Revenue Recognition

9 Months Ended

Jun. 28, 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				Nine Months Ended
	June 28, 2024		June 30, 2023		June 28, 2024		June 30, 2023
United States	$	658.5	$	793.9	$	2,422.8	$	2,668.8
China	75.9		81.6		232.7		277.0
Taiwan	80.7		81.2		226.1		252.0
South Korea	52.9		48.1		158.1		139.6
Europe, Middle East, and Africa	31.3		51.3		87.6		164.0
Other Asia-Pacific	6.2		15.1		25.7		52.2
Total net revenue	$	905.5	$	1,071.2	$	3,153.0	$	3,553.6

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

	Three Months Ended				Nine Months Ended
	June 28, 2024		June 30, 2023		June 28, 2024		June 30, 2023
Distributors	$	767.1	$	937.0	$	2,745.0	$	3,183.1
Direct customers	138.4		134.2		408.0		370.5
Total net revenue	$	905.5	$	1,071.2	$	3,153.0	$	3,553.6

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.