Updated May 7, 2025, 12:34 PM UTC
| Income Statement - Metric | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | FY 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | FY 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | FY 2024 | Q1 2025 | Q2 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (Products) [USD, thousands] | 277,191 | 53,393 | 59,017 | 68,763 | 62,234.00 | 243,407 | 43,827 | 41,955 | |||||||||
| Revenue (Services) [USD, thousands] | 387,881 | 100,924 | 100,117 | 104,046 | 107,829.00 | 412,916 | 103,683 | 101,463 | |||||||||
| Total revenue [USD, thousands] | 665,072 | 154,317 | 159,134 | 172,809 | 170,063.00 | 656,323 | 147,510 | 143,418 | |||||||||
| Cost of revenue (Products) [USD, thousands] | 186,090 | 36,838 | 41,658 | 47,555 | 44,043.00 | 170,094 | 25,334 | 23,159 | |||||||||
| Cost of revenue (Services) [USD, thousands] | 215,842 | 55,967 | 54,091 | 56,198 | 56,606.00 | 222,862 | 53,505 | 54,373 | |||||||||
| Total cost of revenue [USD, thousands] | 401,932 | 92,805 | 95,749 | 103,753 | 100,649.00 | 392,956 | 78,839 | 77,532 | |||||||||
| Gross profit [USD, thousands] | 263,140 | 61,512 | 63,385 | 69,056 | 69,414.00 | 263,367 | 68,671 | 65,886 | |||||||||
| Operating expenses (Research and development) [USD, thousands] | 33,956 | 8,493 | 8,707 | 7,913 | 8,412.00 | 33,525 | 6,380 | 6,869 | |||||||||
| Operating expenses (Selling, general and administrative) [USD, thousands] | 316,282 | 78,576 | 78,314 | 73,833 | 72,014.00 | 302,737 | 73,213 | 71,588 | |||||||||
| Impairment of intangible assets [USD, thousands] | - | - | 115,975 | - | - | 115,975 | - | - | |||||||||
| Operating expenses (Contingent consideration - fair value adjustments) [USD, thousands] | (18,549) | - | - | - | - | - | - | - | |||||||||
| Restructuring charges [USD, thousands] | 4,577 | 1,120 | 7,344 | 2,064 | 1,280.00 | 11,808 | 431 | 3,580 | |||||||||
| Total operating expenses [USD, thousands] | 336,266 | 88,189 | 210,340 | 83,810 | 81,706.00 | 464,045 | 80,024 | 82,037 | |||||||||
| Operating loss [USD, thousands] | (73,126) | (26,677) | (146,955) | (14,754) | (12,292.00) | (200,678) | (11,353) | (16,151) | |||||||||
| Other income (Interest income, net) [USD, thousands] | 43,735 | 10,081 | 9,565 | 8,004 | 5,527.00 | 33,177 | 4,298 | 4,489 | |||||||||
| Other income (Other income (expense), net) [USD, thousands] | (1,042) | 682 | 250 | (282) | (472.00) | 178 | 1,203 | 1,157 | |||||||||
| Loss before income taxes [USD, thousands] | (30,433) | (15,914) | (137,140) | (7,032) | (7,237.00) | (167,323) | (5,852) | (10,505) | |||||||||
| Income tax (benefit) expense [USD, thousands] | (17,550) | (190) | (260) | (450) | (2,253.00) | (3,153) | 3,569 | 7,680 | |||||||||
| Loss from continuing operations [USD, thousands] | (12,883) | - | (136,880) | (6,582) | - | (164,170) | (9,421) | (18,185) | |||||||||
| Income (loss) from discontinued operations, net of tax [USD, thousands] | (1,374) | - | - | - | - | - | (3,919) | (22,271) | |||||||||
| Net loss [USD, thousands] | (14,257) | (15,724) | (136,880) | (6,582) | (4,984.00) | (164,170) | (13,340) | (40,456) | |||||||||
| Basic net loss per share (Loss from continuing operations) [USD] | (0.19) | - | (2.47) | (0.12) | - | (3.09) | (0.21) | (0.40) | |||||||||
| Basic net loss per share (Income (loss) from discontinued operations, net of tax) [USD] | (0.02) | - | - | - | - | - | (0.09) | (0.49) | |||||||||
| Basic net loss per share [USD] | (0.22) | (0.28) | (2.47) | (0.12) | (0.22) | (3.09) | (0.29) | (0.88) | |||||||||
