Pure Storage (PSTG) 10-Q15 Dec 232024 Q3 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	9 Months Ended
Cover - shares	Nov. 05, 2023	Dec. 06, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Nov. 05, 2023
Document Transition Report	false
Entity File Number	001-37570
Entity Registrant Name	Pure Storage, 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	PSTG
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 (in shares)		315,972,820
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Entity Central Index Key	0001474432
Current Fiscal Year End Date	--02-04

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Nov. 05, 2023	Feb. 05, 2023
Current assets:
Cash and cash equivalents	$ 529,191	$ 580,854
Marketable securities	821,868	1,001,352
Accounts receivable, net of allowance of $1,057 and $1,178	636,324	612,491
Inventory	46,211	50,152
Deferred commissions, current	74,303	68,617
Prepaid expenses and other current assets	139,129	161,391
Total current assets	2,247,026	2,474,857
Property and equipment, net	337,559	272,445
Operating lease right-of-use assets	126,558	158,912
Deferred commissions, non-current	190,614	177,239
Intangible assets, net	36,868	49,222
Goodwill	361,427	361,427
Restricted cash	9,960	10,544
Other assets, non-current	45,497	38,814
Total assets	3,355,509	3,543,460
Current liabilities:
Accounts payable	101,092	67,121
Accrued compensation and benefits	149,705	232,636
Accrued expenses and other liabilities	141,241	123,749
Operating lease liabilities, current	44,301	33,707
Deferred revenue, current	801,562	718,149
Debt, current	0	574,506
Total current liabilities	1,237,901	1,749,868
Long-term debt	100,000	0
Operating lease liabilities, non-current	122,388	142,473
Deferred revenue, non-current	694,945	667,501
Other liabilities, non-current	51,820	42,385
Total liabilities	2,207,054	2,602,227
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; 304,076 and 315,986 Class A shares issued and outstanding	32	30
Additional paid-in capital	2,699,644	2,493,769
Accumulated other comprehensive loss	(10,032)	(15,504)
Accumulated deficit	(1,541,189)	(1,537,062)
Total stockholders’ equity	1,148,455	941,233
Total liabilities and stockholders’ equity	$ 3,355,509	$ 3,543,460

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Nov. 05, 2023	Feb. 05, 2023
Accounts receivable, allowance	$ 1,178	$ 1,057
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)	315,986,000	304,076,000
Common stock, shares outstanding (in shares)	315,986,000	304,076,000
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

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 05, 2023	Nov. 06, 2022	Nov. 05, 2023	Nov. 06, 2022
Total revenue	$ 762,838	$ 676,050	$ 2,040,816	$ 1,943,227
Total cost of revenue	210,091	209,715	588,129	606,898
Gross profit	552,747	466,335	1,452,687	1,336,329
Operating expenses:
Research and development	182,100	180,008	549,923	506,971
Sales and marketing	231,707	212,140	696,885	637,129
General and administrative	64,729	65,054	192,944	173,300
Impairment and other	0	0	16,766	0
Total operating expenses	478,536	457,202	1,456,518	1,317,400
Income (loss) from operations	74,211	9,133	(3,831)	18,929
Other income (expense), net	5,184	(2,814)	23,619	(8,410)
Income before provision for income taxes	79,395	6,319	19,788	10,519
Provision for income taxes	9,006	7,106	23,915	11,919
Net income (loss)	$ 70,389	$ (787)	$ (4,127)	$ (1,400)
Net income (loss) per share attributable to common stockholders, basic (in dollars per share)	$ 0.22	$ 0	$ (0.01)	$ 0
Net income (loss) per share attributable to common stockholders, diluted (in dollars per share)	$ 0.21	$ 0	$ (0.01)	$ 0
Weighted-average shares used in computing net income (loss) per share attributable to common stockholders, basic (in shares)	314,153	300,984	309,842	298,101
Weighted-average shares used in computing net income (loss) per share attributable to common stockholders, diluted (in shares)	330,255	300,984	309,842	298,101
Product
Total revenue	$ 453,277	$ 431,281	$ 1,161,978	$ 1,247,045
Total cost of revenue	126,770	135,546	343,588	395,322
Subscription services
Total revenue	309,561	244,769	878,838	696,182
Total cost of revenue	$ 83,321	$ 74,169	$ 244,541	$ 211,576

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 05, 2023	Nov. 06, 2022	Nov. 05, 2023	Nov. 06, 2022
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 70,389	$ (787)	$ (4,127)	$ (1,400)
Other comprehensive income (loss):
Unrealized net gains (losses) on available-for-sale securities	2,582	(3,656)	5,763	(15,365)
Less: reclassification adjustment for net (gains) losses on available-for-sale securities included in net income (loss)	(7)	2	(291)	(23)
Change in unrealized net gains (losses) on available-for-sale securities	2,575	(3,654)	5,472	(15,388)
Comprehensive income (loss)	$ 72,964	$ (4,441)	$ 1,345	$ (16,788)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders’ Equity - USD ($) shares in Thousands, $ in Thousands	Total	Restricted Stock Units	Cumulative-effect adjustment from adoption of ASU 2020-06	Common Stock	Common Stock Restricted Stock Units	Additional Paid-in Capital	Additional Paid-in Capital Restricted Stock Units	Additional Paid-in Capital Cumulative-effect adjustment from adoption of ASU 2020-06	Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss Cumulative-effect adjustment from adoption of ASU 2020-06	Accumulated Deficit
Beginning balance (in shares) at Feb. 06, 2022				292,633
Beginning balance at Feb. 06, 2022	$ 754,336		$ (35,127)	$ 29		$ 2,470,943		$ (133,265)	$ (8,365)	$ 98,138	$ (1,708,271)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of stock options (in shares)				2,316
Issuance of common stock upon exercise of stock options	19,139					19,139
Stock-based compensation expense	246,677					246,677
Vesting of restricted stock units (in shares)					10,632
Vesting of restricted stock units		$ 0			$ 1		$ (1)
Tax withholding on vesting of equity awards and restricted stock units (in shares)					(517)
Tax withholding on vesting of equity awards and restricted stock units		(16,130)					(16,130)
Common stock issued under employee stock purchase plan (in shares)				3,014
Common stock issued under employee stock purchase plan	39,965					39,965
Repurchases of common stock (in shares)				(5,409)
Repurchases of common stock	(151,564)					(151,564)
Other comprehensive (loss) income	(15,388)								(15,388)
Net income (loss)	(1,400)										(1,400)
Ending balance (in shares) at Nov. 06, 2022				302,669
Ending balance at Nov. 06, 2022	840,508			$ 30		2,475,764			(23,753)		(1,611,533)
Beginning balance (in shares) at Aug. 07, 2022				298,801
Beginning balance at Aug. 07, 2022	761,358			$ 30		2,392,173			(20,099)		(1,610,746)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of stock options (in shares)				459
Issuance of common stock upon exercise of stock options	3,878					3,878
Stock-based compensation expense	86,852					86,852
Vesting of restricted stock units (in shares)					3,482
Tax withholding on vesting of equity awards and restricted stock units (in shares)					(112)
Tax withholding on vesting of equity awards and restricted stock units		(3,143)					(3,143)
Common stock issued under employee stock purchase plan (in shares)				927
Common stock issued under employee stock purchase plan	20,569					20,569
Repurchases of common stock (in shares)				(888)
Repurchases of common stock	(24,565)					(24,565)
Other comprehensive (loss) income	(3,654)								(3,654)
Net income (loss)	(787)										(787)
Ending balance (in shares) at Nov. 06, 2022				302,669
Ending balance at Nov. 06, 2022	840,508			$ 30		2,475,764			(23,753)		(1,611,533)
Beginning balance (in shares) at Feb. 05, 2023				304,076
Beginning balance at Feb. 05, 2023	941,233			$ 30		2,493,769			(15,504)		(1,537,062)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of stock options (in shares)				3,711
Issuance of common stock upon exercise of stock options	32,878					32,878
Stock-based compensation expense	259,189					259,189
Vesting of restricted stock units (in shares)					10,613
Vesting of restricted stock units		0			$ 2		(2)
Tax withholding on vesting of equity awards and restricted stock units (in shares)					(546)
Tax withholding on vesting of equity awards and restricted stock units		(16,582)					(16,582)
Common stock issued under employee stock purchase plan (in shares)				2,233
Common stock issued under employee stock purchase plan	45,089					45,089
Repurchases of common stock (in shares)				(4,102)
Repurchases of common stock	(114,341)					(114,341)
Issuance of common stock upon conversion of convertible senior notes (in shares)				1
Issuance of common stock upon conversion of convertible senior notes	(356)					(356)
Other comprehensive (loss) income	5,472								5,472
Net income (loss)	(4,127)										(4,127)
Ending balance (in shares) at Nov. 05, 2023				315,986
Ending balance at Nov. 05, 2023	1,148,455			$ 32		2,699,644			(10,032)		(1,541,189)
Beginning balance (in shares) at Aug. 06, 2023				311,839
Beginning balance at Aug. 06, 2023	986,328			$ 31		2,610,482			(12,607)		(1,611,578)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of stock options (in shares)				311
Issuance of common stock upon exercise of stock options	2,996					2,996
Stock-based compensation expense	89,512					89,512
Vesting of restricted stock units (in shares)					3,438
Vesting of restricted stock units		0			$ 1	(1)
Tax withholding on vesting of equity awards and restricted stock units (in shares)					(131)
Tax withholding on vesting of equity awards and restricted stock units		$ (4,755)					$ (4,755)
Common stock issued under employee stock purchase plan (in shares)				1,164
Common stock issued under employee stock purchase plan	23,870					23,870
Repurchases of common stock (in shares)				(635)
Repurchases of common stock	(22,460)					(22,460)
Other comprehensive (loss) income	2,575								2,575
Net income (loss)	70,389										70,389
Ending balance (in shares) at Nov. 05, 2023				315,986
Ending balance at Nov. 05, 2023	$ 1,148,455			$ 32		$ 2,699,644			$ (10,032)		$ (1,541,189)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Nov. 05, 2023	Nov. 06, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (4,127)	$ (1,400)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	91,560	72,268
Stock-based compensation expense	255,243	245,114
Impairment of long-lived assets	16,766	0
Other	(5,844)	2,473
Changes in operating assets and liabilities, net of effect of acquisition:
Accounts receivable, net	(23,959)	106,216
Inventory	5,278	(16,341)
Deferred commissions	(19,061)	11,175
Prepaid expenses and other assets	19,686	(56,164)
Operating lease right-of-use assets	27,269	26,073
Accounts payable	33,844	22,536
Accrued compensation and other liabilities	(52,757)	(17,739)
Operating lease liabilities	(21,457)	(28,339)
Deferred revenue	110,856	168,336
Net cash provided by operating activities	433,297	534,208
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment	(151,591)	(97,910)
Acquisition, net of cash acquired	0	(1,989)
Purchases of marketable securities	(351,725)	(92,129)
Sales of marketable securities	52,495	0
Maturities of marketable securities	495,899	352,295
Net cash provided by investing activities	45,078	160,267
CASH FLOWS FROM FINANCING ACTIVITIES
Net proceeds from exercise of stock options	32,904	19,131
Proceeds from issuance of common stock under employee stock purchase plan	45,089	39,965
Principal payments on borrowings and finance lease obligations	(584,582)	(256,145)
Proceeds from borrowings	106,890	0
Tax withholding on vesting of equity awards	(16,582)	(16,130)
Repurchases of common stock	(114,341)	(151,564)
Net cash used in financing activities	(530,622)	(364,743)
Net increase (decrease) in cash, cash equivalents and restricted cash	(52,247)	329,732
Cash, cash equivalents and restricted cash, beginning of period	591,398	476,743
Cash, cash equivalents and restricted cash, end of period	539,151	806,475
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD
Cash and cash equivalents	529,191	795,931
Restricted cash	9,960	10,544
Cash, cash equivalents and restricted cash, end of period	539,151	806,475
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid for interest	3,989	1,151
Cash paid for income taxes	19,459	8,452
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING INFORMATION
Property and equipment purchased but not yet paid	$ 13,957	$ 19,976

Business Overview

Business Overview	9 Months Ended
Business Overview	Nov. 05, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business Overview	Business Overview Pure Storage, 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. We are headquartered in Santa Clara, California and have wholly owned subsidiaries throughout the world.

