| 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, 2025 (In thousands) |
Amortized
Cost |
|
Gross
Unrealized
Gains |
|
Gross
Unrealized
Losses |
|
Fair
Value |
| Corporate debt securities |
$ |
1,013,675 |
|
|
$ |
5,274 |
|
|
$ |
(25) |
|
|
$ |
1,018,924 |
|
| Money market funds and other |
1,334,414 |
|
|
— |
|
|
— |
|
|
1,334,414 |
|
| Municipal securities |
55,054 |
|
|
178 |
|
|
— |
|
|
55,232 |
|
|
|
|
|
|
|
|
|
| U.S. Government agency securities |
104,751 |
|
|
511 |
|
|
(9) |
|
|
105,253 |
|
| U.S. Treasury securities |
1,035,880 |
|
|
3,927 |
|
|
(131) |
|
|
1,039,676 |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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| Subtotal |
3,543,774 |
|
|
9,890 |
|
|
(165) |
|
|
3,553,499 |
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Add: Time deposits(1)
|
593,606 |
|
|
— |
|
|
— |
|
|
593,606 |
|
| Less: Cash equivalents |
1,434,263 |
|
|
— |
|
|
— |
|
|
1,434,263 |
|
Marketable securities(2)
|
$ |
2,703,117 |
|
|
$ |
9,890 |
|
|
$ |
(165) |
|
|
$ |
2,712,842 |
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|
|
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|
|
|
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|
|
|
|
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| As of June 30, 2025 (In thousands) |
Amortized
Cost |
|
Gross
Unrealized
Gains |
|
Gross
Unrealized
Losses |
|
Fair
Value |
| Corporate debt securities |
$ |
957,256 |
|
|
$ |
4,456 |
|
|
$ |
(66) |
|
|
$ |
961,646 |
|
| Money market funds and other |
1,531,022 |
|
|
— |
|
|
— |
|
|
1,531,022 |
|
| Municipal securities |
57,445 |
|
|
129 |
|
|
(1) |
|
|
57,573 |
|
|
|
|
|
|
|
|
|
| U.S. Government agency securities |
116,436 |
|
|
458 |
|
|
(58) |
|
|
116,836 |
|
| U.S. Treasury securities |
885,101 |
|
|
2,787 |
|
|
(329) |
|
|
887,559 |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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| Subtotal |
3,547,260 |
|
|
7,830 |
|
|
(454) |
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|
3,554,636 |
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Add: Time deposits(1)
|
478,191 |
|
|
— |
|
|
— |
|
|
478,191 |
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| Less: Cash equivalents |
1,641,074 |
|
|
1 |
|
|
(1) |
|
|
1,641,074 |
|
Marketable securities(2)
|
$ |
2,384,377 |
|
|
$ |
7,829 |
|
|
$ |
(453) |
|
|
$ |
2,391,753 |
|
________________
(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.
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|
|
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| As of September 30, 2025 |
Less than 12 Months |
|
12 Months or Greater |
|
Total |
| (In thousands) |
Fair Value |
|
Gross
Unrealized
Losses |
|
Fair Value |
|
Gross
Unrealized
Losses |
|
Fair Value |
|
Gross
Unrealized
Losses |
| Corporate debt securities |
$ |
43,079 |
|
|
$ |
(25) |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
43,079 |
|
|
$ |
(25) |
|
| Municipal securities |
12,511 |
|
|
— |
|
|
— |
|
|
— |
|
|
12,511 |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. Government agency securities |
13,974 |
|
|
(9) |
|
|
— |
|
|
— |
|
|
13,974 |
|
|
(9) |
|
| U.S. Treasury securities |
136,636 |
|
|
(106) |
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|
21,483 |
|
|
(25) |
|
|
158,119 |
|
|
(131) |
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| Total |
$ |
206,200 |
|
|
$ |
(140) |
|
|
$ |
21,483 |
|
|
$ |
(25) |
|
|
$ |
227,683 |
|
|
$ |
(165) |
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|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| As of June 30, 2025 |
Less than 12 Months |
|
12 Months or Greater |
|
Total |
| (In thousands) |
Fair Value |
|
Gross
Unrealized
Losses |
|
Fair Value |
|
Gross
Unrealized
Losses |
|
Fair Value |
|
Gross
Unrealized
Losses |
| Corporate debt securities |
$ |
98,149 |
|
|
$ |
(63) |
|
|
$ |
2,528 |
|
|
$ |
(3) |
|
|
$ |
100,677 |
|
|
$ |
(66) |
|
| Municipal securities |
5,774 |
|
|
(1) |
|
|
— |
|
|
— |
|
|
5,774 |
|
|
(1) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. Government agency securities |
32,780 |
|
|
(58) |
|
|
— |
|
|
— |
|
|
32,780 |
|
|
(58) |
|
| U.S. Treasury securities |
238,627 |
|
|
(297) |
|
|
20,330 |
|
|
(32) |
|
|
258,957 |
|
|
(329) |
|
| Total |
$ |
375,330 |
|
|
$ |
(419) |
|
|
$ |
22,858 |
|
|
$ |
(35) |
|
|
$ |
398,188 |
|
|
$ |
(454) |
|
|
| 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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|
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| As of September 30, 2025 (In thousands) |
Amortized Cost |
|
Fair Value |
| Due within one year |
$ |
1,352,766 |
|
|
$ |
1,355,096 |
|
| Due after one year through three years |
1,350,351 |
|
|
1,357,746 |
|
| Total |
$ |
2,703,117 |
|
|
$ |
2,712,842 |
|
|