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Unaudited Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jun. 29, 2024
Jun. 24, 2023
Jun. 29, 2024
Jun. 24, 2023
Revenue:        
Total revenue $ 470,338 $ 311,837 $ 1,223,613 $ 785,003
Cost of revenue:        
Total cost of revenue 415,365 258,928 1,074,364 654,053
Gross profit 54,973 52,909 149,249 130,950
Operating expenses:        
Research and development expenses 44,722 48,845 133,327 149,251
Selling, general, and administrative expenses 47,871 46,073 143,535 150,994
Total operating expenses 92,593 94,918 276,862 300,245
Operating loss (37,620) (42,009) (127,613) (169,295)
Other income, net 11,615 2,937 27,626 7,055
Loss before income tax and equity method investment (26,005) (39,072) (99,987) (162,240)
Income tax expense (182) (5) (102) (239)
Loss from equity method investment (537) 0 (537) 0
Net loss (26,724) (39,077) (100,626) (162,479)
Net loss attributable to noncontrolling interests (22,043) (34,730) (84,300) (144,821)
Net loss attributable to common stockholders $ (4,681) $ (4,347) $ (16,326) $ (17,658)
Loss per share of Class A Common Stock:        
Basic (in dollars per share) $ (0.05) $ (0.07) $ (0.18) $ (0.29)
Diluted (in dollars per share) $ (0.05) $ (0.07) $ (0.18) $ (0.29)
Weighted-average shares of Class A Common Stock outstanding:        
Basic (in shares) 102,414,284 61,782,886 92,891,276 60,160,039
Diluted (in shares) 102,414,284 61,782,886 92,891,276 60,160,039
Systems        
Revenue:        
Total revenue $ 450,595 $ 302,350 $ 1,168,993 $ 757,854
Cost of revenue:        
Total cost of revenue 398,761 244,660 1,024,832 618,651
Software maintenance and support        
Revenue:        
Total revenue 3,545 1,768 8,280 4,466
Cost of revenue:        
Total cost of revenue 2,539 3,603 6,201 7,380
Operation services        
Revenue:        
Total revenue 16,198 7,719 46,340 22,683
Cost of revenue:        
Total cost of revenue $ 14,065 $ 10,665 $ 43,331 $ 28,022