initial or final settlement of accelerated share repurchase agreements; see additional disclosures below regarding the Company’s accelerated share repurchase activity during the fiscal year.</div><div style="margin-top:10pt;padding-left:27pt;text-indent:-27pt">Accelerated Share Repurchase Agreements</div><div style="margin-top:6pt">On March 11, 2026, the Company entered into an accelerated share repurchase agreement (the “March 2026 ASR”) with a financial institution to repurchase a total of $200.0 million of Common Stock. The Company took an initial delivery of approximately 685 thousand shares, which represented 75% of the prepayment amount divided by the Company’s closing stock price on March 11, 2026. The total number of shares received under the March 2026 ASR was based upon the average daily volume weighted average price of the Company’s Common Stock during the repurchase period, less an agreed upon discount. Final settlement of the March 2026 ASRs occurred in June 2026, resulting in the receipt of approximately 55 thousand additional shares, which yielded a weighted-average share price of $270.71 for the transaction period, including the effects of a 1% excise tax under the Inflation Reduction Act</div><div style="margin-top:6pt">On April 30, 2025, the Company entered into accelerated share repurchase agreements (the "April 2025 ASRs") with two financial institutions to repurchase a total of $500.0 million of Common Stock. The Company took an initial delivery of approximately 5.2 million shares, which represented 75% of the prepayment amount divided by the Company’s closing stock price on April 30, 2025. The total number of shares received under the April 2025 ASRs was based upon the average daily volume weighted average price of the Company’s Common Stock during the repurchase period, less an agreed upon discount. Final settlement of the April 2025 ASRs occurred in September 2025, resulting in the receipt of approximately 317 thousand additional shares, which yielded a weighted-average share price of $91.00 for the transaction period, including the effects of a 1% excise tax under the Inflation Reduction Act.</div><div style="margin-top:10pt">The Company recorded each of the ASRs as equity transactions; as such, at the time of receipt, shares were included in treasury stock at fair market value as of the corresponding trade date. The Company reflects shares received as a repurchase of common stock in the weighted average common shares outstanding calculation for basic and diluted earnings per share.</div>

10000000000.00

<div style="margin-top:10pt">Repurchases under the repurchase program were as follows during the periods indicated:</div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:40.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.188%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.918%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.188%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.918%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.188%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.918%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.016%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Period</td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Total Number of Shares Repurchased</td><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Total</div><div style="text-align:center">Cost of</div><div style="text-align:center">Repurchase (1)</div></td><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Average Price Paid Per Share (1,2)</div></td><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Amount Available Under Repurchase Program</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"></td><td colspan="21" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands, except per share data)</td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Available balance as of June 29, 2025</td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">7,517,184 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Quarter ended September 28, 2025</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">9,686 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">(3)</td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">990,046 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">105.67 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">6,527,138 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Quarter ended December 28, 2025</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">9,387 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,442,095 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">153.62 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,085,043 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Quarter ended March 29, 2026</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,516 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">(3)</td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">796,378 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">210.57 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:1.5pt 0;text-align:right;vertical-align:bottom">4,288,665 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 1pt;text-align:left;vertical-align:top">Quarter ended June 28, 2026</td><td colspan="2" style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">811 </td><td style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 1pt;text-align:left;vertical-align:top">(3)</td><td style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 0;text-align:right;vertical-align:bottom">245,941 </td><td style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 0;text-align:right;vertical-align:bottom">325.14 </td><td style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 0;text-align:right;vertical-align:bottom">4,042,724 </td><td style="background-color:#a6ddc9;border-bottom:1.5pt solid #7b7e87;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:3pt;padding-left:27pt;text-indent:-18pt">(1) The Company’s net share repurchases are subject to a 1% excise tax under the Inflation Reduction Act. Excise tax incurred reduces the amount available under the repurchase program, as applicable, and is included in the cost of shares repurchased in the Consolidated Statement of Stockholders’ Equity and the calculation of the average price paid per share.</div><div style="margin-top:3pt;padding-left:27pt;text-indent:-18pt">(2) Average price paid per share excludes the effect of accelerated share repurchase activities. See additional disclosure below regarding the Company’s accelerated share repurchase activity during the fiscal year.</div><div style="margin-top:3pt;padding-left:27pt;text-indent:-18pt">(3) Includes shares received at initial or final settlement of accelerated share repurchase agreements; see additional disclosures below regarding the Company’s accelerated share repurchase activity during the fiscal year.</div>

