3 unchanged sentences
By policy, we do not enter into investments for trading or speculative purposes.
−Removed: 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.
+Added: As of June 27, 2026, we had cash, cash equivalents and marketable securities of $194.3 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.
17 unchanged sentences
The percentages of our operating expenses denominated in the following currencies for the indicated periods were as follows:
−Removed: Three Months Ended
−Removed: 2026 March 29,
+Added: Six Months Ended
+Added: 2026 June 28,
USD 84 % 84 %
−Removed: 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%.
+Added: If USD had appreciated or depreciated by 10%, relative to RMB, INR, CAD, GBP and EUR, our operating expenses for the first six months of 2026 would have decreased or increased by approximately $4.5 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 three months ended March 28, 2026 was a net translation loss of $0.1 million.
+Added: The effect of foreign exchange rate fluctuations on our consolidated financial position for the six months ended June 27, 2026 was a net translation loss of $41,000.
This loss is recognized as an adjustment to stockholders’ equity through “Accumulated other comprehensive loss.”
1 unchanged sentence
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,
−Removed: 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, 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 March 28, 2026, we had no forward contracts outstanding.
+Added: As of June 27, 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 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.
+Added: During the six months ended June 27, 2026, the net loss we recognized related to these foreign currency denominated assets and liabilities was approximately $0.5 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.