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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
May 03, 2025
Apr. 27, 2024
Apr. 29, 2023
Revenue:      
Total revenue $ 436,775 $ 192,970 $ 184,194
Cost of revenue:      
Total cost of revenue 153,866 73,539 78,000
Gross profit 282,909 119,431 106,194
Operating expenses:      
Research and development 145,994 95,531 76,774
Selling, general and administrative 98,918 60,193 48,248
Impairment charges 873 765 2,407
Total operating expenses 245,785 156,489 127,429
Operating income (loss) 37,124 (37,058) (21,235)
Other income, net 17,746 14,313 3,321
Income (loss) before income taxes 54,870 (22,745) (17,914)
Provision (benefit) for income taxes 2,687 5,624 (1,367)
Net income (loss) $ 52,183 $ (28,369) $ (16,547)
Net income (loss) per share:      
Basic (in US dollars per share) $ 0.31 $ (0.18) $ (0.11)
Diluted (in US dollars per share) $ 0.29 $ (0.18) $ (0.11)
Weighted-average shares used in computing net income (loss) per share:      
Basic (in shares) 167,505 155,091 146,556
Diluted (in shares) 181,158 155,091 146,556
Product sales      
Revenue:      
Total revenue $ 412,177 $ 145,048 $ 141,475
Cost of revenue:      
Total cost of revenue 152,381 70,498 75,143
Product engineering services      
Revenue:      
Total revenue 12,122 19,898 10,780
Cost of revenue:      
Total cost of revenue 1,314 2,225 972
IP license      
Revenue:      
Total revenue 12,476 28,024 31,939
Cost of revenue:      
Total cost of revenue $ 171 $ 816 $ 1,885