STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2026

Share-Based Payment Arrangement [Abstract]

Schedule of Stock-Based Compensation Expense

The Company recognized stock-based compensation expense as follows for the periods presented (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Cost of revenue	$	1,764	$	1,913	$	3,238	$	3,586
Research and development (“R&D”)	12,483		12,469		23,758		24,147
Selling, general and administrative (“SG&A”)	38,937		45,716		67,286		85,171
Total stock-based compensation expense	$	53,184	$	60,098	$	94,282	$	112,904
Tax benefit related to stock-based compensation (1)	$	606	$	703	$	1,364	$	1,163

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(1)Amount reflects the tax benefit related to stock-based compensation recorded for equity awards that are expected to generate tax deductions when they vest in future periods. Equity awards granted to the Company’s executive officers are subject to the tax deduction limitations set by Section 162(m) of the Internal Revenue Code.

Schedule of RSU Activity

A summary of RSU activity is presented in the table below (in thousands, except per-share amounts):

	Total Time-based RSUs, PSUs and MSUs
	Number of Shares		Weighted-Average Grant Date Fair Value Per Share
Outstanding at January 1, 2026	771		$	535.78
Granted	251	(1)	$	1,005.72
Vested	(80)		$	430.30
Forfeited	(50)		$	571.38
Outstanding at June 30, 2026	892		$	687.48

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(1)Amount reflects the number of awards that may ultimately be earned based on management’s probability assessment of the achievement of performance conditions at each reporting period.