Restructuring and Related Charges (Reversals)

6 Months Ended

Dec. 27, 2025

Restructuring and Related Activities [Abstract]

Restructuring and Related Charges (Reversals)

Note 11. Restructuring and Related Charges (Reversals)

We have initiated various strategic restructuring actions primarily to reduce costs, consolidate our operations, rationalize the manufacturing of our products and align our business in response to market conditions and as a result of our acquisitions.

The following table summarizes activities of restructuring and related charges for the periods as presented (in millions):

	Three Months Ended				Six Months Ended
	December 27, 2025		December 28, 2024		December 27, 2025		December 28, 2024
Balance as of beginning of period	$	5.9	$	6.3	$	2.5	$	11.1
Charges (reversals)	(0.4)		0.7		7.9		10.4
Payments and other adjustments	(3.3)		(5.5)		(8.2)		(20.0)
Balance as of end of period	$	2.2	$	1.5	$	2.2	$	1.5

During the three months ended December 27, 2025, we recorded a net reversal to our restructuring and related charges of $0.4 million attributable to lower than previously recorded employee severance and wind-down charges. During the six months ended December 27, 2025, we recorded $7.9 million of restructuring and related charges related to a reduction in force during the period in order to enhance operational efficiency and realign our investments toward the most critical initiatives.

During the three and six months ended December 28, 2024, we recorded restructuring and related charges of $0.7 million and $10.4 million, respectively mainly due to our integration efforts and cost reduction initiatives. Restructuring charges for the six months ended December 28, 2024 includes $6.2 million of asset write-offs primarily due to integration efforts to consolidate our sites, $3.0 million of charges related to the discontinuation of our in-house development of coherent Digital Signal Processors (“DSPs”) and Radio Frequency Integrated Circuits (“RFICs”) and the remaining restructuring charges due to company-wide cost reduction initiatives.

Any changes in the estimates of executing our restructuring activities will be reflected in our future results of operations.