Qorvo (QRVO) 10-Q 4 Nov 21 2022 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Oct. 02, 2021	Oct. 28, 2021
Cover [Abstract]
Document Transition Report	false
Document Quarterly Report	true
Title of 12(b) Security	Common Stock, $0.0001 par value
Entity Current Reporting Status	Yes
Entity Incorporation, State or Country Code	DE
Entity Registrant Name	Qorvo, Inc.
City Area Code	336
Entity Central Index Key	0001604778
Document Type	10-Q
Document Period End Date	Oct. 2, 2021
Entity File Number	001-36801
Amendment Flag	false
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--04-02
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Common Stock, Shares Outstanding		110,223,227
Entity Address, Address Line One	7628 Thorndike Road
Local Phone Number	664-1233
Entity Interactive Data Current	Yes
Entity Shell Company	false
Trading Symbol	QRVO
Security Exchange Name	NASDAQ
Entity Tax Identification Number	46-5288992
Entity Address, City or Town	Greensboro,
Entity Address, State or Province	NC
Entity Address, Postal Zip Code	27409-9421
Document Fiscal Year Focus	2022

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Oct. 02, 2021	Apr. 03, 2021
Current assets:
Cash and cash equivalents	$ 1,153,172	$ 1,397,880
Accounts receivable, net of allowance of $464 and $331 as of October 2, 2021 and April 3, 2021, respectively	662,787	457,431
Inventories	597,563	507,787
Prepaid expenses	49,298	41,572
Other receivables	33,841	27,324
Other current assets	44,606	51,810
Total current assets	2,541,267	2,483,804
Property and equipment, net of accumulated depreciation of $1,655,084 and $1,561,613 as of October 2, 2021 and April 3, 2021, respectively	1,276,810	1,266,031
Goodwill	2,734,116	2,642,708
Intangible assets, net	615,486	611,155
Long-term investments	36,908	35,370
Other non-current assets	371,869	182,402
Total assets	7,576,456	7,221,470
Current liabilities:
Accounts payable	521,569	313,868
Accrued liabilities	284,689	255,060
Current portion of long-term debt	5,545	5,092
Other current liabilities	90,692	107,561
Total current liabilities	902,495	681,581
Long-term debt	1,740,552	1,742,550
Other long-term liabilities	205,655	167,914
Total liabilities	2,848,702	2,592,045
Stockholders’ equity:
Preferred stock, $.0001 par value; 5,000 shares authorized; no shares issued and outstanding	0	0
Common stock and additional paid-in capital, $.0001 par value; 405,000 shares authorized; 110,461 and 112,557 shares issued and outstanding at October 2, 2021 and April 3, 2021, respectively	4,158,170	4,244,740
Accumulated other comprehensive income	23,431	29,649
Retained earnings	546,153	355,036
Total stockholders’ equity	4,727,754	4,629,425
Total liabilities and stockholders’ equity	$ 7,576,456	$ 7,221,470

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Oct. 02, 2021	Apr. 03, 2021
Statement of Financial Position [Abstract]
Allowance for accounts receivable	$ 464	$ 331
Property and equipment, accumulated depreciation	$ 1,655,084	$ 1,561,613
Preferred Stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common Stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	405,000,000	405,000,000
Common stock, shares issued	110,461,000	112,557,000
Common stock, shares outstanding	110,461,000	112,557,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 02, 2021	Oct. 03, 2020	Oct. 02, 2021	Oct. 03, 2020
Income Statement [Abstract]
Revenues	$ 1,255,248	$ 1,060,292	$ 2,365,599	$ 1,847,743
Cost of goods sold	633,695	568,742	1,197,863	1,030,404
Gross profit	621,553	491,550	1,167,736	817,339
Operating expenses:
Research and Development Expense	158,377	156,342	310,456	286,413
Selling, general and administrative	93,489	109,372	183,788	195,976
Other operating expense	7,327	4,192	14,030	20,594
Total operating expenses	259,193	269,906	508,274	502,983
Operating income	362,360	221,644	659,462	314,356
Interest expense	(15,327)	(23,486)	(30,606)	(42,335)
Other income, net	4,754	1,920	21,545	25,057
Income before income taxes	351,787	200,078	650,401	297,078
Income tax expense	(32,598)	(63,161)	(45,586)	(63,239)
Net income	$ 319,189	$ 136,917	$ 604,815	$ 233,839
Net income per share:
Basic	$ 2.87	$ 1.20	$ 5.43	$ 2.04
Diluted	$ 2.84	$ 1.18	$ 5.35	$ 2.01
Weighted average shares of common stock outstanding:
Basic	111,035	114,328	111,476	114,388
Diluted	112,411	116,177	113,088	116,395

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 02, 2021	Oct. 03, 2020	Oct. 02, 2021	Oct. 03, 2020
Statement of Comprehensive Income [Abstract]
Net income	$ 319,189	$ 136,917	$ 604,815	$ 233,839
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustment, including intra-entity foreign currency transactions that are of a long-term investment nature	(9,517)	18,201	(6,279)	24,288
Reclassification adjustments, net of tax:
Amortization of pension actuarial loss	30	21	61	40
Other comprehensive (loss) income	(9,487)	18,222	(6,218)	24,328
Total comprehensive income	$ 309,702	$ 155,139	$ 598,597	$ 258,167

