v3.25.2
Intangibles, net
3 Months Ended
Aug. 02, 2025
Intangibles, net  
Intangibles, net

7. Intangibles, net

The components of intangibles are as follows (in thousands):

August 2,

April 30,

    

2025

    

2025

Technology

$

497,861

$

101,645

Licenses

1,008

1,008

Customer relationships

747,682

77,588

Backlog

65,008

2,963

In-process research and development

550

550

Non-compete agreements

320

320

Trademarks and tradenames

1,668

1,668

Other

146

146

Intangibles, gross

1,314,243

185,888

Less accumulated amortization

 

(195,395)

 

(137,177)

Intangibles, net

$

1,118,848

$

48,711

Technology, backlog and customer relationships intangibles were recognized in conjunction with the Company’s acquisition of Blue Halo on May 1 2025. Refer to Note 17—Business Acquisitions for further details.

The weighted average amortization period as of August 2, 2025 and April 30, 2025 was seven and three years, respectively. Amortization expense for the three months ended August 2, 2025 and July 27, 2024 was $58,161,000 and $4,774,000, respectively.

Estimated remaining amortization expense for the next five years is as follows (in thousands):

    

Year ending

 

April 30,

 

2026

$

171,112

2027

 

164,607

2028

 

163,892

2029

 

161,196

2030

 

145,061

$

805,868