v3.26.3
Cash, cash equivalents and short-term investments
 3 Months Ended
Sep. 25, 2026
Cash and Cash Equivalents [Abstract]  
Cash, cash equivalents and short-term investments Cash, cash equivalents and short-term investments
The Company’s cash, cash equivalents, and short-term investments are as follows:
Fair Value
(in thousands)Carrying
Cost		Unrealized
Gain/
(Loss)		Cash and
Cash
Equivalents		Short-term InvestmentsOther
Investments
As of September 25, 2026
Cash$381,130 $— $381,130 $— $— 
Cash equivalents11,196 — 11,196 — — 
Certificates of deposit and time deposits21,685 413 — 22,098 — 
Corporate debt securities174,920 2,640 — 177,560 — 
U.S. agency and U.S. treasury securities165,367 (1,598)— 163,769 — 
Total$754,298 $1,455 $392,326 $363,427 $— 
As of June 26, 2026
Cash$232,210 $— $232,210 $— $— 
Cash equivalents114,501 — 114,501 — — 
Certificates of deposit and time deposits43,690 560 — 44,250 — 
Corporate debt securities194,798 5,839 — 200,637 — 
U.S. agency and U.S. treasury securities284,256 (799)— 283,457 — 
Total$869,455 $5,600 $346,711 $528,344 $— 
All highly liquid investments with original maturities of three months or less at the date of purchase are classified as cash equivalents. Management determines the appropriate classification of its investments at the time of purchase. The Company may sell certain of its short-term investments prior to their stated maturities for strategic reasons including, but not limited to, anticipation of credit deterioration and duration management.
The following table summarizes the cost and estimated fair value of debt securities classified as available-for-sale securities based on stated effective maturities as of September 25, 2026 and June 26, 2026:
September 25, 2026June 26, 2026
(in thousands)Carrying
Cost		Fair ValueCarrying
Cost		Fair Value
Due within one year$21,685 $22,098 $43,690 $44,250 
Due between one to five years340,287 341,329 479,054 484,094 
Total$361,972 $363,427 $522,744 $528,344