| Schedule of Marketable Securities |
The amortized cost and fair value of our fixed income marketable securities as of the dates indicated below were as follows:
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| As of September 30, 2026 (In thousands) |
Amortized
Cost |
|
Gross
Unrealized
Gains |
|
Gross
Unrealized
Losses |
|
Fair
Value |
| Corporate debt securities |
$ |
1,321,654 |
|
|
$ |
438 |
|
|
$ |
(7,932) |
|
|
$ |
1,314,160 |
|
| Money market funds and other |
1,132,489 |
|
|
— |
|
|
— |
|
|
1,132,489 |
|
| Municipal securities |
16,901 |
|
|
— |
|
|
(50) |
|
|
16,851 |
|
| Sovereign securities |
33,969 |
|
|
1 |
|
|
(51) |
|
|
33,919 |
|
| U.S. Government agency securities |
79,159 |
|
|
34 |
|
|
(384) |
|
|
78,809 |
|
| U.S. Treasury securities |
1,374,698 |
|
|
49 |
|
|
(16,609) |
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|
1,358,138 |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
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| Subtotal |
3,958,870 |
|
|
522 |
|
|
(25,026) |
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|
3,934,366 |
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Add: Time deposits(1)
|
436,957 |
|
|
— |
|
|
— |
|
|
436,957 |
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| Less: Cash equivalents |
1,195,373 |
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|
— |
|
|
(2) |
|
|
1,195,371 |
|
Marketable securities(2)
|
$ |
3,200,454 |
|
|
$ |
522 |
|
|
$ |
(25,024) |
|
|
$ |
3,175,952 |
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|
|
|
|
|
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|
|
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| As of June 30, 2026 (In thousands) |
Amortized
Cost |
|
Gross
Unrealized
Gains |
|
Gross
Unrealized
Losses |
|
Fair
Value |
| Corporate debt securities |
$ |
1,304,718 |
|
|
$ |
1,123 |
|
|
$ |
(2,316) |
|
|
$ |
1,303,525 |
|
| Money market funds and other |
1,233,035 |
|
|
— |
|
|
— |
|
|
1,233,035 |
|
| Municipal securities |
23,417 |
|
|
12 |
|
|
(10) |
|
|
23,419 |
|
| Sovereign securities |
40,245 |
|
|
— |
|
|
(27) |
|
|
40,218 |
|
| U.S. Government agency securities |
75,848 |
|
|
81 |
|
|
(187) |
|
|
75,742 |
|
| U.S. Treasury securities |
1,363,089 |
|
|
266 |
|
|
(7,644) |
|
|
1,355,711 |
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
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| Subtotal |
4,040,352 |
|
|
1,482 |
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|
(10,184) |
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|
4,031,650 |
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Add: Time deposits(1)
|
490,231 |
|
|
— |
|
|
— |
|
|
490,231 |
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| Less: Cash equivalents |
1,316,087 |
|
|
— |
|
|
— |
|
|
1,316,087 |
|
Marketable securities(2)
|
$ |
3,214,496 |
|
|
$ |
1,482 |
|
|
$ |
(10,184) |
|
|
$ |
3,205,794 |
|
________________
(1) Time deposits excluded from fair value measurements.
(2) Excludes equity marketable securities.
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| Schedule of Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value |
The following table summarizes the fair value and gross unrealized losses of our investments that were in an unrealized loss position as of the dates indicated below, none of which were in a continuous loss position for 12 months or more:
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| As of September 30, 2026 (In thousands) |
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|
|
Fair Value |
|
Gross Unrealized Losses |
| Corporate debt securities |
|
|
|
|
|
|
|
|
$ |
977,020 |
|
|
$ |
(7,932) |
|
| Municipal securities |
|
|
|
|
|
|
|
|
16,851 |
|
|
(50) |
|
| Sovereign securities |
|
|
|
|
|
|
|
|
27,886 |
|
|
(51) |
|
| U.S. Government agency securities |
|
|
|
|
|
|
|
|
55,819 |
|
|
(384) |
|
| U.S. Treasury securities |
|
|
|
|
|
|
|
|
1,297,852 |
|
|
(16,609) |
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| Total |
|
|
|
|
|
|
|
|
$ |
2,375,428 |
|
|
$ |
(25,026) |
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|
|
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|
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| As of June 30, 2026 (In thousands) |
|
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|
|
|
|
|
|
Fair Value |
|
Gross Unrealized Losses |
| Corporate debt securities |
|
|
|
|
|
|
|
|
$ |
703,303 |
|
|
$ |
(2,316) |
|
| Municipal securities |
|
|
|
|
|
|
|
|
9,957 |
|
|
(10) |
|
| Sovereign securities |
|
|
|
|
|
|
|
|
37,200 |
|
|
(27) |
|
| U.S. Government agency securities |
|
|
|
|
|
|
|
|
47,855 |
|
|
(187) |
|
| U.S. Treasury securities |
|
|
|
|
|
|
|
|
1,185,956 |
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|
(7,644) |
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| Total |
|
|
|
|
|
|
|
|
$ |
1,984,271 |
|
|
$ |
(10,184) |
|
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| Schedule of Contractual Maturities of Securities |
The contractual maturities of securities classified as available-for-sale, regardless of their classification on our Condensed Consolidated Balance Sheets, as of the date indicated below were as follows:
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| As of September 30, 2026 (In thousands) |
Amortized Cost |
|
Fair Value |
| Due within one year |
$ |
1,418,011 |
|
|
$ |
1,415,383 |
|
| Due after one year through three years |
1,782,443 |
|
|
1,760,569 |
|
| Total |
$ |
3,200,454 |
|
|
$ |
3,175,952 |
|
|