3 unchanged sentences
Our exposure to interest rate and general market risks relates to our investment portfolio.
−Removed: Our investment portfolio consists of cash and cash equivalents (money market funds, corporate bonds and notes, and U.S.
+Added: Our investment portfolio consists of cash and cash equivalents (money market funds, municipal bonds, corporate bonds and notes, and U.S.
Treasury and government securities purchased with less than ninety days until maturity) that total approximately $1,161.3 million, and marketable securities (U.S.
−Removed: Treasury and government securities, corporate bonds and notes, and municipal bonds) that total approximately $194.1 million and $11.4 million within short-term and long-term marketable securities, respectively, as of September 27, 2024.
+Added: Treasury and government securities and corporate bonds and notes) of approximately $212.9 million and $14.2 million within short-term and long-term marketable securities, respectively, as of October 3, 2025.
The main objectives of our investment activities are liquidity and preservation of capital.
Our cash equivalent investments have short-term maturity periods that dampen the impact of market or interest rate risk.
−Removed: Our marketable securities have short-term maturity periods less than one year.
+Added: Our marketable securities have short-term and long-term maturity periods between 90 days and two years.
Credit risk associated with our investments is not material because our investments are diversified across several types of securities with high credit ratings, which reduces the amount of credit exposure to any one investment.
−Removed: Based on our results of operations for the fiscal year ended September 27, 2024, a hypothetical reduction in the interest rates on our cash, cash equivalents, and other investments to zero would result in an immaterial reduction of interest income with a de minimis impact on income before taxes.
+Added: Based on our results of operations for the fiscal year ended October 3, 2025, a hypothetical reduction in the interest rates on our cash, cash equivalents, and other investments of 100 basis points would result in an immaterial reduction of interest income with a de minimis impact on income before taxes.
We do not believe that investment or interest rate risks currently pose material exposures to our business or results of operations.
2 unchanged sentences
A percentage of our international operational expenses are denominated in foreign currencies, and exchange rate volatility could positively or negatively impact those operating costs.
−Removed: For the fiscal years ended September 27, 2024, September 29, 2023, and September 30, 2022, we had foreign exchange losses of $5.2 million, foreign exchange gains of $1.7 million, and foreign exchange losses of $1.4 million, respectively.
+Added: For the fiscal years ended October 3, 2025, September 27, 2024, and September 29,
+Added: 2023, we had foreign exchange losses of $1.0 million and $5.2 million, and foreign exchange gains of $1.7 million, respectively.
Increases in the value of the United States dollar relative to other currencies could make our products more expensive, which could negatively impact our ability to compete.
4 unchanged sentences
However, we may choose not to hedge certain foreign exchange exposures for a variety of reasons, including, but not limited to, accounting considerations and the prohibitive economic cost of hedging particular exposures.
−Removed: As of September 27, 2024, we had not entered into any outstanding foreign currency forward or options contracts with financial institutions.
+Added: For the fiscal years ended October 3, 2025, September 27, 2024, and September 29, 2023, we had not entered into any outstanding foreign currency forward or options contracts with financial institutions.
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.