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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Mar. 28, 2025
Mar. 29, 2024
Mar. 28, 2025
Mar. 29, 2024
Income Statement [Abstract]        
Revenue, net $ 2,294 $ 1,752 $ 6,915 $ 4,313
Cost of revenue 1,382 1,233 4,290 3,237
Gross profit 912 519 2,625 1,076
Operating expenses:        
Research and development 245 243 732 683
Selling, general and administrative 108 176 444 542
Litigation matter (201) 0 (198) 0
Employee termination, asset impairment and other 0 6 (7) 163
Total operating expenses 152 425 971 1,388
Operating income (loss) 760 94 1,654 (312)
Interest and other expense:        
Interest income 10 8 25 25
Interest expense (91) (108) (283) (312)
Unrealized loss on retained interest in Sandisk (606) 0 (606) 0
Other income (expense), net 1 (6) (7) 53
Total interest and other expense, net (686) (106) (871) (234)
Income (loss) before taxes 74 (12) 783 (546)
Income tax benefit (698) (4) (608) (27)
Net income (loss) from continuing operations 772 (8) 1,391 (519)
Net income (loss) from discontinued operations, net of taxes (252) 143 216 (318)
Net income (loss) $ 520 $ 135 $ 1,607 $ (837)
Basic:        
Continuing operations (in dollars per share) $ 2.17 $ (0.07) $ 3.91 $ (1.74)
Discontinued operations (in dollars per share) (0.71) 0.42 0.62 (0.98)
Basic (in dollars per share) 1.46 0.35 4.53 (2.72)
Diluted:        
Continuing operations (in dollars per share) 2.11 (0.07) 3.79 (1.74)
Discontinued operations (in dollars per share) (0.69) 0.41 0.59 (0.98)
Diluted (in dollars per share) $ 1.42 $ 0.34 $ 4.38 $ (2.72)