| Diluted net loss per share (Loss from continuing operations) [USD] | (0.19) | - | (2.47) | (0.12) | - | (3.09) | (0.21) | (0.40) | |||||||||
| Diluted net loss per share (Income (loss) from discontinued operations, net of tax) [USD] | (0.02) | - | - | - | - | - | (0.09) | (0.49) | |||||||||
| Diluted net loss per share [USD] | (0.22) | (0.28) | (2.47) | (0.12) | (0.22) | (3.09) | (0.29) | (0.88) | |||||||||
| Weighted average shares used in computing net loss per share (Basic) [shares, thousands] | 66,253 | 56,709 | 55,440 | 52,963 | (111,937.00) | 53,175 | 45,626 | 45,732 | |||||||||
| Weighted average shares used in computing net loss per share (Diluted) [shares, thousands] | 66,253 | 56,709 | 55,440 | 52,963 | (111,937.00) | 53,175 | 45,626 | 45,732 | |||||||||
| Balance Sheet - Metric | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | FY 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | FY 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | FY 2024 | Q1 2025 | Q2 2025 |
| Accounts payable (USD, thousands) | 35,796 | 40,237 | 37,319 | 39,115 | 44,433 | 44,433 | 31,740 | 39,155 | |||||||||
| Accounts receivable, net of allowance for expected credit losses (USD, thousands) | 156,535 | 155,926 | 154,668 | 167,613 | 172,711 | 172,711 | 155,038 | 149,490 | |||||||||
| Accrued compensation and benefits (USD, thousands) | 33,911 | 33,368 | 27,985 | 31,229 | 30,713 | 30,713 | 28,405 | 26,039 | |||||||||
| Accrued customer deposits (USD, thousands) | 17,707 | 23,432 | 21,772 | 20,954 | 22,324 | 22,324 | 26,833 | 26,318 | |||||||||
| Accrued expenses and other current liabilities (USD, thousands) | 50,704 | 56,462 | 46,347 | 46,213 | 51,878 | 51,878 | 38,965 | 43,102 | |||||||||
| Accrued income taxes payable (USD, thousands) | 7,378 | 13,228 | 10,706 | 11,705 | 13,278 | 13,278 | 6,931 | 10,321 | |||||||||
| Accrued VAT payable (USD, thousands) | 20,595 | 24,033 | - | - | 106 | 106 | - | - | |||||||||
| Accrued warranty and retrofit costs (USD, thousands) | 10,223 | 10,047 | 9,745 | 9,351 | 10,129 | 10,129 | 4,973 | 5,237 | |||||||||
| Accumulated other comprehensive loss (USD, thousands) | (62,426) | (26,784) | (41,728) | (44,895) | (13,464) | (13,464) | (55,237) | (42,149) | |||||||||
| Additional paid-in capital (USD, thousands) | 1,156,160 | 1,045,427 | 999,333 | 758,269 | 505,958 | 505,958 | 511,068 | 520,961 | |||||||||
| Cash and cash equivalents (USD, thousands) | 678,910 | 702,923 | 353,491 | 336,543 | 310,929 | 310,929 | 377,494 | 253,642 | |||||||||
| Common stock, $0.01 par value (USD, thousands) | 713 | 692 | 681 | 639 | 590 | 590 | 592 | 593 | |||||||||
| Current assets held for sale (USD, thousands) | - | - | - | - | - | - | 72,573 | 79,754 | |||||||||
| Current liabilities held for sale (USD, thousands) | - | - | - | - | - | - | 23,602 | 28,933 | |||||||||
| Derivative asset (USD, thousands) | 13,036 | 0 | 350 | 834 | — | — | - | - | |||||||||
| Deferred revenue (USD, thousands) | 34,614 | 34,813 | 38,323 | 33,268 | 31,978 | 31,978 | 41,018 | 41,608 | |||||||||
| Goodwill (USD, thousands) | 784,339 | 800,166 | 681,140 | 679,691 | 691,409 | 691,409 | 672,906 | 682,955 | |||||||||
| Intangible assets, net (USD, thousands) | 294,301 | 290,229 | 267,626 | 253,475 | 248,030 | 248,030 | 115,822 | 111,202 | |||||||||
| Inventories (USD, thousands) | 128,198 | 127,184 | 122,351 | 115,270 | 115,256 | 115,256 | 81,006 | 83,321 | |||||||||
| Long-term deferred tax assets (USD, thousands) | 571 | 1,341 | 925 | 1,231 | 837 | 837 | 627,837 | - | |||||||||
