v3.26.3
Pay vs Performance Disclosure
 12 Months Ended
Jun. 28, 2026
USD ($)
Jun. 29, 2025
USD ($)
Jun. 30, 2024
USD ($)
Jun. 25, 2023
USD ($)
Jun. 26, 2022
USD ($)
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Pay Versus Performance
The following disclosure has been prepared in accordance with the pay versus performance disclosure requirements set forth in Item 402(v) of Regulation S-K under the Exchange Act, which requires the presentation of certain information about the relationship between the compensation of our NEOs and our performance. Amounts reported as “Compensation Actually Paid” differ from the compensation amounts disclosed elsewhere in this proxy statement and do not reflect the value of the compensation actually received by the NEOs, including our CEO, who serves as our principal executive officer (“PEO”). For information about how our executive compensation program seeks to align pay with performance, please refer to “ – Executive Compensation and Other Information – Compensation Discussion and Analysis” beginning on page 28.
Pay Versus Performance
Fiscal Year
Summary Compensation Table Total for PEO
($)(1)
Compensation Actually Paid to PEO
($)(1)(2)
Average Summary Compensation Table Total for Non-PEO Named Executive Officers
($)(1)
Average Compensation Actually Paid to Non-PEO Named Executive Officers
($)(1)(2)
Value of Initial Fixed $100 Investment Based On: (3)
Net Income
($ in thousands)
Non-GAAP Operating Income as a Percentage of Revenue
(%)(5)
Total Shareholder Return
($)
Peer Group Total Shareholder Return
($)(4)
202640,354,475 320,642,970 8,781,071 63,019,272 633 430 7,265,396 35.8
2025
28,298,161 14,697,241 8,377,096 7,038,953 161 179 5,358,217 
32.3
2024
30,135,041 71,745,236 6,933,795 15,027,121 175 175 3,827,772 
30.3
202318,310,099 35,457,770 4,654,089 8,924,931 99 111 4,510,931 30.7
202216,941,156 10,266,747 4,179,804 3,029,959 72 85 4,605,286 31.3 
        
Company Selected Measure Name non-GAAP operating income as a percentage of revenue        
Named Executive Officers, Footnote Timothy M. Archer was our CEO for each of the years presented. Our other NEOs, other than the CEO, during the years presented were as follows:
•FY 2026: Douglas R. Bettinger, Seshasayee (Sesha) Varadarajan, Neil J. Fernandes, and Vahid Vahedi
•FY 2025: Douglas R. Bettinger, Patrick J. Lord, Ava A. Harter, and Seshasayee (Sesha) Varadarajan
•FY 2024: Douglas R. Bettinger, Patrick J. Lord, Seshasayee (Sesha) Varadarajan, and Vahid Vahedi
•FY 2023: Douglas R. Bettinger, Patrick J. Lord, Vahid Vahedi, and Seshasayee (Sesha) Varadarajan
•FY 2022: Douglas R. Bettinger, Patrick J. Lord, Vahid Vahedi, and Seshasayee (Sesha) Varadarajan
        
