v3.26.1
Balance Sheet Components (Tables)
 6 Months Ended
Aug. 02, 2026
Balance Sheet Components Disclosure [Abstract]  
Schedule of Inventory
Inventory consists of the following (in thousands):
At the End of
Fiscal 2026
Second Quarter of Fiscal 2027
Raw materials$39,970 $81,933 
Finished goods35,965 24,367 
Inventory$75,935 $106,300 
Schedule of Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets consist of the following (in thousands):
At the End of
Fiscal 2026
Second Quarter of Fiscal 2027
Prepaid expenses$80,283 $83,044 
Other receivables (1)
249,990 903,723 
Other current assets25,742 38,878 
Total prepaid expenses and other current assets$356,015 $1,025,645 
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(1) Primarily consists of receivables from our contract manufacturers for component purchases made and sold to our contract manufacturers and tax-related receivables.
Schedule of Property and Equipment, Net
Property and equipment, net consists of the following (in thousands):
 
At the End of
Fiscal 2026
Second Quarter of Fiscal 2027
Test and infrastructure equipment (1)
$499,903 $509,562 
Computer equipment and software488,355 599,292 
Furniture and fixtures14,609 17,093 
Leasehold improvements114,510 123,243 
Capitalized software development costs95,301 108,934 
Total property and equipment1,212,678 1,358,124 
Less: accumulated depreciation and amortization(625,656)(670,174)
Property and equipment, net$587,022 $687,950 
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(1) Includes finance lease right-of-use assets. Refer to Note 9.
Schedule of Intangible Assets, Net
Intangible assets, net consist of the following (in thousands):
 
At the End of
Fiscal 2026
Second Quarter of Fiscal 2027
Gross Carrying ValueAccumulated AmortizationNet Carrying AmountGross Carrying ValueAccumulated AmortizationNet Carrying Amount
Technology patents$20,875 $(19,370)$1,505 $20,875 $(20,043)$832 
Developed technology84,536 (80,506)4,030 93,736 (82,522)11,214 
Customer relationships6,459 (4,928)1,531 11,959 (5,576)6,383 
In-progress research and development— — — 2,800 — 2,800 
Customer contract backlog— — — 2,000 (161)1,839 
Trade name and trademarks (1)
3,903 (3,623)280 3,893 (3,623)270 
Intangible assets, net$115,773 $(108,427)$7,346 $135,263 $(111,925)$23,338 
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(1) Includes direct costs to obtain these indefinite-lived assets in connection with our name change in February 2026.
Schedule of Expected Amortization Expenses for Intangible Assets
At the end of the second quarter of fiscal 2027, future expected amortization expense for intangible assets is as follows (in thousands):
Fiscal Years EndingEstimated Future
Amortization Expense
Remainder of 2027$2,514 
20284,800 
20293,843 
20302,904 
20312,504 
Thereafter
3,703 
Total$20,268 
Schedule of Goodwill
The change in the carrying amount of goodwill is as follows (in thousands):
Amount
Balance at the end of fiscal 2026$365,075 
Goodwill acquired
101,238 
Balance at the end of the second quarter of fiscal 2027
$466,313 
Schedule of Accrued Expenses and Other Liabilities
Accrued expenses and other liabilities consist of the following (in thousands):
At the End of
Fiscal 2026
Second Quarter of Fiscal 2027
Taxes payable$14,044 $17,118 
Accrued sales, marketing and partner liabilities67,563 69,653 
Engineering-related accruals (1)
6,352 7,655 
Supply chain-related accruals (2)
12,961 17,256 
Accrued service logistics and professional services13,570 16,095 
Customer deposits from contracts with customers32,905 28,555 
Other accrued liabilities36,943 36,245 
Total accrued expenses and other liabilities$184,338 $192,577 
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(1) Primarily consists of subscription cloud services and outside services costs.
(2) Primarily consists of accruals related to our inventory and inventory purchase commitments with our contract manufacturers.