The following tables present information about the Company’s assets and liabilities measured at fair value on a recurring basis, and indicates the fair value hierarchy of the valuation techniques utilized by the Company:


	June 30, 2026
	Level 1		Level 2		Level 3		Total
	(in thousands)

Available-for-sale securities

U.S. government and agency securities	$	—	$	251,437	$	—	$	251,437

Commercial notes	—		111,916		—		111,916
Corporate debt securities	—		1,183,848		—		1,183,848
Total available-for-sale securities	—		1,547,201		—		1,547,201



Cash equivalents
Money market instruments	15,635		—		—		15,635
Term deposit	—		16,586		—		16,586

Total cash equivalents	15,635		16,586		—		32,221
Total financial assets	$	15,635	$	1,563,787	$	—	$	1,579,422


	September 30, 2025
	Level 1		Level 2		Level 3		Total
	(in thousands)

Available-for-sale securities
U.S. government and agency securities	$	—	$	150,695	$	—	$	150,695
Certificate of deposits	—		12,019		—		12,019
Municipal securities	—		7,046		—		7,046
Commercial notes	—		13,801		—		13,801
Corporate debt securities	—		509,257		—		509,257
Total available-for-sale securities	—		692,818		—		692,818
Cash equivalents
Money market instruments	64,460		—		—		64,460
Term deposit	—		134,357		—		134,357
Certificate of deposits	—		3,001		—		3,001
Corporate debt securities	—		16,182		—		16,182
Total cash equivalents	64,460		153,540		—		218,000
Total financial assets	$	64,460	$	846,358	$	—	$	910,818