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MARKETABLE SECURITIES (Tables)

3 Months Ended

Sep. 30, 2025

Investments, Debt and Equity Securities [Abstract]

Schedule of Marketable Securities

The amortized cost and fair value of our fixed income marketable securities as of the dates indicated below were as follows:

As of September 30, 2025 (In thousands)			Amortized Cost						Gross Unrealized Gains						Gross Unrealized Losses						Fair Value
Corporate debt securities			$	1,013,675					$	5,274					$	(25)					$	1,018,924
Money market funds and other			1,334,414						—						—						1,334,414
Municipal securities			55,054						178						—						55,232
U.S. Government agency securities			104,751						511						(9)						105,253
U.S. Treasury securities			1,035,880						3,927						(131)						1,039,676
Subtotal			3,543,774						9,890						(165)						3,553,499
Add: Time deposits(1)			593,606						—						—						593,606
Less: Cash equivalents			1,434,263						—						—						1,434,263
Marketable securities(2)			$	2,703,117					$	9,890					$	(165)					$	2,712,842

As of June 30, 2025 (In thousands)			Amortized Cost						Gross Unrealized Gains						Gross Unrealized Losses						Fair Value
Corporate debt securities			$	957,256					$	4,456					$	(66)					$	961,646
Money market funds and other			1,531,022						—						—						1,531,022
Municipal securities			57,445						129						(1)						57,573
U.S. Government agency securities			116,436						458						(58)						116,836
U.S. Treasury securities			885,101						2,787						(329)						887,559
Subtotal			3,547,260						7,830						(454)						3,554,636
Add: Time deposits(1)			478,191						—						—						478,191
Less: Cash equivalents			1,641,074						1						(1)						1,641,074
Marketable securities(2)			$	2,384,377					$	7,829					$	(453)					$	2,391,753

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(1) Time deposits excluded from fair value measurements.

(2) Excludes equity marketable securities.

Schedule of Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value

The following table summarizes the fair value and gross unrealized losses of our investments that were in an unrealized loss position as of the dates indicated below.

As of September 30, 2025			Less than 12 Months												12 Months or Greater												Total
(In thousands)			Fair Value						Gross Unrealized Losses						Fair Value						Gross Unrealized Losses						Fair Value						Gross Unrealized Losses
Corporate debt securities			$	43,079					$	(25)					$	—					$	—					$	43,079					$	(25)
Municipal securities			12,511						—						—						—						12,511						—
U.S. Government agency securities			13,974						(9)						—						—						13,974						(9)
U.S. Treasury securities			136,636						(106)						21,483						(25)						158,119						(131)
Total			$	206,200					$	(140)					$	21,483					$	(25)					$	227,683					$	(165)

As of June 30, 2025			Less than 12 Months												12 Months or Greater												Total
(In thousands)			Fair Value						Gross Unrealized Losses						Fair Value						Gross Unrealized Losses						Fair Value						Gross Unrealized Losses
Corporate debt securities			$	98,149					$	(63)					$	2,528					$	(3)					$	100,677					$	(66)
Municipal securities			5,774						(1)						—						—						5,774						(1)
U.S. Government agency securities			32,780						(58)						—						—						32,780						(58)
U.S. Treasury securities			238,627						(297)						20,330						(32)						258,957						(329)
Total			$	375,330					$	(419)					$	22,858					$	(35)					$	398,188					$	(454)

Schedule of Contractual Maturities of Securities

The contractual maturities of securities classified as available-for-sale, regardless of their classification on our Condensed Consolidated Balance Sheets, as of the date indicated below were as follows:

As of September 30, 2025 (In thousands)			Amortized Cost						Fair Value
Due within one year			$	1,352,766					$	1,355,096
Due after one year through three years			1,350,351						1,357,746
Total			$	2,703,117					$	2,712,842

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Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
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-Paragraph 4
-Publisher FASB
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