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Share-Based Compensation (Tables)
12 Months Ended
Jun. 28, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Units Activity RSU activity, including RSUs granted, delivered and forfeited in fiscal 2025, and the balance and aggregate intrinsic value of RSUs as of the end of fiscal 2025 were as follows:
RSU
Awards
Outstanding
Average
Grant Date
Fair Value
Balance as of June 20241,620,006$101.4 
Granted2,694,317$60.2 
Vested(882,655)$103.0 
Forfeited(450,388)$84.4 
Balance as of June 20252,981,280$66.3 
MSU activity, including MSUs granted, delivered and forfeited in fiscal 2025, and the balance and aggregate intrinsic value of MSUs as of the end of fiscal 2025 were as follows:
MSU Awards
Outstanding
Weighted
Average
Grant Date
Fair Value
Balance at June 2024200,513$249.2 
Granted120,765$113.5 
Vested(55,603)$195.9 
Forfeited(160,700)$211.4 
Balance at June 2025104,975$179.1 
PSU activity, including PSUs granted, delivered and forfeited in fiscal 2025, and the balance and aggregate intrinsic value of PSUs as of the end of fiscal 2025 were as follows:
PSU Awards
Outstanding
Weighted
Average
Grant Date
Fair Value
Balance at June 2024265,362$99.3 
Granted205,025$78.3 
Vested(17,757)$127.9 
Forfeited(261,244)$93.9 
Balance at June 2025191,386$81.5 
Schedule of Fair Value of Award Granted
The fair value of each MSU granted from our plans estimated at the date of grant using the Monte Carlo simulation model, assuming no expected dividends and the following assumptions:
202520242023
Expected volatility of company52.4%52.6%55.2%
Expected volatility of Index
14.9%-213.7%
11.5%-762.5%
17.9% - 320.7%
Correlation coefficient0.730.690.61
Expected life in years2.872.872.87
Risk-free interest rate3.86%4.65%3.24%
Fair value per award
$71.14 - $182.80
$159.79 - $268.61
$218.15- $438.24
Schedule of Shares Purchased, Weighted Average Purchase Price, Cash Received, and Aggregate Intrinsic Value for ESPP
Shares purchased, weighted average purchase price, cash received and the aggregate intrinsic value for employee stock purchase plan purchases were as follows:
202520242023
Shares purchased237,508211,425172,044
Weighted average purchase price$58.53 $74.22 $91.88 
Cash received$13.9 $15.7 $15.8 
Aggregate intrinsic value$2.5 $4.1 $2.8 
Schedule of Share-Based Compensation and Related Tax Benefit Recognized in Condensed Consolidated Statements of Operations
Share-based compensation and the related tax benefit for our stock-based awards recognized in the accompanying consolidated statements of income were as follows:
202520242023
Cost of revenue$(1.7)$4.1 $4.0 
Research and development68.8 61.0 52.7 
Selling, general and administrative45.7 53.7 65.9 
Total$112.8 $118.8 $122.6 
Income tax benefit on share-based compensation$8.4 $8.6 $13.2