v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jul. 03, 2026
Jul. 04, 2025
Jul. 03, 2026
Jul. 04, 2025
Revenues:        
Total revenues $ 628,690 $ 568,261 $ 1,239,502 $ 1,123,708
Operating expenses:        
Cost of goods sold 20,657 19,470 40,610 38,642
Research and development 211,987 200,356 411,903 412,589
Selling, general and administrative 147,632 134,859 287,234 272,042
Total operating expenses 380,276 354,685 739,747 723,273
Income from operations 248,414 213,576 499,755 400,435
Interest income 14,210 16,789 30,337 35,865
Other income (expenses), net 54 50 273 (195)
Income before income taxes 262,678 230,415 530,365 436,105
Provision for income taxes 50,628 45,567 107,848 91,641
Segment and consolidated net income $ 212,050 $ 184,848 $ 422,517 $ 344,464
Net income per share:        
Basic (in dollars per share) $ 0.85 $ 0.68 $ 1.66 $ 1.25
Diluted (in dollars per share) $ 0.82 $ 0.65 $ 1.60 $ 1.20
Weighted-average common shares outstanding:        
Basic (in shares) 250,808 272,583 254,568 275,693
Diluted (in shares) 259,675 284,393 263,499 286,285
Net product revenues        
Revenues:        
Total revenues $ 573,025 $ 520,014 $ 1,128,002 $ 1,033,297
Collaboration revenues        
Revenues:        
Total revenues $ 55,665 $ 48,247 $ 111,500 $ 90,411