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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2023
OPERATING ACTIVITIES:      
Net income $ 1,048,854 $ 1,152,666 $ 639,998
Reconciliation of net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 58,344 38,693 34,904
Amortization of debt discount and issuance costs 10,268 2,292 0
Stock-based compensation expense 314,452 231,507 54,433
Share of loss (income) from equity investee 6,211 (1,821) 3,633
Unrealized foreign currency exchange loss (gain) 18,832 (531) (2,619)
Loss on extinguishment of convertible notes 30,251 0 0
Deferred income taxes, net (214,638) (168,499) (92,969)
Other non-cash (income) expense, net (3,077) 12,343 (668)
Changes in operating assets and liabilities:      
Accounts receivable, net (including changes in related party balances of $5,801, $(721), and $2,925 in fiscal years 2025, 2024, and 2023, respectively) 533,341 (1,589,187) (311,897)
Inventories (355,606) (2,899,996) 100,042
Prepaid expenses and other assets (including changes in related party balances of $(1,806), $15,793, and $(3,320) in fiscal years 2025, 2024, and 2023, respectively) (229,107) (44,646) 8,313
Accounts payable (including changes in related party balances of $(35,543), $76,161, and $1,779 in fiscal years 2025, 2024, and 2023, respectively) (180,968) 679,190 127,135
Accrued liabilities (including changes in related party balances of $874, $(13,847), and $(4,659) in fiscal years 2025, 2024, and 2023, respectively) 272,404 92,942 (50,311)
Income taxes payable 32,043 (110,897) 87,423
Deferred revenue 315,006 111,927 70,587
Other long-term liabilities (including changes in related party balances of $608, $(178), and $(321) in fiscal years 2025, 2024, and 2023, respectively) 2,914 8,045 (4,424)
Net cash provided by (used in) operating activities 1,659,524 (2,485,972) 663,580
INVESTING ACTIVITIES:      
Purchases of property, plant, and equipment (including payments to related parties of $17,677, $10,625, and $7,844 in fiscal years 2025, 2024, and 2023, respectively) (127,214) (124,279) (36,793)
Investment in equity securities (56,000) (69,673) (500)
Acquisition, net of cash acquired 0 (296) (2,193)
Net cash used in investing activities (183,214) (194,248) (39,486)
FINANCING ACTIVITIES:      
Proceeds from lines of credit and term loans 1,387,991 2,156,529 1,093,860
Repayment of lines of credit and term loans (1,768,650) (1,967,545) (1,394,391)
Proceeds from exercise of stock options 20,898 29,453 30,466
Payment for withholding taxes related to settlement of equity awards (142,457) (174,354) (28,197)
Stock repurchases (200,000) 0 (149,998)
Issuances of common stock in public offerings, net of issuance costs of $42,575 0 2,313,983 0
Debt issuance costs in connection with amended 2029 Convertibles Notes (31,217) 0 0
Purchase of capped calls (182,215) (142,140) 0
Other 26 30 (33)
Net cash provided by (used in) financing activities 2,024,045 3,911,724 (448,293)
Effect of exchange rate fluctuations on cash 1,673 (2,191) (3,400)
Net increase in cash, cash equivalents and restricted cash 3,502,028 1,229,313 172,401
Cash, cash equivalents and restricted cash at beginning of year 1,670,273 440,960 268,559
Cash, cash equivalents and restricted cash at end of year 5,172,301 1,670,273 440,960
Supplemental disclosure of cash flow information:      
Cash paid for interest 25,490 16,015 8,541
Cash paid for taxes, net of refunds 327,158 392,020 114,963
Non-cash investing and financing activities:      
Unpaid property, plant, and equipment purchases (including due to related parties of $3,879, $2,339, and $810 as of June 30, 2025, 2024, and 2023, respectively) 16,208 19,613 2,181
Right of use (“ROU”) assets obtained in exchange for operating lease commitments 276,170 32,581 3,197
Transfer of inventory to property, plant, and equipment, net 8,260 12,535 0
Convertible Senior Notes Due 2029      
FINANCING ACTIVITIES:      
Proceeds from issuance of Convertible Notes, net of issuance costs 0 1,695,768 0
Convertible Senior Notes Due 2028      
FINANCING ACTIVITIES:      
Proceeds from issuance of Convertible Notes, net of issuance costs 683,696 0 0
Convertible Senior Notes Due 2030      
FINANCING ACTIVITIES:      
Proceeds from issuance of Convertible Notes, net of issuance costs $ 2,255,973 $ 0 $ 0