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	9 Months Ended
	Nov. 05, 2023
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 2023 was February 5, 2023 and for fiscal 2024 will be February 4, 2024. The third quarter of fiscal 2023 and 2024 ended on November 6, 2022 and November 5, 2023. 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 2023. 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 (loss) 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 2024 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, stock-based compensation, provision for income taxes including related reserves, fair value of leases, fair value of equity assumed, intangible and tangible assets acquired and liabilities assumed for business combinations. 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 comprised of cash collateral for letters of credit related to our leases and for a vendor credit card program. At the end of fiscal 2023 and the third quarter of fiscal 2024, we had restricted cash of $10.5 million and $10.0 million. Recent Accounting Pronouncements Not Yet Adopted In November 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures , which requires disclosure of incremental segment information on an annual and interim basis. ASU 2023-07 will be effective for our fiscal year beginning February 5, 2024, and interim periods within our fiscal year beginning February 3, 2025, with early adoption permitted and requires application on a fully retrospective basis. We are currently evaluating the impact of this standard on our financial statement disclosures.

Financial Instruments

Financial Instruments	9 Months Ended
Financial Instruments	Nov. 05, 2023
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. Cash Equivalents, Marketable Securities and Restricted Cash We measure our cash equivalents, marketable securities, and restricted cash at fair value on a recurring basis. We classify our cash equivalents, marketable securities and restricted cash 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 our cash equivalents, marketable securities and restricted cash by significant investment categories and their classification within the fair value hierarchy at the end of fiscal 2023 and the third quarter of fiscal 2024 (in thousands): At the End of Fiscal 2023 Amortized Gross Unrealized Gross Unrealized Fair Cash Equivalents Marketable Securities Restricted Cash Level 1 Money market accounts $ — $ — $ — $ 49,733 $ 39,189 $ — $ 10,544 Level 2 U.S. government treasury notes 425,977 170 (4,229) 421,918 32,008 389,910 — U.S. government agencies 23,795 — (289) 23,506 — 23,506 — Corporate debt securities 527,164 901 (9,300) 518,765 — 518,765 — Foreign government bonds 4,797 — (44) 4,753 — 4,753 — Asset-backed securities 61,371 281 (1,016) 60,636 — 60,636 — Municipal bonds 3,950 — (168) 3,782 — 3,782 — Total $ 1,047,054 $ 1,352 $ (15,046) $ 1,083,093 $ 71,197 $ 1,001,352 $ 10,544 At the End of the Third Quarter of Fiscal 2024 Amortized Gross Unrealized Gross Unrealized Fair Cash Equivalents Marketable Restricted Cash Level 1 Money market accounts $ — $ — $ — $ 26,907 $ 16,947 $ — $ 9,960 Level 2 U.S. government treasury notes 349,092 80 (3,144) 346,028 — 346,028 — U.S. government agencies 4,395 — (6) 4,389 — 4,389 — Corporate debt securities 406,659 208 (4,575) 402,292 — 402,292 — Foreign government bonds 1,290 — (25) 1,265 — 1,265 — Asset-backed securities 65,644 48 (746) 64,946 — 64,946 — Municipal bonds 3,010 — (62) 2,948 — 2,948 — Total $ 830,090 $ 336 $ (8,558) $ 848,775 $ 16,947 $ 821,868 $ 9,960 The amortized cost and estimated fair value of our marketable securities are shown below by contractual maturity (in thousands): At the End of the Third Quarter of Fiscal 2024 Amortized Cost Fair Value Due within one year $ 405,765 $ 400,902 Due in one to five years 423,560 420,200 Due in five to ten years 765 766 Total $ 830,090 $ 821,868 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 decline in fair value of our marketable securities is largely due to the rising interest rate environment driven by current market conditions that has resulted in higher 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 third quarter and the first three quarters of fiscal 2023 and 2024. The following table presents gross unrealized losses and fair values for those investments that were in a continuous unrealized loss position at the end of fiscal 2023 and the third quarter of fiscal 2024, aggregated by investment category (in thousands): At the End of Fiscal 2023 Less than 12 months Greater than 12 months Total Fair Unrealized Fair Unrealized Fair Unrealized U.S. government treasury notes $ 250,046 $ (130) $ 127,976 $ (4,099) $ 378,022 $ (4,229) U.S. government agencies 5,194 (5) 18,312 (284) 23,506 (289) Corporate debt securities 99,446 (330) 277,717 (8,970) 377,163 (9,300) Foreign government bonds 3,200 (5) 551 (39) 3,751 (44) Asset-backed securities 3,060 (25) 22,221 (991) 25,281 (1,016) Municipal bonds — — 3,782 (168) 3,782 (168) Total $ 360,946 $ (495) $ 450,559 $ (14,551) $ 811,505 $ (15,046) At the End of the Third Quarter of Fiscal 2024 Less than 12 months Greater than 12 months Total Fair Unrealized Fair Unrealized Fair Unrealized U.S. government treasury notes $ 216,545 $ (1,743) $ 72,662 $ (1,401) $ 289,207 $ (3,144) U.S. government agencies 4,389 (6) — — 4,389 (6) Corporate debt securities 192,151 (1,055) 135,200 (3,520) 327,351 (4,575) Foreign government bonds 699 — 566 (25) 1,265 (25) Asset-backed securities 36,738 (250) 15,263 (496) 52,001 (746) Municipal bonds — — 2,948 (62) 2,948 (62) Total $ 450,522 $ (3,054) $ 226,639 $ (5,504) $ 677,161 $ (8,558) Realized gains or losses on sale of marketable securities were not significant for all periods presented.

Balance Sheet Components

Balance Sheet Components	9 Months Ended
Balance Sheet Components	Nov. 05, 2023
Balance Sheet Components Disclosure [Abstract]
Balance Sheet Components	Balance Sheet Components Inventory Inventory consists of the following (in thousands): At the End of Fiscal 2023 Third Quarter of Fiscal 2024 Raw materials $ 24,896 $ 20,704 Finished goods 25,256 25,507 Inventory $ 50,152 $ 46,211 Property and Equipment, Net Property and equipment, net consists of the following (in thousands): At the End of Fiscal 2023 Third Quarter of Fiscal 2024 Test equipment $ 315,290 $ 359,073 Computer equipment and software 262,574 308,671 Furniture and fixtures 9,693 9,915 Leasehold improvements 71,235 95,919 Capitalized software development costs 15,806 30,831 Total property and equipment 674,598 804,409 Less: accumulated depreciation and amortization (402,153) (466,850) Property and equipment, net $ 272,445 $ 337,559 Depreciation and amortization expense related to property and equipment was $22.2 million and $28.7 million for the third quarter of fiscal 2023 and 2024, and $61.0 million and $82.5 million for the first three quarters of fiscal 2023 and 2024. Intangible Assets, Net Intangible assets, net consist of the following (in thousands): At the End of Fiscal 2023 Third Quarter of Fiscal 2024 Gross Carrying Value Accumulated Amortization Net Carrying Amount Gross Carrying Value Accumulated Amortization Net Carrying Amount Technology patents $ 19,125 $ (14,826) $ 4,299 $ 19,125 $ (15,787) $ 3,338 Developed technology 83,211 (43,366) 39,845 83,211 (53,284) 29,927 Customer relationships 6,459 (2,166) 4,293 6,459 (2,856) 3,603 Trade name 3,623 (2,838) 785 3,623 (3,623) — Intangible assets, net $ 112,418 $ (63,196) $ 49,222 $ 112,418 $ (75,550) $ 36,868 Intangible assets amortization expense was $4.1 million and $4.0 million for the third quarter of fiscal 2023 and 2024, and $12.3 million for the first three quarters of fiscal 2023 and 2024. At the end of the third quarter of fiscal 2024, the weighted-average remaining amortization period was 1.2 years for technology patents, 2.3 years for developed technology, and 3.9 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 and trade name in sales and marketing expenses in the condensed consolidated statements of operations. At the end of the third quarter of fiscal 2024, future expected amortization expense for intangible assets is as follows (in thousands): Fiscal Years Ending Estimated Future Remainder of 2024 $ 3,856 2025 15,425 2026 12,830 2027 3,107 2028 1,054 Thereafter 596 Total $ 36,868 Goodwill As of the end of fiscal 2023 and the third quarter of fiscal 2024, goodwill was $361.4 million. There were no impairments to goodwill during the third quarter and first three quarters of fiscal 2023 and 2024. Accrued Expenses and Other Liabilities Accrued expenses and other liabilities consist of the following (in thousands): At the End of Fiscal 2023 Third Quarter of Fiscal 2024 Taxes payable $ 16,615 $ 18,132 Accrued marketing 14,228 15,649 Accrued cloud and outside services 7,644 5,077 Supply chain-related accruals (1) 23,545 34,966 Accrued service logistics and professional services 7,927 8,135 Acquisition earn-out and deferred consideration 3,556 1,000 Finance lease liabilities, current 5,432 5,576 Customer deposits from contracts with customers 17,824 20,993 Other accrued liabilities 26,978 31,713 Total accrued expenses and other liabilities $ 123,749 $ 141,241 _________________________________ (1) Primarily consists of warranty reserves and accruals related to our inventory and inventory purchase commitments with our contract manufacturers.

