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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Jul. 02, 2022
Revenues:      
Total net revenue $ 1,000.4 $ 1,106.1 $ 1,292.4
Cost of revenues:      
Amortization of acquired technologies 13.8 24.6 30.0
Total cost of revenues 424.5 467.3 518.9
GAAP gross profit 575.9 638.8 773.5
Operating expenses:      
Research and development 201.9 206.9 213.2
Selling, general and administrative 333.3 328.7 365.7
Amortization of other intangibles 6.3 8.7 9.7
Restructuring and related charges (benefits) 13.6 12.1 (0.1)
Total operating expenses 555.1 556.4 588.5
Income from operations 20.8 82.4 185.0
Gain on litigation settlement 0.0 0.0 (101.8)
Loss on convertible note modification 0.0 (2.2) 0.0
Interest and other income, net 21.7 7.6 5.2
Interest expense (30.9) (27.1) (23.3)
Income before income taxes 11.6 60.7 65.1
Provision for income taxes 37.4 35.2 49.6
Net (loss) income $ (25.8) $ 25.5 $ 15.5
Net (loss) income per share:      
Basic (usd per share) $ (0.12) $ 0.11 $ 0.07
Diluted (usd per share) $ (0.12) $ 0.11 $ 0.07
Shares used in per-share calculations:      
Basic (in shares) 222.6 224.6 230.9
Diluted (in shares) 222.6 226.6 238.2
Product      
Revenues:      
Total net revenue $ 834.8 $ 936.1 $ 1,135.5
Cost of revenues:      
Cost of revenue 335.2 364.9 421.3
Service      
Revenues:      
Total net revenue 165.6 170.0 156.9
Cost of revenues:      
Cost of revenue $ 75.5 $ 77.8 $ 67.6