Cash, cash equivalents and short-term investments (Tables)

3 Months Ended

Sep. 27, 2024

Cash and Cash Equivalents [Abstract]

Summary of Components of Cash, Cash Equivalents, and Short-Term Investments

The Company’s cash, cash equivalents, and short-term investments are as follows:

					Fair Value
(in thousands)	Carrying Cost		Unrealized Gain/ (Loss)		Cash and Cash Equivalents		Marketable Securities		Other Investments
As of September 27, 2024
Cash	$	400,236	$	—	$	400,236	$	—	$	—
Cash equivalents	448		—		448		—		—
Certificates of deposit and time deposits	144,527		1,193		—		145,720		—
Corporate debt securities	144,356		2,767		—		147,123		—
U.S. agency and U.S. treasury securities	213,669		1,681		—		215,350		—
Total	$	903,236	$	5,641	$	400,684	$	508,193	$	—
As of June 28, 2024
Cash	$	409,938	$	—	$	409,938	$	—	$	—
Cash equivalents	35		—		35		—		—
Certificates of deposit and time deposits	134,288		(5)		—		134,283		—
Corporate debt securities	137,695		(932)		—		136,763		—
U.S. agency and U.S. treasury securities	177,824		(240)		—		177,584		—
Total	$	859,780	$	(1,177)	$	409,973	$	448,630	$	—

Schedule of Available-for-Sale Securities Based on Stated Effective Maturities

The following table summarizes the cost and estimated fair value of short-term investments classified as available-for-sale securities based on stated effective maturities as of September 27, 2024 and June 28, 2024:

	September 27, 2024				June 28, 2024
(in thousands)	Carrying Cost		Fair Value		Carrying Cost		Fair Value
Due within one year	$	112,061	$	113,287	$	110,671	$	110,669
Due between one to five years	390,491		394,906		339,136		337,961
Total	$	502,552	$	508,193	$	449,807	$	448,630