Super Micro Computer (SMCI) 10-Q 2 Feb 24 2024 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Dec. 31, 2023	Jan. 31, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 31, 2023
Document Transition Report	false
Entity File Number	001-33383
Entity Registrant Name	Super Micro Computer, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	77-0353939
Entity Address, Address Line One	980 Rock Avenue
Entity Address, City or Town	San Jose
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	95131
City Area Code	408
Local Phone Number	503-8000
Title of 12(b) Security	Common Stock, $0.001 par value per share
Trading Symbol	SMCI
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Smaller Reporting Company	false
Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		55,933,330
Entity Central Index Key	0001375365
Current Fiscal Year End Date	--06-30
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Jun. 30, 2023
Current assets:
Cash and cash equivalents	$ 725,660	$ 440,459
Accounts receivable, net of allowance for credit losses of $77 and $82 at December 31, 2023 and June 30, 2023, respectively (including accounts receivable from related parties of $3,859 and $5,473 at December 31, 2023 and June 30, 2023, respectively)	1,502,971	1,148,259
Inventories	2,466,997	1,445,564
Prepaid expenses and other current assets (including receivables from related parties of $34,293 and $27,732 at December 31, 2023 and June 30, 2023, respectively)	146,727	145,144
Total current assets	4,842,355	3,179,426
Property, plant and equipment, net	297,102	290,240
Deferred income taxes, net	218,274	162,654
Other assets	47,269	42,409
Total assets	5,405,000	3,674,729
Current liabilities:
Accounts payable (including amounts due to related parties of $101,700 and $89,134 at December 31, 2023 and June 30, 2023, respectively)	1,261,533	776,831
Accrued liabilities (including amounts due to related parties of $18,509 and $14,017 at December 31, 2023 and June 30, 2023, respectively)	214,462	163,865
Income taxes payable	46,453	129,166
Short-term debt	276,307	170,123
Deferred revenue	193,334	134,667
Total current liabilities	1,992,089	1,374,652
Deferred revenue, non-current	190,342	169,781
Long-term debt	99,322	120,179
Other long-term liabilities	46,173	37,947
Total liabilities	2,327,926	1,702,559
Commitments and contingencies (Note 11)
Stockholders’ equity:
Common stock and additional paid-in capital, $0.001 par value authorized shares: 100,000; issued and outstanding shares: 53,295 and 52,901 at december 31, 2023 and june 30, 2023, respectively	1,190,276	538,352
Accumulated other comprehensive income	657	639
Retained earnings	1,885,977	1,433,014
Total Super Micro Computer, Inc. stockholders’ equity	3,076,910	1,972,005
Noncontrolling interest	164	165
Total stockholders’ equity	3,077,074	1,972,170
Total liabilities and stockholders’ equity	$ 5,405,000	$ 3,674,729

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Dec. 31, 2023	Jun. 30, 2023
Current assets:
Accounts receivable, allowance for credit loss	$ 77	$ 82
Accounts receivable, after allowance for credit loss, current	1,502,971	1,148,259
Prepaid expenses and other current assets (including receivables from related parties of $34,293 and $27,732 at December 31, 2023 and June 30, 2023, respectively)	146,727	145,144
Current liabilities:
Accounts payable, related parties	1,261,533	776,831
Accrued liabilities, related parties	$ 214,462	$ 163,865
Stockholders’ equity:
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	100,000	100,000
Common stock, shares issued (in shares)	55,917	52,901
Common stock, shares outstanding (in shares)	55,917	52,901
Related Party
Current assets:
Accounts receivable, after allowance for credit loss, current	$ 3,859	$ 5,473
Prepaid expenses and other current assets (including receivables from related parties of $34,293 and $27,732 at December 31, 2023 and June 30, 2023, respectively)	34,293	27,732
Current liabilities:
Accounts payable, related parties	101,700	89,134
Accrued liabilities, related parties	$ 18,509	$ 14,017

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Income Statement [Abstract]
Net sales (including related party sales of $15,781 and $20,073 in the three months ended December 31, 2023 and 2022, respectively, and $33,177 and $45,126 in the six months ended December 31, 2023 and 2022, respectively)	$ 3,664,924	$ 1,803,195	$ 5,784,596	$ 3,655,325
Cost of sales (including related party purchases of $112,445 and $98,743 in the three months ended December 31, 2023 and 2022, respectively, and $225,552 and $195,279 in the six months ended December 31, 2023 and 2022, respectively)	3,100,602	1,465,773	4,866,583	2,970,368
Gross profit	564,322	337,422	918,013	684,957
Operating expenses:
Research and development	108,824	70,700	219,851	144,943
Sales and marketing	46,854	28,445	84,084	57,808
General and administrative	37,180	23,095	70,104	46,901
Total operating expenses	192,858	122,240	374,039	249,652
Income from operations	371,464	215,182	543,974	435,305
Other (expense) income, net	(7,886)	(6,335)	(1,273)	1,719
Interest expense	(8,131)	(1,756)	(9,994)	(5,694)
Income before income tax provision	355,447	207,091	532,707	431,330
Income tax provision	(61,503)	(29,573)	(81,718)	(68,507)
Share of income (loss) from equity investee, net of taxes	2,024	(1,351)	1,974	(2,240)
Net income	$ 295,968	$ 176,167	$ 452,963	$ 360,583
Net income per common share:
Basic (in dollars per share)	$ 5.47	$ 3.31	$ 8.45	$ 6.84
Diluted (in dollars per share)	$ 5.10	$ 3.14	$ 7.86	$ 6.51
Weighted-average shares used in the calculation of net income per common share:
Basic (in shares)	54,135	53,160	53,614	52,726
Diluted (in shares)	58,078	56,144	57,632	55,427

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Net sales	$ 3,664,924	$ 1,803,195	$ 5,784,596	$ 3,655,325
Cost of sales	3,100,602	1,465,773	4,866,583	2,970,368
Related Party
Net sales	15,781	20,073	33,177	45,126
Cost of sales	$ 112,445	$ 98,743	$ 225,552	$ 195,279

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 295,968	$ 176,167	$ 452,963	$ 360,583
Other comprehensive income (loss), net of tax:
Foreign currency translation gain (loss)	6	98	18	(299)
Total other comprehensive income (loss), net of tax	6	98	18	(299)
Total comprehensive income	$ 295,974	$ 176,265	$ 452,981	$ 360,284

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($) $ in Thousands	Total	Common Stock and Additional Paid-In Capital	Accumulated Other Comprehensive Income (Loss)	Retained Earnings	Non-controlling Interest
Shares outstanding, beginning balance (in shares) at Jun. 30, 2022		52,311,014
Stockholders' equity, beginning balance at Jun. 30, 2022	$ 1,425,747	$ 481,741	$ 911	$ 942,923	$ 172
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of stock options, net of taxes (in shares)		752,892
Exercise of stock options, net of taxes	15,327	$ 15,327
Release of common stock shares upon vesting of restricted stock units (in shares)		484,003
Shares withheld for the withholding tax on vesting of restricted stock units (in shares)		(147,608)
Shares withheld for the withholding tax on vesting of restricted stock units	(10,504)	$ (10,504)
Stock-based compensation	27,995	$ 27,995
Other comprehensive income (loss)	(299)		(299)
Net income (loss)	360,576			360,583	(7)
Shares outstanding, ending balance (in shares) at Dec. 31, 2022		53,400,301
Stockholders' equity, ending balance at Dec. 31, 2022	1,818,842	$ 514,559	612	1,303,506	165
Shares outstanding, beginning balance (in shares) at Sep. 30, 2022		52,851,469
Stockholders' equity, beginning balance at Sep. 30, 2022	1,625,203	$ 497,183	514	1,127,339	167
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of stock options, net of taxes (in shares)		347,666
Exercise of stock options, net of taxes	7,183	$ 7,183
Release of common stock shares upon vesting of restricted stock units (in shares)		290,471
Shares withheld for the withholding tax on vesting of restricted stock units (in shares)		(89,305)
Shares withheld for the withholding tax on vesting of restricted stock units	(6,788)	$ (6,788)
Stock-based compensation	16,981	$ 16,981
Other comprehensive income (loss)	98		98
Net income (loss)	176,165			176,167	(2)
Shares outstanding, ending balance (in shares) at Dec. 31, 2022		53,400,301
Stockholders' equity, ending balance at Dec. 31, 2022	$ 1,818,842	$ 514,559	612	1,303,506	165
Shares outstanding, beginning balance (in shares) at Jun. 30, 2023	52,901,000	52,901,358
Stockholders' equity, beginning balance at Jun. 30, 2023	$ 1,972,170	$ 538,352	639	1,433,014	165
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of stock options, net of taxes (in shares)	341,409	341,409
Exercise of stock options, net of taxes	$ 9,574	$ 9,574
Release of common stock shares upon vesting of restricted stock units (in shares)		511,022
Shares withheld for the withholding tax on vesting of restricted stock units (in shares)		(151,590)
Shares withheld for the withholding tax on vesting of restricted stock units	(40,894)	$ (40,894)
Issuance of common stock in a public offering, net of issuance costs (in shares)		2,315,105
Issuance of common stock in a public offering, net of issuance costs	582,804	$ 582,804
Stock-based compensation	100,440	$ 100,440
Other comprehensive income (loss)	18		18
Net income (loss)	$ 452,962			452,963	(1)
Shares outstanding, ending balance (in shares) at Dec. 31, 2023	55,917,000	55,917,304
Stockholders' equity, ending balance at Dec. 31, 2023	$ 3,077,074	$ 1,190,276	657	1,885,977	164
Shares outstanding, beginning balance (in shares) at Sep. 30, 2023		53,294,998
Stockholders' equity, beginning balance at Sep. 30, 2023	2,165,539	$ 574,718	651	1,590,009	161
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of stock options, net of taxes (in shares)		152,452
Exercise of stock options, net of taxes	5,287	$ 5,287
Release of common stock shares upon vesting of restricted stock units (in shares)		213,366
Shares withheld for the withholding tax on vesting of restricted stock units (in shares)		(58,617)
Shares withheld for the withholding tax on vesting of restricted stock units	(15,594)	$ (15,594)
Issuance of common stock in a public offering, net of issuance costs (in shares)		2,315,105
Issuance of common stock in a public offering, net of issuance costs	582,804	$ 582,804
Stock-based compensation	43,061	$ 43,061
Other comprehensive income (loss)	6		6
Net income (loss)	$ 295,971			295,968	3
Shares outstanding, ending balance (in shares) at Dec. 31, 2023	55,917,000	55,917,304
Stockholders' equity, ending balance at Dec. 31, 2023	$ 3,077,074	$ 1,190,276	$ 657	$ 1,885,977	$ 164

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
OPERATING ACTIVITIES:
Net income	$ 452,963	$ 360,583
Reconciliation of net income to net cash (used in) provided by operating activities:
Depreciation and amortization	18,775	17,196
Stock-based compensation expense	100,440	27,995
Share of (income) loss from equity investee	(1,974)	2,240
Foreign currency exchange loss (gain)	5,680	(4,614)
Deferred income taxes, net	(55,620)	(25,812)
Other	2,700	(430)
Changes in operating assets and liabilities:
Accounts receivable, net (including changes in related party balances of $1,614 and $3,178 during the six months ended December 31, 2023 and 2022, respectively)	(354,685)	68,036
Inventories	(1,021,433)	123,789
Prepaid expenses and other assets (including changes in related party balances of $(6,561) and $(22,925) during the six months ended December 31, 2023 and 2022, respectively)	3,343	518
Accounts payable (including changes in related party balances of $12,566 and $751 during the six months ended December 31, 2023 and 2022, respectively)	479,613	(90,908)
Income taxes payable	(82,713)	(3,030)
Accrued liabilities (including changes in related party balances of $4,492 and $851 during the six months ended December 31, 2023 and 2022, respectively)	48,979	(44,092)
Deferred revenue	79,228	46,243
Other long-term liabilities (including changes in related party balances of $(152) and $(168) during the six months ended December 31, 2023 and 2022, respectively)	84	(3,040)
Net cash (used in) provided by operating activities	(324,620)	474,674
INVESTING ACTIVITIES:
Purchases of property, plant and equipment (including payments to related parties of $4,528 and $4,514 during the six months ended December 31, 2023 and 2022, respectively)	(17,351)	(20,631)
Investment in equity securities	(5,184)	0
Net cash used in investing activities	(22,535)	(20,631)
FINANCING ACTIVITIES:
Proceeds from borrowings	857,683	144,037
Repayment of debt	(776,987)	(564,662)
Proceeds from exercise of stock options, net of taxes	9,574	15,327
Payment of withholding tax on vesting of restricted stock units	(40,894)	(10,504)
Issuance of common stock in a public offering, net of issuance costs	582,804	0
Other	14	(19)
Net cash provided by (used in) financing activities	632,194	(415,821)
Effect of exchange rate fluctuations on cash	170	(1,693)
Net increase in cash, cash equivalents and restricted cash	285,209	36,529
Cash, cash equivalents and restricted cash at the beginning of the period	440,960	268,559
Cash, cash equivalents and restricted cash at the end of the period	726,169	305,088
Supplemental disclosure of cash flow information:
Cash paid for interest	9,344	6,084
Cash paid for taxes, net of refunds	217,788	96,156
Non-cash investing and financing activities:
Unpaid property, plant and equipment purchases (including due to related parties of $2,577 and $1,764 as of December 31, 2023 and 2022, respectively)	6,163	3,333
Right of use ("ROU") assets obtained in exchange for operating lease commitments	$ 9,749	$ 1,024

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Non-cash investing and financing activities:
Changes in accounts receivable	$ (354,685)	$ 68,036
Changes in other receivable	3,343	518
Accounts payable, related party	479,613	(90,908)
Accrued liabilities, related party	48,979	(44,092)
Other long-term liabilities, related party	84	(3,040)
Purchases of property, plant and equipment, related party	17,351	20,631
Unpaid property, plant and equipment purchases, related party	6,163	3,333
Related Party
Non-cash investing and financing activities:
Changes in accounts receivable	1,614	3,178
Changes in other receivable	(6,561)	(22,925)
Accounts payable, related party	12,566	751
Accrued liabilities, related party	4,492	851
Other long-term liabilities, related party	(152)	(168)
Purchases of property, plant and equipment, related party	4,528	4,514
Unpaid property, plant and equipment purchases, related party	$ 2,577	$ 1,764

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Significant Accounting Policies and Estimates No material changes have been made to the significant accounting policies of Super Micro Computer, Inc., a corporation incorporated under the laws of Delaware, and its consolidated entities (together, the “Company”), disclosed in Part II, Item 8, Note 1, "Organization and Summary of Significant Accounting Policies," in its Annual Report on Form 10-K, filed on August 28, 2023, for the year ended June 30, 2023. Management's estimates take into consideration, as applicable, general macroeconomic conditions, inflation, changes in interest rates and geopolitical events. Basis of Presentation The unaudited condensed consolidated financial statements included herein have been prepared by the Company pursuant to the rules and regulations of the United States Securities and Exchange Commission (the “SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States of America ("U.S. GAAP") have been condensed or omitted pursuant to such rules and regulations. The unaudited condensed consolidated financial statements included herein reflect all adjustments, including normal recurring adjustments, which are, in the opinion of management, necessary for a fair presentation of the consolidated financial position, results of operations and cash flows for the periods presented. The consolidated results of operations for the three and six months ended December 31, 2023 are not necessarily indicative of the results that may be expected for future quarters or for the fiscal year ending June 30, 2024. Certain prior year amounts within cash from operating activities in the condensed consolidated statements of cash flows have been reclassified to conform to current year presentation. These changes in presentation do not affect previously reported results. Concentration of Supplier Risk Certain materials used by the Company in the manufacturing of its products are available from a limited number of suppliers. Shortages could occur in these materials due to an interruption of supply or increased demand in the industry. Two suppliers accounted for 68.1% and 7.3% of total purchases for the three months ended December 31, 2023, and the same two suppliers accounted for 17.6% and 14.1% of total purchases for the three months ended December 31, 2022. Two suppliers accounted for 62.9% and 8.6% of total purchases for the six months ended December 31, 2023, and the same two suppliers accounted for 22.3% and 15.3% of total purchases for the six months ended December 31, 2022. The increase in concentration of total purchases to one of the Company's suppliers to 68.1% and 62.9% of total purchases for the three and six months ended December 31, 2023, respectively, is as a result of the purchase of key components to build its solutions for the Company's customers. Purchases from Ablecom, and Compuware, related parties of the Company (see Part I, Item 1, Note 8, "Related Party Transactions") accounted for a combined 3.6% and 6.7% of total cost of sales for the three months ended December 31, 2023 and 2022, respectively, and a combined 4.6% and 6.6% of total cost of sales for the six months ended December 31, 2023 and 2022, respectively. Concentration of Credit and Customer Risk Financial instruments which potentially subject the Company to concentration of credit risk consist primarily of cash and cash equivalents, restricted cash and accounts receivable. Four customers accounted for 26.7%, 16.3%, 13.0% and 11.3% of accounts receivable, net as of December 31, 2023. Two customers accounted for 22.9% and 19.3% of accounts receivable, net as of June 30, 2023. These accounts receivable represent a concentration of credit risk to the Company. Two customers accounted for 25.5% and 10.4% of the net sales for the three months ended December 31, 2023 and o ne customer accounted for 25.3% of the net sales for the six months ended December 31, 2023. No single customer accounted for 10% or more of the net sales for the three months ended December 31, 2022 , and one customer accounted for 15.8% of the net sales for the six months ended December 31, 2022 . Accounting Pronouncements Not Yet Adopted In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280) – Improvements to Reportable Segment Disclosures. This ASU requires that a public entity provide additional segment disclosures on an interim and annual basis. The amendments in this ASU should be applied retrospectively to all prior periods presented in the financial statements unless impracticable. Upon transition, the segment expense categories and amounts disclosed in the prior periods should be based on the significant segment expense categories identified and disclosed in the period of adoption. The ASU is effective for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company is currently evaluating this guidance and the impact it may have on its financial statement disclosures. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which includes amendments that further enhance income tax disclosures, primarily through standardization and disaggregation of rate reconciliation categories and income taxes paid by jurisdiction. The amendments are effective for the Company’s annual periods beginning July 1, 2025, with early adoption permitted, and should be applied either prospectively or retrospectively. The Company is currently evaluating this guidance and the impact it may have on its financial statement disclosures.