Deferred Revenue and Commission

Deferred Revenue and Commissions	9 Months Ended
Deferred Revenue and Commissions	Nov. 05, 2023
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): Third Quarter of Fiscal First Three Quarters of Fiscal 2023 2024 2023 2024 Beginning balance $ 235,681 $ 255,417 $ 246,307 $ 245,856 Additions 35,827 50,183 98,949 130,312 Recognition of deferred commissions (36,376) (40,683) (110,124) (111,251) Ending balance $ 235,132 $ 264,917 $ 235,132 $ 264,917 Of the $264.9 million total deferred commissions balance at the end of the third quarter of fiscal 2024, we expect to recognize approximately 28% as commission expense over the next 12 months and the remainder thereafter. There was no impairment related to capitalized commissions for the third quarter and first three quarters of fiscal 2023 and 2024. 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): Third Quarter of Fiscal First Three Quarters of Fiscal 2023 2024 2023 2024 Beginning balance $ 1,178,691 $ 1,437,043 $ 1,079,872 $ 1,385,650 Additions 313,279 368,708 854,535 975,149 Recognition of deferred revenue (243,751) (309,244) (686,188) (864,292) Ending balance $ 1,248,219 $ 1,496,507 $ 1,248,219 $ 1,496,507 Revenue recognized during the third quarter of fiscal 2023 and 2024 from deferred revenue at the beginning of each respective period was $216.8 million and $280.4 million. Revenue recognized during the first three quarters of fiscal 2023 and 2024 from deferred revenue at the beginning of each respective period was $466.0 million and $589.1 million. Remaining Performance Obligations Total remaining performance obligations (RPO) which is contracted but not recognized revenue was $2.0 billion at the end of the third quarter of fiscal 2024, and includes a $41.0 million non-cancelable product order that we expect to fulfill subsequent to current fiscal year. RPO consists of both deferred revenue and non-cancelable amounts that are expected to be invoiced and recognized as revenue in future periods. Product orders are generally cancelable until delivery has occurred, and as such, unfulfilled product orders that are cancelable are excluded from RPO. Of the $2.0 billion RPO at the end of the third quarter of fiscal 2024, we expect to recognize approximately 46% over the next 12 months, and the remainder thereafter.

Debt

Debt	9 Months Ended
Debt	Nov. 05, 2023
Debt Disclosure [Abstract]
Debt	Debt Revolving Credit Facility In August 2020, we entered into a Credit Agreement with a consortium of financial institutions and lenders that provides for a five-year, senior secured revolving credit facility of $300.0 million (Credit Facility). Proceeds from the Credit Facility may be used for general corporate purposes and working capital. The Credit Facility expires, absent default or early termination by us, on the earlier of (i) August 24, 2025 or (ii) 91 days prior to the stated maturity of the Notes unless, on such date and each subsequent day until the Notes are paid in full, the sum of our cash, cash equivalents and marketable securities and the aggregate unused commitments then available to us exceed $625.0 million. In March 2023, we amended the Credit Facility to transition LIBOR to the Secured Overnight Financing Rate (SOFR) effective April 1, 2023. The annual interest rates applicable to loans under the Credit Facility are, at our option, equal to either a base rate plus a margin ranging from 0.50% to 1.25% or term SOFR (based on one, three or six-month interest periods), subject to a floor of 0%, plus a margin ranging from 1.50% to 2.25%. Interest on revolving loans is payable quarterly in arrears with respect to loans based on the base rate and at the end of an interest period in the case of loans based on term SOFR (or at each three-month interval if the interest period is longer than three months). We are also required to pay a commitment fee on the unused portion of the commitments ranging from 0.25% to 0.40% per annum, payable quarterly in arrears. In April 2023, we borrowed $100.0 million under the Credit Facility which remained outstanding at the end of the third quarter of fiscal 2024. The outstanding loan bore weighted-average interest at an annual rate of 6.81% and 6.62% based on a one-month term SOFR period resulting in interest expense of $1.7 million and $3.8 million during the third quarter and first three quarters of fiscal 2024. Loans under the Credit Facility are collateralized by substantially all of our assets and subject to certain restrictions and two financial ratios measured as of the last day of each fiscal quarter: a Consolidated Leverage Ratio not to exceed 4.5:1 and an Interest Coverage Ratio not to be less than 3:1. We were in compliance with all covenants under the Credit Facility at the end of the third quarter of fiscal 2024. Convertible Senior Notes In April 2018, we issued $575.0 million of 0.125% convertible senior, unsecured notes (the Notes) due April 15, 2023, in a private placement to qualified institutional buyers. In April 2023, we repaid the entire principal balance with approximately $575.0 million in cash and 1,065 shares of our common stock. In connection with the issuance of the Notes, we entered into capped call transactions with certain of the underwriters and their affiliates (the Capped Calls), which gave us the option to purchase up to a total of 21.9 million shares of our common stock to offset the economic dilution in excess of the principal amount upon conversion of the Notes at maturity up to a cap of $39.66 per share. The Capped Calls were not exercised and expired in April 2023.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Nov. 05, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Letters of Credit At the end of fiscal 2023 and the third quarter of fiscal 2024, we had outstanding letters of credit in the aggregate amount of $8.0 million in connection with our facility leases. The letters of credit are collateralized by either restricted cash or the Credit Facility and mature on various dates through September 2030. 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 on our condensed consolidated balance sheet as of the end of the third quarter of fiscal 2024. 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.

Leases

Leases	9 Months Ended
Leases	Nov. 05, 2023
Leases [Abstract]
Leases	Leases We lease office facilities under non-cancelable operating lease agreements expiring through July 2032. Our lease agreements do not contain any material residual value guarantees or restrictive covenants. In June 2022, we entered into an eight-year sublease through July 2030 for a new headquarters facility in Santa Clara, California with total lease payments of $100.2 million that include rent escalation and abatement clauses. The sublease of space with total lease payments of $89.4 million commenced in August 2022. Additional space with lease payments of $10.8 million will commence in May 2024 and end in July 2030, and are excluded from our future lease payments disclosure below. During the second quarter of fiscal 2024, we ceased use of our former corporate headquarters and recorded an impairment charge to operating lease right-of-use assets of $15.9 million and an abandonment charge of $0.9 million related to these leases, which are presented in Impairment and Other in the condensed consolidated statement of operations for the first three quarters of fiscal 2024. The impairment charge represents the amount that the carrying value of the assets exceeded their estimated fair values, which were determined by utilizing an undiscounted cash flow approach that incorporated a sublease assumption. We also lease certain engineering test equipment under financing agreements. These finance leases have a lease term of three years and contain a bargain purchase option at the end of the respective lease term. It is reasonably certain that the bargain purchase option will be exercised. The components of lease costs during the periods presented were as follows (in thousands): Third Quarter of Fiscal First Three Quarters of Fiscal 2023 2024 2023 2024 Fixed operating lease cost $ 13,412 $ 10,685 $ 34,483 $ 37,338 Variable lease cost (1) 931 2,328 4,753 8,002 Short-term lease cost (12 months or less) 1,096 1,081 2,712 3,214 Finance lease cost: Amortization of finance lease right-of-use assets 926 1,100 1,929 3,300 Interest on finance lease liabilities 98 81 197 338 Total finance lease cost $ 1,024 $ 1,181 $ 2,126 $ 3,638 Total lease cost $ 16,463 $ 15,275 $ 44,074 $ 52,192 ____________________________________ (1) Variable lease cost predominantly included common area maintenance charges. Supplemental information related to leases is as follows (in thousands): At the End of Fiscal 2023 Third Quarter of Fiscal 2024 Operating leases: Weighted-average remaining lease term (in years) 5.2 5.0 Weighted-average discount rate 6.1 % 7.0 % Finance leases: Finance lease right-of-use assets, gross (1) $ 17,596 $ 17,596 Accumulated amortization (1) (3,412) (6,712) Finance lease right-of-use assets, net (1) $ 14,184 $ 10,884 Finance lease liabilities, current (2) 5,432 5,576 Finance lease liabilities, non-current (3) 4,765 386 Total finance lease liabilities $ 10,197 $ 5,962 Weighted-average remaining lease term (in years) 3.3 2.6 Weighted-average discount rate 5.1 % 5.0 % ____________________________________ (1) Included in the condensed consolidated balance sheets within property and equipment, net. (2) Included in the condensed consolidated balance sheets within accrued expenses and other liabilities. (3) Included in the condensed consolidated balance sheets within other liabilities, non-current. Supplemental cash flow information related to leases is as follows (in thousands): First Three Quarters of Fiscal 2023 2024 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows for operating leases $ 38,853 $ 29,591 Financing cash outflows for finance leases $ 5,323 $ 5,969 Right-of-use assets obtained in exchange for lease liabilities: Operating leases $ 77,986 $ 11,966 Finance leases $ 14,019 $ — Future lease payments under our non-cancelable leases at the end of the third quarter of fiscal 2024 were as follows (in thousands): Fiscal Years Ending Operating Leases Finance Leases The remainder of 2024 $ 15,707 $ 1,266 2025 51,252 4,728 2026 39,127 183 2027 21,654 — 2028 24,020 — Thereafter 47,688 — Total future lease payments 199,448 6,177 Less: imputed interest (32,759) (215) Present value of total lease liabilities $ 166,689 $ 5,962

Stockholders' Equity

Stockholders' Equity	9 Months Ended
Stockholders' Equity	Nov. 05, 2023
Equity [Abstract]
Stockholders' Equity	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 third quarter of fiscal 2024, 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 third quarter of fiscal 2024, 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 third quarter of fiscal 2024, 316.0 million shares of Class A common stock were issued and outstanding. Share Repurchase Program In March 2023, our Board of Directors authorized the repurchase of up to an additional $250.0 million of our common stock. During the third quarter of fiscal 2024, we repurchased and retired approximately 0.6 million shares of common stock at an average purchase price of $35.38 per share for an aggregate repurchase price of $22.4 million. During the first three quarters of fiscal 2024, we repurchased and retired approximately 4.1 million shares of common stock at an average purchase price of $27.86 per share for an aggregate repurchase price of $114.3 million. At the end of the third quarter of fiscal 2024, $166.8 million remained available for future share repurchases under our current repurchase authorization.