7517184000

9686000

990046000

105.67

6527138000

9387000

1442095000

153.62

5085043000

3516000

796378000

210.57

4288665000

811000

245941000

325.14

4042724000

200000000.0

685000

0.75

55000

270.71

2 500000000.0

5200000

0.75

317000

91.00

Segment, Geographic Information, and Major Customers<div style="margin-top:4pt">The Company operates in one reportable business segment: manufacturing and servicing of wafer processing semiconductor manufacturing equipment. The Company’s material operating segments qualify for aggregation due to their customer base and similarities in economic characteristics, nature of products and services, and processes for procurement, manufacturing, and distribution. The Company's chief operating decision maker (“CODM”) is the Company's Chief Executive Officer.</div><div style="margin-bottom:10pt;margin-top:10pt">The Company's CODM utilizes segment gross margin as the measure of profit or loss to evaluate operating segment profitability and to assess the allocation of resources. Segment gross margin excludes both routine and non-routine expenses that are not allocated to the reportable segment, including, but not limited to, amortization of intangible assets acquired in certain business combinations, the change in value of the Company's elective deferred compensation-related liability, restructuring charges, impairment of long-lived assets, and transformational charges. </div><div style="margin-bottom:10pt">Segment results are derived from the Company's internal management reporting system utilizing policies that are substantially the same as those used for external reporting purposes. The CODM utilizes segment revenue growth in conjunction with segment gross margin metrics in comparing forecast to actual results as well as in benchmarking to the Company's peer group.</div><div style="margin-bottom:10pt">The Company's centralized manufacturing and support organizations, including global operations and certain administrative functions, provide support to its operating segments. Costs incurred by these organizations, as well as depreciation and amortization and equity-based compensation expense are allocated to cost of goods sold as overhead. Consequently, depreciation and amortization and equity-based compensation expense are not independently identifiable components within the segment’s results, and, therefore are not provided.</div><div style="margin-bottom:10pt">With the exception of goodwill, the Company does not identify assets by operating segment. Consequently, the CODM does not regularly review or receive discrete asset information by operating segment.</div><div style="margin-bottom:10pt">The table below reconciles the Company's reportable segment to income before income taxes:</div><div style="margin-bottom:10pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:58.928%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.753%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.753%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.754%"></td><td style="width:0.1%"></td></tr><tr style="height:12pt"><td colspan="3" rowspan="2" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"></td><td colspan="15" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Year Ended</td></tr><tr style="height:23pt"><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 28, 2026</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 29, 2025</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 30, 2024</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands)</td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Revenue</td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">23,232,690 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">18,435,591 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">14,905,386 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Installation and warranty expense</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">645,551 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">544,192 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">435,015 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div>Other cost of goods sold (COGS) (1)</div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">10,467,090 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">8,675,349 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">6,988,338 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 13pt;text-align:left;vertical-align:top">Segment COGS</td><td colspan="2" style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">11,112,641 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">9,219,541 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">7,423,353 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Segment gross margin</td><td colspan="2" style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">12,120,049 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">9,216,050 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">7,482,033 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Reconciliation to consolidated gross margin</td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 13pt;text-align:left;vertical-align:top">Restructuring charges, net</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">43,375 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 13pt;text-align:left;vertical-align:top">All other COGS</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">394,741 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">236,991 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">385,867 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Gross margin</td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">11,725,308 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">8,979,059 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">7,052,791 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Research and development</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,375,873 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,096,387 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,902,444 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Selling, general, and administrative</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,149,640 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">981,704 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">868,247 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Restructuring charges, net - operating expenses</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">18,187 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Other income (expense), net</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">62,678 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">57,161 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">96,309 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Income before income taxes</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">8,262,473 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,958,129 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">4,360,222 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:9pt"><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:10pt;margin-top:5pt;padding-left:36pt;text-indent:-18pt">(1)Other COGS is primarily comprised of the capitalized cost of inventory sold, including both direct and indirect costs, but excludes installation and warranty expense and those items not allocated to the segment.</div><div style="margin-bottom:10pt;margin-top:5pt">The Company operates in seven geographic regions: United States, China, Europe, Japan, Korea, Southeast Asia, and Taiwan. For geographical reporting, revenue is attributed to the geographic location in which the customers’ facilities are located, while long-lived assets; which includes property and equipment, net, and recognized right of use assets reported in Other assets in the Consolidated Balance Sheets as of June 28, 2026 and June 29, 2025; are attributed to the geographic locations in which the assets are located. </div><div style="margin-top:10pt">Revenues and long-lived assets by geographic region were as follows: </div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:58.928%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.753%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.753%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.754%"></td><td style="width:0.1%"></td></tr><tr style="height:12pt"><td colspan="3" rowspan="2" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"></td><td colspan="15" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Year Ended</td></tr><tr style="height:23pt"><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 28, 2026</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 29, 2025</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 30, 2024</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Revenue:</td><td colspan="15" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands)</td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">China</td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">7,859,811 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">6,205,062 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">6,293,990 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Taiwan</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">5,222,915 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,445,220 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,671,815 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Korea</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,505,327 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,127,766 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,874,015 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Japan</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,171,088 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,880,882 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,460,429 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">United States</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,528,912 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,376,857 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,104,087 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Southeast Asia</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,245,931 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">837,242 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">794,054 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Europe</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">698,706 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">562,562 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">706,996 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Total revenue</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">23,232,690 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">18,435,591 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">14,905,386 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:9pt"><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td></tr></table></div><div> </div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:58.928%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.753%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.753%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.754%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 28, 2026</td><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 29, 2025</td><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 30, 2024</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Long-lived assets:</td><td colspan="15" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands)</td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">United States</td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,003,371 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,716,574 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,582,103 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Southeast Asia</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">651,935 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">451,283 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">390,514 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Korea</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">346,247 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">299,497 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">262,405 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Taiwan</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">176,537 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">96,458 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">98,268 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Europe</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">152,702 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">134,707 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">115,316 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Japan</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">16,512 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">8,638 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">7,858 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">China</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">6,527 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">8,567 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">6,390 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,353,831 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,715,724 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,462,854 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:8pt"><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td></tr></table></div><div style="margin-top:5pt">In fiscal year 2026, four customers accounted for approximately 16%, 15%, 12%, and 12% of total revenues, respectively. In fiscal year 2025, two customer accounted for approximately 17% and 15% of total revenues. In fiscal year 2024, one customer accounted for approximately 17% of total revenues, respectively. No other customers accounted for 10% or more of total revenues.</div>

