v3.26.3
NET INCOME (LOSS) PER COMMON SHARE (Tables)
9 Months Ended
Sep. 30, 2026
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Net Income (Loss) Per Share
The following table sets forth the computation of basic and diluted net income (loss) per share:
Three Months Ended September 30,Nine Months Ended September 30,
(In thousands, except per share amounts)
2026202520262025
Net income, as reported$2,167,335 $292,683 $2,537,820 $202,204 
Adjustment for the elimination of interest expense on the convertible debt
2,067 1,608 7,091 — 
Net income, for use in diluted income per share$2,169,402 $294,291 $2,544,911 $202,204 
Weighted-average common shares — basic
133,828 131,447 133,444 130,590 
Effect of dilutive securities:
Convertible debt2,255 1,583 2,255 — 
Options to purchase common stock, inclusive of performance-based stock options1,305 2,454 1,605 2,245 
Restricted stock units, inclusive of performance-based restricted stock units
650 1,847 877 1,304 
Employee stock purchase program
2 17 3 7 
Weighted-average common shares — diluted
138,040 137,348 138,184 134,146 
Net income per common share — basic$16.19 $2.23 $19.02 $1.55 
Net income per common share — diluted$15.72 $2.14 $18.42 $1.51 
Schedule of Common Share Equivalents Excluded from the Calculation of Net Loss Per Common Share
The following table sets forth the potential weighted-average common shares excluded from the calculation of diluted net income (loss) per common share because their inclusion would be anti-dilutive:
Three Months Ended
September 30,
Nine Months Ended
September 30,
(In thousands)2026202520262025
Options to purchase common stock, inclusive of performance-based stock options424 — 298 157 
Unvested restricted stock units, inclusive of performance-based restricted stock units933 3 581 7 
Convertible debt— 1,788 — 3,491 
Total1,357 1,791 879 3,655