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Stock-based Compensation (Tables)
9 Months Ended
Jun. 27, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Options Activity
The summary of the Company’s stock option activity is as follows:

Number of Options Weighted-Average Exercise PriceWeighted-Average Remaining Contractual TermAggregate Intrinsic Value

(In years)(In thousands)
Outstanding at September 27, 20255,544,885

$14.28 1.5$5,850 
Exercised(1,640,599)

$14.09 
Forfeited / expired(47,036)

$14.29 
Outstanding at June 27, 20263,857,250

$14.36 1.0$514 
Schedule of Restricted Stock Units 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 27, 20258,777,387$12.96 $134,294 
Granted5,951,464$15.31 
Released(3,796,383)$13.62 
Forfeited(768,146)$13.54 
Outstanding at June 27, 202610,164,322$14.05 $137,930 
Schedule of Weighted Average Assumptions Used in Calculating Compensation Expense
The following table summarizes the weighted-average assumptions used in calculating compensation expense of the Company’s PSUs with market-based conditions:
June 27,
2026
Remaining performance period at grant date (in years)2.66
Volatility44.12 %
Risk-free rate3.81 %
Fair value$23.30 
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 27, 2025480,538$14.11 $7,352 
Granted1,153,627$20.51 
Released(23,776)$12.23 
Performance adjustments(24,518)$18.65 
Outstanding at June 27, 20261,585,871$18.73 $21,520 
Schedule of Stock Based Compensation Expense
Total stock-based compensation expense by functional category was as follows:

Three Months EndedNine Months Ended

June 27,
2026
June 28,
2025
June 27,
2026
June 28,
2025
(In thousands)
Cost of revenue
$1,257 $1,633 $3,709 $4,588 
Research and development
6,092 7,944 18,052 29,816 
Sales and marketing
2,884 3,568 8,492 13,227 
General and administrative
6,337 7,639 16,373 21,733 
Total stock-based compensation expense
$16,570 $20,784 $46,626 $69,364