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Balance Sheet Components (Tables)
12 Months Ended
Sep. 27, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Accounts Receivable, Allowance for Credit Loss
The following table summarizes changes in the allowance for credit losses for fiscal 2025, 2024 and 2023:
September 27,
2025
September 28,
2024
September 30,
2023
(In thousands)
Beginning balance$2,619 $2,711 $2,744 
Increases382 1,188 1,561 
Write-offs(101)(1,280)(1,594)
Ending balance$2,900 $2,619 $2,711 
Schedule of Changes In Allowance for Sales Incentives
The following table summarizes the changes in the allowance for sales incentives for fiscal 2025, 2024 and 2023:
September 27,
2025
September 28,
2024
September 30,
2023
(In thousands)
Beginning balance$49,122 $29,075 $23,573 
Charged to revenue198,759 183,144 139,657 
Utilization of sales incentive allowance(184,683)(163,097)(134,155)
Ending balance$63,198 $49,122 $29,075 
Schedule of Inventories, Net
Inventories consist of the following:
September 27,
2025
September 28,
2024
(In thousands)
Finished goods$153,485 $199,825 
Components17,535 31,680 
Inventories$171,020 $231,505 
Schedule of Property and Equipment
Property and equipment are stated at historical cost less accumulated depreciation. Depreciation is calculated using the straight-line method over the estimated useful lives of the related assets as follows:
Computer hardware, equipment, and software
3-5 years
Furniture and fixtures
5 years
Tooling and production line test equipment
2-4 years
Leasehold improvements
1-15 years
Product displays
1-3 years
Property and equipment, net consist of the following:
September 27,
2025
September 28,
2024
(In thousands)
Tooling and production line test equipment$106,296 $106,174 
Product displays80,545 77,074 
Leasehold improvements45,842 52,112 
Computer hardware, equipment, and software
31,852 39,163 
Furniture and fixtures5,403 5,724 
Total property and equipment269,938 280,247 
Accumulated depreciation and amortization(197,661)(178,099)
Property and equipment, net$72,277 $102,148 
Property and equipment, net by country as of September 27, 2025, and September 28, 2024 were as follows:
September 27,
2025
September 28,
2024
(In thousands)
China$22,320 $31,653 
United States21,988 32,647 
Other countries27,969 37,848 
Property and equipment, net$72,277 $102,148 
Schedule of Intangible Assets
The following table reflects the changes in the net carrying amount of the components of intangible assets associated with the Company's acquisition activity:
September 27, 2025
Gross Carrying Amount
Accumulated Amortization
Foreign Currency Translation
Net Carrying ValueWeighted-Average Remaining Life
(In thousands, except weighted-average remaining life)
Tradename$451 $(264)$16 $203 2.50
Technology-based94,419 (19,266)75,153 5.73
Total intangible assets$94,870 $(19,530)$16 $75,356 5.73
September 28, 2024
Gross Carrying Amount
Accumulated Amortization
Foreign Currency Translation
Net Carrying ValueWeighted-Average Remaining Life
(In thousands, except weighted-average remaining life)
Tradename$451 $(188)$$270 3.50
Technology-based31,480 (17,484)13,996 4.52
Total finite-lived intangible assets31,931 (17,672)14,266 4.51
In-process research and development and other intangible assets not subject to amortization73,770 73,770 
Total intangible assets$105,701 $(17,672)$$88,036 
Schedule of Intangible Assets
The following table reflects the changes in the net carrying amount of the components of intangible assets associated with the Company's acquisition activity:
September 27, 2025
Gross Carrying Amount
Accumulated Amortization
Foreign Currency Translation
Net Carrying ValueWeighted-Average Remaining Life
(In thousands, except weighted-average remaining life)
Tradename$451 $(264)$16 $203 2.50
Technology-based94,419 (19,266)75,153 5.73
Total intangible assets$94,870 $(19,530)$16 $75,356 5.73
September 28, 2024
Gross Carrying Amount
Accumulated Amortization
Foreign Currency Translation
Net Carrying ValueWeighted-Average Remaining Life
(In thousands, except weighted-average remaining life)
Tradename$451 $(188)$$270 3.50
Technology-based31,480 (17,484)13,996 4.52
Total finite-lived intangible assets31,931 (17,672)14,266 4.51
In-process research and development and other intangible assets not subject to amortization73,770 73,770 
Total intangible assets$105,701 $(17,672)$$88,036 
Schedule of Estimated Future Amortization Expense
The following table summarizes the estimated future amortization expense of the Company's intangible assets as September 27, 2025:
Fiscal years endingFuture Amortization Expense
(In thousands)
2026$13,585 
202713,570 
202813,450 
202912,453 
2030 and thereafter22,298 
Total future amortization expense$75,356 
Schedule of Cloud Computing Arrangements
Cloud Computing Arrangements
Capitalized costs to implement cloud computing arrangements net of accumulated amortization are reported as a component of other noncurrent assets on the Company's consolidated balance sheets and were as follows:
September 27,
2025
September 28,
2024
(In thousands)
Cloud computing implementation costs$27,411 $25,038 
Less: accumulated amortization13,320 9,697 
Cloud computing implementation costs, net$14,091 $15,341 
Schedule of Accrued Expenses
Accrued expenses consisted of the following:
September 27,
2025
September 28,
2024
(In thousands)
Accrued inventory and supply chain costs$37,780 $34,204 
Accrued taxes10,133 19,084 
Accrued advertising and marketing12,429 12,893 
Accrued general and administrative expenses8,923 10,870 
Accrued product development5,912 4,338 
Other accrued payables3,917 6,394 
Total accrued expenses$79,094 $87,783 
Schedule of Changes in Deferred Balances and Expected Revenue Recognition
The following table presents the changes in the Company's deferred revenue balances for the fiscal years ended September 27, 2025, September 28, 2024, and September 30, 2023:
September 27,
2025
September 28,
2024
September 30,
2023
(In thousands)
Deferred revenue, beginning of period$82,877 $80,838 $83,470 
Recognition of revenue included in beginning of period deferred revenue(20,086)(19,111)(27,057)
Revenue deferred, net of revenue recognized on contracts in the respective period18,433 21,150 24,425 
Deferred revenue, end of period$81,224 $82,877 $80,838 
Schedule of Remaining Performance Obligations
The Company expects the following recognition of deferred revenue as of fiscal year ending 2025:
For the fiscal years ending
20262027202820292030 and BeyondTotal
(In thousands)
Revenue expected to be recognized$21,771 $18,348 $15,226 $11,658 $14,221 $81,224 
Schedule of Other Current Liabilities
Other current liabilities consist of the following:
September 27,
2025
September 28,
2024
(In thousands)
Reserve for returns$20,383 $20,304 
Warranty liability10,002 10,565 
Short-term operating lease liabilities6,335 7,551 
Other9,387 7,857 
Total other current liabilities$46,107 $46,277 
Schedule of Product Warranty Liability
The following table presents the changes in the Company’s warranty liability for the fiscal years ended September 27, 2025, and September 28, 2024:
September 27,
2025
September 28,
2024
(In thousands)
Warranty liability, beginning of period$10,565 $7,466 
Provision for warranties issued during the period12,324 17,689 
Settlements of warranty claims during the period(12,887)(14,590)
Warranty liability, end of period$10,002 $10,565