Segment Reporting (Tables)

3 Months Ended

Oct. 03, 2025

Segment Reporting [Abstract]

Reconciliation of Revenue from Segments to Consolidated

The following table presents the revenue, costs of revenue, operating expenses, and operating income of the Company’s reportable operating segment under its internal management reporting system, along with a reconciliation to consolidated net income. This presentation aligns with how the CODM evaluates performance and allocates resources.

	October 3, 2025		September 27, 2024
	(in millions)
Revenue	2,308		1,883
Costs of revenue (1)	1,617		1,152
Operating expenses (1)	446		377
Stock-based compensation expenses	53		41
Employee termination and other	(3)		2
Business separation costs	9		20
Loss on business divestiture	10		—
Total interest and other expense, net	52		24
Income tax expense	12		56
Net income	$	112	$	211

(1) For purposes of the management view presented to the CODM, Costs of revenue excludes stock-based compensation and business separation costs, and Operating expenses excludes stock-based compensation, employee termination, and business separation, each of which are presented separately in the table above.