EVERPURE, INC., 10-Q filed on 6/5/2026
Quarterly Report
v3.26.1
Cover - shares
 3 Months Ended
May 03, 2026
Jun. 01, 2026
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date May 03, 2026  
Document Transition Report false  
Entity File Number 001-37570  
Entity Registrant Name Everpure, Inc.  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 27-1069557  
Entity Address, Address Line One 2555 Augustine Dr.  
Entity Address, City or Town Santa Clara  
Entity Address, State or Province CA  
Entity Address, Postal Zip Code 95054  
City Area Code 800  
Local Phone Number 379-7873  
Title of 12(b) Security Class A Common Stock, $0.0001 par value per share  
Trading Symbol P  
Security Exchange Name NYSE  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   332,404,932
Amendment Flag false  
Document Fiscal Year Focus 2027  
Document Fiscal Period Focus Q1  
Entity Central Index Key 0001474432  
Current Fiscal Year End Date --01-31  
v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
May 03, 2026
Feb. 01, 2026
Current assets:    
Cash and cash equivalents $ 837,794 $ 854,873
Marketable securities 666,955 692,446
Accounts receivable, net of allowance of $203 and $203 886,811 944,844
Inventory 77,940 75,935
Deferred commissions, current 143,364 139,379
Prepaid expenses and other current assets 437,017 356,015
Total current assets 3,049,881 3,063,492
Property and equipment, net 613,917 587,022
Operating lease right-of-use assets 201,816 185,975
Deferred commissions, non-current 288,885 280,190
Intangible assets, net 5,342 7,346
Goodwill 365,075 365,075
Restricted cash 8,285 7,687
Other assets, non-current 216,746 177,472
Total assets 4,749,947 4,674,259
Current liabilities:    
Accounts payable 173,207 153,312
Accrued compensation and benefits 236,221 347,205
Accrued expenses and other liabilities 181,942 184,338
Operating lease liabilities, current 45,366 44,080
Deferred revenue, current 1,249,675 1,181,055
Total current liabilities 1,886,411 1,909,990
Operating lease liabilities, non-current 185,595 172,063
Deferred revenue, non-current 1,127,682 1,046,442
Other liabilities, non-current 108,121 100,096
Total liabilities 3,307,809 3,228,591
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Preferred stock, par value of $0.0001 per share— 20,000 shares authorized; no shares issued and outstanding 0 0
Class A and Class B common stock, par value of $0.0001 per share— 2,250,000 (Class A 2,000,000, Class B 250,000) shares authorized; 330,353 and 332,054 Class A shares issued and outstanding 33 33
Additional paid-in capital 2,600,471 2,624,757
Accumulated other comprehensive income (loss) (1,613) 1,709
Accumulated deficit (1,156,753) (1,180,831)
Total stockholders’ equity 1,442,138 1,445,668
Total liabilities and stockholders’ equity $ 4,749,947 $ 4,674,259
v3.26.1
Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands
May 03, 2026
Feb. 01, 2026
Accounts receivable, allowance $ 203 $ 203
Preferred stock, par value (in dollars per share) $ 0.0001 $ 0.0001
Preferred stock, shares authorized (in shares) 20,000,000 20,000,000
Preferred stock, shares issued (in shares) 0 0
Preferred stock, shares outstanding (in shares) 0 0
Common stock, shares authorized (in shares) 2,250,000,000 2,250,000,000
Class A common stock    
Common stock, par value per share (in dollars per share) $ 0.0001 $ 0.0001
Common stock, shares authorized (in shares) 2,000,000,000 2,000,000,000
Common stock, shares issued (in shares) 332,054,000 330,353,000
Common stock, shares outstanding (in shares) 332,054,000 330,353,000
Class B common stock    
Common stock, par value per share (in dollars per share) $ 0.0001 $ 0.0001
Common stock, shares authorized (in shares) 250,000,000 250,000,000
v3.26.1
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
May 03, 2026
May 04, 2025
Total revenue $ 1,052,896 $ 778,485
Total cost of revenue 329,564 242,332
Gross profit 723,332 536,153
Operating expenses:    
Research and development 259,092 221,740
Sales and marketing 347,856 278,512
General and administrative 96,445 67,072
Total operating expenses 703,393 567,324
Income (loss) from operations 19,939 (31,171)
Other income (expense), net 13,931 31,655
Income before provision for income taxes 33,870 484
Provision for income taxes 9,792 14,479
Net income (loss) $ 24,078 $ (13,995)
Net income (loss) per share attributable to common stockholders, basic (in dollars per share) $ 0.07 $ (0.04)
Net income (loss) per share attributable to common stockholders, diluted (in dollars per share) $ 0.07 $ (0.04)
Weighted-average shares used in computing net income (loss) per share attributable to common stockholders, basic (in shares) 331,152 326,539
Weighted-average shares used in computing net income (loss) per share attributable to common stockholders, diluted (in shares) 343,493 326,539
Product    
Total revenue $ 576,544 $ 372,144
Total cost of revenue 204,544 141,050
Subscription services    
Total revenue 476,352 406,341
Total cost of revenue $ 125,020 $ 101,282
v3.26.1
Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Thousands
 3 Months Ended
May 03, 2026
May 04, 2025
Statement of Comprehensive Income [Abstract]    
Net income (loss) $ 24,078 $ (13,995)
Other comprehensive income (loss):    
Unrealized net gains (losses) on available-for-sale securities (3,083) 974
Less: reclassification adjustment for net gains on available-for-sale securities included in net income (239) (97)
Change in unrealized net gains (losses) on available-for-sale securities (3,322) 877
Comprehensive income (loss) $ 20,756 $ (13,118)
v3.26.1
Condensed Consolidated Statements of Stockholders’ Equity - USD ($)
shares in Thousands, $ in Thousands
Total
Common Stock
Additional Paid-in Capital
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Beginning balance (in shares) at Feb. 02, 2025   326,102      
Beginning balance at Feb. 02, 2025 $ 1,306,475 $ 33 $ 2,674,500 $ 954 $ (1,369,012)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Issuance of common stock upon exercise of stock options (in shares)   348      
Issuance of common stock upon exercise of stock options 5,363   5,363    
Stock-based compensation expense 98,178   98,178    
Vesting of restricted stock units (in shares)   2,977      
Vesting of restricted stock units 0        
Tax withholding on vesting of restricted stock units (in shares)   (1,167)      
Tax withholding on vesting of restricted stock units (60,147)   (60,147)    
Common stock issued under employee stock purchase plan (in shares)   1,170      
Common stock issued under employee stock purchase plan 27,240   27,240    
Repurchase of common stock (in shares)   (2,492)      
Repurchases of common stock (119,936)   (119,936)    
Other comprehensive income (loss) 877     877  
Net income (loss) (13,995)       (13,995)
Ending balance (in shares) at May. 04, 2025   326,938      
Ending balance at May. 04, 2025 1,244,055 $ 33 2,625,198 1,831 (1,383,007)
Beginning balance (in shares) at Feb. 01, 2026   330,353      
Beginning balance at Feb. 01, 2026 1,445,668 $ 33 2,624,757 1,709 (1,180,831)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Issuance of common stock upon exercise of stock options (in shares)   562      
Issuance of common stock upon exercise of stock options 6,646   6,646    
Stock-based compensation expense 124,170   124,170    
Vesting of restricted stock units (in shares)   3,300      
Vesting of restricted stock units 0        
Tax withholding on vesting of restricted stock units (in shares)   (1,557)      
Tax withholding on vesting of restricted stock units (101,000)   (101,000)    
Common stock issued under employee stock purchase plan (in shares)   678      
Common stock issued under employee stock purchase plan 30,001   30,001    
Repurchase of common stock (in shares)   (1,282)      
Repurchases of common stock (84,103)   (84,103)    
Other comprehensive income (loss) (3,322)     (3,322)  
Net income (loss) 24,078       24,078
Ending balance (in shares) at May. 03, 2026   332,054      
Ending balance at May. 03, 2026 $ 1,442,138 $ 33 $ 2,600,471 $ (1,613) $ (1,156,753)
v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
May 03, 2026
May 04, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 24,078 $ (13,995)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 40,198 33,770
Stock-based compensation expense 122,064 96,275
Other 4,381 705
Changes in operating assets and liabilities, net of effects of acquisition:    
Accounts receivable, net 58,032 269,542
Inventory (2,768) 2,669
Deferred commissions (12,680) (3,657)
Prepaid expenses and other assets (117,076) (19,440)
Operating lease right-of-use assets 10,574 8,397
Accounts payable 16,254 (26,991)
Accrued compensation and other liabilities (102,069) (84,343)
Operating lease liabilities (10,684) (11,238)
Deferred revenue 149,860 32,242
Net cash provided by operating activities 180,164 283,936
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (68,414) (72,346)
Purchases of marketable securities and other (112,952) (114,896)
Sales of marketable securities 69,160 18,207
Maturities of marketable securities 66,712 57,253
Net cash used in investing activities (45,494) (111,782)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from exercise of stock options 6,646 5,359
Proceeds from issuance of common stock under employee stock purchase plan 30,001 27,240
Principal payments on borrowings and finance lease obligations (612) (1,125)
Tax withholding on vesting of equity awards (102,920) (61,300)
Repurchases of common stock (84,103) (119,936)
Net cash used in financing activities (150,988) (149,762)
Net increase (decrease) in cash, cash equivalents and restricted cash (16,318) 22,392
Cash, cash equivalents and restricted cash, beginning of period 864,979 737,750
Cash, cash equivalents and restricted cash, end of period 848,661 760,142
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD    
Cash and cash equivalents 837,794 739,336
Restricted cash 10,867 20,806
Cash, cash equivalents and restricted cash, end of period 848,661 760,142
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest 0 1,427
Cash paid for income taxes, net of refunds 876 8,273
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING INFORMATION    
Property and equipment purchased but not yet paid $ 23,071 $ 15,977
v3.26.1
Business Overview
 3 Months Ended
May 03, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Business Overview Business Overview
Organization and Description of Business
Everpure, Inc. (the Company, we, us, or other similar pronouns) was originally incorporated in the state of Delaware in October 2009 under the name OS76, Inc. In January 2010, we changed our name to Pure Storage, Inc. In February 2026, we changed our name to Everpure, Inc. to reflect our strategic evolution from redefining storage to rethinking data management, as we help customers unleash the power of data. We are headquartered in Santa Clara, California and have wholly owned subsidiaries throughout the world.
v3.26.1
Basis of Presentation and Summary of Significant Accounting Policies
 3 Months Ended
May 03, 2026
Accounting Policies [Abstract]  
Basis of Presentation and Summary of Significant Accounting Policies Basis of Presentation and Summary of Significant Accounting Policies
Basis of Presentation and Principles of Consolidation
We operate using a 52/53 week fiscal year ending on the first Sunday after January 30, which for fiscal 2026 was February 1, 2026 and for fiscal 2027 will be January 31, 2027. The first quarter of fiscal 2026 and 2027 ended on May 4, 2025 and May 3, 2026. Unless otherwise stated, all dates refer to our fiscal year and fiscal quarters.
The condensed consolidated financial statements include the accounts of the Company and our wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.
Unaudited Interim Consolidated Financial Information
The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (U.S. GAAP) and applicable rules and regulations of the Securities and Exchange Commission regarding interim financial reporting. Certain information and note disclosures normally included in the financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such rules and regulations. Therefore, these condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes included in our Annual Report on Form 10-K for fiscal 2026.
In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all normal recurring adjustments necessary to present fairly the financial position, results of operations, comprehensive income and cash flows for the interim periods, but are not necessarily indicative of the results of operations to be anticipated for the full fiscal year 2027 or any future period.
Use of Estimates
The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported and disclosed in the financial statements and accompanying notes. Actual results could differ from these estimates and assumptions due to risks and uncertainties. Such estimates include, but are not limited to, the determination of standalone selling price for revenue arrangements with multiple performance obligations when the price at which the performance obligation sold separately or observable past transactions are not available, useful lives of intangible assets and property and equipment, the period of benefit for deferred contract costs for commissions, fair value for certain stock-based awards, provision for income taxes including related reserves, fair value of leases and impairment of related right-of-use (ROU) assets. Management bases its estimates on historical experience and on various other assumptions which management believes to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities.
Restricted Cash
Restricted cash is associated with certain employee-related benefits. At the end of fiscal 2026 and the first quarter of fiscal 2027, we had restricted cash of $10.1 million and $10.9 million. Included in these amounts are $2.4 million and $2.6 million classified as prepaid expenses and other current assets in our condensed consolidated balance sheets.

