Concentrations

6 Months Ended

Nov. 01, 2025

Risks and Uncertainties [Abstract]

Concentrations

Concentrations

Financial instruments that subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents, short-term investments and accounts receivable. Cash is placed in major financial institutions around the world. The Company’s cash deposits exceed insured limits. Short-term investments are subject to counterparty risk up to the amount presented on the balance sheet.

Historically, a relatively small number of customers have accounted for a significant portion of the Company’s revenue. The particular customers which account for revenue concentration have varied from period-to-period as a result of the addition of new contracts, completion of existing contracts, and the volumes and prices at which the customers have recently bought the Company’s products. These variations are expected to continue in the foreseeable future.

The following tables summarize the accounts receivable and revenue as a percentage of total accounts receivable and total revenue, respectively, for the Company’s most significant customers. In the tables below, customers are defined as the contracting entities who place purchase orders or enter into revenue contracts with the Company:

Accounts Receivable	November 1, 2025		May 3, 2025
Customer A	62	%	86	%
Customer B	22	%	*

	Three Months Ended				Six Months Ended
Revenue	November 1, 2025		November 2, 2024		November 1, 2025		November 2, 2024
Customer A	64	%	40	%	58	%	47	%
Customer B	16	%	14	%	25	%	10	%

* Less than 10% of total accounts receivable or total revenue.