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
Revenues:      
Total net revenue $ 1,518.3 $ 1,084.3 $ 1,000.4
Cost of revenues:      
Amortization of acquired technologies 45.4 19.5 13.8
Total cost of revenues 642.9 463.2 424.5
Gross profit 875.4 621.1 575.9
Operating expenses:      
Research and development 262.7 208.7 201.9
Selling, general and administrative 469.2 349.4 333.3
Amortization of other intangibles 22.5 4.8 6.3
Restructuring and related charges 15.9 0.7 13.6
Total operating expenses 770.3 563.6 555.1
Income from operations 105.1 57.5 20.8
Loss on debt extinguishment (Note 11) (56.7) 0.0 0.0
Interest and other income, net 15.3 11.1 21.7
Interest expense (47.4) (30.0) (30.9)
Income before income taxes and equity investment earnings 16.3 38.6 11.6
Provision for income taxes 47.5 4.4 37.4
Equity investment earnings 0.8 0.6 0.0
Net (loss) income $ (30.4) $ 34.8 $ (25.8)
Net (loss) income per share:      
Basic (usd per share) $ (0.13) $ 0.16 $ (0.12)
Diluted (usd per share) $ (0.13) $ 0.15 $ (0.12)
Shares used in per-share calculations:      
Basic (in shares) 229.5 222.5 222.6
Diluted (in shares) 229.5 225.7 222.6
Product      
Revenues:      
Total net revenue $ 1,324.6 $ 912.0 $ 834.8
Cost of revenues:      
Cost of revenue 526.7 366.2 335.2
Service      
Revenues:      
Total net revenue 193.7 172.3 165.6
Cost of revenues:      
Cost of revenue $ 70.8 $ 77.5 $ 75.5