v3.26.1
Business Combinations - Summary of Components of Purchase Consideration (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2026
Jan. 30, 2026
Jan. 26, 2026
Dec. 31, 2025
Business Combination [Line Items]        
Cash       $ 58,400
Contingent consideration       4,400
Total purchase consideration       $ 2,660,600
Skyloom Global Corp. [Member]        
Business Combination [Line Items]        
Cash     $ 36,020  
Fair value of common stock issued [1]     119,774  
Contingent consideration     32,680  
Total purchase consideration     $ 188,474  
Nexus Photonics, Inc. [Member]        
Business Combination [Line Items]        
Fair value of common stock issued [2] $ 65,493      
Fair value of equity awards [3] 10,552      
Total purchase consideration $ 76,045      
Seed Innovations, LLC [Member]        
Business Combination [Line Items]        
Fair value of common stock issued [4]   $ 30,076    
Total purchase consideration   $ 30,076    
[1] Reflects 2,761,679 shares of the Company’s common stock issued in the acquisition, multiplied by the closing price of the Company’s common stock on the closing date. These shares are inclusive of 325,235 shares held in escrow and 75,504 shares withheld to cover employee tax obligations. The escrowed shares are expected to be released within 18 months after the close of the Skyloom Acquisition, subject to reductions for working capital adjustments and indemnity claims.
[2] Reflects 1,229,698 shares of the Company’s common stock issued in the acquisition, multiplied by the closing price of the Company’s common stock on the closing date. These shares are inclusive of 285,000 shares held in escrow and 41,177 shares withheld to cover employee tax obligations. The escrowed shares are expected to be released within 24 months after the close of the Nexus Acquisition, subject to reductions for working capital adjustments and indemnity claims.
[3] Reflects the issuance of certain equity awards, including restricted stock. Refer to Note 16 for further details on the Company’s share-based compensation awards, including awards issued in connection with acquisitions.
[4] Reflects 752,264 shares of the Company’s common stock issued in the acquisition, multiplied by the closing price of the Company’s common stock on the closing date. These shares are inclusive of 234,990 shares held in escrow. The escrowed shares are expected to be released within 24 months after the close of the Seed Acquisition, subject to reductions for working capital adjustments and indemnity claims.