Revenue Recognition

3 Months Ended

Dec. 27, 2024

Revenue from Contract with Customer [Abstract]

REVENUE RECOGNITION

2.    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
	December 27, 2024		December 29, 2023
United States	$	846.7	$	969.2
China	70.8		79.9
Taiwan	65.1		71.3
South Korea	48.1		45.6
Europe, Middle East, and Africa	28.2		27.1
Other Asia-Pacific	9.6		8.4
Total net revenue	$	1,068.5	$	1,201.5

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

	Three Months Ended
	December 27, 2024		December 29, 2023
Distributors	$	950.8	$	1,062.9
Direct customers	117.7		138.6
Total net revenue	$	1,068.5	$	1,201.5

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