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Unaudited Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jun. 28, 2025
Jun. 29, 2024
Jun. 28, 2025
Jun. 29, 2024
Revenue:        
Total revenue $ 592,121 $ 470,338 $ 1,628,465 $ 1,223,613
Cost of revenue:        
Total cost of revenue 484,499 415,365 1,332,976 1,074,364
Gross profit 107,622 54,973 295,489 149,249
Operating expenses:        
Research and development expenses 52,147 44,722 157,279 133,327
Selling, general, and administrative expenses 75,670 47,871 215,092 143,535
Restructuring charges 16,361 0 16,361 0
Total operating expenses 144,178 92,593 388,732 276,862
Operating loss (36,556) (37,620) (93,243) (127,613)
Other income, net 8,451 11,615 27,987 27,626
Loss before income tax and equity method investment (28,105) (26,005) (65,256) (99,987)
Income tax benefit (expense) (44) (182) 1,204 (102)
Loss from equity method investment (3,776) (537) (7,831) (537)
Net loss (31,925) (26,724) (71,883) (100,626)
Net loss attributable to noncontrolling interests (26,012) (22,043) (58,569) (84,300)
Net loss attributable to common stockholders $ (5,913) $ (4,681) $ (13,314) $ (16,326)
Loss per share of Class A Common Stock:        
Basic (in dollars per share) $ (0.05) $ (0.05) $ (0.12) $ (0.18)
Diluted (in dollars per share) $ (0.05) $ (0.05) $ (0.12) $ (0.18)
Weighted-average shares of Class A Common Stock outstanding:        
Basic (in shares) 109,201,745 102,414,284 107,664,864 92,891,276
Diluted (in shares) 109,201,745 102,414,284 107,664,864 92,891,276
Systems        
Revenue:        
Total revenue $ 559,108 $ 450,595 $ 1,536,539 $ 1,168,993
Cost of revenue:        
Total cost of revenue 457,911 398,761 1,254,289 1,024,832
Software maintenance and support        
Revenue:        
Total revenue 8,121 3,545 20,331 8,280
Cost of revenue:        
Total cost of revenue 1,756 2,539 5,735 6,201
Operation services        
Revenue:        
Total revenue 24,892 16,198 71,595 46,340
Cost of revenue:        
Total cost of revenue $ 24,832 $ 14,065 $ 72,952 $ 43,331