Revenue

Revenue	6 Months Ended
	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Revenue	Revenue Disaggregation of Revenue The Company disaggregates revenue by type of product and by the geographical market. Service revenues, which are less than 10%, are not a significant component of total revenue, and are aggregated within the respective categories. The following is a summary of net sales by product type (in thousands): Three Months Ended Six Months Ended 2023 2022 2023 2022 Server and storage systems $ 3,435,562 $ 1,660,931 $ 5,402,170 $ 3,373,987 Subsystems and accessories 229,362 142,264 382,426 281,338 Total $ 3,664,924 $ 1,803,195 $ 5,784,596 $ 3,655,325 Server and storage systems constitute an assembly and integration of subsystems and accessories, and related services. Subsystems and accessories are comprised of server boards, chassis and accessories. International net sales are based on the country and geographic region to which the products were shipped. The following is a summary for the three and six months ended December 31, 2023 and 2022, of net sales by geographic region (in thousands): Three Months Ended Six Months Ended December 31, 2023 2022 2023 2022 United States $ 2,605,585 $ 1,091,391 $ 4,225,099 $ 2,386,895 Asia 656,220 330,711 881,688 600,735 Europe 288,448 312,533 479,296 547,607 Other 114,671 68,560 198,513 120,088 Total $ 3,664,924 $ 1,803,195 $ 5,784,596 $ 3,655,325 Contract Balances Generally, the payment terms of the Company’s offerings range from 30 to 60 days. In certain instances, customers may prepay for products and services in advance of delivery. Receivables relate to the Company’s unconditional right to consideration for performance obligations either partially or fully completed. Contract assets are rights to consideration in exchange for goods or services that the Company has transferred to a customer when such right is conditional on something other than the passage of time. Such contract assets are insignificant to the Company’s condensed consolidated financial statements. Contract liabilities consist of deferred revenue and relate to amounts invoiced to or advance consideration received from customers, which precede the Company’s satisfaction of the associated performance obligations. The Company’s deferred revenue primarily results from customer payments received upfront for extended warranties and on-site services because these performance obligations are satisfied over time. Additionally, at times, deferred revenue may fluctuate due to the timing of advance consideration received from non-cancellable non-refundable contract liabilities relating to the sale of future products. Revenue recognized during the three and six months ended December 31, 2023, which was included in the opening deferred revenue balance as of June 30, 2023, of $304.4 million, was $31.5 million and $75.2 million, respectively. Deferred revenue increased $79.2 million as of December 31, 2023 as compared to the fiscal year ended June 30, 2023. This increase was mainly due to a $44.3 million increase in non-cancellable non-refundable advance consideration or cash consideration received from customers which preceded the Company's satisfaction of the associated performance obligations relating to product sales expected to be fulfilled in the next 12 months. Transaction Price Allocated to the Remaining Performance Obligations Remaining performance obligations represent in aggregate the amount of transaction price that has been allocated to performance obligations not delivered, or only partially delivered, as of the end of the reporting period. The Company applies the exemption to not disclose information about remaining performance obligations that are part of a contract that has an original expected duration of one year or less. These performance obligations generally consist of services, such as on-site services, including integration services and extended warranty services that are contracted for one year or less, and products for which control has not yet been transferred. The value of the transaction price allocated to remaining performance obligations as of December 31, 2023 was approximately $383.6 million . The Company expects to recognize approximately 50% of remaining performance obligations as revenue in the next 12 months, and the remainder thereafter. Capitalized Contract Acquisition Costs and Fulfillment Cost Contract acquisition costs are those incremental costs that the Company incurs to obtain a contract with a customer that it would not have incurred if the contract had not been obtained. Contract acquisition costs consist primarily of incentive bonuses paid to Company employees. Contract acquisition costs are considered incremental and recoverable costs of obtaining and fulfilling a contract with a customer and are therefore capitalizable. The Company applies the practical expedient to expense incentive bonus costs as incurred if the amortization period would be one year or less, generally upon delivery of the associated server and storage systems or components. Where the amortization period of the contract cost would be more than a year, the Company applies judgment in the allocation of the incentive bonus cost asset between hardware and service performance obligations and expenses the cost allocated to the hardware performance obligations upon delivery of associated server and storage systems or components and amortizes the cost allocated to service performance obligations over the period the services are expected to be provided. Contract acquisition costs allocated to service performance obligations that are subject to capitalization are insignificant to the Company’s condensed consolidated financial statements. Contract fulfillment costs consist of costs paid in advance for outsourced services provided by third parties to the extent they are not in the scope of other guidance. Fulfillment costs paid in advance for outsourced services provided by third parties are capitalized and amortized over the period the services are expected to be provided. Such fulfillment costs are insignificant to the Company’s condensed consolidated financial statements.

Net Income Per Common Share

Net Income Per Common Share	6 Months Ended
	Dec. 31, 2023
Earnings Per Share [Abstract]
Net Income Per Common Share	Net Income Per Common Share The following table shows the computation of basic and diluted net income per common share for the three and six months ended December 31, 2023 and 2022 (in thousands, except per share amounts): Three Months Ended Six Months Ended 2023 2022 2023 2022 Numerator: Net income $ 295,968 $ 176,167 $ 452,963 $ 360,583 Denominator: Weighted-average shares outstanding 54,135 53,160 53,614 52,726 Effect of dilutive securities 3,943 2,984 4,017 2,701 Weighted-average diluted shares 58,078 56,144 57,632 55,427 Basic net income per common share $ 5.47 $ 3.31 $ 8.45 $ 6.84 Diluted net income per common share $ 5.10 $ 3.14 $ 7.86 $ 6.51 For the three and six months ended December 31, 2023 and 2022, the Company had stock options and restricted stock units ("RSUs") outstanding that could potentially dilute basic earnings per share in the future, but were excluded from the computation of diluted net income per share in the periods presented, as their effect would have been anti-dilutive. The anti-dilutive common share equivalents resulting from outstanding equity awards were 584,855 and 211,729 for the three months ended December 31, 2023 and 2022, respectively, and 461,292 and 259,562 for the six months ended December 31, 2023 and 2022, respectively.

Balance Sheet Components

Balance Sheet Components	6 Months Ended
	Dec. 31, 2023
Balance Sheet Related Disclosures [Abstract]
Balance Sheet Components	Balance Sheet Components The following tables provide details of the selected balance sheet items (in thousands): Cash, Cash Equivalents and Restricted Cash: December 31, 2023 June 30, 2023 Cash and cash equivalents $ 725,660 $ 440,459 Restricted cash included in other assets 509 501 Total cash, cash equivalents and restricted cash $ 726,169 $ 440,960 Inventories: December 31, 2023 June 30, 2023 Finished goods $ 1,566,278 $ 1,045,177 Work in process 516,331 71,874 Purchased parts and raw materials 384,388 328,513 Total inventories $ 2,466,997 $ 1,445,564 Property, Plant, and Equipment: December 31, 2023 June 30, 2023 Buildings $ 143,496 $ 143,496 Machinery and equipment 138,256 130,151 Land 90,754 86,642 Building and leasehold improvements 61,708 59,634 Furniture and fixtures 38,820 36,303 Software 23,823 23,098 Building construction in progress 1,941 303 498,798 479,627 Accumulated depreciation and amortization (201,696) (189,387) Property, plant and equipment, net $ 297,102 $ 290,240 Accrued Liabilities: December 31, 2023 June 30, 2023 Accrued payroll and related expenses $ 64,237 $ 53,439 Customer deposits 35,965 16,577 Contract manufacturers liabilities 24,565 23,634 Accrued cooperative marketing expenses 12,153 9,744 Accrued warranty costs 9,554 9,079 Operating lease liability 8,940 7,292 Accrued professional fees 756 2,363 Other 58,292 41,737 Total accrued liabilities $ 214,462 $ 163,865 Product Warranties: Three Months Ended Six Months Ended December 31, 2023 2022 2023 2022 Balance, beginning of the period $ 15,629 $ 12,703 $ 14,859 $ 12,136 Provision for warranty 10,515 8,933 23,044 17,550 Costs utilized (9,587) (8,553) (21,391) (17,026) Change in estimated liability for pre-existing warranties 59 193 104 616 Balance, end of the period 16,616 13,276 16,616 13,276 Current portion 9,554 8,668 9,554 8,668 Non-current portion $ 7,062 $ 4,608 $ 7,062 $ 4,608

Fair Value Disclosure

Fair Value Disclosure	6 Months Ended
	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value Disclosure	Fair Value Disclosure The financial instruments of the Company measured at fair value on a recurring basis are included in cash equivalents, other assets and accrued liabilities. The Company classifies its financial instruments, except for its investment in an auction rate security, within Level 1 or Level 2 in the fair value hierarchy because the Company uses quoted prices in active markets or alternative pricing sources and models using market observable inputs to determine their fair value. The Company’s investment in an auction rate security is classified within Level 3 of the fair value hierarchy as the determination of its fair value was not based on observable inputs as of December 31, 2023 and June 30, 2023. The Company is using the discounted cash flow method to estimate the fair value of the auction rate security at each period end and the following assumptions: (i) the expected yield based on observable market rate of similar securities, (ii) the security coupon rate that is reset monthly, (iii) the estimated holding period and (iv) a liquidity discount. The liquidity discount assumption is based on the management estimate of lack of marketability discount of similar securities and is determined based on the analysis of financial market trends over time, recent redemptions of securities and other market activities. Financial Assets and Liabilities Measured on a Recurring Basis The following table sets forth the Company’s financial instruments as of December 31, 2023 and June 30, 2023, which are measured at fair value on a recurring basis by level within the fair value hierarchy. These are classified based on the lowest level of input that is significant to the fair value measurement (in thousands): December 31, 2023 Level 1 Level 2 Level 3 Asset at Assets Money market funds (1) $ 284 $ — $ — $ 284 Certificates of deposit (2) — 465 — 465 Investment in marketable equity security 4,176 — — 4,176 Auction rate security — — 1,843 1,843 Total assets measured at fair value $ 4,460 $ 465 $ 1,843 $ 6,768 June 30, 2023 Level 1 Level 2 Level 3 Asset at Assets Money market funds (1) $ 20,823 $ — $ — $ 20,823 Certificates of deposit (2) — 462 — 462 Auction rate security — — 1,843 1,843 Total assets measured at fair value $ 20,823 $ 462 $ 1,843 $ 23,128 (1) $0.1 million and $20.6 million in money market funds are included cash and cash equivalents and $0.2 million and $0.2 million in money market funds are included in restricted cash, non-current in other assets in the condensed consolidated balance sheets as of December 31, 2023 and June 30, 2023, respectively. (2) $0.2 million and $0.2 million in certificates of deposit are included in cash and cash equivalents, $0.1 million and $0.1 million in certificates of deposit are included in prepaid expenses and other assets, and $0.2 million and $0.2 million in certificates of deposit are included in restricted cash, non-current in other assets in the condensed consolidated balance sheets as of December 31, 2023 and June 30, 2023, respectively. The carrying amounts reported in the condensed consolidated balance sheets for cash and cash equivalents, accounts receivable, other assets, accounts payable and accrued liabilities approximate their fair values. The investment in marketable equity security is carried at fair value using values available on a public exchange and is based on a Level 1 input. The unrealized gains and losses of the investment is included in earnings. The condensed consolidated statement of operations for the three and six months ended December 31, 2023, includes an unrealized gain of $0.3 million and a loss of $0.8 million, respectively, which have been recorded in Other income, net. On a quarterly basis, the Company also evaluates the current expected credit loss by co nsidering factors such as historical experience, market data, issuer-specific factors, and current economic conditions. For the three and six months ended December 31, 2023, the credit losses related to the Company’s investments were not material. There was immaterial movement in the balances of the Company's financial assets measured at fair value on a recurring basis, consisting of investment in an auction rate security, using significant unobservable inputs (Level 3) for the three and six months ended December 31, 2023 and 2022. There were no transfers between Level 1, Level 2 or Level 3 financial instruments in the three and six months ended December 31, 2023 and 2022. The following is a summary of the Company’s investment in an auction rate security as of December 31, 2023 and June 30, 2023 (in thousands): Cost Basis Gross Gross Fair Value Auction rate security $ 1,750 $ 287 $ (194) $ 1,843 No gain or loss was recognized in other comprehensive income for the auction rate security for the three and six months ended December 31, 2023 and 2022. The Company measures the fair value of outstanding debt for disclosure purposes on a recurring basis. As of December 31, 2023 and June 30, 2023, total debt of $375.6 million and $290.3 million, respectively, was reported at amortized cost. This outstanding debt was classified as Level 2 as it was not actively traded. The amortized cost of the outstanding debt approximates the fair value. Other Financial Assets - Investments into Non-Marketable Equity Securities The Company's non-marketable equity securities are investments in privately held companies without readily determinable fair values in the amount of $0.1 million and $1.7 million as of December 31, 2023 and June 30, 2023, respectively. The Company accounts for these investments at cost less impairment, if any, plus or minus changes from observable price changes in orderly transactions for the identical or similar investments by the same issuer. During the three and six months ended December 31, 2023, the Company performed a qualitative assessment and identified impairment indicators. The Company recorded a $0.2 million and $1.8 million impairment during the three and six months ended December 31, 2023, respectively, in Other income, net on the condensed consolidated statement of operations. The Company did not have any impairment to the carrying values of the non-marketable equity securities during the three and six months ended December 31, 2022.

