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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Dec. 29, 2024
Dec. 31, 2023
Dec. 29, 2024
Dec. 31, 2023
Income Statement [Abstract]        
Revenue, net $ 180.5 $ 208.4 $ 375.2 $ 405.8
Cost of revenue, net 217.7 180.6 448.6 353.3
Gross (loss) profit (37.2) 27.8 (73.4) 52.5
Operating expenses:        
Research and development 44.4 45.3 95.3 89.4
Sales, general and administrative 51.1 64.9 113.3 129.0
Factory start-up costs 22.8 10.5 42.5 18.9
Amortization of acquisition-related intangibles 0.3 0.3 0.6 0.6
Loss on disposal or impairment of long-lived assets 125.8 0.3 126.4 0.4
Other operating expense 41.4 4.6 101.6 7.2
Operating loss (323.0) (98.1) (553.1) (193.0)
Non-operating expense, net 49.3 27.8 101.0 56.3
Loss before income taxes (372.3) (125.9) (654.1) (249.3)
Income tax (benefit) expense (0.1) 0.3 0.3 0.5
Net loss from continuing operations (372.2) (126.2) (654.4) (249.8)
Net loss from discontinued operations 0.0 (18.5) 0.0 (290.6)
Net loss $ (372.2) $ (144.7) $ (654.4) $ (540.4)
Basic and diluted loss per share        
Continuing operations - basic (USD per share) $ (2.88) $ (1.00) $ (5.12) $ (1.99)
Continuing operations - diluted (USD per share) (2.88) (1.00) (5.12) (1.99)
Net loss - basic (USD per share) (2.88) (1.15) (5.12) (4.31)
Net loss - diluted (USD per share) $ (2.88) $ (1.15) $ (5.12) $ (4.31)
Weighted average shares - basic (shares) 129,018 125,602 127,876 125,363
Weighted average shares - diluted (shares) 129,018 125,602 127,876 125,363