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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jun. 27, 2026
Jun. 28, 2025
Cash flows from operating activities:    
Net income $ 76,851 $ 60,697
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 13,156 13,173
Stock-based compensation expense 20,589 20,809
Deferred income taxes (4,600) (5,938)
Gain on retirement or write-off of long-lived assets (67) 0
Other non-cash adjustments 152 (16)
Net change in operating assets and liabilities:    
Accounts receivable (33,822) 1,924
Inventories (21,875) 20,108
Prepaid wafers 14,733 6,138
Other assets 3,723 2,014
Accounts payable and other accrued liabilities (7,976) (8,806)
Income taxes payable 3,264 6,028
Net cash provided by operating activities 64,128 116,131
Cash flows from investing activities:    
Maturities and sales of available-for-sale marketable securities 47,044 22,990
Purchases of available-for-sale marketable securities (50,930) (26,435)
Purchases of property, equipment and software (15,143) (2,638)
Investments in technology (361) (132)
Net cash used in investing activities (19,390) (6,215)
Cash flows from financing activities:    
Debt issuance costs (2,057) 0
Net proceeds from the issuance of common stock 1,329 382
Repurchase of stock to satisfy employee tax withholding obligations (2,774) (1,049)
Repurchase and retirement of common stock (31,500) (99,999)
Net cash used in financing activities (35,002) (100,666)
Net increase in cash and cash equivalents 9,736 9,250
Cash and cash equivalents at beginning of period 800,930 539,620
Cash and cash equivalents at end of period $ 810,666 $ 548,870