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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 29, 2025
Sep. 28, 2024
Current assets:    
Cash and cash equivalents $ 173,158 $ 169,732
Marketable securities 50,349 51,426
Accounts receivable, net 40,430 44,513
Inventories 138,421 231,505
Prepaids and other current assets 50,666 53,910
Total current assets 453,024 551,086
Property and equipment, net 86,035 102,148
Operating lease right-of-use assets 48,011 50,175
Goodwill 82,854 82,854
Intangible assets, net    
In-process research and development 0 73,770
Other intangible assets 81,311 14,266
Deferred tax assets 9,197 10,314
Other noncurrent assets 31,746 31,699
Total assets 792,178 916,312
Current liabilities:    
Accounts payable 117,946 194,590
Accrued expenses 73,531 87,783
Accrued compensation 26,113 15,701
Deferred revenue, current 21,214 21,802
Other current liabilities 50,786 46,277
Total current liabilities 289,590 366,153
Operating lease liabilities, noncurrent 56,442 56,588
Deferred revenue, noncurrent 60,276 61,075
Deferred tax liabilities 311 60
Other noncurrent liabilities 2,700 3,816
Total liabilities 409,319 487,692
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Common stock, $0.001 par value 124 123
Treasury stock (51,934) (17,096)
Additional paid-in capital 507,805 498,245
Accumulated deficit (70,841) (50,934)
Accumulated other comprehensive loss (2,295) (1,718)
Total stockholders’ equity 382,859 428,620
Total liabilities and stockholders’ equity $ 792,178 $ 916,312