Quarterly report pursuant to Section 13 or 15(d)

EQUITY AND LONG-TERM INCENTIVE COMPENSATION PLANS (Tables)

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EQUITY AND LONG-TERM INCENTIVE COMPENSATION PLANS (Tables)
 6 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Combined Activity Under Equity Incentive Plans
The following table summarizes the combined activity under our equity incentive plans:
(In thousands)
Available
 For Grant(1)
Balance as of June 30, 2024 10,240 
Restricted stock units granted(2)
(319)
RSUs granted adjustment(3)
62 
Restricted stock units canceled 36 
Balance as of December 31, 2024 10,019 
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(1)The number of restricted stock units (“RSU”) reflects the application of the award multiplier of 2.0x to calculate the impact of the award on the shares reserved under the 2023 Plan.
(2)Includes RSUs granted to senior management during the six months ended December 31, 2024 with performance-based vesting criteria (in addition to service-based vesting criteria for any of such RSUs that are deemed to have been earned) (“performance-based RSU”). This line item includes all such performance-based RSUs granted during the six months ended December 31, 2024 reported at the maximum possible number of shares that may ultimately be issuable if all applicable performance-based criteria are achieved at their maximum levels and all applicable service-based criteria are fully satisfied (0.2 million shares for the six months ended December 31, 2024 reflect the application of the multiplier described above).
(3)Represents the portion of RSUs granted with performance-based vesting criteria and reported at the actual number of shares issued upon achievement of the performance vesting criteria during the six months ended December 31, 2024.
Schedule of Stock-based Compensation Expense
The following table shows stock-based compensation expense for the indicated periods: 
Three Months Ended December 31, Six Months Ended December 31,
(In thousands) 2024 2023 2024 2023
Stock-based compensation expense by:
Costs of revenues $ 10,469  $ 8,082  $ 20,258  $ 15,751 
R&D 17,045  12,753  34,425  25,781 
SG&A 34,327  27,785  68,858  55,860 
Total stock-based compensation expense $ 61,841  $ 48,620  $ 123,541  $ 97,392 
Schedule of Restricted Stock Activity
The following table shows the activity and weighted-average grant date fair values for RSUs during the six months ended December 31, 2024:
Shares(1)
(In thousands)
 Weighted-Average
Grant Date
Fair Value
Outstanding RSUs as of June 30, 2024(2)
1,467  $ 424.66 
Granted(3)
160  $ 772.94 
Granted adjustments(4)
(31) $ 397.40 
Vested and released (257) $ 322.16 
Forfeited (18) $ 469.66 
Outstanding RSUs as of December 31, 2024(2)
1,321  $ 486.68 
__________________ 
(1)Share numbers reflect actual shares subject to awarded RSUs.
(2)Includes performance-based RSUs.
(3)This line item includes performance-based RSUs granted during the six months ended December 31, 2024 reported at the maximum possible number of shares that may ultimately be issuable if all applicable performance-based criteria are achieved at their maximum levels and all applicable service-based criteria are fully satisfied (0.1 million shares for the six months ended December 31, 2024, reflect the application of the multiplier described above).
(4)Represents the portion of RSUs granted with performance-based vesting criteria and reported at the actual number of shares issued upon achievement of the performance vesting criteria during the six months ended December 31, 2024.