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Accumulated Other Comprehensive Loss	Retained Earnings
Common Stock, Shares, Outstanding		114,625
Common stock and additional paid-in capital	$ 4,290,377
Stockholders' Equity Attributable to Parent	4,292,665
Accumulated Other Comprehensive Income (Loss), Net of Tax	2,288
Retained Earnings (Accumulated Deficit)	0
Net income	233,839	$ 0	$ 0	$ 233,839
Other Comprehensive Income (Loss), Net of Tax	24,328	$ 0	24,328	0
Exercise Of Stock Options And Vesting Of Restricted Stock Units Net Of Shares Withheld For Employee Taxes Shares		826
Exercise Of Stock Options And Vesting Of Restricted Stock Units Net Of Shares Withheld For Employee Taxes	(32,371)	$ (32,371)	0	0
Stock Issued During Period, Shares, Employee Stock Purchase Plans		229
Stock Issued During Period, Value, Employee Stock Purchase Plan	15,758	$ 15,758	0	0
Cumulative-effect adoption of ASU 2016-13	$ (38)	$ 0	0	(38)
Stock Repurchased During Period, Shares	(1,600)	(1,569)
Stock Repurchased During Period, Value	$ (180,048)	$ (58,830)	0	(121,218)
Stock-based compensation	53,053	53,053	0	0
Other Retained Earnings Adjustment	(20)	$ 0	0	(20)
Payments for Repurchase of Common Stock	180,048
Common Stock, Shares, Outstanding		114,354
Common stock and additional paid-in capital	4,293,621
Stockholders' Equity Attributable to Parent	4,351,245
Accumulated Other Comprehensive Income (Loss), Net of Tax	8,394
Retained Earnings (Accumulated Deficit)	49,230
Net income	136,917	$ 0	0	136,917
Other Comprehensive Income (Loss), Net of Tax	18,222	$ 0	18,222	0
Exercise Of Stock Options And Vesting Of Restricted Stock Units Net Of Shares Withheld For Employee Taxes Shares		594
Exercise Of Stock Options And Vesting Of Restricted Stock Units Net Of Shares Withheld For Employee Taxes	$ 26,306	$ 26,306	0	0
Stock Repurchased During Period, Shares	(800)	(837)
Stock Repurchased During Period, Value	$ (105,009)	$ (31,425)	0	(73,584)
Stock-based compensation	32,097	$ 32,097	0	0
Common Stock, Shares, Outstanding		114,111
Common stock and additional paid-in capital	4,267,987
Stockholders' Equity Attributable to Parent	4,407,166
Accumulated Other Comprehensive Income (Loss), Net of Tax	26,616
Retained Earnings (Accumulated Deficit)	$ 112,563
Common Stock, Shares, Outstanding	112,557
Common stock and additional paid-in capital	$ 4,244,740
Stockholders' Equity Attributable to Parent	4,629,425
Accumulated Other Comprehensive Income (Loss), Net of Tax	29,649
Retained Earnings (Accumulated Deficit)	355,036
Net income	604,815	$ 0	0	604,815
Other Comprehensive Income (Loss), Net of Tax	(6,218)	$ 0	(6,218)	0
Exercise Of Stock Options And Vesting Of Restricted Stock Units Net Of Shares Withheld For Employee Taxes Shares		642
Exercise Of Stock Options And Vesting Of Restricted Stock Units Net Of Shares Withheld For Employee Taxes	(49,452)	$ (49,452)	0	0
Stock Issued During Period, Shares, Employee Stock Purchase Plans		165
Stock Issued During Period, Value, Employee Stock Purchase Plan	$ 17,794	$ 17,794	0	0
Stock Repurchased During Period, Shares	(2,900)	(2,903)
Stock Repurchased During Period, Value	$ (523,373)	$ (109,675)	0	(413,698)
Stock-based compensation	54,763	$ 54,763	0	0
Payments for Repurchase of Common Stock	523,373
Common Stock, Shares, Outstanding		111,210
Common stock and additional paid-in capital	4,210,914
Stockholders' Equity Attributable to Parent	4,648,394
Accumulated Other Comprehensive Income (Loss), Net of Tax	32,918
Retained Earnings (Accumulated Deficit)	404,562
Net income	319,189	$ 0	0	319,189
Other Comprehensive Income (Loss), Net of Tax	(9,487)	$ 0	(9,487)	0
Exercise Of Stock Options And Vesting Of Restricted Stock Units Net Of Shares Withheld For Employee Taxes Shares		459
Exercise Of Stock Options And Vesting Of Restricted Stock Units Net Of Shares Withheld For Employee Taxes	$ (36,104)	$ (36,104)	0	0
Stock Repurchased During Period, Shares	(1,200)	(1,208)
Stock Repurchased During Period, Value	$ (223,356)	$ (45,758)	0	(177,598)
Stock-based compensation	$ 29,118	$ 29,118	$ 0	$ 0
Common Stock, Shares, Outstanding	110,461
Common stock and additional paid-in capital	$ 4,158,170
Stockholders' Equity Attributable to Parent	4,727,754
Accumulated Other Comprehensive Income (Loss), Net of Tax	23,431
Retained Earnings (Accumulated Deficit)	$ 546,153

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Oct. 02, 2021	Oct. 03, 2020
Cash flows from operating activities:
Net income	$ 604,815	$ 233,839
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	105,205	100,799
Intangible assets amortization	74,022	144,470
Deferred income taxes	(2,230)	36,468
Stock-based compensation expense	53,929	51,907
Other, net	(6,867)	(7,496)
Changes in operating assets and liabilities:
Accounts receivable, net	(203,321)	(118,008)
Inventories	(87,137)	41,844
Prepaid expenses and other assets	(157,063)	(2,366)
Accounts payable and accrued liabilities	242,632	16,230
Income taxes payable and receivable	(16,455)	9,671
Other liabilities	(21,132)	(12,109)
Net cash provided by operating activities	586,398	495,249
Cash flows from investing activities:
Purchase of property and equipment	(112,560)	(73,386)
Purchase of businesses, net of cash acquired	166,818	47,520
Other investing activities	11,781	9,581
Net cash used in investing activities	(267,597)	(111,325)
Cash flows from financing activities:
Payment of debt	(2,500)	(100,000)
Proceeds from borrowings and debt issuances	0	1,206,750
Repurchase of common stock, including transaction costs	(523,373)	(180,048)
Proceeds from the issuance of common stock	20,435	21,792
Tax withholding paid on behalf of employees for restricted stock units	(51,334)	(36,354)
Other financing activities	(5,990)	(11,705)
Net cash (used in) provided by financing activities	(562,762)	900,435
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(1,087)	936
Net (decrease) increase in cash, cash equivalents and restricted cash	(245,048)	1,285,295
Cash, cash equivalents and restricted cash at the beginning of the period	1,398,309	715,612
Cash, cash equivalents and restricted cash at the end of the period	1,153,261	2,000,907
Cash and cash equivalents	1,153,172	2,000,257
Restricted cash included in "Other current assets" and "Other non-current assets"	89	650
Capital expenditures included in liabilities	$ 54,507	$ 22,124

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	6 Months Ended
	Oct. 02, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES	BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES The accompanying Condensed Consolidated Financial Statements of Qorvo, Inc. and Subsidiaries (together, the “Company” or “Qorvo”) have been prepared in conformity with accounting principles generally accepted in the United States (“U.S. GAAP”). The preparation of these financial statements requires management to make estimates and assumptions, which could differ materially from actual results. In addition, certain information or footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed, or omitted, pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). In the opinion of management, the financial statements include all adjustments (which are of a normal and recurring nature) necessary for the fair presentation of the results of the interim periods presented. These Condensed Consolidated Financial Statements should be read in conjunction with the Company's audited consolidated financial statements and notes thereto included in Qorvo’s Annual Report on Form 10-K for the fiscal year ended April 3, 2021. The Condensed Consolidated Financial Statements include the accounts of the Company and its wholly-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. Certain items in the fiscal 2021 financial statements have been reclassified to conform with the fiscal 2022 presentation. The Company uses a 52- or 53-week fiscal year ending on the Saturday closest to March 31 of each year. Each fiscal year, the first quarter ends on the Saturday closest to June 30, the second quarter ends on the Saturday closest to September 30 and the third quarter ends on the Saturday closest to December 31. Fiscal 2022 is a 52-week year, and fiscal 2021 was a 53-week year. The second quarter of fiscal 2022 included 13 weeks, compared to 14 weeks for the second quarter of fiscal 2021, and the first six months of fiscal 2022 included 26 weeks, compared to 27 weeks for the first six months of fiscal 2021.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Oct. 02, 2021
Accounting Standards Update and Change in Accounting Principle [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	RECENT ACCOUNTING PRONOUNCEMENTS In December 2019, the Financial Accounting Standards Board issued Accounting Standards Update 2019-12, " Simplifying the Accounting for Income Taxes ," which eliminates certain exceptions within Accounting Standards Codification Topic 740, "Income Taxes " and clarifies and simplifies other aspects of the current accounting guidance. The Company adopted this standard in the first quarter of fiscal 2022, and it did not have a material impact on the Company's consolidated financial statements.

