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Pay vs Performance Disclosure - USD ($)
4 Months Ended 12 Months Ended
Sep. 16, 2025
May 31, 2025
Jun. 28, 2025
Jun. 29, 2024
Jun. 24, 2023
Jun. 25, 2022
Jun. 26, 2021
Pay vs Performance Disclosure              
Pay vs Performance Disclosure, Table    
Pay Versus Performance
The following table summarizes information regarding the compensation for our principal executive officer (“PEO”) and other NEOs, excluding the CEO (the “Non-PEO NEOs”), including CAP, as well as certain financial performance metrics during Fiscal 2025, 2024, 2023, 2022 and 2021.
Value of Initial Fixed $100
Investment Based on:
Fiscal
Year
Summary
Compensation
Table Total for PEO(1)
($)
Summary Compensation Table Total for Second PEO(1)
($)
Summary Compensation Table Total for Third PEO(1)
($)
Compensation
Actually Paid to First PEO(1)(2)(3)
($)
Compensation
 Actually Paid to Second PEO(1)(2)(3)
($)
Compensation Actually Paid to Third
PEO(1)(2)(3)
($)
Average
Summary
Compensation
Table Total for
Non-PEO
NEOs(1)
($)
Average
Compensation
Actually Paid to Non-PEO
NEOs(1)(2)(3)
($)
Total
Shareholder
Return(4)
($)
Peer Group Total Shareholder Return(4)
($)
Net Income
(Loss)
(in millions)
($)
Non-GAAP
Earnings Per
Share(5)
($)
202511,342,591 10,163,111 1,916,892 (16,760,220)11,424,851 1,916,892 4,917,802 3,608,549 $107.8$277.8(47.80)3.62 
202423,774,730 — — 22,826,141 — — 6,000,519 2,053,539 $146.7$274.1125.60 2.25 
202319,577,634 — — (23,368,222)— — 4,994,076 (225,753)$142.0$184.073.60 8.12 
202214,160,936 — — 11,696,441 — — 4,057,648 4,497,491 $196.4$128.0257.50 13.54 
202111,704,655 — — 81,784,131 — — 3,595,333 12,090,422 $258.8$167.679.60 8.26 
1.Mr. Hurlston served as our PEO in each of Fiscal 2025, 2024, 2023, 2022 and 2021 (first PEO). Mr. Rizvi was our PEO from February 2025 to May 2025 (second PEO). Mr. Patel has been our PEO since June 2025 to present (third PEO). The individuals comprising the Non-PEO NEOs for each year presented are listed below:
2021
2022
20232024
2025
Dean ButlerDean ButlerDean ButlerDean Butler
Lisa Bodensteiner
Saleel AwsareSaleel AwsareSaleel AwsareLisa Bodensteiner
Satish Ganesan
John McFarlandJohn McFarlandJohn McFarlandSatish Ganesan
Vikram Gupta
Philip KuminCraig SteinCraig SteinVikram Gupta
Saleel Awsare
2.The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the Company's NEOs. These amounts reflect the Summary Compensation Table Total with certain adjustments as described in footnote 3 below.
3.Compensation Actually Paid reflects the exclusions and inclusion of certain amounts for the PEOs and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the totals from the Stock Awards column set forth in the Summary Compensation Table.
RECONCILIATION OF SUMMARY COMPENSATION TABLE TOTAL COMPENSATION FOR CEO TO COMPENSATION ACTUALLY PAID
Equity Award Adjustments
Deduct:Add:Add/(Deduct):Add/(Deduct):Deduct:
Fiscal
Year
Summary
Compensation Table
Total for PEO(1)(2)
($)
Value of Equity
Awards
Reported in
Summary
Compensation
Table
($)
Year End Fair
Value of Awards
Granted During
the Year which
were Unvested at
Year End
($)
Year Over Year
Change in Fair Value
of Outstanding and
Unvested Awards
($)
Change in Fair
Value of Awards
Granted in Prior
Years which
Vested During
the Year
($)
