Share Incentive Plan (Tables)

3 Months Ended

Aug. 02, 2025

Share-Based Payment Arrangement [Abstract]

Summary of Information Related to RSU And PSU Activity

A summary of information related to RSU activity during the three months ended August 2, 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)
Balances as of May 3, 2025	9.5	$33.88	1.39	$	458.1
Granted	0.7	$67.69
Vested	(0.9)	$15.83
Canceled/ forfeited	(0.1)	$27.10
Balances and expected to vest as of August 2, 2025	9.2	$38.16	1.32	$	992.0

A summary of information related to PSU activity during the three months ended August 2, 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)
Balances as of May 3, 2025	0.2	$43.70	2.53	$	10.1
Granted	0.8	$63.21
Balances and expected to vest as of August 2, 2025	1.0	$59.27	2.18	$	111.9

Summary of Information Related to Share Option Activity

A summary of information related to share option activity during the three months ended August 2, 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	(0.7)	$2.38
Balance and expected to vest as of August 2, 2025	2.8	$2.20	4.62	$	295.1
Exercisable as of August 2, 2025	2.8	$2.19	4.61	$	295.0

Summary 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
	August 2, 2025		August 3, 2024
Cost of revenue	$	356	$	281
Research and development	19,158		9,170
Selling, general and administrative	15,941		7,189
	$	35,455	$	16,640