Balance Sheet Components

9 Months Ended

Oct. 03, 2026

Components of Balance Sheet [Abstract]

Balance Sheet Components

Note 7 - Balance Sheet Components

Accounts Receivable

Accounts receivable do not bear interest and are shown net of an allowance for expected lifetime credit losses, which reflects our best estimate of probable losses inherent in the accounts receivable balance, as described in our 2025 10-K.

(In thousands)	October 3, 2026			January 3, 2026
Accounts receivable	$	163,037		$	102,277
Less: Allowance for credit losses		(408	)		—
Accounts receivable, net	$	162,629		$	102,277

Inventories

(In thousands)	October 3, 2026		January 3, 2026
Work in progress	$	99,689	$	69,031
Finished goods		20,888		20,171
Total inventories, net	$	120,577	$	89,202

Property and Equipment – Geographic Information

Our Property and equipment, net by country at the end of each period was as follows:

(In thousands)	October 3, 2026		January 3, 2026
United States	$	40,601	$	40,338
India		17,822		11,825
Taiwan		13,805		11,524
Malaysia		16,074		3,532
Philippines		7,973		6,544
Other		3,425		3,269
Total foreign property and equipment, net		59,099		36,694
Total property and equipment, net	$	99,700	$	77,032

Accrued Liabilities

Included in Accrued liabilities in the Consolidated Balance Sheets are the following balances:

(In thousands)	October 3, 2026		January 3, 2026
Current portion of contract liabilities	$	35,020	$	4,006
Current portion of liability for non-cancellable contracts		20,308		13,296
Accrued interest		9,443		—
Current portion of operating lease liabilities		7,371		5,980
Other accrued liabilities		14,591		7,312
Total accrued liabilities	$	86,733	$	30,594

Other Long-Term Liabilities

Included in Other long-term liabilities in the Consolidated Balance Sheets are the following balances:

(In thousands)	October 3, 2026		January 3, 2026
Long-term portion of liability for non-cancellable contracts	$	5,250	$	8,962
Other long-term liabilities		10,448		6,304
Total other long-term liabilities	$	15,698	$	15,266