Recent Accounting Pronouncements Not Yet Adopted
In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which requires additional disclosures of specific expense categories included within each expense caption presented on the Statements of Operations. The new standard can be applied on either a fully retrospective or prospective basis. ASU 2024-03 will be effective for our fiscal year beginning February 1, 2027, and interim periods within our fiscal year beginning February 7, 2028, with early adoption permitted. We are currently evaluating the impact of this standard on our financial statement disclosures.
In September 2025, the FASB issued ASU 2025-06, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use-Software, which amends the cost capitalization criteria for internal-use software development costs by removing all references to software project development stages and providing new guidance on how to evaluate whether the probable-to-complete recognition threshold has been met. The new standard can be applied on either a fully retrospective, modified transition, or prospective basis. ASU 2025-06 will be effective for our fiscal years beginning after fiscal 2028 and interim periods within those fiscal years, with early adoption permitted. We are currently evaluating the impact of this standard on our consolidated financial statements.
In December 2025, the FASB issued ASU 2025-11, Interim Reporting (Topic 270): Narrow-Scope Improvements, which clarifies that the interim reporting requirements in Topic 270 apply to all entities that issue interim financial statements prepared in accordance with U.S. GAAP and consolidates such requirements within Topic 270. The amendments provide a comprehensive list within Topic 270 of required interim disclosures, establish a principle requiring disclosure of events or changes occurring after the end of the most recent annual reporting period that have a material impact on interim results, and clarifies the form and content requirements applicable to interim financial statements. ASU 2025-11 will be effective for our fiscal year beginning February 7, 2028, with early adoption permitted. We do not expect the adoption of this guidance to have a material impact on our consolidated financial statements and related disclosures.
v3.26.1
Financial Instruments
 3 Months Ended
May 03, 2026
Investments, Debt and Equity Securities [Abstract]  
Financial Instruments Financial Instruments
Fair Value Measurements
We define fair value as the exchange price that would be received from sale of an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. We measure our financial assets and liabilities at fair value at each reporting period using a fair value hierarchy which requires us to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. A financial instrument’s classification within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement.
Three levels of inputs may be used to measure fair value:
•Level 1 - Observable inputs are unadjusted quoted prices in active markets for identical assets or liabilities;
•Level 2 - Observable inputs are quoted prices for similar assets and liabilities in active markets or inputs other than quoted prices that are observable for the assets or liabilities, either directly or indirectly through market corroboration, for substantially the full term of the financial instruments; and
•Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. These inputs are based on our own assumptions used to measure assets and liabilities at fair value and require significant management judgment or estimation.
We measure our cash equivalents and marketable securities at fair value on a recurring basis. We classify these assets within Level 1 or Level 2 because they are valued using either quoted market prices or inputs other than quoted prices which are directly or indirectly observable in the market, including readily-available pricing sources for the identical underlying security which may not be actively traded. Our fixed income available-for-sale securities consist of high quality, investment grade securities from diverse issuers. The valuation techniques used to measure the fair value of our marketable securities were derived from non-binding market consensus prices that are corroborated by observable market data or quoted market prices for similar instruments.
The following tables summarize these assets by significant investment categories and their classification within the fair value hierarchy and in our condensed consolidated balance sheets at the end of fiscal 2026 and the first quarter of fiscal 2027 (in thousands):
 At the End of Fiscal 2026
 Amortized
Cost		Gross Unrealized
Gains		Gross Unrealized
Losses		Fair
Value
Cash
Equivalents
Marketable
Securities
Level 1     
Money market accounts$— $— $— $297,462 $297,462 $— 
Level 2     
U.S. government treasury notes289,069 790 (95)289,764 19,387 270,377 
U.S. government agencies9,194 148 (1)9,341 — 9,341 
Corporate debt securities335,347 2,341 (1)337,687 — 337,687 
Foreign government bonds6,555 3 — 6,558 — 6,558 
Asset-backed securities47,768 324 — 48,092 — 48,092 
Municipal bonds20,381 18 (8)20,391 — 20,391 
Total$708,314 $3,624 $(105)$1,009,295 $316,849 $692,446 
 
At the End of the First Quarter of Fiscal 2027
 
Cost or Amortized
Cost
Gross Unrealized
Gains		Gross Unrealized
Losses		Fair
Value
Cash
Equivalents
Marketable
Securities
Level 1
Money market accounts$— $— $— $601,223 $601,223 $— 
Level 2      
U.S. government treasury notes303,873 212 (967)303,118 47,196 255,922 
U.S. government agencies9,193 200 — 9,393 — 9,393 
Corporate debt securities338,355 997 (280)339,072 — 339,072 
Foreign government bonds1,484 — (1)1,483 — 1,483 
Asset-backed securities41,974 114 (27)42,061 — 42,061 
Municipal bonds19,075 1 (52)19,024 — 19,024 
Total$713,954 $1,524 $(1,327)$1,315,374 $648,419 $666,955 
The amortized cost and estimated fair value of our marketable securities are shown below by contractual maturity (in thousands):
 
At the End of the First Quarter of Fiscal 2027
 Amortized CostFair Value
Due within one year$220,882 $221,528 
Due in one to five years445,683 445,234 
Due in five to ten years193 193 
Total$666,758 $666,955 
Unrealized losses on our marketable securities have not been recorded into income because we do not intend to sell nor is it more likely than not that we will be required to sell these investments prior to recovery of their amortized cost basis. The fair value of our marketable securities is impacted by the interest rate environment and related credit spreads. The credit ratings associated with our marketable securities are highly rated and the issuers continue to make timely principal and interest payments. As a result, there were no credit or non-credit impairment charges recorded in the first quarter of fiscal 2026 and 2027. The following table presents the fair values and gross unrealized losses for those investments that were in a continuous unrealized loss position at the end of fiscal 2026 and the first quarter of fiscal 2027, aggregated by investment category (in thousands):
At the End of Fiscal 2026
Less than 12 months
Fair
Value		Unrealized
Loss
U.S. government treasury notes$85,422 $(95)
U.S. government agencies2,999 (1)
Corporate debt securities942 (1)
Foreign government bonds2,970 — 
Municipal bonds6,610 (8)
Total$98,943 $(105)

At the End of the First Quarter of Fiscal 2027
 Less than 12 months
 Fair
Value		Unrealized
Loss
U.S. government treasury notes$175,407 $(967)
Corporate debt securities71,614 (280)
Foreign government bonds1,483 (1)
Asset-backed securities13,394 (27)
Municipal bonds15,917 (52)
Total$277,815 $(1,327)
Realized gains or losses on sale of marketable securities were not significant for all periods presented.
Strategic Investments
Strategic investments primarily include equity investments in privately-held companies without readily determinable fair values and in which we do not own a controlling interest or exercise significant influence. At the end of fiscal 2026 and the first quarter of 2027, the carrying amount of these investments was $14.1 million, included primarily in other assets, non-current in our condensed consolidated balance sheets.
Strategic investments that are remeasured due to an observable event or impairment are classified as Level 3 in the fair value hierarchy as nonrecurring fair value measurements may include observable and unobservable inputs. No remeasurements occurred during the first quarter of fiscal 2026 and 2027.
Other Financial Instruments
The investments held in our nonqualified deferred compensation plan trust are considered trading securities that are measured at fair value using Level 1 inputs. The fair value of these investments was $15.9 million and $19.6 million at the end of fiscal 2026 and the first quarter of fiscal 2027.
v3.26.1
Balance Sheet Components
 3 Months Ended
May 03, 2026
Balance Sheet Components Disclosure [Abstract]  
Balance Sheet Components Balance Sheet Components
Inventory
Inventory consists of the following (in thousands):
At the End of
Fiscal 2026
First Quarter of Fiscal 2027
Raw materials$39,970 $46,120 
Finished goods35,965 31,820 
Inventory$75,935 $77,940 
Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets consist of the following (in thousands):
 At the End of
 Fiscal 2026
First Quarter of Fiscal 2027
Prepaid expenses$80,283 $95,457 
Other receivables (1)
249,990 301,511 
Other current assets25,742 40,049 
Total prepaid expenses and other current assets$356,015 $437,017 
_________________________________
(1) Primarily consists of receivables from our contract manufacturers.
Property and Equipment, Net
Property and equipment, net consists of the following (in thousands):
 
At the End of
 Fiscal 2026
First Quarter of Fiscal 2027
Test and infrastructure equipment (1)
$499,903 $495,088 
Computer equipment and software488,355 523,227 
Furniture and fixtures14,609 16,932 
Leasehold improvements114,510 117,664 
Capitalized software development costs95,301 101,824 
Total property and equipment1,212,678 1,254,735 
Less: accumulated depreciation and amortization(625,656)(640,818)
Property and equipment, net$587,022 $613,917 
_________________________________
(1) Includes finance lease right-of-use assets. Refer to Note 8.
Depreciation and amortization expense related to property and equipment was $30.3 million and $38.8 million for the first quarter of fiscal 2026 and 2027.
Intangible Assets, Net
Intangible assets, net consist of the following (in thousands):
 
