v3.26.1
Revenue (Tables)
 12 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
A summary of the Company’s disaggregated revenue is as follows:
Fiscal Year Ended March 31,
External CustomersRelated PartiesTotal
(in millions)202620252024202620252024202620252024
License and Other Revenue (1)
$1,298 $1,421 $1,051 $1,009 $418 $380 $2,307 $1,839 $1,431 
Royalty Revenue2,123 1,763 1,458 490 405 344 2,613 2,168 1,802 
$3,421 $3,184 $2,509 $1,499 $823 $724 $4,920 $4,007 $3,233 
(1)    Includes over-time revenue of $1,080 million, $467 million and $121 million and point-in-time revenue of $1,227 million, $1,372 million and $1,310 million for the fiscal years ended March 31, 2026, 2025 and 2024, respectively.
Schedule of Revenue from External Customers by Geographic Areas The following table summarizes information pertaining to revenue from customers based on the principal headquarters address by geographic regions:
Fiscal Year Ended March 31,
(in millions)
202620252024
United States
$1,761 $1,716 $1,413 
PRC (1)
874 749 697 
Japan825 296 121 
Taiwan
695 629 522 
Republic of Korea
392 324 308 
Other countries
373 293 172 
Total
$4,920 $4,007 $3,233 
(1)    “PRC” means the People’s Republic of China, including the Hong Kong Special Administrative Region and the Macau Special Administrative Region, but excluding Taiwan.
Schedule of Accounts Receivable
A summary of the components of accounts receivable, net is as follows:
As of
(in millions)March 31, 2026March 31, 2025
Accounts receivable1,331 1,127 
Allowance for current expected credit losses(31)(20)
Total accounts receivable, net1,300 1,107 
Schedule of Allowance for Credit Losses
A summary of the movement in the allowance for current expected credit losses is as follows:
Fiscal Year Ended March 31,
(in millions)202620252024
Beginning balance$20 $3 $3 
Additional (reversal of) provision11 17 — 
Ending balance$31 $20 $3 
Schedule of Reconciliation of Contract Liabilities
A reconciliation of the movement in contract liabilities is as follows:
As of
(in millions)March 31, 2026March 31, 2025
Beginning balance April 1,$911 $915 
Customer prepayment and billing in advance of performance581 371 
Revenue recognized in the period that was included in the contract liability balance at the beginning of the period(149)(131)
Revenue recognized in the period that was included in the contract liability balance during the period(297)(244)
Ending balance$1,046 $911