Short-term and Long-term Debt

Short-term and Long-term Debt	6 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Short-term and Long-term Debt	Short-term and Long-term Debt Short-term and long-term debt obligations as of December 31, 2023 and June 30, 2023 consisted of the following (in thousands): December 31, June 30, 2023 2023 Line of credit: 2018 Bank of America Credit Facility $ — $ — 2022 Bank of America Credit Facility 20,000 — Cathay Bank Line of Credit 131,583 131,583 2023 CTBC Credit Lines 36,873 — HSBC Bank Credit Facility 29,704 — Mega Bank Credit Facility 15,526 — Total line of credit 233,686 131,583 Term loan facilities: Chang Hwa Bank Credit Facility due October 15, 2026 22,911 26,853 CTBC Term Loan Facility, due June 4, 2030 35,579 38,208 2021 CTBC Credit Lines, due August 15, 2026 3,991 4,721 2021 E.SUN Bank Credit Facility, due September 15, 2026 28,463 33,513 2022 ESUN Bank Credit Facility, due August 15, 2027 15,419 16,756 Mega Bank Credit Facility, due September 15, 2026 35,580 38,668 Total term loans 141,943 158,719 Total debt 375,629 290,302 Short-term debt and current portion of long-term debt 276,307 170,123 Debt, non-current $ 99,322 $ 120,179 Activities under Revolving Lines of Credit and Term Loans Available borrowings and interest rates as of December 31, 2023 and June 30, 2023 consisted of the following (in thousands except for percentages): December 31, 2023 June 30, 2023 Available borrowings Interest rate Available borrowings Interest rate Line of credit: 2018 Bank of America Credit Facility $ 350,000 6.82% $ 350,000 6.57% 2022 Bank of America Credit Facility $ — 6.49% $ 20,000 3.36% Cathay Bank Line of Credit $ 417 7.36% $ 417 7.08% 2022 CTBC Credit Lines $ — — $ 105,000 3.33% 2023 CTBC Credit Line $ 68,127 1.96% - 6.52% $ — — Chang Hwa Bank Credit Facility $ 20,000 6.38% $ 20,000 6.58% HSBC Bank Credit Facility $ 20,296 1.90% - 6.37% $ 50,000 4.50% 2022 E.SUN Bank Credit Facility $ 30,000 6.67% $ 30,000 4.18% Mega Bank Credit Facility $ 4,474 1.90% $ 20,000 2.55% Term loan facilities: Chang Hwa Bank Credit Facility due October 15, 2026 $ — 1.55% $ — 1.55% CTBC Term Loan Facility, due June 4, 2030 $ — 1.20% $ — 1.20% 2021 CTBC Credit Lines, due August 15, 2026 $ — 1.40% $ — 1.40% 2021 E.SUN Bank Credit Facility, due September 15, 2026 $ — 1.75% $ 7,734 1.75% 2022 ESUN Bank Credit Facility, due August 15, 2027 $ — 1.75% $ — 1.75% Mega Bank Credit Facility, due September 15, 2026 $ — 1.40% - 1.60% $ — 1.40% - 1.60% See “Part II. Item 8. Financial Statements and Supplementary Data – Note 7. Short-term and Long-term Debt” of the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2023 for a more complete description of the Company's credit facilities. The Company entered into new agreements during the six months ended December 31, 2023 with the following terms: CTBC Bank 2023 CTBC Bank Credit Lines On September 28, 2023 (the “Effective Date”), the Company's Taiwan subsidiary entered into a new general agreement for omnibus credit lines with CTBC Bank, which replaces the prior CTBC credit lines in their entirety and permits for borrowings, from time to time, thereunder pursuant to various individual credit arrangements and includes the previously issued long and medium term loan facility of NTD 1,550.0 million entered in 2021 and 2020 (the “Long and Medium Loan Facility”), and each of (i) a short-term loan and guarantee line providing credit of up to NTD1,250.0 million and NTD100.0 million, respectively (the “NTD Short Term Loan/Guarantee Line”), (ii) a short-term loan providing a line of credit of up to $40.0 million (the “USD Short Term Loan Line”), and (iii) an export/import o/a loan line providing a line of credit of up to $105.0 million for exports and $50.0 million for imports (the “Export/Import Line,” and, together with the NTD Short Term Loan/Guarantee Line and the USD Short Term Loan Line, the “New CTBC Credit Lines”). Aggregate borrowings under the New CTBC Credit Lines together is subject to a cap of $105.0 million. Interest rates under each of the individual New CTBC Credit Lines are to be established according to individual credit arrangements, which interest rates shall be subject to adjustment depending on the satisfaction of certain conditions. Each of the NTD Short Term Loan/Guarantee Line and USD Short Term Loan Line are secured by certain of the Company's Taiwan subsidiary’s assets, including certain property, land, and plant. The tenor for each of the individual New CTBC Credit Lines is one year. For the Long and Medium Loan Facility, the Taiwan subsidiary is subject to various financial covenants, including current ratio, debt service coverage ratio, and financial debt ratio requirements. In the event the Taiwan subsidiary does not satisfy such financial covenants, CTBC Bank is permitted to, among other things, reduce the permitted total borrowings to a cap of $70.0 million from $105.0 million. Additional covenants require, among other things, the Company to maintain ownership of all of the capital stock of its Taiwan subsidiary and prohibit secondary mortgages on certain assets securing various of the New CTBC Credit Lines. The New CTBC Credit Lines have customary default provisions permitting CTBC Bank to suspend the extension of credit, reduce the credit line, shorten the credit extension term, or declare all principal and interest amounts immediately due and payable upon the occurrence of an event of default. The Company's Taiwan subsidiary intends to use borrowings under the New CTBC Credit Lines in connection with financing of eligible accounts receivable and accounts payable (vendor invoices) and to finance additional improvements to the Company’s Bade Manufacturing Facility located in Taiwan. As of December 31, 2023, the outstanding borrowings under the 2023 CTBC Bank Credit Lines were $36.9 million. The interest rate for these loans were 1.96% - 6.52% per annum as of December 31, 2023. HSBC Bank 2023 HSBC Bank Credit Lines On December 7, 2023, the Company's Taiwan subsidiary entered into a new Facility Letter with the Taiwan affiliate of HSBC Bank. The New Facility Letter is substantially identical to the prior Facility Letter entered into with HSBC Bank on February 7, 2023. The New Facility Letter permits borrowings up to a combined aggregate limit of $50 million which may be comprised of borrowings under a New Taiwan Dollar revolving facility with a sub-limit of NTD 300 million (the “NTD Revolver”) and an export/seller facility with a sub-limit of $50 million (the “Export/Seller Facility”, and together with the NTD Revolver, the "HSBC Bank Credit Lines"). Interest under both the NTD Revolver and Export/Seller Facility is based on HSBC Bank’s base rate plus a fixed margin, subject to adjustment under certain circumstances. Interest payments thereunder are due on a monthly basis, or such other interest period as agreed by HSBC Bank, and principal is repayable on the due date. Amounts due under the New Facility Letter are currently not secured, but subject to HSBC Bank’s right of set-off and right to repayment on demand and call for cash coverage. As of December 31, 2023, the outstanding borrowings under HSBC Bank Credit Lines were $29.7 million. The interest rates for these loans were 1.90% - 6.37% per annum as of December 31, 2023. Principal payments on short-term and long-term obligations are due as follows (in thousands): Fiscal Year Principal Payments Remainder of 2024 $ 254,997 2025 42,621 2026 42,621 2027 18,517 2028 6,246 2029 and thereafter 10,627 Total short-term and long-term debt $ 375,629 The Company is in compliance with all the covenants for the outstanding debt.

Leases

Leases	6 Months Ended
	Dec. 31, 2023
Leases [Abstract]
Leases	Leases The Company leases offices, warehouses and other premises, vehicles and certain equipment leased under non-cancelable operating leases. Operating lease expense recognized and supplemental cash flow information related to operating leases for the three and six months ended December 31, 2023 and 2022 were as follows (in thousands): Three Months Ended December 31, Six Months Ended December 31, 2023 2022 2023 2022 Operating lease expense (including expense for lease agreements with related parties of $139 and $140 for the three months ended December 31, 2023 and 2022, respectively, and $277 and $284 for the six months ended December 31, 2023 and 2022, respectively) $ 2,354 $ 2,115 $ 4,539 $ 4,225 Cash payments for operating leases (including payments to related parties of $129 and $127 for the three months ended December 31, 2023 and 2022, respectively, and $257 and $257 for the six months ended December 31, 2023 and 2022, respectively) $ 2,204 $ 2,025 $ 4,287 $ 4,063 New operating lease assets obtained in exchange for operating lease liabilities $ 572 $ 274 $ 9,749 $ 1,024 During the three and six months ended December 31, 2023 and 2022, the Company’s costs related to short-term lease arrangements for real estate and non-real estate assets were immaterial. Non-lease variable payments expensed in the three and six months ended December 31, 2023 were $0.5 million and $0.9 million, respectively. Non-lease variable payments expensed in the three and six months ended December 31, 2022 were $0.4 million and $0.9 million, respectively. As of December 31, 2023, the weighted average remaining lease term for operating leases was 3.1 years and the weighted average discount rate was 4.2%. Maturities of operating lease liabilities under noncancelable operating lease arrangements as of December 31, 2023 were as follows (in thousands): Fiscal Year: Maturities of operating leases Remainder of 2024 $ 4,839 2025 9,436 2026 5,600 2027 3,885 2028 2,827 2029 and beyond 429 Total future lease payments 27,016 Less: Imputed interest (1,991) Present value of operating lease liabilities $ 25,025 The Company has entered into lease agreements with related parties. See Part I, Item 1, Note 8, “Related Party Transactions,” for a further discussion.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Dec. 31, 2023
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions The Company has a variety of business relationships with Ablecom and Compuware. Ablecom and Compuware are both Taiwan corporations. Ablecom is one of the Company’s major contract manufacturers; Compuware is both a distributor of the Company’s products and a contract manufacturer for the Company. Ablecom’s Chief Executive Officer, Steve Liang, is the brother of Charles Liang, the Company’s President, Chief Executive Officer and Chairman of the Board. Steve Liang and his family members owned approximately 36.0% of Ablecom’s stock and Charles Liang and his spouse, Sara Liu, who is also an officer and director of the Company, collectively owned approximately 10.5% of Ablecom’s capital stock as of December 31, 2023. Bill Liang, a brother of both Charles Liang and Steve Liang, is a member of the Board of Directors of Ablecom. Bill Liang is also the Chief Executive Officer of Compuware, a member of Compuware’s Board of Directors and a holder of a significant equity interest in Compuware. Steve Liang is also a member of Compuware’s Board of Directors and is an equity holder of Compuware. Neither Charles Liang nor Sara Liu own any capital stock of Compuware and the Company does not own any of Ablecom or Compuware’s capital stock. In addition, a sibling of Yih-Shyan (Wally) Liaw, who is our Senior Vice President, Business Development and a director, owns approximately 11.7% of Ablecom’s capital stock and 8.7% of Compuware’s capital stock. Dealings with Ablecom The Company has entered into a series of agreements with Ablecom, including multiple product development, production and service agreements, product manufacturing agreements, manufacturing services agreements and lease agreements for warehouse space. Under these agreements, the Company outsources to Ablecom a portion of its design activities and a significant part of its server chassis manufacturing as well as an immaterial portion of other components. Ablecom manufactured approximately 87.2% and 95.5% of the chassis included in the products sold by the Company during the three months ended December 31, 2023 and 2022, respectively, and 86.3% and 91.8% of the chassis included in the products sold by the Company during the six months ended December 31, 2023 and 2022, respectively. With respect to design activities, Ablecom generally agrees to design certain agreed-upon products according to the Company’s specifications, and further agrees to build the tools needed to manufacture the products. The Company pays Ablecom for the design and engineering services, and further agrees to pay Ablecom for the tooling. The Company retains full ownership of any intellectual property resulting from the design of these products and tooling. With respect to the manufacturing aspects of the relationship, Ablecom purchases most of materials needed to manufacture the chassis from third parties and the Company provides certain components used in the manufacturing process (such as power supplies) to Ablecom through consignment or sales transactions. Ablecom uses these materials and components to manufacture the completed chassis and then sell them back to the Company. For the components purchased from the Company, Ablecom sells the components back to the Company at a price equal to the price at which the Company sold the components to Ablecom. The Company and Ablecom frequently review and negotiate the prices of the chassis the Company purchases from Ablecom. In addition to inventory purchases, the Company also incurs other costs associated with design services, tooling and other miscellaneous costs from Ablecom. The Company’s exposure to financial loss as a result of its involvement with Ablecom is limited to potential losses on its purchase orders in the event of an unforeseen decline in the market price and/or demand of the Company’s products such that the Company incurs a loss on the sale or cannot sell the products. Outstanding cancellable and non-cancellable purchase orders from the Company to Ablecom on December 31, 2023 were $49.1 million and $37.5 million, respectively, and outstanding cancellable and non-cancellable purchase orders from the Company to Ablecom on June 30, 2023 were $37.4 million and $23.7 million, respectively, effectively representing the exposure to financial loss. The Company does not directly or indirectly guarantee any obligations of Ablecom, or any losses that the equity holders of Ablecom may suffer. Since Ablecom manufactures substantially all the chassis that the Company incorporates into its products, if Ablecom were to suddenly be unable to manufacture chassis for the Company, the Company’s business could suffer if the Company is unable to quickly qualify substitute suppliers who can supply high-quality chassis to the Company in volume and at acceptable prices. Dealings with Compuware The Company has entered into a distribution agreement with Compuware, under which the Company appointed Compuware as a non-exclusive distributor of the Company’s products in Taiwan, China and Australia. Compuware assumes the responsibility to install the Company’s products at the site of the end customer, if required, and administers customer support in exchange for a discount from the Company’s standard price for its purchases. The Company also has entered into a series of agreements with Compuware, including multiple product development, production and service agreements, product manufacturing agreements, and lease agreements for office space. Under these agreements, the Company outsources to Compuware a portion of its design activities and a significant part of its power supplies manufacturing as well as an immaterial portion of other components. With respect to design activities, Compuware generally agrees to design certain agreed-upon products according to the Company’s specifications, and further agrees to build the tools needed to manufacture the products. The Company pays Compuware for the design and engineering services, and further agrees to pay Compuware for the tooling. The Company retains full ownership of any intellectual property resulting from the design of these products and tooling. With respect to the manufacturing aspects of the relationship, Compuware purchases most of materials needed to manufacture the power supplies from outside markets and uses these materials to manufacture the products and then sell those products to the Company. The Company and Compuware frequently review and negotiate the prices of the power supplies the Company purchases from Compuware. Compuware also manufactures motherboards, backplanes and other components used on printed circuit boards for the Company. The Company sells to Compuware most of the components needed to manufacture the above products. Compuware uses the components to manufacture the products and then sells the products back to the Company at a purchase price equal to the price at which the Company sold the components to Compuware, plus a “manufacturing value added” fee and other miscellaneous material charges and costs including overhead and labor. The Company and Compuware frequently review and negotiate the amount of the “manufacturing value added” fee that will be included in the price of the products the Company purchases from Compuware. In addition to the inventory purchases, the Company also incurs costs associated with design services, tooling assets, and miscellaneous costs. The Company’s exposure to financial loss as a result of its involvement with Compuware is limited to potential losses on its purchase orders in the event of an unforeseen decline in the market price and/or demand of the Company’s products such that the Company incurs a loss on the sale or cannot sell the products. Outstanding cancellable and non-cancellable purchase orders from the Company to Compuware on December 31, 2023 were $121.6 million and $49.9 million, respectively, and outstanding cancellable and non-cancellable purchase orders from the Company to Compuware on June 30, 2023 were $156.2 million and $46.8 million, respectively, effectively representing the exposure to financial loss. The Company does not directly or indirectly guarantee any obligations of Compuware, or any losses that the equity holders of Compuware may suffer. Dealings with Investment in a Corporate Venture In October 2016, the Company entered into agreements pursuant to which the Company contributed certain technology rights in connection with an investment in a privately-held company (the “Corporate Venture”) located in China to expand the Company’s presence in China. The Corporate Venture is 30% owned by the Company and 70% owned by another company in China. The transaction was closed in the third fiscal quarter of 2017 and the investment is accounted for using the equity method. As such, the Corporate Venture is also a related party. The Company recorded a deferred gain related to the contribution of certain technology rights. There was no balance in the deferred gain in the consolidated balance sheets as of December 31, 2023 and June 30, 2023. The Company monitors the investment for events or circumstances indicative of potential impairment and makes appropriate reductions in carrying values if it determines that an impairment charge is required. In June 2020, the third-party parent company that controls the Corporate Venture was placed on a U.S. government export control list, along with several of such third-party parent’s related entities and a separate listing for one of its subsidiaries. The Corporate Venture is not itself a restricted party. The Company has concluded that the Corporate Venture is in compliance with the new restrictions. The Company does not believe that the equity investment carrying value is impacted as of December 31, 2023. No impairment charge was recorded for the three and six months ended December 31, 2023 or 2022. The Company sold products worth $11.4 million and $6.0 million to the Corporate Venture during the three months ended December 31, 2023 and 2022, respectively, and $12.2 million and $17.3 million to the Corporate Venture during the six months ended December 31, 2023 and 2022, respectively. The Company’s share of intra-entity profits on the products that remained unsold by the Corporate Venture as of December 31, 2023 and June 30, 2023 have been eliminated and have reduced the carrying value of the Company’s investment in the Corporate Venture. To the extent that the elimination of intra-entity profits reduces the investment balance below zero, such amounts are recorded within accrued liabilities. The Company had $3.5 million and $1.9 million due from the Corporate Venture in accounts receivable, net as of December 31, 2023 and June 30, 2023, respectively. The Company had the following balances related to transactions with its related parties as of December 31, 2023 and June 30, 2023 (in thousands): Ablecom Compuware Corporate Venture Total December 31, 2023 June 30, 2023 December 31, 2023 June 30, 2023 December 31, 2023 June 30, 2023 December 31, 2023 June 30, 2023 Accounts receivable $ 2 $ 2 $ 289 $ 3,528 $ 3,568 $ 1,943 $ 3,859 $ 5,473 Other receivable (1) $ 2,270 $ 2,841 $ 32,023 $ 24,891 $ — $ — $ 34,293 $ 27,732 Accounts payable $ 46,649 $ 35,711 $ 55,051 $ 53,423 $ — $ — $ 101,700 $ 89,134 Accrued liabilities (2) $ 1,074 $ 1,230 $ 17,435 $ 12,787 $ — $ — $ 18,509 $ 14,017 (1) Other receivables include receivables from vendors included in prepaid and other current assets. (2) Includes current portion of operating lease liabilities included in other current liabilities. The Company’s results from transactions with its related parties for each of the three months ended December 31, 2023 and 2022, are as follows (in thousands): Ablecom Compuware Corporate Venture Total Three months ended December 31, Three months ended December 31, Three months ended December 31, Three months ended December 31, 2023 2022 2023 2022 2023 2022 2023 2022 Net sales $ 4 $ 2 $ 4,392 $ 14,113 $ 11,385 $ 5,958 $ 15,781 $ 20,073 Purchases - inventory $ 50,586 $ 46,715 $ 61,859 $ 52,028 $ — $ — $ 112,445 $ 98,743 Purchases - other miscellaneous items $ 3,456 $ 2,763 $ 332 $ 279 $ — $ — $ 3,788 $ 3,042 The Company’s results from transactions with its related parties for each of the six months ended December 31, 2023 and 2022, are as follows (in thousands): Ablecom Compuware Corporate Venture Total Six months ended December 31, Six months ended December 31, Six months ended December 31, Six months ended December 31, 2023 2022 2023 2022 2023 2022 2023 2022 Net sales $ 6 $ 3 $ 20,998 $ 27,872 $ 12,173 $ 17,251 $ 33,177 $ 45,126 Purchases - inventory $ 97,199 $ 94,562 $ 128,353 $ 100,717 $ — $ — $ 225,552 $ 195,279 Purchases - other miscellaneous items $ 8,215 $ 7,526 $ 749 $ 537 $ — $ — $ 8,964 $ 8,063 The Company’s cash flow impact from transactions with its related parties for each of the six months ended December 31, 2023 and 2022, are as follows (in thousands): Ablecom Compuware Corporate Venture Total Six months ended December 31, Six months ended December 31, Six months ended December 31, Six months ended December 31, 2023 2022 2023 2022 2023 2022 2023 2022 Changes in accounts receivable $ — $ — $ 3,239 $ 137 $ (1,625) $ 3,041 $ 1,614 $ 3,178 Changes in other receivable $ 571 $ 1,364 $ (7,132) $ (24,289) $ — $ — $ (6,561) $ (22,925) Changes in accounts payable $ 10,938 $ (3,589) $ 1,628 $ 4,340 $ — $ — $ 12,566 $ 751 Changes in accrued liabilities $ (156) $ (2,009) $ 4,648 $ 2,860 $ — $ — $ 4,492 $ 851 Changes in other long-term liabilities $ — $ — $ (152) $ (168) $ — $ — $ (152) $ (168) Purchases of property, plant and equipment $ 4,460 $ 4,366 $ 68 $ 148 $ — $ — $ 4,528 $ 4,514 Unpaid property, plant and equipment $ 2,570 $ 1,764 $ 7 $ — $ — $ — $ 2,577 $ 1,764

