Share Incentive Plan (Tables)

6 Months Ended

Nov. 01, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Information Related to RSU And PSU Activity

A summary of information related to RSU activity during the six months ended November 1, 2025 is as follows:

	RSUs Outstanding
	Number of Shares (in millions)	Weighted-Average Grant Date Fair Value	Weighted-Average Remaining Contractual Term	Aggregate Intrinsic Value (in millions)
Balance as of May 3, 2025	9.5	$33.88	1.39	$	458.1
Granted	1.8	$107.77
Vested	(1.8)	$17.40
Canceled/ forfeited	(0.1)	$24.74
Balance and expected to vest as of November 1, 2025	9.4	$49.62	1.28	$	1,701.4

A summary of information related to PSU activity during the six months ended November 1, 2025 is as follows:

	PSUs Outstanding
	Number of Shares (in millions)	Weighted-Average Grant Date Fair Value	Weighted-Average Remaining Contractual Term	Aggregate Intrinsic Value (in millions)
Balance as of May 3, 2025	0.2	$43.70	2.53	$	10.1
Granted	0.9	$66.50
Balance and expected to vest as of November 1, 2025	1.1	$62.10	2.02	$	204.5

Schedule of Information Related to Share Option Activity

A summary of information related to share option activity during the six months ended November 1, 2025 is as follows:

	Options Outstanding
	Outstanding Share Options (in millions)	Weighted-Average Exercise Price	Weighted-Average Remaining Contractual Term	Aggregate Intrinsic Value (in millions)
Balance as of May 3, 2025	3.5	$2.23	4.79	$	162.8
Options vested and exercised	(1.0)	$2.35
Balance expected to vest and exercisable as of November 1, 2025	2.5	$2.19	4.37	$	476.3

Schedule of Share-based Compensation Expense

The following table summarizes share-based compensation expense included in the unaudited condensed consolidated statements of operations (in thousands):

	Three months ended				Six Months Ended
	November 1, 2025		November 2, 2024		November 1, 2025		November 2, 2024
Cost of revenue	$	354	$	331	$	710	$	612
Research and development	24,949		8,392		44,107		17,562
Selling, general and administrative	20,021		7,940		35,962		15,129
	$	45,324	$	16,663	$	80,779	$	33,303