v3.26.3
Concentrations
12 Months Ended
Aug. 28, 2026
Risks and Uncertainties [Abstract]  
Concentrations
Concentrations
Our concentrations of credit risk consist principally of cash and cash equivalents and accounts receivable. Our revenues and related accounts receivable reflect a concentration of activity with certain customers. We generally do not require collateral or other security to support accounts receivable. We perform periodic credit evaluations of our customers to minimize collection risk on accounts receivable and maintain allowances for potentially uncollectible accounts.
A significant portion of our net sales is concentrated with a select number of customers. Sales to our ten largest customers were 56%, 66% and 58% of total net sales in each of 2026, 2025 and 2024, respectively. In 2026, net sales to an Integrated Memory customer were approximately $346.1 million or 20.0% of total net sales. In 2025, net sales to a different Integrated Memory customer were approximately $192.5 million or 14.1% of total net sales. Net sales to an Advanced Computing customer were approximately $249.6 million and $215.0 million in 2025 and 2024, respectively, representing 18.2% and 18.4% of total net sales. No other customers accounted for more than 10% of our total net sales in 2026, 2025 and 2024.
As of August 28, 2026, one Integrated Memory customer accounted for more than 10% of accounts receivable.
We rely on a limited number of suppliers for a significant portion of our raw materials. Purchases from our two largest suppliers were $1.3 billion, $0.6 billion and $0.4 billion in each of 2026, 2025 and 2024, respectively. As of August 28, 2026 and August 29, 2025, accounts payable and accrued expenses included $236.5 million and $77.4 million, respectively, for amounts owed to our two largest suppliers in each of 2026 and 2025.