v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 27, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 68,914 $ 143,086
Marketable securities 125,388 245,018
Accounts receivable, net 136,401 99,367
Inventory 180,481 133,737
Prepaid expenses and other current assets 83,856 70,345
Total current assets 595,040 691,553
Property and equipment, net 37,578 37,812
Right-of-use operating leases 12,934 14,665
Deferred tax assets 161,767 165,636
Goodwill 116,175 116,175
Other assets 30,910 32,681
Total assets 954,404 1,058,522
Current liabilities:    
Accounts payable 92,737 41,523
Accrued liabilities 81,046 91,339
Deferred revenue 36,473 30,386
Total current liabilities 210,256 163,248
Long-term portion of deferred revenue 19,554 19,890
Operating leases 11,218 12,756
Other long-term liabilities 3,355 3,409
Total liabilities 244,383 199,303
Commitments and contingencies (See Note 6)
Stockholders’ equity:    
Preferred stock, $0.025 par value; 5,000 shares authorized; no shares issued and outstanding as of June 27, 2026 and December 31, 2025 0 0
Common stock, $0.025 par value; 100,000 shares authorized; 62,964 shares issued and outstanding as of June 27, 2026, and 67,120 shares issued and outstanding as of December 31, 2025 1,574 1,678
Additional paid-in capital 1,053,389 1,230,191
Accumulated other comprehensive loss (1,021) (408)
Accumulated deficit (343,921) (372,242)
Total stockholders’ equity 710,021 859,219
Total liabilities and stockholders’ equity $ 954,404 $ 1,058,522