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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Sep. 27, 2024
Sep. 29, 2023
Income Statement [Abstract]    
Revenue, net $ 4,095 $ 2,750
Cost of revenue 2,544 2,651
Gross profit 1,551 99
Operating expenses:    
Research and development 519 431
Selling, general and administrative 242 207
Litigation matter 3 0
Employee termination, asset impairment and other 2 57
Business separation costs 43 0
Total operating expenses 809 695
Operating income (loss) 742 (596)
Interest and other expense:    
Interest income 9 8
Interest expense (99) (98)
Other income (expense), net (24) 4
Total interest and other expense, net (114) (86)
Income (loss) before taxes 628 (682)
Income tax expense 135 3
Net income (loss) 493 (685)
Less: dividends allocated to preferred shareholders 4 15
Less: income attributable to preferred shareholders 8 0
Net income (loss) attributable to common shareholders $ 481 $ (700)
Net income (loss) per common share:    
Basic (in dollars per share) $ 1.40 $ (2.17)
Diluted (in dollars per share) $ 1.35 $ (2.17)
Weighted average shares outstanding:    
Basic (in shares) 344 323
Diluted (in shares) 357 323