Subsequent Events |
6 Months Ended |
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Sep. 30, 2026 | |
| Subsequent Events [Abstract] | |
| Subsequent Events | Subsequent Events Acquisition of Arize AI, Inc. (“Arize”) On October 1, 2026, the Company acquired all of the outstanding equity of Arize, an AI observability and evaluation platform delivering continual learning for agents. This acquisition will enable the Company’s customers to evaluate, operate, and continuously improve AI applications from development through production at scale. The Company acquired Arize for consideration of $815.9 million of cash paid at closing and an aggregate 1.8 million shares of restricted common stock and RSUs, valued at $98.2 million as of the execution date. The shares of restricted stock are subject to release in the future and the RSUs will vest based on future service periods. These shares of restricted stock and RSUs will be recognized as share-based compensation over their respective future service periods. At closing, the Company also issued $26.0 million of additional RSUs to Arize employees which will vest based on future service periods. The Company is in the process of allocating the purchase consideration over the fair value of identifiable assets and liabilities assumed. The financial results of Arize will be included in the Company’s condensed consolidated financial statements from the date of acquisition. Authorization of New Share Repurchase Program On November 3, 2026, the Company announced a new share repurchase program under which it is authorized to purchase up to $1 billion of common stock from time to time on the open market or through privately negotiated transactions, including, without limitation, through Rule 10b5-1 trading plans, any other legally permissible means, or any combination of the foregoing. Share repurchases under the new authorization may commence upon full utilization of the Company’s share repurchase authorization that began on February 11, 2026. The new share repurchase program has no time limit and does not obligate the Company to acquire any specific dollar amount or to acquire any specific number of shares on any particular timetable or at all. The number of shares to be repurchased will depend on market conditions and other factors. Repurchases under the program are expected to be funded from a combination of existing cash balances and future cash flow.
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