Cash Equivalents and Short-Term Investments (Tables)

9 Months Ended

Apr. 30, 2026

Cash equivalents and short-term investments consisted of the following as of April 30, 2026:


	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value

Cash equivalents:	(in thousands)
Money market funds	$	788,013	$	—	$	—	$	788,013
Certificates of deposit	47,729		—		—		47,729
Total cash equivalents	$	835,742	$	—	$	—	$	835,742

Short-term investments:
U.S. treasury securities	$	441,028	$	241	$	(1,369)	$	439,900
U.S. government agency securities	54,843		10		(163)		54,690
Corporate debt securities	1,748,998		1,305		(5,594)		1,744,709
Certificates of deposit	95,051		—		—		95,051
Asset-backed securities	217,664		170		(199)		217,635
Non-U.S. government securities	5,012		—		(2)		5,010
Total short-term investments	$	2,562,596	$	1,726	$	(7,327)	$	2,556,995

Total cash equivalents and short-term investments	$	3,398,338	$	1,726	$	(7,327)	$	3,392,737

Cash equivalents and short-term investments consisted of the following as of July 31, 2025:


	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value

Cash equivalents:	(in thousands)
Money market funds	$	1,403,678	$	—	$	—	$	1,403,678
Corporate debt securities	8,468		—		—		8,468
Certificates of deposit	131,463		—		—		131,463
Total cash equivalents	$	1,543,609	$	—	$	—	$	1,543,609

Short-term investments:
U.S. treasury securities	$	231,193	$	56	$	(250)	$	230,999
U.S. government agency securities	75,006		26		(40)		74,992
Corporate debt securities	876,330		1,812		(747)		877,395
Total short-term investments	$	1,182,529	$	1,894	$	(1,037)	$	1,183,386

Total cash equivalents and short-term investments	$	2,726,138	$	1,894	$	(1,037)	$	2,726,995

The amortized cost and fair value of our short-term investments based on their stated maturities consisted of the following as of April 30, 2026:


	Amortized Cost		Fair Value

	(in thousands)
Due within one year	$	518,635	$	519,471
Due between one to three years	1,826,297		1,819,889
Asset-backed securities	217,664		217,635
Total	$	2,562,596	$	2,556,995

Short-term investments that were in continuous unrealized loss position as of April 30, 2026 consisted of the following:


	Less than 12 Months				Greater than 12 Months				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses

	(in thousands)
U.S. treasury securities	$	275,179	$	(1,369)	$	—	$	—	$	275,179	$	(1,369)
U.S. government agency securities	37,773		(163)		—		—		37,773		(163)
Corporate debt securities	1,220,650		(5,594)		—		—		1,220,650		(5,594)
Asset-backed securities	175,894		(199)		—		—		175,894		(199)
Non-U.S. government securities	5,010		(2)		—		—		5,010		(2)
Total	$	1,714,506	$	(7,327)	$	—	$	—	$	1,714,506	$	(7,327)

Short-term investments that were in continuous unrealized loss position as of July 31, 2025 consisted of the following:


	Less than 12 Months				Greater than 12 Months				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses

	(in thousands)
U.S. treasury securities	$	156,395	$	(250)	$	—	$	—	$	156,395	$	(250)
U.S. government agency securities	36,098		(40)		—		—		36,098		(40)
Corporate debt securities	360,840		(747)		—		—		360,840		(747)
Total	$	553,333	$	(1,037)	$	—	$	—	$	553,333	$	(1,037)