INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2025

Income Tax Disclosure [Abstract]

Schedule of Income before Income Taxes, Domestic and Foreign

The components of income before income taxes were as follows:

	Year Ended June 30,
(In thousands)	2025		2024		2023
Domestic income before income taxes	$	3,070,097	$	1,997,090	$	2,017,338
Foreign income before income taxes	1,574,351		1,192,942		1,771,852
Total income before income taxes	$	4,644,448	$	3,190,032	$	3,789,190

Schedule of Components of Income Tax Expense (Benefit)

The provision for income taxes was comprised of the following:

(In thousands)	Year Ended June 30,
	2025		2024		2023
Current:
Federal	$	624,002	$	395,876	$	553,197
State	21,161		10,737		14,804
Foreign	182,448		160,401		188,991
	827,611		567,014		756,992
Deferred:
Federal	(222,907)		(110,686)		(228,414)
State	(5,433)		(2,770)		(4,295)
Foreign	(16,466)		(25,422)		(122,444)
	(244,806)		(138,878)		(355,153)
Provision for income taxes	$	582,805	$	428,136	$	401,839

Schedule of Deferred Tax Assets and Liabilities

The significant components of deferred income tax assets and liabilities were as follows:

(In thousands)	As of June 30,
	2025		2024
Deferred tax assets:
Capitalized R&D expenses	$	447,043	$	328,061
Tax credits and net operating losses	327,618		311,026
Depreciation and amortization	190,256		151,371
Inventory reserves	135,121		121,238
Employee benefits accrual	106,746		95,461
Non-deductible reserves	69,790		53,668
Unearned revenue	48,372		25,532
SBC	18,835		15,375
Other	43,843		12,785
Gross deferred tax assets	1,387,624		1,114,517
Valuation allowance	(310,599)		(289,534)
Net deferred tax assets	$	1,077,025	$	824,983
Deferred tax liabilities:
Unremitted earnings of foreign subsidiaries not indefinitely reinvested	$	(360,544)	$	(315,231)
Deferred profit	(41,378)		(70,204)
Unrealized gain on investments	(16,278)		(10,949)
Total deferred tax liabilities	(418,200)		(396,384)
Total net deferred tax assets	$	658,825	$	428,599

Schedule of Effective Income Tax Rate Reconciliation

The reconciliation of the U.S. federal statutory income tax rate to our effective income tax rate was as follows:

	Year Ended June 30,
	2025		2024		2023
Federal statutory rate	21.0	%	21.0	%	21.0	%
GILTI	2.9	%	3.7	%	3.4	%
Goodwill impairment	1.1	%	1.7	%	—	%
Net change in tax reserves	0.3	%	1.1	%	—	%
State income taxes, net of federal benefit	0.3	%	0.3	%	0.2	%
Effect of SBC	—	%	—	%	0.1	%
Foreign derived intangible income	(6.6)	%	(5.9)	%	(5.7)	%
Effect of foreign operations taxed at various rates	(5.1)	%	(6.6)	%	(7.1)	%
R&D tax credit	(1.1)	%	(1.6)	%	(1.5)	%
Other	(0.3)	%	(0.3)	%	0.2	%
Effective income tax rate	12.5	%	13.4	%	10.6	%

Reconciliation of Gross Unrecognized Tax Benefits

A reconciliation of gross unrecognized tax benefits was as follows:

	Year Ended June 30,
(In thousands)	2025		2024		2023
Unrecognized tax benefits at the beginning of the year	$	245,707	$	213,092	$	217,927
Increases for tax positions taken in current year	35,429		40,209		44,590
Increases for tax positions taken in prior years	10,862		23,291		434
Decreases for lapsing of statutes of limitations	(17,100)		(4,119)		(888)
Decreases for tax positions taken in prior years	(11,607)		(26,766)		(3,929)
Decreases for settlements with taxing authorities	(4,687)		—		(45,042)
Unrecognized tax benefits at the end of the year	$	258,604	$	245,707	$	213,092