XML 18 R7.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Aug. 02, 2025
Aug. 03, 2024
Cash flows from operating activities:    
Net income (loss) $ 63,399 $ (9,540)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 5,460 4,233
Share-based compensation 35,455 16,640
Warrant contra revenue 0 3,218
Write-downs (releases) for excess and obsolete inventory 1,993 (298)
Changes in operating assets and liabilities:    
Accounts receivable (19,059) (12,197)
Inventories (27,513) (5,352)
Other current assets 3,940 (5,628)
Other non-current assets 495 647
Accounts payable (8,962) 5,789
Accrued compensation and benefits, other current liabilities and other non-current liabilities (1,040) (4,748)
Net cash provided by (used in) operating activities 54,168 (7,236)
Net cash provided by (used in) operating activities 54,168 (7,236)
Cash flows from investing activities:    
Purchases of property and equipment (2,821) (5,863)
Maturities of short-term investments 50,000 162,061
Purchases of short-term investments (115,000) (113,716)
Net cash provided by (used in) investing activities (67,821) 42,482
Cash flows from financing activities:    
Payments on technology license obligations (3,906) (838)
Proceeds from employee share incentive plans 4,648 3,513
Tax withheld related to RSU settlement (3,712) (1,071)
Net cash provided by (used in) financing activities (2,970) 1,604
Effect of exchange rate changes on cash (69) 108
Net increase (decrease) in cash and cash equivalents (16,692) 36,958
Cash and cash equivalents at beginning of the period 236,328 66,942
Cash and cash equivalents at end of the period 219,636 103,900
Supplemental cash flow information:    
Purchases of property and equipment included in accounts payable, other current liabilities and other non-current liabilities $ 9,680 $ 27,320