Stock-based Compensation and St

Stock-based Compensation and Stockholders' Equity	6 Months Ended
	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
Stock-based Compensation and Stockholders' Equity	Stock-based Compensation and Stockholders’ Equity Equity Incentive Plan On June 5, 2020, the stockholders of the Company approved the 2020 Equity and Incentive Compensation Plan (the “Original 2020 Plan”). The maximum number of shares available under the Original 2020 Plan was 5,000,000 plus 1,045,000 shares of common stock that remained available for future awards under the 2016 Equity Incentive Plan (the “2016 Plan”), at the time of adoption of the Original 2020 Plan. No other awards can be granted under the 2016 Plan and 7,246,000 shares of common stock remained reserved for outstanding awards issued under the Original 2016 Plan at the time of adoption of the Original 2020 Plan. On May 18, 2022, the stockholders of the Company approved an amendment and restatement of the Original 2020 Plan which, among other things, increased the number of shares available for award under the 2020 Plan by an additional 2,000,000 shares. On January 22, 2024, the stockholders of the Company approved a further amendment and restatement of the Original 2020 Plan (as amended and restated from time to time, the “2020 Plan”) which, among other things, further increased the number of shares available for award under the 2020 Plan by an additional 1,500,000 shares. Under the 2020 Plan, the Company can grant stock options, stock appreciation rights, restricted stock, restricted stock units, performance shares, performance units, dividend equivalents, and certain other awards, including those denominated or payable in, or otherwise based on, the Company’s common stock. The exercise price per share for incentive stock options granted to employees owning shares representing more than 10% of the Company’s outstanding voting stock at the time of grant cannot be less than 110% of the fair value of the underlying shares on the grant date. Nonqualified stock options and incentive stock options granted to all other persons are granted at a price not less than 100% of the fair value. Options generally expire ten years after the date of grant. Stock options and RSUs generally vest over four years; 25% at the end of one year and one sixteenth per quarter thereafter. As of December 31, 2023, the Company had 483,780 authorized shares available for future issuance under the 2020 Plan. Offering of Common Stock On December 5, 2023, the Company completed a public offering of 2,415,805 shares of the Company's common stock at $262.00 per share, with 2,315,105 shares sold by the Company and 100,700 shares sold by selling stockholders. The Company received net proceeds of approximately $582.8 million, after deducting underwriting discounts and commissions and offering expenses payable by the Company. The Company did not receive any proceeds from the sale of the shares of common stock by the selling stockholders. Common Stock Repurchase and Retirement On August 3, 2022, after the expiration of a prior share repurchase program on July 31, 2022, a duly authorized subcommittee of the Company’s Board approved a new share repurchase program to repurchase shares of the Company’s common stock for up to $200 million at prevailing prices in the open market. Under the common stock repurchase program, shares may be purchased from time to time in open market transactions, block trades, through plans established under the Securities Exchange Act Rule 10b5-1, or otherwise. The number of shares purchased and the timing of such purchases are based on working capital requirements, market and general business conditions, and other factors, including alternative investment opportunities. No shares were repurchased under the share repurchase program during the three and six months ended December 31, 2023. As of December 31, 2023, $50.0 million was available for additional repurchases of common stock. The share repurchase program was effective until January 31, 2024, at which time the remaining unutilized portion of such program expired. Determining Fair Value The Company’s fair value of RSUs is based on the closing market price of the Company’s common stock on the date of grant. The Company estimates the fair value of stock options granted using the Black-Scholes-option-pricing model. This fair value is then amortized ratably over the requisite service periods of the awards, which is generally the vesting period. The key inputs in using the Black-Scholes-option-pricing model were as follows: Expected Term—The Company’s expected term represents the period that the Company’s stock-based awards are expected to be outstanding and was determined based on the Company’s historical experience. Expected Volatility—Expected volatility is based on the Company’s implied and historical volatility. Expected Dividend—The Black-Scholes valuation model calls for a single expected dividend yield as an input and the Company has no plans to pay dividends. Risk-Free Interest Rate—The risk-free interest rate used in the Black-Scholes valuation method is based on the United States Treasury zero coupon issues in effect at the time of grant for periods corresponding with the expected term of option. The fair value of stock option grants for the three and six months ended December 31, 2023 and 2022 was estimated on the date of grant using the Black-Scholes option pricing model with the following assumptions: Three Months Ended Six Months Ended 2023 2022 2023 2022 Risk-free interest rate 4.78% 4.16% - 4.25% 4.15% - 4.78% 2.81% - 4.25% Expected term 5.99 years 6.07 years 3.00 years - 5.99 years 6.07 years Dividend yield —% —% —% —% Volatility 58.89% 51.64% - 51.68% 56.87% - 58.89% 50.62% - 51.68% Weighted-average fair value $156.09 $36.37 $179.16 $34.60 The following table shows total stock-based compensation expense included in the condensed consolidated statements of operations for the three and six months ended December 31, 2023 and 2022 (in thousands): Three Months Ended Six Months Ended 2023 2022 2023 2022 Cost of sales $ 3,555 $ 1,486 $ 9,459 $ 2,370 Research and development 25,439 9,334 61,149 15,452 Sales and marketing 4,340 1,448 10,005 2,257 General and administrative 9,727 4,713 19,827 7,916 Stock-based compensation expense before taxes 43,061 16,981 100,440 27,995 Income tax impact (9,569) (3,381) (25,434) (4,720) Stock-based compensation expense, net $ 33,492 $ 13,600 $ 75,006 $ 23,275 As of December 31, 2023, $73.5 million of unrecognized compensation cost related to stock options is expected to be recognized over a weighted-average period of 3.26 years and $237.0 million of unrecognized compensation cost related to unvested RSUs is expected to be recognized over a weighted-average period of 2.65 years. As described below, there is no unrecognized compensation cost related to the 2021 CEO Performance Stock Option as of December 31, 2023. Additionally, $27.4 million of unrecognized compensation cost related to the 2023 CEO Performance Stock Option is expected to be recognized over a period of 1.75 years. Stock Option Activity 2021 CEO Performance Award In March 2021, the Company’s Compensation Committee of the Board of Directors (the “Compensation Committee”) approved the grant of a stock option award for 1,000,000 shares of common stock to the Company’s CEO (the “2021 CEO Performance Stock Option”). The 2021 CEO Performance Stock Option has five vesting tranches with a vesting schedule based entirely on the attainment of operational milestones (performance conditions) and market conditions, assuming (1) continued employment either as the CEO or in such capacity as agreed upon between the Company’s CEO and the Board and (2) service through each vesting date. Each of the five vesting tranches of the 2021 CEO Performance Stock Option will vest upon certification by the Compensation Committee that both (i) the market price milestone for such tranche, which begins at $45.00 per share for the first tranche and increases up to $120.00 per share thereafter (based on a 60 trading day average stock price), has been achieved, and (ii) any one of five operational milestones focused on total revenue, as reported under U.S. GAAP, have been achieved for the previous four consecutive fiscal quarters. Upon vesting and exercise, including the payment of the exercise price of $45.00 per share, prior to March 2, 2024, the Company’s CEO must hold shares that he acquires until March 2, 2024, other than those shares sold pursuant to a cashless exercise where shares are simultaneously sold to pay for the exercise price and any required tax withholding. The achievement status of the operational and stock price milestones as of December 31, 2023 was as follows: Annualized Revenue Milestone (in billions) Achievement Status Stock Price Milestone Achievement Status $4.0 Achieved $45 Achieved (1) $4.8 Achieved $60 Achieved (2) $5.8 Achieved $75 Achieved (3) $6.8 Achieved $95 Achieved (4) $8.0 Achieved (5) $120 Achieved (6) (1) The vesting of the first tranche of 200,000 option shares under the 2021 CEO Performance Stock Option, representing one-fifth of such award, was certified by the Company ’ s Compensation Committee in August 2022. (2) The vesting of the second tranche of 200,000 option shares under the 2021 CEO Performance Stock Option representing one-fifth of such award was certified by the Company ’ s Compensation Committee in October 2022. (3) The vesting of the third tranche of 200,000 option shares under the 2021 CEO Performance Stock Option representing one-fifth of such award was certified by the Company ’ s Compensation Committee in January 2023. (4) The vesting of the fourth tranche of 200,000 option shares under the 2021 CEO Performance Stock Option representing one-fifth of such award was certified by the Company’s Compensation Committee in September 2023. (5) Revenue reported for the four quarters ended December 31, 2023 was $9.3 billion. Achievement of the $8.0 billion revenue goal has not yet been certified by the Company’s Compensation Committee. (6) On June 19, 2023, the Compensation Committee certified achievement of the $120 stock price milestone based upon the 60 trading day average stock price from March 6, 2023 through May 30, 2023. During the three and six months ended December 31, 2023, the Company recognized compensation expense related to the 2021 CEO Performance Stock Option of $0.5 million and $0.7 million, respectively. During the three and six months ended December 31, 2022, the Company recognized compensation expense related to the 2021 CEO Performance Stock Option of $1.9 million and $3.2 million, respectively. As of December 31, 2023 and June 30, 2023, the Company had $0.0 million and $0.7 million, respectively, in unrecognized compensation cost related to the 2021 CEO Performance Stock Option. 2023 CEO Performance Award In November 2023, the Compensation Committee approved the grant of a stock option award for 500,000 shares of common stock to the Company’s CEO (the “2023 CEO Performance Stock Option”). The 2023 CEO Performance Stock Option has five vesting tranches with a vesting schedule based entirely on the attainment of operational milestones (performance conditions) and market conditions, assuming (1) continued employment either as the CEO or in such capacity as agreed upon between the Company’s CEO and the Board and (2) service through each vesting date. Each of the five vesting tranches of the 2023 CEO Performance Stock Option will vest upon certification by the Compensation Committee that both (i) the market price milestone for such tranche, which begins at $450.00 per share for the first tranche and increases up to $1,100.00 per share thereafter (based on a 60 trading day average stock price), has been achieved, and (ii) any one of five operational milestones focused on total revenue, as reported under U.S. GAAP, have been achieved for the previous four consecutive fiscal quarters. Upon vesting and exercise, including the payment of the exercise price of $450.00 per share, prior to November 14, 2026, the Company’s CEO must hold shares that he acquires until November 14, 2026, other than those shares sold pursuant to a cashless exercise where shares are simultaneously sold to pay for the exercise price and any required tax withholding. The achievement status of the operational and stock price milestones as of December 31, 2023 was as follows: Annualized Revenue Milestone (in billions) Achievement Status Stock Price Milestone Achievement Status $13.0 Probable $450 Not met $15.0 Not Probable $600 Not met $17.0 Not Probable $750 Not met $19.0 Not Probable $900 Not met $21.0 Not Probable $1,100 Not met During the three and six months ended December 31, 2023, the Company recognized compensation expense related to the 2023 CEO Performance Stock Option of $2.5 million. As of December 31, 2023 , the Company had $27.4 million in unrecognized compensation cost related to the 2023 CEO Performance Stock Option. The unrecognized compensation cost as of December 31, 2023 is expected to be recognized over a period of 1.75 years. On the respective grant dates of each of the 2021 CEO Performance Award and the 2023 CEO Performance Award, a Monte Carlo simulation was used to determine for each tranche of each award (i) a fixed expense amount for such tranche and (ii) the future time when the market price milestone for such tranche was expected to be achieved, or its “expected market price milestone achievement time.” Separately, based on a subjective assessment of the Company’s future financial performance, each quarter, the Company will determine whether achievement is probable for each operational milestone that has not previously been achieved or deemed probable of achievement, and, if so, the future time when the Company expects to achieve that operational milestone, or its “expected operational milestone achievement time.” When the Company first determines that an operational milestone has become probable of being achieved, the Company will allocate the entire expense for the related tranche over the number of quarters between the grant date and the then-applicable “expected vesting time.” The “expected vesting time” at any given time is the later of (i) the expected operational milestone achievement time (if the related operational milestone has not yet been achieved) and (ii) the expected market price milestone achievement time (if the related market price milestone has not yet been achieved). The Company will immediately recognize a catch-up expense for all accumulated expenses from the respective grant date through the quarter in which the operational milestone was first deemed probable of being achieved. Each quarter thereafter, the Company will recognize the prorated portion of the then-remaining expense for the tranche based on the number of quarters between such quarter and the then-applicable expected vesting time, except that upon vesting of a tranche, all remaining expenses for that tranche will be immediately recognized. The following table summarizes stock option activity during the six months ended December 31, 2023 under all plans: Options Weighted Weighted Balance as of June 30, 2023 3,302,533 $ 40.47 Granted 844,242 $ 393.40 Exercised (341,409) $ 28.68 Forfeited/Cancelled (7,127) $ 60.76 Balance as of December 31, 2023 3,798,239 $ 119.94 7.00 Options vested and exercisable at December 31, 2023 2,044,524 $ 36.57 5.36 RSU Activity The following table summarizes RSU activity during the six months ended December 31, 2023 under all plans: Time-Based RSUs Weighted Balance as of June 30, 2023 2,042,986 $ 55.94 Granted 724,048 $ 309.00 Released (511,022) $ 96.34 Forfeited (45,329) $ 91.53 Balance as of December 31, 2023 2,210,683 $ 128.75