Equity Incentive Plans

Equity Incentive Plans	9 Months Ended
Equity Incentive Plans	Nov. 05, 2023
Share-Based Payment Arrangement [Abstract]
Equity Incentive Plans	Equity Incentive Plans Equity Incentive Plans We maintain two equity incentive plans: the 2009 Equity Incentive Plan (the 2009 Plan) and the 2015 Equity Incentive Plan (the 2015 Plan). The 2015 Plan serves as the successor to our 2009 Plan and provides for grants of incentive stock options to our employees and non-statutory stock options, stock appreciation rights, restricted stock, restricted stock units (RSUs), performance stock awards, performance cash awards, and other forms of stock awards to our employees, directors and consultants. Our equity awards generally vest over a two We net-share settle equity awards held by certain employees by withholding shares upon vesting to satisfy 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. An ESPP reset occurred during the first quarter of fiscal 2024 that resulted in a modification charge of $16.7 million, which is being recognized over the new offering period ending March 15, 2025. Stock-based compensation expense related to our 2015 ESPP was $5.5 million and $7.1 million during the third quarter of fiscal 2023 and 2024, and $17.3 million and $19.7 million during the first three quarters of fiscal 2023 and 2024. At the end of the third quarter of fiscal 2024, total unrecognized stock-based compensation cost related to our 2015 ESPP was $40.8 million, which is expected to be recognized over a weighted-average period of 1.4 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 Weighted- Weighted- Aggregate Balance at the end of fiscal 2023 9,268,498 $ 10.90 2.7 $ 176,674 Options exercised (3,711,431) 8.86 Options forfeited (1,778) 1.90 Balance at the end of the third quarter of fiscal 2024 5,555,289 $ 12.26 2.2 $ 126,547 Vested and exercisable at the end of the third quarter of fiscal 2024 5,502,850 $ 12.28 2.2 $ 124,815 The aggregate intrinsic value of options vested and exercisable at the end of the third quarter of fiscal 2024 is calculated based on the difference between the exercise price and the closing price of $34.96 of our common stock on the last day of the third quarter of fiscal 2024. Stock-based compensation expense recognized related to stock options was $1.2 million and $0.5 million during the third quarter of fiscal 2023 and 2024, and $4.0 million and $1.7 million during the first three quarters of fiscal 2023 and 2024. At the end of the third quarter of fiscal 2024, total unrecognized employee stock-based compensation cost related to outstanding options was $0.7 million, which is expected to be recognized over a weighted-average period of 0.5 years. RSUs and Performance RSUs (PRSUs) A summary of the RSU and PRSU activity under our equity incentive plans and related information is as follows: Number of RSUs and PRSUs Outstanding Weighted- Aggregate Unvested balance at the end of fiscal 2023 26,760,520 $ 24.78 $ 800,407 Granted 16,453,548 25.68 Vested (10,612,542) 22.90 Forfeited (3,017,178) 25.00 Unvested balance at the end of the third quarter of fiscal 2024 29,584,348 $ 25.92 $ 1,034,269 RSUs granted during the first three quarters of fiscal 2024 include PRSUs for approximately 1.6 million shares of common stock, at a target percentage of 100%, with both performance and service vesting conditions. The actual PRSUs earned will range from 0% to 150% of the target number granted, contingent upon the degree to which the fiscal 2024 performance condition is met. Any portion of shares that are not earned will be canceled. In addition, during the first quarter of fiscal 2024, we issued approximately 0.6 million PRSUs based on the actual attainment of the fiscal 2023 performance condition for previously issued PRSUs, with these PRSUs issued subject to service condition through the remaining vesting periods. Stock-based compensation expense related to RSUs and PRSUs was $80.3 million and $76.5 million during the third quarter of fiscal 2023 and 2024, and $223.8 million and $227.5 million during the first three quarters of fiscal 2023 and 2024. At the end of the third quarter of fiscal 2024, total unrecognized employee stock-based compensation cost related to unvested RSUs and PRSUs was $679.1 million, which is expected to be recognized over a weighted-average period of 2.8 years. Long-Term Performance Incentive RSUs In June 2023, we granted market-based long-term performance incentive restricted stock units (LTP Awards) to certain executives with an aggregate target number of shares of common stock of approximately 4.2 million. • The total number of shares earned are subject to continuous service through March 20, 2028 and upon vesting, the number of shares vested will be subject to a one-year post-vest holding period. • The number of shares earned are contingent upon our market capitalization meeting or exceeding $21 billion that will be measured over an approximate three The grant date fair value per share was $17.56, determined using a Monte Carlo simulation model that considers the following assumptions: (i) expected volatility of 51.8%, (ii) risk-free interest rate of 3.86%, (iii) total performance period of nearly five years, and (iv) a post-vest holding period discount of 14.9%. Total stock-based compensation expense of $73.9 million for these awards is recognized over the requisite service period of nearly five years using the accelerated attribution method and is not reversed if the market condition is not met. As of the end of the third quarter of fiscal 2024, approximately 4.2 million shares of unvested LTP Awards was outstanding. Stock-based compensation expense related to these awards was $3.9 million and $6.3 million during the third quarter and first three quarters of fiscal 2024. At the end of the third quarter of fiscal 2024, total unrecognized stock-based compensation cost related to unvested LTP Awards was $67.6 million, which is expected to be recognized over a weighted-average period of 4.4 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): Third Quarter of Fiscal First Three Quarters of Fiscal 2023 2024 2023 2024 Cost of revenue—product $ 2,984 $ 1,443 $ 7,454 $ 7,056 Cost of revenue—subscription services 5,814 6,849 16,978 19,347 Research and development 42,390 43,908 120,482 126,225 Sales and marketing 18,441 19,209 54,740 55,883 General and administrative 17,350 16,557 45,460 46,732 Total stock-based compensation expense $ 86,979 $ 87,966 $ 245,114 $ 255,243 The tax benefit related to stock-based compensation expense for all periods presented was not material.

Net Income (Loss) per Share Att

Net Income (Loss) per Share Attributable to Common Stockholders	9 Months Ended
	Nov. 05, 2023
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, less shares subject to repurchase. 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, unvested restricted stock, the shares underlying the conversion option in our Notes (prior to the Notes being repaid in April 2023) to the extent dilutive, and common stock issuable pursuant to the ESPP. We used the if-converted method to calculate the impact of our Notes, prior to the Notes being repaid, on diluted EPS. 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): Third Quarter of Fiscal First Three Quarters of Fiscal 2023 2024 2023 2024 Numerator: Net income (loss) $ (787) $ 70,389 $ (1,400) $ (4,127) Denominator: Weighted-average shares used in computing net income (loss) per share attributable to common stockholders, basic 300,984 314,153 298,101 309,842 Add: Dilutive effect of common stock equivalents — 16,102 — — Weighted-average shares used in computing net income (loss) per share attributable to common stockholders, diluted 300,984 330,255 298,101 309,842 Net income (loss) per share attributable to common stockholders, basic $ (0.00) $ 0.22 $ (0.00) $ (0.01) Net income (loss) per share attributable to common stockholders, diluted $ (0.00) $ 0.21 $ (0.00) $ (0.01) 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): Third Quarter of Fiscal First Three Quarters of Fiscal 2023 2024 2023 2024 Stock options to purchase common stock 10,164 — 10,812 7,185 Unvested RSUs and PRSUs 29,809 — 30,510 31,115 Unvested LTP Awards — — — 2,298 Unvested restricted stock — — 8 — Shares related to convertible senior notes 21,884 — 21,884 5,772 Shares issuable pursuant to the ESPP 450 — 450 655 Total 62,307 — 63,664 47,025

Other Income (Expense), Net

Other Income (Expense), Net	9 Months Ended
Other Income (Expense), Net	Nov. 05, 2023
Other Income and Expenses [Abstract]
Other Income (Expense), Net	Other Income (Expense), Net Other income (expense), net consists of the following (in thousands): Third Quarter of Fiscal First Three Quarters of Fiscal 2023 2024 2023 2024 Interest income (1) $ 3,969 $ 12,167 $ 8,280 $ 35,652 Interest expense (2) (1,117) (2,094) (3,600) (5,441) Foreign currency transactions losses (6,663) (4,599) (15,689) (6,285) Other income (expense) 997 (290) 2,599 (307) Total other income (expense), net $ (2,814) $ 5,184 $ (8,410) $ 23,619 ____________________________________ (1) Interest income 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) Interest expense includes non-cash interest expense related to amortization of debt issuance costs, contractual interest expense related to our debt and accretion of our finance lease liabilities.

Income Taxes

Income Taxes	9 Months Ended
Income Taxes	Nov. 05, 2023
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, stock-based compensation expense and state taxes driven by Internal Revenue Code Section 174. At the end of the third quarter of fiscal 2024, there were no material changes to either the nature or the amounts of the uncertain tax positions previously determined for fiscal 2023.

Segment Information

Segment Information	9 Months Ended
Segment Information	Nov. 05, 2023
Segment Reporting [Abstract]
Segment Information	Segment Information Our chief operating decision maker is our Chief Executive Officer . Our chief operating decision maker reviews financial information presented on a consolidated basis fo r purposes of allocating resources and evaluating financial performance. Accordingly, we have a single reportable segment. 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): Third Quarter of Fiscal First Three Quarters of Fiscal 2023 2024 2023 2024 United States $ 492,770 $ 535,452 $ 1,419,440 $ 1,457,266 Rest of the world 183,280 227,386 523,787 583,550 Total revenue $ 676,050 $ 762,838 $ 1,943,227 $ 2,040,816 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 2023 Third Quarter of Fiscal 2024 United States $ 259,131 $ 326,833 Rest of the world 13,314 10,726 Total long-lived assets $ 272,445 $ 337,559

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Nov. 05, 2023	Nov. 06, 2022	Nov. 05, 2023	Nov. 06, 2022
Pay vs Performance Disclosure
Net loss	$ 70,389	$ (787)	$ (4,127)	$ (1,400)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Nov. 05, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Basis of Presentation and Sum_2

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Nov. 05, 2023
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 2023 was February 5, 2023 and for fiscal 2024 will be February 4, 2024. The third quarter of fiscal 2023 and 2024 ended on November 6, 2022 and November 5, 2023. 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 2023. 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 (loss) 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 2024 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, stock-based compensation, provision for income taxes including related reserves, fair value of leases, fair value of equity assumed, intangible and tangible assets acquired and liabilities assumed for business combinations. 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
Recent Accounting Pronouncements Not Yet Adopted	Recent Accounting Pronouncements Not Yet Adopted In November 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures , which requires disclosure of incremental segment information on an annual and interim basis. ASU 2023-07 will be effective for our fiscal year beginning February 5, 2024, and interim periods within our fiscal year beginning February 3, 2025, with early adoption permitted and requires application on a fully retrospective basis. We are currently evaluating the impact of this standard on our financial statement 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.

Financial Instruments (Tables)

Financial Instruments (Tables)	9 Months Ended
Financial Instruments (Tables)	Nov. 05, 2023
Investments, Debt and Equity Securities [Abstract]
Schedule of Cash Equivalents, Marketable Securities and Restricted Cash	The following tables summarize our cash equivalents, marketable securities and restricted cash by significant investment categories and their classification within the fair value hierarchy at the end of fiscal 2023 and the third quarter of fiscal 2024 (in thousands): At the End of Fiscal 2023 Amortized Gross Unrealized Gross Unrealized Fair Cash Equivalents Marketable Securities Restricted Cash Level 1 Money market accounts $ — $ — $ — $ 49,733 $ 39,189 $ — $ 10,544 Level 2 U.S. government treasury notes 425,977 170 (4,229) 421,918 32,008 389,910 — U.S. government agencies 23,795 — (289) 23,506 — 23,506 — Corporate debt securities 527,164 901 (9,300) 518,765 — 518,765 — Foreign government bonds 4,797 — (44) 4,753 — 4,753 — Asset-backed securities 61,371 281 (1,016) 60,636 — 60,636 — Municipal bonds 3,950 — (168) 3,782 — 3,782 — Total $ 1,047,054 $ 1,352 $ (15,046) $ 1,083,093 $ 71,197 $ 1,001,352 $ 10,544 At the End of the Third Quarter of Fiscal 2024 Amortized Gross Unrealized Gross Unrealized Fair Cash Equivalents Marketable Restricted Cash Level 1 Money market accounts $ — $ — $ — $ 26,907 $ 16,947 $ — $ 9,960 Level 2 U.S. government treasury notes 349,092 80 (3,144) 346,028 — 346,028 — U.S. government agencies 4,395 — (6) 4,389 — 4,389 — Corporate debt securities 406,659 208 (4,575) 402,292 — 402,292 — Foreign government bonds 1,290 — (25) 1,265 — 1,265 — Asset-backed securities 65,644 48 (746) 64,946 — 64,946 — Municipal bonds 3,010 — (62) 2,948 — 2,948 — Total $ 830,090 $ 336 $ (8,558) $ 848,775 $ 16,947 $ 821,868 $ 9,960
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 Third Quarter of Fiscal 2024 Amortized Cost Fair Value Due within one year $ 405,765 $ 400,902 Due in one to five years 423,560 420,200 Due in five to ten years 765 766 Total $ 830,090 $ 821,868
Schedule of Gross Unrealized Losses and Fair Values	The following table presents gross unrealized losses and fair values for those investments that were in a continuous unrealized loss position at the end of fiscal 2023 and the third quarter of fiscal 2024, aggregated by investment category (in thousands): At the End of Fiscal 2023 Less than 12 months Greater than 12 months Total Fair Unrealized Fair Unrealized Fair Unrealized U.S. government treasury notes $ 250,046 $ (130) $ 127,976 $ (4,099) $ 378,022 $ (4,229) U.S. government agencies 5,194 (5) 18,312 (284) 23,506 (289) Corporate debt securities 99,446 (330) 277,717 (8,970) 377,163 (9,300) Foreign government bonds 3,200 (5) 551 (39) 3,751 (44) Asset-backed securities 3,060 (25) 22,221 (991) 25,281 (1,016) Municipal bonds — — 3,782 (168) 3,782 (168) Total $ 360,946 $ (495) $ 450,559 $ (14,551) $ 811,505 $ (15,046) At the End of the Third Quarter of Fiscal 2024 Less than 12 months Greater than 12 months Total Fair Unrealized Fair Unrealized Fair Unrealized U.S. government treasury notes $ 216,545 $ (1,743) $ 72,662 $ (1,401) $ 289,207 $ (3,144) U.S. government agencies 4,389 (6) — — 4,389 (6) Corporate debt securities 192,151 (1,055) 135,200 (3,520) 327,351 (4,575) Foreign government bonds 699 — 566 (25) 1,265 (25) Asset-backed securities 36,738 (250) 15,263 (496) 52,001 (746) Municipal bonds — — 2,948 (62) 2,948 (62) Total $ 450,522 $ (3,054) $ 226,639 $ (5,504) $ 677,161 $ (8,558)

