CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 1,005,587	$ 1,099,302
Short-term investments	408,174	157,243
Accounts receivable, net	343,620	255,626
Inventories	675,849	564,649
Other current assets	44,156	106,982
Total current assets	2,477,386	2,183,802
Property and equipment, net	774,549	627,689
Acquisition-related intangible assets, net	8,216	8,790
Goodwill	25,944	25,944
Deferred tax assets, net	1,182,833	1,182,883
Other long-term assets	217,279	165,091
Total assets	4,686,207	4,194,199
Current liabilities:
Accounts payable	182,224	138,272
Accrued compensation and related benefits	93,635	85,963
Other accrued liabilities	222,075	145,130
Total current liabilities	497,934	369,365
Income tax liabilities	75,022	75,022
Deferred tax liabilities	90,316	90,480
Other long-term liabilities	127,511	127,835
Total liabilities	790,783	662,702
Commitments and contingencies (Note 7)
Stockholders’ equity:
Common stock and additional paid-in capital: $0.001 par value; shares authorized: 150,000; shares issued and outstanding: 49,142 and 48,709, respectively	1,033,062	936,998
Retained earnings	2,861,853	2,609,651
Accumulated other comprehensive income (loss)	509	(15,152)
Total stockholders’ equity	3,895,424	3,531,497
Total liabilities and stockholders’ equity	$ 4,686,207	$ 4,194,199