v3.26.3
STOCK-BASED COMPENSATION (Tables)
 9 Months Ended
Sep. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of the Components of Total Stock-Based Compensation Expense
The following table summarizes the components of total stock-based compensation expense included in the condensed consolidated statements of operations for the periods presented:
Three Months Ended
September 30,		Nine Months Ended
September 30,
2026202520262025
(In thousands)
Cost of revenues$3,646 $4,105 $10,896 $12,655 
Research and development17,125 20,488 53,528 62,616 
Sales and marketing12,865 14,493 39,945 47,546 
General and administrative9,407 12,383 31,067 37,593 
Restructuring— — 152 588 
Total$43,043 $51,469 $135,588 $160,998 
Schedule of Stock-Based Compensation Associated with Each Type of Award
The following table summarizes the various types of stock-based compensation expense for the periods presented:
Three Months Ended
September 30,		Nine Months Ended
September 30,
2026202520262025
(In thousands)
RSUs and PSUs$42,102 $50,138 $131,032 $156,980 
ESPP941 1,331 4,556 4,018 
Total$43,043 $51,469 $135,588 $160,998 
Schedule of Restricted Stock Unit Activity
The following table summarizes RSU activity:
Number of
Shares
Outstanding		Weighted-
Average
Fair Value
per Share at
Grant Date		Weighted-
Average
Remaining
Contractual
Term
Aggregate
Intrinsic
Value(1)
(In thousands)(Years)(In thousands)
Outstanding at December 31, 20253,800 $69.01 1.5$121,780 
Granted1,102 $40.33 
Vested(1,066)$91.91 $43,765 
Canceled(442)$60.07 
Outstanding at September 30, 20263,394 $53.66 1.4$111,956 
Expected to vest at September 30, 20263,394 $53.66 1.4$111,956 
(1) The intrinsic value of RSUs vested is based upon the value of the Company’s stock when vested. The intrinsic value of RSUs outstanding and expected to vest as of September 30, 2026 is based on the closing price of the last trading day during the period ended September 30, 2026. The Company’s stock fair value used in this computation was $32.99 per share.
Schedule of Share-based Compensation, Performance Shares Award Outstanding Activity
The following table summarizes PSU activity:
Number of
Shares
Outstanding		Weighted-
Average
Fair Value
per Share at
Grant Date		Weighted-
Average
Remaining
Contractual
Term
Aggregate
Intrinsic
Value(1)
(In thousands)(Years)(In thousands)
Outstanding at December 31, 20251,640 $110.34 1.1$52,541 
Granted1,348 $48.04 
Vested(554)$64.95 $23,368 
Canceled(247)$213.56 
Outstanding at September 30, 20262,187 $71.74 1.3$72,137 
Expected to vest at September 30, 20262,187 $71.74 1.3$72,137 
(1) The intrinsic value of PSUs vested is based upon the value of the Company’s stock when vested. The intrinsic value of PSUs outstanding and expected to vest as of September 30, 2026 is based on the closing price of the last trading day during the period ended September 30, 2026. The Company’s stock fair value used in this computation was $32.99 per share.