XML 22 R5.htm IDEA: XBRL DOCUMENT v3.25.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Jun. 29, 2025
Jun. 30, 2024
Jun. 25, 2023
Income Statement [Abstract]      
Revenue, net $ 757.6 $ 807.2 $ 758.5
Cost of revenue, net 879.2 729.8 515.6
Gross (loss) profit (121.6) 77.4 242.9
Operating expenses:      
Research and development 175.1 201.9 165.7
Sales, general and administrative 190.5 246.4 214.3
Factory start-up costs 85.2 53.8 160.2
Gain on disposal of property and equipment (20.0) 0.0 0.0
Goodwill impairment 359.2 0.0 0.0
Restructuring and other expenses 417.6 20.6 14.5
Operating loss (1,329.2) (445.3) (311.8)
Interest expense, net of capitalized interest 315.2 246.3 42.6
Non-operating income, net (25.5) (119.1) (94.6)
Loss before income taxes (1,618.9) (572.5) (259.8)
Income tax (benefit) expense (9.7) 1.1 0.7
Net loss from continuing operations (1,609.2) (573.6) (260.5)
Net loss from discontinued operations 0.0 (290.6) (69.4)
Net loss $ (1,609.2) $ (864.2) $ (329.9)
Basic and diluted loss per share      
Continuing operations- basic (USD per share) $ (11.39) $ (4.56) $ (2.09)
Continuing operations - diluted (USD per share) (11.39) (4.56) (2.09)
Net loss - basic (USD per share) (11.39) (6.88) (2.65)
Net loss - diluted (USD per share) $ (11.39) $ (6.88) $ (2.65)
Weighted average shares - basic (shares) 141,320 125,693 124,374
Weighted average shares - diluted (shares) 141,320 125,693 124,374