Financial Instruments (Tables)

6 Months Ended

Aug. 02, 2026

Investments, Debt and Equity Securities [Abstract]

Schedule of Cash Equivalents, Marketable Securities and Restricted Cash

The following tables summarize these assets by significant investment categories and their classification within the fair value hierarchy and in our condensed consolidated balance sheets at the end of fiscal 2026 and the second quarter of fiscal 2027 (in thousands):


	At the End of Fiscal 2026
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Cash Equivalents		Marketable Securities
Level 1
Money market accounts	$	—	$	—	$	—	$	297,462	$	297,462	$	—
Level 2
U.S. government treasury notes	289,069		790		(95)		289,764		19,387		270,377
U.S. government agencies	9,194		148		(1)		9,341		—		9,341
Corporate debt securities	335,347		2,341		(1)		337,687		—		337,687
Foreign government bonds	6,555		3		—		6,558		—		6,558
Asset-backed securities	47,768		324		—		48,092		—		48,092
Municipal bonds	20,381		18		(8)		20,391		—		20,391
Total	$	708,314	$	3,624	$	(105)	$	1,009,295	$	316,849	$	692,446


	At the End of the Second Quarter of Fiscal 2027
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Cash Equivalents		Marketable Securities
Level 1
Money market accounts	$	—	$	—	$	—	$	250,187	$	250,187	$	—

Level 2
U.S. government treasury notes	287,127		62		(2,315)		284,874		7,478		277,396
U.S. government agencies	7,372		5		(34)		7,343		—		7,343
Corporate debt securities	285,180		355		(664)		284,871		—		284,871
Foreign government bonds	3,149		—		(6)		3,143		—		3,143
Asset-backed securities	34,421		25		(68)		34,378		—		34,378
Municipal bonds	15,168		—		(102)		15,066		—		15,066
Total	$	632,417	$	447	$	(3,189)	$	879,862	$	257,665	$	622,197

Schedule of Amortized Cost and Estimated Fair Value

The amortized cost and estimated fair value of our marketable securities are shown below by contractual maturity (in thousands):


	At the End of the Second Quarter of Fiscal 2027
	Amortized Cost		Fair Value
Due within one year	$	176,724	$	176,940
Due in one to five years	445,387		442,434
Due in five to ten years	2,828		2,823
Total	$	624,939	$	622,197

Schedule of Gross Unrealized Losses and Fair Values

The following table presents the fair values and gross unrealized losses for those investments that were in a continuous unrealized loss position at the end of fiscal 2026 and the second quarter of fiscal 2027, aggregated by investment category (in thousands):


	At the End of Fiscal 2026
	Less than 12 months
	Fair Value		Unrealized Loss
U.S. government treasury notes	$	85,422	$	(95)
U.S. government agencies	2,999		(1)
Corporate debt securities	942		(1)
Foreign government bonds	2,970		—

Municipal bonds	6,610		(8)
Total	$	98,943	$	(105)


	At the End of the Second Quarter of Fiscal 2027
	Less than 12 months
	Fair Value		Unrealized Loss
U.S. government treasury notes	$	235,913	$	(2,315)
U.S. government agencies	4,146		(34)
Corporate debt securities	117,722		(664)
Foreign government bonds	3,143		(6)
Asset-backed securities	23,539		(68)
Municipal bonds	14,867		(102)
Total	$	399,330	$	(3,189)