Revenue Recognition

9 Months Ended

Jul. 03, 2026

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
	July 3, 2026		June 27, 2025		July 3, 2026		June 27, 2025
United States	$	704.9	$	724.7	$	2,198.0	$	2,295.5
Taiwan	72.5		75.8		229.1		195.6
China	66.6		64.6		191.5		193.7
South Korea	35.9		45.5		136.2		140.0
Europe, Middle East, and Africa	45.3		44.4		130.9		133.1
Other Asia-Pacific	9.6		10.0		28.2		28.8
Total net revenue	$	934.8	$	965.0	$	2,913.9	$	2,986.7

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

	Three Months Ended				Nine Months Ended
	July 3, 2026		June 27, 2025		July 3, 2026		June 27, 2025
Distributors	$	775.2	$	816.8	$	2,506.6	$	2,590.2
Direct customers	159.6		148.2		407.3		396.5
Total net revenue	$	934.8	$	965.0	$	2,913.9	$	2,986.7

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.