Balance Sheet Components (Table

Balance Sheet Components (Tables)	9 Months Ended
Balance Sheet Components (Tables)	Nov. 05, 2023
Balance Sheet Components Disclosure [Abstract]
Schedule of Inventory	Inventory consists of the following (in thousands): At the End of Fiscal 2023 Third Quarter of Fiscal 2024 Raw materials $ 24,896 $ 20,704 Finished goods 25,256 25,507 Inventory $ 50,152 $ 46,211
Schedule of Property and Equipment, Net	Property and equipment, net consists of the following (in thousands): At the End of Fiscal 2023 Third Quarter of Fiscal 2024 Test equipment $ 315,290 $ 359,073 Computer equipment and software 262,574 308,671 Furniture and fixtures 9,693 9,915 Leasehold improvements 71,235 95,919 Capitalized software development costs 15,806 30,831 Total property and equipment 674,598 804,409 Less: accumulated depreciation and amortization (402,153) (466,850) Property and equipment, net $ 272,445 $ 337,559
Schedule of Intangible Assets, Net	Intangible assets, net consist of the following (in thousands): At the End of Fiscal 2023 Third Quarter of Fiscal 2024 Gross Carrying Value Accumulated Amortization Net Carrying Amount Gross Carrying Value Accumulated Amortization Net Carrying Amount Technology patents $ 19,125 $ (14,826) $ 4,299 $ 19,125 $ (15,787) $ 3,338 Developed technology 83,211 (43,366) 39,845 83,211 (53,284) 29,927 Customer relationships 6,459 (2,166) 4,293 6,459 (2,856) 3,603 Trade name 3,623 (2,838) 785 3,623 (3,623) — Intangible assets, net $ 112,418 $ (63,196) $ 49,222 $ 112,418 $ (75,550) $ 36,868
Schedule of Expected Amortization Expenses for Intangible Assets	At the end of the third quarter of fiscal 2024, future expected amortization expense for intangible assets is as follows (in thousands): Fiscal Years Ending Estimated Future Remainder of 2024 $ 3,856 2025 15,425 2026 12,830 2027 3,107 2028 1,054 Thereafter 596 Total $ 36,868
Schedule of Accrued Expenses and Other Liabilities	Accrued expenses and other liabilities consist of the following (in thousands): At the End of Fiscal 2023 Third Quarter of Fiscal 2024 Taxes payable $ 16,615 $ 18,132 Accrued marketing 14,228 15,649 Accrued cloud and outside services 7,644 5,077 Supply chain-related accruals (1) 23,545 34,966 Accrued service logistics and professional services 7,927 8,135 Acquisition earn-out and deferred consideration 3,556 1,000 Finance lease liabilities, current 5,432 5,576 Customer deposits from contracts with customers 17,824 20,993 Other accrued liabilities 26,978 31,713 Total accrued expenses and other liabilities $ 123,749 $ 141,241 _________________________________ (1) Primarily consists of warranty reserves and accruals related to our inventory and inventory purchase commitments with our contract manufacturers.

Deferred Revenue and Commissi_2

Deferred Revenue and Commissions (Tables)	9 Months Ended
Deferred Revenue and Commissions (Tables)	Nov. 05, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Deferred Commissions	Changes in total deferred commissions during the periods presented are as follows (in thousands): Third Quarter of Fiscal First Three Quarters of Fiscal 2023 2024 2023 2024 Beginning balance $ 235,681 $ 255,417 $ 246,307 $ 245,856 Additions 35,827 50,183 98,949 130,312 Recognition of deferred commissions (36,376) (40,683) (110,124) (111,251) Ending balance $ 235,132 $ 264,917 $ 235,132 $ 264,917
Schedule of Deferred Revenue	Changes in total deferred revenue during the periods presented are as follows (in thousands): Third Quarter of Fiscal First Three Quarters of Fiscal 2023 2024 2023 2024 Beginning balance $ 1,178,691 $ 1,437,043 $ 1,079,872 $ 1,385,650 Additions 313,279 368,708 854,535 975,149 Recognition of deferred revenue (243,751) (309,244) (686,188) (864,292) Ending balance $ 1,248,219 $ 1,496,507 $ 1,248,219 $ 1,496,507

Leases (Tables)

Leases (Tables)	9 Months Ended
Leases (Tables)	Nov. 05, 2023
Leases [Abstract]
Summary of Components of Lease Cost	The components of lease costs during the periods presented were as follows (in thousands): Third Quarter of Fiscal First Three Quarters of Fiscal 2023 2024 2023 2024 Fixed operating lease cost $ 13,412 $ 10,685 $ 34,483 $ 37,338 Variable lease cost (1) 931 2,328 4,753 8,002 Short-term lease cost (12 months or less) 1,096 1,081 2,712 3,214 Finance lease cost: Amortization of finance lease right-of-use assets 926 1,100 1,929 3,300 Interest on finance lease liabilities 98 81 197 338 Total finance lease cost $ 1,024 $ 1,181 $ 2,126 $ 3,638 Total lease cost $ 16,463 $ 15,275 $ 44,074 $ 52,192 ____________________________________ (1) Variable lease cost predominantly included common area maintenance charges. Supplemental information related to leases is as follows (in thousands): At the End of Fiscal 2023 Third Quarter of Fiscal 2024 Operating leases: Weighted-average remaining lease term (in years) 5.2 5.0 Weighted-average discount rate 6.1 % 7.0 % Finance leases: Finance lease right-of-use assets, gross (1) $ 17,596 $ 17,596 Accumulated amortization (1) (3,412) (6,712) Finance lease right-of-use assets, net (1) $ 14,184 $ 10,884 Finance lease liabilities, current (2) 5,432 5,576 Finance lease liabilities, non-current (3) 4,765 386 Total finance lease liabilities $ 10,197 $ 5,962 Weighted-average remaining lease term (in years) 3.3 2.6 Weighted-average discount rate 5.1 % 5.0 % ____________________________________ (1) Included in the condensed consolidated balance sheets within property and equipment, net. (2) Included in the condensed consolidated balance sheets within accrued expenses and other liabilities. (3) Included in the condensed consolidated balance sheets within other liabilities, non-current.
Schedule of Supplemental Cash Flow Information Related to Leases	Supplemental cash flow information related to leases is as follows (in thousands): First Three Quarters of Fiscal 2023 2024 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows for operating leases $ 38,853 $ 29,591 Financing cash outflows for finance leases $ 5,323 $ 5,969 Right-of-use assets obtained in exchange for lease liabilities: Operating leases $ 77,986 $ 11,966 Finance leases $ 14,019 $ —
Schedule of Future Operating Lease Payments	Future lease payments under our non-cancelable leases at the end of the third quarter of fiscal 2024 were as follows (in thousands): Fiscal Years Ending Operating Leases Finance Leases The remainder of 2024 $ 15,707 $ 1,266 2025 51,252 4,728 2026 39,127 183 2027 21,654 — 2028 24,020 — Thereafter 47,688 — Total future lease payments 199,448 6,177 Less: imputed interest (32,759) (215) Present value of total lease liabilities $ 166,689 $ 5,962
Schedule of Future Finance Lease Payments	Future lease payments under our non-cancelable leases at the end of the third quarter of fiscal 2024 were as follows (in thousands): Fiscal Years Ending Operating Leases Finance Leases The remainder of 2024 $ 15,707 $ 1,266 2025 51,252 4,728 2026 39,127 183 2027 21,654 — 2028 24,020 — Thereafter 47,688 — Total future lease payments 199,448 6,177 Less: imputed interest (32,759) (215) Present value of total lease liabilities $ 166,689 $ 5,962

Equity Incentive Plans (Tables)

Equity Incentive Plans (Tables)	9 Months Ended
Equity Incentive Plans (Tables)	Nov. 05, 2023
Share-Based Payment Arrangement [Abstract]
Summary 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 Weighted- Weighted- Aggregate Balance at the end of fiscal 2023 9,268,498 $ 10.90 2.7 $ 176,674 Options exercised (3,711,431) 8.86 Options forfeited (1,778) 1.90 Balance at the end of the third quarter of fiscal 2024 5,555,289 $ 12.26 2.2 $ 126,547 Vested and exercisable at the end of the third quarter of fiscal 2024 5,502,850 $ 12.28 2.2 $ 124,815
Schedule of Share-based Compensation, Restricted Stock Units Award Activity	A summary of the RSU and PRSU activity under our equity incentive plans and related information is as follows: Number of RSUs and PRSUs Outstanding Weighted- Aggregate Unvested balance at the end of fiscal 2023 26,760,520 $ 24.78 $ 800,407 Granted 16,453,548 25.68 Vested (10,612,542) 22.90 Forfeited (3,017,178) 25.00 Unvested balance at the end of the third quarter of fiscal 2024 29,584,348 $ 25.92 $ 1,034,269
Summarizes the 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): Third Quarter of Fiscal First Three Quarters of Fiscal 2023 2024 2023 2024 Cost of revenue—product $ 2,984 $ 1,443 $ 7,454 $ 7,056 Cost of revenue—subscription services 5,814 6,849 16,978 19,347 Research and development 42,390 43,908 120,482 126,225 Sales and marketing 18,441 19,209 54,740 55,883 General and administrative 17,350 16,557 45,460 46,732 Total stock-based compensation expense $ 86,979 $ 87,966 $ 245,114 $ 255,243

