| USD ($) $ in Millions, shares in Millions | Apr 3, 2026 | Jan 2, 2026 | Oct 3, 2025 | Mar 28, 2025 | Dec 27, 2024 |
|---|---|---|---|---|---|
Revenue, net | $ 5,950 | $ 3,025 | $ 2,308 | $ 1,695 | $ 1,876 |
Cost of revenue | 1,288 | 1,484 | 1,621 | 1,313 | 1,270 |
Gross profit | 4,662 | 1,541 | 687 | 382 | 606 |
Operating expenses: | |||||
Research and development | 337 | 327 | 316 | 285 | 279 |
Selling, general and administrative | 161 | 139 | 179 | 139 | 142 |
Goodwill impairment | 0 | - | - | 1,830 | - |
Loss on debt extinguishment | (46) | - | - | - | - |
Business separation costs | 7 | 9 | 9 | 9 | 21 |
Employee termination and other | 0 | 1 | (3) | 0 | 3 |
(Gain) loss on business divestiture | 0 | 0 | (10) | 0 | 34 |
Total operating expenses | 551 | 476 | 511 | 2,263 | 411 |
Operating income (loss) | 4,111 | 1,065 | 176 | (1,881) | 195 |
Interest and other income (expense): | |||||
Interest income | 12 | 12 | 16 | 6 | 2 |
Interest expense | (6) | (25) | (40) | (16) | (4) |
Other income (expense), net | (10) | (115) | (28) | (10) | (20) |
Total interest and other income (expense), net | (4) | (128) | (52) | (20) | (22) |
Income (loss) before taxes | 4,107 | 937 | 124 | (1,901) | 173 |
Income tax expense | 492 | 134 | 12 | 32 | 69 |
Net income (loss) | $ 3,615 | $ 803 | $ 112 | $ (1,933) | $ 104 |
Net income (loss) per common share: | |||||
Basic (in dollars per share) | $ 24.43 | $ 5.46 | $ 0.77 | $ (13.33) | - |
Diluted (in dollars per share) | $ 23.03 | $ 5.15 | $ 0.75 | $ (13.33) | - |
Weighted average shares outstanding: | |||||
Basic (in shares) | 148 | 147 | 146 | 145 | - |
Diluted (in shares) | 157 | 156 | 149 | 145 | - |