Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2026

Share-Based Payment Arrangement [Abstract]

Schedule of Stock-Based Compensation Expenses

The following table presents stock-based compensation expense recorded in the three and six months ended June 30, 2026 and 2025.

	Three months ended June 30,
	2026		2025
	(in thousands)
Cost of revenues	$	7,303	$	6,196
Research and development	37,564		30,772
Selling, general and administrative	58,230		56,390
Total	$	103,097	$	93,358

	Six months ended June 30,
	2026		2025
	(in thousands)
Cost of revenues	$	13,928	$	11,466
Research and development	70,971		57,283
Selling, general and administrative	113,305		102,436
Total	$	198,204	$	171,185

Schedule of Stock Option Activity

The following table summarizes option activity for the six months ended June 30, 2026:

	Number of Shares Outstanding	Weighted- Average Exercise Price
	(in thousands, except for per share data)
December 31, 2025	3,591	$	27.03
Options exercised	(454)	$	11.68
Options forfeited/cancelled	(5)	$	29.12
June 30, 2026	3,132	$	29.28

Schedule of RSU and Performance-Based Award Activity

The following table summarizes unvested RSU and PSU activity during the six months ended June 30, 2026:

	Shares	Weighted- Average Grant Date Fair Value
	(in thousands, except for per share data)
Balance at December 31, 2025	8,323	$	100.44
Awards granted	2,625	$	216.23
Awards vested	(3,387)	$	82.35
Awards forfeited/cancelled	(240)	$	118.34
Balance at June 30, 2026	7,321	$	134.23