At the End of
 Fiscal 2026
First Quarter of Fiscal 2027
Gross Carrying ValueAccumulated AmortizationNet Carrying AmountGross Carrying ValueAccumulated AmortizationNet Carrying Amount
Technology patents$20,875 $(19,370)$1,505 $20,875 $(19,800)$1,075 
Developed technology84,536 (80,506)4,030 84,536 (81,841)2,695 
Customer relationships6,459 (4,928)1,531 6,459 (5,157)1,302 
Trade name and trademarks (1)
3,903 (3,623)280 3,893 (3,623)270 
Intangible assets, net$115,773 $(108,427)$7,346 $115,763 $(110,421)$5,342 
 _________________________________
(1) Includes direct costs to obtain these indefinite-lived assets in connection with our name change in February 2026.
Intangible assets amortization expense was $4.0 million and $2.0 million for the first quarter of fiscal 2026 and 2027. At the end of the first quarter of fiscal 2027, the weighted-average remaining amortization period was 0.2 year for technology patents, 0.2 year for developed technology, and 1.4 years for customer relationships. We record amortization of technology patents in general and administrative expenses due to their defensive nature, developed technology in cost of product revenue, and customer relationships in sales and marketing expenses in the condensed consolidated statements of operations.
At the end of the first quarter of fiscal 2027, future expected amortization expense for intangible assets is as follows (in thousands):
Fiscal Years EndingEstimated Future
Amortization Expense
Remainder of 2027$1,813 
20281,767 
2029868 
2030427 
2031197 
Total$5,072 
Goodwill
As of the end of fiscal 2026 and the first quarter of fiscal 2027, goodwill was $365.1 million. There were no impairments to goodwill for the first quarter of fiscal 2026 and 2027.
Accrued Expenses and Other Liabilities
Accrued expenses and other liabilities consist of the following (in thousands):
At the End of
 Fiscal 2026
First Quarter of Fiscal 2027
Taxes payable$14,044 $14,992 
Accrued sales, marketing and partner liabilities67,563 56,746 
Engineering-related accruals (1)
6,352 6,955 
Supply chain-related accruals (2)
12,961 8,842 
Accrued service logistics and professional services13,570 14,734 
Customer deposits from contracts with customers32,905 33,356 
Other accrued liabilities36,943 46,317 
Total accrued expenses and other liabilities$184,338 $181,942 
_________________________________
(1) Primarily consists of subscription cloud services and outside services costs.
(2) Primarily consists of accruals related to our inventory and inventory purchase commitments with our contract manufacturers.
v3.26.1
Deferred Revenue and Commissions
 3 Months Ended
May 03, 2026
Revenue from Contract with Customer [Abstract]  
Deferred Revenue and Commissions Deferred Revenue and Commissions
Deferred Commissions
Deferred commissions consist of incremental costs paid to our sales force to obtain customer contracts.
Changes in total deferred commissions during the periods presented are as follows (in thousands):
First Quarter of Fiscal
20262027
Beginning balance
$328,620 $419,569 
Additions45,927 85,070 
Recognition of deferred commissions(42,270)(72,390)
Ending balance$332,277 $432,249 
Of the $432.2 million total deferred commissions balance at the end of the first quarter of fiscal 2027, we expect to recognize approximately 33% as sales commission expense over the next 12 months and the remainder thereafter.
There was no impairment related to capitalized commissions for the first quarter of fiscal 2026 and 2027.
Deferred Revenue
Deferred revenue primarily consists of amounts that have been invoiced but have not yet been recognized as revenue including performance obligations pertaining to subscription services.
Changes in total deferred revenue during the periods presented are as follows (in thousands):
First Quarter of Fiscal
20262027
Beginning balance
$1,795,303 $2,227,497 
Additions427,687 647,030 
Recognition of deferred revenue(395,445)(497,170)
Ending balance$1,827,545 $2,377,357 
Revenue recognized during the first quarter of fiscal 2026 and 2027 from deferred revenue at the beginning of each respective period was $340.8 million and $439.2 million.
Remaining Performance Obligations
Total remaining performance obligations (RPO) which is contracted but not recognized revenue was $3.8 billion at the end of the first quarter of fiscal 2027, of which $51.4 million relates to a lessor arrangement. RPO consists of both deferred revenue and non-cancelable amounts that are expected to be invoiced and recognized as revenue in future periods. Of the $3.8 billion RPO at the end of the first quarter of fiscal 2027, we expect to recognize approximately 43% over the next 12 months, and the remainder thereafter.
v3.26.1
Debt
 3 Months Ended
May 03, 2026
Debt Disclosure [Abstract]  
Debt Debt
Revolving Credit Facility
In June 2025, we entered into a Credit Agreement with a consortium of financial institutions and lenders that provides for a five-year, senior unsecured revolving credit facility of $500.0 million (Credit Facility) that expires on June 10, 2030, unless otherwise extended. Proceeds from borrowings under the Credit Facility may be used for general corporate purposes and working capital. The Credit Facility replaced our prior $300.0 million revolving credit facility in which the outstanding borrowings of $100.0 million was repaid in full and terminated effective June 10, 2025.
U.S. Dollar denominated borrowings under the Credit Facility will bear interest, at our option, at a base rate, subject to a floor of 0%, plus a margin ranging from 0% to 0.50%, or the term Secured Overnight Financing Rate (SOFR) rate (based on one, three or six-month interest periods), subject to a floor of 0%, plus a margin ranging from 0.875% to 1.50%. Interest is payable quarterly in arrears with respect to base rate borrowings and at the end of the interest period with respect to term SOFR borrowing. We are also obligated to pay an ongoing commitment fee on undrawn amounts at a rate ranging from 0.075% to 0.20% per annum, payable quarterly in arrears. The respective margins will fluctuate based on the then-applicable Consolidated Net Leverage Ratio (as defined in the Credit Agreement) and, if available, our debt rating.
We are subject to certain affirmative and negative covenants, including a Consolidated Net Leverage Ratio not to exceed 3.5:1 (which may be increased to 4:1 for the first six consecutive fiscal quarters after a qualified acquisition, as defined in the Credit Agreement) measured as of the last day of each fiscal quarter. As of the end of the first quarter of fiscal 2027, there were no outstanding borrowings and we were in compliance with all covenants under the Credit Facility.
v3.26.1
Commitments and Contingencies
 3 Months Ended
May 03, 2026
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
Leases
At the end of the first quarter of fiscal 2027, we had various non-cancelable operating and finance lease commitments for office and data center facilities. Refer to Note 8—Leases for additional information regarding lease commitments.
Letters of Credit
At the end of fiscal 2026 and the first quarter of fiscal 2027, we had outstanding letters of credit in the aggregate amount of $13.0 million and $16.6 million in connection with our facility leases and a certain employee-related benefit, that mature on various dates through December 2031. Of the $13.0 million and $16.6 million outstanding as of the end of fiscal 2026 and the first quarter of fiscal 2027, $2.0 million and $4.9 million was issued under the Credit Facility.
Legal Matters
From time to time, we have become involved in claims and other legal matters arising in the normal course of business. We investigate these claims as they arise. Although claims are inherently unpredictable, we currently are not aware of any matters that we expect to have a material adverse effect on our business, financial position, results of operations or cash flows. Accordingly, no material loss contingency has been recorded in our condensed consolidated balance sheet as of the end of the first quarter of fiscal 2027.
Indemnification
Our arrangements generally include certain provisions for indemnifying customers against liabilities if our products or services infringe a third party’s intellectual property rights. Other guarantees or indemnification arrangements include guarantees of product and service performance and standby letters of credit for lease facilities. It is not possible to determine the maximum potential amount under these indemnification obligations due to the limited history of prior indemnification claims and the unique facts and circumstances involved in each particular agreement. To date, we have not incurred any material costs as a result of such obligations and have not accrued any liabilities related to such obligations in the condensed consolidated financial statements. In addition, we indemnify our officers, directors and certain key employees while they are serving in good faith in their respective capacities. To date, there have been no claims under any indemnification provisions.
v3.26.1
Leases
 3 Months Ended
May 03, 2026
Leases [Abstract]  
Leases Leases
We lease office and data center facilities under non-cancelable operating lease agreements expiring through November 2038. Our lease agreements do not contain any material residual value guarantees or restrictive covenants. During the first quarter of fiscal 2027, we have executed certain lease agreements primarily related to our headquarter office and data center that are expected to commence between fiscal 2027 and fiscal 2031, with duration of these leases ranging from 5 to 12 years. As such, aggregate lease payments of approximately $366.6 million are excluded from our future lease payments tabular disclosure below.
We also lease certain engineering test equipment under financing agreements. These finance leases have a lease term of three to five years and contain a bargain purchase option that we have exercised or expect to exercise at the end of the respective lease terms. Lease asset and liability associated with these leases were not material for all periods presented.
The components of operating lease costs during the periods presented were as follows (in thousands):
First Quarter of Fiscal
20262027
Fixed operating lease cost$12,867 $13,830 
Variable lease cost (1)
2,033 3,372 
Short-term lease cost (12 months or less)1,126 1,361 
Total lease cost$16,026 $18,563 
____________________________________
(1) Variable lease cost predominantly included common area maintenance charges.
Supplemental information related to operating leases is as follows (in thousands):
At the End of
Fiscal 2026
First Quarter of Fiscal 2027
Operating leases:
Weighted-average remaining lease term (in years)4.75.3
Weighted-average discount rate6.5 %5.7 %
Supplemental cash flow information related to operating leases is as follows (in thousands):
First Quarter of Fiscal
20262027
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows for operating leases$16,369 $14,014 
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases$1,473 $31,261 
Future lease payments under our non-cancelable operating leases at the end of the first quarter of fiscal 2027 are as follows (in thousands):
Fiscal Years EndingOperating Leases
Remainder of 2027$27,411 
202856,518 
202956,053 
203053,042 
203144,478 
Thereafter33,946 
Total future lease payments271,448 
Less: imputed interest(40,487)
Present value of total lease liabilities$230,961 
Lessor Arrangement
We, as a lessor, have entered into non-cancelable arrangements to lease our storage and data management solutions and subscription services. The arrangements include multiple seven-year leases with total net consideration of $372.9 million. The arrangements provide an end-of-term option to purchase the leased assets for a pre-determined price.
We determined, at inception of the respective arrangements, that each of the leases include sales-type leases, an operating lease, and non-lease components. The non-lease components are comprised primarily of subscription support services and professional services. The total net consideration for each lease was allocated to these components based on relative standalone selling price. The amounts allocated to the lease and non-lease components are accounted for in accordance with ASC 842 and ASC 606, respectively.
No product revenue was recognized during the first quarter of fiscal 2026. We recognized $29.2 million in product revenue related to the sales-type lease components during the first quarter of fiscal 2027. The associated profit was $27.0 million, based on the product revenue recognized less certain costs, during the first quarter of fiscal 2027. Subscription services revenue related to the operating lease and non-lease components recognized was $7.2 million and $15.1 million during the first quarter of fiscal 2026 and 2027.
Future minimum gross lease payments allocated to the sales-type leases and operating lease components are as follows (in thousands). The remaining lease payments of $182.7 million allocated to the non-lease components are excluded from the table below.
Fiscal Years EndingSales-Type LeasesOperating Lease
Remainder of 2027$16,325 $9,406 
202821,267 9,063 
202924,916 3,354 
203029,300 — 
203129,300 — 
Thereafter33,541 — 
Total future lease payments to be received
$154,649 $21,823 
v3.26.1
Stockholders' Equity
 3 Months Ended
May 03, 2026
Equity [Abstract]  
Stockholders' Equity
Note 9. Stockholders’ Equity
Preferred Stock
We have 20.0 million authorized shares of undesignated preferred stock, the rights, preferences and privileges of which may be designated from time to time by our Board of Directors. At the end of the first quarter of fiscal 2027, there were no shares of preferred stock issued or outstanding.
Class A and Class B Common Stock
We have two classes of authorized common stock, Class A common stock, which we refer to as our “common stock”, and Class B common stock. At the end of the first quarter of fiscal 2027, we had 2.0 billion authorized shares of Class A common stock and 250.0 million authorized shares of Class B common stock, with each class having a par value of $0.0001 per share. At the end of the first quarter of fiscal 2027, 332.1 million shares of Class A common stock were issued and outstanding.
Share Repurchase Program
Our Board of Directors has authorized up to $1.8 billion under our share repurchase program. At the end of the first quarter of fiscal 2027, $244.9 million remained available for future share repurchases under our current repurchase authorization.
The following table summarizes the stock repurchase activity for the first quarter of fiscal 2026 and 2027 (in thousands except for per share amounts):
 
First Quarter of Fiscal
 20262027
Number of shares repurchased and retired
2,492 1,282 
Average price per share (1)
$48.10 $65.59 
Aggregate purchase price (1)
$119,887 $84,077 
____________________________________
(1) Excludes transaction costs that are included in the repurchases of common stock on the consolidated statements of cash flows.
v3.26.1
Equity Incentive Plans
 3 Months Ended
May 03, 2026
Share-Based Payment Arrangement [Abstract]  
Equity Incentive Plans Equity Incentive Plans
2015 Equity Incentive Plan
The 2015 Equity Incentive Plan (the 2015 Plan) provides for grants of incentive stock options to our employees and non-statutory stock options, stock appreciation rights, restricted stock, restricted stock units, performance-based stock and cash awards, market-based stock awards, and other forms of stock awards to our employees, directors and consultants. Our equity awards generally vest over a two to four year period and expire no later than ten years from the date of grant.
Upon vesting of equity awards, 1.2 million and 1.6 million shares were withheld during the first quarter of fiscal 2026 and 2027 to cover $60.1 million and $101.0 million in tax withholding obligations. The shares withheld to satisfy employee tax withholding obligations are returned to our 2015 Plan and will be available for future issuance. Payments for employees’ tax obligations to the tax authorities are recognized as a reduction to additional paid-in capital and reflected as a financing activity in our condensed consolidated statements of cash flows.
2015 Amended and Restated Employee Stock Purchase Plan
Under our Amended and Restated 2015 Employee Stock Purchase Plan (2015 ESPP), our Board of Directors (or a committee thereof) has the authority to establish the length and terms of the offering periods and purchase periods and the purchase price of the shares of common stock which may be purchased under the plan. The current offering terms allow eligible employees to purchase shares of our common stock at a discount through payroll deductions of up to 30% of their eligible compensation, subject to a cap of 3,000 shares on any purchase date, a dollar cap of $7,500 per purchase period, or $25,000 in any calendar year (as determined under applicable tax rules). The current terms also allow for a 24-month offering period beginning March 16th and September 16th of each year, with each offering period consisting of four 6-month purchase periods, subject to a reset provision. Further, currently, on each purchase date, eligible employees may purchase our common stock at a price per share equal to 85% of the lesser of the fair market value of our common stock (1) on the first trading day of the applicable offering period or (2) the purchase date.
Under the reset provision currently authorized, if the closing stock price on the offering date of a new offering falls below the closing stock price on the offering date of an ongoing offering, the ongoing offering would terminate immediately following the purchase of ESPP shares on the purchase date immediately preceding the new offering and participants in the terminated offering would automatically be enrolled in the new offering (ESPP reset), resulting in a modification charge to be recognized over the new offering period. No ESPP reset occurred during the first quarter of fiscal 2026. During the first quarter of fiscal 2027, ESPP reset resulted in total modification charge of $6.0 million, which will be recognized over its new offering period.
Stock-based compensation expense related to our 2015 ESPP was $7.5 million and $8.0 million during the first quarter of fiscal 2026 and 2027. At the end of the first quarter of fiscal 2027, total unrecognized stock-based compensation cost related to our 2015 ESPP was $37.5 million, which is expected to be recognized over a weighted-average period of 1.3 years.
Stock Options
A summary of the stock option activity under our equity incentive plans and related information is as follows:
 
