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Deferred Revenue and Commissions
 9 Months Ended
Nov. 02, 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):
Third Quarter of Fiscal
First Three Quarters of Fiscal
2025202620252026
Beginning balance
$298,179 $340,015 $304,332 $328,620 
Additions39,737 59,552 108,777 158,579 
Recognition of deferred commissions(40,406)(50,084)(115,599)(137,716)
Ending balance$297,510 $349,483 $297,510 $349,483 
Of the $349.5 million total deferred commissions balance at the end of the third 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 third quarter and first three 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):
Third Quarter of Fiscal
First Three Quarters of Fiscal
2025202620252026
Beginning balance
$1,623,660 $1,911,064 $1,594,522 $1,795,303 
Additions419,745 479,104 1,129,256 1,402,592 
Recognition of deferred revenue(361,949)(429,764)(1,042,322)(1,237,491)
Ending balance$1,681,456 $1,960,404 $1,681,456 $1,960,404 
Revenue recognized during the third quarter of fiscal 2025 and 2026 from deferred revenue at the beginning of each respective period was $310.6 million and $366.1 million. Revenue recognized during the first three quarters of fiscal 2025 and 2026 from deferred revenue at the beginning of each respective period was $703.5 million and $789.7 million.
Remaining Performance Obligations
Total remaining performance obligations (RPO) which is contracted but not recognized revenue was $2.9 billion at the end of the third quarter of fiscal 2026. Total RPO includes $80.0 million in remaining non-cancelable product orders, of which $28.7 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 $2.9 billion RPO at the end of the third quarter of fiscal 2026, we expect to recognize approximately 46% over the next 12 months, and the remainder thereafter.