Pay vs Performance Disclosure - USD ($)
May 02, 2026
May 03, 2025
Apr. 27, 2024
Apr. 29, 2023
The following table sets forth the compensation for our Principal Executive Officer (“PEO”) and the average compensation for our other named executive officers, both as reported in the Summary Compensation Table and with certain adjustments to reflect the “compensation actually paid” to such individuals, as defined under SEC rules, for each of fiscal 2026, 2025, 2024 and 2023. The table also provides information on our cumulative total shareholder return (“TSR”), the cumulative TSR of our peer group, Net Income (Loss) and Revenue over such years in accordance with the SEC rules.
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| Value of Initial Fixed $100 Investment Based On: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year (a) | Summary Compensation Table Total for PEO(1) ($) (b) | Compensation Actually Paid to PEO(2) ($) (c) | Average Summary Compensation Table Total for Non-PEO Named Executive Officers(1) ($) (d) | Average Compensation Actually Paid to Non-PEO Named Executive Officers(2) ($) (e) | Total Shareholder Return(3) ($) (f) | Peer Group Total Shareholder Return(3) ($) (g) | Net Income (Loss) (in Thousands)(4) ($) (h) | Total Revenue (in Thousands)(4) ($) (i) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2026 | $14,428,500 | $76,266,563 | $2,379,500 | $23,097,084 | $1,582.66 | $326.61 | $472,279 | $1,335,116 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2025 | $6,058,750 | $13,939,751 | $3,898,747 | $8,911,887 | $414.25 | $135.54 | $52,183 | $436,775 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2024 | $6,120,667 | $7,963,167 | $2,653,479 | $2,933,163 | $159.31 | $145.97 | $(28,369) | $192,970 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2023 | $3,880,000 | $2,326,874 | $1,561,682 | $1,112,042 | $69.61 | $92.32 | $(16,547) | $184,194 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PEO 2026 | PEO 2025 | PEO 2024 | Non-PEOs 2026 | Non-PEOs 2025 | Non-PEOs 2024 | |||||||||||||||
Summary Compensation Table Total | $14,428,500 | $6,058,750 | $6,120,667 | $2,379,500 | $3,898,747 | $2,653,479 | ||||||||||||||
Less Stock Award Value Reported in Summary Compensation Table for the Covered Year | $(12,641,000) | $(4,370,000) | $(5,410,000) | $(1,580,125) | $(3,265,460) | $(2,303,680) | ||||||||||||||
Plus Year-end Fair Value for Awards Granted in the Covered Year | $36,876,000 | $4,826,000 | $4,640,000 | $4,609,500 | $5,308,600 | $1,930,240 | ||||||||||||||
Change in Fair Value of Outstanding Unvested Awards from Prior Years | $27,224,000 | $5,104,688 | $1,796,094 | $13,867,225 | $2,041,875 | $431,062 | ||||||||||||||
Change in Fair Value of Awards from Prior Years that Vested in the Covered Year | $10,379,063 | $2,320,313 | $816,406 | $3,820,984 | $928,125 | $222,062 | ||||||||||||||
| Compensation Actually Paid | $76,266,563 | $13,939,751 | $7,963,167 | $23,097,084 | $8,911,887 | $2,933,163 | ||||||||||||||
Fair values set forth in the table above are computed in accordance with ASC 718 as of the end of the respective fiscal year, other than fair values of awards that vest in the covered year, which are valued as of the applicable vesting date.
The aggregate change in actuarial present value of accumulated benefit under pension plans reflects the amount reported for the applicable year in the Summary Compensation Table. Service costs is calculated as the actuarial present value of benefits under all pension plans attributable to services rendered during the applicable fiscal year. Prior service costs is calculated as the entire cost of benefits granted (or credit for benefits reduced) in a plan amendment (or initiation) during the covered fiscal year that are attributable by the benefit formula to services rendered in periods prior to the applicable amendment.
| PEO 2026 | PEO 2025 | PEO 2024 | Non-PEOs 2026 | Non-PEOs 2025 | Non-PEOs 2024 | |||||||||||||||
Summary Compensation Table Total | $14,428,500 | $6,058,750 | $6,120,667 | $2,379,500 | $3,898,747 | $2,653,479 | ||||||||||||||
Less Stock Award Value Reported in Summary Compensation Table for the Covered Year | $(12,641,000) | $(4,370,000) | $(5,410,000) | $(1,580,125) | $(3,265,460) | $(2,303,680) | ||||||||||||||
Plus Year-end Fair Value for Awards Granted in the Covered Year | $36,876,000 | $4,826,000 | $4,640,000 | $4,609,500 | $5,308,600 | $1,930,240 | ||||||||||||||
Change in Fair Value of Outstanding Unvested Awards from Prior Years | $27,224,000 | $5,104,688 | $1,796,094 | $13,867,225 | $2,041,875 | $431,062 | ||||||||||||||
Change in Fair Value of Awards from Prior Years that Vested in the Covered Year | $10,379,063 | $2,320,313 | $816,406 | $3,820,984 | $928,125 | $222,062 | ||||||||||||||
| Compensation Actually Paid | $76,266,563 | $13,939,751 | $7,963,167 | $23,097,084 | $8,911,887 | $2,933,163 | ||||||||||||||
Fair values set forth in the table above are computed in accordance with ASC 718 as of the end of the respective fiscal year, other than fair values of awards that vest in the covered year, which are valued as of the applicable vesting date.
The aggregate change in actuarial present value of accumulated benefit under pension plans reflects the amount reported for the applicable year in the Summary Compensation Table. Service costs is calculated as the actuarial present value of benefits under all pension plans attributable to services rendered during the applicable fiscal year. Prior service costs is calculated as the entire cost of benefits granted (or credit for benefits reduced) in a plan amendment (or initiation) during the covered fiscal year that are attributable by the benefit formula to services rendered in periods prior to the applicable amendment.
Relationship between PEO and Non-PEO NEOs Compensation Actually Paid and Total Shareholder Return (“TSR”)
The following chart sets forth the relationship between compensation actually paid or (CAP) to our PEO, the average CAP to our Non-PEO NEOs, and the Company's cumulative TSR as well as the PHLX Semiconductor Sector Index cumulative TSR for the fiscal years indicated.
Relationship between PEO and Non-PEO NEOs Compensation Actually Paid and Net Income (Loss)
The following chart sets forth the relationship between compensation actually paid or (CAP) to our PEO, the average CAP to our Non-PEO NEOs, and the Company's net income (loss) for the fiscal years indicated.
Relationship between PEO and Non-PEO NEOs Compensation Actually Paid and Revenue
The following chart sets forth the relationship between compensation actually paid or (CAP) to our PEO, the average CAP to our Non-PEO NEOs, and the Company's revenue for the fiscal years indicated.
Relationship between PEO and Non-PEO NEOs Compensation Actually Paid and Total Shareholder Return (“TSR”)
The following chart sets forth the relationship between compensation actually paid or (CAP) to our PEO, the average CAP to our Non-PEO NEOs, and the Company's cumulative TSR as well as the PHLX Semiconductor Sector Index cumulative TSR for the fiscal years indicated.