Balance Sheet Components (Tables)

3 Months Ended

May 03, 2026

Inventory consists of the following (in thousands):

Prepaid expenses and other current assets consist of the following (in thousands):


	At the End of
	Fiscal 2026		First Quarter of Fiscal 2027
Prepaid expenses	$	80,283	$	95,457
Other receivables (1)	249,990		301,511
Other current assets	25,742		40,049
Total prepaid expenses and other current assets	$	356,015	$	437,017

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(1) Primarily consists of receivables from our contract manufacturers.

Property and equipment, net consists of the following (in thousands):


	At the End of
	Fiscal 2026		First Quarter of Fiscal 2027
Test and infrastructure equipment (1)	$	499,903	$	495,088
Computer equipment and software	488,355		523,227
Furniture and fixtures	14,609		16,932
Leasehold improvements	114,510		117,664
Capitalized software development costs	95,301		101,824
Total property and equipment	1,212,678		1,254,735
Less: accumulated depreciation and amortization	(625,656)		(640,818)
Property and equipment, net	$	587,022	$	613,917

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(1) Includes finance lease right-of-use assets. Refer to Note 8.

Intangible assets, net consist of the following (in thousands):

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(1) Includes direct costs to obtain these indefinite-lived assets in connection with our name change in February 2026.

At the end of the first quarter of fiscal 2027, future expected amortization expense for intangible assets is as follows (in thousands):


Fiscal Years Ending	Estimated Future Amortization Expense
Remainder of 2027	$	1,813
2028	1,767
2029	868
2030	427
2031	197

Total	$	5,072

Accrued expenses and other liabilities consist of the following (in thousands):


	At the End of
	Fiscal 2026		First Quarter of Fiscal 2027
Taxes payable	$	14,044	$	14,992
Accrued sales, marketing and partner liabilities	67,563		56,746
Engineering-related accruals (1)	6,352		6,955
Supply chain-related accruals (2)	12,961		8,842
Accrued service logistics and professional services	13,570		14,734

Customer deposits from contracts with customers	32,905		33,356
Other accrued liabilities	36,943		46,317
Total accrued expenses and other liabilities	$	184,338	$	181,942

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(1) Primarily consists of subscription cloud services and outside services costs.

(2) Primarily consists of accruals related to our inventory and inventory purchase commitments with our contract manufacturers.