v3.26.1
Equity
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Equity Equity
Stock-Based Compensation Expense
Compensation expense related to stock-based awards was recorded as follows:
Three Months Ended June 30,Six Months Ended June 30,
(in millions)
2026202520262025
Cost of revenue$0.2 $0.2 $0.5 $0.4 
Research and development expenses3.5 2.9 6.8 5.5 
Selling, general and administrative expenses16.0 4.4 33.7 19.8 
Total$19.7 $7.5 $40.9 $25.7 
Share Repurchase Program
In February 2026, the Board of Directors extended the Company’s $125 million share repurchase program to December 31, 2027 and approved an additional $350 million in repurchases of common stock. Additionally, in February 2026, the Company entered into accelerated share repurchase agreements (“ASRs”) to repurchase $300 million of the Company’s common stock, which were completed by March 31, 2026.