v3.26.1
Segment reporting (Tables)
12 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Summary of Segment Reporting Information, by Segment The following table presents significant segment expenses with respect to the Company’s single reportable segment for the fiscal years ended March 31, 2026, 2025 and
2024 (prior year segment expenses have been reclassified to separately present tariffs to be consistent with the current year presentation):
Fiscal year ended March 31,
202620252024
(In thousands)
Revenue$3,559,390 $2,959,197 $2,499,841 
Less:
Material cost2,226,920 1,799,343 1,498,699 
45X vendor credits(379,874)(224,879)(121,405)
Tariffs130,406 19,729 16,775 
Freight, labor and other cost of sales421,843 356,179 292,723 
Selling, general and administrative expenses341,920 290,321 183,571 
Research and development120,909 79,392 42,360 
Interest expense2,623 13,096 13,820 
Other income, net(19,183)(22,000)(34,699)
Provision for income taxes127,943 130,770 111,782 
Net income$585,883 $517,246 $496,215 
Summary of Geographic Information of Revenue
The following table sets forth geographic information of revenue based on the locations to which the products are shipped:
Fiscal year ended March 31,
202620252024
Revenue:
(In thousands, except percentages)
U.S.$2,730,69977%$2,031,60369%$1,702,61168%
Rest of the World828,69123%927,59431%797,23032%
Total$3,559,390$2,959,197$2,499,841
The United States is the principal country of domicile.
The following table summarizes the countries that accounted for more than 10% of revenue in fiscal years 2026, 2025 and 2024. Revenue is attributable to the countries to which the products are shipped.
Fiscal year ended March 31,
202620252024
Revenue:
(In thousands, except percentages)
U.S.$2,730,69977%$2,031,60369%$1,702,61168%
Brazil— *— *281,272 11%
* Percentage below 10%