v3.26.3
BALANCE SHEET COMPONENTS
 9 Months Ended
Sep. 30, 2026
Balance Sheet Related Disclosures [Abstract]  
BALANCE SHEET COMPONENTS BALANCE SHEET COMPONENTS
Inventories
Inventories consisted of the following (in thousands):
September 30,
2026		December 31,
2025
Raw materials$79,448 $107,801 
Work in process401,609 220,410 
Finished goods283,822 236,438 
Total$764,879 $564,649 
Other Current Assets
Other current assets consisted of the following (in thousands):
September 30,
2026		December 31,
2025
Prepaids and other$54,024 $46,982 
Other receivables (1)
- 60,000 
Total$54,024 $106,982 
____________________________
(1)Other receivables related to an annually refundable deposit made to a supplier under a long-term wafer supply agreement. The deposit was received in the quarter ended March 31, 2026.
Other Long-Term Assets
Other long-term assets consisted of the following (in thousands):
September 30,
2026		December 31,
2025
Deferred compensation plan assets$115,327 $107,096 
Refundable deposit (1)
80,000 - 
Operating lease right-of-use (“ROU”) assets26,840 24,886 
Other40,195 33,109 
Total$262,362 $165,091 
____________________________
(1)The refundable deposit as of September 30, 2026 was made for long-term assembly service and production capacity agreements.
Other Accrued Liabilities
Other accrued liabilities consisted of the following (in thousands):
September 30,
2026		December 31,
2025
Dividends and dividend equivalents$101,375 $81,510 
Stock rotation and sales returns31,960 17,150 
Income tax payable66,980 2,920 
Other67,342 43,550 
Total$267,657 $145,130 
As of September 30, 2026, stock rotation and sales returns included a $25.8 million stock rotation reserve, compared with a $15.0 million reserve as of December 31, 2025. The change in the reserve is affected by the timing of customer returns and the level of inventory in the distribution channel.
Other Long-Term Liabilities
Other long-term liabilities consisted of the following (in thousands):
September 30,
2026		December 31,
2025
Deferred compensation plan liabilities$108,246 $103,954 
Operating lease liabilities21,371 19,972 
Dividend equivalents3,232 3,909 
Total$132,849 $127,835