v3.26.3
Fair Value Measurements - Fair Value of Financial Assets and Liabilities (Details) - USD ($)
$ in Thousands
Jul. 31, 2026
Jul. 31, 2025
Financial Assets:    
Short-term investments: $ 1,584,155 $ 1,223,234
Level III    
Financial Assets:    
Assets, Noncurrent, Total 0  
Recurring    
Financial Assets:    
Total measured at fair value 1,921,564 1,629,767
Cash 439,899 362,969
Total cash, cash equivalents and short-term investments 2,361,463 1,992,736
Recurring | U.S. Government securities    
Financial Assets:    
Cash equivalents 5,987 21,703
Short-term investments: 614,067 413,105
Recurring | Convertible note receivable    
Financial Assets:    
Assets, Noncurrent, Total   5,460
Recurring | Corporate bonds    
Financial Assets:    
Short-term investments: 909,507 647,074
Recurring | Commercial paper    
Financial Assets:    
Cash equivalents 15,701 13,068
Short-term investments: 60,581 163,055
Recurring | Money market funds    
Financial Assets:    
Cash equivalents 315,721 371,762
Recurring | Level I    
Financial Assets:    
Total measured at fair value 315,721 371,762
Recurring | Level I | U.S. Government securities    
Financial Assets:    
Cash equivalents 0 0
Short-term investments: 0 0
Recurring | Level I | Convertible note receivable    
Financial Assets:    
Assets, Noncurrent, Total   0
Recurring | Level I | Corporate bonds    
Financial Assets:    
Short-term investments: 0 0
Recurring | Level I | Commercial paper    
Financial Assets:    
Cash equivalents 0 0
Short-term investments: 0 0
Recurring | Level I | Money market funds    
Financial Assets:    
Cash equivalents 315,721 371,762
Recurring | Level II    
Financial Assets:    
Total measured at fair value 1,605,843 1,258,005
Recurring | Level II | U.S. Government securities    
Financial Assets:    
Cash equivalents 5,987 21,703
Short-term investments: 614,067 413,105
Recurring | Level II | Convertible note receivable    
Financial Assets:    
Assets, Noncurrent, Total   0
Recurring | Level II | Corporate bonds    
Financial Assets:    
Short-term investments: 909,507 647,074
Recurring | Level II | Commercial paper    
Financial Assets:    
Cash equivalents 15,701 13,068
Short-term investments: 60,581 163,055
Recurring | Level II | Money market funds    
Financial Assets:    
Cash equivalents 0 0
Recurring | Level III    
Financial Assets:    
Total measured at fair value 0 [1] 0
Recurring | Level III | U.S. Government securities    
Financial Assets:    
Cash equivalents 0 [1] 0
Short-term investments: 0 [1] 0
Recurring | Level III | Convertible note receivable    
Financial Assets:    
Assets, Noncurrent, Total   5,460
Recurring | Level III | Corporate bonds    
Financial Assets:    
Short-term investments: 0 [1] 0
Recurring | Level III | Commercial paper    
Financial Assets:    
Cash equivalents 0 [1] 0
Short-term investments: 0 [1] 0
Recurring | Level III | Money market funds    
Financial Assets:    
Cash equivalents $ 0 [1] $ 0
[1] During the fourth quarter of fiscal 2026, we determined that the fair value of the convertible note received as part of the sale of the Frame Desktop-as-a-Service business, previously considered a Level III financial asset, was zero. As such, we wrote off the asset and recognized a loss of $5.5 million within other income (expense) in the consolidated statement of operations for the fiscal year ended July 31 2026.