v3.26.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 961.4 $ 917.7
Short-term marketable securities 856.5 1,081.0
Accounts receivable, net 1,186.2 1,216.1
Inventory 770.7 629.1
Prepaid and other current assets 141.2 189.4
Total current assets 3,916.0 4,033.3
Property and equipment, net 1,543.1 1,559.9
Operating lease right-of-use assets 83.7 77.4
Goodwill 24.0 24.2
Intangibles, net 89.4 70.8
Deferred tax assets 305.4 295.6
Other assets 277.2 278.7
Total assets 6,238.8 6,339.9
Current liabilities:    
Accounts payable and accrued liabilities 2,065.6 1,944.0
Accrued payroll and related expenses 159.7 169.2
Short-term operating lease liabilities 20.7 21.6
Other current liabilities 6.6 7.7
Total current liabilities 2,252.6 2,142.5
Long-term senior convertible notes 1,243.7 1,240.9
Long-term operating lease liabilities 77.5 73.4
Other long-term liabilities 129.6 137.1
Total liabilities 3,703.4 3,593.9
Commitments and contingencies (Note 5)
Stockholders’ equity:    
Preferred stock, $0.001 par value, 5.0 million shares authorized; no shares issued and outstanding at September 30, 2026 and December 31, 2025 0.0 0.0
Common stock, $0.001 par value, 800.0 million shares authorized; 412.7 million and 373.0 million shares issued and outstanding, respectively, at September 30, 2026; and 410.7 million and 384.8 million shares issued and outstanding, respectively, at December 31, 2025 0.4 0.4
Additional paid-in capital 2,425.3 2,281.5
Accumulated other comprehensive income 85.5 115.0
Retained earnings 3,157.6 2,433.9
Treasury stock, at cost; 39.7 million shares at September 30, 2026 and 25.9 million shares at December 31, 2025 (3,133.4) (2,084.8)
Total stockholders’ equity 2,535.4 2,746.0
Total liabilities and stockholders’ equity $ 6,238.8 $ 6,339.9