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Revenue (Tables) | 3 Months Ended
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Jun. 30, 2026
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | A summary of the Company’s disaggregated revenue is as follows:
|  | Three Months Ended June 30,
|  | External Customers |  | Related Parties |  | Total
(in millions) |  | 2026 |  | 2025 |  | 2026 |  | 2025 |  | 2026 |  | 2025
License and Other Revenue(1) |  | $ | 310 |  |  | $ | 255 |  |  | $ | 264 |  |  | $ | 213 |  |  | $ | 574 |  |  | $ | 468 |
Royalty Revenue |  | 591 |  |  | 470 |  |  | 124 |  |  | 115 |  |  | 715 |  |  | 585 |
Total Revenue |  | $ | 901 |  |  | $ | 725 |  |  | $ | 388 |  |  | $ | 328 |  |  | $ | 1,289 |  |  | $ | 1,053 |
(1) Includes over-time revenue of $288 million and $221 million, and point-in-time revenue of $286 million and $247 million, for the three months ended June 30, 2026 and 2025, respectively.
Schedule of Revenue from External Customers by Geographic Areas | The following table summarizes information pertaining to revenue from customers based on the principal headquarters address by geographic regions:
|  | Three Months Ended June 30, |  |
(in millions) |  | 2026 |  | 2025 |  |  |  |
United States |  | $ | 388 |  |  | $ | 382 |  |  |  |  |
PRC (1) |  | 200 |  |  | 209 |  |  |  |  |
Japan |  | 276 |  |  | 154 |  |  |  |  |
Taiwan |  | 176 |  |  | 146 |  |  |  |  |
Republic of Korea |  | 117 |  |  | 69 |  |  |  |  |
Other countries |  | 132 |  |  | 93 |  |  |  |  |
Total Revenue |  | $ | 1,289 |  |  | $ | 1,053 |  |  |  |  |
(1) “PRC” means the People’s Republic of China, including the Hong Kong Special Administrative Region and the Macau Special Administrative Region, but excluding Taiwan.
Schedule of Accounts Receivable | A summary of the components of accounts receivable, net is as follows:
|  | As of
(in millions) |  | June 30, 2026 |  | March 31, 2026
Accounts receivable |  | $ | 1,150 |  |  | $ | 1,331 |
Allowance for current expected credit losses |  | (31) |  |  | (31) |
Total accounts receivable, net |  | $ | 1,119 |  |  | $ | 1,300 |
Schedule of Allowance for Credit Losses | A summary of the movement in the allowance for current expected credit losses is as follows:
|  | Three Months Ended June 30, |  |
(in millions) |  | 2026 |  | 2025 |  |  |  |
Beginning balance |  | $ | 31 |  |  | $ | 20 |  |  |  |  |
Additional (reversal of) provision |  | — |  |  | (1) |  |  |  |  |
Ending balance |  | $ | 31 |  |  | $ | 19 |  |  |  |  |
Schedule of Reconciliation of Contract Liabilities | A reconciliation of the movement in contract liabilities is as follows:
|  | As of
(in millions) |  | June 30, 2026 |  | March 31, 2026
Beginning balance April 1, |  | $ | 1,046 |  |  | $ | 911 |
Customer prepayment and billing in advance of performance |  | 110 |  |  | 581 |
Revenue recognized in the period that was included in the contract liability balance at the beginning of the period |  | (138) |  |  | (149) |
Revenue recognized in the period that was included in the contract liability balance during the period |  | (79) |  |  | (297) |
Ending balance |  | $ | 939 |  |  | $ | 1,046 |

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- Definition Tabular disclosure of allowance for credit loss on right to consideration in exchange for good or service transferred to customer when right is conditioned on something other than passage of time. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 + Details
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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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- Definition Tabular disclosure of revenue attributed to country of domicile and foreign country from which revenue is derived if it is not provided as part of reportable segment information. Includes, but is not limited to, subtotal of geographical information about group of countries. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-3 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481990/310-10-45-2 + Details
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