 Options Outstanding
 Number of
Shares		Weighted-
Average
Exercise Price
Weighted-
Average
Remaining
Contractual Life (in years)
Aggregate
Intrinsic
Value (in thousands)
Balance at the end of fiscal 20261,142,394 $13.80 1.7$64,144 
Options exercised(562,224)11.82   
Balance at the end of the first quarter of fiscal 2027
580,170 $15.71 1.6$32,438 
Vested and exercisable at the end of the first quarter of fiscal 2027
580,170 $15.71 1.6$32,438 
The aggregate intrinsic value of options vested and exercisable at the end of the first quarter of fiscal 2027 is calculated based on the difference between the exercise price and the closing price of $71.62 of our common stock on the last day of the first quarter of fiscal 2027.
Stock-based compensation expense related to stock options was fully recognized in fiscal 2025.
Restricted Stock Units (RSUs)
A summary of the RSU activity under our 2015 Plan and related information is as follows:
 Number of
RSUs Outstanding		Weighted-
Average
Grant Date
Fair Value		Aggregate
Intrinsic
Value (in thousands)
Unvested balance at the end of fiscal 2026
17,340,284 $44.32 $1,205,843 
Granted
6,964,181 67.42 
Vested(2,231,678)36.89 
Forfeited or canceled (1)
(428,350)46.18 
Unvested balance at the end of the first quarter of fiscal 2027
21,644,437 $52.48 $1,550,175 
_________________________________
(1) Represents the number of shares granted under the RSU awards that were forfeited due to termination of employment or canceled.
Stock-based compensation expense related to RSUs was $77.2 million and $85.6 million during the first quarter of fiscal 2026 and 2027. At the end of the first quarter of fiscal 2027, total unrecognized stock-based compensation cost related to unvested RSUs was $1.1 billion, which is expected to be recognized over a weighted-average period of 3.1 years.
Performance-based Restricted Stock Units (PRSUs)
The number of shares that could be earned under our PRSU grants ranges from 0% to 200% of the target number granted depending on the achievement of certain performance conditions with any unearned shares canceled. Generally, the number of earned shares vest over three years from the date of grant subject to continuous service.
A summary of the PRSU activity under our 2015 Plan and related information is as follows:
Number of
PRSUs Outstanding
Weighted-
Average
Grant Date
Fair Value		Aggregate
Intrinsic
Value (in thousands)
Unvested balance at the end of fiscal 2026
1,936,107 $52.33 $134,637 
Granted1,244,446 55.43 
Vested and earned (1)
(1,068,712)51.90 
Forfeited (2)
(40,825)51.01 
Unvested balance at the end of the first quarter of fiscal 2027
2,071,016 $54.44 $148,326 
____________________________________
(1) Represents the number of shares earned in which the service condition has also been satisfied.
(2) Represents the number of shares granted under the PRSU awards that were forfeited due to termination of employment.
Stock-based compensation expense related to PRSUs was $8.0 million and $24.7 million during the first quarter of fiscal 2026 and 2027. At the end of the first quarter of fiscal 2027, total unrecognized stock-based compensation cost related to unvested PRSUs was $47.3 million, which is expected to be recognized over a weighted-average period of 1.9 years.
Long-Term Performance Incentive RSUs (LTP Awards)
In fiscal 2024 and 2026, we granted 4.2 million and 1.2 million market-based LTP Awards, respectively, contingent on achieving specified market capitalization thresholds measured over approximately three- to five-year periods. Awards granted in fiscal 2024 are measured at the end of fiscal years 2026 through 2028 and vest on March 20, 2028, while awards granted in fiscal 2026 are measured at the end of fiscal years 2028 through 2030 and vest on March 20, 2030, in each case subject to continued service and a one-year post-vest holding period.
The stock-based compensation expense for these awards is being recognized over the respective requisite service periods of nearly five years using the accelerated attribution method and is not reversed if the market condition is not ultimately met.
A summary of LTP Awards activity under our 2015 Plan is as follows:
Number of
 LTP Awards Outstanding
Weighted-
Average
Grant Date
Fair Value		Aggregate
Intrinsic
Value (in thousands)
Unvested balance at the end of fiscal 2026
4,881,686 $20.11 $339,472 
Forfeited (1)
(125,221)19.97 
Unvested balance at the end of the first quarter of fiscal 20274,756,465 $20.11 $340,658 
__________________________________
(1) Represents the number of shares granted that were forfeited due to termination of employment.
Stock-based compensation expense related to LTP Awards was $3.6 million and $3.8 million during the first quarter of fiscal 2026 and 2027. At the end of the first quarter of fiscal 2027, total unrecognized stock-based compensation cost related to unvested LTP Awards was $49.6 million, which is expected to be recognized over a weighted-average period of 3.0 years.
Stock-Based Compensation Expense
The following table summarizes the components of stock-based compensation expense recognized in the condensed consolidated statements of operations (in thousands):
 
First Quarter of Fiscal
 20262027
Cost of revenue—product$3,266 $4,132 
Cost of revenue—subscription services7,162 8,155 
Research and development
49,242 60,331 
Sales and marketing22,084 29,163 
General and administrative14,521 20,283 
Total stock-based compensation expense, net of amounts capitalized (1)
$96,275 $122,064 
_________________________________
(1) Stock-based compensation expense capitalized was $1.9 million and $2.1 million during the first quarter of fiscal 2026 and 2027.
v3.26.1
Net Income (Loss) per Share Attributable to Common Stockholders
 3 Months Ended
May 03, 2026
Earnings Per Share [Abstract]  
Net Income (Loss) per Share Attributable to Common Stockholders Net Income (Loss) per Share Attributable to Common Stockholders
Basic and diluted net income (loss) per share attributable to common stockholders is presented in conformity with the two-class method required for participating securities. Basic net income (loss) per share attributable to common stockholders is computed by dividing the net income (loss) attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period. Diluted net income (loss) per share attributable to common stockholders is computed by giving effect to all potentially dilutive common stock equivalents, including our outstanding stock options, common stock related to unvested RSUs, PRSUs, and LTP Awards, and common stock issuable pursuant to the ESPP. In periods of net loss, all potentially dilutive common stock equivalents have been excluded from the calculation of diluted net loss per share attributable to common stockholders as their effect is anti-dilutive.
The following table sets forth the computation of basic and diluted net income (loss) per share attributable to common stockholders (in thousands, except per share data):
 
First Quarter of Fiscal
 20262027
Numerator:
Net income (loss)$(13,995)$24,078 
Denominator:
Weighted-average shares used in computing net income (loss) per share attributable to common stockholders, basic326,539 331,152 
Add: dilutive effect of common stock equivalents— 12,341 
Weighted-average shares used in computing net income (loss) per share attributable to common stockholders, diluted326,539 343,493 
Net income (loss) per share attributable to common stockholders, basic$(0.04)$0.07 
Net income (loss) per share attributable to common stockholders, diluted$(0.04)$0.07 
The following weighted-average outstanding shares of common stock equivalents were excluded from the computation of diluted net income (loss) per share attributable to common stockholders for the periods presented because including them would have been anti-dilutive (in thousands):
 
 
First Quarter of Fiscal
 20262027
Stock options to purchase common stock2,257 — 
Unvested RSUs and PRSUs
20,691 1,686 
Shares issuable pursuant to the ESPP464 — 
Total23,412 1,686 
v3.26.1
Other Income (Expense), Net
 3 Months Ended
May 03, 2026
Other Income and Expenses [Abstract]  
Other Income (Expense), Net Other Income (Expense), Net
Other income (expense), net consists of the following (in thousands):
First Quarter of Fiscal
20262027
Interest income (1)
$16,876 $14,304 
Interest expense (2)
(1,807)(239)
Foreign currency transactions gains (losses)
14,479 (3,032)
Other income2,107 2,898 
Total other income (expense), net$31,655 $13,931 
____________________________________
(1) Includes interest income related to our cash, cash equivalents and marketable securities and non-cash interest income (expense) related to accretion (amortization) of the discount (premium) on marketable securities.
(2) Includes non-cash interest expense related to amortization of issuance costs and contractual interest expense related to our revolving credit facility and accretion of our finance lease liabilities.
v3.26.1
Income Taxes
 3 Months Ended
May 03, 2026
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
Our provision for income tax primarily reflects taxes on international operations and U.S. income taxes. The difference between the income tax provision that would be derived by applying the statutory rate to our income before provision for income taxes and the income tax provision recorded was primarily attributable to our valuation allowance on U.S. deferred tax assets, research and development credits, U.S. taxes on foreign income, and stock-based compensation expense.
At the end of the first quarter of fiscal 2027, there were no material changes to either the nature or the amounts of the uncertain tax positions previously determined for fiscal 2026.
v3.26.1
Segment Information and Geographic Areas
 3 Months Ended
May 03, 2026
Segment Reporting [Abstract]  
Segment Information and Geographic Areas Segment Information and Geographic Areas
Segment Information
Our chief operating decision maker (CODM), the Chief Executive Officer, manages business activities as a single operating and reportable segment at the consolidated level. The CODM reviews and utilizes consolidated financial information, including revenue, gross profit, operating income (loss) and net income (loss) as reported on the condensed consolidated statements of operations, to assess performance and allocate resources to support strategic priorities. Condensed consolidated net income (loss) is our segment’s primary measure of profit or loss. The measure of segment assets is reported on the condensed consolidated balance sheets as total consolidated assets.
Our CODM reviews the following significant segment expenses, which are each separately disclosed and presented in the condensed consolidated statements of operations: cost of revenue for product, cost of revenue for subscription services, research and development expenses, sales and marketing expenses, and general and administrative expenses. Other segment items within condensed consolidated net income (loss) include other income (expense), net and income tax provision. Other significant noncash segment expenses include stock-based compensation and depreciation and amortization.
Disaggregation of Revenue
The following table depicts the disaggregation of revenue by geographic area based on the billing address of our customers and is consistent with how we evaluate our financial performance (in thousands):
 
First Quarter of Fiscal
 20262027
United States$530,658 $739,390 
Rest of the world247,827 313,506 
Total revenue$778,485 $1,052,896 

Long-Lived Assets by Geographic Area
Long-lived assets, which are comprised of property and equipment, net, by geographic area are summarized as follows (in thousands):
 
