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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Net sales $ 5,219,376 $ 4,206,289 $ 3,318,602
Cost of sales 3,099,037 2,348,425 2,017,923
Gross profit 2,120,339 1,857,864 1,300,679
Operating expenses:      
Selling, general and administrative 203,759 188,262 197,622
Research and development 233,421 191,375 152,307
Production start-up 86,295 84,492 64,777
Litigation loss 0 430 35,590
Total operating expenses 523,475 464,559 450,296
Gain on sales of businesses, net 0 1,115 6,883
Operating income 1,596,864 1,394,420 857,266
Foreign currency loss, net (38,569) (24,976) (21,533)
Interest income 81,762 89,090 97,667
Interest Expense, net (44,131) (38,870) (12,965)
Other expense, net (15,013) (13,326) (29,145)
Income before taxes 1,580,913 1,406,338 891,290
Income tax expense (52,684) (114,294) (60,513)
Net income $ 1,528,229 $ 1,292,044 $ 830,777
Net income per share:      
Basic $ 14.25 $ 12.07 $ 7.78
Diluted $ 14.21 $ 12.02 $ 7.74
Weighted-average number of shares used in per share calculations:      
Basic 107,235 107,015 106,795
Diluted 107,537 107,525 107,372