Revenue Recognition

6 Months Ended

Mar. 29, 2024

Revenue from Contract with Customer [Abstract]

Revenue Recognition

REVENUE RECOGNITION

The Company presents net revenue by geographic area, based upon the location of the original equipment manufacturers’ (“OEMs”) headquarters, and by sales channel, as it believes that doing so best depicts how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. Individually insignificant OEMs are presented based upon the location of the Company’s direct customer, which is typically a distributor.

Net revenue by geographic area is as follows (in millions):

	Three Months Ended				Six Months Ended
	March 29, 2024		March 31, 2023		March 29, 2024		March 31, 2023
United States	$	795.1	$	846.6	$	1,764.3	$	1,874.9
China	76.9		89.0		156.8		195.3
Taiwan	74.1		85.2		145.4		170.9
South Korea	59.7		55.8		105.2		91.5
Europe, Middle East, and Africa	29.2		58.7		56.3		112.7
Other Asia-Pacific	11.0		17.8		19.5		37.1
Total net revenue	$	1,046.0	$	1,153.1	$	2,247.5	$	2,482.4

Net revenue by sales channel is as follows (in millions):

	Three Months Ended				Six Months Ended
	March 29, 2024		March 31, 2023		March 29, 2024		March 31, 2023
Distributors	$	914.7	$	1,003.0	$	1,977.9	$	2,187.4
Direct customers	131.3		150.1		269.6		295.0
Total net revenue	$	1,046.0	$	1,153.1	$	2,247.5	$	2,482.4

The Company’s revenue from external customers is generated principally from the sale of semiconductor products that facilitate various wireless communication applications. Accordingly, the Company considers its product offerings to be similar in nature and therefore not segregated for reporting purposes.