v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues        
Total revenues $ 1,705,071 $ 1,315,300 $ 3,218,509 $ 2,432,579
Gross profit 1,530,541 1,150,694 2,876,764 2,102,971
Operating expenses        
Research and development 612,280 524,896 1,153,504 1,006,783
Selling, general and administrative 593,214 537,913 1,148,311 997,201
Total operating expenses 1,205,494 1,062,809 2,301,815 2,003,984
Income from operations 325,047 87,885 574,949 98,987
Interest income 27,900 11,492 55,564 24,342
Interest expense (39,739) (7,995) (72,626) (14,997)
Other (expense) income, net (749) 8,167 13,787 12,117
Income before income taxes 312,459 99,549 571,674 120,449
Income tax expense 75,452 5,229 107,310 24,859
Net income $ 237,007 $ 94,320 $ 464,364 $ 95,590
Earnings per share        
Basic (in dollars per share) $ 0.16 $ 0.07 $ 0.32 $ 0.07
Diluted (in dollars per share) $ 0.16 $ 0.06 $ 0.31 $ 0.07
Weighted-average shares outstanding—basic (in shares) 1,450,485,552 1,408,166,754 1,446,490,904 1,399,159,898
Weighted-average shares outstanding— diluted (in shares) 1,505,361,900 1,463,277,401 1,505,389,182 1,454,296,475
Earnings per American Depositary Share (“ADS”)        
Basic (in dollars per share) $ 2.12 $ 0.87 $ 4.17 $ 0.89
Diluted (in dollars per share) $ 2.05 $ 0.84 $ 4.01 $ 0.85
Weighted-average ADSs outstanding - basic (in shares) 111,575,812 108,320,520 111,268,531 107,627,684
Weighted-average ADSs outstanding - diluted (in shares) 115,797,069 112,559,800 115,799,168 111,868,960
Product revenue, net        
Revenues        
Total revenues $ 1,679,794 $ 1,302,076 $ 3,167,123 $ 2,410,606
Cost of sales - product 174,530 164,606 341,745 329,608
Other revenue        
Revenues        
Total revenues $ 25,277 $ 13,224 $ 51,386 $ 21,973