Fair Value of Awards Granted
in Prior Fiscal
Years and
Forfeited During
the Year
($)
Total Equity
Award
Adjustments
($)
Compensation
Actually Paid
to PEO
($)
202511,342,591 (10,870,708)— — (2,503,806)(14,728,297)(17,232,103)(16,760,220)
202510,163,111 (8,873,782)10,135,522 — — — 10,135,522 11,424,851 
20251,916,892 — — — — — — 1,916,892 
202423,774,730 (22,759,707)16,613,449 (281,303)5,478,972 — 21,811,118 22,826,141 
202319,577,634 (18,339,934)5,599,669 (15,234,211)(14,971,380)— (24,605,922)(23,368,222)
202214,160,936 (11,997,489)11,393,086 3,223,623 (5,083,715)— 9,532,994 11,696,441 
202111,704,655 (9,723,998)19,304,691 59,159,479 1,339,304 — 79,803,474 81,784,131 
4.The Peer Group TSR set forth in this table utilizes the PHLX Semiconductor Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the year ended June 28, 2025. This is the first year that the PHLX Semiconductor Index was added to the Annual Report. The comparison assumes $100 was invested for the period starting June 27, 2020, through the end of the listed year in the Company and in the PHLX Semiconductor Index, respectively. Historical stock performance is not necessarily indicative of future stock performance. The peer group used in last year's Pay Versus Performance disclosure was the Russell 2000 Index. The Peer Group TSR for PHLX Semiconductor Index and the Russell 2000 Index would have been as follows:
Peer Group
20212022202320242025
PHLX Semiconductor Index
167.6128.0184.0274.1277.8
Russell 2000 Index
160.3118.5131.0142.1150.9
5.We determined Non-GAAP Earnings Per Share (diluted) to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEO and Non-PEO NEOs in 2025. Earnings Per Share is a non-GAAP measure that refers to Earnings Per Share plus Adjustments, and is defined in Appendix A of the CD&A for each of the listed years. Non-GAAP Earnings Per Share may not have been the most important financials performance measure for all years prior to 2025, and we may determine a different financial performance measure to be the most important financial performance measure in future years.
RECONCILIATION OF SUMMARY COMPENSATION TABLE TOTAL COMPENSATION FOR NON-PEO NEOS TO COMPENSATION ACTUALLY PAID
Equity Award Adjustments(a)
Deduct:Add:Add/(Deduct):Add/(Deduct):Add:Deduct:
Fiscal
Year
Summary
Compensation Table
Total for
Non-PEO
NEOs(1)(2)
($)
Value of Equity
Awards Reported
in Summary
Compensation
Table
($)
Year End Fair
Value of Awards
Granted During
the Year which
were Unvested
at Year End
($)
Year Over Year
Change in Fair
Value of
Outstanding and
Unvested
Awards
($)
Change in Fair
Value of Awards
Granted in Prior
Years which
Vested During
the Year
($)
Fair Value of
Awards
Granted and
Vested During the Fiscal Year
($)
Fair Value of Awards Granted
in Prior Fiscal
Years and
Forfeited During
the Year
($)
Total Equity
Award
Adjustments
($)
Compensation
Actually Paid
to Non-PEO
NEOs
($)
20254,917,802 (4,022,717)4,542,045 (1,296,057)(532,524)— — 2,713,464 3,608,549 
20246,000,519 (5,584,995)2,161,152 (12,785)(115,537)139,694 (534,509)1,638,015 2,053,539 
20234,994,076 (4,393,527)1,341,489 (1,418,204)(749,587)— — (826,302)(225,753)
20224,057,648 (3,175,582)3,015,602 82,646 517,177 — — 3,615,425 4,497,491 
20213,595,333 (2,098,558)4,166,212 5,653,830 773,605 — — 10,593,647 12,090,422 
       