<div style="margin-bottom:10pt">The table below reconciles the Company's reportable segment to income before income taxes:</div><div style="margin-bottom:10pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:58.928%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.753%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.753%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.754%"></td><td style="width:0.1%"></td></tr><tr style="height:12pt"><td colspan="3" rowspan="2" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"></td><td colspan="15" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Year Ended</td></tr><tr style="height:23pt"><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 28, 2026</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 29, 2025</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 30, 2024</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands)</td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Revenue</td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">23,232,690 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">18,435,591 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">14,905,386 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Installation and warranty expense</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">645,551 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">544,192 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">435,015 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top"><div>Other cost of goods sold (COGS) (1)</div></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">10,467,090 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">8,675,349 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">6,988,338 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 13pt;text-align:left;vertical-align:top">Segment COGS</td><td colspan="2" style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">11,112,641 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">9,219,541 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">7,423,353 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Segment gross margin</td><td colspan="2" style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">12,120,049 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">9,216,050 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">7,482,033 </td><td style="background-color:#a6ddc9;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Reconciliation to consolidated gross margin</td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 13pt;text-align:left;vertical-align:top">Restructuring charges, net</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">43,375 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 13pt;text-align:left;vertical-align:top">All other COGS</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">394,741 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">236,991 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">385,867 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Gross margin</td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">11,725,308 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">8,979,059 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">7,052,791 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#a6ddc9;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Research and development</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,375,873 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,096,387 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,902,444 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Selling, general, and administrative</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,149,640 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">981,704 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">868,247 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Restructuring charges, net - operating expenses</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">18,187 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt;text-align:left;vertical-align:top">Other income (expense), net</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">62,678 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">57,161 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">96,309 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Income before income taxes</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">8,262,473 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">5,958,129 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">4,360,222 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:9pt"><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:10pt;margin-top:5pt;padding-left:36pt;text-indent:-18pt">(1)Other COGS is primarily comprised of the capitalized cost of inventory sold, including both direct and indirect costs, but excludes installation and warranty expense and those items not allocated to the segment.</div>

