Inventory

6 Months Ended

Jul. 05, 2026

Note 4. Inventory

Inventory consists of the following components (in thousands).


	As of July 5, 2026		As of December 28, 2025
Raw materials	$	9,045	$	6,620
Work-in-process	7,168		6,091
Finished goods	1,307		906
Total inventory	$	17,520	$	13,617

Inventory is stated at the lower of cost or net realizable value (“NRV”) on a first-in and first-out basis. Inventory costs include direct materials, direct labor, and manufacturing overhead. When the estimated net realizable values are below the manufacturing costs, a charge to cost of revenue is recorded for finished goods and work in process inventories.

As of July 5, 2026 and December 28, 2025, we had inventory reserves of $1.3 million and $0.7 million, respectively, including excess or obsolete inventory reserves.