Quarterly report [Sections 13 or 15(d)]

EQUITY AND LONG-TERM INCENTIVE COMPENSATION PLANS (Tables)

v3.25.3
EQUITY AND LONG-TERM INCENTIVE COMPENSATION PLANS (Tables)
 3 Months Ended
Sep. 30, 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, 2025 9,574 
Restricted stock units granted(2)
(295)
Restricted stock units granted adjustment(3)
53 
Restricted stock units canceled 24 
Balance as of September 30, 2025 9,356 
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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 three months ended September 30, 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 three months ended September 30, 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 three months ended September 30, 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 three months ended September 30, 2025.
Schedule of Stock-based Compensation Expense
The following table shows stock-based compensation (“SBC”) expense for the indicated periods: 
Three Months Ended September 30,
(In thousands) 2025 2024
SBC expense by:
Costs of revenues $ 12,235  $ 9,789 
R&D 21,358  17,380 
SG&A 36,589  34,531 
Total SBC expense $ 70,182  $ 61,700 
Schedule of Restricted Stock Activity
The following table shows the activity and weighted-average grant date fair values for RSUs during the three months ended September 30, 2025:
Shares(1)
(In thousands)
 Weighted-Average
Grant Date
Fair Value
Outstanding RSUs as of June 30, 2025(2)
1,292  $ 536.30 
Granted(3)
148  $ 901.81 
Granted adjustments(4)
(27) $ 397.40 
Vested and released (206) $ 429.18 
Forfeited (12) $ 562.53 
Outstanding RSUs as of September 30, 2025(2)
1,195  $ 602.78 
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(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 three months ended September 30, 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 three months ended September 30, 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 three months ended September 30, 2025.