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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Oct. 03, 2026
Sep. 27, 2025
Cash flows from operating activities:    
Net income $ 52,382 $ 10,729
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 43,682 26,567
Stock-based compensation expense 122,764 80,233
Amortization of right-of-use assets 5,808 5,240
Write-off unamortized debt issuance costs 5,277 0
Other non-cash adjustments 1,215 (989)
Changes in assets and liabilities, excluding impact of acquisition:    
Accounts receivable, net (12,024) (14,432)
Inventories, net (31,205) 12,694
Prepaid expenses and other assets (10,250) 9,261
Accounts payable 52,186 10,886
Accrued liabilities (8,121) (26,270)
Accrued payroll obligations 20,362 8,822
Operating lease liabilities, current and long-term portions (8,482) (5,218)
Net cash provided by (used in) operating activities 233,594 117,523
Cash flows from investing activities:    
Cash paid for business acquisition, net of cash acquired (971,346) 0
Capital expenditures (34,967) (28,920)
Cash paid for software and intellectual property licenses (35,148) (12,213)
Cash paid for long-term investment (1,200) 0
Net cash provided by (used in) investing activities (1,042,661) (41,133)
Cash flows from financing activities:    
Restricted stock unit tax withholdings (47,563) (14,580)
Proceeds from issuance of common stock 3,163 5,149
Repurchase of common stock (15,000) (85,855)
Proceeds from long-term debt, net of issuance costs 912,731 0
Repayment of long-term debt (50,000) 0
Net cash provided by (used in) financing activities 803,331 (95,286)
Effect of exchange rate change on cash 127 515
Net increase (decrease) in cash and cash equivalents (5,609) (18,381)
Beginning cash and cash equivalents 133,886 136,291
Ending cash and cash equivalents 128,277 117,910
Supplemental disclosure of cash flow information and non-cash investing and financing activities:    
Interest paid 379 0
Income taxes paid, net of refunds 7,458 5,294
Operating lease payments 8,091 5,971
Accrued purchases of plant and equipment 4,982 8,071
Accrued purchases of intellectual property licenses 15,000 0
Operating lease right-of-use assets obtained in exchange for lease obligations $ 3,638 $ 10,349