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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Net revenues:    
Total net revenues $ 1,280.2 $ 1,148.9
Cost of revenues:    
Total cost of revenues 525.5 468.0
Gross margin 754.7 680.9
Operating expenses:    
Research and development 283.1 296.6
Sales and marketing 301.8 305.4
General and administrative 60.2 60.7
Restructuring charges 10.7 4.1
Merger-related charges [1] 9.5 28.3
Total operating expenses 665.3 695.1
Operating income (loss) 89.4 (14.2)
Loss on privately-held investments, net (3.3) (14.3)
Other (expense) income, net (4.3) 2.1
Income before income taxes and loss from equity method investment 81.8 (26.4)
Income tax provision (benefit) 17.7 (27.7)
Loss from equity method investment, net of tax 0.0 2.1
Net income (loss) $ 64.1 $ (0.8)
Net income (loss) per share:    
Basic (in dollars per share) $ 0.19 $ 0.00
Diluted (in dollars per share) $ 0.19 $ 0.00
Weighted-average shares used to compute net income per share:    
Basic (in shares) 333.3 322.6
Diluted (in shares) 339.2 322.6
Product    
Net revenues:    
Total net revenues $ 755.0 $ 651.9
Cost of revenues:    
Total cost of revenues 380.3 323.9
Service    
Net revenues:    
Total net revenues 525.2 497.0
Cost of revenues:    
Total cost of revenues $ 145.2 $ 144.1
[1] Represents charges incurred directly in connection with the pending merger with HPE (as defined below). See Note 1, Basis of Presentation and Summary of Significant Accounting Policies, for further information.