3 unchanged sentences
By policy, we do not enter into investments for trading or speculative purposes.
−Removed: As of September 27, 2025, we had cash, cash equivalents and marketable securities of $339.6 million, which was held primarily in cash, money market funds and highly liquid marketable securities such as U.S.
+Added: As of March 28, 2026, we had cash, cash equivalents and marketable securities of $243.3 million, which was held primarily in cash, money market funds and highly liquid marketable securities such as U.S.
government agency securities and commercial paper.
13 unchanged sentences
Our sales contracts are primarily denominated in USD and, therefore, most of our revenue is not subject to foreign currency risk.
−Removed: We are directly exposed to changes in foreign exchange rates to the extent such changes affect our expenses related to our foreign assets and liabilities with our subsidiaries in China, India, the United Kingdom and Ireland, whose functional currencies are Chinese Renminbi, or RMB, Indian Rupee, or INR, British Pounds Sterling, or GBP, and Euro, or EUR.
−Removed: Our operating expenses are incurred primarily in the United States and Canada (Canadian Dollar, or CAD), in China associated with our research and development operations that are maintained there, in India for our center of excellence and in the United Kingdom for our international sales and marketing activities.
+Added: We are directly exposed to changes in foreign exchange rates to the extent such changes affect our expenses related to our foreign assets and liabilities with our subsidiaries in China, India, Canada, the United Kingdom and Ireland, whose functional currencies are Chinese Renminbi, or RMB, Indian Rupee, or INR, Canada, or CAD, British Pounds Sterling, or GBP, and Euro, or EUR.
+Added: Our operating expenses are incurred primarily in the United States and Canada, in China associated with our research and development operations that are maintained there, in India for our center of excellence and in the United Kingdom for our international sales and marketing activities.
Our operating expenses are generally denominated in the functional currencies of our subsidiaries in which the operations are located.
The percentages of our operating expenses denominated in the following currencies for the indicated periods were as follows:
−Removed: Nine Months Ended
−Removed: September 27,
−Removed: 2025 September 28,
+Added: Three Months Ended
+Added: 2026 March 29,
USD 83 % 83 %
−Removed: If USD had appreciated or depreciated by 10%, relative to RMB, INR, CAD, GBP and EUR, our operating expenses for the first nine months of 2025 would have decreased or increased by approximately $6.4 million, or approximately 2%.
+Added: If USD had appreciated or depreciated by 10%, relative to RMB, INR, CAD, GBP and EUR, our operating expenses for the first three months of 2026 would have decreased or increased by approximately $2.4 million, or approximately 2%.
Foreign exchange rate fluctuations may also adversely impact our financial position as the assets and liabilities of our foreign operations are translated into USD in preparing our Condensed Consolidated Balance Sheets.
−Removed: The effect of foreign exchange rate fluctuations on our consolidated financial position for the nine months ended September 27, 2025 was a net translation gain of $0.1 million.
−Removed: This gain is recognized as an adjustment to stockholders’ equity through “Accumulated other comprehensive loss.”
+Added: The effect of foreign exchange rate fluctuations on our consolidated financial position for the three months ended March 28, 2026 was a net translation loss of $0.1 million.
+Added: This loss is recognized as an adjustment to stockholders’ equity through “Accumulated other comprehensive loss.”
Transaction Exposure
We have certain assets and liabilities, primarily accounts receivable and accounts payable (including inter-company transactions) that are denominated in currencies other than the relevant entity’s functional currency.
−Removed: In certain circumstances, changes in the functional currency value of these assets and liabilities create fluctuations in our reported consolidated financial position, cash flows and results of operations.
+Added: In certain circumstances,
+Added: changes in the functional currency value of these assets and liabilities create fluctuations in our reported consolidated financial position, cash flows and results of operations.
Periodically, we use derivatives to hedge against fluctuations in foreign exchange rates.
2 unchanged sentences
These foreign exchange forward contracts typically have maturities of approximately one to two months.
−Removed: As of September 27, 2025, we had no forward contracts outstanding.
+Added: As of March 28, 2026, we had no forward contracts outstanding.
Transaction gains and losses on these foreign currency denominated assets and liabilities are recognized each period within “Other expense, net” in our Condensed Consolidated Statements of Comprehensive Income (Loss).
−Removed: During the nine months ended September 27, 2025, the net loss we recognized related to these foreign currency denominated assets and liabilities was approximately $0.5 million.
+Added: During the three months ended March 28, 2026, the net loss we recognized related to these foreign currency denominated assets and liabilities was approximately $0.3 million.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.