Inventories

Inventories	6 Months Ended
	Oct. 02, 2021
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES The components of inventories, net of reserves, are as follows (in thousands): October 2, 2021 April 3, 2021 Raw materials $ 179,390 $ 134,959 Work in process 319,525 283,067 Finished goods 98,648 89,761 Total inventories $ 597,563 $ 507,787

Business Acquisition

Business Acquisition	6 Months Ended
	Oct. 02, 2021
Business Combinations [Abstract]
BUSINESS ACQUISITION	BUSINESS ACQUISITIONS NextInput, Inc. On April 5, 2021, the Company acquired all the outstanding equity interests of NextInput, Inc. ("NextInput"), a leader in microelectromechanical system ("MEMS")-based sensing solutions, for a total cash purchase price of $173.4 million. The acquisition expands the Company's offerings of MEMS-based products for mobile applications and provides sensing solutions for a broad range of applications in other markets. The purchase price was preliminarily allocated based on the estimated fair values of the assets acquired and liabilities assumed as follows (in thousands): Intangible assets $ 81,000 Goodwill 94,285 Net tangible assets (1) 8,216 Deferred tax liability, net (10,132) Total purchase price $ 173,369 (1) Includes cash acquired of $5.8 million. The more significant intangible assets acquired included developed technology of $73.0 million and customer relationships of $7.5 million. The fair value of the developed technology acquired was determined based on an income approach using the "excess earnings method" which estimated the value of the intangible asset by discounting the future projected earnings of the asset to present value as of the valuation date. The acquired developed technology asset is being amortized on a straight-line basis over its estimated useful life of seven The fair value of the customer relationships acquired was determined based on an income approach using the "with and without method" in which the value of the intangible asset is determined by the difference in discounted cash flows of the profitability of the Company "with" the asset and the profitability of the Company "without" the asset. These customer relationships are being amortized on a straight-line basis over their estimated useful life of one The Company will continue to evaluate certain assets, liabilities and tax estimates over the measurement period (up to one year from the acquisition date). The goodwill resulting from the acquisition of NextInput is attributed to synergies and other benefits that are expected to be generated from this transaction and is not deductible for income tax purposes. The operating results of NextInput were not material and have been included in the Company's condensed consolidated financial statements as of the acquisition date. During the three and six months end ed October 2, 2021, the Company recorded acquisition and integration related costs associated with the acquisition of NextInput totaling $0.5 million and $1.7 million in "Other operating expense" in the Condensed Consolidated Statements of Income. 7Hugs Labs S.A.S. On October 1, 2020, the Company acquired all the outstanding equity interests of 7Hugs Labs S.A.S. ("7Hugs"), a private developer of Ultra Wideband ("UWB") software and solutions, for a total cash purchase price of $48.7 million. The acquisition supports the ongoing development and adoption of the Company's UWB products and solutions. During the six months ended October 2, 2021, the Company recognized a decrease to goodwill of approximately $0.1 million in connection with finalizing the purchase price allocation. The measurement period ended one year from the acquisition date.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Oct. 02, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets Disclosure [Text Block]	GOODWILL AND INTANGIBLE ASSETS The changes in the carrying amount of goodwill for the six months ended October 2, 2021, are as follows (in thousands): Mobile Products Infrastructure and Defense Products Total Balance as of April 3, 2021 (1) $ 2,034,383 $ 608,325 $ 2,642,708 Goodwill resulting from NextInput acquisition (Note 4) 94,285 — 94,285 7Hugs measurement period adjustments (97) — (97) Effect of changes in foreign currency exchange rates (2,780) — (2,780) Balance as of October 2, 2021 (1) $ 2,125,791 $ 608,325 $ 2,734,116 (1) The Company’s goodwill balance is presented net of accumulated impairment losses and write-offs of $621.6 million. The following summarizes information regarding the gross carrying amounts and accumulated amortization of intangible assets (in thousands): October 2, 2021 April 3, 2021 Gross Accumulated Gross Accumulated Developed technology $ 913,798 $ 361,564 $ 1,295,113 $ 750,044 Customer relationships 86,033 33,652 459,052 403,407 Technology licenses 2,648 2,057 2,368 2,076 Backlog — — 1,600 1,600 Trade names 1,573 1,010 1,090 636 In-process research and development 9,717 N/A 9,695 N/A Total (1) $ 1,013,769 $ 398,283 $ 1,768,918 $ 1,157,763 (1) Amounts include the impact of foreign currency translation. At the beginning of each fiscal year, the Company removes the gross asset and accumulated amortization amounts of intangible assets that have reached the end of their useful lives and have been fully amortized. Useful lives are estimated based on the expected economic benefit to be derived from the intangible assets.

Investments and Fair Value of F

Investments and Fair Value of Financial Instruments	6 Months Ended
	Oct. 02, 2021
Investments and Fair Value Measurements [Abstract]
INVESTMENTS AND FAIR VALUE MEASUREMENTS	INVESTMENTS AND FAIR VALUE OF FINANCIAL INSTRUMENTS Equity Method Investments The Company invests in limited partnerships and accounts for these investments using the equity method. The carrying amounts of these investments as of October 2, 2021, and April 3, 2021, were $32.4 million and $29.8 million, respectively, and are classified as “Long-term investments” in the Condensed Consolidated Balance Sheets. During the three and six months ended October 2, 2021, the Company recorded income of $1.5 million and $16.0 million, respectively, based on its share of the limited partnerships' earnings. During the three and six months ended October 3, 2020, the Company recorded $0.1 million of expense and $15.6 million of income, respectively, based on its share of the limited partnerships' earnings. These amounts are included in “Other income, net” in the Condensed Consolidated Statements of Income. During the three and six months ended October 2, 2021, the Company received cash distributions of $9.6 million and $13.5 million, respectively, which were recognized as a reduction to the carrying value of the investment and included in the cash flows from investing activities in the Condensed Consolidated Statement of Cash Flows. There were no cash distributions received during the three and six months ended October 3, 2020. Fair Value of Financial Instruments The fair value of the financial assets and liabilities measured on a recurring basis was determined using the following levels of inputs (in thousands): Total Quoted Prices In Significant Other Significant October 2, 2021 Marketable equity securities $ 1,514 $ 1,514 $ — $ — Invested funds in deferred compensation plan (1) 37,114 37,114 — — April 3, 2021 Marketable equity securities $ 3,802 $ 3,802 $ — $ — Invested funds in deferred compensation plan (1) 32,824 32,824 — — Contingent earn-out liability (2) (10,000) — — (10,000) (1) Invested funds under the Company's non-qualified deferred compensation plan are held in a rabbi trust and consist of mutual funds. The fair value of the mutual funds is calculated using the net asset value per share determined by quoted active market prices of the underlying investments. (2) The Company recorded a contingent earn-out liability in conjunction with the acquisition of Custom MMIC Design Services, Inc. which was paid during the first quarter of fiscal 2022.

