| Schedule of Amortized Cost and Fair Value of Fixed Income Marketable Securities |
The amortized cost and fair value of our fixed income marketable securities as of the dates indicated below were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | As of June 30, 2026 (In thousands) | Amortized Cost | | Gross Unrealized Gains | | Gross Unrealized Losses | | Fair Value | | Corporate debt securities | $ | 1,304,718 | | | $ | 1,123 | | | $ | (2,316) | | | $ | 1,303,525 | | | Money market funds and other | 1,233,035 | | | — | | | — | | | 1,233,035 | | | Municipal securities | 23,417 | | | 12 | | | (10) | | | 23,419 | | | Sovereign securities | 40,245 | | | — | | | (27) | | | 40,218 | | | U.S. Government agency securities | 75,848 | | | 81 | | | (187) | | | 75,742 | | | U.S. Treasury securities | 1,363,089 | | | 266 | | | (7,644) | | | 1,355,711 | | | | | | | | | | | | | | | | | | | Subtotal | 4,040,352 | | | 1,482 | | | (10,184) | | | 4,031,650 | | Add: Time deposits(1) | 490,231 | | | — | | | — | | | 490,231 | | | Less: Cash equivalents | 1,316,087 | | | — | | | — | | | 1,316,087 | | Marketable securities(2) | $ | 3,214,496 | | | $ | 1,482 | | | $ | (10,184) | | | $ | 3,205,794 | | | | | | | | | | | As of June 30, 2025 (In thousands) | Amortized Cost | | Gross Unrealized Gains | | Gross Unrealized Losses | | Fair Value | | Corporate debt securities | $ | 957,256 | | | $ | 4,456 | | | $ | (66) | | | $ | 961,646 | | | Money market funds and other | 1,531,022 | | | — | | | — | | | 1,531,022 | | | Municipal securities | 57,445 | | | 129 | | | (1) | | | 57,573 | | | | | | | | | | | U.S. Government agency securities | 116,436 | | | 458 | | | (58) | | | 116,836 | | | U.S. Treasury securities | 885,101 | | | 2,787 | | | (329) | | | 887,559 | | | | | | | | | | | | | | | | | | | Subtotal | 3,547,260 | | | 7,830 | | | (454) | | | 3,554,636 | | Add: Time deposits(1) | 478,191 | | | — | | | — | | | 478,191 | | | Less: Cash equivalents | 1,641,074 | | | 1 | | | (1) | | | 1,641,074 | | Marketable securities(2) | $ | 2,384,377 | | | $ | 7,829 | | | $ | (453) | | | $ | 2,391,753 | |
__________________ (1)Time deposits excluded from fair value measurements. (2)Excludes equity marketable securities.
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| Schedule of Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value |
The following table summarizes the fair value and gross unrealized losses of our investments that were in an unrealized loss position as of the dates indicated below: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As of June 30, 2026 | Less than 12 Months | | 12 Months or Greater | | Total | | (In thousands) | Fair Value | | Gross Unrealized Losses | | Fair Value | | Gross Unrealized Losses | | Fair Value | | Gross Unrealized Losses | | Corporate debt securities | $ | 703,303 | | | $ | (2,316) | | | $ | — | | | $ | — | | | $ | 703,303 | | | $ | (2,316) | | | Municipal securities | 9,957 | | | (10) | | | — | | | — | | | 9,957 | | | (10) | | | Sovereign securities | 37,200 | | | (27) | | | — | | | — | | | 37,200 | | | (27) | | | U.S. Government agency securities | 47,855 | | | (187) | | | — | | | — | | | 47,855 | | | (187) | | | U.S. Treasury securities | 1,185,956 | | | (7,644) | | | — | | | — | | | 1,185,956 | | | (7,644) | | | Total | $ | 1,984,271 | | | $ | (10,184) | | | $ | — | | | $ | — | | | $ | 1,984,271 | | | $ | (10,184) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As of June 30, 2025 | Less than 12 Months | | 12 Months or Greater | | Total | | (In thousands) | Fair Value | | Gross Unrealized Losses | | Fair Value | | Gross Unrealized Losses | | Fair Value | | Gross Unrealized Losses | | Corporate debt securities | $ | 98,149 | | | $ | (63) | | | $ | 2,528 | | | $ | (3) | | | $ | 100,677 | | | $ | (66) | | | Municipal securities | 5,774 | | | (1) | | | — | | | — | | | 5,774 | | | (1) | | | | | | | | | | | | | | | U.S. Government agency securities | 32,780 | | | (58) | | | — | | | — | | | 32,780 | | | (58) | | | U.S. Treasury securities | 238,627 | | | (297) | | | 20,330 | | | (32) | | | 258,957 | | | (329) | | | Total | $ | 375,330 | | | $ | (419) | | | $ | 22,858 | | | $ | (35) | | | $ | 398,188 | | | $ | (454) | |
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| Schedule of Contractual Maturities of Securities |
The contractual maturities of securities classified as available-for-sale, regardless of their classification on our Consolidated Balance Sheets, as of the date indicated below were as follows: | | | | | | | | | | | | | As of June 30, 2026 (In thousands) | Amortized Cost | | Fair Value | | Due within one year | $ | 1,468,388 | | | $ | 1,468,438 | | | Due after one year through three years | 1,746,108 | | | 1,737,356 | | | Total | $ | 3,214,496 | | | $ | 3,205,794 | |
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