Shareholders' equity

3 Months Ended

Sep. 27, 2025

Shareholders' equity

Shareholders' equity

9. Shareholders’ equity

Share repurchase program

On September 5, 2025, the Company repurchased 1.9 million shares of its outstanding common stock at a price of $52.05 per share, concurrently with the Company’s issuance of its Convertible Notes (refer to Note 4) to mitigate the potential future dilution associated with the issuance of such notes. Additionally, early in the first quarter of fiscal 2026, the Company repurchased 0.7 million shares for a total cost of $38.3 million. As of September 27, 2025, the Company had $225.8 million remaining under its share repurchase authorization.

Common stock dividend

In August 2025, the Company’s Board of Directors approved a dividend of $0.35 per common share and dividend payments of $28.5 million were made in September 2025.