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Deferred Revenue and Commissions
 6 Months Ended
Aug. 03, 2025
Revenue from Contract with Customer [Abstract]  
Deferred Revenue and Commissions Deferred Revenue and Commissions
Deferred Commissions
Deferred commissions consist of incremental costs paid to our sales force to obtain customer contracts.
Changes in total deferred commissions during the periods presented are as follows (in thousands):
Second Quarter of Fiscal
First Two Quarters of Fiscal
2025202620252026
Beginning balance
$296,626 $332,277 $304,332 $328,620 
Additions39,415 53,100 69,040 99,027 
Recognition of deferred commissions(37,862)(45,362)(75,193)(87,632)
Ending balance$298,179 $340,015 $298,179 $340,015 
Of the $340.0 million total deferred commissions balance at the end of the second quarter of fiscal 2026, we expect to recognize approximately 31% as sales commission expense over the next 12 months and the remainder thereafter.
There was no impairment related to capitalized commissions for the second quarter and first two quarters of fiscal 2025 and 2026.
Deferred Revenue
Deferred revenue primarily consists of amounts that have been invoiced but have not yet been recognized as revenue including performance obligations pertaining to subscription services.
Changes in total deferred revenue during the periods presented are as follows (in thousands):
Second Quarter of Fiscal
First Two Quarters of Fiscal
2025202620252026
Beginning balance
$1,601,476 $1,827,545 $1,594,522 $1,795,303 
Additions367,722 495,801 709,511 923,488 
Recognition of deferred revenue(345,538)(412,282)(680,373)(807,727)
Ending balance$1,623,660 $1,911,064 $1,623,660 $1,911,064 
Revenue recognized during the second quarter of fiscal 2025 and 2026 from deferred revenue at the beginning of each respective period was $301.8 million and $344.4 million. Revenue recognized during the first two quarters of fiscal 2025 and 2026 from deferred revenue at the beginning of each respective period was $519.8 million and $586.6 million.
Remaining Performance Obligations
Total remaining performance obligations (RPO) which is contracted but not recognized revenue was $2.8 billion at the end of the second quarter of fiscal 2026. Total RPO includes $68.2 million in remaining non-cancelable product orders, of which $59.0 million relates to a lessor arrangement. RPO consists of both deferred revenue and non-cancelable amounts that are expected to be invoiced and recognized as revenue in future periods. Product orders are generally cancelable until delivery has occurred, and as such, unfulfilled product orders that are cancelable are excluded from RPO. Of the $2.8 billion RPO at the end of the second quarter of fiscal 2026, we expect to recognize approximately 46% over the next 12 months, and the remainder thereafter.