At the End of
 Fiscal 2026
First Quarter of Fiscal 2027
United States$569,932 $590,988 
Rest of the world17,090 22,929 
Total long-lived assets$587,022 $613,917 
v3.26.1
Subsequent Event
 3 Months Ended
May 03, 2026
Subsequent Events [Abstract]  
Subsequent Event Subsequent Event
1touch Acquisition
On May 7, 2026, we completed the acquisition of 1touch, an innovator in data intelligence and orchestration that provides a comprehensive, unified view of enterprise information, for total stated cash consideration of $125.0 million, subject to customary closing adjustments and escrow arrangements. Upon closing, 1touch became a wholly owned subsidiary of Everpure, Inc., and its results of operations will be included in our consolidated financial statements beginning on the acquisition date.
v3.26.1
Insider Trading Arrangements
 3 Months Ended
May 03, 2026
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Charles Giancarlo [Member]  
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.26.1
Basis of Presentation and Summary of Significant Accounting Policies (Policies)
 3 Months Ended
May 03, 2026
Accounting Policies [Abstract]  
Basis of Presentation and Principles of Consolidation
Basis of Presentation and Principles of Consolidation
We operate using a 52/53 week fiscal year ending on the first Sunday after January 30, which for fiscal 2026 was February 1, 2026 and for fiscal 2027 will be January 31, 2027. The first quarter of fiscal 2026 and 2027 ended on May 4, 2025 and May 3, 2026. Unless otherwise stated, all dates refer to our fiscal year and fiscal quarters.
The condensed consolidated financial statements include the accounts of the Company and our wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.
Unaudited Interim Consolidated Financial Information
Unaudited Interim Consolidated Financial Information
The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (U.S. GAAP) and applicable rules and regulations of the Securities and Exchange Commission regarding interim financial reporting. Certain information and note disclosures normally included in the financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such rules and regulations. Therefore, these condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes included in our Annual Report on Form 10-K for fiscal 2026.
In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all normal recurring adjustments necessary to present fairly the financial position, results of operations, comprehensive income and cash flows for the interim periods, but are not necessarily indicative of the results of operations to be anticipated for the full fiscal year 2027 or any future period.
Use of Estimates
Use of Estimates
The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported and disclosed in the financial statements and accompanying notes. Actual results could differ from these estimates and assumptions due to risks and uncertainties. Such estimates include, but are not limited to, the determination of standalone selling price for revenue arrangements with multiple performance obligations when the price at which the performance obligation sold separately or observable past transactions are not available, useful lives of intangible assets and property and equipment, the period of benefit for deferred contract costs for commissions, fair value for certain stock-based awards, provision for income taxes including related reserves, fair value of leases and impairment of related right-of-use (ROU) assets. Management bases its estimates on historical experience and on various other assumptions which management believes to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities.
Restricted Cash
Restricted Cash
Restricted cash is associated with certain employee-related benefits.
Recent Accounting Pronouncements Not Yet Adopted
Recent Accounting Pronouncements Not Yet Adopted
In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which requires additional disclosures of specific expense categories included within each expense caption presented on the Statements of Operations. The new standard can be applied on either a fully retrospective or prospective basis. ASU 2024-03 will be effective for our fiscal year beginning February 1, 2027, and interim periods within our fiscal year beginning February 7, 2028, with early adoption permitted. We are currently evaluating the impact of this standard on our financial statement disclosures.
In September 2025, the FASB issued ASU 2025-06, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use-Software, which amends the cost capitalization criteria for internal-use software development costs by removing all references to software project development stages and providing new guidance on how to evaluate whether the probable-to-complete recognition threshold has been met. The new standard can be applied on either a fully retrospective, modified transition, or prospective basis. ASU 2025-06 will be effective for our fiscal years beginning after fiscal 2028 and interim periods within those fiscal years, with early adoption permitted. We are currently evaluating the impact of this standard on our consolidated financial statements.
In December 2025, the FASB issued ASU 2025-11, Interim Reporting (Topic 270): Narrow-Scope Improvements, which clarifies that the interim reporting requirements in Topic 270 apply to all entities that issue interim financial statements prepared in accordance with U.S. GAAP and consolidates such requirements within Topic 270. The amendments provide a comprehensive list within Topic 270 of required interim disclosures, establish a principle requiring disclosure of events or changes occurring after the end of the most recent annual reporting period that have a material impact on interim results, and clarifies the form and content requirements applicable to interim financial statements. ASU 2025-11 will be effective for our fiscal year beginning February 7, 2028, with early adoption permitted. We do not expect the adoption of this guidance to have a material impact on our consolidated financial statements and related disclosures.
Fair Value Measurements
Fair Value Measurements
We define fair value as the exchange price that would be received from sale of an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. We measure our financial assets and liabilities at fair value at each reporting period using a fair value hierarchy which requires us to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. A financial instrument’s classification within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement.
Three levels of inputs may be used to measure fair value:
•Level 1 - Observable inputs are unadjusted quoted prices in active markets for identical assets or liabilities;
•Level 2 - Observable inputs are quoted prices for similar assets and liabilities in active markets or inputs other than quoted prices that are observable for the assets or liabilities, either directly or indirectly through market corroboration, for substantially the full term of the financial instruments; and
•Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. These inputs are based on our own assumptions used to measure assets and liabilities at fair value and require significant management judgment or estimation.
v3.26.1
Financial Instruments (Tables)
 3 Months Ended
May 03, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of Cash Equivalents, Marketable Securities and Restricted Cash
The following tables summarize these assets by significant investment categories and their classification within the fair value hierarchy and in our condensed consolidated balance sheets at the end of fiscal 2026 and the first quarter of fiscal 2027 (in thousands):
 At the End of Fiscal 2026
 Amortized
Cost		Gross Unrealized
Gains		Gross Unrealized
Losses		Fair
Value
Cash
Equivalents
Marketable
Securities
Level 1     
Money market accounts$— $— $— $297,462 $297,462 $— 
Level 2     
U.S. government treasury notes289,069 790 (95)289,764 19,387 270,377 
U.S. government agencies9,194 148 (1)9,341 — 9,341 
Corporate debt securities335,347 2,341 (1)337,687 — 337,687 
Foreign government bonds6,555 3 — 6,558 — 6,558 
Asset-backed securities47,768 324 — 48,092 — 48,092 
Municipal bonds20,381 18 (8)20,391 — 20,391 
Total$708,314 $3,624 $(105)$1,009,295 $316,849 $692,446 
 
At the End of the First Quarter of Fiscal 2027
 
Cost or Amortized
Cost
Gross Unrealized
Gains		Gross Unrealized
Losses		Fair
Value
Cash
Equivalents
Marketable
Securities
Level 1
Money market accounts$— $— $— $601,223 $601,223 $— 
Level 2      
U.S. government treasury notes303,873 212 (967)303,118 47,196 255,922 
U.S. government agencies9,193 200 — 9,393 — 9,393 
Corporate debt securities338,355 997 (280)339,072 — 339,072 
Foreign government bonds1,484 — (1)1,483 — 1,483 
Asset-backed securities41,974 114 (27)42,061 — 42,061 
Municipal bonds19,075 1 (52)19,024 — 19,024 
Total$713,954 $1,524 $(1,327)$1,315,374 $648,419 $666,955 
Schedule of Amortized Cost and Estimated Fair Value
The amortized cost and estimated fair value of our marketable securities are shown below by contractual maturity (in thousands):
 
At the End of the First Quarter of Fiscal 2027
 Amortized CostFair Value
Due within one year$220,882 $221,528 
Due in one to five years445,683 445,234 
Due in five to ten years193 193 
Total$666,758 $666,955 
Schedule of Gross Unrealized Losses and Fair Values The following table presents the fair values and gross unrealized losses for those investments that were in a continuous unrealized loss position at the end of fiscal 2026 and the first quarter of fiscal 2027, aggregated by investment category (in thousands):
At the End of Fiscal 2026
Less than 12 months
Fair
Value		Unrealized
Loss
U.S. government treasury notes$85,422 $(95)
U.S. government agencies2,999 (1)
Corporate debt securities942 (1)
Foreign government bonds2,970 — 
Municipal bonds6,610 (8)
Total$98,943 $(105)

At the End of the First Quarter of Fiscal 2027
 Less than 12 months
 Fair
Value		Unrealized
Loss
U.S. government treasury notes$175,407 $(967)
Corporate debt securities71,614 (280)
Foreign government bonds1,483 (1)
Asset-backed securities13,394 (27)
Municipal bonds15,917 (52)
Total$277,815 $(1,327)
v3.26.1
Balance Sheet Components (Tables)
 3 Months Ended
May 03, 2026
Balance Sheet Components Disclosure [Abstract]  
Schedule of Inventory
Inventory consists of the following (in thousands):
At the End of
Fiscal 2026
First Quarter of Fiscal 2027
Raw materials$39,970 $46,120 
Finished goods35,965 31,820 
Inventory$75,935 $77,940 
Schedule of Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets consist of the following (in thousands):
 At the End of
 Fiscal 2026
First Quarter of Fiscal 2027
Prepaid expenses$80,283 $95,457 
Other receivables (1)
249,990 301,511 
Other current assets25,742 40,049 
Total prepaid expenses and other current assets$356,015 $437,017 
_________________________________
(1) Primarily consists of receivables from our contract manufacturers.
Schedule of Property and Equipment, Net
Property and equipment, net consists of the following (in thousands):
 
At the End of
 Fiscal 2026
First Quarter of Fiscal 2027
Test and infrastructure equipment (1)
$499,903 $495,088 
Computer equipment and software488,355 523,227 
Furniture and fixtures14,609 16,932 
Leasehold improvements114,510 117,664 
Capitalized software development costs95,301 101,824 
Total property and equipment1,212,678 1,254,735 
Less: accumulated depreciation and amortization(625,656)(640,818)
Property and equipment, net$587,022 $613,917 
_________________________________
(1) Includes finance lease right-of-use assets. Refer to Note 8.
Schedule of Intangible Assets, Net
Intangible assets, net consist of the following (in thousands):
 
At the End of
 Fiscal 2026
First Quarter of Fiscal 2027
Gross Carrying ValueAccumulated AmortizationNet Carrying AmountGross Carrying ValueAccumulated AmortizationNet Carrying Amount
Technology patents$20,875 $(19,370)$1,505 $20,875 $(19,800)$1,075 
Developed technology84,536 (80,506)4,030 84,536 (81,841)2,695 
Customer relationships6,459 (4,928)1,531 6,459 (5,157)1,302 
Trade name and trademarks (1)
3,903 (3,623)280 3,893 (3,623)270 
Intangible assets, net$115,773 $(108,427)$7,346 $115,763 $(110,421)$5,342 
 _________________________________
(1) Includes direct costs to obtain these indefinite-lived assets in connection with our name change in February 2026.
Schedule of Expected Amortization Expenses for Intangible Assets
At the end of the first quarter of fiscal 2027, future expected amortization expense for intangible assets is as follows (in thousands):
Fiscal Years EndingEstimated Future
Amortization Expense
Remainder of 2027$1,813 
20281,767 
2029868 
2030427 
2031197 
Total$5,072 
Schedule of Accrued Expenses and Other Liabilities
Accrued expenses and other liabilities consist of the following (in thousands):
At the End of
 Fiscal 2026
First Quarter of Fiscal 2027
Taxes payable$14,044 $14,992 
Accrued sales, marketing and partner liabilities67,563 56,746 
Engineering-related accruals (1)
6,352 6,955 
Supply chain-related accruals (2)
12,961 8,842 
Accrued service logistics and professional services13,570 14,734 
Customer deposits from contracts with customers32,905 33,356 
Other accrued liabilities36,943 46,317 
Total accrued expenses and other liabilities$184,338 $181,942 
_________________________________
(1) Primarily consists of subscription cloud services and outside services costs.
(2) Primarily consists of accruals related to our inventory and inventory purchase commitments with our contract manufacturers.
v3.26.1
Deferred Revenue and Commissions (Tables)
 3 Months Ended
May 03, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Deferred Commissions
Changes in total deferred commissions during the periods presented are as follows (in thousands):
First Quarter of Fiscal
20262027
Beginning balance
$328,620 $419,569 
Additions45,927 85,070 
Recognition of deferred commissions(42,270)(72,390)
Ending balance$332,277 $432,249 
Schedule of Deferred Revenue
Changes in total deferred revenue during the periods presented are as follows (in thousands):
First Quarter of Fiscal
20262027
Beginning balance
$1,795,303 $2,227,497 
Additions427,687 647,030 
Recognition of deferred revenue(395,445)(497,170)
Ending balance$1,827,545 $2,377,357 
v3.26.1
Leases (Tables)
 3 Months Ended
May 03, 2026
Leases [Abstract]  
Schedule of Components of Lease Cost
The components of operating lease costs during the periods presented were as follows (in thousands):
First Quarter of Fiscal
20262027
Fixed operating lease cost$12,867 $13,830 
Variable lease cost (1)
2,033 3,372 
Short-term lease cost (12 months or less)1,126 1,361 
Total lease cost$16,026 $18,563 
____________________________________
(1) Variable lease cost predominantly included common area maintenance charges.
Supplemental information related to operating leases is as follows (in thousands):
At the End of
Fiscal 2026
First Quarter of Fiscal 2027
Operating leases:
Weighted-average remaining lease term (in years)4.75.3
Weighted-average discount rate6.5 %5.7 %
Schedule of Cash Flow, Supplemental Disclosures
Supplemental cash flow information related to operating leases is as follows (in thousands):
First Quarter of Fiscal
20262027
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows for operating leases$16,369 $14,014 
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases$1,473 $31,261 
Schedule of Future Lease Payments Under Non-Cancelable Leases
Future lease payments under our non-cancelable operating leases at the end of the first quarter of fiscal 2027 are as follows (in thousands):
Fiscal Years EndingOperating Leases
Remainder of 2027$27,411 
202856,518 
202956,053 
203053,042 
203144,478 
Thereafter33,946 
Total future lease payments271,448 
Less: imputed interest(40,487)
Present value of total lease liabilities$230,961 
Schedule of Sales-Type Leases, Payment to be Received, Maturity
Future minimum gross lease payments allocated to the sales-type leases and operating lease components are as follows (in thousands). The remaining lease payments of $182.7 million allocated to the non-lease components are excluded from the table below.
Fiscal Years EndingSales-Type LeasesOperating Lease
Remainder of 2027$16,325 $9,406 
202821,267 9,063 
202924,916 3,354 
203029,300 — 
203129,300 — 
Thereafter33,541 — 
Total future lease payments to be received
$154,649 $21,823 
Schedule of Lessor, Operating Lease, Payment to be Received, Maturity
Future minimum gross lease payments allocated to the sales-type leases and operating lease components are as follows (in thousands). The remaining lease payments of $182.7 million allocated to the non-lease components are excluded from the table below.
Fiscal Years EndingSales-Type LeasesOperating Lease
Remainder of 2027$16,325 $9,406 
202821,267 9,063 
202924,916 3,354 
203029,300 — 
203129,300 — 
Thereafter33,541 — 
Total future lease payments to be received
$154,649 $21,823 
v3.26.1
Stockholders' Equity (Tables)
 3 Months Ended
May 03, 2026
Equity [Abstract]  
Schedule of Repurchase Agreements
The following table summarizes the stock repurchase activity for the first quarter of fiscal 2026 and 2027 (in thousands except for per share amounts):
 
