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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Jun. 28, 2025
Jun. 29, 2024
Jul. 01, 2023
Revenues:      
Total net revenue $ 1,084.3 $ 1,000.4 $ 1,106.1
Cost of revenues:      
Amortization of acquired technologies 19.5 13.8 24.6
Total cost of revenues 463.2 424.5 467.3
Gross profit 621.1 575.9 638.8
Operating expenses:      
Research and development 208.7 201.9 206.9
Selling, general and administrative 349.4 333.3 328.7
Amortization of other intangibles 4.8 6.3 8.7
Restructuring and related charges 0.7 13.6 12.1
Total operating expenses 563.6 555.1 556.4
Income from operations 57.5 20.8 82.4
Loss on convertible note modification 0.0 0.0 (2.2)
Interest and other income, net 11.1 21.7 7.6
Interest expense (30.0) (30.9) (27.1)
Income before income taxes and equity investment earnings 38.6 11.6 60.7
Provision for income taxes 4.4 37.4 35.2
Equity investment earnings 0.6 0.0 0.0
Net income (loss) $ 34.8 $ (25.8) $ 25.5
Net income (loss) per share:      
Basic (usd per share) $ 0.16 $ (0.12) $ 0.11
Diluted (usd per share) $ 0.15 $ (0.12) $ 0.11
Shares used in per-share calculations:      
Basic (in shares) 222.5 222.6 224.6
Diluted (in shares) 225.7 222.6 226.6
Product      
Revenues:      
Total net revenue $ 912.0 $ 834.8 $ 936.1
Cost of revenues:      
Cost of revenue 366.2 335.2 364.9
Service      
Revenues:      
Total net revenue 172.3 165.6 170.0
Cost of revenues:      
Cost of revenue $ 77.5 $ 75.5 $ 77.8