Quarterly report [Sections 13 or 15(d)]

EQUITY AND LONG-TERM INCENTIVE COMPENSATION PLANS (Tables)

v3.25.1
EQUITY AND LONG-TERM INCENTIVE COMPENSATION PLANS (Tables)
 9 Months Ended
Mar. 31, 2025
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)
(337)
Restricted stock units granted adjustment(3)
62 
Restricted stock units canceled 54 
Balance as of March 31, 2025 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 nine months ended March 31, 2025 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 nine months ended March 31, 2025 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 nine months ended March 31, 2025 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 nine months ended March 31, 2025.
Schedule of Stock-based Compensation Expense
The following table shows stock-based compensation expense for the indicated periods: 
Three Months Ended March 31, Nine Months Ended March 31,
(In thousands) 2025 2024 2025 2024
Stock-based compensation expense by:
Costs of revenues $ 12,875  $ 9,803  $ 33,133  $ 25,554 
R&D 20,726  16,430  55,151  42,211 
SG&A 36,600  30,449  105,458  86,309 
Total stock-based compensation expense $ 70,201  $ 56,682  $ 193,742  $ 154,074 
Schedule of Restricted Stock Activity
The following table shows the activity and weighted-average grant date fair values for RSUs during the nine months ended March 31, 2025:
Shares(1)
(In thousands)
 Weighted-Average
Grant Date
Fair Value
Outstanding RSUs as of June 30, 2024(2)
1,467  $ 424.66 
Granted(3)
168  $ 771.76 
Granted adjustments(4)
(31) $ 397.40 
Vested and released (267) $ 326.60 
Forfeited (27) $ 469.75 
Outstanding RSUs as of March 31, 2025(2)
1,310  $ 489.08 
__________________ 
(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 nine months ended March 31, 2025 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 nine months ended March 31, 2025, 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 nine months ended March 31, 2025.