v3.26.1
Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-Based Compensation Expenses
The following table presents stock-based compensation expense recorded in the three and six months ended June 30, 2026 and 2025.
Three months ended June 30,
20262025
(in thousands)
Cost of revenues$7,303 $6,196 
Research and development37,564 30,772 
Selling, general and administrative58,230 56,390 
Total$103,097 $93,358 
Six months ended June 30,
20262025
(in thousands)
Cost of revenues$13,928 $11,466 
Research and development70,971 57,283 
Selling, general and administrative113,305 102,436 
Total$198,204 $171,185 
Schedule of Stock Option Activity
The following table summarizes option activity for the six months ended June 30, 2026:
Number of
Shares
Outstanding
Weighted-
Average
Exercise
Price
(in thousands, except for per share data)
December 31, 20253,591 $27.03 
Options exercised(454)$11.68 
Options forfeited/cancelled(5)$29.12 
June 30, 20263,132 $29.28 
Schedule of RSU and Performance-Based Award Activity
The following table summarizes unvested RSU and PSU activity during the six months ended June 30, 2026:
Shares
Weighted-
Average
Grant Date
Fair Value
(in thousands, except for per share data)
Balance at December 31, 20258,323 $100.44 
Awards granted2,625 $216.23 
Awards vested(3,387)$82.35 
Awards forfeited/cancelled(240)$118.34 
Balance at June 30, 20267,321 $134.23