Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2026

Intangible Asset, Goodwill and Other [Abstract]

6. Goodwill and Intangible Assets

The changes in the carrying amount of goodwill for the six months ended June 30, 2026 were as follows:


	Goodwill
	(in thousands)
Balance as of December 31, 2025	$	1,720,769
Goodwill acquired	60,758
Foreign currency translation	(1,394)
Balance as of June 30, 2026	$	1,780,133

Intangible assets consisted of the following:


	As of June 30, 2026
	Weighted- Average Remaining Useful Life (Years)	Gross Carrying Amount		Accumulated Amortization		Net

	(in thousands, except years)


Technology	3.2	$	302,371	$	(223,383)	$	78,988

Patents	8.8	16,788		(5,372)		11,416
Other	4.7	4,827		(925)		3,902
Total intangible assets		$	323,986	$	(229,680)	$	94,306


	As of December 31, 2025
	Weighted- Average Remaining Useful Life (Years)	Gross Carrying Amount		Accumulated Amortization		Net

	(in thousands, except years)


Technology	2.6	$	328,234	$	(274,464)	$	53,770

Patents	8.9	30,172		(17,485)		12,687
Other	3.3	835		(679)		156
Total intangible assets		$	359,241	$	(292,628)	$	66,613

Amortization of intangible assets was $10.7 million and $21.6 million for the three and six months ended June 30, 2026, respectively, and $12.1 million and $23.6 million for the three and six months ended June 30, 2025, respectively.

As of June 30, 2026, the estimated intangible asset amortization expense for the next five years and thereafter is as follows:


	Estimated Amortization
	(in thousands)
Remainder of 2026	$	15,642
2027	30,722
2028	20,215
2029	14,986
2030	6,500
Thereafter	6,241
Total	$	94,306