Note 4 - Balance Sheet Components

9 Months Ended

Sep. 30, 2025

Notes to Financial Statements

Supplemental Balance Sheet Disclosures [Text Block]

4. BALANCE SHEET COMPONENTS

Inventories

Inventories consist of the following (in thousands):

	September 30,		December 31,
	2025		2024
Raw materials	$	77,254	$	91,851
Work in process		210,471		169,982
Finished goods		217,955		157,778
Total	$	505,680	$	419,611

Other Current Assets

Other current assets consist of the following (in thousands):

	September 30,		December 31,
	2025		2024
Prepaid wafer expenses (1)	$	60,000	$	-
Other receivables (1)		-		60,000
Other		36,021		49,978
Total	$	96,021	$	109,978

(1) Prepaid wafer expenses and other receivables relate to a deposit made to a supplier under a long-term wafer supply agreement. See Note 8 to our unaudited condensed consolidated financial statements for details about the supply agreement.

Other Long-Term Assets

Other long-term assets consist of the following (in thousands):

	September 30,		December 31,
	2025		2024
Deferred compensation plan assets	$	101,905	$	92,586
Prepaid wafer purchases (1)		-		60,000
Other		59,150		41,791
Total	$	161,055	$	194,377

(1) Prepaid wafer purchases relate to a deposit made to a supplier under a long-term wafer supply agreement. See Note 8 to our unaudited condensed consolidated financial statements for details about the supply agreement.

Other Accrued Liabilities

Other accrued liabilities consist of the following (in thousands):

 

	September 30,		December 31,
	2025		2024
Dividends and dividend equivalents	$	79,935	$	60,622
Income tax payable (1)		51,350		10,534
Stock rotation and sales returns		31,854		20,799
Other		38,374		36,168
Total	$	201,513	$	128,123

(1) The increase in income tax payable during the nine months ended September 30, 2025 was a result of the timing of payments of estimated taxes both domestically and internationally.

Other Long-Term Liabilities

Other long-term liabilities consist of the following (in thousands):

	September 30,		December 31,
	2025		2024
Deferred compensation plan liabilities	$	98,926	$	93,653
Operating lease liabilities		15,076		12,974
Dividend equivalents		3,378		4,943
Total	$	117,380	$	111,570