Income Taxes

Income Taxes	6 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company recorded a provision for income taxes of $61.5 million and $81.7 million for the three and six months ended December 31, 2023, respectively, and $29.6 million and $68.5 million for the three and six months ended December 31, 2022, respectively. The effective tax rate was 17.3% and 15.3% for the three and six months ended December 31, 2023, respectively, and 14.3% and 15.9% for the three and six months ended December 31, 2022, respectively. The effective tax rate for the three months ended December 31, 2023 is higher than that for the three months ended December 31, 2022, primarily due to a 2% increase caused by a reduction of foreign derived intangible income which is subject to lower income tax rate than a statutory tax rate of 21%. In addition, there was a 1% increase caused by more non tax deductible stock-based compensation for officers over one million dollars threshold. The effective tax rate for the six months ended December 31, 2023 is lower than that for the six months ended December 31, 2022, primarily due to an increase in the tax deduction for stock-based compensation in the six months ended December 31, 2023. The Tax Cuts and Jobs Act of 2017 eliminated the option to deduct research and development (“R&D”) expenses in the year incurred and instead requires taxpayers to capitalize R&D expenses, including software development cost, and subsequently amortize such expenses over five years for R&D activities conducted in the United States and over fifteen years for R&D activities conducted outside of the United States beginning in the Company's fiscal year 2023. Although Congress has considered legislation that would defer, modify, and repeal the capitalization and amortization requirement, there is no assurance the provision will be deferred, repealed, or otherwise modified. The Company believes that it has adequately provided reserves for all uncertain tax positions; however, amounts asserted by tax authorities could be greater or less than the Company’s current position. Accordingly, the Company’s provision on federal, state and foreign tax related matters to be recorded in the future may change as revised estimates are made or as the underlying matters are settled or otherwise resolved. In general, the federal statute of limitations remains open for tax years ended June 30, 2020 through 2023. Various states’ statutes of limitations remain open in general for tax years ended June 30, 2019 through 2023. Certain statutes of limitations in major foreign jurisdictions remain open for the tax years ended June 30, 2018 through 2023. It is reasonably possible that the Company’s gross unrecognized tax benefits will decrease by approximately $3.2 million, in the next 12 months, due to the lapse of the statute of limitations. These adjustments, if recognized, would positively impact the Company’s effective tax rate, and would be recognized as additional tax benefits.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Legal proceedings and indemnifications From time to time, the Company has been involved in various legal proceedings arising from the normal course of business activities. The resolution of any such matters have not had a material impact on the Company’s consolidated financial condition, results of operations or liquidity as of December 31, 2023 and any prior periods. The Company has entered into indemnification agreements with its current and former directors and executive officers. Under these agreements, the Company has agreed to indemnify such individuals to the fullest extent permitted by law against liabilities that arise by reason of their status as directors or officers and to advance expenses incurred by such individuals in connection with related legal proceedings. It is not possible to determine the maximum potential amount of payments the Company could be required to make under these agreements due to the limited history of prior indemnification claims and the unique facts and circumstances involved in each claim. However, the Company maintains directors and officers liability insurance coverage to reduce its exposure to such obligations. Purchase Commitments — The Company has agreements to purchase inventory and non-inventory items primarily through the next 12 months. As of December 31, 2023, these remaining noncancelable commitments were $1.9 billion, including $87.4 million for related parties.

Segment Reporting

Segment Reporting	6 Months Ended
	Dec. 31, 2023
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting The Company operates in one operating segment that develops and provides high-performance server and storage solutions based upon an innovative, modular and open-standard architecture. The Company’s chief operating decision maker is the Chief Executive Officer. The following is a summary of property, plant and equipment, net (in thousands): December 31, June 30, 2023 2023 Long-lived assets: United States $ 183,896 $ 183,485 Asia 110,676 104,094 Europe 2,530 2,661 $ 297,102 $ 290,240 The Company’s revenue is presented on a disaggregated basis in Part I, Item 1, Note 2, “Revenue,” by type of product and by geographical market.

Subsequent Events

Subsequent Events	6 Months Ended
	Dec. 31, 2023
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On January 26, 2024, the Company entered into an agreement to purchase real estate for an aggregate price of $80.0 million, subject to certain adjustments to be determined at closing. The transaction is expected to close during the third quarter of fiscal 2024. The Company plans to acquire this property using its own cash. On January 31, 2024, the Company entered into a lease for approximately 260,000 square feet of space in San Jose, California for a term of 79 months. The Company currently intends to use such premises for additional warehouse space. The lease also provides that the Company is required to rent an additional approximate 198,000 square feet of space in the same building after such space becomes available for the remainder of the term stated above. Aggregate payment under the lease for both the primary space and additional space is approximately $0.6 million per month, subject to annual increase.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net income	$ 295,968	$ 176,167	$ 452,963	$ 360,583

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 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

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The unaudited condensed consolidated financial statements included herein have been prepared by the Company pursuant to the rules and regulations of the United States Securities and Exchange Commission (the “SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States of America ("U.S. GAAP") have been condensed or omitted pursuant to such rules and regulations. The unaudited condensed consolidated financial statements included herein reflect all adjustments, including normal recurring adjustments, which are, in the opinion of management, necessary for a fair presentation of the consolidated financial position, results of operations and cash flows for the periods presented. The consolidated results of operations for the three and six months ended December 31, 2023 are not necessarily indicative of the results that may be expected for future quarters or for the fiscal year ending June 30, 2024.
Reclassifications	Certain prior year amounts within cash from operating activities in the condensed consolidated statements of cash flows have been reclassified to conform to current year presentation. These changes in presentation do not affect previously reported results.
Concentration of Supplier and Credit and Customer Risk	Concentration of Supplier Risk Concentration of Credit and Customer Risk Financial instruments which potentially subject the Company to concentration of credit risk consist primarily of cash and cash equivalents, restricted cash and accounts receivable.
Accounting Pronouncements Not Yet Adopted	Accounting Pronouncements Not Yet Adopted In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280) – Improvements to Reportable Segment Disclosures. This ASU requires that a public entity provide additional segment disclosures on an interim and annual basis. The amendments in this ASU should be applied retrospectively to all prior periods presented in the financial statements unless impracticable. Upon transition, the segment expense categories and amounts disclosed in the prior periods should be based on the significant segment expense categories identified and disclosed in the period of adoption. The ASU is effective for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company is currently evaluating this guidance and the impact it may have on its financial statement disclosures. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which includes amendments that further enhance income tax disclosures, primarily through standardization and disaggregation of rate reconciliation categories and income taxes paid by jurisdiction. The amendments are effective for the Company’s annual periods beginning July 1, 2025, with early adoption permitted, and should be applied either prospectively or retrospectively. The Company is currently evaluating this guidance and the impact it may have on its financial statement disclosures.

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following is a summary of net sales by product type (in thousands): Three Months Ended Six Months Ended 2023 2022 2023 2022 Server and storage systems $ 3,435,562 $ 1,660,931 $ 5,402,170 $ 3,373,987 Subsystems and accessories 229,362 142,264 382,426 281,338 Total $ 3,664,924 $ 1,803,195 $ 5,784,596 $ 3,655,325 Three Months Ended Six Months Ended December 31, 2023 2022 2023 2022 United States $ 2,605,585 $ 1,091,391 $ 4,225,099 $ 2,386,895 Asia 656,220 330,711 881,688 600,735 Europe 288,448 312,533 479,296 547,607 Other 114,671 68,560 198,513 120,088 Total $ 3,664,924 $ 1,803,195 $ 5,784,596 $ 3,655,325

Net Income Per Common Share (Ta

Net Income Per Common Share (Tables)	6 Months Ended
	Dec. 31, 2023
Earnings Per Share [Abstract]
Schedule of Computation of Basic and Diluted Net Income Per Share	The following table shows the computation of basic and diluted net income per common share for the three and six months ended December 31, 2023 and 2022 (in thousands, except per share amounts): Three Months Ended Six Months Ended 2023 2022 2023 2022 Numerator: Net income $ 295,968 $ 176,167 $ 452,963 $ 360,583 Denominator: Weighted-average shares outstanding 54,135 53,160 53,614 52,726 Effect of dilutive securities 3,943 2,984 4,017 2,701 Weighted-average diluted shares 58,078 56,144 57,632 55,427 Basic net income per common share $ 5.47 $ 3.31 $ 8.45 $ 6.84 Diluted net income per common share $ 5.10 $ 3.14 $ 7.86 $ 6.51

Balance Sheet Components (Table

Balance Sheet Components (Tables)	6 Months Ended
	Dec. 31, 2023
Balance Sheet Related Disclosures [Abstract]
Schedule of Cash, Cash Equivalents and Restricted Cash	The following tables provide details of the selected balance sheet items (in thousands): Cash, Cash Equivalents and Restricted Cash: December 31, 2023 June 30, 2023 Cash and cash equivalents $ 725,660 $ 440,459 Restricted cash included in other assets 509 501 Total cash, cash equivalents and restricted cash $ 726,169 $ 440,960
Schedule of Inventories	Inventories: December 31, 2023 June 30, 2023 Finished goods $ 1,566,278 $ 1,045,177 Work in process 516,331 71,874 Purchased parts and raw materials 384,388 328,513 Total inventories $ 2,466,997 $ 1,445,564
Schedule of Property, Plant, and Equipment	Property, Plant, and Equipment: December 31, 2023 June 30, 2023 Buildings $ 143,496 $ 143,496 Machinery and equipment 138,256 130,151 Land 90,754 86,642 Building and leasehold improvements 61,708 59,634 Furniture and fixtures 38,820 36,303 Software 23,823 23,098 Building construction in progress 1,941 303 498,798 479,627 Accumulated depreciation and amortization (201,696) (189,387) Property, plant and equipment, net $ 297,102 $ 290,240
Schedule of Accrued Liabilities	Accrued Liabilities: December 31, 2023 June 30, 2023 Accrued payroll and related expenses $ 64,237 $ 53,439 Customer deposits 35,965 16,577 Contract manufacturers liabilities 24,565 23,634 Accrued cooperative marketing expenses 12,153 9,744 Accrued warranty costs 9,554 9,079 Operating lease liability 8,940 7,292 Accrued professional fees 756 2,363 Other 58,292 41,737 Total accrued liabilities $ 214,462 $ 163,865
Schedule of Product Warranties	Product Warranties: Three Months Ended Six Months Ended December 31, 2023 2022 2023 2022 Balance, beginning of the period $ 15,629 $ 12,703 $ 14,859 $ 12,136 Provision for warranty 10,515 8,933 23,044 17,550 Costs utilized (9,587) (8,553) (21,391) (17,026) Change in estimated liability for pre-existing warranties 59 193 104 616 Balance, end of the period 16,616 13,276 16,616 13,276 Current portion 9,554 8,668 9,554 8,668 Non-current portion $ 7,062 $ 4,608 $ 7,062 $ 4,608

Fair Value Disclosure (Tables)

Fair Value Disclosure (Tables)	6 Months Ended
	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Schedule of Cash Equivalents and Long-Term Investments Measured at Fair value on a Recurring Basis	The following table sets forth the Company’s financial instruments as of December 31, 2023 and June 30, 2023, which are measured at fair value on a recurring basis by level within the fair value hierarchy. These are classified based on the lowest level of input that is significant to the fair value measurement (in thousands): December 31, 2023 Level 1 Level 2 Level 3 Asset at Assets Money market funds (1) $ 284 $ — $ — $ 284 Certificates of deposit (2) — 465 — 465 Investment in marketable equity security 4,176 — — 4,176 Auction rate security — — 1,843 1,843 Total assets measured at fair value $ 4,460 $ 465 $ 1,843 $ 6,768 June 30, 2023 Level 1 Level 2 Level 3 Asset at Assets Money market funds (1) $ 20,823 $ — $ — $ 20,823 Certificates of deposit (2) — 462 — 462 Auction rate security — — 1,843 1,843 Total assets measured at fair value $ 20,823 $ 462 $ 1,843 $ 23,128 (1) $0.1 million and $20.6 million in money market funds are included cash and cash equivalents and $0.2 million and $0.2 million in money market funds are included in restricted cash, non-current in other assets in the condensed consolidated balance sheets as of December 31, 2023 and June 30, 2023, respectively.
Schedule of Long-Term Investments	The following is a summary of the Company’s investment in an auction rate security as of December 31, 2023 and June 30, 2023 (in thousands): Cost Basis Gross Gross Fair Value Auction rate security $ 1,750 $ 287 $ (194) $ 1,843

Short-term and Long-term Debt (

Short-term and Long-term Debt (Tables)	6 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Schedule of Short-term and Long-term Debt Obligations	Short-term and long-term debt obligations as of December 31, 2023 and June 30, 2023 consisted of the following (in thousands): December 31, June 30, 2023 2023 Line of credit: 2018 Bank of America Credit Facility $ — $ — 2022 Bank of America Credit Facility 20,000 — Cathay Bank Line of Credit 131,583 131,583 2023 CTBC Credit Lines 36,873 — HSBC Bank Credit Facility 29,704 — Mega Bank Credit Facility 15,526 — Total line of credit 233,686 131,583 Term loan facilities: Chang Hwa Bank Credit Facility due October 15, 2026 22,911 26,853 CTBC Term Loan Facility, due June 4, 2030 35,579 38,208 2021 CTBC Credit Lines, due August 15, 2026 3,991 4,721 2021 E.SUN Bank Credit Facility, due September 15, 2026 28,463 33,513 2022 ESUN Bank Credit Facility, due August 15, 2027 15,419 16,756 Mega Bank Credit Facility, due September 15, 2026 35,580 38,668 Total term loans 141,943 158,719 Total debt 375,629 290,302 Short-term debt and current portion of long-term debt 276,307 170,123 Debt, non-current $ 99,322 $ 120,179 Activities under Revolving Lines of Credit and Term Loans Available borrowings and interest rates as of December 31, 2023 and June 30, 2023 consisted of the following (in thousands except for percentages): December 31, 2023 June 30, 2023 Available borrowings Interest rate Available borrowings Interest rate Line of credit: 2018 Bank of America Credit Facility $ 350,000 6.82% $ 350,000 6.57% 2022 Bank of America Credit Facility $ — 6.49% $ 20,000 3.36% Cathay Bank Line of Credit $ 417 7.36% $ 417 7.08% 2022 CTBC Credit Lines $ — — $ 105,000 3.33% 2023 CTBC Credit Line $ 68,127 1.96% - 6.52% $ — — Chang Hwa Bank Credit Facility $ 20,000 6.38% $ 20,000 6.58% HSBC Bank Credit Facility $ 20,296 1.90% - 6.37% $ 50,000 4.50% 2022 E.SUN Bank Credit Facility $ 30,000 6.67% $ 30,000 4.18% Mega Bank Credit Facility $ 4,474 1.90% $ 20,000 2.55% Term loan facilities: Chang Hwa Bank Credit Facility due October 15, 2026 $ — 1.55% $ — 1.55% CTBC Term Loan Facility, due June 4, 2030 $ — 1.20% $ — 1.20% 2021 CTBC Credit Lines, due August 15, 2026 $ — 1.40% $ — 1.40% 2021 E.SUN Bank Credit Facility, due September 15, 2026 $ — 1.75% $ 7,734 1.75% 2022 ESUN Bank Credit Facility, due August 15, 2027 $ — 1.75% $ — 1.75% Mega Bank Credit Facility, due September 15, 2026 $ — 1.40% - 1.60% $ — 1.40% - 1.60%
Schedule of Maturities of Short-term and Long-term Debt Obligations	Principal payments on short-term and long-term obligations are due as follows (in thousands): Fiscal Year Principal Payments Remainder of 2024 $ 254,997 2025 42,621 2026 42,621 2027 18,517 2028 6,246 2029 and thereafter 10,627 Total short-term and long-term debt $ 375,629

Leases (Tables)

Leases (Tables)	6 Months Ended
	Dec. 31, 2023
Leases [Abstract]
Schedule of Operating Lease Expense Recognized and Supplemental Cash Flow Information	Operating lease expense recognized and supplemental cash flow information related to operating leases for the three and six months ended December 31, 2023 and 2022 were as follows (in thousands): Three Months Ended December 31, Six Months Ended December 31, 2023 2022 2023 2022 Operating lease expense (including expense for lease agreements with related parties of $139 and $140 for the three months ended December 31, 2023 and 2022, respectively, and $277 and $284 for the six months ended December 31, 2023 and 2022, respectively) $ 2,354 $ 2,115 $ 4,539 $ 4,225 Cash payments for operating leases (including payments to related parties of $129 and $127 for the three months ended December 31, 2023 and 2022, respectively, and $257 and $257 for the six months ended December 31, 2023 and 2022, respectively) $ 2,204 $ 2,025 $ 4,287 $ 4,063 New operating lease assets obtained in exchange for operating lease liabilities $ 572 $ 274 $ 9,749 $ 1,024
Schedule of Future Minimum Lease Payments Under Noncancelable Operating Lease Arrangements	Maturities of operating lease liabilities under noncancelable operating lease arrangements as of December 31, 2023 were as follows (in thousands): Fiscal Year: Maturities of operating leases Remainder of 2024 $ 4,839 2025 9,436 2026 5,600 2027 3,885 2028 2,827 2029 and beyond 429 Total future lease payments 27,016 Less: Imputed interest (1,991) Present value of operating lease liabilities $ 25,025