Long-Term Debt

Long-Term Debt	6 Months Ended
	Oct. 02, 2021
Debt Disclosure [Abstract]
DEBT	LONG-TERM DEBT Long-term debt is as follows (in thousands): October 2, 2021 April 3, 2021 Term loan $ 195,000 $ 197,500 4.375% senior notes due 2029 850,000 850,000 3.375% senior notes due 2031 700,000 700,000 Finance leases 2,493 1,617 Unamortized premium and issuance costs, net (1,396) (1,475) Less current portion of long-term debt (5,545) (5,092) Total long-term debt $ 1,740,552 $ 1,742,550 Credit Agreement On September 29, 2020, the Company and certain of its U.S. subsidiaries (the “Guarantors”) entered into a five-year unsecured senior credit facility pursuant to a credit agreement (the “2020 Credit Agreement”) with Bank of America, N.A., acting as administrative agent, and a syndicate of lenders. The 2020 Credit Agreement amended and restated the previous credit agreement dated as of December 5, 2017 (the “2017 Credit Agreement”). The 2020 Credit Agreement includes a senior term loan (the “2020 Term Loan”) of up to $200.0 million and a senior revolving line of credit (the “Revolving Facility”) of up to $300.0 million. During the three and six months ended October 2, 2021, there were no borrowings under the Revolving Facility. On the closing date of the 2020 Credit Agreement, the Company repaid the remaining principal balance of $97.5 million on the term loan under the 2017 Credit Agreement and concurrently drew $200.0 million under the 2020 Term Loan. During the three and six months ended October 2, 2021, the Company made principal payments of $1.3 million and $2.5 million, respectively. Interest paid during the three and six months ended October 2, 2021, was $0.6 million and $1.2 million, respectively. The 2020 Credit Agreement contains various conditions, covenants and representations with which the Company must be in compliance in order to borrow funds and to avoid an event of default. As of October 2, 2021, the Company was in compliance with these covenants. Senior Notes due 2029 On September 30, 2019, the Company issued $350.0 million aggregate principal amount of its 4.375% senior notes due 2029 (the “Initial 2029 Notes”). On December 20, 2019, and June 11, 2020, the Company issued an additional $200.0 million and $300.0 million, respectively, aggregate principal amount of such note s (together, the “Additional 2029 Notes” and together with the Initial 2029 Notes, the “2029 Notes”). The 2029 Notes will mature on October 15, 2029, unless earlier redeemed in accordance with their terms. The 2029 Notes are senior unsecured obligations of the Company and are guaranteed, jointly and severally, by the Guarantors. The Initial 2029 Notes were issued pursuant to an indenture, dated as of September 30, 2019, by and among the Company, the Guarantors and MUFG Union Bank, N.A., as trustee, and the Additional 2029 Notes were issued pursuant to supplemental indentures, dated as of December 20, 2019, and June 11, 2020 (such indenture and supplemental indentures, collectively, the “2019 Indenture”). The 2019 Indenture contains customary events of default, including payment default, failure to provide certain notices thereunder and certain provisions related to bankruptcy events and also contains customary negative covenants. Interest is payable on the 2029 Notes on April 15 and October 15 of each year. The Company paid no interest on the 2029 Notes during the three months ended October 2, 2021, and paid interest of $18.6 million on the 2029 Notes during the six months ended October 2, 2021. The Company paid no interest on the 2029 Notes during the three months ended October 3, 2020, and paid interest of $13.0 million on the 2029 Notes during the six months ended October 3, 2020. Senior Notes due 2031 On September 29, 2020, the Company issued $700.0 million aggregate principal amount of its 3.375% senior notes due 2031 (the “2031 Notes”). The 2031 Notes will mature on April 1, 2031, unless earlier redeemed in accordance with their terms. The 2031 Notes are senior unsecured obligations of the Company and are guaranteed, jointly and severally, by the Guarantors. The 2031 Notes were issued pursuant to an indenture, dated as of September 29, 2020, by and among the Company, the Guarantors and MUFG Union Bank, N.A., as trustee (the “2020 Indenture”). The 2020 Indenture contains the same customary events of default and negative covenants as the 2019 Indenture. Interest is payable on the 2031 Notes on April 1 and October 1 of each year. During the three and six months ended October 2, 2021, the company paid interest of $11.8 million on the 2031 Notes. The Company paid no interest on the 2031 Notes during the three and six months ended October 3, 2020. Fair Value of Debt The Company's debt is carried at amortized cost and is measured at fair value quarterly for disclosure purposes. The estimated fair value of the 2029 Notes and the 2031 Notes as of October 2, 2021, was $924.3 million and $739.6 million, respectively (compared to the outstanding principal amount of $850.0 million and $700.0 million, respectively). The estimated fair value of the 2029 Notes and the 2031 Notes as of April 3, 2021, was $905.3 million and $689.5 million, respectively (compared to the outstanding principal amount of $850.0 million and $700.0 million, respectively). The Company considers its debt to be Level 2 in the fair value hierarchy. Fair values are estimated based on quoted market prices for identical or similar instruments. The 2029 Notes and the 2031 Notes currently trade over-the-counter, and the fair values were estimated based upon the value of the last trade at the end of the period. The 2020 Term Loan carries a variable interest rate set at current market rates, and as such, the fair value of the 2020 Term Loan approximated carrying value as of October 2, 2021 and April 3, 2021. Interest Expense During the three and six months ended October 2, 2021, the Company recognized total interest expense of $16.2 million and $32.5 million, respectively, primarily related to the 2029 Notes and the 2031 Notes, partially offset by interest capitalized to property and equipment of $0.9 million and $1.9 million, respectively. During the three and six months ended October 3, 2020, the Company recognized total interest expense of $24.6 million and $44.6 million, respectively, primarily related to its 5.50%

Stock Repurchases

Stock Repurchases	6 Months Ended
	Oct. 02, 2021
Equity [Abstract]
STOCK REPURCHASES	STOCK REPURCHASES On May 5, 2021, the Company announced that its Board of Directors authorized a new share repurchase program to repurchase up to $2.0 billion of the Company's outstanding common stock, which included approximately $236.9 million authorized under the prior program terminated concurrent with the new authorization. Under this current program, share repurchases are made in accordance with applicable securities laws on the open market or in privately negotiated transactions. The extent to which the Company repurchases its shares, the number of shares and the timing of any repurchases depends on general market conditions, regulatory requirements, alternative investment opportunities and other considerations. The program does not require the Company to repurchase a minimum number of shares, does not have a fixed term, and may be modified, suspended or terminated at any time without prior notice. During the three and six months ended October 2, 2021, the Company repurchased approximately 1.2 million and 2.9 million shares, respectively, of its common stock for approximately $223.4 million and $523.4 million, respectively (including transaction costs). As of October 2, 2021, approximately $1,490.6 million remains available for repurchases under the current share repurchase program. During the three and six months ended October 3, 2020, the Company repurchased approximately 0.8 million and 1.6 million shares, respectively, of its common stock for approximately $105.0 million and $180.0 million, respectively (including transaction costs) under the prior repurchase program.

Commitments and Contingent Liab

Commitments and Contingent Liabilities	6 Months Ended
	Oct. 02, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	COMMITMENTS AND CONTINGENT LIABILITIES Purchase Obligations As of October 2, 2021, the Company's purchase obligations totaled approximately $2.4 billion, of which approximately $600.0 million is expected to be paid during the last six months of fiscal 2022 and the remaining $1.8 billion is expected to be paid ratably over fiscal years 2023 through 2026. Noncancelable purchase obligations represent payments due related to the purchase of materials and manufacturing services, a majority of which are not recorded as liabilities in the Condensed Consolidated Balance Sheet because the Company has not received the related goods or services as of October 2, 2021. In an effort to support growth amidst ongoing industry-wide supply constraints, the Company entered into a long-term capacity reservation agreement with a foundry supplier during the second quarter ended October 2, 2021. The Company agreed to pay certain fees and deposits which are recorded in "Prepaid expenses" and "Other non-current assets" in the Condensed Consolidated Balance Sheet as of October 2, 2021. Under the agreement the Company is required to purchase, and the foundry supplier is required to supply, a certain number of wafers (at predetermined sales prices) for calendar years 2022 through 2025. The Company currently estimates that it is obligated to purchase a total of approximately $1.8 billion of wafers (included in the total purchase obligations above) under the capacity reservation agreement. The Company is involved in various legal proceedings and claims that have arisen in the ordinary course of business that have not been fully adjudicated. The Company accrues a liability for legal contingencies when it believes that it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated. The Company regularly evaluates developments in its legal matters that could affect the amount of the previously accrued liability and records adjustments as appropriate. Although it is not possible to predict with certainty the outcome of the unresolved legal matters, it is the opinion of management that these matters will not, individually or in the aggregate, have a material adverse effect on the Company’s consolidated financial position or results of operations. The aggregate range of reasonably possible losses in excess of accrued liabilities, if any, associated with these unresolved legal matters is not material.

Revenue

Revenue	6 Months Ended
	Oct. 02, 2021
Revenue from Contract with Customer [Abstract]
REVENUE	REVENUE The following table presents the Company's revenue disaggregated by geography, based on the location of the customers' headquarters (in thousands): Three Months Ended Six Months Ended October 2, 2021 October 3, 2020 October 2, 2021 October 3, 2020 China $ 418,263 $ 391,011 $ 954,200 $ 778,233 United States 560,992 459,416 880,173 707,661 Other Asia 119,488 102,548 228,766 160,645 Taiwan 92,067 53,350 177,281 106,679 Europe 64,438 53,967 125,179 94,525 Total revenue $ 1,255,248 $ 1,060,292 $ 2,365,599 $ 1,847,743 The Company also disaggregates revenue by operating segments (see Note 11).

