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Investments

6 Months Ended

Nov. 01, 2025

Investments

Investments

2. Investments

​

Investments consist of the following (in thousands):

​

​	​	​	​	​	​	​	​
​	​	November 1,		​	April 30,		​
​		2025			2025
Short-term investments:	​	​	​	​	​	​	​
Available-for-sale securities:	​	​	​	​	​	​	​
U.S. government securities	​	​	160,928	​	​	—	​
Corporate securities	​	​	68,118	​	​	—	​
Total short-term investments	​	​	229,046	​	​	—	​
Long-term investments:	​	​	​	​	​	​	​
Available-for-sale securities:	​	​	​	​	​	​	​
U.S. government securities	​	​	35,228	​	​	—	​
Equity securities and warrants	​	​	10,055	​	​	1,204	​
Total long-term available-for-sale securities investments	​		45,283	​		1,204	​
Equity method investments	​	​	​	​	​	​	​
Investments in limited partnership funds	​		35,687	​		30,423	​
Total equity method investments	​		35,687	​		30,423	​
Total long-term investments	​	$	80,970	​	$	31,627	​

​

Available-For-Sale Securities

​

As of November 1, 2025, the balance of available-for-sale securities consisted of U.S. government securities and high-grade corporate bonds. Interest earned from these investments is recorded in interest income (expense), net. Realized

gains on sales of these investments on the basis of specific identification are recorded in interest income (expense), net. As of April 30, 2025, the company held no available-for-sale securities.

​

The following table is a summary of the activity related to the available-for-sale investments recorded in short-term and long-term investments as of November 1, 2025 (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

November 1, 2025

​

​

​

​

​

Gross

​

Gross

​

​

​

​

​

Amortized

​

Unrealized

​

Unrealized

​

Fair

​

​

Cost

Gains

​

Losses

​

Value

Corporate securities

​

$

68,185

​

$

—

​

$

(67)

​

$

68,118

U.S. government securities

​

​

196,232

​

​

5

​

​

(81)

​

​

196,156

Total available-for-sale securities

​

$

264,417

​

$

5

​

$

(148)

​

$

264,274

​

Equity Securities

​

Equity securities and warrants are measured at fair value with net unrealized gains and losses from changes in the fair value recognized in other income (expense), net. Unrealized gain (loss) recorded (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended

​

Three Months Ended

​

Six Months Ended

​

Six Months Ended

​

​

November 1, 2025

​

October 26, 2024

​

November 1, 2025

​

October 26, 2024

Net gain (loss) recognized during the period on equity securities

​

$

6,150

​

$

54

​

$

8,851

​

$

(267)

Less: Net loss recognized during the period on equity securities sold during the period

​

​

—

​

​

—

​

​

—

​

​

—

Unrealized gain (loss) recognized during the period on equity securities still held at the reporting date

​

$

6,150

​

$

54

​

$

8,851

​

$

(267)

​

X

- References

No definition available.

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- Definition

The entire disclosure for investments in certain debt and equity securities.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 940
-SubTopic 320
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/940-320/tableOfContent

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Name Regulation S-K (SK)
-Number 229
-Section 1403
-Paragraph b
-Publisher SEC

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/320/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-10

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6B
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6B

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6B
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6B

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 320
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/942-320/tableOfContent

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