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Deferred Revenue and Commissions
 3 Months Ended
May 04, 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):
First Quarter of Fiscal
20252026
Beginning balance
$304,332 $328,620 
Additions29,625 45,927 
Recognition of deferred commissions(37,331)(42,270)
Ending balance$296,626 $332,277 
Of the $332.3 million total deferred commissions balance at the end of the first quarter of fiscal 2026, we expect to recognize approximately 30% as sales commission expense over the next 12 months and the remainder thereafter.
There was no impairment related to capitalized commissions for the first quarter 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):
First Quarter of Fiscal
20252026
Beginning balance
$1,594,522 $1,795,303 
Additions341,789 427,687 
Recognition of deferred revenue(334,835)(395,445)
Ending balance$1,601,476 $1,827,545 
Revenue recognized during the first quarter of fiscal 2025 and 2026 from deferred revenue at the beginning of each respective period was $293.9 million and $340.8 million.
Remaining Performance Obligations
Total remaining performance obligations (RPO) which is contracted but not recognized revenue was $2.7 billion at the end of the first quarter of fiscal 2026. Total RPO includes $55.7 million in remaining non-cancelable product orders, of which $43.1 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 $2.7 billion RPO at the end of the first quarter of fiscal 2026, we expect to recognize approximately 48% over the next 12 months, and the remainder thereafter.