v3.26.3
CASH EQUIVALENTS AND MARKETABLE SECURITIES (Tables)
 9 Months Ended
Sep. 30, 2026
Cash and Cash Equivalents [Abstract]  
Schedule of Debt Securities, Available-for-Sale
Cash equivalents and marketable securities consisted of the following:
September 30, 2026
Amortized CostGross Unrealized GainsGross Unrealized LossesFair ValueCash EquivalentsMarketable Securities
(In thousands)
Money market funds$44,150 $— $— $44,150 $44,150 $— 
Commercial paper13,434 — (29)13,405 — 13,405 
Corporate notes and bonds241,120 31 (1,671)239,480 — 239,480 
U.S. Treasuries84,150 — (33)84,117 19,970 64,147 
U.S. Government agency securities241,808 — (1,659)240,149 6,000 234,149 
Total$624,662 $31 $(3,392)$621,301 $70,120 $551,181 
December 31, 2025
Amortized CostGross Unrealized GainsGross Unrealized LossesFair ValueCash EquivalentsMarketable Securities
(In thousands)
Money market funds$186,677 $— $— $186,677 $186,677 $— 
Certificates of deposit14,506 9 — 14,515 — 14,515 
Commercial paper27,886 9 (2)27,893 14,985 12,908 
Corporate notes and bonds371,895 1,493 (5)373,383 — 373,383 
U.S. Treasuries93,613 26 — 93,639 29,885 63,754 
U.S. Government agency securities572,311 1,669 (4)573,976 — 573,976 
Total$1,266,888 $3,206 $(11)$1,270,083 $231,547 $1,038,536 
Schedule of Investments Classified by Contractual Maturity Date
The following table summarizes the contractual maturities of the Company’s cash equivalents and marketable securities as of September 30, 2026:
Amortized CostFair Value
(In thousands)
Due within one year$375,900 $375,274 
Due within one to three years248,762 246,027 
Total$624,662 $621,301 
Schedule of Equity Securities Measured at Fair Value
Cost basisDecrease in fair valueFair valueMarketable Securities
(In thousands)
Equity securities — SunPower common stock$490 $(223)$267 $267