v3.26.1
Segment and Geographical Information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Significant Expense Categories and Amounts Regularly Provided to the CODM
The following table includes the significant expense categories and amounts that are regularly provided to the CODM (in thousands):
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Revenue$392,400 $191,925 $700,761 $351,367 
Less:
Cost of revenue104,833 46,362178,05386,393
Stock-based compensation (1)
62,300 35,121110,71477,605
Personnel-related expenses (1)
87,003 43,843150,30886,282
Other segment items (2)
(14,824)15,38028,28818,049
Consolidated net income
$153,088 $51,219 $233,398 $83,038 
(1) Stock-based compensation and personnel-related expenses presented in the above table are related to operating expenses and exclude amounts included in the cost of revenue.
(2) Other segment items included are primarily related to income tax benefit, interest income, engineering related costs such as hardware design, software license, and cloud hosting services costs, and professional and consulting services fees.
Schedule of Revenue by Geographic Location
The following table sets forth revenue by geographic area (in thousands):
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
China$152,696 $59,056 $242,267 $103,694 
Singapore113,734 66,447 204,872 97,868 
Taiwan105,768 56,644 198,923 133,462 
United States5,531 2,218 20,498 5,519 
Other14,671 7,560 34,201 10,824 
Total$392,400 $191,925 $700,761 $351,367 
Schedule of Revenue Concentration Risk
The Company had the following customers that individually comprised 10% or more of its revenue:
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Customer A
29 %27 %29 %20 %
Customer B25 %*21 %*
Customer C15 %13 %17 %19 %
Customer D13 %24 %13 %23 %
Customer E
*11 %**
Customer F
*12 %*15 %
*Less than 10% of total revenue
The Company had the following customers that individually comprised 10% or more of its accounts receivable, net:
As of
June 30, 2026December 31, 2025
Customer A30 %*
Customer B
17 %14 %
Customer D12 %*
Customer E10 %28 %
Customer C*27 %
*Less than 10% of total accounts receivable, net