Operating Segment Information

Operating Segment Information	6 Months Ended
	Oct. 02, 2021
Segment Reporting [Abstract]
OPERATING SEGMENT INFORMATION	OPERATING SEGMENT INFORMATION The Company's operating and reportable segments are Mobile Products ("MP") and Infrastructure and Defense Products ("IDP") based on the organizational structure and information reviewed by the Company's Chief Executive Officer, who is the Company's chief operating decision maker ("CODM"), and these segments are managed separately based on the end markets and applications they support. The CODM allocates resources and assesses the performance of each operating segment primarily based on operating income. MP is a global supplier of cellular, UWB, Wi-Fi and other solutions for a variety of applications, including smartphones, wearables, laptops, tablets and Internet of Things ("IoT"). IDP is a global supplier of RF, system-on-a-chip and power management solutions for applications in wireless infrastructure, defense, Wi-Fi, smart home, automotive and IoT. The "All other" category includes operating expenses such as stock-based compensation, amortization of intangible assets, acquisition and integration related costs, (loss) gain on assets, start-up costs, restructuring related charges and other miscellaneous corporate overhead expenses that the Company does not allocate to its reportable segments because these expenses are not included in the segment operating performance measures evaluated by the Company’s CODM. The CODM does not evaluate operating segments using discrete asset information. The Company’s operating segments do not record intercompany revenue. The Company does not allocate gains and losses from equity investments, interest and other income, or taxes to operating segments. Except as discussed above regarding the "All other" category, the Company’s accounting policies for segment reporting are the same as for the Company as a whole. The following tables present details of the Company’s operating and reportable segments and a reconciliation of the “All other” category (in thousands): Three Months Ended Six Months Ended October 2, 2021 October 3, 2020 October 2, 2021 October 3, 2020 Revenue: MP $ 995,697 $ 754,294 $ 1,831,835 $ 1,222,698 IDP 259,551 305,998 533,764 625,045 Total revenue $ 1,255,248 $ 1,060,292 $ 2,365,599 $ 1,847,743 Operating income (loss): MP $ 385,589 $ 262,858 $ 685,279 $ 372,841 IDP 49,829 66,495 117,168 160,250 All other (73,058) (107,709) (142,985) (218,735) Operating income 362,360 221,644 659,462 314,356 Interest expense (15,327) (23,486) (30,606) (42,335) Other income, net 4,754 1,920 21,545 25,057 Income before income taxes $ 351,787 $ 200,078 $ 650,401 $ 297,078 Three Months Ended Six Months Ended October 2, 2021 October 3, 2020 October 2, 2021 October 3, 2020 Reconciliation of “All other” category: Stock-based compensation expense $ (28,691) $ (30,048) $ (53,929) $ (51,907) Amortization of intangible assets (36,577) (72,147) (73,800) (144,091) Acquisition and integration related costs (6,040) (7,259) (10,033) (19,922) Other (including (loss) gain on assets, start-up costs, restructuring related charges and other miscellaneous corporate overhead) (1,750) 1,745 (5,223) (2,815) Loss from operations for “All other” $ (73,058) $ (107,709) $ (142,985) $ (218,735)

Income Taxes

Income Taxes	6 Months Ended
	Oct. 02, 2021
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The Company’s income tax expense was $32.6 million and $45.6 million for the three and six months ended October 2, 2021, respectively, and $63.2 million for the three and six months ended October 3, 2020. The Company’s effective tax rate was 9.3% and 7.0% for the three and six months ended October 2, 2021, respectively, and 31.6% and 21.3% for the three and six months ended October 3, 2020, respectively. The Company's effective tax rate for the three and six months ended October 2, 2021, differed from the statutory rate primarily due to tax rate differences in foreign jurisdictions, global intangible low tax income (“GILTI”), domestic tax credits generated and discrete tax items recorded during the period. A discrete benefit of $10.3 million and $30.5 million was recorded during the three and six months ended October 2, 2021, respectively. The discrete tax benefits for the three and six months ended October 2, 2021 primarily related to stock-based compensation deductions and net tax benefits associated with other non-recurring restructuring activities, including a discrete charge associated with the intercompany restructuring of the NextInput intellectual property. The discrete tax benefit for the six months ended October 2, 2021 was also due in part to the recognition of previously unrecognized tax benefits due to the expiration of the statute of limitations. The Company's effective tax rate for the three and six months ended October 3, 2020, differed from the statutory rate primarily due to tax rate differences in foreign jurisdictions, GILTI, domestic tax credits generated and discrete tax items recorded during the period. A discrete charge of $45.2 million and $35.2 million was recorded during the three and six months ended October 3, 2020, respectively. The discrete charges for the three and six months ended October 3, 2020 primarily related to the

Net Income Per Share

Net Income Per Share	6 Months Ended
	Oct. 02, 2021
Earnings Per Share [Abstract]
NET INCOME (LOSS) PER SHARE	NET INCOME PER SHARE The following table sets forth the computation of basic and diluted net income per share (in thousands, except per share data): Three Months Ended Six Months Ended October 2, 2021 October 3, 2020 October 2, 2021 October 3, 2020 Numerator: Numerator for basic and diluted net income per share $ 319,189 $ 136,917 $ 604,815 $ 233,839 Denominator: Denominator for basic net income per share — weighted average shares 111,035 114,328 111,476 114,388 Effect of dilutive securities: Stock-based awards 1,376 1,849 1,612 2,007 Denominator for diluted net income per share — adjusted weighted average shares and assumed conversions 112,411 116,177 113,088 116,395 Basic net income per share $ 2.87 $ 1.20 $ 5.43 $ 2.04 Diluted net income per share $ 2.84 $ 1.18 $ 5.35 $ 2.01 An immaterial number of the Company's outstanding stock-based awards was excluded from the computation of diluted net income per share for the three and six months ended October 2, 2021 and October 3, 2020, because the effect of their inclusion would have been anti-dilutive.

Subsequent Events

Subsequent Events	6 Months Ended
	Oct. 02, 2021
Subsequent Events [Abstract]
Subsequent Events [Text Block]	SUBSEQUENT EVENT United Silicon Carbide, Inc. Acquisition On October 19, 2021, the Company acquired all the outstanding equity interests of United Silicon Carbide, Inc., a leading manufacturer of silicon carbide (SiC) power semiconductors, for cash consideration of approximately $227.1 million and contingent cash consideration of up to $31.3 million based on the achievement of certain revenue and gross margin targets subsequent to the close date and through December 31, 2022. The acquisition expands the Company's offerings with SiC power products that deliver leading performance for applications in electric vehicles, battery charging, IT infrastructure, renewables and circuit protection.

Long-Term Debt Fair Value of De

Long-Term Debt Fair Value of Debt (Policies)	6 Months Ended
	Oct. 02, 2021
Debt Disclosure [Abstract]
Fair value of debt [Policy Text Block]	The Company's debt is carried at amortized cost and is measured at fair value quarterly for disclosure purposes. The estimated fair value of the 2029 Notes and the 2031 Notes as of October 2, 2021, was $924.3 million and $739.6 million, respectively (compared to the outstanding principal amount of $850.0 million and $700.0 million, respectively). The estimated fair value of the 2029 Notes and the 2031 Notes as of April 3, 2021, was $905.3 million and $689.5 million, respectively (compared to the outstanding principal amount of $850.0 million and $700.0 million, respectively). The Company considers its debt to be Level 2 in the fair value hierarchy. Fair values are estimated based on quoted market prices for identical or similar instruments. The 2029 Notes and the 2031 Notes currently trade over-the-counter, and the fair values were estimated based upon the value of the last trade at the end of the period.The 2020 Term Loan carries a variable interest rate set at current market rates, and as such, the fair value of the 2020 Term Loan approximated carrying value as of October 2, 2021 and April 3, 2021.

