v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Jun. 27, 2026
Jun. 28, 2025
Jun. 29, 2024
Income Statement [Abstract]      
Net revenue $ 1,197.2 $ 1,074.3 $ 959.4
Cost of revenue 661.8 593.9 519.6
Gross margin 535.4 480.4 439.8
Operating expenses:      
Research and development 381.8 346.8 336.3
Selling, general and administrative 198.3 180.3 161.3
Acquired intangibles amortization 12.3 16.7 17.3
Intangible asset impairment charge 6.8 13.8 16.0
Restructuring costs 3.3 16.9 10.5
Total operating expenses 602.5 574.5 541.4
Operating loss (67.1) (94.1) (101.6)
Interest and other income, net 11.1 26.9 42.3
Interest expense (23.4) (39.8) (65.3)
Loss on early extinguishment of debt 0.0 (6.5) 0.0
Loss before provision (benefit) for income taxes (79.4) (113.5) (124.6)
Provision (benefit) for income taxes 411.4 (65.7) (250.2)
Net (loss) income $ (490.8) $ (47.8) $ 125.6
Net (loss) income per share:      
Basic (in dollars per share) $ (12.62) $ (1.22) $ 3.20
Diluted (in dollars per share) $ (12.62) $ (1.22) $ 3.16
Shares used in computing net (loss) income per share:      
Basic (in shares) 38.9 39.3 39.2
Diluted (in shares) 38.9 39.3 39.7