Net Income (Loss) per Share Attributable to Common Stockholders

3 Months Ended

May 03, 2026

Net Income (Loss) per Share Attributable to Common Stockholders

Basic and diluted net income (loss) per share attributable to common stockholders is presented in conformity with the two-class method required for participating securities. Basic net income (loss) per share attributable to common stockholders is computed by dividing the net income (loss) attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period. Diluted net income (loss) per share attributable to common stockholders is computed by giving effect to all potentially dilutive common stock equivalents, including our outstanding stock options, common stock related to unvested RSUs, PRSUs, and LTP Awards, and common stock issuable pursuant to the ESPP. In periods of net loss, all potentially dilutive common stock equivalents have been excluded from the calculation of diluted net loss per share attributable to common stockholders as their effect is anti-dilutive.

The following table sets forth the computation of basic and diluted net income (loss) per share attributable to common stockholders (in thousands, except per share data):


	First Quarter of Fiscal
	2026		2027
Numerator:
Net income (loss)	$	(13,995)	$	24,078
Denominator:
Weighted-average shares used in computing net income (loss) per share attributable to common stockholders, basic	326,539		331,152
Add: dilutive effect of common stock equivalents	—		12,341
Weighted-average shares used in computing net income (loss) per share attributable to common stockholders, diluted	326,539		343,493
Net income (loss) per share attributable to common stockholders, basic	$	(0.04)	$	0.07
Net income (loss) per share attributable to common stockholders, diluted	$	(0.04)	$	0.07

The following weighted-average outstanding shares of common stock equivalents were excluded from the computation of diluted net income (loss) per share attributable to common stockholders for the periods presented because including them would have been anti-dilutive (in thousands):


	First Quarter of Fiscal
	2026	2027
Stock options to purchase common stock	2,257	—
Unvested RSUs and PRSUs	20,691	1,686



Shares issuable pursuant to the ESPP	464	—
Total	23,412	1,686