First Quarter of Fiscal
 20262027
Number of shares repurchased and retired
2,492 1,282 
Average price per share (1)
$48.10 $65.59 
Aggregate purchase price (1)
$119,887 $84,077 
____________________________________
(1) Excludes transaction costs that are included in the repurchases of common stock on the consolidated statements of cash flows.
v3.26.1
Equity Incentive Plans (Tables)
 3 Months Ended
May 03, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity Under Equity Incentive Plans and Related Information
A summary of the stock option activity under our equity incentive plans and related information is as follows:
 
 Options Outstanding
 Number of
Shares		Weighted-
Average
Exercise Price
Weighted-
Average
Remaining
Contractual Life (in years)
Aggregate
Intrinsic
Value (in thousands)
Balance at the end of fiscal 20261,142,394 $13.80 1.7$64,144 
Options exercised(562,224)11.82   
Balance at the end of the first quarter of fiscal 2027
580,170 $15.71 1.6$32,438 
Vested and exercisable at the end of the first quarter of fiscal 2027
580,170 $15.71 1.6$32,438 
Schedule of Share-based Compensation, Restricted Stock Units Award Activity
A summary of the RSU activity under our 2015 Plan and related information is as follows:
 Number of
RSUs Outstanding		Weighted-
Average
Grant Date
Fair Value		Aggregate
Intrinsic
Value (in thousands)
Unvested balance at the end of fiscal 2026
17,340,284 $44.32 $1,205,843 
Granted
6,964,181 67.42 
Vested(2,231,678)36.89 
Forfeited or canceled (1)
(428,350)46.18 
Unvested balance at the end of the first quarter of fiscal 2027
21,644,437 $52.48 $1,550,175 
_________________________________
(1) Represents the number of shares granted under the RSU awards that were forfeited due to termination of employment or canceled.
Schedule of Share-Based Payment Arrangement, Performance Restricted Stock Unit, Activity
A summary of the PRSU activity under our 2015 Plan and related information is as follows:
Number of
PRSUs Outstanding
Weighted-
Average
Grant Date
Fair Value		Aggregate
Intrinsic
Value (in thousands)
Unvested balance at the end of fiscal 2026
1,936,107 $52.33 $134,637 
Granted1,244,446 55.43 
Vested and earned (1)
(1,068,712)51.90 
Forfeited (2)
(40,825)51.01 
Unvested balance at the end of the first quarter of fiscal 2027
2,071,016 $54.44 $148,326 
____________________________________
(1) Represents the number of shares earned in which the service condition has also been satisfied.
(2) Represents the number of shares granted under the PRSU awards that were forfeited due to termination of employment.
Schedule of Share-Based Payment Arrangement, Long Term Performance Restricted Stock Unit, Activity
A summary of LTP Awards activity under our 2015 Plan is as follows:
Number of
 LTP Awards Outstanding
Weighted-
Average
Grant Date
Fair Value		Aggregate
Intrinsic
Value (in thousands)
Unvested balance at the end of fiscal 2026
4,881,686 $20.11 $339,472 
Forfeited (1)
(125,221)19.97 
Unvested balance at the end of the first quarter of fiscal 20274,756,465 $20.11 $340,658 
__________________________________
(1) Represents the number of shares granted that were forfeited due to termination of employment.
Schedule of Components of Stock-Based Compensation
The following table summarizes the components of stock-based compensation expense recognized in the condensed consolidated statements of operations (in thousands):
 
First Quarter of Fiscal
 20262027
Cost of revenue—product$3,266 $4,132 
Cost of revenue—subscription services7,162 8,155 
Research and development
49,242 60,331 
Sales and marketing22,084 29,163 
General and administrative14,521 20,283 
Total stock-based compensation expense, net of amounts capitalized (1)
$96,275 $122,064 
_________________________________
(1) Stock-based compensation expense capitalized was $1.9 million and $2.1 million during the first quarter of fiscal 2026 and 2027.
v3.26.1
Net Income (Loss) per Share Attributable to Common Stockholders (Tables)
 3 Months Ended
May 03, 2026
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Net Income (Loss) per Share Attributable to Common Stockholders
The following table sets forth the computation of basic and diluted net income (loss) per share attributable to common stockholders (in thousands, except per share data):
 
First Quarter of Fiscal
 20262027
Numerator:
Net income (loss)$(13,995)$24,078 
Denominator:
Weighted-average shares used in computing net income (loss) per share attributable to common stockholders, basic326,539 331,152 
Add: dilutive effect of common stock equivalents— 12,341 
Weighted-average shares used in computing net income (loss) per share attributable to common stockholders, diluted326,539 343,493 
Net income (loss) per share attributable to common stockholders, basic$(0.04)$0.07 
Net income (loss) per share attributable to common stockholders, diluted$(0.04)$0.07 
Schedule of Weighted-average Outstanding Shares Excluded from Computation of Diluted Net Income (Loss) per Share Attributable to Common Stockholders
The following weighted-average outstanding shares of common stock equivalents were excluded from the computation of diluted net income (loss) per share attributable to common stockholders for the periods presented because including them would have been anti-dilutive (in thousands):
 
 
First Quarter of Fiscal
 20262027
Stock options to purchase common stock2,257 — 
Unvested RSUs and PRSUs
20,691 1,686 
Shares issuable pursuant to the ESPP464 — 
Total23,412 1,686 
v3.26.1
Other Income (Expense), Net (Tables)
 3 Months Ended
May 03, 2026
Other Income and Expenses [Abstract]  
Schedule of Other Income (Expense)
Other income (expense), net consists of the following (in thousands):
First Quarter of Fiscal
20262027
Interest income (1)
$16,876 $14,304 
Interest expense (2)
(1,807)(239)
Foreign currency transactions gains (losses)
14,479 (3,032)
Other income2,107 2,898 
Total other income (expense), net$31,655 $13,931 
____________________________________
(1) Includes interest income related to our cash, cash equivalents and marketable securities and non-cash interest income (expense) related to accretion (amortization) of the discount (premium) on marketable securities.
(2) Includes non-cash interest expense related to amortization of issuance costs and contractual interest expense related to our revolving credit facility and accretion of our finance lease liabilities.
v3.26.1
Segment Information and Geographic Areas (Tables)
 3 Months Ended
May 03, 2026
Segment Reporting [Abstract]  
Schedule of Revenue by Geographic Area
The following table depicts the disaggregation of revenue by geographic area based on the billing address of our customers and is consistent with how we evaluate our financial performance (in thousands):
 
First Quarter of Fiscal
 20262027
United States$530,658 $739,390 
Rest of the world247,827 313,506 
Total revenue$778,485 $1,052,896 
Schedule of Long-Lived Assets by Geographic Area
Long-lived assets, which are comprised of property and equipment, net, by geographic area are summarized as follows (in thousands):
 