Net Income (Loss) per Share A_2

Net Income (Loss) per Share Attributable to Common Stockholders (Tables)	9 Months Ended
	Nov. 05, 2023
Earnings Per Share [Abstract]
Summary 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): Third Quarter of Fiscal First Three Quarters of Fiscal 2023 2024 2023 2024 Numerator: Net income (loss) $ (787) $ 70,389 $ (1,400) $ (4,127) Denominator: Weighted-average shares used in computing net income (loss) per share attributable to common stockholders, basic 300,984 314,153 298,101 309,842 Add: Dilutive effect of common stock equivalents — 16,102 — — Weighted-average shares used in computing net income (loss) per share attributable to common stockholders, diluted 300,984 330,255 298,101 309,842 Net income (loss) per share attributable to common stockholders, basic $ (0.00) $ 0.22 $ (0.00) $ (0.01) Net income (loss) per share attributable to common stockholders, diluted $ (0.00) $ 0.21 $ (0.00) $ (0.01)
Summary 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): Third Quarter of Fiscal First Three Quarters of Fiscal 2023 2024 2023 2024 Stock options to purchase common stock 10,164 — 10,812 7,185 Unvested RSUs and PRSUs 29,809 — 30,510 31,115 Unvested LTP Awards — — — 2,298 Unvested restricted stock — — 8 — Shares related to convertible senior notes 21,884 — 21,884 5,772 Shares issuable pursuant to the ESPP 450 — 450 655 Total 62,307 — 63,664 47,025

Other Income (Expense), Net (Ta

Other Income (Expense), Net (Tables)	9 Months Ended
Other Income (Expense), Net (Tables)	Nov. 05, 2023
Other Income and Expenses [Abstract]
Summary of Other Income (Expense)	Other income (expense), net consists of the following (in thousands): Third Quarter of Fiscal First Three Quarters of Fiscal 2023 2024 2023 2024 Interest income (1) $ 3,969 $ 12,167 $ 8,280 $ 35,652 Interest expense (2) (1,117) (2,094) (3,600) (5,441) Foreign currency transactions losses (6,663) (4,599) (15,689) (6,285) Other income (expense) 997 (290) 2,599 (307) Total other income (expense), net $ (2,814) $ 5,184 $ (8,410) $ 23,619 ____________________________________ (1) Interest income 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) Interest expense includes non-cash interest expense related to amortization of debt issuance costs, contractual interest expense related to our debt and accretion of our finance lease liabilities.

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
Segment Information (Tables)	Nov. 05, 2023
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): Third Quarter of Fiscal First Three Quarters of Fiscal 2023 2024 2023 2024 United States $ 492,770 $ 535,452 $ 1,419,440 $ 1,457,266 Rest of the world 183,280 227,386 523,787 583,550 Total revenue $ 676,050 $ 762,838 $ 1,943,227 $ 2,040,816
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 2023 Third Quarter of Fiscal 2024 United States $ 259,131 $ 326,833 Rest of the world 13,314 10,726 Total long-lived assets $ 272,445 $ 337,559

Basis of Presentation and Sum_3

Basis of Presentation and Summary of Significant Accounting Policies - Narrative (Details) - USD ($) $ in Thousands	Nov. 05, 2023	Feb. 05, 2023	Nov. 06, 2022
Accounting Policies [Abstract]
Restricted cash	$ 9,960	$ 10,544	$ 10,544

Financial Instruments - Cash Eq

Financial Instruments - Cash Equivalents, Marketable Securities and Restricted Cash (Details) - USD ($) $ in Thousands	Nov. 05, 2023	Feb. 05, 2023
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 830,090
Fair Value	821,868
Cash Equivalents	16,947	$ 71,197
Marketable Securities	821,868	1,001,352
Restricted Cash	9,960	10,544
Amortized Cost	830,090	1,047,054
Total gross unrealized gains	336	1,352
Total gross unrealized losses	(8,558)	(15,046)
Total fair value	848,775	1,083,093
Level 1 \| Money market accounts
Debt Securities, Available-for-sale [Line Items]
Fair Value	26,907	49,733
Cash Equivalents	16,947	39,189
Marketable Securities	0	0
Restricted Cash	9,960	10,544
Level 2 \| U.S. government treasury notes
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	349,092	425,977
Gross Unrealized Gains	80	170
Gross Unrealized Losses	(3,144)	(4,229)
Fair Value	346,028	421,918
Cash Equivalents	0	32,008
Marketable Securities	346,028	389,910
Restricted Cash	0	0
Level 2 \| U.S. government agencies
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	4,395	23,795
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(6)	(289)
Fair Value	4,389	23,506
Cash Equivalents	0	0
Marketable Securities	4,389	23,506
Restricted Cash	0	0
Level 2 \| Corporate debt securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	406,659	527,164
Gross Unrealized Gains	208	901
Gross Unrealized Losses	(4,575)	(9,300)
Fair Value	402,292	518,765
Cash Equivalents	0	0
Marketable Securities	402,292	518,765
Restricted Cash	0	0
Level 2 \| Foreign government bonds
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	1,290	4,797
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(25)	(44)
Fair Value	1,265	4,753
Cash Equivalents	0	0
Marketable Securities	1,265	4,753
Restricted Cash	0	0
Level 2 \| Asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	65,644	61,371
Gross Unrealized Gains	48	281
Gross Unrealized Losses	(746)	(1,016)
Fair Value	64,946	60,636
Cash Equivalents	0	0
Marketable Securities	64,946	60,636
Restricted Cash	0	0
Level 2 \| Municipal bonds
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	3,010	3,950
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(62)	(168)
Fair Value	2,948	3,782
Cash Equivalents	0	0
Marketable Securities	2,948	3,782
Restricted Cash	$ 0	$ 0

Financial Instruments - Amortiz

Financial Instruments - Amortized Cost and Estimated Fair Value (Details) - USD ($)	3 Months Ended		9 Months Ended
	Nov. 05, 2023	Nov. 06, 2022	Nov. 05, 2023	Nov. 06, 2022
Amortized Cost
Due within one year	$ 405,765,000		$ 405,765,000
Due in one to five years	423,560,000		423,560,000
Due in five to ten years	765,000		765,000
Amortized Cost	830,090,000		830,090,000
Fair Value
Due within one year	400,902,000		400,902,000
Due in one to five years	420,200,000		420,200,000
Due in five to ten years	766,000		766,000
Total	821,868,000		821,868,000
Impairment charge for unrealized losses	$ 0	$ 0	$ 0	$ 0

Financial Instruments - Gross U

Financial Instruments - Gross Unrealized Losses and Fair Values (Details) - USD ($) $ in Thousands	Nov. 05, 2023	Feb. 05, 2023
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Fair Value, Less than 12 months	$ 450,522	$ 360,946
Unrealized Loss, Less than 12 months	(3,054)	(495)
Fair Value, Greater than 12 months	226,639	450,559
Unrealized Loss, Greater than 12 months	(5,504)	(14,551)
Fair Value, Total	677,161	811,505
Unrealized Loss, Total	(8,558)	(15,046)
U.S. government treasury notes
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Fair Value, Less than 12 months	216,545	250,046
Unrealized Loss, Less than 12 months	(1,743)	(130)
Fair Value, Greater than 12 months	72,662	127,976
Unrealized Loss, Greater than 12 months	(1,401)	(4,099)
Fair Value, Total	289,207	378,022
Unrealized Loss, Total	(3,144)	(4,229)
U.S. government agencies
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Fair Value, Less than 12 months	4,389	5,194
Unrealized Loss, Less than 12 months	(6)	(5)
Fair Value, Greater than 12 months	0	18,312
Unrealized Loss, Greater than 12 months	0	(284)
Fair Value, Total	4,389	23,506
Unrealized Loss, Total	(6)	(289)
Corporate debt securities
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Fair Value, Less than 12 months	192,151	99,446
Unrealized Loss, Less than 12 months	(1,055)	(330)
Fair Value, Greater than 12 months	135,200	277,717
Unrealized Loss, Greater than 12 months	(3,520)	(8,970)
Fair Value, Total	327,351	377,163
Unrealized Loss, Total	(4,575)	(9,300)
Foreign government bonds
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Fair Value, Less than 12 months	699	3,200
Unrealized Loss, Less than 12 months	0	(5)
Fair Value, Greater than 12 months	566	551
Unrealized Loss, Greater than 12 months	(25)	(39)
Fair Value, Total	1,265	3,751
Unrealized Loss, Total	(25)	(44)
Asset-backed securities
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Fair Value, Less than 12 months	36,738	3,060
Unrealized Loss, Less than 12 months	(250)	(25)
Fair Value, Greater than 12 months	15,263	22,221
Unrealized Loss, Greater than 12 months	(496)	(991)
Fair Value, Total	52,001	25,281
Unrealized Loss, Total	(746)	(1,016)
Municipal bonds
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Fair Value, Less than 12 months	0	0
Unrealized Loss, Less than 12 months	0	0
Fair Value, Greater than 12 months	2,948	3,782
Unrealized Loss, Greater than 12 months	(62)	(168)
Fair Value, Total	2,948	3,782
Unrealized Loss, Total	$ (62)	$ (168)

Balance Sheet Components - Inve

Balance Sheet Components - Inventory (Details) - USD ($) $ in Thousands	Nov. 05, 2023	Feb. 05, 2023
Balance Sheet Components Disclosure [Abstract]
Raw materials	$ 20,704	$ 24,896
Finished goods	25,507	25,256
Inventory	$ 46,211	$ 50,152

Balance Sheet Components - Prop

Balance Sheet Components - Property and Equipment, Net (Details) - USD ($) $ in Thousands	Nov. 05, 2023	Feb. 05, 2023
Property Plant And Equipment [Line Items]
Total property and equipment	$ 804,409	$ 674,598
Less: accumulated depreciation and amortization	(466,850)	(402,153)
Property and equipment, net	337,559	272,445
Test equipment
Property Plant And Equipment [Line Items]
Total property and equipment	359,073	315,290
Computer equipment and software
Property Plant And Equipment [Line Items]
Total property and equipment	308,671	262,574
Furniture and fixtures
Property Plant And Equipment [Line Items]
Total property and equipment	9,915	9,693
Leasehold improvements
Property Plant And Equipment [Line Items]
Total property and equipment	95,919	71,235
Capitalized software development costs
Property Plant And Equipment [Line Items]
Total property and equipment	$ 30,831	$ 15,806

Balance Sheet Components - Narr

Balance Sheet Components - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Nov. 05, 2023	Nov. 06, 2022	Nov. 05, 2023	Nov. 06, 2022
Finite-Lived Intangible Assets [Line Items]
Depreciation and amortization	$ 28.7	$ 22.2	$ 82.5	$ 61
Intangible assets amortization expense	$ 4	$ 4.1	$ 12.3	$ 12.3
Technology patents
Finite-Lived Intangible Assets [Line Items]
Useful life (in years)			1 year 2 months 12 days
Developed technology
Finite-Lived Intangible Assets [Line Items]
Useful life (in years)			2 years 3 months 18 days
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Useful life (in years)			3 years 10 months 24 days

Balance Sheet Components - Inta

Balance Sheet Components - Intangible Assets, Net (Details) - USD ($) $ in Thousands	Nov. 05, 2023	Feb. 05, 2023
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 112,418	$ 112,418
Accumulated Amortization	(75,550)	(63,196)
Net Carrying Amount	36,868	49,222
Technology patents
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	19,125	19,125
Accumulated Amortization	(15,787)	(14,826)
Net Carrying Amount	3,338	4,299
Developed technology
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	83,211	83,211
Accumulated Amortization	(53,284)	(43,366)
Net Carrying Amount	29,927	39,845
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	6,459	6,459
Accumulated Amortization	(2,856)	(2,166)
Net Carrying Amount	3,603	4,293
Trade name
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	3,623	3,623
Accumulated Amortization	(3,623)	(2,838)
Net Carrying Amount	$ 0	$ 785

