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Stock-based Compensation (Tables)
9 Months Ended
Jun. 29, 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(1,282,266)$12.72  
Forfeited(25,582)$14.37  
Outstanding at June 29, 20247,242,109$14.21 3.1$5,424 
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 
Granted9,294,757$11.90  
Released(3,573,089)$16.34  
Forfeited(926,096)$15.84  
Outstanding at June 29, 202412,457,607$14.96 $183,874 
At June 29, 2024  
Units expected to vest10,483,861$15.06 $154,742 
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 June 29, 2024684,080$18.37 $10,097 
Schedule of Stock-based Compensation Expense
Total stock-based compensation expense by functional category was as follows:
Three Months EndedNine Months Ended
June 29,
2024
July 1,
2023
June 29,
2024
July 1,
2023
(In thousands)
Cost of revenue$655 $450 $1,995 $1,601 
Research and development9,735 8,637 29,133 27,353 
Sales and marketing4,510 3,590 13,297 12,178 
General and administrative7,030 5,652 20,536 18,417 
Total stock-based compensation expense$21,930 $18,329 $64,961 $59,549