Revenue Recognition

6 Months Ended

Mar. 28, 2025

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				Six Months Ended
	March 28, 2025		March 29, 2024		March 28, 2025		March 29, 2024
United States	$	712.6	$	795.1	$	1,571.0	$	1,764.3
China	64.6		76.9		128.9		156.8
Taiwan	72.9		74.1		119.9		145.4
South Korea	46.3		59.7		94.5		105.2
Europe, Middle East, and Africa	47.1		29.2		88.7		56.3
Other Asia-Pacific	9.7		11.0		18.7		19.5
Total net revenue	$	953.2	$	1,046.0	$	2,021.7	$	2,247.5

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

	Three Months Ended				Six Months Ended
	March 28, 2025		March 29, 2024		March 28, 2025		March 29, 2024
Distributors	$	833.2	$	914.7	$	1,784.1	$	1,977.9
Direct customers	120.0		131.3		237.6		269.6
Total net revenue	$	953.2	$	1,046.0	$	2,021.7	$	2,247.5

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.