Related Party Transactions (Tab

Related Party Transactions (Tables)	6 Months Ended
	Dec. 31, 2023
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	The Company had the following balances related to transactions with its related parties as of December 31, 2023 and June 30, 2023 (in thousands): Ablecom Compuware Corporate Venture Total December 31, 2023 June 30, 2023 December 31, 2023 June 30, 2023 December 31, 2023 June 30, 2023 December 31, 2023 June 30, 2023 Accounts receivable $ 2 $ 2 $ 289 $ 3,528 $ 3,568 $ 1,943 $ 3,859 $ 5,473 Other receivable (1) $ 2,270 $ 2,841 $ 32,023 $ 24,891 $ — $ — $ 34,293 $ 27,732 Accounts payable $ 46,649 $ 35,711 $ 55,051 $ 53,423 $ — $ — $ 101,700 $ 89,134 Accrued liabilities (2) $ 1,074 $ 1,230 $ 17,435 $ 12,787 $ — $ — $ 18,509 $ 14,017 (1) Other receivables include receivables from vendors included in prepaid and other current assets. (2) Includes current portion of operating lease liabilities included in other current liabilities. The Company’s results from transactions with its related parties for each of the three months ended December 31, 2023 and 2022, are as follows (in thousands): Ablecom Compuware Corporate Venture Total Three months ended December 31, Three months ended December 31, Three months ended December 31, Three months ended December 31, 2023 2022 2023 2022 2023 2022 2023 2022 Net sales $ 4 $ 2 $ 4,392 $ 14,113 $ 11,385 $ 5,958 $ 15,781 $ 20,073 Purchases - inventory $ 50,586 $ 46,715 $ 61,859 $ 52,028 $ — $ — $ 112,445 $ 98,743 Purchases - other miscellaneous items $ 3,456 $ 2,763 $ 332 $ 279 $ — $ — $ 3,788 $ 3,042 The Company’s results from transactions with its related parties for each of the six months ended December 31, 2023 and 2022, are as follows (in thousands): Ablecom Compuware Corporate Venture Total Six months ended December 31, Six months ended December 31, Six months ended December 31, Six months ended December 31, 2023 2022 2023 2022 2023 2022 2023 2022 Net sales $ 6 $ 3 $ 20,998 $ 27,872 $ 12,173 $ 17,251 $ 33,177 $ 45,126 Purchases - inventory $ 97,199 $ 94,562 $ 128,353 $ 100,717 $ — $ — $ 225,552 $ 195,279 Purchases - other miscellaneous items $ 8,215 $ 7,526 $ 749 $ 537 $ — $ — $ 8,964 $ 8,063 The Company’s cash flow impact from transactions with its related parties for each of the six months ended December 31, 2023 and 2022, are as follows (in thousands): Ablecom Compuware Corporate Venture Total Six months ended December 31, Six months ended December 31, Six months ended December 31, Six months ended December 31, 2023 2022 2023 2022 2023 2022 2023 2022 Changes in accounts receivable $ — $ — $ 3,239 $ 137 $ (1,625) $ 3,041 $ 1,614 $ 3,178 Changes in other receivable $ 571 $ 1,364 $ (7,132) $ (24,289) $ — $ — $ (6,561) $ (22,925) Changes in accounts payable $ 10,938 $ (3,589) $ 1,628 $ 4,340 $ — $ — $ 12,566 $ 751 Changes in accrued liabilities $ (156) $ (2,009) $ 4,648 $ 2,860 $ — $ — $ 4,492 $ 851 Changes in other long-term liabilities $ — $ — $ (152) $ (168) $ — $ — $ (152) $ (168) Purchases of property, plant and equipment $ 4,460 $ 4,366 $ 68 $ 148 $ — $ — $ 4,528 $ 4,514 Unpaid property, plant and equipment $ 2,570 $ 1,764 $ 7 $ — $ — $ — $ 2,577 $ 1,764

Stock-based Compensation and _2

Stock-based Compensation and Stockholders' Equity (Tables)	6 Months Ended
	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Assumptions Used to Estimate Fair Value of Stock Options Granted Using Black-Scholes Option Pricing Model	The fair value of stock option grants for the three and six months ended December 31, 2023 and 2022 was estimated on the date of grant using the Black-Scholes option pricing model with the following assumptions: Three Months Ended Six Months Ended 2023 2022 2023 2022 Risk-free interest rate 4.78% 4.16% - 4.25% 4.15% - 4.78% 2.81% - 4.25% Expected term 5.99 years 6.07 years 3.00 years - 5.99 years 6.07 years Dividend yield —% —% —% —% Volatility 58.89% 51.64% - 51.68% 56.87% - 58.89% 50.62% - 51.68% Weighted-average fair value $156.09 $36.37 $179.16 $34.60
Schedule of Stock-based Compensation Expense	The following table shows total stock-based compensation expense included in the condensed consolidated statements of operations for the three and six months ended December 31, 2023 and 2022 (in thousands): Three Months Ended Six Months Ended 2023 2022 2023 2022 Cost of sales $ 3,555 $ 1,486 $ 9,459 $ 2,370 Research and development 25,439 9,334 61,149 15,452 Sales and marketing 4,340 1,448 10,005 2,257 General and administrative 9,727 4,713 19,827 7,916 Stock-based compensation expense before taxes 43,061 16,981 100,440 27,995 Income tax impact (9,569) (3,381) (25,434) (4,720) Stock-based compensation expense, net $ 33,492 $ 13,600 $ 75,006 $ 23,275
Schedule of Operational And Stock Price Milestones	The achievement status of the operational and stock price milestones as of December 31, 2023 was as follows: Annualized Revenue Milestone (in billions) Achievement Status Stock Price Milestone Achievement Status $4.0 Achieved $45 Achieved (1) $4.8 Achieved $60 Achieved (2) $5.8 Achieved $75 Achieved (3) $6.8 Achieved $95 Achieved (4) $8.0 Achieved (5) $120 Achieved (6) (1) The vesting of the first tranche of 200,000 option shares under the 2021 CEO Performance Stock Option, representing one-fifth of such award, was certified by the Company ’ s Compensation Committee in August 2022. (2) The vesting of the second tranche of 200,000 option shares under the 2021 CEO Performance Stock Option representing one-fifth of such award was certified by the Company ’ s Compensation Committee in October 2022. (3) The vesting of the third tranche of 200,000 option shares under the 2021 CEO Performance Stock Option representing one-fifth of such award was certified by the Company ’ s Compensation Committee in January 2023. (4) The vesting of the fourth tranche of 200,000 option shares under the 2021 CEO Performance Stock Option representing one-fifth of such award was certified by the Company’s Compensation Committee in September 2023. (5) Revenue reported for the four quarters ended December 31, 2023 was $9.3 billion. Achievement of the $8.0 billion revenue goal has not yet been certified by the Company’s Compensation Committee. (6) On June 19, 2023, the Compensation Committee certified achievement of the $120 stock price milestone based upon the 60 trading day average stock price from March 6, 2023 through May 30, 2023. The achievement status of the operational and stock price milestones as of December 31, 2023 was as follows: Annualized Revenue Milestone (in billions) Achievement Status Stock Price Milestone Achievement Status $13.0 Probable $450 Not met $15.0 Not Probable $600 Not met $17.0 Not Probable $750 Not met $19.0 Not Probable $900 Not met $21.0 Not Probable $1,100 Not met
Schedule of Stock Option Activity	The following table summarizes stock option activity during the six months ended December 31, 2023 under all plans: Options Weighted Weighted Balance as of June 30, 2023 3,302,533 $ 40.47 Granted 844,242 $ 393.40 Exercised (341,409) $ 28.68 Forfeited/Cancelled (7,127) $ 60.76 Balance as of December 31, 2023 3,798,239 $ 119.94 7.00 Options vested and exercisable at December 31, 2023 2,044,524 $ 36.57 5.36
Schedule of Restricted Stock Unit Activity	The following table summarizes RSU activity during the six months ended December 31, 2023 under all plans: Time-Based RSUs Weighted Balance as of June 30, 2023 2,042,986 $ 55.94 Granted 724,048 $ 309.00 Released (511,022) $ 96.34 Forfeited (45,329) $ 91.53 Balance as of December 31, 2023 2,210,683 $ 128.75

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Dec. 31, 2023
Segment Reporting [Abstract]
Summary of Property, Plant and Equipment	The following is a summary of property, plant and equipment, net (in thousands): December 31, June 30, 2023 2023 Long-lived assets: United States $ 183,896 $ 183,485 Asia 110,676 104,094 Europe 2,530 2,661 $ 297,102 $ 290,240

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details)	3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Jun. 30, 2023
Total purchase | Supplier concentration risk | Supplier One
Concentration Risk [Line Items]
Concentration risk percentage	68.10%	17.60%	62.90%	22.30%
Total purchase | Supplier concentration risk | Supplier Two
Concentration Risk [Line Items]
Concentration risk percentage	7.30%	14.10%	8.60%	15.30%
Cost of sales | Supplier concentration risk | Ablecom And Compuware | Related Party
Concentration Risk [Line Items]
Concentration risk percentage	3.60%	6.70%	4.60%	6.60%
Accounts receivable | Customer concentration risk | Customer One
Concentration Risk [Line Items]
Concentration risk percentage			26.70%	15.80%	22.90%
Accounts receivable | Customer concentration risk | Customer Two
Concentration Risk [Line Items]
Concentration risk percentage			16.30%		19.30%
Accounts receivable | Customer concentration risk | Customer Three
Concentration Risk [Line Items]
Concentration risk percentage			13%
Accounts receivable | Customer concentration risk | Customer Four
Concentration Risk [Line Items]
Concentration risk percentage			11.30%
Net Sales | Customer concentration risk | Customer One
Concentration Risk [Line Items]
Concentration risk percentage	25.50%		25.30%
Net Sales | Customer concentration risk | Customer Two
Concentration Risk [Line Items]
Concentration risk percentage	10.40%

Revenue - Summary of Net Sales

Revenue - Summary of Net Sales by Product Type (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Net sales	$ 3,664,924	$ 1,803,195	$ 5,784,596	$ 3,655,325
Server and storage systems
Disaggregation of Revenue [Line Items]
Net sales	3,435,562	1,660,931	5,402,170	3,373,987
Subsystems and accessories
Disaggregation of Revenue [Line Items]
Net sales	$ 229,362	$ 142,264	$ 382,426	$ 281,338

Revenue - Summary of Net Sale_2

Revenue - Summary of Net Sales by Location (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Net sales	$ 3,664,924	$ 1,803,195	$ 5,784,596	$ 3,655,325
United States
Disaggregation of Revenue [Line Items]
Net sales	2,605,585	1,091,391	4,225,099	2,386,895
Asia
Disaggregation of Revenue [Line Items]
Net sales	656,220	330,711	881,688	600,735
Europe
Disaggregation of Revenue [Line Items]
Net sales	288,448	312,533	479,296	547,607
Other
Disaggregation of Revenue [Line Items]
Net sales	$ 114,671	$ 68,560	$ 198,513	$ 120,088

Revenue - Narrative (Details)

Revenue - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Dec. 31, 2023	Dec. 31, 2023	Dec. 31, 2022	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Description of payment terms		Generally, the payment terms of the Company’s offerings range from 30 to 60 days.
Deferred revenue				$ 304,400
Contract with customer liability, revenue recognized in the period	$ 31,500	$ 75,200
Increase in deferred revenue		79,228	$ 46,243
Increase in deferred revenue due to non-cancellable non-refundable advance or cash consideration from customers		$ 44,300
Minimum
Disaggregation of Revenue [Line Items]
Payment terms		30 days
Maximum
Disaggregation of Revenue [Line Items]
Payment terms		60 days

Revenue - Performance Obligatio

Revenue - Performance Obligation (Details) $ in Millions	Dec. 31, 2023 USD ($)
Revenue from Contract with Customer [Abstract]
Remaining revenue performance obligation, amount	$ 383.6
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining revenue performance obligation, percent to be recognized	50%
Remaining performance obligation, expected timing of satisfaction, period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, expected timing of satisfaction, period

Net Income Per Common Share - S

Net Income Per Common Share - Schedule of Computation of Basic and Diluted Net Income Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Numerator:
Net income - basic	$ 295,968	$ 176,167	$ 452,963	$ 360,583
Net income - diluted	$ 295,968	$ 176,167	$ 452,963	$ 360,583
Denominator:
Weighted-average shares outstanding (in shares)	54,135	53,160	53,614	52,726
Effect of dilutive securities (in shares)	3,943	2,984	4,017	2,701
Weighted-average diluted shares (in shares)	58,078	56,144	57,632	55,427
Basic net income per common share (in dollars per share)	$ 5.47	$ 3.31	$ 8.45	$ 6.84
Diluted net income per common share (in dollars per share)	$ 5.10	$ 3.14	$ 7.86	$ 6.51

Net Income Per Common Share - N

Net Income Per Common Share - Narrative (Details) - shares	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Employee stock options and restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive outstanding equity awards (in shares)	584,855,000	211,729,000	461,292,000	259,562,000

Balance Sheet Components - Sche

Balance Sheet Components - Schedule of Cash, Cash Equivalents, Restricted Cash (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022
Balance Sheet Related Disclosures [Abstract]
Cash and cash equivalents	$ 725,660	$ 440,459
Restricted cash included in other assets	509	501
Total cash, cash equivalents and restricted cash	$ 726,169	$ 440,960	$ 305,088	$ 268,559

Balance Sheet Components - Sc_2

Balance Sheet Components - Schedule of Inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Jun. 30, 2023
Inventory, Net [Abstract]
Finished goods	$ 1,566,278	$ 1,045,177
Work in process	516,331	71,874
Purchased parts and raw materials	384,388	328,513
Total inventories	$ 2,466,997	$ 1,445,564

Balance Sheet Components - Sc_3

Balance Sheet Components - Schedule of Property, Plant, and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Jun. 30, 2023
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 498,798	$ 479,627
Accumulated depreciation and amortization	(201,696)	(189,387)
Property, plant and equipment, net	297,102	290,240
Buildings
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	143,496	143,496
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	138,256	130,151
Land
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	90,754	86,642
Building and leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	61,708	59,634
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	38,820	36,303
Software
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	23,823	23,098
Building construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 1,941	$ 303

Balance Sheet Components - Sc_4

Balance Sheet Components - Schedule of Accrued Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Accrued Liabilities [Abstract]
Accrued payroll and related expenses	$ 64,237	$ 53,439
Customer deposits	35,965	16,577
Contract manufacturers liabilities	24,565	23,634
Accrued cooperative marketing expenses	12,153	9,744
Accrued warranty costs	9,554	9,079	$ 8,668
Operating lease liability	8,940	7,292
Accrued professional fees	756	2,363
Other	58,292	41,737
Total accrued liabilities	$ 214,462	$ 163,865

Balance Sheet Components - Sc_5

Balance Sheet Components - Schedule of Product Warranties (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Jun. 30, 2023	Jun. 30, 2021
Product Warranties:
Balance, beginning of the period	$ 15,629	$ 12,703		$ 14,859
Provision for warranty	10,515	8,933	$ 23,044	17,550
Costs utilized	(9,587)	(8,553)	(21,391)	(17,026)
Change in estimated liability for pre-existing warranties	59	193	104	616
Balance, end of the period	16,616	13,276	16,616	13,276
Total product warranty	16,616	13,276	16,616	13,276		$ 12,136
Current portion	9,554	8,668	9,554	8,668	$ 9,079
Non-current portion	$ 7,062	$ 4,608	$ 7,062	$ 4,608

