v3.26.1
BALANCE SHEET COMPONENTS
 9 Months Ended
Mar. 31, 2026
Balance Sheet Related Disclosures [Abstract]  
BALANCE SHEET COMPONENTS BALANCE SHEET COMPONENTS
Inventories

Inventories consisted of the following (in thousands):
March 31, 2026June 30, 2025
Finished goods$612,823 $627,971 
Raw materials41,184 47,127 
Total$654,007 $675,098 

Prepaid expenses and other current assets

Prepaid expenses and other current assets consisted of the following (in thousands):
March 31, 2026June 30, 2025
Prepaid income taxes$30,144 $7,339 
Prepaid expenses and other assets45,073 39,458 
Other taxes10,534 8,775 
Total$85,751 $55,572 
Property and Equipment, Net

Property and equipment, net consisted of the following (in thousands):
March 31, 2026June 30, 2025
Testing equipment$20,582 $20,581 
Tooling equipment33,766 26,528 
Leasehold improvements28,828 27,578 
Computer and other equipment9,232 8,141 
Software8,249 9,016 
Furniture and fixtures2,164 2,170 
Corporate aircraft65,807 65,807 
Property and equipment, gross168,628 159,821 
Less: Accumulated depreciation and amortization(94,624)(86,326)
Property and equipment, net$74,004 $73,495 

Other Long-term Assets

Other long-term assets consisted of the following (in thousands):
March 31, 2026June 30, 2025
Hong Kong Tax deposit (1)
$60,346 $60,270 
Intangible assets, net (2)(3)
1,799 2,628 
Other long-term assets, net5,163 4,213 
Total$67,308 $67,111 
(1) The Company expects the deposits made with the Hong Kong Inland Revenue Department (“IRD”) to be refunded upon completion of the audit. See Note 11, “Income Taxes” to the consolidated financial statements for additional details regarding this ongoing tax audit.
(2) Accumulated amortization was $9.8 million and $9.1 million as of March 31, 2026, and June 30, 2025, respectively.
(3) Amortization expense for intangible assets was $0.1 million and $0.8 million for the three and nine months ended March 31, 2026, respectively. Amortization expense for intangible assets was $0.4 million and $1.2 million for the three and nine months ended March 31, 2025, respectively.

The following table presents expected future intangible asset amortization as of March 31, 2026:

Fiscal 2026 (remainder)$63
Fiscal 2027252
Fiscal 2028253
Fiscal 2029245
Fiscal 2030243
Thereafter743
Total future intangible asset amortization$1,799
Other Current Liabilities

Other current liabilities consisted of the following (in thousands):
March 31, 2026June 30, 2025
Deferred revenue — short-term$52,376 35,968 
Accrued expenses22,215 36,090 
Lease liability— current10,917 12,401 
Warranty accrual10,810 11,739 
Accrued compensation and benefits12,243 9,086 
Customer deposits2,360 2,817 
Reserve for sales returns3,368 3,005 
Inventory received not billed86,145 120,826 
Other payables25,473 23,840 
Total$225,907 $255,772 

Other Long-Term Liabilities

Other long-term liabilities consisted of the following (in thousands):
March 31, 2026June 30, 2025
Deferred revenue — long-term$36,177 $26,015 
Deferred tax liability— 334 
Total$36,177 $26,349