| Long-term deferred tax liabilities (USD, thousands) | 67,301 | 65,865 | 62,267 | 58,080 | 54,177 | 54,177 | 18,668 | 22,458 | |||||||||
| Long-term marketable securities (USD, thousands) | 111,338 | 61,962 | 143,018 | 148,086 | 49,454 | 49,454 | 27,433 | 176,781 | |||||||||
| Long-term operating lease liabilities (USD, thousands) | - | - | 63,374 | 60,654 | 58,792 | 58,792 | 54,341 | 53,696 | |||||||||
| Long-term tax reserves (USD, thousands) | 380 | 369 | 377 | - | 398 | 398 | 408,398 | - | |||||||||
| Noncurrent assets held for sale (USD, thousands) | - | - | - | - | - | - | 158,604 | 140,963 | |||||||||
| Noncurrent liabilities held for sale (USD, thousands) | - | - | - | - | - | - | 38,131 | 33,087 | |||||||||
| Operating lease right-of-use assets (USD, thousands) | - | - | 69,662 | - | 63,992 | 63,992 | 60,460 | 59,856 | |||||||||
| Other assets (USD, thousands) | 70,471 | 77,187 | 10,155 | 77,030 | 10,858 | 10,858 | 9,410 | 7,125 | |||||||||
| Other long-term liabilities (USD, thousands) | 12,175 | 12,317 | 11,609 | 11,589 | 12,868 | 12,868 | 8,229 | 10,062 | |||||||||
| Preferred stock, $0.01 par value - 1,000,000 shares authorized, no shares issued or outstanding (USD, thousands) | 0 | 0 | 0 | — | — | — | — | — | |||||||||
| Prepaid expenses and other current assets (USD, thousands) | 98,754 | 110,764 | 87,897 | 88,102 | 80,680 | 80,680 | 72,140 | 67,590 | |||||||||
| Property, plant and equipment, net (USD, thousands) | 205,744 | 210,628 | 200,905 | 196,124 | 202,654 | 202,654 | 149,666 | 151,716 | |||||||||
| Retained earnings (USD, thousands) | 1,641,009 | 1,625,285 | 1,488,405 | 1,481,823 | 1,476,839 | 1,476,839 | 1,463,499 | 1,423,043 | |||||||||
| Short-term marketable securities (USD, thousands) | 338,873 | 281,212 | 468,220 | 259,296 | 151,162 | 151,162 | 85,951 | 74,697 | |||||||||
| Short-term operating lease liability (USD, thousands) | - | - | 10,802 | 10,739 | - | - | - | - | |||||||||
| Short-term restricted cash (USD, thousands) | 4,650 | 4,792 | 3,089 | - | 2,069 | 2,069 | 2,080 | 2,102 | |||||||||
| Total assets (USD, thousands) | 2,885,720 | 2,824,314 | 2,563,497 | 2,323,295 | 2,100,041 | 2,100,041 | 2,041,210 | 2,041,925 | |||||||||
| Total current assets (USD, thousands) | 1,418,956 | 1,382,801 | 1,190,066 | 967,658 | 832,807 | 832,807 | 846,282 | 710,596 | |||||||||
| Total current liabilities (USD, thousands) | 210,928 | 235,620 | 202,999 | 202,574 | 204,839 | 204,839 | 202,467 | 220,713 | |||||||||
| Total liabilities (USD, thousands) | 351,220 | 380,650 | 340,626 | 332,897 | 331,074 | 331,074 | 322,244 | 340,433 | |||||||||
| Total liabilities and stockholders' equity (USD, thousands) | 2,885,720 | 2,824,314 | 2,563,497 | 2,323,295 | 2,100,041 | 2,100,041 | 2,041,210 | 2,041,925 | |||||||||
| Total stockholders' equity (USD, thousands) | 2,534,500 | 2,443,664 | 2,222,871 | 1,990,398 | 1,768,967 | 1,768,967 | 1,718,966 | 1,701,492 | |||||||||
| Treasury stock, at cost (USD, thousands) | (200,956) | (200,956) | (223,820) | (205,438) | (200,956) | (200,956) | (200,956) | (200,956) | |||||||||
| Cash Flow - Metric | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | FY 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | FY 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | FY 2024 | Q1 2025 | Q2 2025 |
| Net income (loss) (USD, thousands) | (14,257) | (15,724) | (136,880.00) | - | - | - | - | - | |||||||||
| Depreciation and amortization (USD, thousands) | 85,584 | 21,866 | 22,348.00 | - | - | - | - | - | |||||||||
