v3.26.1
Revenue (Tables)
 3 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
A summary of the Company’s disaggregated revenue is as follows:
Three Months Ended
June 30,
External CustomersRelated PartiesTotal
(in millions)202620252026202520262025
License and Other Revenue(1)
$310 $255 $264 $213 $574 $468 
Royalty Revenue591 470 124 115 715 585 
Total Revenue$901 $725 $388 $328 $1,289 $1,053 
(1)    Includes over-time revenue of $288 million and $221 million, and point-in-time revenue of $286 million and $247 million, for the three months ended June 30, 2026 and 2025, respectively.
Schedule of Revenue from External Customers by Geographic Areas The following table summarizes information pertaining to revenue from customers based on the principal headquarters address by geographic regions:
Three Months Ended
June 30,
(in millions)
20262025
United States
$388 $382 
PRC (1)
200 209 
Japan276 154 
Taiwan
176 146 
Republic of Korea
117 69 
Other countries
132 93 
Total Revenue
$1,289 $1,053 
(1)    “PRC” means the People’s Republic of China, including the Hong Kong Special Administrative Region and the Macau Special Administrative Region, but excluding Taiwan.
Schedule of Accounts Receivable
A summary of the components of accounts receivable, net is as follows:
As of
(in millions)June 30, 2026March 31, 2026
Accounts receivable$1,150 $1,331 
Allowance for current expected credit losses(31)(31)
Total accounts receivable, net$1,119 $1,300 
Schedule of Allowance for Credit Losses
A summary of the movement in the allowance for current expected credit losses is as follows:
Three Months Ended
June 30,
(in millions)20262025
Beginning balance$31 $20 
Additional (reversal of) provision— (1)
Ending balance$31 $19 
Schedule of Reconciliation of Contract Liabilities
A reconciliation of the movement in contract liabilities is as follows:
As of
(in millions)June 30, 2026March 31, 2026
Beginning balance April 1,$1,046 $911 
Customer prepayment and billing in advance of performance110 581 
Revenue recognized in the period that was included in the contract liability balance at the beginning of the period(138)(149)
Revenue recognized in the period that was included in the contract liability balance during the period(79)(297)
Ending balance$939 $1,046