Balance Sheet Details

9 Months Ended

Sep. 27, 2025

Accounts receivable, net consisted of the following (in thousands):


	September 27, 2025		December 31, 2024
Accounts receivable	$	87,784	$	79,632
Allowance for doubtful accounts	(319)		(311)
	$	87,465	$	79,321

Inventory consisted of the following (in thousands):

Prepaid expenses and other current assets consisted of the following (in thousands):


	September 27, 2025		December 31, 2024
Supplier deposits	$	24,342	$	62,620
Prepaid expenses and other current assets	56,106		42,976
	$	80,448	$	105,596

Property and equipment, net consisted of the following (in thousands):


	September 27, 2025		December 31, 2024
Test equipment	$	64,080	$	57,595
Computer equipment	13,096		14,561
Software	11,069		11,146
Leasehold improvements	2,691		2,173
Furniture and fixtures	2,106		1,268
Total	93,042		86,743
Accumulated depreciation and amortization	(60,320)		(55,590)
	$	32,722	$	31,153

Accrued liabilities consisted of the following (in thousands):


	September 27, 2025		December 31, 2024
Compensation and related benefits	$	30,410	$	36,004
Component inventory held by suppliers	9,351		8,855
Taxes payable	8,750		5,048
Professional and consulting fees	5,625		5,385
Current portion of warranty	3,368		5,288
Travel and event expenses	3,270		518
Customer advances or rebates	3,090		4,882
Operating leases	2,046		4,303
Insurance	1,783		2,019
Operations	1,263		1,735
Product returns	1,202		2,428
Freight	924		1,640
Other	7,429		6,062
	$	78,511	$	84,167

Changes in the Company’s accrued warranty liability were as follows (in thousands):


	Three Months Ended				Nine Months Ended
	September 27, 2025		September 28, 2024		September 27, 2025		September 28, 2024
Balance at beginning of period	$	4,893	$	7,371	$	7,287	$	8,029
Accruals for product warranty	998		1,057		(205)		1,789
Cost of warranty claims	(990)		(876)		(2,181)		(2,266)

Balance at end of period	$	4,901	$	7,552	$	4,901	$	7,552