Equity Incentive Plans (Tables)
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6 Months Ended |
Aug. 02, 2026 |
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| Share-Based Payment Arrangement [Abstract] |
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| Schedule of Stock Option Activity Under Equity Incentive Plans and Related Information |
A summary of the stock option activity under our equity incentive plans and related information is as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | Options Outstanding | | Number of
Shares | | Weighted-
Average
Exercise Price | | Weighted-
Average
Remaining
Contractual Life (in years) | | Aggregate
Intrinsic
Value (in thousands) | | Balance at the end of fiscal 2026 | 1,142,394 | | | $ | 13.80 | | | 1.7 | | $ | 64,144 | | | Options exercised | (1,074,224) | | | 14.12 | | | | | | Balance at the end of the second quarter of fiscal 2027 | 68,170 | | | $ | 1.89 | | | 3.4 | | $ | 5,132 | | Vested and exercisable at the end of the second quarter of fiscal 2027 | 68,170 | | | $ | 1.89 | | | 3.4 | | $ | 5,132 | |
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| Schedule of Share-based Compensation, Restricted Stock Units Award Activity |
A summary of the RSUs activity under our 2015 Plan and related information is as follows: | | | | | | | | | | | | | | | | | | | Number of
RSUs Outstanding | | Weighted-
Average
Grant Date
Fair Value | | Aggregate
Intrinsic
Value (in thousands) | Unvested balance at the end of fiscal 2026 | 17,340,284 | | | $ | 44.32 | | | $ | 1,205,843 | | Granted | 8,064,353 | | | 68.38 | | | | | Vested | (4,632,816) | | | 40.37 | | | | Forfeited or canceled (1) | (961,873) | | | 50.00 | | | | Unvested balance at the end of the second quarter of fiscal 2027 | 19,809,948 | | | $ | 54.76 | | | $ | 1,528,734 | |
_________________________________ (1) Represents the number of shares granted under the RSU awards that were forfeited due to termination of employment or canceled.
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| Schedule of Share-Based Payment Arrangement, Performance Restricted Stock Unit, Activity |
A summary of the PRSUs and LTP Awards activity under our 2015 Plan and related information is as follows: | | | | | | | | | | | | | | | | | | | PRSUs and LTP Awards | | Number of
Shares Outstanding | | Weighted-
Average
Grant Date
Fair Value | | Aggregate
Intrinsic
Value (in thousands) | Unvested balance at the end of fiscal 2026 | 6,817,793 | | | $ | 29.26 | | | $ | 474,109 | | | Granted | 2,942,173 | | | 63.30 | | | | Vested and earned (1) | (1,351,984) | | | 52.20 | | | | | | | | | | Forfeited (2) | (569,660) | | | 27.86 | | | | Unvested balance at the end of the second quarter of fiscal 2027 | 7,838,322 | | | $ | 38.18 | | | $ | 604,883 | |
____________________________________ (1) Represents the number of shares earned in which the service condition has also been satisfied. (2) Represents the number of shares granted under the PRSU and LTP awards that were forfeited due to termination of employment.
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| Schedule of Components of Stock-Based Compensation |
The following table summarizes the components of stock-based compensation expense recognized in the condensed consolidated statements of operations (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Second Quarter of Fiscal | | First Two Quarters of Fiscal | | 2026 | | 2027 | | 2026 | | 2027 | | Cost of revenue—product | $ | 4,149 | | | $ | 5,336 | | | $ | 7,415 | | | $ | 9,468 | | | Cost of revenue—subscription services | 8,559 | | | 10,287 | | | 15,721 | | | 18,442 | | Research and development | 60,354 | | | 80,010 | | | 109,596 | | | 140,341 | | | Sales and marketing | 26,527 | | | 33,461 | | | 48,611 | | | 62,624 | | | General and administrative | 17,804 | | | 30,721 | | | 32,325 | | | 51,004 | | Total stock-based compensation expense, net of amounts capitalized (1) | $ | 117,393 | | | $ | 159,815 | | | $ | 213,668 | | | $ | 281,879 | |
_________________________________ (1) Stock-based compensation expense capitalized was $2.1 million and $2.4 million during the second quarter of fiscal 2026 and 2027, and $4.0 million and $4.5 million during the first two quarters of fiscal 2026 and 2027.
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