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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Nov. 01, 2025
Nov. 02, 2024
Nov. 01, 2025
Nov. 02, 2024
Revenue:        
Total revenue $ 268,027 $ 72,034 $ 491,101 $ 131,748
Cost of revenue 86,981 26,522 159,687 48,953
Gross profit 181,046 45,512 331,414 82,795
Operating expenses:        
Research and development 57,916 31,742 110,364 62,151
Selling, general and administrative 44,334 22,177 81,512 43,502
Total operating expenses 102,250 53,919 191,876 105,653
Operating income (loss) 78,796 (8,407) 139,538 (22,858)
Other income, net 4,889 4,474 8,835 10,007
Income (loss) before income taxes 83,685 (3,933) 148,373 (12,851)
Provision for income taxes 1,049 292 2,338 914
Net income (loss) $ 82,636 $ (4,225) $ 146,035 $ (13,765)
Net income (loss) per share:        
Basic (in US dollars per share) $ 0.47 $ (0.03) $ 0.84 $ (0.08)
Diluted (in US dollars per share) $ 0.44 $ (0.03) $ 0.79 $ (0.08)
Weighted-average shares:        
Basic (in shares) 175,307 166,487 173,623 165,789
Diluted (in shares) 187,659 166,487 185,465 165,789
Product sales revenue        
Revenue:        
Total revenue $ 261,293 $ 69,075 $ 478,352 $ 126,400
IP license revenue        
Revenue:        
Total revenue $ 6,734 $ 2,959 $ 12,749 $ 5,348