Balance Sheet Components - Expe

Balance Sheet Components - Expected Amortization Expenses for Intangible Assets (Details) - USD ($) $ in Thousands	Nov. 05, 2023	Feb. 05, 2023
Balance Sheet Components Disclosure [Abstract]
Remainder of 2024	$ 3,856
2025	15,425
2026	12,830
2027	3,107
2028	1,054
Thereafter	596
Net Carrying Amount	$ 36,868	$ 49,222

Balance Sheet Components - Good

Balance Sheet Components - Goodwill (Details) - USD ($)	3 Months Ended		9 Months Ended
Balance Sheet Components - Goodwill (Details) - USD ($)	Nov. 05, 2023	Nov. 06, 2022	Nov. 05, 2023	Nov. 06, 2022	Feb. 05, 2023
Balance Sheet Components Disclosure [Abstract]
Goodwill	$ 361,427,000		$ 361,427,000		$ 361,427,000
Impairments to goodwill	$ 0	$ 0	$ 0	$ 0

Balance Sheet Components - Accr

Balance Sheet Components - Accrued Expenses and Other Liabilities (Details) - USD ($) $ in Thousands	Nov. 05, 2023	Feb. 05, 2023
Balance Sheet Components Disclosure [Abstract]
Taxes payable	$ 18,132	$ 16,615
Accrued marketing	15,649	14,228
Accrued cloud and outside services	5,077	7,644
Supply chain-related accruals	34,966	23,545
Accrued service logistics and professional services	8,135	7,927
Acquisition earn-out and deferred consideration	1,000	3,556
Finance lease liabilities, current	5,576	5,432
Customer deposits from contracts with customers	20,993	17,824
Other accrued liabilities	31,713	26,978
Total accrued expenses and other liabilities	$ 141,241	$ 123,749

Deferred Revenue and Commissi_3

Deferred Revenue and Commissions - Deferred Commissions (Details) - USD ($)	3 Months Ended		9 Months Ended
	Nov. 05, 2023	Nov. 06, 2022	Nov. 05, 2023	Nov. 06, 2022
Deferred Commissions [Roll Forward]
Beginning balance	$ 255,417,000	$ 235,681,000	$ 245,856,000	$ 246,307,000
Additions	50,183,000	35,827,000	130,312,000	98,949,000
Recognition of deferred commissions	(40,683,000)	(36,376,000)	(111,251,000)	(110,124,000)
Ending balance	$ 264,917,000	235,132,000	$ 264,917,000	235,132,000
Commission expected to be recognized over the next 12 months (percent)	28%		28%
Impairment of capitalized commissions	$ 0	$ 0	$ 0	$ 0

Deferred Revenue and Commissi_4

Deferred Revenue and Commissions - Deferred Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 05, 2023	Nov. 06, 2022	Nov. 05, 2023	Nov. 06, 2022
Contract Liability
Additions	$ 50,183	$ 35,827	$ 130,312	$ 98,949
Recognition of deferred revenue	(40,683)	(36,376)	(111,251)	(110,124)
Product Revenue and Support Subscription Revenue
Contract Liability
Beginning balance	1,437,043	1,178,691	1,385,650	1,079,872
Additions	368,708	313,279	975,149	854,535
Recognition of deferred revenue	(309,244)	(243,751)	(864,292)	(686,188)
Ending balance	$ 1,496,507	$ 1,248,219	$ 1,496,507	$ 1,248,219

Deferred Revenue and Commissi_5

Deferred Revenue and Commissions - Remaining Performance Obligation (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Nov. 05, 2023	Nov. 06, 2022	Nov. 05, 2023	Nov. 06, 2022
Revenue from Contract with Customer [Abstract]
Deferred revenue recognized	$ 280.4	$ 216.8	$ 589.1	$ 466
Contracted but not recognized revenue	2,000		2,000
Non-cancelable product order	$ 41		$ 41

Deferred Revenue and Commissi_6

Deferred Revenue and Commissions - Remaining Performance Obligation Period (Details)	Nov. 05, 2023
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-11-06
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized (as a percent)	46%
Revenue expected to be recognized term (in months)	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-11-06
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized term (in months)

Debt - Narrative (Details)

Debt - Narrative (Details)		1 Months Ended			3 Months Ended	9 Months Ended
Debt - Narrative (Details)	Aug. 24, 2020 USD ($)	Apr. 30, 2023 USD ($) shares	Mar. 31, 2023 financial_ratio	Apr. 30, 2018 USD ($) shares	Nov. 05, 2023 USD ($)	Nov. 05, 2023 USD ($)	Apr. 04, 2018 $ / shares
Debt Instrument [Line Items]
Issuance of common stock upon conversion of convertible senior notes (in shares) \| shares		1,065
Class A common stock \| Capped Call
Debt Instrument [Line Items]
Exercise price (in dollars per share) \| $ / shares							$ 39.66
Convertible Senior Notes
Debt Instrument [Line Items]
Principal amount				$ 575,000,000
Interest rate (as a percent)				0.125%
Repayments of convertible debt		$ 575,000,000
Convertible Senior Notes \| Class A common stock
Debt Instrument [Line Items]
Number of convertible shares at initial conversion rate (in shares) \| shares				21,900,000
Revolving Credit Facility
Debt Instrument [Line Items]
Term of credit facility	5 years
Senior secured revolving credit facility maximum capacity	$ 300,000,000
Credit facility maturity period prior to stated maturity if out of compliance with liquidity threshold	91 days
Credit facility, daily minimum sum of cash and cash equivalents and aggregate unused commitments to prevent maturity prior to stated maturity	$ 625,000,000
Proceeds from lines of credit		$ 100,000,000
Interest expense					$ 1,700,000	$ 3,800,000
Number of financial ratios \| financial_ratio			2
Consolidated leverage ratio, maximum						4.5
Interest coverage ratio, minimum						3
Revolving Credit Facility \| Minimum
Debt Instrument [Line Items]
Commitment fee (percent)			0.25%
Revolving Credit Facility \| Maximum
Debt Instrument [Line Items]
Commitment fee (percent)			0.40%
Revolving Credit Facility \| Base Rate \| Minimum
Debt Instrument [Line Items]
Margin rate (percent)			0.50%
Revolving Credit Facility \| Base Rate \| Maximum
Debt Instrument [Line Items]
Margin rate (percent)			1.25%
Revolving Credit Facility \| Secured Overnight Financing Rate
Debt Instrument [Line Items]
Interest during the period (percent)					6.81%	6.62%
Revolving Credit Facility \| Secured Overnight Financing Rate \| Minimum
Debt Instrument [Line Items]
Margin rate (percent)			1.50%
Revolving Credit Facility \| Secured Overnight Financing Rate \| Maximum
Debt Instrument [Line Items]
Margin rate (percent)			2.25%
Revolving Credit Facility \| Secured Overnight Financing Rate \| Interest Rate Floor
Debt Instrument [Line Items]
Effective interest rate (percent)			0%

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) - USD ($)	Nov. 05, 2023	Feb. 05, 2023
Commitments and Contingencies Disclosure [Abstract]
Outstanding letters of credit	$ 8,000,000	$ 8,000,000
Loss contingency	$ 0

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended
Leases - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Aug. 06, 2023	May 31, 2024	Nov. 05, 2023	Aug. 31, 2022
Lessee, Lease, Description [Line Items]
Sublease term	8 years
Total lease payments that include rent escalation and abatement clauses	$ 100,200			$ 199,448	$ 89,400
Right-of-use assets, impairment loss		$ 15,900
Lease abandonment charges		$ 900
Finance lease, term				3 years
Forecast
Lessee, Lease, Description [Line Items]
Total lease payments that include rent escalation and abatement clauses			$ 10,800

Leases - Lease costs (Details)

Leases - Lease costs (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Leases - Lease costs (Details) - USD ($) $ in Thousands	Nov. 05, 2023	Nov. 06, 2022	Nov. 05, 2023	Nov. 06, 2022
Leases [Abstract]
Fixed operating lease cost	$ 10,685	$ 13,412	$ 37,338	$ 34,483
Variable lease cost	2,328	931	8,002	4,753
Short-term lease cost (12 months or less)	1,081	1,096	3,214	2,712
Amortization of finance lease right-of-use assets	1,100	926	3,300	1,929
Interest on finance lease liabilities	81	98	338	197
Total finance lease cost	1,181	1,024	3,638	2,126
Total lease cost	$ 15,275	$ 16,463	$ 52,192	$ 44,074

Leases - Lease term and discoun

Leases - Lease term and discount rate (Details) - USD ($) $ in Thousands	Nov. 05, 2023	Feb. 05, 2023
Operating leases:
Weighted-average remaining lease term (in years)	5 years	5 years 2 months 12 days
Weighted-average discount rate	7%	6.10%
Finance leases:
Finance lease right-of-use assets, gross	$ 17,596	$ 17,596
Accumulated amortization	(6,712)	(3,412)
Finance lease right-of-use assets, net	10,884	14,184
Finance lease liabilities, current	5,576	5,432
Finance lease liabilities, non-current	386	4,765
Present value of total lease liabilities	$ 5,962	$ 10,197
Weighted-average remaining lease term (in years)	2 years 7 months 6 days	3 years 3 months 18 days
Weighted-average discount rate	5%	5.10%

Leases - Supplemental cash flow

Leases - Supplemental cash flow information related to leases (Details) - USD ($) $ in Thousands	9 Months Ended
	Nov. 05, 2023	Nov. 06, 2022
Leases [Abstract]
Operating cash outflows for operating leases	$ 29,591	$ 38,853
Financing cash outflows for finance leases	5,969	5,323
Operating leases	11,966	77,986
Finance leases	$ 0	$ 14,019

Leases - Future minimum lease p

Leases - Future minimum lease payments (Details) - USD ($) $ in Thousands	Nov. 05, 2023	Feb. 05, 2023	Aug. 31, 2022	Jun. 30, 2022
Operating Leases
The remainder of 2024	$ 15,707
2025	51,252
2026	39,127
2027	21,654
2028	24,020
Thereafter	47,688
Total future lease payments	199,448		$ 89,400	$ 100,200
Less: imputed interest	(32,759)
Present value of total lease liabilities	166,689
Finance Leases
The remainder of 2024	1,266
2025	4,728
2026	183
2027	0
2028	0
Thereafter	0
Total future lease payments	6,177
Less: imputed interest	(215)
Present value of total lease liabilities	$ 5,962	$ 10,197