| Stock-based compensation (USD, thousands) | 9,376 | 3,202 | 5,602.00 | - | - | - | - | - | |||||||||
| Contingent consideration adjustment (USD, thousands) | (18,549) | - | - | - | - | - | - | - | |||||||||
| Amortization and accretion on marketable securities (USD, thousands) | (7,870) | (704) | (1,380.00) | - | - | - | - | - | |||||||||
| Deferred income taxes (USD, thousands) | (28,654) | (7,317) | (2,139.00) | - | - | - | - | - | |||||||||
| Loss on extinguishment of debt (USD, thousands) | - | - | - | - | - | - | - | - | |||||||||
| Purchase accounting impact on inventory (USD, thousands) | 9,664 | - | - | - | - | - | - | - | |||||||||
| (Gain) loss on disposals of property, plant and equipment (USD, thousands) | 43 | 266 | (6.00) | - | - | - | - | - | |||||||||
| Gain on divestiture, net of tax (USD, thousands) | - | - | - | - | - | - | - | - | |||||||||
| Fees paid stemming from divestiture (USD, thousands) | - | - | - | - | - | - | - | - | |||||||||
| Taxes paid stemming from divestiture (USD, thousands) | - | - | - | - | - | - | - | - | |||||||||
| Changes in operating assets and liabilities: Accounts receivable (USD, thousands) | 33,992 | 2,830 | 92.00 | - | - | - | - | - | |||||||||
| Changes in operating assets and liabilities: Inventories (USD, thousands) | 8,253 | 4,542 | 3,433.00 | - | - | - | - | - | |||||||||
| Changes in operating assets and liabilities: Accounts payable (USD, thousands) | (14,710) | 3,457 | (2,521.00) | - | - | - | - | - | |||||||||
| Changes in operating assets and liabilities: Deferred revenue (USD, thousands) | (7,564) | (321) | 3,700.00 | - | - | - | - | - | |||||||||
| Changes in operating assets and liabilities: Accrued warranty and retrofit costs (USD, thousands) | 4,560 | (554) | (160.00) | - | - | - | - | - | |||||||||
| Changes in operating assets and liabilities: Accrued compensation and tax withholdings (USD, thousands) | (15,434) | (979) | (5,174.00) | - | - | - | - | - | |||||||||
| Changes in operating assets and liabilities: Accrued restructuring costs (USD, thousands) | 311 | (90) | 1,544.00 | - | - | - | - | - | |||||||||
| Changes in operating assets and liabilities: Other current assets and liabilities (USD, thousands) | (26,944) | - | - | - | - | - | - | - | |||||||||
| Changes in operating assets and liabilities: Other assets and liabilities (USD, thousands) | - | 15,957 | (3,044.00) | - | - | - | - | - | |||||||||
| Net cash provided by (used in) operating activities (USD, thousands) | 17,490 | 26,431 | 8,356.00 | - | - | - | - | - | |||||||||
| Cash flows from investing activities: Purchases of property, plant and equipment (USD, thousands) | (39,436) | (11,919) | (6,827.00) | - | - | - | - | - | |||||||||
| Cash flows from investing activities: Purchases of technology intangibles (USD, thousands) | - | - | - | - | - | - | - | - | |||||||||
| Cash flows from investing activities: Purchases of marketable securities (USD, thousands) | (236,194) | - | - | - | - | - | - | - | |||||||||
| Cash flows from investing activities: Sales and maturities of marketable securities (USD, thousands) | 1,064,209 | 110,316 | 80,188.00 | - | - | - | - | - | |||||||||
| Cash flows from investing activities: Proceeds from divestiture, net of cash transferred (USD, thousands) | - | - | - | - | - | - | - | - | |||||||||
| Cash flows from investing activities: Net Investment hedge settlement (USD, thousands) | 29,313 | - | - | - | - | - | - | - | |||||||||
| Cash flows from investing activities: Acquisitions, net of cash acquired (USD, thousands) | (386,508) | - | - | - | - | - | - | - | |||||||||
