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BALANCE SHEET COMPONENTS
6 Months Ended
Jun. 30, 2026
Balance Sheet Related Disclosures [Abstract]  
BALANCE SHEET COMPONENTS BALANCE SHEET COMPONENTS
Inventories
Inventories consisted of the following (in thousands):
June 30,
2026
December 31,
2025
Raw materials$86,874 $107,801 
Work in process306,554 220,410 
Finished goods282,421 236,438 
Total$675,849 $564,649 
Other Current Assets
Other current assets consisted of the following (in thousands):
June 30,
2026
December 31,
2025
Prepaids and other$44,156 $46,982 
Other receivables (1)
60,000 
Total$44,156 $106,982 
____________________________
(1)Other receivables related to an annually refundable deposit made to a supplier under a long-term wafer supply agreement. The deposit was received in the quarter ended March 31, 2026.
Other Long-Term Assets
Other long-term assets consisted of the following (in thousands):
June 30,
2026
December 31,
2025
Deferred compensation plan assets$115,366 $107,096 
Refundable deposit (1)
40,000 
Operating lease right-of-use (“ROU”) assets23,867 24,886 
Other38,046 33,109 
Total$217,279 $165,091 
____________________________
(1)The refundable deposit as of June 30, 2026 was for a long-term assembly service agreement.
Other Accrued Liabilities
Other accrued liabilities consisted of the following (in thousands):
June 30,
2026
December 31,
2025
Dividends and dividend equivalents$101,683 $81,510 
Stock rotation and sales returns19,197 17,150 
Income tax payable35,606 2,920 
Other65,589 43,550 
Total$222,075 $145,130 
Other Long-Term Liabilities
Other long-term liabilities consisted of the following (in thousands):
June 30,
2026
December 31,
2025
Deferred compensation plan liabilities$106,014 $103,954 
Operating lease liabilities18,934 19,972 
Dividend equivalents2,563 3,909 
Total$127,511 $127,835