v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jul. 04, 2025
Jun. 28, 2024
Jul. 04, 2025
Jun. 28, 2024
Revenues:        
Total revenues $ 568,261 $ 637,178 $ 1,123,708 $ 1,062,404
Operating expenses:        
Cost of goods sold 19,470 17,667 38,642 38,923
Research and development 200,356 211,147 412,589 438,836
Selling, general and administrative 134,859 132,015 272,042 245,999
Restructuring 0 475 0 33,310
Total operating expenses 354,685 361,304 723,273 757,068
Income from operations 213,576 275,874 400,435 305,336
Interest income 16,789 17,258 35,865 37,152
Other income (expenses), net 50 (287) (195) (376)
Income before income taxes 230,415 292,845 436,105 342,112
Provision for income taxes 45,567 66,729 91,641 78,679
Net income $ 184,848 $ 226,116 $ 344,464 $ 263,433
Net income per share:        
Basic (in dollars per share) $ 0.68 $ 0.78 $ 1.25 $ 0.89
Diluted (in dollars per share) $ 0.65 $ 0.77 $ 1.20 $ 0.88
Weighted-average common shares outstanding:        
Basic (in shares) 272,583 289,216 275,693 294,986
Diluted (in shares) 284,393 293,974 286,285 299,752
Net product revenues        
Revenues:        
Total revenues $ 520,014 $ 437,581 $ 1,033,297 $ 816,104
Collaboration revenues        
Revenues:        
Total revenues $ 48,247 $ 199,597 $ 90,411 $ 246,300