| Net cash provided by (used in) investing activities (USD, thousands) | 431,384 | 98,397 | (270,610.00) | - | - | - | - | - | |||||||||
| Cash flows from financing activities: Proceeds from issuance of common stock (USD, thousands) | - | - | - | - | - | - | - | - | |||||||||
| Cash flows from financing activities: Principal payments on debt (USD, thousands) | - | - | - | - | - | - | - | - | |||||||||
| Cash flows from financing activities: Payments of finance leases (USD, thousands) | (578) | (198) | (188.00) | - | - | - | - | - | |||||||||
| Cash flows from financing activities: Payment for contingent consideration related to acquisition (USD, thousands) | - | - | - | - | - | - | - | - | |||||||||
| Cash flows from financing activities: Withholding tax payments on net share settlements on equity awards (USD, thousands) | (4,988) | (2) | - | - | - | - | - | - | |||||||||
| Cash flows from financing activities: Share repurchases (USD, thousands) | (838,514) | (112,953) | (73,881.00) | - | - | - | - | - | |||||||||
| Cash flows from financing activities: Common stock dividends (USD, thousands) | - | - | - | - | - | - | - | - | |||||||||
| Net cash used in financing activities (USD, thousands) | (844,080) | (113,153) | (74,067.00) | - | - | - | - | - | |||||||||
| Effects of exchange rate changes on cash and cash equivalents (USD, thousands) | 37,955 | 12,501 | (7,780.00) | - | - | - | - | - | |||||||||
| Net increase (decrease) in cash, cash equivalents and restricted cash (USD, thousands) | (357,251) | 24,176 | (344,101.00) | - | - | - | - | - | |||||||||
| Supplemental disclosures: Cash paid for interest (USD, thousands) | - | - | - | - | - | - | - | - | |||||||||
| Supplemental disclosures: Cash paid for income taxes, net (USD, thousands) | 43,073 | 2,599 | 2,409.00 | - | - | - | - | - | |||||||||
| Reconciliation: Cash and cash equivalents of continuing operations (USD, thousands) | 678,910 | 702,923 | (349,432.00) | - | - | - | - | - | |||||||||
| Reconciliation: Cash and cash equivalents included in assets held for sale (USD, thousands) | - | - | - | - | - | - | - | - | |||||||||
| Cash, cash equivalents and restricted cash, beginning of period (USD, thousands) | 1,041,296 | 684,045 | 684,045 | - | - | - | - | - | |||||||||
| Cash, cash equivalents and restricted cash, end of period (USD, thousands) | 684,045 | 708,221 | 364,120 | - | - | - | - | - | |||||||||
| Reconciliation: Short-term restricted cash (USD, thousands) | 4,650 | 4,792 | 3,089 | - | - | - | - | - | |||||||||
| Reconciliation: Long-term restricted cash included in other assets (USD, thousands) | 485 | 506 | 7,540 | - | - | - | - | - | |||||||||
| Reconciliation: Total cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows (USD, thousands) | 684,045 | 708,221 | 364,120 | - | - | - | - | - | |||||||||
| Revenue by Geography - in Millions of USD | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | FY 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | FY 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | FY 2024 | Q1 2025 | Q2 2025 |
| United States | - | - | - | - | - | - | - | - | |||||||||
| Africa | - | - | - | - | - | - | - | - | |||||||||
| China | - | - | - | - | - | - | - | - | |||||||||
| United Kingdom | - | - | - | - | - | - | - | - | |||||||||
| Rest of Europe | - | - | - | - | - | - | - | - | |||||||||
| Asia Pacific/Other | - | - | - | - | - | - | - | - | |||||||||
| Total Revenue | - | - | - | - | - | - | - | - |