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Stock-based Compensation (Tables)
6 Months Ended
Mar. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity
The summary of the Company’s stock option activity is as follows:
Number of Options
Weighted-Average Exercise PriceWeighted-Average Remaining
Contractual Term
Aggregate Intrinsic Value
(In years)(In thousands)
Outstanding at September 30, 20238,549,957$13.99 3.6$1,689 
Exercised(916,779)$12.99  
Forfeited(25,582)$14.37  
Outstanding at March 30, 20247,607,596$14.11 3.2$37,656 
Schedule of Restricted Stock Unit Activity The summary of the Company’s RSU activity is as follows:
Number of Units
Weighted-Average Grant Date Fair
Value
Aggregate Intrinsic Value
(In thousands)
Outstanding at September 30, 20237,662,035$19.42 $98,917 
Granted9,031,130$11.74  
Released(2,355,804)$16.96  
Forfeited(622,761)$16.10  
Outstanding at March 30, 202413,714,600$14.94 $261,400 
At March 30, 2024  
Units expected to vest11,445,428$15.03 $218,150 
Schedule of Performance Stock Units Activity The summary of the Company’s PSU activity is as follows:
Number of Units
Weighted-Average Grant Date Fair
Value
Aggregate Intrinsic Value
(In thousands)
Outstanding at September 30, 2023265,191$21.27 $3,424 
Granted499,716$17.64 
Released(80,827)$23.35 
Outstanding at March 30, 2024684,080$18.37 $13,039 
Schedule of Stock-based Compensation Expense
Total stock-based compensation expense by functional category was as follows:
Three Months EndedSix Months Ended
March 30,
2024
April 1,
2023
March 30,
2024
April 1,
2023
(In thousands)
Cost of revenue$686 $581 $1,340 $1,151 
Research and development10,419 9,565 19,398 18,716 
Sales and marketing4,972 4,475 8,787 8,588 
General and administrative7,596 6,404 13,506 12,765 
Total stock-based compensation expense$23,673 $21,025 $43,031 $41,220