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Stock-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Summary of Stock-Based Compensation Expenses
The following table presents stock-based compensation expense recorded in the three months ended March 31, 2026 and 2025.
Three months ended March 31,
20262025
(in thousands)
Cost of revenues$6,625 $5,270 
Research and development33,409 26,511 
Selling, general and administrative55,073 46,046 
Total$95,107 $77,827 
Summary of Stock Option Activity
The following table summarizes option activity for the three months ended March 31, 2026:
Number of
Shares
Outstanding
Weighted-
Average
Exercise
Price
(in thousands, except for per share data)
December 31, 20253,591 $27.03 
Options exercised(346)$10.96 
Options forfeited/cancelled(3)$33.12 
March 31, 20263,242 $28.77 
Schedule of RSU and Performance-Based Award Activity
The following table summarizes unvested RSU and PSU activity during the three months ended March 31, 2026:
Shares
Weighted-
Average
Grant Date
Fair Value
(in thousands, except for per share data)
Balance at December 31, 20258,323 $100.44 
Awards granted2,457 $215.12 
Awards vested(2,686)$81.18 
Awards forfeited/cancelled(145)$103.52 
Balance at March 31, 20267,949 $128.11