Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2025

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Summary of stock-based compensation expenses

	Year Ended December 31,
	2025		2024		2023
	(in thousands)
Cost of revenues	$	23,595	$	16,468	$	11,752
Research and development		120,362		88,705		66,326
Selling, general and administrative		210,447		169,255		113,730
Total	$	354,404	$	274,428	$	191,808

Summary of offering activity

				Weighted-
		Weighted-		Average
		Average		Remaining	Aggregate
	Number of	Exercise		Contractual	Intrinsic
	Shares	Price		Life	Value
(in thousands, except for contractual life and exercise price)				(in years)
Balance at December 31, 2024	3,875	$	30.22	4.45	$	496,135
Options assumed(1)	88	$	29.28
Options exercised	(370)		60.99
Options forfeited/cancelled	(2)	$	3.78
Balance at December 31, 2025	3,591	$	27.03	3.57	$	725,400
Exercisable at December 31, 2025	3,321	$	25.79	3.26	$	675,149
Vested and expected to vest at December 31, 2025	3,573	$	26.96	3.55	$	722,275

RSU and performance-based awards

		Weighted-
		Average
	Number of	Grant Date
	Shares	Fair Value
	(in thousands)
Balance at December 31, 2024	10,593	$	61.28
Granted	3,504	$	172.76
Vested	(5,324)	$	61.62
Cancelled/Forfeited	(450)	$	89.92
Balance at December 31, 2025	8,323	$	100.44

Employee Stock Option [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of assumptions used in valuation of fair value

	Year ended December 31,
	2025					2024			2023
Expected term (years)	1.30		—	3.56			—		5.20		—	6.11
Expected volatility	46.47	%	—	50.48	%		—	%	67.75	%	—	70.07	%
Expected dividend rate				—	%		—	%				—	%
Risk-free interest rate	3.21	%	—	3.36	%		—	%	3.41	%	—	4.80	%