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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Net sales $ 807,345 $ 603,633
Cost of sales 330,059 237,894
Gross margin 477,286 365,739
Operating expenses:    
Selling, general and administrative 259,093 223,509
Research and development 188,950 151,023
Total operating expenses 448,043 374,532
Income (loss) from operations 29,243 (8,793)
Interest income 10,611 10,604
Interest expense (28,643) (7,821)
Other income, net 189,010 114,401
Income before provision for income taxes 200,221 108,391
Provision for income taxes 30,909 20,411
Net income $ 169,312 $ 87,980
Net income per common and common equivalent shares:    
Basic (in dollars per share) $ 2.11 $ 1.14
Diluted (in dollars per share) $ 2.05 $ 1.08
Weighted average number of common and common equivalent shares outstanding:    
Basic (in shares) 80,150 76,890
Diluted (in shares) 82,478 81,484
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME    
Net income $ 169,312 $ 87,980
Foreign currency translation adjustments 647 358
Unrealized loss on available-for-sale investments (111) (124)
Comprehensive income 169,848 88,214
Net sales from products    
Net sales 452,821 340,896
Cost of sales 232,156 170,181
Net sales from services    
Net sales 354,524 262,737
Cost of sales $ 97,903 $ 67,713