Operating Segment Information S

Operating Segment Information Segment Policy (Policies)	6 Months Ended
	Oct. 02, 2021
Segment Reporting [Abstract]
Segment Reporting, Policy [Policy Text Block]	The Company's operating and reportable segments are Mobile Products ("MP") and Infrastructure and Defense Products ("IDP") based on the organizational structure and information reviewed by the Company's Chief Executive Officer, who is the Company's chief operating decision maker ("CODM"), and these segments are managed separately based on the end markets and applications they support. The CODM allocates resources and assesses the performance of each operating segment primarily based on operating income.

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Oct. 02, 2021
Inventory Disclosure [Abstract]
Components of inventories	The components of inventories, net of reserves, are as follows (in thousands): October 2, 2021 April 3, 2021 Raw materials $ 179,390 $ 134,959 Work in process 319,525 283,067 Finished goods 98,648 89,761 Total inventories $ 597,563 $ 507,787

Business Combinations and Asset

Business Combinations and Asset Acquisitions (Tables)	6 Months Ended
	Oct. 02, 2021
Business Combination and Asset Acquisition [Abstract]
NextInput Purchase Price Allocation	The purchase price was preliminarily allocated based on the estimated fair values of the assets acquired and liabilities assumed as follows (in thousands): Intangible assets $ 81,000 Goodwill 94,285 Net tangible assets (1) 8,216 Deferred tax liability, net (10,132) Total purchase price $ 173,369

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Oct. 02, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill [Table Text Block]	The changes in the carrying amount of goodwill for the six months ended October 2, 2021, are as follows (in thousands): Mobile Products Infrastructure and Defense Products Total Balance as of April 3, 2021 (1) $ 2,034,383 $ 608,325 $ 2,642,708 Goodwill resulting from NextInput acquisition (Note 4) 94,285 — 94,285 7Hugs measurement period adjustments (97) — (97) Effect of changes in foreign currency exchange rates (2,780) — (2,780) Balance as of October 2, 2021 (1) $ 2,125,791 $ 608,325 $ 2,734,116 (1) The Company’s goodwill balance is presented net of accumulated impairment losses and write-offs of $621.6 million.
Schedule of finite-lived and indefinite-lived intangible assets [Table Text Block]	The following summarizes information regarding the gross carrying amounts and accumulated amortization of intangible assets (in thousands): October 2, 2021 April 3, 2021 Gross Accumulated Gross Accumulated Developed technology $ 913,798 $ 361,564 $ 1,295,113 $ 750,044 Customer relationships 86,033 33,652 459,052 403,407 Technology licenses 2,648 2,057 2,368 2,076 Backlog — — 1,600 1,600 Trade names 1,573 1,010 1,090 636 In-process research and development 9,717 N/A 9,695 N/A Total (1) $ 1,013,769 $ 398,283 $ 1,768,918 $ 1,157,763

Investments and Fair Value of_2

Investments and Fair Value of Financial Instruments (Tables)	6 Months Ended
	Oct. 02, 2021
Investments and Fair Value Measurements [Abstract]
Fair value of the financial assets measured at fair value on a recurring basis	The fair value of the financial assets and liabilities measured on a recurring basis was determined using the following levels of inputs (in thousands): Total Quoted Prices In Significant Other Significant October 2, 2021 Marketable equity securities $ 1,514 $ 1,514 $ — $ — Invested funds in deferred compensation plan (1) 37,114 37,114 — — April 3, 2021 Marketable equity securities $ 3,802 $ 3,802 $ — $ — Invested funds in deferred compensation plan (1) 32,824 32,824 — — Contingent earn-out liability (2) (10,000) — — (10,000) (1) Invested funds under the Company's non-qualified deferred compensation plan are held in a rabbi trust and consist of mutual funds. The fair value of the mutual funds is calculated using the net asset value per share determined by quoted active market prices of the underlying investments. (2) The Company recorded a contingent earn-out liability in conjunction with the acquisition of Custom MMIC Design Services, Inc. which was paid during the first quarter of fiscal 2022.

Debt (Tables)

Debt (Tables)	6 Months Ended
	Oct. 02, 2021
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	Long-term debt is as follows (in thousands): October 2, 2021 April 3, 2021 Term loan $ 195,000 $ 197,500 4.375% senior notes due 2029 850,000 850,000 3.375% senior notes due 2031 700,000 700,000 Finance leases 2,493 1,617 Unamortized premium and issuance costs, net (1,396) (1,475) Less current portion of long-term debt (5,545) (5,092) Total long-term debt $ 1,740,552 $ 1,742,550

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Oct. 02, 2021
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table presents the Company's revenue disaggregated by geography, based on the location of the customers' headquarters (in thousands): Three Months Ended Six Months Ended October 2, 2021 October 3, 2020 October 2, 2021 October 3, 2020 China $ 418,263 $ 391,011 $ 954,200 $ 778,233 United States 560,992 459,416 880,173 707,661 Other Asia 119,488 102,548 228,766 160,645 Taiwan 92,067 53,350 177,281 106,679 Europe 64,438 53,967 125,179 94,525 Total revenue $ 1,255,248 $ 1,060,292 $ 2,365,599 $ 1,847,743

Operating Segment Information (

Operating Segment Information (Tables)	6 Months Ended
	Oct. 02, 2021
Segment Reporting [Abstract]
Summary of details of reportable segments	The following tables present details of the Company’s operating and reportable segments and a reconciliation of the “All other” category (in thousands): Three Months Ended Six Months Ended October 2, 2021 October 3, 2020 October 2, 2021 October 3, 2020 Revenue: MP $ 995,697 $ 754,294 $ 1,831,835 $ 1,222,698 IDP 259,551 305,998 533,764 625,045 Total revenue $ 1,255,248 $ 1,060,292 $ 2,365,599 $ 1,847,743 Operating income (loss): MP $ 385,589 $ 262,858 $ 685,279 $ 372,841 IDP 49,829 66,495 117,168 160,250 All other (73,058) (107,709) (142,985) (218,735) Operating income 362,360 221,644 659,462 314,356 Interest expense (15,327) (23,486) (30,606) (42,335) Other income, net 4,754 1,920 21,545 25,057 Income before income taxes $ 351,787 $ 200,078 $ 650,401 $ 297,078
Summary of reconciliation of "All other" category	Three Months Ended Six Months Ended October 2, 2021 October 3, 2020 October 2, 2021 October 3, 2020 Reconciliation of “All other” category: Stock-based compensation expense $ (28,691) $ (30,048) $ (53,929) $ (51,907) Amortization of intangible assets (36,577) (72,147) (73,800) (144,091) Acquisition and integration related costs (6,040) (7,259) (10,033) (19,922) Other (including (loss) gain on assets, start-up costs, restructuring related charges and other miscellaneous corporate overhead) (1,750) 1,745 (5,223) (2,815) Loss from operations for “All other” $ (73,058) $ (107,709) $ (142,985) $ (218,735)

Net Income Per Share (Tables)

Net Income Per Share (Tables)	6 Months Ended
	Oct. 02, 2021
Earnings Per Share [Abstract]
Reconciliation of the numerators and denominators in the computation of basic and diluted net loss per share	The following table sets forth the computation of basic and diluted net income per share (in thousands, except per share data): Three Months Ended Six Months Ended October 2, 2021 October 3, 2020 October 2, 2021 October 3, 2020 Numerator: Numerator for basic and diluted net income per share $ 319,189 $ 136,917 $ 604,815 $ 233,839 Denominator: Denominator for basic net income per share — weighted average shares 111,035 114,328 111,476 114,388 Effect of dilutive securities: Stock-based awards 1,376 1,849 1,612 2,007 Denominator for diluted net income per share — adjusted weighted average shares and assumed conversions 112,411 116,177 113,088 116,395 Basic net income per share $ 2.87 $ 1.20 $ 5.43 $ 2.04 Diluted net income per share $ 2.84 $ 1.18 $ 5.35 $ 2.01

