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Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Jun. 29, 2024
Jun. 24, 2023
Jun. 25, 2022
Income Statement [Abstract]      
Net revenue $ 959.4 $ 1,355.1 $ 1,739.7
Cost of revenue 519.6 639.2 796.6
Gross margin 439.8 715.9 943.1
Operating expenses:      
Research and development 336.3 351.2 367.3
Selling, general, and administrative 161.3 175.0 168.4
Acquired intangibles amortization 17.3 35.4 38.7
Intangible asset impairment charge 16.0 0.0 0.0
Restructuring costs 10.5 0.0 18.3
Total operating expenses 541.4 561.6 592.7
Operating (loss)/income (101.6) 154.3 350.4
Interest and other income 42.3 27.2 3.0
Interest expense (65.3) (55.5) (30.2)
Loss on redemption of convertible notes 0.0 0.0 (8.1)
Gain from sale and leaseback transaction 0.0 0.0 5.4
(Loss)/income before provision for income taxes (124.6) 126.0 320.5
(Benefit)/provision for income taxes (250.2) 52.4 64.6
Equity investment gain 0.0 0.0 1.6
Net income $ 125.6 $ 73.6 $ 257.5
Net income per share:      
Basic $ 3.2 $ 1.86 $ 6.6
Diluted $ 3.16 $ 1.83 $ 6.33
Shares used in computing net income:      
Basic 39.2 39.6 39
Diluted 39.7 40.2 40.7