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INCOME TAXES (Tables) | 12 Months Ended
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Jun. 30, 2025
Income Tax Disclosure [Abstract] |
Schedule of Income before Income Taxes, Domestic and Foreign | The components of income before income taxes were as follows:
| Year Ended June 30,
(In thousands) | 2025 |  | 2024 |  | 2023
Domestic income before income taxes | $ | 3,070,097 |  |  | $ | 1,997,090 |  |  | $ | 2,017,338 |
Foreign income before income taxes | 1,574,351 |  |  | 1,192,942 |  |  | 1,771,852 |
Total income before income taxes | $ | 4,644,448 |  |  | $ | 3,190,032 |  |  | $ | 3,789,190 |
Schedule of Components of Income Tax Expense (Benefit) | The provision for income taxes was comprised of the following:
(In thousands) | Year Ended June 30,
2025 |  | 2024 |  | 2023
Current: |  |  |  |  |
Federal | $ | 624,002 |  |  | $ | 395,876 |  |  | $ | 553,197 |
State | 21,161 |  |  | 10,737 |  |  | 14,804 |
Foreign | 182,448 |  |  | 160,401 |  |  | 188,991 |
| 827,611 |  |  | 567,014 |  |  | 756,992 |
Deferred: |  |  |  |  |
Federal | (222,907) |  |  | (110,686) |  |  | (228,414) |
State | (5,433) |  |  | (2,770) |  |  | (4,295) |
Foreign | (16,466) |  |  | (25,422) |  |  | (122,444) |
| (244,806) |  |  | (138,878) |  |  | (355,153) |
Provision for income taxes | $ | 582,805 |  |  | $ | 428,136 |  |  | $ | 401,839 |
Schedule of Deferred Tax Assets and Liabilities | The significant components of deferred income tax assets and liabilities were as follows:
(In thousands) | As of June 30,
2025 |  | 2024
Deferred tax assets: |  |  |
Capitalized R&D expenses | $ | 447,043 |  |  | $ | 328,061 |
Tax credits and net operating losses | 327,618 |  |  | 311,026 |
Depreciation and amortization | 190,256 |  |  | 151,371 |
Inventory reserves | 135,121 |  |  | 121,238 |
Employee benefits accrual | 106,746 |  |  | 95,461 |
Non-deductible reserves | 69,790 |  |  | 53,668 |
Unearned revenue | 48,372 |  |  | 25,532 |
SBC | 18,835 |  |  | 15,375 |
Other | 43,843 |  |  | 12,785 |
Gross deferred tax assets | 1,387,624 |  |  | 1,114,517 |
Valuation allowance | (310,599) |  |  | (289,534) |
Net deferred tax assets | $ | 1,077,025 |  |  | $ | 824,983 |
Deferred tax liabilities: |  |  |
Unremitted earnings of foreign subsidiaries not indefinitely reinvested | $ | (360,544) |  |  | $ | (315,231) |
Deferred profit | (41,378) |  |  | (70,204) |
Unrealized gain on investments | (16,278) |  |  | (10,949) |
Total deferred tax liabilities | (418,200) |  |  | (396,384) |
Total net deferred tax assets | $ | 658,825 |  |  | $ | 428,599 |
Schedule of Effective Income Tax Rate Reconciliation | The reconciliation of the U.S. federal statutory income tax rate to our effective income tax rate was as follows:
| Year Ended June 30,
| 2025 |  | 2024 |  | 2023
Federal statutory rate | 21.0 | % |  | 21.0 | % |  | 21.0 | %
GILTI | 2.9 | % |  | 3.7 | % |  | 3.4 | %
Goodwill impairment | 1.1 | % |  | 1.7 | % |  | — | %
Net change in tax reserves | 0.3 | % |  | 1.1 | % |  | — | %
State income taxes, net of federal benefit | 0.3 | % |  | 0.3 | % |  | 0.2 | %
Effect of SBC | — | % |  | — | % |  | 0.1 | %
Foreign derived intangible income | (6.6) | % |  | (5.9) | % |  | (5.7) | %
Effect of foreign operations taxed at various rates | (5.1) | % |  | (6.6) | % |  | (7.1) | %
R&D tax credit | (1.1) | % |  | (1.6) | % |  | (1.5) | %
Other | (0.3) | % |  | (0.3) | % |  | 0.2 | %
Effective income tax rate | 12.5 | % |  | 13.4 | % |  | 10.6 | %
Reconciliation of Gross Unrecognized Tax Benefits | A reconciliation of gross unrecognized tax benefits was as follows:
| Year Ended June 30,
(In thousands) | 2025 |  | 2024 |  | 2023
Unrecognized tax benefits at the beginning of the year | $ | 245,707 |  |  | $ | 213,092 |  |  | $ | 217,927 |
Increases for tax positions taken in current year | 35,429 |  |  | 40,209 |  |  | 44,590 |
Increases for tax positions taken in prior years | 10,862 |  |  | 23,291 |  |  | 434 |
Decreases for lapsing of statutes of limitations | (17,100) |  |  | (4,119) |  |  | (888) |
Decreases for tax positions taken in prior years | (11,607) |  |  | (26,766) |  |  | (3,929) |
Decreases for settlements with taxing authorities | (4,687) |  |  | — |  |  | (45,042) |
Unrecognized tax benefits at the end of the year | $ | 258,604 |  |  | $ | 245,707 |  |  | $ | 213,092 |

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