
	September 30, 2026
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Cash Equivalents		Marketable Securities

	(In thousands)
Money market funds	$	44,150	$	—	$	—	$	44,150	$	44,150	$	—

Commercial paper	13,434		—		(29)		13,405		—		13,405
Corporate notes and bonds	241,120		31		(1,671)		239,480		—		239,480
U.S. Treasuries	84,150		—		(33)		84,117		19,970		64,147
U.S. Government agency securities	241,808		—		(1,659)		240,149		6,000		234,149
Total	$	624,662	$	31	$	(3,392)	$	621,301	$	70,120	$	551,181


	December 31, 2025
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Cash Equivalents		Marketable Securities

	(In thousands)
Money market funds	$	186,677	$	—	$	—	$	186,677	$	186,677	$	—
Certificates of deposit	14,506		9		—		14,515		—		14,515
Commercial paper	27,886		9		(2)		27,893		14,985		12,908
Corporate notes and bonds	371,895		1,493		(5)		373,383		—		373,383
U.S. Treasuries	93,613		26		—		93,639		29,885		63,754
U.S. Government agency securities	572,311		1,669		(4)		573,976		—		573,976
Total	$	1,266,888	$	3,206	$	(11)	$	1,270,083	$	231,547	$	1,038,536

The following table summarizes the contractual maturities of the Company’s cash equivalents and marketable securities as of September 30, 2026:


	Amortized Cost		Fair Value

	(In thousands)
Due within one year	$	375,900	$	375,274
Due within one to three years	248,762		246,027
Total	$	624,662	$	621,301

All available-for-sale securities have been classified as current based on management's intent and ability to use the funds in current operations.

As of September 30, 2026, the Company also holds equity securities measured at fair value with changes in fair value recognized in Other income (expense), net. Refer to Note 18, “Related Party Transactions” for additional information.


	Cost basis		Decrease in fair value		Fair value		Marketable Securities

	(In thousands)
Equity securities — SunPower common stock	$	490	$	(223)	$	267	$	267