Peer Group Issuers, Footnote The peer group used is the PHLX Semiconductor Sector Total Return Index, which is the same peer group used in Part II, Item 5 of our Form 10-K.        
PEO Total Compensation Amount $ 40,354,475 $ 28,298,161 $ 30,135,041 $ 18,310,099 $ 16,941,156
PEO Actually Paid Compensation Amount $ 320,642,970 14,697,241 71,745,236 35,457,770 10,266,747
Adjustment To PEO Compensation, Footnote The following tables present the amounts deducted from and added to our CEO’s total compensation for each year, as well as the average amounts deducted from and added to the average of the total compensation for the other NEOs, other than the CEO, for each year, as reported in the Summary Compensation Table, in order to determine the “compensation actually paid” to our CEO and the average “compensation actually paid”to the other NEOs, in accordance with SEC rules. Neither our CEO nor the other NEOs participated in any defined benefit or actuarial pension plans (including supplemental plans) during the years presented, and no such plans are reported in the Summary Compensation Table. As a result, no information regarding deductions or additions related to pension plans is presented.
For purposes of these adjustments, the fair value of equity awards was determined as follows: (i) for service-based RSUs at fiscal year-end, using the closing price of the Company’s common stock on the last trading day preceding the fiscal year-end; (ii) for Market-based PRSUs at fiscal year-end, using a Monte Carlo simulation model with assumptions for expected volatility, risk-free interest rate, expected term and dividend yield determined as of the fiscal year-end; (iii) for service-based RSUs and Market-based PRSUs upon vesting, using the closing price of the Company’s common stock on the vesting date; (iv) for stock option awards at fiscal year-end, using a Black-Scholes option valuation model with assumptions for expected volatility, risk-free interest rate, expected term and dividend yield determined as of the fiscal year-end; and (v) for stock option awards upon vesting, using a Black-Scholes option valuation model with assumptions for expected volatility, risk-free interest rate, expected term and dividend yield determined as of the vesting date.
CEO
AdjustmentsFY 2026FY 2025FY 2024FY 2023FY 2022
Summary Compensation Table (SCT) Total40,354,475 28,298,161 30,135,041 18,310,099 16,941,156 
(Deduct): SCT “Stock Awards” column value(33,539,410)(24,101,123)(19,847,946)(11,291,907)(10,079,176)
(Deduct): SCT “Option Awards” column value— — (6,261,433)(3,643,192)(2,669,527)
Add: year-end fair value of equity awards granted in the fiscal year that are outstanding and unvested as of the fiscal year-end57,296,009 33,443,663 26,917,750 18,979,835 11,041,230 
Add (Deduct): year-over-year change in fair value of equity awards granted in prior years that are outstanding and unvested as of the fiscal year-end187,848,957 (7,464,817)30,177,855 7,625,472 (7,109,304)
Add: vesting date fair value of equity awards granted and vested in the fiscal year— — — — — 
Add (Deduct): year-over-year change in fair value of equity awards granted in prior years that vested in the fiscal year68,682,939 (15,478,643)10,623,969 5,477,463 2,142,368 
(Deduct): fair value as of prior year-end of equity awards granted in prior years that failed to vest in the fiscal year— — — — — 
Add: dollar value of dividends/earnings paid on equity awards in the fiscal year— — — — — 
Compensation Actually Paid320,642,970 14,697,241 71,745,236 35,457,770 10,266,747 
        
Non-PEO NEO Average Total Compensation Amount $ 8,781,071 8,377,096 6,933,795 4,654,089 4,179,804
Non-PEO NEO Average Compensation Actually Paid Amount $ 63,019,272 7,038,953 15,027,121 8,924,931 3,029,959
Adjustment to Non-PEO NEO Compensation Footnote The following tables present the amounts deducted from and added to our CEO’s total compensation for each year, as well as the average amounts deducted from and added to the average of the total compensation for the other NEOs, other than the CEO, for each year, as reported in the Summary Compensation Table, in order to determine the “compensation actually paid” to our CEO and the average “compensation actually paid”to the other NEOs, in accordance with SEC rules. Neither our CEO nor the other NEOs participated in any defined benefit or actuarial pension plans (including supplemental plans) during the years presented, and no such plans are reported in the Summary Compensation Table. As a result, no information regarding deductions or additions related to pension plans is presented.
For purposes of these adjustments, the fair value of equity awards was determined as follows: (i) for service-based RSUs at fiscal year-end, using the closing price of the Company’s common stock on the last trading day preceding the fiscal year-end; (ii) for Market-based PRSUs at fiscal year-end, using a Monte Carlo simulation model with assumptions for expected volatility, risk-free interest rate, expected term and dividend yield determined as of the fiscal year-end; (iii) for service-based RSUs and Market-based PRSUs upon vesting, using the closing price of the Company’s common stock on the vesting date; (iv) for stock option awards at fiscal year-end, using a Black-Scholes option valuation model with assumptions for expected volatility, risk-free interest rate, expected term and dividend yield determined as of the fiscal year-end; and (v) for stock option awards upon vesting, using a Black-Scholes option valuation model with assumptions for expected volatility, risk-free interest rate, expected term and dividend yield determined as of the vesting date.
Other NEOs (Average)
AdjustmentsFY 2026FY 2025FY 2024FY 2023FY 2022
Summary Compensation Table (SCT) Total8,781,071 8,377,096 6,933,795 4,654,089 4,179,804 
(Deduct): SCT “Stock Awards” column value(6,626,107)(6,574,519)(4,371,479)(2,709,589)(2,122,367)
(Deduct): SCT “Option Awards” column value— (129,498)(1,160,663)(737,158)(510,227)
Add: year-end fair value of equity awards granted in the fiscal year that are outstanding and unvested as of the fiscal year-end11,305,836 9,026,385 4,637,696 4,391,629 2,280,231 
Add (Deduct): year-over-year change in fair value of equity awards granted in prior years that are outstanding and unvested as of the fiscal year-end36,511,493 (1,313,954)6,531,859 1,681,231 (1,644,600)
Add: vesting date fair value of equity awards granted and vested in the fiscal year— 117,447 — — — 
Add (Deduct): year-over-year change in fair value of equity awards granted in prior years that vested in the fiscal year13,046,979 (2,464,004)2,455,913 1,644,729 847,118 
(Deduct): fair value as of prior year-end of equity awards granted in prior years that failed to vest in the fiscal year— — — — — 
Add: dollar value of dividends/earnings paid on equity awards in the fiscal year— — — — — 
Compensation Actually Paid63,019,272 7,038,953 15,027,121 8,924,931 3,029,959 
        
