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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Nov. 01, 2025
May 03, 2025
Current assets:    
Cash and cash equivalents $ 567,575 $ 236,328
Short-term investments 246,000 195,010
Accounts receivable 245,197 162,144
Inventories 150,194 90,029
Other current assets 34,457 30,023
Total current assets 1,243,423 713,534
Property and equipment, net 85,994 63,631
Right-of-use assets 15,666 15,234
Goodwill 68,875 0
Intangible asset 17,131 0
Other non-current assets 18,183 16,858
Total assets 1,449,272 809,257
Current liabilities:    
Accounts payable 64,097 56,158
Accrued compensation and benefits 19,347 16,097
Other current liabilities 56,927 35,456
Total current liabilities 140,371 107,711
Non-current operating lease liabilities 12,811 12,693
Other non-current liabilities 10,017 7,271
Total liabilities 163,199 127,675
Commitments and contingencies (Note 8)
Shareholders' equity:    
Ordinary shares, $0.00005 par value; 1,000,000 shares authorized; 178,517 and 171,169 shares issued and outstanding at November 1, 2025 and May 3, 2025, respectively 9 8
Additional paid in capital 1,223,823 765,173
Accumulated other comprehensive loss (632) (437)
Retained earnings (accumulated deficit) 62,873 (83,162)
Total shareholders' equity 1,286,073 681,582
Total liabilities and shareholders' equity $ 1,449,272 $ 809,257