Net Income (Loss) per Ordinary Share (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Basic and Diluted Net Income (Loss) Per Ordinary Share Computation

Basic and diluted net income (loss) per ordinary share were computed as follows (in millions, except per share amounts):


	Three Months Ended March 31,
		2026		2025
Numerator:


Net income (loss)		$	293.1	$	(92.5)



Denominator:
Weighted-average ordinary shares used in per share calculations - basic		61.9		61.0
Dilutive effect of employee equity incentive and purchase plans		2.7		—
Dilutive effect of the Exchangeable Senior Notes		1.5		—
Weighted-average ordinary shares used in per share calculations - diluted		66.1		61.0

Net income (loss) per ordinary share:



Basic		$	4.73	$	(1.52)



Diluted		$	4.43	$	(1.52)

Schedule of Weighted-Average Ordinary Shares Excluded from Computation of Diluted Net Income (Loss) Per Share

The following table represents the weighted-average ordinary shares that were excluded from the calculation of diluted net income (loss) per ordinary share for the periods presented because including them would have an anti-dilutive effect (in millions):


	Three Months Ended March 31,
		2026	2025
Employee equity incentive and purchase plans		0.7	3.9