XML 14 R4.htm IDEA: XBRL DOCUMENT v3.25.3
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Net sales $ 710,641 $ 544,274 $ 1,982,812 $ 1,507,381
Cost of sales 283,293 213,527 785,982 611,850
Gross margin 427,348 330,747 1,196,830 895,531
Operating expenses:        
Selling, general and administrative 252,803 192,189 718,524 514,228
Research and development 176,674 114,477 490,264 307,008
Total operating expenses 429,477 306,666 1,208,788 821,236
Income (loss) from operations (2,129) 24,081 (11,958) 74,295
Interest income 23,941 12,624 57,798 36,407
Interest expense (28,912) (1,646) (65,419) (5,273)
Other income, net 22,803 44,510 104,790 191,510
Income before provision for income taxes 15,703 79,569 85,211 296,939
Provision for (benefit from) income taxes 17,889 12,544 (36,700) 55,089
Net income (loss) $ (2,186) $ 67,025 $ 121,911 $ 241,850
Net income (loss) per common and common equivalent shares:        
Basic (in dollars per share) $ (0.03) $ 0.89 $ 1.57 $ 3.20
Diluted (in dollars per share) $ (0.03) $ 0.86 $ 1.48 $ 3.12
Weighted average number of common and common equivalent shares outstanding:        
Basic (in shares) 78,416 75,697 77,774 75,543
Diluted (in shares) 78,416 78,080 82,218 77,614
Net income (loss) $ (2,186) $ 67,025 $ 121,911 $ 241,850
Foreign currency translation adjustments (25) 4,640 5,492 1,112
Unrealized gain on available-for-sale investments 213 434 162 447
Comprehensive income (loss) (1,998) 72,099 127,565 243,409
Products        
Net sales 405,399 327,900 1,122,655 891,087
Cost of sales 203,173 156,167 566,861 450,954
Services        
Net sales 305,242 216,374 860,157 616,294
Cost of sales $ 80,120 $ 57,360 $ 219,121 $ 160,896