At the End of
 Fiscal 2026
First Quarter of Fiscal 2027
United States$569,932 $590,988 
Rest of the world17,090 22,929 
Total long-lived assets$587,022 $613,917 
v3.26.1
Basis of Presentation and Summary of Significant Accounting Policies (Details) - USD ($)
$ in Millions
May 03, 2026
Feb. 01, 2026
Accounting Policies [Abstract]    
Restricted cash $ 10.9 $ 10.1
Restricted cash, included in prepaid expenses and other current assets $ 2.6 $ 2.4
v3.26.1
Financial Instruments - Cash Equivalents, Marketable Securities and Restricted Cash (Details) - USD ($)
$ in Thousands
May 03, 2026
Feb. 01, 2026
Debt Securities, Available-for-Sale [Abstract]    
Amortized Cost $ 666,758  
Total 666,955  
Cash Equivalents 648,419 $ 316,849
Marketable Securities 666,955 692,446
Total amortized cost 713,954 708,314
Total gross unrealized gains 1,524 3,624
Total gross unrealized losses (1,327) (105)
Total fair value 1,315,374 1,009,295
Level 1 | Money market accounts    
Debt Securities, Available-for-Sale [Abstract]    
Total 601,223 297,462
Cash Equivalents 601,223 297,462
Marketable Securities 0 0
Level 2 | U.S. government treasury notes    
Debt Securities, Available-for-Sale [Abstract]    
Amortized Cost 303,873 289,069
Gross Unrealized Gains 212 790
Gross Unrealized Losses (967) (95)
Total 303,118 289,764
Cash Equivalents 47,196 19,387
Marketable Securities 255,922 270,377
Level 2 | U.S. government agencies    
Debt Securities, Available-for-Sale [Abstract]    
Amortized Cost 9,193 9,194
Gross Unrealized Gains 200 148
Gross Unrealized Losses 0 (1)
Total 9,393 9,341
Cash Equivalents 0 0
Marketable Securities 9,393 9,341
Level 2 | Corporate debt securities    
Debt Securities, Available-for-Sale [Abstract]    
Amortized Cost 338,355 335,347
Gross Unrealized Gains 997 2,341
Gross Unrealized Losses (280) (1)
Total 339,072 337,687
Cash Equivalents 0 0
Marketable Securities 339,072 337,687
Level 2 | Foreign government bonds    
Debt Securities, Available-for-Sale [Abstract]    
Amortized Cost 1,484 6,555
Gross Unrealized Gains 0 3
Gross Unrealized Losses (1) 0
Total 1,483 6,558
Cash Equivalents 0 0
Marketable Securities 1,483 6,558
Level 2 | Asset-backed securities    
Debt Securities, Available-for-Sale [Abstract]    
Amortized Cost 41,974 47,768
Gross Unrealized Gains 114 324
Gross Unrealized Losses (27) 0
Total 42,061 48,092
Cash Equivalents 0 0
Marketable Securities 42,061 48,092
Level 2 | Municipal bonds    
Debt Securities, Available-for-Sale [Abstract]    
Amortized Cost 19,075 20,381
Gross Unrealized Gains 1 18
Gross Unrealized Losses (52) (8)
Total 19,024 20,391
Cash Equivalents 0 0
Marketable Securities $ 19,024 $ 20,391
v3.26.1
Financial Instruments - Amortized Cost and Estimated Fair Value (Details)
$ in Thousands
May 03, 2026
USD ($)
Amortized Cost  
Due within one year $ 220,882
Due in one to five years 445,683
Due in five to ten years 193
Amortized Cost 666,758
Fair Value  
Due within one year 221,528
Due in one to five years 445,234
Due in five to ten years 193
Fair Value $ 666,955
v3.26.1
Financial Instruments - Additional Information (Details) - USD ($)
 3 Months Ended
May 03, 2026
May 04, 2025
Feb. 01, 2026
Investments, Debt and Equity Securities [Abstract]      
Impairment charge for unrealized losses $ 0 $ 0  
Carrying amount of our strategic investments 14,100,000   $ 14,100,000
Defined contribution plan, plan liabilities, fair value $ 19,600,000   $ 15,900,000
v3.26.1
Financial Instruments - Gross Unrealized Losses and Fair Values (Details) - USD ($)
$ in Thousands
May 03, 2026
Feb. 01, 2026
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]    
Fair Value, Less than 12 months $ 277,815 $ 98,943
Unrealized Loss, Less than 12 months (1,327) (105)
U.S. government treasury notes    
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]    
Fair Value, Less than 12 months 175,407 85,422
Unrealized Loss, Less than 12 months (967) (95)
U.S. government agencies    
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]    
Fair Value, Less than 12 months   2,999
Unrealized Loss, Less than 12 months   (1)
Corporate debt securities    
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]    
Fair Value, Less than 12 months 71,614 942
Unrealized Loss, Less than 12 months (280) (1)
Foreign government bonds    
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]    
Fair Value, Less than 12 months 1,483 2,970
Unrealized Loss, Less than 12 months (1) 0
Asset-backed securities    
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]    
Fair Value, Less than 12 months 13,394  
Unrealized Loss, Less than 12 months (27)  
Municipal bonds    
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]    
Fair Value, Less than 12 months 15,917 6,610
Unrealized Loss, Less than 12 months $ (52) $ (8)
v3.26.1
Balance Sheet Components - Inventory (Details) - USD ($)
$ in Thousands
May 03, 2026
Feb. 01, 2026
Balance Sheet Components Disclosure [Abstract]    
Raw materials $ 46,120 $ 39,970
Finished goods 31,820 35,965
Inventory $ 77,940 $ 75,935
v3.26.1
Balance Sheet Components - Prepaid Expenses and Other Current Assets (Details) - USD ($)
$ in Thousands
May 03, 2026
Feb. 01, 2026
Balance Sheet Components Disclosure [Abstract]    
Prepaid expenses $ 95,457 $ 80,283
Other receivables 301,511 249,990
Other current assets 40,049 25,742
Total prepaid expenses and other current assets $ 437,017 $ 356,015
v3.26.1
Balance Sheet Components - Property and Equipment, Net (Details) - USD ($)
$ in Thousands
May 03, 2026
Feb. 01, 2026
Property Plant And Equipment [Line Items]    
Total property and equipment $ 1,254,735 $ 1,212,678
Less: accumulated depreciation and amortization (640,818) (625,656)
Property and equipment, net 613,917 587,022
Test and infrastructure equipment    
Property Plant And Equipment [Line Items]    
Total property and equipment 495,088 499,903
Computer equipment and software    
Property Plant And Equipment [Line Items]    
Total property and equipment 523,227 488,355
Furniture and fixtures    
Property Plant And Equipment [Line Items]    
Total property and equipment 16,932 14,609
Leasehold improvements    
Property Plant And Equipment [Line Items]    
Total property and equipment 117,664 114,510
Capitalized software development costs    
Property Plant And Equipment [Line Items]    
Total property and equipment $ 101,824 $ 95,301
v3.26.1
Balance Sheet Components - Narrative (Details) - USD ($)
 3 Months Ended
May 03, 2026
May 04, 2025
Feb. 01, 2026
Intangible Asset, Finite-Lived [Line Items]      
Depreciation and amortization $ 38,800,000 $ 30,300,000  
Intangible assets amortization expense 2,000,000.0 4,000,000.0  
Goodwill 365,075,000   $ 365,075,000
Impairments to goodwill $ 0 $ 0  
Technology patents      
Intangible Asset, Finite-Lived [Line Items]      
Useful life (in years) 2 months 12 days    
Developed technology      
Intangible Asset, Finite-Lived [Line Items]      
Useful life (in years) 2 months 12 days    
Customer relationships      
Intangible Asset, Finite-Lived [Line Items]      
Useful life (in years) 1 year 4 months 24 days    
v3.26.1
Balance Sheet Components - Intangible Assets, Net (Details) - USD ($)
$ in Thousands
May 03, 2026
Feb. 01, 2026
Finite-Lived Intangible Assets:    
Net Carrying Amount $ 5,072  
Indefinite and Finite-Lived Intangible Assets:    
Intangible Asset, Excluding Goodwill, before Accumulated Amortization 115,763 $ 115,773
Intangible Assets (Excluding Goodwill), Accumulated Amortization (110,421) (108,427)
Intangible assets, net 5,342 7,346
Trade name and trademarks    
Indefinite and Finite-Lived Intangible Assets:    
Gross Carrying Value 3,893 3,903
Accumulated Amortization (3,623) (3,623)
Net Carrying Amount 270 280
Technology patents    
Finite-Lived Intangible Assets:    
Gross Carrying Value 20,875 20,875
Accumulated Amortization (19,800) (19,370)
Net Carrying Amount 1,075 1,505
Developed technology    
Finite-Lived Intangible Assets:    
Gross Carrying Value 84,536 84,536
Accumulated Amortization (81,841) (80,506)
Net Carrying Amount 2,695 4,030
Customer relationships    
Finite-Lived Intangible Assets:    
Gross Carrying Value 6,459 6,459
Accumulated Amortization (5,157) (4,928)
Net Carrying Amount $ 1,302 $ 1,531
v3.26.1
Balance Sheet Components - Expected Amortization Expenses for Intangible Assets (Details)
$ in Thousands
May 03, 2026
USD ($)
Balance Sheet Components Disclosure [Abstract]  
Remainder of 2027 $ 1,813
2028 1,767
2029 868
2030 427
2031 197
Net Carrying Amount $ 5,072
v3.26.1
Balance Sheet Components - Accrued Expenses and Other Liabilities (Details) - USD ($)
$ in Thousands
May 03, 2026
Feb. 01, 2026
Balance Sheet Components Disclosure [Abstract]    
Sales and Excise Tax Payable, Current $ 14,992 $ 14,044
Accrued sales, marketing and partner liabilities 56,746 67,563
Engineering-related accruals 6,955 6,352
Supply chain-related accruals 8,842 12,961
Accrued service logistics and professional services 14,734 13,570
Customer deposits from contracts with customers 33,356 32,905
Other accrued liabilities 46,317 36,943
Total accrued expenses and other liabilities $ 181,942 $ 184,338
v3.26.1
Deferred Revenue and Commissions - Deferred Commissions (Details) - USD ($)
 3 Months Ended
May 03, 2026
May 04, 2025
Deferred Commissions [Roll Forward]    
Beginning balance $ 419,569,000 $ 328,620,000
Additions 85,070,000 45,927,000
Recognition of deferred commissions (72,390,000) (42,270,000)
Ending balance $ 432,249,000 332,277,000
Commission expected to be recognized over the next 12 months (percent) 33.00%  
Commission recognition period 12 months  
Impairment of capitalized commissions $ 0 $ 0
v3.26.1
Deferred Revenue and Commissions - Deferred Revenue (Details) - USD ($)
$ in Thousands
 3 Months Ended
May 03, 2026
May 04, 2025
Contract Liability    
Additions $ 85,070 $ 45,927
Recognition of deferred revenue (72,390) (42,270)
Deferred revenue recognized 439,200 340,800
Product Revenue and Support Subscription Revenue    
Contract Liability    
Beginning balance 2,227,497 1,795,303
Additions 647,030 427,687
Recognition of deferred revenue (497,170) (395,445)
Ending balance $ 2,377,357 $ 1,827,545
v3.26.1
Deferred Revenue and Commissions - Remaining Performance Obligation (Details)
$ in Millions
May 03, 2026
USD ($)
Revenue from Contract with Customer [Abstract]  
Contracted but not recognized revenue $ 3,800.0
Lessor arrangement $ 51.4
v3.26.1
Deferred Revenue and Commissions - Remaining Performance Obligation Period (Details) - Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-05-04
May 03, 2026
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Revenue expected to be recognized (as a percent) 43.00%
Revenue expected to be recognized term (in months) 12 months
v3.26.1
Debt (Details) - USD ($)
 1 Months Ended
Jun. 10, 2025
Jun. 30, 2025
May 03, 2026
May 31, 2025
Revolving Credit Facility        
Debt Instrument [Line Items]        
Term of credit facility   5 years    
Senior secured revolving credit facility maximum capacity   $ 500,000,000.0    
Consolidated leverage ratio, maximum   3.5    
Consolidated leverage ratio, maximum for first six consecutive quarters following a qualified acquisition   4    
Outstanding borrowings     $ 0  
Revolving Credit Facility | Base Rate | Interest Rate Floor        
Debt Instrument [Line Items]        
Effective interest rate (percent)   0.00%    
Revolving Credit Facility | Secured Overnight Financing Rate | Interest Rate Floor        
Debt Instrument [Line Items]        
Effective interest rate (percent)   0.00%    
Revolving Credit Facility | Minimum        
Debt Instrument [Line Items]        
Commitment fee (percent)   0.075%    
Revolving Credit Facility | Minimum | Base Rate        
Debt Instrument [Line Items]        
Margin rate (percent)   0.00%    
Revolving Credit Facility | Minimum | Secured Overnight Financing Rate        
Debt Instrument [Line Items]        
Margin rate (percent)   0.875%    
Revolving Credit Facility | Maximum        
Debt Instrument [Line Items]        
Commitment fee (percent)   0.20%    
Revolving Credit Facility | Maximum | Base Rate        
Debt Instrument [Line Items]        
Margin rate (percent)   0.50%    
Revolving Credit Facility | Maximum | Secured Overnight Financing Rate        
Debt Instrument [Line Items]        
Margin rate (percent)   1.50%    
Previous Revolving Credit Facility        
Debt Instrument [Line Items]        
Senior secured revolving credit facility maximum capacity       $ 300,000,000.0
Repayment of previous credit facility $ 100,000,000.0      
v3.26.1
Commitments and Contingencies (Details) - USD ($)
May 03, 2026
Feb. 01, 2026
Line of Credit Facility [Line Items]    
Outstanding letters of credit $ 16,600,000 $ 13,000,000.0
Loss contingency 0  
Revolving Credit Facility    
Line of Credit Facility [Line Items]    
Outstanding letters of credit $ 4,900,000 $ 2,000,000.0
v3.26.1
Leases - Narrative (Details) - USD ($)
$ in Thousands
 3 Months Ended
May 03, 2026
May 04, 2025
Lessee, Lease, Description [Line Items]    
Aggregate lease payments $ 271,448  
Lessor arrangement, term of contract 7 years  
Non-cancelable lease payments receivable, net $ 372,900  
Sales-type lease, revenue 29,200 $ 0
Sales-type lease, selling profit 27,000  
Subscription and non-lease components of service revenue 15,100 $ 7,200
Headquarters Office and Data Center    
Lessee, Lease, Description [Line Items]    
Aggregate lease payments $ 366,600  
Minimum    
Lessee, Lease, Description [Line Items]    
Finance lease, term 3 years  
Minimum | Headquarters Office and Data Center    
Lessee, Lease, Description [Line Items]    
Operating lease, term of contract 5 years  
Maximum    
Lessee, Lease, Description [Line Items]    
Finance lease, term 5 years  
Maximum | Headquarters Office and Data Center    
Lessee, Lease, Description [Line Items]    
Operating lease, term of contract 12 years  
v3.26.1
Leases - Lease Costs (Details) - USD ($)
$ in Thousands
 3 Months Ended
May 03, 2026
May 04, 2025
Leases [Abstract]    
Fixed operating lease cost $ 13,830 $ 12,867
Variable lease cost 3,372 2,033
Short-term lease cost (12 months or less) 1,361 1,126
Total lease cost $ 18,563 $ 16,026
v3.26.1
Leases - Lease Term and Discount Rate (Details)
May 03, 2026
Feb. 01, 2026
Operating leases:    
Weighted-average remaining lease term (in years) 5 years 3 months 18 days 4 years 8 months 12 days
Weighted-average discount rate 5.70% 6.50%
v3.26.1
Leases - Supplemental Cash Flow Information Related to Leases (Details) - USD ($)
$ in Thousands
 3 Months Ended
May 03, 2026
May 04, 2025
