v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents (Note 5) $ 3,592 $ 3,579
Short-term investments (Note 5) 1,718 2,503
Accounts receivable, net 370 555
Inventory (Note 6) 1,661 1,594
Other current assets 277 361
Total current assets 7,618 8,592
Property, plant, and equipment, net (Note 7) 5,557 5,119
Operating lease assets, net 708 571
Strategic investments (Note 2) 697 119
Other non-current assets 560 463
Total assets 15,140 14,864
Current liabilities:    
Accounts payable 889 595
Accrued liabilities (Note 9) 1,085 1,438
Current portion of deferred revenues, lease liabilities, and other liabilities (Note 9) 1,646 1,660
Total current liabilities 3,620 3,693
Long-term debt (Note 8) 4,444 4,440
Non-current lease liabilities 693 551
Other non-current liabilities (Note 9) 1,256 1,586
Total liabilities 10,013 10,270
Commitments and contingencies (Note 13)
Stockholders' equity:    
Preferred stock, $0.001 par value; 10 shares authorized and 0 shares issued and outstanding as of December 31, 2025 and June 30, 2026 0 0
Common stock, $0.001 par value; 5,258 and 5,258 shares authorized and 1,240 and 1,362 shares issued and outstanding as of December 31, 2025 and June 30, 2026, respectively (Note 14) 1 1
Additional paid-in capital 33,305 31,508
Accumulated deficit (28,200) (26,951)
Accumulated other comprehensive income 0 8
Noncontrolling interest 21 28
Total stockholders' equity 5,127 4,594
Total liabilities and stockholders' equity $ 15,140 $ 14,864