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Oct. 02, 2021	Apr. 03, 2021
Components of inventories
Raw materials	$ 179,390	$ 134,959
Work in process	319,525	283,067
Finished goods	98,648	89,761
Total inventories	$ 597,563	$ 507,787

Business Acquisition Narrative

Business Acquisition Narrative (Details) - USD ($) $ in Thousands	Apr. 05, 2021	Oct. 01, 2020	Oct. 02, 2021	Oct. 03, 2020	Oct. 02, 2021	Oct. 03, 2020	Apr. 03, 2021
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired					$ 166,818	$ 47,520
Intangible assets amortization			$ 36,600	$ 72,400	74,022	$ 144,470
Goodwill			2,734,116		2,734,116		$ 2,642,708
7Hugs [Member]
Business Acquisition [Line Items]
Business Combination, Consideration Transferred		$ 48,700
Goodwill, Purchase Accounting Adjustments					(97)
NextInput
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross	$ 173,369
Business Combination, Consideration Transferred	173,400
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	5,800
Goodwill	94,285
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	81,000
Business Combination, Net Tangible Assets Acquired	8,216
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities	(10,132)
NextInput | Other operating expense
Business Acquisition [Line Items]
Acquisition and integration related costs			500		1,700
Developed Technology | NextInput
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 73,000
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	7 years
Customer Relationships | NextInput
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 7,500
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	1 year
Infrastructure and Defense Products
Business Acquisition [Line Items]
Goodwill			608,325		608,325		608,325
Infrastructure and Defense Products | 7Hugs [Member]
Business Acquisition [Line Items]
Goodwill, Purchase Accounting Adjustments					0
Mobile Products
Business Acquisition [Line Items]
Goodwill			$ 2,125,791		2,125,791		$ 2,034,383
Mobile Products | 7Hugs [Member]
Business Acquisition [Line Items]
Goodwill, Purchase Accounting Adjustments					$ (97)

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 02, 2021	Oct. 03, 2020	Oct. 02, 2021	Oct. 03, 2020	Apr. 05, 2021	Apr. 03, 2021
Goodwill and Intangible Assets [Line Items]
Intangible assets amortization	$ 36,600	$ 72,400	$ 74,022	$ 144,470
Goodwill	2,734,116		2,734,116			$ 2,642,708
Goodwill, Accumulated impairment losses and write-offs	621,600		621,600
Accumulated Amortization	398,283		398,283			1,157,763
Goodwill, Foreign Currency Translation Gain (Loss)			(2,780)
Gross Carrying Amount	1,013,769		1,013,769			1,768,918
Technology licenses
Goodwill and Intangible Assets [Line Items]
Gross Carrying Amount	2,648		2,648			2,368
Accumulated Amortization	2,057		2,057			2,076
Order or Production Backlog [Member]
Goodwill and Intangible Assets [Line Items]
Gross Carrying Amount	0		0			1,600
Accumulated Amortization	0		0			1,600
Trade Names
Goodwill and Intangible Assets [Line Items]
Gross Carrying Amount	1,573		1,573			1,090
Accumulated Amortization	1,010		1,010			636
Developed Technology
Goodwill and Intangible Assets [Line Items]
Gross Carrying Amount	913,798		913,798			1,295,113
Accumulated Amortization	361,564		361,564			750,044
Customer Relationships
Goodwill and Intangible Assets [Line Items]
Gross Carrying Amount	86,033		86,033			459,052
Accumulated Amortization	33,652		33,652			403,407
In-process research and development
Goodwill and Intangible Assets [Line Items]
IPRD	9,717		9,717			9,695
Mobile Products
Goodwill and Intangible Assets [Line Items]
Goodwill	2,125,791		2,125,791			2,034,383
Goodwill, Foreign Currency Translation Gain (Loss)			(2,780)
Infrastructure and Defense Products
Goodwill and Intangible Assets [Line Items]
Goodwill	$ 608,325		608,325			$ 608,325
Goodwill, Foreign Currency Translation Gain (Loss)			0
7Hugs [Member]
Goodwill and Intangible Assets [Line Items]
Goodwill, Purchase Accounting Adjustments			(97)
7Hugs [Member] | Mobile Products
Goodwill and Intangible Assets [Line Items]
Goodwill, Purchase Accounting Adjustments			(97)
7Hugs [Member] | Infrastructure and Defense Products
Goodwill and Intangible Assets [Line Items]
Goodwill, Purchase Accounting Adjustments			0
NextInput
Goodwill and Intangible Assets [Line Items]
Goodwill					$ 94,285
Goodwill, Acquired During Period			94,285
NextInput | Mobile Products
Goodwill and Intangible Assets [Line Items]
Goodwill, Acquired During Period			94,285
NextInput | Infrastructure and Defense Products
Goodwill and Intangible Assets [Line Items]
Goodwill, Acquired During Period			$ 0

Investments and Fair Value of_3

Investments and Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 02, 2021	Oct. 03, 2020	Oct. 02, 2021	Oct. 03, 2020	Apr. 03, 2021
Investments and Fair Value of Financial Instruments
Document Period End Date			Oct. 2, 2021
Equity Method Investments	$ 32,400		$ 32,400		$ 29,800
Equity Securities, FV-NI, Unrealized Gain (Loss)	1,500	$ 100	16,000	$ 15,600
Proceeds from Limited Partnership Investments	9,600	$ 0	13,500	$ 0
Fair Value, Recurring [Member]
Investments and Fair Value of Financial Instruments
Business Combination, Contingent Consideration, Liability, Noncurrent					(10,000)
Deferred Compensation Plan Assets	37,114		37,114		32,824
Fair Value, Recurring [Member] | Equity Securities
Investments and Fair Value of Financial Instruments
Marketable Securities	1,514		1,514		3,802
Quoted Prices In Active Markets For Identical Assets (Level 1) | Fair Value, Recurring [Member]
Investments and Fair Value of Financial Instruments
Business Combination, Contingent Consideration, Liability, Noncurrent					0
Deferred Compensation Plan Assets	37,114		37,114		32,824
Quoted Prices In Active Markets For Identical Assets (Level 1) | Fair Value, Recurring [Member] | Equity Securities
Investments and Fair Value of Financial Instruments
Marketable Securities	1,514		1,514		3,802
Significant Other Observable Inputs (Level 2) | Fair Value, Recurring [Member]
Investments and Fair Value of Financial Instruments
Business Combination, Contingent Consideration, Liability, Noncurrent					0
Deferred Compensation Plan Assets	0		0		0
Significant Other Observable Inputs (Level 2) | Fair Value, Recurring [Member] | Equity Securities
Investments and Fair Value of Financial Instruments
Marketable Securities	0		0		0
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Investments and Fair Value of Financial Instruments
Business Combination, Contingent Consideration, Liability, Noncurrent					(10,000)
Deferred Compensation Plan Assets	0		0		0
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Equity Securities
Investments and Fair Value of Financial Instruments
Marketable Securities	$ 0		$ 0		$ 0

Debt (Details)

