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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net income $ 102,658 $ 438,936 $ 397,362
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 81,389 74,708 58,775
Net accretion of discount on marketable securities (8,599) (15,561) (2,632)
Provision for credit losses 6,677 1,153 119
Asset impairment 28,843 10,603 1,200
Non-cash interest expense 8,650 8,380 8,167
Net gain from change in fair value of debt securities (1,967) (8,078) (735)
Stock-based compensation 211,360 212,857 216,802
Deferred income taxes (58,319) (43,348) 3,633
Changes in operating assets and liabilities:      
Accounts receivable 211,640 (12,478) (107,556)
Inventory 48,591 (63,887) (75,273)
Prepaid expenses and other assets (134,343) (59,777) (68,423)
Accounts payable, accrued and other liabilities (85,536) (22,149) 133,416
Warranty obligations 3,802 57,641 57,773
Deferred revenues 98,847 117,780 122,189
Net cash provided by operating activities 513,693 696,780 744,817
Cash flows from investing activities:      
Purchases of property and equipment (33,604) (110,401) (46,443)
Investments in private companies 0 (15,000) (16,000)
Business acquisitions, net of cash acquired 0 0 (62,162)
Purchases of marketable securities (1,184,649) (2,081,431) (907,430)
Maturities and sale of marketable securities 1,346,520 1,840,477 660,129
Net cash provided by (used in) investing activities 128,267 (366,355) (371,906)
Cash flows from financing activities:      
Partial settlement of convertible notes (7) 0 0
Proceeds from issuance of common stock under employee equity plans 12,688 13,870 10,370
Payment of withholding taxes related to net share settlement of equity awards (78,813) (120,646) (27,496)
Repurchase of common stock (391,364) (409,998) 0
Payment of excise tax on net stock repurchases (2,773) 0 0
Net cash used in financing activities (460,269) (516,774) (17,126)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (6,323) 1,853 (1,857)
Net increase (decrease) in cash, cash equivalents and restricted cash 175,368 (184,496) 353,928
Cash and cash equivalents—Beginning of period 288,748 473,244 119,316
Cash, cash equivalents and restricted cash—End of period 464,116 288,748 473,244
Reconciliation of cash, cash equivalents and restricted cash to the consolidated balance sheets      
Cash and cash equivalents 369,110 288,748 473,244
Restricted cash 95,006 0 0
Total cash, cash equivalents and restricted cash 464,116 288,748 473,244
Supplemental cash flow disclosure:      
Cash paid for interest 255 455 455
Cash paid for income taxes 32,660 74,706 33,168
Supplemental disclosures of non-cash investing and financing activities:      
Purchases of property and equipment included in accounts payable 11,188 10,141 17,396
Purchases of property and equipment through tenant improvement allowance $ 0 $ 0 $ 748