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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Net sales $ 908,554 $ 710,641 $ 2,620,288 $ 1,982,812
Cost of sales 393,576 283,293 1,081,577 785,982
Gross margin 514,978 427,348 1,538,711 1,196,830
Operating expenses:        
Selling, general and administrative 280,496 252,803 830,571 718,524
Research and development 192,402 176,674 590,039 490,264
Total operating expenses 472,898 429,477 1,420,610 1,208,788
Income (loss) from operations 42,080 (2,129) 118,101 (11,958)
Interest income 5,657 23,941 23,083 57,798
Interest expense (28,337) (28,912) (85,081) (65,419)
Other income, net 59,520 22,803 255,722 104,790
Income before provision for income taxes 78,920 15,703 311,825 85,211
Provision for (benefit from) income taxes 21,914 17,889 56,080 (36,700)
Net income (loss) $ 57,006 $ (2,186) $ 255,745 $ 121,911
Net income (loss) per common and common equivalent shares:        
Basic (in dollars per share) $ 0.70 $ (0.03) $ 3.17 $ 1.57
Diluted (in dollars per share) $ 0.68 $ (0.03) $ 3.08 $ 1.48
Weighted average number of common and common equivalent shares outstanding:        
Basic (in shares) 81,044 78,416 80,592 77,774
Diluted (in shares) 83,673 78,416 82,928 82,218
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME        
Net income (loss) $ 57,006 $ (2,186) $ 255,745 $ 121,911
Foreign currency translation adjustments 2,261 (25) (2,239) 5,492
Unrealized gain (loss) on available-for-sale investments (36) 213 (147) 162
Comprehensive income (loss) 59,231 (1,998) 253,359 127,565
Net sales from products        
Net sales 471,524 405,399 1,430,898 1,122,655
Cost of sales 268,629 203,173 744,646 566,861
Net sales from services        
Net sales 437,030 305,242 1,189,390 860,157
Cost of sales $ 124,947 $ 80,120 $ 336,931 $ 219,121