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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jul. 27, 2024
Jul. 29, 2023
Jul. 27, 2024
Jul. 29, 2023
Revenue:        
Total revenue $ 942,308 $ 1,067,886 $ 2,890,843 $ 3,257,062
Cost of goods sold:        
Total cost of goods sold 538,363 618,945 1,631,275 1,864,492
Gross profit 403,945 448,941 1,259,568 1,392,570
Operating expenses:        
Research and development 188,888 189,392 571,537 561,115
Selling and marketing 121,520 118,266 373,749 367,156
General and administrative 58,248 49,349 162,504 151,184
Significant asset impairments and restructuring costs 1,361 4,174 21,987 16,625
Amortization of intangible assets 7,185 9,487 22,384 26,773
Acquisition and integration costs 0 59 0 3,474
Total operating expenses 377,202 370,727 1,152,161 1,126,327
Income from operations 26,743 78,214 107,407 266,243
Interest and other income, net 14,013 10,187 36,460 50,711
Interest expense (24,401) (24,060) (72,038) (63,819)
Income before income taxes 16,355 64,341 71,829 253,135
Provision for income taxes 2,125 34,608 24,901 89,507
Net income $ 14,230 $ 29,733 $ 46,928 $ 163,628
Basic net income per common share (in dollars per share) $ 0.10 $ 0.20 $ 0.32 $ 1.09
Diluted net income per potential common share (in dollars per share) $ 0.10 $ 0.20 $ 0.32 $ 1.09
Weighted average basic common shares outstanding (in shares) 144,394 149,690 144,876 149,472
Weighted average dilutive potential common shares outstanding (in shares) 145,361 149,977 145,795 149,867
Products        
Revenue:        
Total revenue $ 729,503 $ 865,197 $ 2,266,596 $ 2,678,242
Cost of goods sold:        
Total cost of goods sold 433,533 516,900 1,315,737 1,559,120
Services        
Revenue:        
Total revenue 212,805 202,689 624,247 578,820
Cost of goods sold:        
Total cost of goods sold $ 104,830 $ 102,045 $ 315,538 $ 305,372