v3.25.0.1
Financial Statements Details (Tables)
 12 Months Ended
Dec. 31, 2024
Balance Sheet Components [Abstract]  
Schedule of Inventories
Inventories consist of the following (in thousands):
December 31,
20242023
Raw materials $565,379 $930,777 
Finished goods(1)
1,269,193 1,014,403 
Total inventories $1,834,572 $1,945,180 
(1) The balance as of December 31, 2024 includes evaluation inventory held at customers or partners of $422.1 million. Evaluation inventory as of December 31, 2023 was not material.
Schedule of Property and Equipment, net
Property and equipment, net consists of the following (in thousands):
 December 31,
20242023
Land$47,189 $44,645 
Equipment and machinery 160,673 144,850 
Computer hardware and software 63,941 57,761 
Furniture and fixtures 3,526 3,576 
Leasehold improvements 34,712 34,584 
Construction-in-process 8,209 4,242 
Property and equipment, gross 318,250 289,658 
Less: accumulated depreciation (219,405)(188,078)
Property and equipment, net $98,845 $101,580 
Schedule of Accrued Liabilities
Accrued liabilities consist of the following (in thousands):
 December 31,
20242023
Accrued compensation-related costs$147,847 $134,225 
Supplier liability63,786 167,878 
Accrued manufacturing costs110,169 61,491 
Other113,475 43,708 
Total accrued liabilities $435,277 $407,302 
Schedule of Contract Liabilities and Deferred Revenue The following table summarizes the activity related to our contract liabilities (in thousands):
Year Ended December 31,
20242023
Contract liabilities, beginning balance$133,239 $103,448 
Less: Revenue recognized from beginning balance(58,300)(43,286)
Less: Beginning balance reclassified to deferred revenue(3,772)(3,185)
Add: Contract liabilities recognized89,623 76,262 
Contract liabilities, ending balance$160,790 $133,239 
The following table summarizes the activity related to our deferred revenue (in thousands):
Year Ended December 31,
20242023
Deferred revenue, beginning balance$1,506,204 $1,041,246 
Less: Revenue recognized from beginning balance(860,187)(615,681)
Add: Deferral of revenue in current period, excluding amounts recognized during the period2,145,398 1,080,639 
Deferred revenue, ending balance$2,791,415 $1,506,204 
Schedule of Other Income, Net
Other income, net consists of the following (in thousands):
Year Ended December 31,
202420232022
Other income (expense), net:
Interest income$310,998 $152,421 $27,556 
Other income (expense)9,420 12,356 27,134 
Total other income, net$320,418 $164,777 $54,690