Company Selected Measure Name     Non-GAAP Earnings Per Share        
Named Executive Officers, Footnote     Mr. Hurlston served as our PEO in each of Fiscal 2025, 2024, 2023, 2022 and 2021 (first PEO). Mr. Rizvi was our PEO from February 2025 to May 2025 (second PEO). Mr. Patel has been our PEO since June 2025 to present (third PEO). The individuals comprising the Non-PEO NEOs for each year presented are listed below:
2021
2022
20232024
2025
Dean ButlerDean ButlerDean ButlerDean Butler
Lisa Bodensteiner
Saleel AwsareSaleel AwsareSaleel AwsareLisa Bodensteiner
Satish Ganesan
John McFarlandJohn McFarlandJohn McFarlandSatish Ganesan
Vikram Gupta
Philip KuminCraig SteinCraig SteinVikram Gupta
Saleel Awsare
       
Peer Group Issuers, Footnote     The Peer Group TSR set forth in this table utilizes the PHLX Semiconductor Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the year ended June 28, 2025. This is the first year that the PHLX Semiconductor Index was added to the Annual Report. The comparison assumes $100 was invested for the period starting June 27, 2020, through the end of the listed year in the Company and in the PHLX Semiconductor Index, respectively. Historical stock performance is not necessarily indicative of future stock performance. The peer group used in last year's Pay Versus Performance disclosure was the Russell 2000 Index. The Peer Group TSR for PHLX Semiconductor Index and the Russell 2000 Index would have been as follows:
Peer Group
20212022202320242025
PHLX Semiconductor Index
167.6128.0184.0274.1277.8
Russell 2000 Index
160.3118.5131.0142.1150.9
       
Adjustment To PEO Compensation, Footnote    
3.Compensation Actually Paid reflects the exclusions and inclusion of certain amounts for the PEOs and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the totals from the Stock Awards column set forth in the Summary Compensation Table.
RECONCILIATION OF SUMMARY COMPENSATION TABLE TOTAL COMPENSATION FOR CEO TO COMPENSATION ACTUALLY PAID
Equity Award Adjustments
Deduct:Add:Add/(Deduct):Add/(Deduct):Deduct:
Fiscal
Year
Summary
Compensation Table
Total for PEO(1)(2)
($)
Value of Equity
Awards
Reported in
Summary
Compensation
Table
($)
Year End Fair
Value of Awards
Granted During
the Year which
were Unvested at
Year End
($)
Year Over Year
Change in Fair Value
of Outstanding and
Unvested Awards
($)
Change in Fair
Value of Awards
Granted in Prior
Years which
Vested During
the Year
($)
Fair Value of Awards Granted
in Prior Fiscal
Years and
Forfeited During
the Year
($)
Total Equity
Award
Adjustments
($)
Compensation
Actually Paid
to PEO
($)
202511,342,591 (10,870,708)— — (2,503,806)(14,728,297)(17,232,103)(16,760,220)
202510,163,111 (8,873,782)10,135,522 — — — 10,135,522 11,424,851 
20251,916,892 — — — — — — 1,916,892 
202423,774,730 (22,759,707)16,613,449 (281,303)5,478,972 — 21,811,118 22,826,141 
202319,577,634 (18,339,934)5,599,669 (15,234,211)(14,971,380)— (24,605,922)(23,368,222)
202214,160,936 (11,997,489)11,393,086 3,223,623 (5,083,715)— 9,532,994 11,696,441 
202111,704,655 (9,723,998)19,304,691 59,159,479 1,339,304 — 79,803,474 81,784,131 
       
Non-PEO NEO Average Total Compensation Amount     $ 4,917,802 $ 6,000,519 $ 4,994,076 $ 4,057,648 $ 3,595,333
Non-PEO NEO Average Compensation Actually Paid Amount     $ 3,608,549 2,053,539 (225,753) 4,497,491 12,090,422
Adjustment to Non-PEO NEO Compensation Footnote    
RECONCILIATION OF SUMMARY COMPENSATION TABLE TOTAL COMPENSATION FOR NON-PEO NEOS TO COMPENSATION ACTUALLY PAID
Equity Award Adjustments(a)
Deduct:Add:Add/(Deduct):Add/(Deduct):Add:Deduct:
Fiscal
Year
Summary
Compensation Table
Total for
Non-PEO
NEOs(1)(2)
($)
Value of Equity
Awards Reported
in Summary
Compensation
Table
($)
Year End Fair
Value of Awards
Granted During
the Year which
were Unvested
at Year End
($)
Year Over Year
Change in Fair
Value of
Outstanding and
Unvested
Awards
($)
Change in Fair
Value of Awards
Granted in Prior
Years which
Vested During
the Year
($)
Fair Value of
Awards
Granted and
Vested During the Fiscal Year
($)
Fair Value of Awards Granted
in Prior Fiscal
Years and
Forfeited During
the Year
($)
Total Equity
Award
Adjustments
($)
Compensation
Actually Paid
to Non-PEO
NEOs
($)
20254,917,802 (4,022,717)4,542,045 (1,296,057)(532,524)— — 2,713,464 3,608,549 
20246,000,519 (5,584,995)2,161,152 (12,785)(115,537)139,694 (534,509)1,638,015 2,053,539 
20234,994,076 (4,393,527)1,341,489 (1,418,204)(749,587)— — (826,302)(225,753)
20224,057,648 (3,175,582)3,015,602 82,646 517,177 — — 3,615,425 4,497,491 
20213,595,333 (2,098,558)4,166,212 5,653,830 773,605 — — 10,593,647 12,090,422 
       
