v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 529,344 $ 474,318
Marketable securities 408,364 1,038,536
Accounts receivable, net of allowances of $651 and $580 at June 30, 2026 and December 31, 2025, respectively 273,607 229,881
Inventory 285,022 288,047
Prepaid expenses and other current assets 454,200 576,078
Total current assets 1,950,537 2,606,860
Property and equipment, net 136,449 136,804
Intangible assets, net 13,081 22,288
Goodwill 213,231 214,760
Other assets 316,290 222,677
Deferred tax assets, net 289,671 306,403
Total assets 2,919,259 3,509,792
Current liabilities:    
Accounts payable 124,591 203,039
Accrued liabilities 188,516 217,366
Deferred revenues, current 224,272 180,524
Warranty obligations, current 27,784 29,038
Debt, current 0 632,183
Total current liabilities 565,163 1,262,150
Long-term liabilities:    
Deferred revenues, non-current 358,233 337,923
Warranty obligations, non-current 175,422 185,005
Other liabilities 65,769 65,497
Debt, non-current 572,836 572,194
Total liabilities 1,737,423 2,422,769
Commitments and contingencies (Note 12)
Stockholders’ equity:    
Common stock, $0.00001 par value, 300,000 shares authorized; and 132,131 shares and 131,080 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 1 1
Additional paid-in capital 1,364,654 1,289,164
Accumulated deficit (175,223) (203,896)
Accumulated other comprehensive income (loss) (7,596) 1,754
Total stockholders’ equity 1,181,836 1,087,023
Total liabilities and stockholders’ equity $ 2,919,259 $ 3,509,792