Fair Value Disclosure - Schedul

Fair Value Disclosure - Schedule of Cash Equivalents and Long-Term Investments Measured at Fair value on a Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Jun. 30, 2023
Fair Value, Measurements, Recurring
Asset at Fair Value
Total assets measured at fair value	$ 6,768	$ 23,128
Level 1 | Fair Value, Measurements, Recurring
Asset at Fair Value
Total assets measured at fair value	4,460	20,823
Level 2 | Fair Value, Measurements, Recurring
Asset at Fair Value
Total assets measured at fair value	465	462
Level 3 | Fair Value, Measurements, Recurring
Asset at Fair Value
Total assets measured at fair value	1,843	1,843
Auction rate security
Asset at Fair Value
Auction rate security	1,843	1,843
Auction rate security | Fair Value, Measurements, Recurring
Asset at Fair Value
Auction rate security	1,843	1,843
Auction rate security | Level 1 | Fair Value, Measurements, Recurring
Asset at Fair Value
Auction rate security	0	0
Auction rate security | Level 2 | Fair Value, Measurements, Recurring
Asset at Fair Value
Auction rate security	0	0
Auction rate security | Level 3 | Fair Value, Measurements, Recurring
Asset at Fair Value
Auction rate security	1,843	1,843
Money Market Funds
Asset at Fair Value
Cash and cash equivalents	100	20,600
Money Market Funds | Fair Value, Measurements, Recurring
Asset at Fair Value
Cash and cash equivalents	284	20,823
Money Market Funds | Level 1 | Fair Value, Measurements, Recurring
Asset at Fair Value
Cash and cash equivalents	284	20,823
Money Market Funds | Level 2 | Fair Value, Measurements, Recurring
Asset at Fair Value
Cash and cash equivalents	0	0
Money Market Funds | Level 3 | Fair Value, Measurements, Recurring
Asset at Fair Value
Cash and cash equivalents	0	0
Certificates of Deposit
Asset at Fair Value
Cash and cash equivalents	200	200
Prepaid expense and other assets		100
Certificates of Deposit | Fair Value, Measurements, Recurring
Asset at Fair Value
Cash and cash equivalents	465	462
Certificates of Deposit | Level 1 | Fair Value, Measurements, Recurring
Asset at Fair Value
Cash and cash equivalents	0	0
Certificates of Deposit | Level 2 | Fair Value, Measurements, Recurring
Asset at Fair Value
Cash and cash equivalents	465	462
Certificates of Deposit | Level 3 | Fair Value, Measurements, Recurring
Asset at Fair Value
Cash and cash equivalents	0	$ 0
Marketable Securities | Fair Value, Measurements, Recurring
Asset at Fair Value
Cash and cash equivalents	4,176
Marketable Securities | Level 1 | Fair Value, Measurements, Recurring
Asset at Fair Value
Cash and cash equivalents	4,176
Marketable Securities | Level 2 | Fair Value, Measurements, Recurring
Asset at Fair Value
Cash and cash equivalents	0
Marketable Securities | Level 3 | Fair Value, Measurements, Recurring
Asset at Fair Value
Cash and cash equivalents	$ 0

Fair Value Disclosure - Narrati

Fair Value Disclosure - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Jun. 30, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities without readily determinable fair value, amount	$ 100,000		$ 100,000		$ 1,700,000
Equity securities without readily determinable fair value, impairment loss, annual amount	200,000	$ 0	1,800,000	$ 0
Auction rate security
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gain (loss) on auction rate security	0	$ 0	0	$ 0
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unrealized gain (loss) on investments	300,000		(800,000)
Level 2 | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of debt outstanding	$ 375,600,000		$ 375,600,000		$ 290,300,000

Fair Value Disclosure - Sched_2

Fair Value Disclosure - Schedule of Long-Term Investments (Details) - Auction rate security - USD ($) $ in Thousands	Dec. 31, 2023	Jun. 30, 2023
Debt Securities, Available-for-sale, Fair Value to Amortized Cost [Abstract]
Cost Basis	$ 1,750	$ 1,750
Gross Unrealized Holding Gains	287	287
Gross Unrealized Holding Losses	(194)	(194)
Fair Value	$ 1,843	$ 1,843

Short-term and Long-term Debt -

Short-term and Long-term Debt - Schedule of Short-term and Long-term Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Jun. 30, 2023
Short-term Debt [Line Items]
Total debt	$ 375,629	$ 290,302
Short-term debt and current portion of long-term debt	276,307	170,123
Debt, non-current	99,322	120,179
Secured debt | Term loan
Short-term Debt [Line Items]
Total term loans	141,943	158,719
Secured debt | Mega Bank Credit Facility | Term loan
Short-term Debt [Line Items]
Total term loans	35,580	38,668
Secured debt | Chang Hwa Bank Credit Facility due October 15, 2026 | Term loan
Short-term Debt [Line Items]
Total term loans	22,911	26,853
Secured debt | CTBC Term Loan Facility, due June 4, 2030 | Term loan
Short-term Debt [Line Items]
Total term loans	35,579	38,208
Secured debt | 2021 CTBC Credit Lines, due August 15, 2026 | Term loan
Short-term Debt [Line Items]
Total term loans	3,991	4,721
Secured debt | 2021 E.SUN Bank Credit Facility, due September 15, 2026 | Term loan
Short-term Debt [Line Items]
Total term loans	28,463	33,513
Secured debt | 2022 ESUN Bank Credit Facility, due August 15, 2027 | Term loan
Short-term Debt [Line Items]
Total term loans	15,419	16,756
Line of Credit | Revolving Credit Facility
Short-term Debt [Line Items]
Total line of credit	233,686	131,583
Line of Credit | Revolving Credit Facility | 2018 Bank of America Credit Facility
Short-term Debt [Line Items]
Total line of credit	0	0
Line of Credit | Revolving Credit Facility | 2022 Bank of America Credit Facility
Short-term Debt [Line Items]
Total line of credit	20,000	0
Line of Credit | Revolving Credit Facility | Cathay Bank Line of Credit
Short-term Debt [Line Items]
Total line of credit	131,583	131,583
Line of Credit | Revolving Credit Facility | 2023 CTBC Credit Lines
Short-term Debt [Line Items]
Total line of credit	36,873	0
Line of Credit | Revolving Credit Facility | HSBC Bank Credit Facility
Short-term Debt [Line Items]
Total line of credit	29,704	0
Line of Credit | Revolving Credit Facility | Mega Bank Credit Facility
Short-term Debt [Line Items]
Total line of credit	$ 15,526	$ 0

Short-term and Long-term Debt_2

Short-term and Long-term Debt - Schedule of Available Borrowings and Interest Rates for Short-term and Long-term Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Jun. 30, 2023
Secured debt | Chang Hwa Bank Credit Facility due October 15, 2026 | Term loan
Short-term Debt [Line Items]
Credit facility, remaining borrowing capacity	$ 0	$ 0
Interest rate (as a percent)	1.55%	1.55%
Secured debt | CTBC Term Loan Facility, due June 4, 2030 | Term loan
Short-term Debt [Line Items]
Credit facility, remaining borrowing capacity	$ 0	$ 0
Interest rate (as a percent)	1.20%	1.20%
Secured debt | 2021 CTBC Credit Lines, due August 15, 2026 | Term loan
Short-term Debt [Line Items]
Credit facility, remaining borrowing capacity	$ 0	$ 0
Interest rate (as a percent)	1.40%	1.40%
Secured debt | 2021 E.SUN Bank Credit Facility, due September 15, 2026 | Term loan
Short-term Debt [Line Items]
Credit facility, remaining borrowing capacity	$ 0	$ 7,734
Interest rate (as a percent)	1.75%	1.75%
Secured debt | 2022 ESUN Bank Credit Facility, due August 15, 2027 | Term loan
Short-term Debt [Line Items]
Credit facility, remaining borrowing capacity	$ 0	$ 0
Interest rate (as a percent)	1.75%	1.75%
Secured debt | Mega Bank Credit Facility, due September 15, 2026 | Term loan
Short-term Debt [Line Items]
Credit facility, remaining borrowing capacity	$ 0	$ 0
Secured debt | Mega Bank Credit Facility, due September 15, 2026 | Minimum | Term loan
Short-term Debt [Line Items]
Interest rate (as a percent)	1.40%	1.40%
Secured debt | Mega Bank Credit Facility, due September 15, 2026 | Maximum | Term loan
Short-term Debt [Line Items]
Interest rate (as a percent)	1.60%	1.60%
Line of Credit | Revolving Credit Facility | 2018 Bank of America Credit Facility
Short-term Debt [Line Items]
Credit facility, remaining borrowing capacity	$ 350,000	$ 350,000
Interest rate (as a percent)	6.82%	6.57%
Line of Credit | Revolving Credit Facility | 2022 Bank of America Credit Facility
Short-term Debt [Line Items]
Credit facility, remaining borrowing capacity	$ 0	$ 20,000
Interest rate (as a percent)	6.49%	3.36%
Line of Credit | Revolving Credit Facility | Cathay Bank Line of Credit
Short-term Debt [Line Items]
Credit facility, remaining borrowing capacity	$ 417	$ 417
Interest rate (as a percent)	7.36%	7.08%
Line of Credit | Revolving Credit Facility | 2022 CTBC Credit Lines
Short-term Debt [Line Items]
Credit facility, remaining borrowing capacity	$ 0	$ 105,000
Interest rate (as a percent)	0%	3.33%
Line of Credit | Revolving Credit Facility | 2023 CTBC Credit Line
Short-term Debt [Line Items]
Credit facility, remaining borrowing capacity	$ 68,127	$ 0
Interest rate (as a percent)		0%
Line of Credit | Revolving Credit Facility | 2023 CTBC Credit Line | Minimum
Short-term Debt [Line Items]
Interest rate (as a percent)	1.96%
Line of Credit | Revolving Credit Facility | 2023 CTBC Credit Line | Maximum
Short-term Debt [Line Items]
Interest rate (as a percent)	6.52%
Line of Credit | Revolving Credit Facility | Chang Hwa Bank Credit Facility
Short-term Debt [Line Items]
Credit facility, remaining borrowing capacity	$ 20,000	$ 20,000
Interest rate (as a percent)	6.38%	6.58%
Line of Credit | Revolving Credit Facility | HSBC Bank Credit Facility
Short-term Debt [Line Items]
Credit facility, remaining borrowing capacity	$ 20,296	$ 50,000
Interest rate (as a percent)		4.50%
Line of Credit | Revolving Credit Facility | HSBC Bank Credit Facility | Minimum
Short-term Debt [Line Items]
Interest rate (as a percent)	1.90%
Line of Credit | Revolving Credit Facility | HSBC Bank Credit Facility | Maximum
Short-term Debt [Line Items]
Interest rate (as a percent)	6.37%
Line of Credit | Revolving Credit Facility | 2022 E.SUN Bank Credit Facility
Short-term Debt [Line Items]
Credit facility, remaining borrowing capacity	$ 30,000	$ 30,000
Interest rate (as a percent)	6.67%	4.18%
Line of Credit | Revolving Credit Facility | Mega Bank Credit Facility
Short-term Debt [Line Items]
Credit facility, remaining borrowing capacity	$ 4,474	$ 20,000
Interest rate (as a percent)	1.90%	2.55%

Short-term and Long-term Debt_3

Short-term and Long-term Debt - 2023 CTBC Bank Credit Lines (Details) - Revolving Credit Facility - CTBC Bank	Dec. 31, 2023 USD ($)	Sep. 28, 2023 TWD ($)	Sep. 28, 2023 USD ($)
2020 And 2021 CTBC Credit Lines | Term loan
Short-term Debt [Line Items]
Credit facility, maximum borrowing capacity		$ 1,550,000,000
NTD Short Term Loan | Term loan
Short-term Debt [Line Items]
Credit facility, maximum borrowing capacity		1,250,000,000
Guarantee Line | Term loan
Short-term Debt [Line Items]
Credit facility, maximum borrowing capacity		$ 100,000,000
USD Short Term Loan Line | Term loan
Short-term Debt [Line Items]
Credit facility, maximum borrowing capacity			$ 40,000,000
Export/Import O/A Loan Line - Exports | Term loan
Short-term Debt [Line Items]
Credit facility, maximum borrowing capacity			105,000,000
Export/Import O/A Loan Line - Imports | Term loan
Short-term Debt [Line Items]
Credit facility, maximum borrowing capacity			50,000,000
2023 CTBC Credit Lines
Short-term Debt [Line Items]
Outstanding borrowings	$ 36,900,000
2023 CTBC Credit Lines | Term loan
Short-term Debt [Line Items]
Credit facility, maximum borrowing capacity			105,000,000
2023 CTBC Credit Lines | Minimum
Short-term Debt [Line Items]
Interest rate (as a percent)	1.96%
2023 CTBC Credit Lines | Minimum | Term loan
Short-term Debt [Line Items]
Credit facility, covenant not satisfied, maximum borrowing capacity			70,000,000
2023 CTBC Credit Lines | Maximum
Short-term Debt [Line Items]
Interest rate (as a percent)	6.52%
2023 CTBC Credit Lines | Maximum | Term loan
Short-term Debt [Line Items]
Credit facility, maximum borrowing capacity			$ 105,000,000

Short-term and Long-term Debt_4

Short-term and Long-term Debt - 2023 HSBC Bank Credit Lines (Details) - Revolving Credit Facility - HSBC Bank Credit Facility - HSBC Bank - Export Seller Trade Loan	Dec. 31, 2023 USD ($)	Dec. 07, 2023 TWD ($)	Dec. 07, 2023 USD ($)
Short-term Debt [Line Items]
Credit facility, maximum borrowing capacity		$ 300,000,000	$ 50,000,000
Outstanding borrowings	$ 29,700,000
Minimum
Short-term Debt [Line Items]
Interest rate (as a percent)	1.90%
Maximum
Short-term Debt [Line Items]
Interest rate (as a percent)	6.37%

Short-term and Long-term Debt_5

Short-term and Long-term Debt - Schedule of Maturities of Short-term and Long-term Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Jun. 30, 2023
Debt Disclosure [Abstract]
Remainder of 2024	$ 254,997
2025	42,621
2026	42,621
2027	18,517
2028	6,246
2029 and thereafter	10,627
Total debt	$ 375,629	$ 290,302

Leases - Schedule of Lease Cost

Leases - Schedule of Lease Costs and Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
Operating lease expense (including expense for lease agreements with related parties of $139 and $140 for the three months ended December 31, 2023 and 2022, respectively, and $277 and $284 for the six months ended December 31, 2023 and 2022, respectively)	$ 2,354	$ 2,115	$ 4,539	$ 4,225
Cash payments for operating leases (including payments to related parties of $129 and $127 for the three months ended December 31, 2023 and 2022, respectively, and $257 and $257 for the six months ended December 31, 2023 and 2022, respectively)	2,204	2,025	4,287	4,063
New operating lease assets obtained in exchange for operating lease liabilities	572	274	9,749	1,024
Related Party
Related Party Transaction [Line Items]
Operating lease expense (including expense for lease agreements with related parties of $139 and $140 for the three months ended December 31, 2023 and 2022, respectively, and $277 and $284 for the six months ended December 31, 2023 and 2022, respectively)	139	140	277	284
Cash payments for operating leases (including payments to related parties of $129 and $127 for the three months ended December 31, 2023 and 2022, respectively, and $257 and $257 for the six months ended December 31, 2023 and 2022, respectively)	$ 129	$ 127	$ 257	$ 257

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Short-term lease payments	$ 0.5	$ 0.4	$ 0.9	$ 0.9
Operating lease, weighted average remaining lease term	3 years 1 month 6 days		3 years 1 month 6 days
Incremental borrowing rate	4.20%		4.20%

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Operating Liability Payments (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Leases [Abstract]
Remainder of 2024	$ 4,839
2025	9,436
2026	5,600
2027	3,885
2028	2,827
2029 and beyond	429
Total future lease payments	27,016
Less: Imputed interest	(1,991)
Present value of operating lease liabilities	$ 25,025

Related Party Transactions - Na

Related Party Transactions - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Jun. 30, 2023
Related Party Transaction [Line Items]
Outstanding purchase order	$ 1,900,000,000		$ 1,900,000,000
Cost of sales	3,100,602,000	$ 1,465,773,000	4,866,583,000	$ 2,970,368,000
Corporate Venture
Related Party Transaction [Line Items]
Cost of sales	$ 11,400,000	6,000,000	$ 12,200,000	17,300,000
Corporate Venture
Related Party Transaction [Line Items]
Equity method investment, ownership percentage	30%		30%
Unamortized deferred gain from sale	$ 0		$ 0		$ 0
Impairment on investments	0	0	0	0
Accounts receivable	$ 3,500,000		$ 3,500,000		1,900,000
Investor in China | Corporate Venture
Related Party Transaction [Line Items]
Equity method investment, ownership percentage	70%		70%
Related Party
Related Party Transaction [Line Items]
Outstanding purchase order	$ 87,400,000		$ 87,400,000
Cost of sales	$ 112,445,000	$ 98,743,000	$ 225,552,000	$ 195,279,000
Ablecom
Related Party Transaction [Line Items]
Product sold percent	87.20%	95.50%	86.30%	91.80%
Ablecom | Management | Steve Liang and other family members
Related Party Transaction [Line Items]
Ownership percentage (as a percent)	36%		36%
Ablecom | Management | Charles Liang and wife
Related Party Transaction [Line Items]
Ownership percentage (as a percent)	10.50%		10.50%
Ablecom | Management | Sibling of Yih-Shyan (Wally) Liaw
Related Party Transaction [Line Items]
Ownership percentage (as a percent)	11.70%		11.70%
Ablecom | Related Party | Cancellable Purchase Obligation
Related Party Transaction [Line Items]
Outstanding purchase order	$ 49,100,000		$ 49,100,000		37,400,000
Ablecom | Related Party | No-Cancellable Purchase Obligation
Related Party Transaction [Line Items]
Outstanding purchase order	$ 37,500,000		$ 37,500,000		23,700,000
Compuware | Management | Sibling of Yih-Shyan (Wally) Liaw
Related Party Transaction [Line Items]
Ownership percentage (as a percent)	8.70%		8.70%
Compuware | Related Party | Cancellable Purchase Obligation
Related Party Transaction [Line Items]
Outstanding purchase order	$ 121,600,000		$ 121,600,000		156,200,000
Compuware | Related Party | No-Cancellable Purchase Obligation
Related Party Transaction [Line Items]
Outstanding purchase order	$ 49,900,000		$ 49,900,000		$ 46,800,000

