v3.25.4
Segment and Other Information (Tables)
 6 Months Ended
Dec. 27, 2025
Segment Reporting [Abstract]  
Schedule of Segment Net Income (Loss)
The following table presents the calculation of segment net income (loss) as follows:
Three Months Ended Six Months Ended
DecemberDecember
2025202420252024
Revenue$302.5 $267.2 $595.0 $524.9 
Adjusted cost of revenue (1)140.4 123.9 277.4 242.6 
Adjusted operating expenses (2)104.2 97.1 208.2 193.0 
Stock-based compensation38.7 34.6 75.4 61.8 
Intangible asset amortization34.0 24.6 69.2 49.2 
Interest and other (income) expense, net1.6 3.7 0.4 9.0 
Income tax benefit(2.7)(27.8)(4.8)(39.0)
Other segment expenses (3)1.1 9.3 4.6 29.6 
Segment net income (loss)$(14.8)$1.8 $(35.4)$(21.3)
Consolidated net income (loss)$(14.8)$1.8 $(35.4)$(21.3)
(1) Adjusted cost of revenue is cost of revenue adjusted for intangible asset amortization and stock-based compensation as follows:
Three Months Ended Six Months Ended
DecemberDecember
2025202420252024
Cost of revenue$170.8 $145.0 $338.7 $281.8 
Less:
Intangible asset amortization30.2 20.8 60.7 41.6 
Stock-based compensation0.2 0.3 0.6 (2.4)
Adjusted cost of revenue$140.4 $123.9 $277.4 $242.6 
(2) Adjusted operating expenses is operating expenses comprised of research and development and general and administrative expenses adjusted for stock-based compensation, intangible asset amortization, restructuring and impairment related charges as follows:
Three Months Ended Six Months Ended
DecemberDecember
2025202420252024
Operating expenses$146.8 $137.4 $294.6 $286.7 
Less:
Stock-based compensation38.5 34.3 74.8 64.2 
Intangible asset amortization3.8 3.8 8.5 7.6 
Restructuring costs0.1 0.8 2.6 15.0 
Other0.2 1.4 0.5 6.9 
Adjusted operating expenses$104.2 $97.1 $208.2 $193.0 
(3) Other segment expenses primarily include restructuring charges, legal and vendor related charges and settlements, acquisition and integration related costs, amortization of debt issuance costs and loss on early extinguishment of debt.