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SEGMENT REPORTING (Tables)

9 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

Consolidated segment income and expenses

The following table presents revenue, significant expenses and net income for the three and nine months ended September 30, 2025 and September 30, 2024:

			Three Months Ended												Nine Months Ended
			September 30, 2025						September 30, 2024						September 30, 2025						September 30, 2024
			(In thousands)
Revenue			$	1,338,838					$	1,215,499					$	3,856,645					$	3,285,283
Costs and Expenses:
Salary, benefits and other employee-related costs			511,603						501,163						1,575,868						1,440,413
Stock based compensation			116,073						109,013						342,011						284,711
Manufacturing costs			90,504						74,831						273,653						195,540
Facilities and other infrastructure costs			49,960						45,440						141,075						129,559
Depreciation and amortization			56,677						55,050						163,269						142,252
Professional services			47,584						37,069						117,727						114,744
Loss related to contingent liability(1)			—						—						128,545						—
Restructuring			27,394						24,538						27,332						24,785
Other segment items(2)			41,852						27,419						47,809						(16,650)
Interest income			(24,627)						(16,933)						(76,827)						(35,330)
Interest expense			29,035						24,495						87,101						46,092
Provision for income taxes			105,661						95,303						308,330						243,893
Net income			$	287,122					$	238,111					$	720,752					$	715,274

_____________

(1) For information regarding the loss related to a contingent liability, see Note 16 in the notes to condensed consolidated financial statements.

(2) Other segment items include direct costs for advertising, marketing events, travel, entertainment, bad debt and other operating expense categories that are not considered significant individually. It also includes non-operating expenses such as gains and losses on investments, foreign currency and other non-operating expenses that are not considered significant individually.

Summary of revenue by geography

The following table presents a summary of revenue by geography for the three and nine months ended September 30, 2025 and September 30, 2024:

			Three Months Ended												Nine Months Ended
			September 30, 2025						September 30, 2024						September 30, 2025						September 30, 2024
			(In thousands)
Americas:
United States			$	532,119					$	580,489					$	1,692,351					$	1,523,181
Other Americas			43,002						24,913						111,686						63,920
Total Americas			575,121						605,402						1,804,037						1,587,101
Asia:
China			245,015						156,678						505,113						401,716
Other Asia			242,721						211,158						721,458						617,617
Total Asia			487,736						367,836						1,226,571						1,019,333
Europe, Middle East and Africa (“EMEA”)			189,551						174,606						585,480						496,183
Japan			86,430						67,655						240,557						182,666
Total			$	1,338,838					$	1,215,499					$	3,856,645					$	3,285,283

Summary of long-lived assets by geography

The following table presents a summary of long-lived assets by geography as of September 30, 2025 and December 31, 2024:

			As of
			September 30, 2025						December 31, 2024
			(In thousands)
Americas:
United States			$	440,893					$	412,339
Other Americas			10,641						7,437
Total Americas			451,534						419,776
Asia:
China			24,737						22,929
Other Asia			102,916						83,951
Total Asia			127,653						106,880
EMEA			86,723						73,551
Japan			3,398						4,183
Total			$	669,308					$	604,390

X

- Definition

Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

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Tabular disclosure of the names of foreign countries from which revenue is material and the amount of revenue from external customers attributed to those countries. An entity may also provide subtotals of geographic information about groups of countries.

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