Revenue Recognition

9 Months Ended

Jun. 27, 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				Nine Months Ended
	June 27, 2025		June 28, 2024		June 27, 2025		June 28, 2024
United States	$	724.7	$	658.5	$	2,295.5	$	2,422.8
Taiwan	75.8		80.7		195.6		226.1
China	64.6		75.9		193.7		232.7
South Korea	45.5		52.9		140.0		158.1
Europe, Middle East, and Africa	44.4		31.3		133.1		87.6
Other Asia-Pacific	10.0		6.2		28.8		25.7
Total net revenue	$	965.0	$	905.5	$	2,986.7	$	3,153.0

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

	Three Months Ended				Nine Months Ended
	June 27, 2025		June 28, 2024		June 27, 2025		June 28, 2024
Distributors	$	816.8	$	767.1	$	2,590.2	$	2,745.0
Direct customers	148.2		138.4		396.5		408.0
Total net revenue	$	965.0	$	905.5	$	2,986.7	$	3,153.0

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.