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Stock-Based Compensation (Tables)
12 Months Ended
Sep. 27, 2025
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 28, 20247,082,389$14.24 2.8$210 
Exercised(329,674)$13.68 
Forfeited / expired
(1,207,830)$14.20 
Outstanding at September 27, 20255,544,885$14.28 1.5$5,850 
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 ValueAggregate Intrinsic Value
(In thousands)
Outstanding at September 28, 202410,763,098$14.79 $130,772 
Granted7,697,575$12.34 
Released(5,709,048)$15.13 
Forfeited(3,974,238)$13.63 
Outstanding at September 27, 20258,777,387$12.96 $134,294 
At September 27, 2025
Units expected to vest7,471,456$12.93 $114,313 
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 ValueAggregate Intrinsic Value
(In thousands)
Outstanding at September 28, 2024684,080$18.37 $8,312 
Granted339,837$11.53 
Released(7,194)$17.54 
Performance adjustment
(121,250)$21.80 
Forfeited
(414,935)$16.71 
Outstanding at September 27, 2025480,538$14.11 $7,352 
Schedule of Stock-based Compensation Expense
Total stock-based compensation expense by function category was as follows:
September 27,
2025
September 28,
2024
September 30,
2023
(In thousands)
Cost of revenue$6,148 $2,614 $2,038 
Research and development37,060 37,913 35,530 
Sales and marketing15,932 17,499 15,677 
General and administrative27,110 26,268 23,612 
Total stock-based compensation expense$86,250 $84,294 $76,857