The following table presents a summary of consolidated net income inclusive of significant segment expenses and other expense information provided to the CODM (in millions):
| | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | August 1,
2026 | | August 2,
2025 | | August 1,
2026 | | August 2,
2025 | Net revenue | $ | 2,739.3 | | | $ | 2,006.1 | | | $ | 5,157.1 | | | $ | 3,901.4 | | Less: | | | | | | | | | Product costs (a) | 1,125.3 | | | 814.7 | | | 2,119.3 | | | 1,576.5 | | | Employee compensation and related in operating expenses | 434.3 | | | 338.6 | | | 850.4 | | | 686.5 | | | Amortization of acquired intangible assets | 214.9 | | | 243.7 | | | 440.1 | | | 489.4 | | | Restructuring related charges (gains), net | (3.0) | | | 8.7 | | | 5.7 | | | (3.6) | | | Stock-based compensation | 326.2 | | | 153.6 | | | 533.8 | | | 295.7 | | | Engineering design related costs | 86.9 | | | 66.0 | | | 159.5 | | | 116.7 | | | Interest expense | 61.6 | | | 51.9 | | | 114.4 | | | 100.6 | | | Change in fair value of contingent consideration liability, net of forward stock purchase contract | 52.0 | | | — | | | 302.7 | | | — | | | Provision for income taxes | 70.3 | | | 38.9 | | | 119.1 | | | 76.9 | | | Other segment items (b) | 62.8 | | | 95.2 | | | 169.6 | | | 190.0 | | | Net income | $ | 308.0 | | | $ | 194.8 | | | $ | 342.5 | | | $ | 372.7 | |
(a)Includes material, labor and other product related costs, excluding the other categories above. (b)Includes depreciation and amortization expenses, facilities expenses, legal expenses, interest income and other income and expenses.
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