Goodwill and Intangible Assets

3 Months Ended

Apr. 26, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

The following table summarizes goodwill by applicable operating segments:


	Balance as of April 26, 2026						Balance as of January 25, 2026
(in thousands)	Goodwill		Accumulated Impairment Losses		Carrying Value		Goodwill		Accumulated Impairment Losses		Carrying Value
Signal Integrity	$	280,781	$	—	$	280,781	$	267,205	$	—	$	267,205
Analog Mixed Signal and Wireless	91,068		—		91,068		91,068		—		91,068
IoT Systems and Connectivity	946,897		(847,896)		99,001		947,548		(847,896)		99,652
Total goodwill	$	1,318,746	$	(847,896)	$	470,850	$	1,305,821	$	(847,896)	$	457,925

The following table summarizes the change in goodwill by applicable operating segments:


(in thousands)	Signal Integrity		Analog Mixed Signal and Wireless		IoT Systems and Connectivity		Total
Balance at January 25, 2026	$	267,205	$	91,068	$	99,652	$	457,925
Addition from acquisition	13,576		—		—		13,576


Cumulative translation adjustment	—		—		(651)		(651)

Balance at April 26, 2026	$	280,781	$	91,068	$	99,001	$	470,850

During the first quarter of fiscal year 2027, the Company completed an immaterial acquisition, which resulted in the addition of $13.6 million in the carrying value of goodwill.

Goodwill is not amortized, but is tested for impairment at the reporting unit level using either a qualitative or quantitative assessment on an annual basis during the fourth quarter of each fiscal year, and whenever events or changes in circumstances indicate that the carrying value may not be recoverable. Impairment of goodwill is measured at the reporting unit level by comparing the reporting unit’s carrying amount, including goodwill, to the fair market value of the reporting unit. As of April 26, 2026, there was no indication of impairment of the Company's goodwill balances.

Purchased and Other Intangibles

The following table sets forth the Company's finite-lived intangible assets, which are amortized over their estimated useful lives:


		April 26, 2026
(in thousands, except estimated useful life)	Estimated Useful Life	Gross Carrying Amount		Accumulated Amortization		Accumulated Impairment		Net Carrying Amount
Core technologies	1-8 years	$	178,683	$	(55,925)	$	(91,792)	$	30,966
Customer relationships	1-10 years	60,068		(15,757)		(34,777)		9,534
Trade name	2-10 years	9,000		(3,290)		(4,816)		894
Capitalized development costs	3-7 years	3,912		(1,164)		(1,777)		971
Software licenses	7-10 years	4,840		(447)		—		4,393
Total finite-lived intangible assets		$	256,503	$	(76,583)	$	(133,162)	$	46,758

		January 25, 2026
(in thousands, except estimated useful life)	Estimated Useful Life	Gross Carrying Amount		Accumulated Amortization		Accumulated Impairment		Net Carrying Amount
Core technologies	1-8 years	$	167,178	$	(54,383)	$	(91,792)	$	21,003
Customer relationships	1-10 years	53,248		(15,265)		(34,777)		3,206
Trade name	2-10 years	9,000		(3,257)		(4,816)		927
Capitalized development costs	3-7 years	3,912		(1,023)		(1,777)		1,112
Software licenses	7-10 years	3,740		(312)		—		3,428
Total finite-lived intangible assets		$	237,078	$	(74,240)	$	(133,162)	$	29,676

Amortization expense of finite-lived intangible assets was as follows:


	Three Months Ended
(in thousands)	April 26, 2026		April 27, 2025
Core technologies	$	1,750	$	2,205
Customer relationships	295		113
Trade name	33		33
Capitalized development costs	141		127
Software licenses	135		10
Total amortization expense	$	2,354	$	2,488

Amortization expense of finite-lived intangible assets related to core technologies was recorded in "Amortization of acquired technology" within "Total cost of sales" in the Statements of Operations, and amortization expense of finite-lived intangible assets related to customer relationships and trade name was recorded in "Intangible amortization" within "Total operating expenses, net" in the Statements of Operations. Amortization expense of finite-lived intangible assets related to software licenses was recorded in "Cost of sales" in the Statements of Operations and amortization expense of finite-lived intangible assets related to capitalized development costs was recorded in "Product development and engineering" in the Statements of Operations.

Future amortization expense of finite-lived intangible assets is expected as follows:


(in thousands)	Core Technologies		Customer Relationships		Trade Name		Capitalized Development Costs		Software Licenses		Total
2027 (remaining nine months)	$	5,601	$	1,090	$	100	$	424	$	406	$	7,621
2028	6,230		1,261		133		287		541		8,452
2029	5,744		1,261		133		57		541		7,736
2030	3,040		1,261		133		57		541		5,032
2031	3,040		1,261		133		57		541		5,032
Thereafter	7,311		3,400		262		89		1,823		12,885
Total expected amortization expense	$	30,966	$	9,534	$	894	$	971	$	4,393	$	46,758

Also in "Other intangible assets, net" in the Balance Sheets, are finite-lived intangible assets to be amortized upon placement in service. The following table sets forth the Company's finite-lived intangible assets not yet placed in service:


(in thousands)	Capitalized Development Costs		Software Licenses		Total
Balance at January 25, 2026	$	2,414	$	7,925	$	10,339
Additions	788		2,500		3,288
Placed in service	—		(1,100)		(1,100)
Balance at April 26, 2026	$	3,202	$	9,325	$	12,527