XML 17 R4.htm IDEA: XBRL DOCUMENT v3.25.4
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2025
Sep. 30, 2025
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenue $ 737,176 $ 664,574 $ 637,554 $ 1,302,128 $ 2,039,304 $ 2,790,459 $ 2,207,100 $ 1,821,072
Cost of revenue 330,948 298,558 284,324 582,882 913,830 1,250,718 986,230 799,953
Gross profit 406,228 366,016 353,230 719,246 1,125,474 1,539,741 1,220,870 1,021,119
Operating expenses:                
Research and development 98,173 96,266 92,227 188,493 286,666 382,263 324,748 263,643
Selling, general and administrative 112,872 104,992 92,244 197,236 310,108 428,842 356,764 275,740
Total operating expenses 211,045 201,258 184,471 385,729 596,774 811,105 681,512 539,383
Operating income 195,183 164,758 168,759 333,517 528,700 728,636 539,358 481,736
Other income, net 10,392 12,220 5,131 17,351 27,743 37,580 33,554 24,105
Income before income taxes 205,575 176,978 173,890 350,868 556,443 766,216 572,912 505,841
Income tax expense (benefit), net 25,809 41,969 38,838 80,807 106,616 144,733 (1,019,146) 78,467
Net income $ 179,766 $ 135,009 $ 135,052 $ 270,061 $ 449,827 $ 621,483 $ 1,592,058 $ 427,374
Net income per share:                
Basic (in dollars per share) $ 3.75 $ 2.82 $ 2.82 $ 5.64 $ 9.4 $ 12.94 $ 32.76 $ 8.98
Diluted (in dollars per share) $ 3.74 $ 2.81 $ 2.81 $ 5.62 $ 9.37 $ 12.86 $ 32.6 $ 8.76
Weighted-average shares outstanding:                
Basic (in shares) 47,898 47,887 47,851 47,869 47,879 48,035 48,599 47,610
Diluted (in shares) 48,042 48,019 48,006 48,012 48,022 48,309 48,835 48,771