REVENUE RECOGNITION (Tables)

9 Months Ended

Sep. 30, 2025

Revenue from Contract with Customer [Abstract]

Disaggregated revenue by primary geographical market and timing of revenue recognition for the Company’s single product line were as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024

	(In thousands)
Primary geographical markets:
United States	$	349,982	$	284,033	$	884,550	$	632,719




International	60,445		96,840		245,114		314,951
Total	$	410,427	$	380,873	$	1,129,664	$	947,670

Timing of revenue recognition:
Products delivered at a point in time	$	383,001	$	348,669	$	1,034,952	$	854,406
Products and services delivered over time	27,426		32,204		94,712		93,264
Total	$	410,427	$	380,873	$	1,129,664	$	947,670

Schedule of Contract Assets and Contract Liabilities, and Changes in Balances from Contracts with Customers

Accounts receivable, and contract assets and contract liabilities from contracts with customers, were as follows:


	September 30, 2025		December 31, 2024

	(In thousands)
Accounts receivable	$	265,513	$	223,749
Long-term accounts receivable (Other assets)	15,297		—

Short-term contract assets (Prepaid expenses and other current assets)	34,659		42,001
Long-term contract assets (Other assets)	112,268		110,954


Short-term contract liabilities (Deferred revenues, current)	111,493		237,225
Long-term contract liabilities (Deferred revenues, non-current)	345,710		341,982

Significant changes in the balances of contract assets (prepaid expenses and other assets) as of September 30, 2025 were as follows (in thousands):


Contract Assets
Contract assets, beginning of period	$	152,955
Amount recognized	(26,144)
Increased due to billings	20,116
Contract assets, end of period	$	146,927

Significant changes in contract liabilities (deferred revenue) as of September 30, 2025 were as follows (in thousands):


Contract Liabilities
Contract liabilities, beginning of period	$	579,207
Revenue recognized	(204,984)

Increased due to billings	82,980

Contract liabilities, end of period	$	457,203

Schedule of Estimated Revenue Expected to be Recognized in Future Periods

Estimated revenue expected to be recognized in future periods related to performance obligations that are unsatisfied or partially unsatisfied at the end of the reporting period were as follows:


	September 30, 2025
	(In thousands)
Fiscal year:
2025 (remaining three months)	$	28,936
2026	109,542
2027	101,155
2028	88,202
2029	70,858
Thereafter	58,510
Total	$	457,203