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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Nov. 01, 2025
Nov. 02, 2024
Cash flows from operating activities:    
Net income (loss) $ 146,035 $ (13,765)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 12,027 9,218
Share-based compensation 80,779 33,303
Warrant contra revenue 0 5,828
Write-downs for excess and obsolete inventory 8,120 2,205
Changes in operating assets and liabilities:    
Accounts receivable (83,053) (22,114)
Inventories (66,403) (12,611)
Other current assets (1,917) (2,517)
Other non-current assets 1,713 1,216
Accounts payable 5,630 (1,429)
Accrued compensation and benefits, other current liabilities and other non-current liabilities 12,902 3,715
Net cash provided by operating activities 115,833 3,049
Cash flows from investing activities:    
Purchases of property and equipment (26,009) (27,811)
Maturities of short-term investments 64,010 313,061
Purchases of short-term investments (115,000) (113,716)
Business acquisition, net of cash acquired (82,564) 0
Net cash provided by (used in) investing activities (159,563) 171,534
Cash flows from financing activities:    
Payments on technology license obligations (4,812) (4,556)
Proceeds from ordinary shares issued under At-The-Market Offering, net of issuance costs 384,620 0
Proceeds from employee share incentive plans 5,177 4,384
Tax withheld related to RSU settlement (10,061) (2,250)
Net cash provided by (used in) financing activities 374,924 (2,422)
Effect of exchange rate changes on cash 53 134
Net increase in cash and cash equivalents 331,247 172,295
Cash and cash equivalents at beginning of the period 236,328 66,942
Cash and cash equivalents at end of the period 567,575 239,237
Supplemental cash flow information:    
Purchases of property and equipment included in accounts payable, other current liabilities and other non-current liabilities $ 9,467 $ 7,966