23232690000

18435591000

14905386000

645551000 544192000 435015000 10467090000 8675349000 6988338000 11112641000 9219541000 7423353000 12120049000 9216050000 7482033000 0 0 43375000 394741000 236991000 385867000

11725308000

8979059000

7052791000

2375873000

2096387000

1902444000

1149640000

981704000

868247000

0 0 18187000

62678000

57161000

96309000

8262473000

5958129000

4360222000

<div style="margin-top:10pt">Revenues and long-lived assets by geographic region were as follows: </div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:58.928%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.753%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.753%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.754%"></td><td style="width:0.1%"></td></tr><tr style="height:12pt"><td colspan="3" rowspan="2" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"></td><td colspan="15" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">Year Ended</td></tr><tr style="height:23pt"><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 28, 2026</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 29, 2025</td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;border-top:1.5pt solid #a6ddc9;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 30, 2024</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Revenue:</td><td colspan="15" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands)</td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">China</td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">7,859,811 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">6,205,062 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">6,293,990 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Taiwan</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">5,222,915 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">3,445,220 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,671,815 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Korea</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,505,327 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">4,127,766 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,874,015 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Japan</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">2,171,088 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,880,882 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,460,429 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">United States</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,528,912 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,376,857 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,104,087 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Southeast Asia</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">1,245,931 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">837,242 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">794,054 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Europe</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">698,706 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">562,562 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">706,996 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:top">Total revenue</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">23,232,690 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">18,435,591 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">14,905,386 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:9pt"><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td></tr></table></div><div> </div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:58.928%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.753%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.753%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.754%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 28, 2026</td><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 29, 2025</td><td colspan="3" style="background-color:#7b7e87;padding:0 1pt"></td><td colspan="3" style="background-color:#7b7e87;padding:1.5pt 1pt;text-align:center;vertical-align:bottom">June 30, 2024</td></tr><tr><td colspan="3" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom">Long-lived assets:</td><td colspan="15" style="padding:1.5pt 1pt;text-align:center;vertical-align:bottom">(in thousands)</td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">United States</td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,003,371 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,716,574 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#a6ddc9;padding:1.5pt 0;text-align:right;vertical-align:bottom">1,582,103 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Southeast Asia</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">651,935 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">451,283 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">390,514 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Korea</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">346,247 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">299,497 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">262,405 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Taiwan</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">176,537 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">96,458 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">98,268 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Europe</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">152,702 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">134,707 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">115,316 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">Japan</td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">16,512 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">8,638 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">7,858 </td><td style="background-color:#ffffff;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 19pt;text-align:left;vertical-align:top">China</td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">6,527 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">8,567 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#a6ddc9;padding:0 1pt"></td><td colspan="2" style="background-color:#a6ddc9;padding:1.5pt 0 1.5pt 1pt;text-align:right;vertical-align:bottom">6,390 </td><td style="background-color:#a6ddc9;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">3,353,831 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,715,724 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0 1.5pt 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 0;text-align:right;vertical-align:bottom">2,462,854 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt 1.5pt 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:8pt"><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;padding:0 1pt"></td><td colspan="3" style="border-bottom:1.5pt solid #7b7e87;border-top:3pt double #000;padding:0 1pt"></td></tr></table></div>

