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v3.25.4

Segment and Geographic Information (Tables) | 12 Months Ended
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Dec. 31, 2025
Segment Reporting [Abstract] |
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas | The following table summarizes information about geographic areas (in thousands):
| United States |  | Europe |  | Greater China |  | Other |  | Total
Year Ended December 31, 2025 |  |  |  |  |  |  |  |  |
Revenue | $ | 329,125 |  |  | $ | 251,638 |  |  | $ | 158,456 |  |  | $ | 255,140 |  |  | $ | 994,359 |
Long-lived assets | 48,838 |  |  | 14,112 |  |  | 13,631 |  |  | 14,428 |  |  | $ | 91,009 |
Year Ended December 31, 2024 |  |  |  |  |  |  |  |  |
Revenue | $ | 306,766 |  |  | $ | 217,880 |  |  | $ | 164,147 |  |  | $ | 225,722 |  |  | $ | 914,515 |
Long-lived assets | 56,948 |  |  | 15,655 |  |  | 14,844 |  |  | 16,025 |  |  | $ | 103,472 |
Year Ended December 31, 2023 |  |  |  |  |  |  |  |  |
Revenue | $ | 288,324 |  |  | $ | 220,665 |  |  | $ | 164,115 |  |  | $ | 164,443 |  |  | $ | 837,547 |
Long-lived assets | 62,946 |  |  | 17,005 |  |  | 17,028 |  |  | 15,958 |  |  | $ | 112,937 |
Schedule of Segment Reporting Information, by Segment | The following table summarizes significant segment expenses, which represents the difference between segment revenue and segment net income, (in thousands):
| Year Ended December 31,
| 2025 |  | 2024 |  | 2023
Revenue | $ | 994,359 |  |  | $ | 914,515 |  |  | $ | 837,547 |
Less: |  |  |  |  |
Cost of revenue (1) | 328,966 |  |  | 288,721 |  |  | 236,306 |
Gross profit | 665,393 |  |  | 625,794 |  |  | 601,241 |
Less: |  |  |  |  |
Research, development, and engineering expenses |  |  |  |  |
Salaries and fringe benefits | 75,690 |  |  | 79,544 |  |  | 78,762 |
Incentive compensation (2) | 9,537 |  |  | 4,711 |  |  | 1,446 |
Stock-based compensation | 15,336 |  |  | 14,628 |  |  | 16,480 |
Depreciation and amortization | 2,628 |  |  | 3,229 |  |  | 3,056 |
Other segment expenses (3) | 35,779 |  |  | 37,703 |  |  | 39,656 |
Total research, development, and engineering expenses | 138,970 |  |  | 139,815 |  |  | 139,400 |
Selling, general, and administrative expenses |  |  |  |  |
Salaries and fringe benefits | 174,526 |  |  | 179,898 |  |  | 166,612 |
Incentive compensation (2) | 55,932 |  |  | 45,565 |  |  | 35,513 |
Stock-based compensation | 30,965 |  |  | 35,849 |  |  | 36,309 |
Depreciation and amortization | 15,759 |  |  | 16,936 |  |  | 11,759 |
Other segment expenses (3) | 86,675 |  |  | 92,666 |  |  | 88,946 |
Total selling, general, and administrative expenses | 363,857 |  |  | 370,914 |  |  | 339,139 |
Loss (recovery) from fire | — |  |  | — |  |  | (8,000) |
Operating income | 162,566 |  |  | 115,065 |  |  | 130,702 |
Foreign currency gain (loss) | (4,082) |  |  | 1,531 |  |  | (10,039) |
Investment income | 16,950 |  |  | 13,971 |  |  | 14,093 |
Other income (expense) | 7,368 |  |  | 922 |  |  | 592 |
Income before income tax expense | 182,802 |  |  | 131,489 |  |  | 135,348 |
Income tax expense | 68,360 |  |  | 25,318 |  |  | 22,114 |
Net income | $ | 114,442 |  |  | $ | 106,171 |  |  | $ | 113,234 |
(1) Cost of revenue includes depreciation and amortization expense (including amortization of acquired technologies) of $12,406,000, $12,524,000, and $7,065,000 for 2025, 2024, and 2023, respectively. (2) Incentive compensation includes company bonus and sales commissions. (3) Other segment expenses include outside services, prototyping materials, sales demonstration equipment, travel and entertainment, marketing programs, rent, and allocations, among other less significant expenses.

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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