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Segment Information
 9 Months Ended
Sep. 27, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company develops, markets and sells an appliance-based broadband platform, cloud and managed services. There are no segment managers who are held accountable for operations, operating results and plans for levels or components below the Company unit level. Accordingly, the Company is a single reporting segment and operating unit structure. The Company’s chief operating decision maker (“CODM”) is the Company’s Chief Executive Officer, who reviews financial information
presented on a Company-wide basis, for purposes of allocating resources and evaluating financial performance. The CODM assesses the performance of the single segment and allocates resources based on revenue and measures derived from gross margin and operating loss that is reported in the Condensed Consolidated Statements of Comprehensive Income (Loss). In addition, the CODM uses a measure derived from operating expenses in the Condensed Consolidated Statements of Comprehensive Income (Loss) to monitor budget versus actual results to determine the Company’s and management’s performance. The Company does not have intra-entity sales or transfers. The measure of the single segment assets is the consolidated assets in the Condensed Consolidated Balance Sheet. The accounting policies of the single segment are the same as described in the significant accounting policies.
Geographic Information:
A summary of revenue disaggregated by geographic region based upon the location of the customers was as follows (in thousands):
Three Months EndedNine Months Ended
September 27, 2025September 28, 2024September 27, 2025September 28, 2024
United States$249,213 $187,080 $679,432 $579,873 
Europe7,247 5,588 25,341 19,161 
Americas ex U.S.6,964 6,573 18,313 20,760 
Rest of world2,013 1,704 4,475 5,600 
$265,437 $200,945 $727,561 $625,394 
The Company’s property and equipment, net of accumulated depreciation, were located in the following geographical areas (in thousands):
September 27,
2025		December 31, 2024
United States$29,292 $27,601 
China2,575 2,818 
India855 734 
$32,722 $31,153 
Selected Financial Information:
The following table presents selected financial information with respect to the Company’s single operating segment (in thousands):
Three Months EndedNine Months Ended
September 27,
2025		September 28,
2024		September 27,
2025		September 28,
2024
Revenue$265,437 $200,945 $727,561 $625,394 
Adjusted cost of revenue (1)
(112,293)(89,524)(313,343)(280,538)
Adjusted sales and marketing operating expenses (2)
(54,099)(47,671)(158,295)(144,764)
Adjusted research and development operating expenses (3)
(41,090)(40,684)(119,887)(120,317)
Adjusted general and administrative operating expenses (4)
(19,551)(16,987)(57,438)(52,857)
Other segment items (5)
(20,999)(16,975)(66,883)(51,202)
Interest income and other expenses, net2,929 3,104 9,056 8,278 
Income taxes(4,676)3,824 (10,099)4,183 
Net income (loss)$15,658 $(3,968)$10,672 $(11,823)
(1) GAAP cost of revenue adjusted for stock-based compensation and intangible asset amortization.
(2) GAAP sales and marketing operating expenses adjusted for stock-based compensation.
(3) GAAP research and development operating expenses adjusted for stock-based compensation.
(4) GAAP general and administrative operating expenses adjusted for stock-based compensation.
(5) Other segment items consisted of stock-based compensation expense and intangible asset amortization.