7859811000

6205062000

6293990000

5222915000

3445220000

1671815000

4505327000

4127766000

2874015000

2171088000

1880882000

1460429000

1528912000

1376857000

1104087000

1245931000

837242000

794054000

698706000

562562000

706996000

23232690000

18435591000

14905386000

2003371000

1716574000

1582103000

651935000

451283000

390514000

346247000

299497000

262405000

176537000

96458000

98268000

152702000

134707000

115316000

16512000

8638000

7858000

6527000

8567000

6390000

3353831000

2715724000

2462854000

0.16

0.15

0.12

0.17

0.15

0.17

Restructuring Charges, Net<div style="margin-top:4pt">The Company records employee severance and separation costs that meet the requirements for recognition in accordance with the relevant guidance of ASC 420, Exit or Disposal Cost Obligations, or ASC 712, Compensation - Non-retirement Post-employment Benefits, as applicable. For involuntary termination benefits that are not provided under the terms of an ongoing benefit arrangement, the liability for the current fair value of expected future costs associated with a management-approved restructuring plan is recognized in the period in which the plan is communicated to the employees and the plan is not expected to change significantly. For ongoing benefit arrangements, inclusive of statutory requirements, employee termination costs are accrued when the existing situation or set of circumstances indicates that an obligation has been incurred, it is probable the benefits will be paid, and the amount can be reasonably estimated. Termination benefits associated with employees that elected to voluntarily terminate as part of the restructuring plan are recorded when the employee irrevocably accepts the offer and the amount can be reasonably estimated. If applicable, the Company records such costs into operating expense over the terminated employees’ future service period beyond any minimum or legally required retention period. The majority of restructuring charges that have been incurred but not yet paid are recorded in Accrued expenses and other current liabilities in the Consolidated Balance Sheets.</div><div style="margin-top:10pt">During the fiscal year ended June 25, 2023, the Company initiated a restructuring plan designed to better align the Company’s cost structure with its outlook for the economic environment and business opportunities. Under the plan, through June 30, 2024, the Company terminated approximately 1,760 employees, incurring expenses related to employee severance and separation costs. Employee severance and separation costs are primarily related to severance, non-cash severance, including equity award compensation expense, pension and other termination benefits. Additionally, the Company made a strategic decision to relocate certain manufacturing activities to pre-existing facilities and incurred charges to move inventory and equipment and exit selected supplier arrangements.</div><div style="margin-top:10pt">No restructuring costs were recorded during the fiscal year ended June 28, 2026 or June 29, 2025. During the fiscal year ended June 30, 2024, net restructuring costs of $43.4 million and $18.2 million were recorded in Restructuring charges, net - cost of goods sold, and Restructuring charges, net - operating expenses, respectively in the Consolidated Statements of Operations.</div><div style="margin-top:10pt">The restructuring plan was substantially completed as of June 30, 2024, and cumulative costs as of June 30, 2024 totaled $181.9 million. The associated restructuring liability was substantially satisfied in the three months ended September 29, 2024.</div>

1760

0 0 0 0 43400000 18200000

181900000

KPMG LLP Santa Clara, California false false false On April 28, 2026, Ava A. Harter, Chief Legal Officer and Secretary of the Company, adopted a Rule 10b5-1 Trading Arrangement that provides for the potential sale of up to 15,000 shares of Common Stock resulting from the vesting of certain service-based restricted stock units and market-based performance restricted stock units pursuant to the terms of the Rule 10b5-1 Trading Arrangement, subject to certain vesting conditions and, with respect to the market-based performance restricted stock units, certain performance conditions. Ms. Harter’s Rule 10b5-1 Trading Arrangement has a termination date of April 30, 2027. April 28, 2026 Ava A. Harter Chief Legal Officer and Secretary of the Company true 15000 April 30, 2027 On May 5, 2026, Seshasayee (Sesha) Varadarajan, Chief Operating Officer of the Company, adopted a Rule 10b5-1 Trading Arrangement that provides for (i) the potential exercise of up to 27,480 stock options expiring March 2, 2027 and the associated sale of up to 27,480 shares of Common Stock resulting from such exercise; (ii) the potential exercise of up to 12,270 stock options expiring March 1, 2028 and the associated sale of up to 12,270 shares of Common Stock resulting from such exercise; and (iii) the potential sale of up to 20,000 shares of Common Stock, in each case pursuant to the terms of the Rule 10b5-1 Trading Arrangement. Mr. Varadarajan’s Rule 10b5-1 Trading Arrangement has a termination date of April 20, 2027. May 5, 2026 Seshasayee (Sesha) Varadarajan Chief Operating Officer true 27480 April 20, 2027 true true Restricted cash is reported within Other assets in the Consolidated Balance Sheets