Debt (Details) - USD ($)	Sep. 29, 2020	Oct. 02, 2021	Oct. 03, 2020	Oct. 02, 2021	Oct. 03, 2020	Apr. 03, 2021	Jun. 11, 2020	Dec. 20, 2019	Sep. 30, 2019
Debt Instrument [Line Items]
Long-term debt		$ 1,740,552,000		$ 1,740,552,000		$ 1,742,550,000
Unamortized premium and issuance costs, net		(1,396,000)		(1,396,000)		(1,475,000)
Interest Paid, Including Capitalized Interest, Operating and Investing Activities				13,000,000
Interest Expense, Borrowings		16,200,000	$ 24,600,000	32,500,000	$ 44,600,000
Repayments of Debt		1,300,000		2,500,000
Proceeds from borrowings and debt issuances				0	1,206,750,000
Current portion of long-term debt		5,545,000		5,545,000		5,092,000
Interest expense		15,327,000	23,486,000	30,606,000	42,335,000
Term Loan [Member]
Debt Instrument [Line Items]
Long-term debt		195,000,000		195,000,000		197,500,000
Proceeds from borrowings and debt issuances	$ 200,000,000
4.375% senior notes due 2029
Debt Instrument [Line Items]
Debt Instrument, Face Amount		850,000,000		850,000,000		850,000,000	$ 300,000,000	$ 200,000,000	$ 350,000,000
Interest Paid, Including Capitalized Interest, Operating and Investing Activities		0	0	18,600,000
Long-term Debt, Fair Value		924,300,000		924,300,000		905,300,000
Debt Instrument, Interest Rate, Stated Percentage									4.375%
3.375% Senior Notes due 2031 [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 700,000,000	700,000,000		700,000,000		700,000,000
Interest Paid, Including Capitalized Interest, Operating and Investing Activities		11,800,000	0	11,800,000	0
Long-term Debt, Fair Value		739,600,000		739,600,000		689,500,000
Debt Instrument, Interest Rate, Stated Percentage	3.375%
Finance leases [Member]
Debt Instrument [Line Items]
Long-term debt		2,493,000		2,493,000		$ 1,617,000
Senior Notes [Member]
Debt Instrument [Line Items]
Interest Costs Capitalized		900,000	$ 1,100,000	1,900,000	$ 2,300,000
Term Loan [Member]
Debt Instrument [Line Items]
Interest Paid, Including Capitalized Interest, Operating and Investing Activities		$ 600,000		1,200,000
Line of Credit Facility, Maximum Borrowing Capacity	$ 200,000,000
Repayments of Debt	97,500,000
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 300,000,000
Proceeds from Lines of Credit				$ 0

Stock Repurchases (Details)

Stock Repurchases (Details) - USD ($) $ in Thousands, shares in Millions	3 Months Ended		6 Months Ended
	Oct. 02, 2021	Oct. 03, 2020	Oct. 02, 2021	Oct. 03, 2020	May 05, 2021
Class of Stock [Line Items]
Stock Repurchased During Period, Shares	1.2	0.8	2.9	1.6
Stock Repurchased During Period, Value	$ 223,356	$ 105,009	$ 523,373	$ 180,048
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 1,490,600		$ 1,490,600
Document Period End Date			Oct. 2, 2021
May 2021 Program
Class of Stock [Line Items]
Stock Repurchase Program, Authorized Amount					$ 2,000,000
Stock Repurchase Program, Remaining Authorized Repurchase Amount					$ 236,900

Commitments and Contingent Li_2

Commitments and Contingent Liabilities (Details) $ in Millions	Oct. 02, 2021USD ($)
Unrecorded Unconditional Purchase Obligation [Line Items]
Purchase Obligation	$ 2,400
Purchase Obligation, to be Paid, Remainder of Fiscal Year	600
Purchase obligation, to be paid next four fiscal years	1,800
Capacity reservation agreement with foundry supplier
Unrecorded Unconditional Purchase Obligation [Line Items]
Purchase Obligation	$ 1,800

Revenue (Details)

Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 02, 2021	Oct. 03, 2020	Oct. 02, 2021	Oct. 03, 2020
Disaggregation of Revenue
Revenue	$ 1,255,248	$ 1,060,292	$ 2,365,599	$ 1,847,743
China
Disaggregation of Revenue
Revenue	418,263	391,011	954,200	778,233
Taiwan
Disaggregation of Revenue
Revenue	92,067	53,350	177,281	106,679
United States
Disaggregation of Revenue
Revenue	560,992	459,416	880,173	707,661
Europe
Disaggregation of Revenue
Revenue	64,438	53,967	125,179	94,525
Other Asia
Disaggregation of Revenue
Revenue	$ 119,488	$ 102,548	$ 228,766	$ 160,645

Operating Segment Information_2

Operating Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 02, 2021	Oct. 03, 2020	Oct. 02, 2021	Oct. 03, 2020
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Document Period End Date			Oct. 2, 2021
Revenue:
Revenues	$ 1,255,248	$ 1,060,292	$ 2,365,599	$ 1,847,743
Income from operations:
Operating income	362,360	221,644	659,462	314,356
Interest expense	15,327	23,486	30,606	42,335
Other income (expense), net	4,754	1,920	21,545	25,057
Income before income taxes	351,787	200,078	650,401	297,078
Stock-based compensation expense			(53,929)	(51,907)
Amortization of intangible assets	(36,600)	(72,400)	(74,022)	(144,470)
Operating Segments | Mobile Products
Revenue:
Revenues	995,697	754,294	1,831,835	1,222,698
Income from operations:
Operating income	385,589	262,858	685,279	372,841
Operating Segments | Infrastructure and Defense Products
Revenue:
Revenues	259,551	305,998	533,764	625,045
Income from operations:
Operating income	49,829	66,495	117,168	160,250
All other
Income from operations:
Operating income	(73,058)	(107,709)	(142,985)	(218,735)
Stock-based compensation expense	(28,691)	(30,048)	(53,929)	(51,907)
Amortization of intangible assets	(36,577)	(72,147)	(73,800)	(144,091)
Acquisition and integration related costs	(6,040)	(7,259)	(10,033)	(19,922)
Other (including (loss) gain on assets, start-up costs, restructuring related charges and other miscellaneous corporate overhead)	$ (1,750)	$ 1,745	$ (5,223)	$ (2,815)

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 02, 2021	Oct. 03, 2020	Oct. 02, 2021	Oct. 03, 2020
Income Tax Disclosure [Abstract]
Income Tax Expense (Benefit)	$ 32,598	$ 63,161	$ 45,586	$ 63,239
Effective tax rate	9.30%	31.60%	7.00%	21.30%
Discrete tax expense (benefit)	$ 10,300	$ (45,200)	$ 30,500	$ (35,200)

Net Income Per Share (Details)

Net Income Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 02, 2021	Oct. 03, 2020	Oct. 02, 2021	Oct. 03, 2020
Earnings Per Share [Abstract]
Document Period End Date			Oct. 2, 2021
Numerator:
Numerator for basic and diluted net income (loss) per share — net income (loss) available to common stockholders	$ 319,189	$ 136,917	$ 604,815	$ 233,839
EPS Line Items
Denominator for basic net income (loss) per share — weighted average shares	111,035	114,328	111,476	114,388
Stock-based awards	1,376	1,849	1,612	2,007
Denominator for diluted net income (loss) per share — adjusted weighted average shares and assumed conversions	112,411	116,177	113,088	116,395
Basic net income (loss) per share (in dollars per share)	$ 2.87	$ 1.20	$ 5.43	$ 2.04
Diluted net income (loss) per share (in dollars per share)	$ 2.84	$ 1.18	$ 5.35	$ 2.01

Subsequent Events (Details)

Subsequent Events (Details) - United Silicon Carbide - Subsequent Event [Member] $ in Millions	Oct. 19, 2021USD ($)
Subsequent Events [Abstract]
Business Combination, Consideration Transferred	$ 227.1
Business Combination, Contingent Consideration, Liability	31.3
Subsequent Event [Line Items]
Business Combination, Contingent Consideration, Liability	31.3
Business Combination, Consideration Transferred	$ 227.1