Income Taxes |
6 Months Ended |
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Jun. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Income Taxes Effective Tax Rate The overall effective tax rate for the three months ended June 30, 2026 was 10.0%. This rate differs from the federal statutory rate due to the net tax benefit related to stock-based compensation and R&D tax credits, partially offset by increases in uncertain tax positions. The effective tax rate was favorably impacted by a $14.3 million net tax benefit related to stock-based compensation for stock awards that vested during the three months ended June 30, 2026. By comparison, our overall effective tax rate for the three months ended June 30, 2025 was 192.9%. This rate differed from the federal statutory rate due to the net tax benefit related to stock-based compensation and R&D tax credits, partially offset by increases in uncertain tax positions and state taxes net of federal benefit. The effective tax rate was favorably impacted by a $56.7 million net tax benefit related to stock-based compensation for stock awards that vested during the three months ended June 30, 2025. The overall effective tax rate for the six months ended June 30, 2026 was 14.7%. This rate differs from the federal statutory rate due to the net tax benefit related to stock-based compensation, R&D tax credits and a gain on a related investment transaction not recognized for tax, partially offset by increases in uncertain tax positions and state taxes net of federal benefit. The effective tax rate was favorably impacted by a $23.1 million net tax benefit related to stock-based compensation for stock awards that vested during the six months ended June 30, 2026. By comparison, our overall effective tax rate for the six months ended June 30, 2025 was (78.5)%. This rate differed from the federal statutory rate due to the net tax benefit related to stock-based compensation and R&D tax credits, partially offset by increases in uncertain tax positions and state taxes net of federal benefit. The effective tax rate was favorably impacted by a $68.8 million net tax benefit related to stock-based compensation for stock awards that vested during the six months ended June 30, 2025.
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