Revenue Recognition

9 Months Ended

Jan. 31, 2026

Revenue Recognition and Deferred Revenue [Abstract]

Revenue Recognition

Revenue Recognition

The following table summarizes revenue disaggregated by primary geographical market based on destination of shipment for revenue, which may differ from the customer’s principal offices (in thousands):

	Three Months Ended				Nine Months Ended
	January 31, 2026		February 1, 2025		January 31, 2026		February 1, 2025
United States	267,400		7,626		453,928		40,281
Hong Kong	$	104,367	$	93,337	$	292,639	$	152,695
Mainland China	3,708		25,263		79,121		48,535
Rest of World	31,537		8,776		72,425		25,239
	$	407,012	$	135,002	$	898,113	$	266,750

Remaining Performance Obligations

Revenue allocated to remaining performance obligations represents the transaction price allocated to the performance obligations that are unsatisfied, or partially unsatisfied, which includes unearned revenue and amounts that will be invoiced and recognized as revenue in future periods. The contracted but unsatisfied performance obligations as of January 31, 2026 were approximately $31.8 million which the Company expects to recognize over the next 12 months.

Customer Warrant

As of January 31, 2026, Amazon.com NV Investment Holdings LLC (Holder) has exercised all Customer Warrant shares, resulting in a net issuance of 3.8 million shares and the Customer Warrant is no longer outstanding.