Segment Information And Concentrations

12 Months Ended

Oct. 03, 2025

Segment Reporting [Abstract]

SEGMENT INFORMATION AND CONCENTRATIONS

14.     SEGMENT INFORMATION AND CONCENTRATIONS

The Company has a single reportable operating segment which designs, develops, manufactures, and markets similar proprietary semiconductor products, including intellectual property. In reaching this conclusion, management considers the definition of the chief operating decision maker (“CODM”), how the business is defined by the CODM, the nature of the information provided to the CODM, and how that information is used to make operating decisions, allocate resources, and assess performance. The Company’s CODM is the president and chief executive officer. The results of operations provided to and analyzed by the CODM are at the consolidated level and accordingly, key resource decisions and assessment of performance are performed at the consolidated level. Specifically, the CODM uses net income that is reported on the Consolidated Statement of Operations and cash provided by operating activities as reported in the Consolidated Statements of Cash Flows to evaluate overall profitability and guide decisions regarding reinvestment in operations, shareholder returns, and other strategic initiatives. Significant expense categories regularly provided to and reviewed by the CODM are presented in the Company’s consolidated financial statements. The Company assesses its determination of operating segments at least annually.

Disaggregation of Revenue and Geographic Information

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):

	Fiscal Years Ended
	October 3, 2025		September 27, 2024		September 29, 2023
United States	$	3,157.1	$	3,202.2	$	3,603.9
Taiwan	259.1		317.5		344.4
China	254.2		303.4		358.3
South Korea	190.1		203.9		198.3
Europe, Middle East, and Africa	185.8		114.5		204.2
Other Asia-Pacific	40.6		36.5		63.3
Total net revenue	$	4,086.9	$	4,178.0	$	4,772.4

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

	Fiscal Years Ended
	October 3, 2025		September 27, 2024		September 29, 2023
Distributors	$	3,525.6	$	3,622.6	$	4,235.7
Direct customers	561.3		555.4		536.7
Total net revenue	$	4,086.9	$	4,178.0	$	4,772.4

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.

Property, plant, and equipment, net based on the physical locations within the indicated geographic areas are as follows (in millions):

	As of
	October 3, 2025		September 27, 2024
Japan	$	461.0	$	526.1
Mexico	264.0		244.2
United States	226.8		234.7
Singapore	215.0		250.2
Rest of world	27.8		25.1
Total property, plant, and equipment, net	$	1,194.6	$	1,280.3

Concentrations

Financial instruments that potentially subject the Company to concentration of credit risk consist principally of trade accounts receivable. Trade accounts receivable are primarily derived from sales to manufacturers of communications and consumer products and electronic component distributors. The Company performs ongoing credit evaluations of customers.

During fiscal 2025, fiscal 2024, and fiscal 2023, Apple, through sales to multiple distributors, contract manufacturers, and direct sales for multiple applications including smartphones, tablets, desktop, and notebook computers, watches and other devices, in the aggregate accounted for 67%, 69%, and 66% of the Company’s net revenue, respectively.

The Company’s three largest accounts receivable balances comprised 82% and 80% of aggregate gross accounts receivable as of October 3, 2025 and September 27, 2024, respectively.