Supplemental Financial Information

6 Months Ended

Nov. 01, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Inventories

Inventories consisted of the following (in thousands):


	November 1, 2025		May 3, 2025
Raw materials	$	13,217	$	12,734
Work in process	26,423		24,583
Finished goods	110,554		52,712
	$	150,194	$	90,029

Property and Equipment, Net

Property and equipment consisted of the following (in thousands):


	November 1, 2025		May 3, 2025
Production equipment	$	45,813	$	44,789
Computer equipment and software	40,141		27,901
Laboratory equipment	26,952		21,944
Leasehold improvements	3,850		3,513
Construction in progress	25,234		9,687
	141,990		107,834
Less: Accumulated depreciation and amortization	(55,996)		(44,203)
	$	85,994	$	63,631

Depreciation and amortization expense was $6.5 million and $12.0 million for the three and six months ended November 1, 2025, respectively and $5.0 million and $9.2 million for the three and six months ended November 2, 2024, respectively. Computer equipment and software primarily includes technology licenses for computer-aided design tools relating to the Company’s R&D design of future products and intellectual properties. Production equipment and construction in progress primarily include mask set costs capitalized relating to the Company’s products already introduced or to be introduced.

Other Current Liabilities

Other current liabilities consisted of the following (in thousands):


	November 1, 2025		May 3, 2025
Accruals relating to inventory purchases	$	13,354	$	10,164
Current payables relating to purchases of property and equipment	12,167		8,420
Current portion of operating lease liabilities	3,619		3,342
Others	27,787		13,530
	$	56,927	$	35,456

Other Non-current Liabilities

Other non-current liabilities consisted of the following (in thousands):


	November 1, 2025		May 3, 2025
Non-current payables relating to purchases of property and equipment	$	4,063	$	5,762
Others	5,954		1,509
	$	10,017	$	7,271