| Summary of Components of 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 Investments | | Other
Investments | As of March 28, 2025 | | | | | | | | | | | Cash | $ | 306,857 | | | $ | — | | | $ | 306,857 | | | $ | — | | | $ | — | | | Cash equivalents | 48 | | | — | | | 48 | | | — | | | — | | | | | | | | | | | | | Certificates of deposit and time deposits | 246,426 | | | 2,579 | | | — | | | 249,005 | | | — | | | Corporate debt securities | 131,504 | | | 5,083 | | | — | | | 136,587 | | | — | | | U.S. agency and U.S. treasury securities | 257,372 | | | 808 | | | — | | | 258,180 | | | — | | | Total | $ | 942,207 | | | $ | 8,470 | | | $ | 306,905 | | | $ | 643,772 | | | $ | — | | As of June 28, 2024 | | | | | | | | | | | Cash | $ | 409,938 | | | $ | — | | | $ | 409,938 | | | $ | — | | | $ | — | | | Cash equivalents | 35 | | | — | | | 35 | | | — | | | — | | | | | | | | | | | | | Certificates of deposit and time deposits | 134,288 | | | (5) | | | — | | | 134,283 | | | — | | | Corporate debt securities | 137,695 | | | (932) | | | — | | | 136,763 | | | — | | | U.S. agency and U.S. treasury securities | 177,824 | | | (240) | | | — | | | 177,584 | | | — | | | Total | $ | 859,780 | | | $ | (1,177) | | | $ | 409,973 | | | $ | 448,630 | | | $ | — | |
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| Schedule of Available-for-Sale Securities Based on Stated Effective Maturities |
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 March 28, 2025 and June 28, 2024: | | | | | | | | | | | | | | | | | | | | | | | | | March 28, 2025 | | June 28, 2024 | | (in thousands) | Carrying
Cost | | Fair Value | | Carrying
Cost | | Fair Value | | Due within one year | $ | 234,076 | | | $ | 236,659 | | | $ | 110,671 | | | $ | 110,669 | | | Due between one to five years | 401,226 | | | 407,113 | | | 339,136 | | | 337,961 | | | Total | $ | 635,302 | | | $ | 643,772 | | | $ | 449,807 | | | $ | 448,630 | |
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