Compensation Actually Paid vs. Total Shareholder Return
2199023269869
(1)    Total shareholder return is calculated based on the value of an initial fixed investment of $100 on June 25, 2021 through the end of the listed fiscal year, and assuming dividends are reinvested.
        
Compensation Actually Paid vs. Net Income
2199023272574
        
Compensation Actually Paid vs. Company Selected Measure
2199023272568
(2)    Appendix A contains a reconciliation of non-GAAP operating income as a percentage of revenue to the results reported in our financial statements.
        
Total Shareholder Return Vs Peer Group
2199023269869
(1)    Total shareholder return is calculated based on the value of an initial fixed investment of $100 on June 25, 2021 through the end of the listed fiscal year, and assuming dividends are reinvested.
        
Tabular List, Table
Non-GAAP operating income as a percentage of revenue (Company-Selected Measure)
Relative TSR (defined as the Company’s TSR relative to the TSR of the PHLX Semiconductor Sector Total Return Index)
Non-GAAP gross margin as a percentage of revenue
        
Total Shareholder Return Amount $ 633 161 175 99 72
Peer Group Total Shareholder Return Amount 430 179 175 111 85
Net Income (Loss) $ 7,265,396,000 $ 5,358,217,000 $ 3,827,772,000 $ 4,510,931,000 $ 4,605,286,000
Company Selected Measure Amount 35.8 32.3 30.3 30.7 31.3
PEO Name Timothy M. Archer        
Additional 402(v) Disclosure Total shareholder return is calculated based on the value of an initial fixed investment of $100 on June 25, 2021 through the end of the listed fiscal year, and assuming dividends are reinvested.        
Measure:: 1          
Pay vs Performance Disclosure          
Name Non-GAAP operating income as a percentage of revenue (Company-Selected Measure)        
Non-GAAP Measure Description Appendix A contains a reconciliation of non-GAAP operating income as a percentage of revenue to the results reported in our financial statements.        
Measure:: 2          
Pay vs Performance Disclosure          
Name Relative TSR (defined as the Company’s TSR relative to the TSR of the PHLX Semiconductor Sector Total Return Index)        
Measure:: 3          
Pay vs Performance Disclosure          
Name Non-GAAP gross margin as a percentage of revenue        
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 57,296,009 $ 33,443,663 $ 26,917,750 $ 18,979,835 $ 11,041,230
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 187,848,957 (7,464,817) 30,177,855 7,625,472 (7,109,304)
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 68,682,939 (15,478,643) 10,623,969 5,477,463 2,142,368
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
PEO | Aggregate Grant Date Fair Value of Stock Award Amounts Reported in Summary Compensation Table [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (33,539,410) (24,101,123) (19,847,946) (11,291,907) (10,079,176)
PEO | Aggregate Grant Date Fair Value of Option Award Amounts Reported in Summary Compensation Table [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 (6,261,433) (3,643,192) (2,669,527)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 11,305,836 9,026,385 4,637,696 4,391,629 2,280,231
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 36,511,493 (1,313,954) 6,531,859 1,681,231 (1,644,600)
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 117,447 0 0 0
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 13,046,979 (2,464,004) 2,455,913 1,644,729 847,118
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | Aggregate Grant Date Fair Value of Stock Award Amounts Reported in Summary Compensation Table [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (6,626,107) (6,574,519) (4,371,479) (2,709,589) (2,122,367)
Non-PEO NEO | Aggregate Grant Date Fair Value of Option Award Amounts Reported in Summary Compensation Table [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0 $ (129,498) $ (1,160,663) $ (737,158) $ (510,227)