Stockholders' Equity - Narrativ

Stockholders' Equity - Narrative (Details) $ / shares in Units, $ in Millions	3 Months Ended	9 Months Ended
	Nov. 05, 2023 USD ($) stock_class $ / shares shares	Nov. 05, 2023 USD ($) stock_class $ / shares shares	Mar. 31, 2023 USD ($)	Feb. 05, 2023 $ / shares shares
Class of Stock [Line Items]
Preferred stock, shares authorized (in shares)	20,000,000	20,000,000		20,000,000
Preferred stock, shares issued (in shares)	0	0		0
Preferred stock, shares outstanding (in shares)	0	0		0
Number of classes of stock \| stock_class	2	2
Common stock, shares authorized (in shares)	2,250,000,000	2,250,000,000		2,250,000,000
Additional value approved for repurchase \| $			$ 250
Stock repurchased and retired (in shares)	600,000	4,100,000
Shares repurchased and retired, average purchase price (in dollars per share) \| $ / shares	$ 35.38	$ 27.86
Stock repurchased and retired during period, value \| $	$ 22.4	$ 114.3
Authorized amount remaining under stock repurchase program \| $	$ 166.8	$ 166.8
Class A common stock
Class of Stock [Line Items]
Common stock, shares authorized (in shares)	2,000,000,000	2,000,000,000		2,000,000,000
Common stock, par value per share (in dollars per share) \| $ / shares	$ 0.0001	$ 0.0001		$ 0.0001
Common stock, shares issued (in shares)	315,986,000	315,986,000		304,076,000
Common stock, shares outstanding (in shares)	315,986,000	315,986,000		304,076,000
Class B common stock
Class of Stock [Line Items]
Common stock, shares authorized (in shares)	250,000,000	250,000,000		250,000,000
Common stock, par value per share (in dollars per share) \| $ / shares	$ 0.0001	$ 0.0001		$ 0.0001

Equity Incentive Plans - Narrat

Equity Incentive Plans - Narrative (Details)	1 Months Ended	3 Months Ended		9 Months Ended
Equity Incentive Plans - Narrative (Details)	Jun. 30, 2023 USD ($) shares	Nov. 05, 2023 USD ($) purchasePeriod shares	Nov. 06, 2022 USD ($)	Nov. 05, 2023 USD ($) plan purchasePeriod $ / shares shares	Nov. 06, 2022 USD ($)	Mar. 20, 2028 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of equity incentive plans \| plan				2
Equity awards expiration period (no later than)				10 years
Total stock-based compensation expense		$ 87,966,000	$ 86,979,000	$ 255,243,000	$ 245,114,000
PRSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, target (as a percent)				100%
Granted (in shares) \| shares				1,600,000
Long-Term Performance Incentive RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation not yet recognized	$ 73,900,000
Total stock-based compensation expense		3,900,000		$ 6,300,000
Unrecognized stock-based compensation expense		$ 67,600,000		$ 67,600,000
Compensation cost (in years)		4 years 4 months 24 days
Granted (in shares) \| shares	4,200,000
Post-vesting holding period	1 year
Granted (in dollars per share) \| $ / shares				$ 17.56
Volatility rate (percent)				51.80%
Risk-free interest rate (percent)				3.86%
Expected term				5 years
Post-vesting holding period discount rate (percent)				14.90%
Unvested awards (in shares) \| shares		4,200,000		4,200,000
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		4
Purchase period, term				6 months
ESPP modification charge				$ 16,700,000
Total stock-based compensation expense		$ 7,100,000	$ 5,500,000	19,700,000	$ 17,300,000
Unrecognized stock-based compensation expense		$ 40,800,000		$ 40,800,000
Compensation cost (in years)				1 year 4 months 24 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%		30%
Share cap for ESPP at purchase date (in shares) \| shares		3,000		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%
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)				2 years
Minimum \| PRSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, target (as a percent)				0%
Minimum \| Long-Term Performance Incentive RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)	3 years
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)				4 years
Maximum \| PRSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, target (as a percent)				150%
Maximum \| Long-Term Performance Incentive RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)	5 years
Maximum \| Long-Term Performance Incentive RSUs \| Forecast
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Target market capitalization						$ 21,000,000,000

Equity Incentive Plans - Equity

Equity Incentive Plans - Equity Incentive Plans (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Nov. 05, 2023	Nov. 06, 2022	Nov. 05, 2023	Nov. 06, 2022	Feb. 05, 2023
Number of Shares
Beginning balance (in shares)			9,268,498
Options exercised (in shares)			(3,711,431)
Options forfeited (in shares)			(1,778)
Ending balance (in shares)	5,555,289		5,555,289		9,268,498
Vested and exercisable (in shares)	5,502,850		5,502,850
Weighted- Average Exercise Price
Beginning balance (in dollars per share)			$ 10.90
Options exercised (in dollars per share)			8.86
Options forfeited (in dollars per share)			1.90
Ending balance (in dollars per share)	$ 12.26		12.26		$ 10.90
Weighted Average Exercise Price, Vested and exercisable (in dollars per share)	$ 12.28		$ 12.28
Weighted- Average Remaining Contractual Life (In Years)
Weighted Average Remaining Contractual Life (in years)			2 years 2 months 12 days		2 years 8 months 12 days
Weighted Average Remaining Contractual Life (in years), Vested and exercisable			2 years 2 months 12 days
Aggregate Intrinsic Value (in thousands)
Aggregate Intrinsic Value	$ 126,547		$ 126,547		$ 176,674
Aggregate Intrinsic Value, Vested and exercisable	124,815		124,815
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	87,966	$ 86,979	255,243	$ 245,114
Unrecognized compensation cost, stock options	700		700
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 500	$ 1,200	$ 1,700	$ 4,000
Compensation cost (in years)			6 months
Class A common stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Closing price of stock (in dollars per share)	$ 34.96		$ 34.96

Equity Incentive Plans - Restri

Equity Incentive Plans - Restricted Stock Units (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 05, 2023	Nov. 06, 2022	Nov. 05, 2023	Nov. 06, 2022	Feb. 05, 2023
Weighted- Average Grant Date Fair Value
Stock-based compensation expense	$ 87,966	$ 86,979	$ 255,243	$ 245,114
Unvested RSUs and PRSUs
Number of RSUs and PRSUs Outstanding
Unvested, Beginning balance (in shares)			26,760,520
Granted (in shares)			16,453,548
Vested (in shares)			(10,612,542)
Forfeited (in shares)			(3,017,178)
Unvested, Ending balance (in shares)	29,584,348		29,584,348
Weighted- Average Grant Date Fair Value
Beginning balance (in dollars per share)			$ 24.78
Granted (in dollars per share)			25.68
Vested (in dollars per share)			22.90
Forfeited (in dollars per share)			25
Ending balance (in dollars per share)	$ 25.92		$ 25.92
Aggregate Intrinsic Value	$ 1,034,269		$ 1,034,269		$ 800,407
Stock-based compensation expense	76,500	$ 80,300	227,500	$ 223,800
Compensation not yet recognized	$ 679,100		$ 679,100
Compensation cost (in years)			2 years 9 months 18 days
PRSUs
Number of RSUs and PRSUs Outstanding
Granted (in shares)			1,600,000
Weighted- Average Grant Date Fair Value
Award vesting rights, target (as a percent)			100%
PRSUs \| Minimum
Weighted- Average Grant Date Fair Value
Award vesting rights, target (as a percent)			0%
PRSUs \| Maximum
Weighted- Average Grant Date Fair Value
Award vesting rights, target (as a percent)			150%
PRSUs, Subject to Service Condition
Number of RSUs and PRSUs Outstanding
Granted (in shares)			600,000

Equity Incentive Plans - Stock-

Equity Incentive Plans - Stock-Based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 05, 2023	Nov. 06, 2022	Nov. 05, 2023	Nov. 06, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 87,966	$ 86,979	$ 255,243	$ 245,114
Cost of revenue—product
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	1,443	2,984	7,056	7,454
Cost of revenue—subscription services
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	6,849	5,814	19,347	16,978
Research and development
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	43,908	42,390	126,225	120,482
Sales and marketing
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	19,209	18,441	55,883	54,740
General and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 16,557	$ 17,350	$ 46,732	$ 45,460

Net Income (Loss) per Share A_3

Net Income (Loss) per Share Attributable to Common Stockholders - Net Loss per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 05, 2023	Nov. 06, 2022	Nov. 05, 2023	Nov. 06, 2022
Earnings Per Share [Abstract]
Net loss	$ 70,389	$ (787)	$ (4,127)	$ (1,400)
Weighted-average shares used in computing net income (loss) per share attributable to common stockholders, basic (in shares)	314,153	300,984	309,842	298,101
Add: Dilutive effect of common stock equivalents (in shares)	16,102	0	0	0
Weighted-average shares used in computing net income (loss) per share attributable to common stockholders, diluted (in shares)	330,255	300,984	309,842	298,101
Net income (loss) per share attributable to common stockholders, basic (in dollars per share)	$ 0.22	$ 0	$ (0.01)	$ 0
Net income (loss) per share attributable to common stockholders, diluted (in dollars per share)	$ 0.21	$ 0	$ (0.01)	$ 0

Net Income (Loss) per Share A_4

Net Income (Loss) per Share Attributable to Common Stockholders - Shares Excluded (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Nov. 05, 2023	Nov. 06, 2022	Nov. 05, 2023	Nov. 06, 2022
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	62,307	47,025	63,664
Stock options to purchase common stock
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	10,164	7,185	10,812
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)	0	29,809	31,115	30,510
Unvested LTP Awards
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	0	2,298	0
Unvested restricted stock
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	0	0	8
Shares related to convertible senior notes
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	21,884	5,772	21,884
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	450	655	450

Other Income (Expense), Net - O

Other Income (Expense), Net - Other Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 05, 2023	Nov. 06, 2022	Nov. 05, 2023	Nov. 06, 2022
Other Income and Expenses [Abstract]
Interest income	$ 12,167	$ 3,969	$ 35,652	$ 8,280
Interest expense	(2,094)	(1,117)	(5,441)	(3,600)
Foreign currency transactions losses	(4,599)	(6,663)	(6,285)	(15,689)
Other income (expense)	(290)	997	(307)	2,599
Total other income (expense), net	$ 5,184	$ (2,814)	$ 23,619	$ (8,410)

Segment Information - Revenue b

Segment Information - Revenue by Geographic Area (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 05, 2023	Nov. 06, 2022	Nov. 05, 2023	Nov. 06, 2022
Revenues From External Customers And Long Lived Assets [Line Items]
Total revenue	$ 762,838	$ 676,050	$ 2,040,816	$ 1,943,227
United States
Revenues From External Customers And Long Lived Assets [Line Items]
Total revenue	535,452	492,770	1,457,266	1,419,440
Rest of the world
Revenues From External Customers And Long Lived Assets [Line Items]
Total revenue	$ 227,386	$ 183,280	$ 583,550	$ 523,787

Segment Information - Long-Live

Segment Information - Long-Lived Assets by Geographic Area (Details) - USD ($) $ in Thousands	Nov. 05, 2023	Feb. 05, 2023
Revenues From External Customers And Long Lived Assets [Line Items]
Total long-lived assets	$ 337,559	$ 272,445
United States
Revenues From External Customers And Long Lived Assets [Line Items]
Total long-lived assets	326,833	259,131
Rest of the world
Revenues From External Customers And Long Lived Assets [Line Items]
Total long-lived assets	$ 10,726	$ 13,314

Uncategorized Items - pstg-2023

Label	Element	Value
Accounting Standards Update [Extensible Enumeration]	us-gaap_AccountingStandardsUpdateExtensibleList	Accounting Standards Update 2020-06 [Member]