INCOME TAXES |
6 Months Ended |
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Jun. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| INCOME TAXES | NOTE 8. INCOME TAXES
On a quarterly basis, we estimate what our effective tax rate will be for the full fiscal year and record a quarterly income tax provision based on the anticipated rate. As the year progresses, we refine our estimate based on the facts and circumstances, including discrete events, by each tax jurisdiction.
Our effective tax rate for the three and six months ended June 30, 2026 was 26% and (30%), respectively. Our effective tax rate for the three and six months ended June 30, 2025 was 35% and 25%, respectively. The primary drivers of the change in the effective tax rate are the differences in pretax book income (loss) by jurisdiction and taxes on foreign entities. The Company’s effective tax rate differs from the statutory federal rate primarily due to earnings in jurisdictions with tax rates that are different from the U.S. federal statutory rate and research and development credits. Fluctuations in the geographic mix of income may cause variability in the Company’s quarterly effective tax rate.
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