Stock-Based Compensation (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2026 and 2025.

	Three months ended September 30,
	2026		2025
	(in thousands)
Cost of revenues	$	7,572	$	6,158
Research and development	38,101		30,797
Selling, general and administrative	60,432		53,682
Total	$	106,105	$	90,637

	Nine months ended September 30,
	2026		2025
	(in thousands)
Cost of revenues	$	21,500	$	17,623
Research and development	109,072		88,080
Selling, general and administrative	173,737		156,119
Total	$	304,309	$	261,822

Schedule of Stock Option Activity

The following table summarizes option activity for the nine months ended September 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	(479)	$	13.01
Options forfeited/cancelled	(4)	$	29.12
September 30, 2026	3,108	$	29.22

Schedule of RSU and Performance-Based Award Activity

The following table summarizes unvested RSU and PSU activity during the nine months ended September 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	2,789	$	221.58
Awards vested	(4,095)	$	83.52
Awards forfeited/cancelled	(344)	$	144.71
Balance at September 30, 2026	6,673	$	143.09