v3.26.1
STOCK-BASED COMPENSATION (Tables)
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of the Components of Total Stock-Based Compensation Expense
The following table summarizes the components of total stock-based compensation expense included in the condensed consolidated statement of operations for the periods presented:
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
(In thousands)
Cost of revenues$3,666 $4,311 $7,250 $8,550 
Research and development17,569 20,481 36,403 42,128 
Sales and marketing12,363 16,657 27,080 33,053 
General and administrative9,782 12,368 21,660 25,210 
Restructuring174 79 152 588 
Total$43,554 $53,896 $92,545 $109,529 
Schedule of Stock-Based Compensation Associated with Each Type of Award
The following table summarizes the various types of stock-based compensation expense for the periods presented:
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
(In thousands)
RSUs and PSUs$41,562 $52,666 $88,930 $106,842 
ESPP1,992 1,230 3,615 2,687 
Total$43,554 $53,896 $92,545 $109,529 
Schedule of Restricted Stock Unit Activity
The following table summarizes RSU activity:
Number of
Shares
Outstanding		Weighted-
Average
Fair Value
per Share at
Grant Date		Weighted-
Average
Remaining
Contractual
Term
Aggregate
Intrinsic
Value(1)
(In thousands)(Years)(In thousands)
Outstanding at December 31, 20253,800 $69.01 1.5$121,780 
Granted942 $40.11 
Vested(829)$95.06 $34,079 
Canceled(340)$61.54 
Outstanding at June 30, 20263,573 $56.05 1.5$175,939 
Expected to vest at June 30, 20263,573 $56.05 1.5$175,939 
(1) The intrinsic value of RSUs vested is based upon the value of the Company’s stock when vested. The intrinsic value of RSUs outstanding and expected to vest as of June 30, 2026 is based on the closing price of the last trading day during the period ended June 30, 2026. The Company’s stock fair value used in this computation was $49.24 per share.
Schedule of Share-based Compensation, Performance Shares Award Outstanding Activity
The following table summarizes PSU activity:
Number of
Shares
Outstanding		Weighted-
Average
Fair Value
per Share at
Grant Date		Weighted-
Average
Remaining
Contractual
Term
Aggregate
Intrinsic
Value(1)
(In thousands)(Years)(In thousands)
Outstanding at December 31, 20251,640 $110.34 1.1$52,541 
Granted1,343 $48.02 
Vested(554)$64.95 $23,368 
Canceled(247)$213.56 
Outstanding at June 30, 20262,182 $71.79 1.5$107,406 
Expected to vest at June 30, 20262,182 $71.79 1.5$107,406 
(1) The intrinsic value of PSUs vested is based upon the value of the Company’s stock when vested. The intrinsic value of PSUs outstanding and expected to vest as of June 30, 2026 is based on the closing price of the last trading day during the period ended June 30, 2026. The Company’s stock fair value used in this computation was $49.24 per share.