Compensation Actually Paid vs. Total Shareholder Return    
4947802327451
       
Compensation Actually Paid vs. Net Income    
4947802327461
       
Compensation Actually Paid vs. Company Selected Measure    
4947802327467
       
Total Shareholder Return Vs Peer Group    
4947802327451
       
Tabular List, Table    
Required Tabular Disclosure of Most Important Financial Performance Measures
The following table is an unranked list of the most important financial performance measures linking Fiscal 2025 NEO CAP to Company performance:
Revenue
Non-GAAP Operating Profit
Non-GAAP EPS
Non-GAAP Gross Margin Percentage
Relative TSR compared to the peer companies in the Russell 2000 Index
       
Total Shareholder Return Amount     $ 107.8 146.7 142.0 196.4 258.8
Peer Group Total Shareholder Return Amount     277.8 274.1 184.0 128.0 167.6
Net Income (Loss)     $ (47,800,000) $ 125,600,000 $ 73,600,000 $ 257,500,000 $ 79,600,000
Company Selected Measure Amount     3.62 2.25 8.12 13.54 8.26
Additional 402(v) Disclosure     The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the Company's NEOs. These amounts reflect the Summary Compensation Table Total with certain adjustments as described in footnote 3 below.        
Measure:: 1              
Pay vs Performance Disclosure              
Name     Revenue        
Measure:: 2              
Pay vs Performance Disclosure              
Name     Non-GAAP Operating Profit        
Measure:: 3              
Pay vs Performance Disclosure              
Name     Non-GAAP EPS        
Measure:: 4              
Pay vs Performance Disclosure              
Name     Non-GAAP Gross Margin Percentage        
Measure:: 5              
Pay vs Performance Disclosure              
Name     Relative TSR compared to the peer companies in the Russell 2000 Index        
Mr. Hurlston [Member]              
Pay vs Performance Disclosure              
PEO Total Compensation Amount     $ 11,342,591 $ 23,774,730 $ 19,577,634 $ 14,160,936 $ 11,704,655
PEO Actually Paid Compensation Amount     $ (16,760,220) $ 22,826,141 $ (23,368,222) $ 11,696,441 $ 81,784,131
PEO Name     Mr. Hurlston Mr. Hurlston Mr. Hurlston Mr. Hurlston Mr. Hurlston
Mr. Rizvi [Member]              
Pay vs Performance Disclosure              
PEO Total Compensation Amount     $ 10,163,111        
PEO Actually Paid Compensation Amount     11,424,851        
PEO Name   Mr. Rizvi          
Mr. Patel [Member]              
Pay vs Performance Disclosure              
PEO Total Compensation Amount     1,916,892        
PEO Actually Paid Compensation Amount     1,916,892        
PEO Name Mr. Patel            
PEO | Mr. Hurlston [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (10,870,708) $ (22,759,707) $ (18,339,934) $ (11,997,489) $ (9,723,998)
PEO | Mr. Hurlston [Member] | Equity Awards Adjustments, Excluding Value Reported in Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (17,232,103) 21,811,118 (24,605,922) 9,532,994 79,803,474
PEO | Mr. Hurlston [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0 16,613,449 5,599,669 11,393,086 19,304,691
PEO | Mr. Hurlston [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0 (281,303) (15,234,211) 3,223,623 59,159,479
PEO | Mr. Hurlston [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (2,503,806) 5,478,972 (14,971,380) (5,083,715) 1,339,304
PEO | Mr. Hurlston [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (14,728,297) 0 0 0 0
PEO | Mr. Rizvi [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (8,873,782)        
PEO | Mr. Rizvi [Member] | Equity Awards Adjustments, Excluding Value Reported in Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     10,135,522        
PEO | Mr. Rizvi [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     10,135,522        
PEO | Mr. Rizvi [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0        
PEO | Mr. Rizvi [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0        
PEO | Mr. Rizvi [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0        
PEO | Mr. Patel [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0        
PEO | Mr. Patel [Member] | Equity Awards Adjustments, Excluding Value Reported in Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0        
PEO | Mr. Patel [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0        
PEO | Mr. Patel [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0        
PEO | Mr. Patel [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0        
PEO | Mr. Patel [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0        
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (4,022,717) (5,584,995) (4,393,527) (3,175,582) (2,098,558)
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     2,713,464 1,638,015 (826,302) 3,615,425 10,593,647
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     4,542,045 2,161,152 1,341,489 3,015,602 4,166,212
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (1,296,057) (12,785) (1,418,204) 82,646 5,653,830
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0 139,694 0 0 0
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (532,524) (115,537) (749,587) 517,177 773,605
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     $ 0 $ (534,509) $ 0 $ 0 $ 0