Cash paid for amounts included in the measurement of lease liabilities:    
Operating cash outflows for operating leases $ 14,014 $ 16,369
Right-of-use assets obtained in exchange for lease liabilities:    
Operating leases $ 31,261 $ 1,473
v3.26.1
Leases - Future Lease Payments (Details)
$ in Thousands
May 03, 2026
USD ($)
Operating Leases  
Remainder of 2027 $ 27,411
2028 56,518
2029 56,053
2030 53,042
2031 44,478
Thereafter 33,946
Total future lease payments 271,448
Less: imputed interest (40,487)
Present value of total lease liabilities $ 230,961
v3.26.1
Leases - Future Minimum Lease Payments on Lease Receivables (Details)
$ in Thousands
May 03, 2026
USD ($)
Leases [Abstract]  
Non-lease components of remaining amount $ 182,700
Sales-Type Leases  
Remainder of 2027 16,325
2028 21,267
2029 24,916
2030 29,300
2031 29,300
Thereafter 33,541
Total future lease payments to be received 154,649
Operating Lease  
Remainder of 2027 9,406
2028 9,063
2029 3,354
2030 0
2031 0
Thereafter 0
Total future lease payments to be received $ 21,823
v3.26.1
Stockholders' Equity (Details)
$ / shares in Units, $ in Millions
May 03, 2026
USD ($)
stock_class
$ / shares
shares
Feb. 01, 2026
$ / shares
shares
Class of Stock [Line Items]    
Preferred stock, shares authorized (in shares) 20,000,000 20,000,000
Preferred stock, shares issued (in shares) 0 0
Preferred stock, shares outstanding (in shares) 0 0
Number of classes of stock | stock_class 2  
Common stock, shares authorized (in shares) 2,250,000,000 2,250,000,000
Authorized amount remaining under stock repurchase program | $ $ 244.9  
Class A common stock    
Class of Stock [Line Items]    
Common stock, shares authorized (in shares) 2,000,000,000 2,000,000,000
Common stock, par value per share (in dollars per share) | $ / shares $ 0.0001 $ 0.0001
Common stock, shares issued (in shares) 332,054,000 330,353,000
Common stock, shares outstanding (in shares) 332,054,000 330,353,000
Class B common stock    
Class of Stock [Line Items]    
Common stock, shares authorized (in shares) 250,000,000 250,000,000
Common stock, par value per share (in dollars per share) | $ / shares $ 0.0001 $ 0.0001
Common Stock | Board of Directors    
Class of Stock [Line Items]    
Additional value approved for repurchase | $ $ 1,800.0  
v3.26.1
Stockholders' Equity - Stock Repurchase Activity (Details) - Common Stock - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 3 Months Ended
May 03, 2026
May 04, 2025
Class of Stock [Line Items]    
Number of shares repurchased and retired (in shares) 1,282 2,492
Average price per share (in dollars per share) $ 65.59 $ 48.10
Aggregate purchase price $ 84,077 $ 119,887
v3.26.1
Equity Incentive Plans - Narrative (Details)
 3 Months Ended 12 Months Ended
May 03, 2026
USD ($)
purchasePeriod
$ / shares
shares
May 04, 2025
USD ($)
shares
Feb. 01, 2026
shares
Feb. 04, 2024
shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Share-based payment arrangement, expense $ 122,064,000 $ 96,275,000    
Restricted Stock Units        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Share-based payment arrangement, expense $ 85,600,000 77,200,000    
Compensation cost (in years) 3 years 1 month 6 days      
Compensation not yet recognized $ 1,100,000,000      
Granted (in shares) | shares 6,964,181      
PRSUs        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Vesting period (in years) 3 years      
Share-based payment arrangement, expense $ 24,700,000 8,000,000.0    
Compensation cost (in years) 1 year 10 months 24 days      
Compensation not yet recognized $ 47,300,000      
Granted (in shares) | shares 1,244,446      
Long-Term Performance Incentive RSUs        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Share-based payment arrangement, expense $ 3,800,000 $ 3,600,000    
Unrecognized stock-based compensation expense $ 49,600,000      
Compensation cost (in years) 3 years      
Granted (in shares) | shares     1,200,000 4,200,000
Share-based compensation arrangement, award requisite service period 5 years      
Class A common stock        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Closing price of stock (in dollars per share) | $ / shares $ 71.62      
2015 Equity Incentive Plan        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Equity awards expiration period (no later than) 10 years      
Tax withholding on vesting of restricted stock units (in shares) | shares (1,600,000) (1,200,000)    
Tax withholding on vesting of restricted stock units $ (101,000,000.0) $ (60,100,000)    
2015 Employee Stock Purchase Plan        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Employee stock purchase plan offering period 24 months      
Number of purchase periods | purchasePeriod 4      
Purchase period, term 6 months      
Modification charge $ 6,000,000.0      
Share-based payment arrangement, expense 8,000,000.0 $ 7,500,000    
Unrecognized stock-based compensation expense $ 37,500,000      
Compensation cost (in years) 1 year 3 months 18 days      
2015 Employee Stock Purchase Plan | Class A common stock        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Payroll deductions percentage 30.00%      
Share cap for ESPP at purchase date (in shares) | shares 3,000      
Dollar cap per purchase period $ 7,500      
Calendar year gap for ESPP contribution amount $ 25,000      
Purchase price as percentage of fair market value of common stock 85.00%      
Minimum | PRSUs        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Award vesting rights, target (as a percent) 0.00%      
Minimum | Long-Term Performance Incentive RSUs        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Vesting period (in years)     3 years 3 years
Minimum | 2015 Equity Incentive Plan        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Vesting period (in years) 2 years      
Maximum | PRSUs        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Award vesting rights, target (as a percent) 200.00%      
Maximum | Long-Term Performance Incentive RSUs        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Vesting period (in years)     5 years 5 years
Maximum | 2015 Equity Incentive Plan        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Vesting period (in years) 4 years      
v3.26.1
Equity Incentive Plans - Equity Incentive Plans (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 12 Months Ended
May 03, 2026
Feb. 01, 2026
Number of Shares    
Beginning balance (in shares) 1,142,394  
Options exercised (in shares) (562,224)  
Ending balance (in shares) 580,170 1,142,394
Vested and exercisable (in shares) 580,170  
Weighted- Average Exercise Price    
Beginning balance (in dollars per share) $ 13.80  
Options exercised (in dollars per share) 11.82  
Ending balance (in dollars per share) 15.71 $ 13.80
Weighted Average Exercise Price, Vested and exercisable (in dollars per share) $ 15.71  
Weighted- Average Remaining Contractual Life (in years)    
Weighted Average Remaining Contractual Life (in years) 1 year 7 months 6 days 1 year 8 months 12 days
Weighted Average Remaining Contractual Life (in years), Vested and exercisable 1 year 7 months 6 days  
Aggregate Intrinsic Value (in thousands)    
Aggregate Intrinsic Value $ 32,438 $ 64,144
Aggregate Intrinsic Value, Vested and exercisable $ 32,438  
v3.26.1
Equity Incentive Plans - Restricted Stock Units (Details) - Unvested RSUs and PRSUs - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 12 Months Ended
May 03, 2026
Feb. 01, 2026
Number of RSUs Outstanding    
Unvested, Beginning balance (in shares) 17,340,284  
Granted (in shares) 6,964,181  
Vested (in shares) (2,231,678)  
Forfeited or canceled (in shares) (428,350)  
Unvested, Ending balance (in shares) 21,644,437 17,340,284
Weighted- Average Grant Date Fair Value    
Beginning balance (in dollars per share) $ 44.32  
Granted (in dollars per share) 67.42  
Vested (in dollars per share) 36.89  
Forfeited and canceled (in dollars per share) 46.18  
Ending balance (in dollars per share) $ 52.48 $ 44.32
Aggregate intrinsic value $ 1,550,175 $ 1,205,843
v3.26.1
Equity Incentive Plans - Share-Based Payment Arrangement, Performance Restricted Stock Unit, Activity (Details) - PRSUs - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 12 Months Ended
May 03, 2026
Feb. 01, 2026
Number of RSUs Outstanding    
Unvested, Beginning balance (in shares) 1,936,107  
Granted (in shares) 1,244,446  
Vested and earned (in shares) (1,068,712)  
Forfeited (in shares) (40,825)  
Unvested, Ending balance (in shares) 2,071,016 1,936,107
Weighted- Average Grant Date Fair Value    
Beginning balance (in dollars per share) $ 52.33  
Granted (in dollars per share) 55.43  
Vested and earned (in dollars per share) 51.90  
Forfeited and canceled (in dollars per share) 51.01  
Ending balance (in dollars per share) $ 54.44 $ 52.33
Aggregate intrinsic value $ 148,326 $ 134,637
v3.26.1
Equity Incentive Plans - Share-Based Payment Arrangement, Long Term Performance Restricted Stock Unit, Activity (Details) - Long-Term Performance Incentive RSUs - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended
May 03, 2026
Feb. 01, 2026
Number of LTP Awards Outstanding    
Unvested, Beginning balance (in shares) 4,881,686  
Forfeited (in shares) (125,221)  
Unvested, Ending balance (in shares) 4,756,465  
Weighted- Average Grant Date Fair Value    
Beginning balance (in dollars per share) $ 20.11  
Forfeited (in dollars per share) 19.97  
Ending balance (in dollars per share) $ 20.11  
Aggregate intrinsic value $ 340,658 $ 339,472
v3.26.1
Equity Incentive Plans - Stock-Based Compensation (Details) - USD ($)
$ in Thousands
 3 Months Ended
May 03, 2026
May 04, 2025
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Total stock-based compensation expense, net of amounts capitalized $ 122,064 $ 96,275
Share-based compensation expense 2,100 1,900
Location, Statement of Income, Balance [Axis]: us-gaap:CostOfGoodsAndServicesSold | Product    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Total stock-based compensation expense, net of amounts capitalized 4,132 3,266
Location, Statement of Income, Balance [Axis]: us-gaap:CostOfGoodsAndServicesSold | Subscription services    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Total stock-based compensation expense, net of amounts capitalized 8,155 7,162
Location, Statement of Income, Balance [Axis]: us-gaap:GeneralAndAdministrativeExpense    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Total stock-based compensation expense, net of amounts capitalized 20,283 14,521
Location, Statement of Income, Balance [Axis]: us-gaap:ResearchAndDevelopmentExpense    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Total stock-based compensation expense, net of amounts capitalized 60,331 49,242
Location, Statement of Income, Balance [Axis]: us-gaap:SellingAndMarketingExpense    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Total stock-based compensation expense, net of amounts capitalized $ 29,163 $ 22,084
v3.26.1
Net Income (Loss) per Share Attributable to Common Stockholders - Net Income (Loss) per Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 3 Months Ended
May 03, 2026
May 04, 2025
Earnings Per Share [Abstract]    
Net income (loss) $ 24,078 $ (13,995)
Weighted-average shares used in computing net income (loss) per share attributable to common stockholders, basic (in shares) 331,152 326,539
Add: Add: dilutive effect of common stock equivalents (in shares) 12,341 0
Weighted-average shares used in computing net income (loss) per share attributable to common stockholders, diluted (in shares) 343,493 326,539
Net income (loss) per share attributable to common stockholders, basic (in dollars per share) $ 0.07 $ (0.04)
Net income (loss) per share attributable to common stockholders, diluted (in dollars per share) $ 0.07 $ (0.04)
v3.26.1
Net Income (Loss) per Share Attributable to Common Stockholders - Weighted-average Outstanding Shares Excluded from Computation of Diluted Net Income (Loss) per Share Attributable to Common Stockholders (Details) - shares
shares in Thousands
 3 Months Ended
May 03, 2026
May 04, 2025
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]    
Anti-dilutive securities excluded from computation of earnings per share, amount (in shares) 1,686 23,412
Employee Stock Option    
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]    
Anti-dilutive securities excluded from computation of earnings per share, amount (in shares) 0 2,257
Unvested RSUs and PRSUs    
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]    
Anti-dilutive securities excluded from computation of earnings per share, amount (in shares) 1,686 20,691
Shares issuable pursuant to the ESPP    
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]    
Anti-dilutive securities excluded from computation of earnings per share, amount (in shares) 0 464
v3.26.1
Other Income (Expense), Net - Other Income (Details) - USD ($)
$ in Thousands
 3 Months Ended
May 03, 2026
May 04, 2025
Other Income and Expenses [Abstract]    
Interest income $ 14,304 $ 16,876
Interest expense (239) (1,807)
Foreign currency transactions gains (losses) (3,032) 14,479
Other income 2,898 2,107
Total other income (expense), net $ 13,931 $ 31,655
v3.26.1
Segment Information - Narrative (Details)
 3 Months Ended
May 03, 2026
segment
Segment Reporting [Abstract]  
Number of operating segments 1
Number of reportable segments 1
v3.26.1
Segment Information and Geographic Areas - Revenue by Geographic Area (Details) - USD ($)
$ in Thousands
 3 Months Ended
May 03, 2026
May 04, 2025
Revenues From External Customers And Long Lived Assets [Line Items]    
Total revenue $ 1,052,896 $ 778,485
United States    
Revenues From External Customers And Long Lived Assets [Line Items]    
Total revenue 739,390 530,658
Rest of the world    
Revenues From External Customers And Long Lived Assets [Line Items]    
Total revenue $ 313,506 $ 247,827
v3.26.1
Segment Information and Geographic Areas - Long-Lived Assets by Geographic Area (Details) - USD ($)
$ in Thousands
May 03, 2026
Feb. 01, 2026
Revenues From External Customers And Long Lived Assets [Line Items]    
Total long-lived assets $ 613,917 $ 587,022
United States    
Revenues From External Customers And Long Lived Assets [Line Items]    
Total long-lived assets 590,988 569,932
Rest of the world    
Revenues From External Customers And Long Lived Assets [Line Items]    
Total long-lived assets $ 22,929 $ 17,090
v3.26.1
Subsequent Events (Details)
$ in Millions
May 07, 2026
USD ($)
1touch | Subsequent Event  
Subsequent Event [Line Items]  
Total purchase consideration $ 125.0