Related Party Transactions - Sc

Related Party Transactions - Schedule of Related Party Transactions (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Jun. 30, 2023
Related Party Transaction [Line Items]
Accounts receivable, related parties	$ 1,502,971		$ 1,502,971		$ 1,148,259
Other receivable, related parties	146,727		146,727		145,144
Accounts payable, related parties	1,261,533		1,261,533		776,831
Accrued liabilities, related parties	214,462		214,462		163,865
Net sales	3,664,924	$ 1,803,195	5,784,596	$ 3,655,325
Cost of sales	3,100,602	1,465,773	4,866,583	2,970,368
Changes in accounts receivable			(354,685)	68,036
Changes in other receivable			3,343	518
Changes in accounts payable			479,613	(90,908)
Changes in accrued liabilities			48,979	(44,092)
Changes in other long-term liabilities			84	(3,040)
Purchases of property, plant and equipment			17,351	20,631
Unpaid property, plant and equipment			6,163	3,333
Related Party
Related Party Transaction [Line Items]
Accounts receivable, related parties	3,859		3,859		5,473
Other receivable, related parties	34,293		34,293		27,732
Accounts payable, related parties	101,700		101,700		89,134
Accrued liabilities, related parties	18,509		18,509		14,017
Net sales	15,781	20,073	33,177	45,126
Cost of sales	112,445	98,743	225,552	195,279
Changes in accounts receivable			1,614	3,178
Changes in other receivable			(6,561)	(22,925)
Changes in accounts payable			12,566	751
Changes in accrued liabilities			4,492	851
Changes in other long-term liabilities			(152)	(168)
Purchases of property, plant and equipment			4,528	4,514
Unpaid property, plant and equipment			2,577	1,764
Related Party | Purchases - inventory
Related Party Transaction [Line Items]
Cost of sales	112,445	98,743	225,552	195,279
Related Party | Purchases - other miscellaneous items
Related Party Transaction [Line Items]
Cost of sales	3,788	3,042	8,964	8,063
Ablecom | Related Party
Related Party Transaction [Line Items]
Accounts receivable, related parties	2		2		2
Other receivable, related parties	2,270		2,270		2,841
Accounts payable, related parties	46,649		46,649		35,711
Accrued liabilities, related parties	1,074		1,074		1,230
Net sales	4	2	6	3
Changes in accounts receivable			0	0
Changes in other receivable			571	1,364
Changes in accounts payable			10,938	(3,589)
Changes in accrued liabilities			(156)	(2,009)
Changes in other long-term liabilities			0	0
Purchases of property, plant and equipment			4,460	4,366
Unpaid property, plant and equipment			2,570	1,764
Ablecom | Related Party | Purchases - inventory
Related Party Transaction [Line Items]
Cost of sales	50,586	46,715	97,199	94,562
Ablecom | Related Party | Purchases - other miscellaneous items
Related Party Transaction [Line Items]
Cost of sales	3,456	2,763	8,215	7,526
Compuware | Related Party
Related Party Transaction [Line Items]
Accounts receivable, related parties	289		289		3,528
Other receivable, related parties	32,023		32,023		24,891
Accounts payable, related parties	55,051		55,051		53,423
Accrued liabilities, related parties	17,435		17,435		12,787
Net sales	4,392	14,113	20,998	27,872
Changes in accounts receivable			3,239	137
Changes in other receivable			(7,132)	(24,289)
Changes in accounts payable			1,628	4,340
Changes in accrued liabilities			4,648	2,860
Changes in other long-term liabilities			(152)	(168)
Purchases of property, plant and equipment			68	148
Unpaid property, plant and equipment			7	0
Compuware | Related Party | Purchases - inventory
Related Party Transaction [Line Items]
Cost of sales	61,859	52,028	128,353	100,717
Compuware | Related Party | Purchases - other miscellaneous items
Related Party Transaction [Line Items]
Cost of sales	332	279	749	537
Corporate Venture | Related Party
Related Party Transaction [Line Items]
Accounts receivable, related parties	3,568		3,568		1,943
Other receivable, related parties	0		0		0
Accounts payable, related parties	0		0		0
Accrued liabilities, related parties	0		0		$ 0
Net sales	11,385	5,958	12,173	17,251
Changes in accounts receivable			(1,625)	3,041
Changes in other receivable			0	0
Changes in accounts payable			0	0
Changes in accrued liabilities			0	0
Changes in other long-term liabilities			0	0
Purchases of property, plant and equipment			0	0
Unpaid property, plant and equipment			0	0
Corporate Venture | Related Party | Purchases - inventory
Related Party Transaction [Line Items]
Cost of sales	0	0	0	0
Corporate Venture | Related Party | Purchases - other miscellaneous items
Related Party Transaction [Line Items]
Cost of sales	$ 0	$ 0	$ 0	$ 0

Stock-based Compensation and _3

Stock-based Compensation and Stockholders' Equity - Equity Incentive Plan Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	Jan. 22, 2024	Dec. 05, 2023	May 18, 2022	Jun. 05, 2020	Dec. 31, 2023	Jun. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for outstanding awards (in shares)					3,798,239	3,302,533
Underwritten Public Offering
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Sale of stock, number of shares issued in transaction (in shares)		2,415,805
Common stock (USD per share)		$ 262
Underwritten Public Offering - Shares from Company
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Sale of stock, number of shares issued in transaction (in shares)		2,315,105
Received net proceeds, amount		$ 582.8
Underwritten Public Offering - Shares from Selling Stockholders
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Sale of stock, number of shares issued in transaction (in shares)		100,700
Equity Incentive Plan, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)				5,000,000
Shares reserved for future issuance (in shares)				1,045,000
Authorized shares available for future issuance (in shares)					483,780
Additional shares authorized (in shares)			2,000,000
Ownership percentage threshold for employee owned incentive stock options to qualify for exercise price per share				10%
Equity Incentive Plan, 2020 | Subsequent Event
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Additional shares authorized (in shares)	1,500,000
Equity Incentive Plan, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Authorized shares available for future issuance (in shares)				0
Shares reserved for outstanding awards (in shares)				7,246,000
Equity Incentive Plan, 2020, More Than Ten Percent Ownership
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of fair market value				110%
Equity Incentive Plan, 2020, Less Than Ten Percent Ownership
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of fair market value				100%
Tranche One | Equity Incentive Plan, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option and restricted stock units vesting rights, percentage				25%
Remaining Tranches | Equity Incentive Plan, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option and restricted stock units vesting rights, percentage				6.25%
Employee stock option | Equity Incentive Plan, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option expected life (in years)				10 years
Employee stock options and restricted stock units | Equity Incentive Plan, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)				4 years

Stock-based Compensation and _4

Stock-based Compensation and Stockholders' Equity - Common Stock Repurchase Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2023	Aug. 03, 2022
Share-Based Payment Arrangement [Abstract]
Stock repurchase program, authorized amount		$ 200
Remaining authorized repurchase amount	$ 50

Stock-based Compensation and _5

Stock-based Compensation and Stockholders' Equity - Schedule of Stock Option Valuation Assumptions (Details) - Employee stock option - $ / shares	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate, minimum	4.78%	4.16%	4.15%	2.81%
Risk-free interest rate, maximum		4.25%	4.78%	4.25%
Expected term		6 years 25 days		6 years 25 days
Dividend yield	0%	0%	0%	0%
Volatility, minimum	58.89%	51.64%	56.87%	50.62%
Volatility, maximum		51.68%	58.89%	51.68%
Weighted average fair value (in dollars per share)	$ 156.09	$ 36.37	$ 179.16	$ 34.60
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term	5 years 11 months 26 days		3 years
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term			5 years 11 months 26 days

Stock-based Compensation and _6

Stock-based Compensation and Stockholders' Equity - Schedule of Stock-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense before taxes	$ 43,061	$ 16,981	$ 100,440	$ 27,995
Income tax impact	(9,569)	(3,381)	(25,434)	(4,720)
Stock-based compensation expense, net	33,492	13,600	75,006	23,275
Cost of sales
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense before taxes	3,555	1,486	9,459	2,370
Research and development
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense before taxes	25,439	9,334	61,149	15,452
Sales and marketing
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense before taxes	4,340	1,448	10,005	2,257
General and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense before taxes	$ 9,727	$ 4,713	$ 19,827	$ 7,916

Stock-based Compensation and _7

Stock-based Compensation and Stockholders' Equity - Determining Fair Value Narrative (Details) - USD ($)	6 Months Ended
	Dec. 31, 2023	Jun. 30, 2023
Employee stock option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost related to non-vested stock-based awards	$ 73,500,000
Unrecognized compensation cost related to non-vested stock based awards, period for recognition (in years)	3 years 3 months 3 days
Restricted stock units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost related to non-vested stock-based awards	$ 237,000,000
Unrecognized compensation cost related to non-vested stock based awards, period for recognition (in years)	2 years 7 months 24 days
2021 CEO Performance Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost related to non-vested stock-based awards	$ 0	$ 700,000
2023 CEO Performance Award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost related to non-vested stock-based awards	$ 27,400,000
Unrecognized compensation cost related to non-vested stock based awards, period for recognition (in years)	1 year 9 months

Stock-based Compensation and _8

Stock-based Compensation and Stockholders' Equity - Stock Option Activity Narrative (Details)		1 Months Ended	3 Months Ended		6 Months Ended
	Jun. 19, 2023 tradingDay	Mar. 31, 2021 operationalMilestone tranche tradingDay $ / shares shares	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2023 USD ($) shares	Dec. 31, 2022 USD ($)	Jun. 30, 2023 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in period (in shares) | shares					844,242
Stock-based compensation expense before taxes			$ 43,061,000	$ 16,981,000	$ 100,440,000	$ 27,995,000
2021 CEO Performance Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in period (in shares) | shares		1,000,000
Number of vesting tranches | tranche		5
Market price milestone, number of trading days | tradingDay	60	60
Number of operational milestones | operationalMilestone		5
Stock-based compensation expense before taxes			500,000	$ 1,900,000	700,000	$ 3,200,000
Unrecognized compensation cost related to non-vested stock-based awards			$ 0		$ 0		$ 700,000
2021 CEO Performance Stock Option | Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Market price milestone (in dollars per share) | $ / shares		$ 45
2021 CEO Performance Stock Option | Tranche Five
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Market price milestone (in dollars per share) | $ / shares		$ 120

Stock-based Compensation and _9

Stock-based Compensation and Stockholders' Equity - Schedule of Operational and Stock Price Milestones (Details) $ / shares in Units, $ in Thousands		1 Months Ended						3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 19, 2023 tradingDay $ / shares	Nov. 30, 2023 tradingDay	Sep. 30, 2023 shares	Jan. 31, 2023 shares	Oct. 31, 2022 shares	Aug. 31, 2022 shares	Mar. 31, 2021 tradingDay	Dec. 31, 2023 USD ($) $ / shares	Dec. 31, 2022 USD ($)	Dec. 31, 2023 USD ($) $ / shares	Dec. 31, 2022 USD ($)	Dec. 31, 2023 USD ($) $ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Net sales								$ 3,664,924	$ 1,803,195	$ 5,784,596	$ 3,655,325
2021 CEO Performance Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Net sales												$ 9,300,000
Market price milestone, number of trading days | tradingDay	60						60
2023 CEO Performance Award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Market price milestone, number of trading days | tradingDay		60
Milestone One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of units per vesting tranche (in shares) | shares						200,000
Milestone One | 2021 CEO Performance Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Net sales										$ 4,000,000
Share price milestone (in dollars per share) | $ / shares								$ 45		$ 45		$ 45
Milestone One | 2023 CEO Performance Award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Net sales										$ 13,000,000
Share price milestone (in dollars per share) | $ / shares								450		$ 450		450
Milestone Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of units per vesting tranche (in shares) | shares					200,000
Milestone Two | 2021 CEO Performance Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Net sales										$ 4,800,000
Share price milestone (in dollars per share) | $ / shares								60		$ 60		60
Milestone Two | 2023 CEO Performance Award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Net sales										$ 15,000,000
Share price milestone (in dollars per share) | $ / shares								600		$ 600		600
Milestone Three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of units per vesting tranche (in shares) | shares				200,000
Milestone Three | 2021 CEO Performance Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Net sales										$ 5,800,000
Share price milestone (in dollars per share) | $ / shares								75		$ 75		75
Milestone Three | 2023 CEO Performance Award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Net sales										$ 17,000,000
Share price milestone (in dollars per share) | $ / shares								750		$ 750		750
Milestone Four
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of units per vesting tranche (in shares) | shares			200,000
Milestone Four | 2021 CEO Performance Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Net sales										$ 6,800,000
Share price milestone (in dollars per share) | $ / shares								95		$ 95		95
Milestone Four | 2023 CEO Performance Award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Net sales										$ 19,000,000
Share price milestone (in dollars per share) | $ / shares								900		$ 900		$ 900
Milestone Five | 2021 CEO Performance Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Net sales										$ 8,000,000		$ 8,000,000
Share price milestone (in dollars per share) | $ / shares	$ 120							120		$ 120		$ 120
Milestone Five | 2023 CEO Performance Award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Net sales										$ 21,000,000
Share price milestone (in dollars per share) | $ / shares								$ 1,100		$ 1,100		$ 1,100

Stock-based Compensation and_10

Stock-based Compensation and Stockholders' Equity - 2023 CEO Performance Awards Narrative (Details) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended
	Nov. 30, 2023 tranche operationalMilestone tradingDay $ / shares shares	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2023 USD ($) shares	Dec. 31, 2022 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in period (in shares) | shares				844,242
Stock-based compensation expense before taxes		$ 43,061	$ 16,981	$ 100,440	$ 27,995
2023 CEO Performance Award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in period (in shares) | shares	500,000
Number of vesting tranches | tranche	5
Market price milestone, number of trading days | tradingDay	60
Number of operational milestones | operationalMilestone	5
Stock-based compensation expense before taxes		2,500		2,500
Unrecognized compensation cost related to non-vested stock-based awards		$ 27,400		$ 27,400
Unrecognized compensation cost related to non-vested stock based awards, period for recognition (in years)				1 year 9 months
2023 CEO Performance Award | Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Market price milestone (in dollars per share) | $ / shares	$ 450
2023 CEO Performance Award | Tranche Five
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Market price milestone (in dollars per share) | $ / shares	$ 1,100

Stock-based Compensation and_11

Stock-based Compensation and Stockholders' Equity - Stock Option Activity (Details) - $ / shares	6 Months Ended
	Dec. 31, 2023
Options Outstanding
Balance at beginning of period (in shares)	3,302,533
Granted (in shares)	844,242
Exercised (in shares)	(341,409)
Forfeited/cancelled (in shares)	(7,127)
Balance at end of period (in shares)	3,798,239
Options vested and exercisable (in shares)	2,044,524
Weighted Average Exercise Price per Share
Balance at beginning of period (in dollars per share)	$ 40.47
Granted (in dollars per share)	393.40
Exercised (in dollars per share)	28.68
Forfeited/cancelled (in dollars per share)	60.76
Balance at end of period (in dollars per share)	119.94
Options vested and exercisable (in dollars per share)	$ 36.57
Weighted Average Remaining Contractual Term and Aggregate Intrinsic Value
Weighted average remaining contractual term, options outstanding (in years)	7 years
Weighted average remaining contractual term, options vested and exercisable (in years)	5 years 4 months 9 days

Stock-based Compensation and_12

Stock-based Compensation and Stockholders' Equity - RSU Activity (Details) - Restricted stock units (RSUs)	6 Months Ended
	Dec. 31, 2023 $ / shares shares
Time-Based RSUs Outstanding
Balance at beginning of period (in shares) | shares	2,042,986
Granted (in shares) | shares	724,048
Released (in shares) | shares	(511,022)
Forfeited (in shares) | shares	(45,329)
Balance at end of period (in shares) | shares	2,210,683
Weighted Average Grant-Date Fair Value per Share
Balance at beginning of period (in dollars per share) | $ / shares	$ 55.94
Granted (in dollars per share) | $ / shares	309
Released (in dollars per share) | $ / shares	96.34
Forfeited (in dollars per share) | $ / shares	91.53
Balance at end of period (in dollars per share) | $ / shares	$ 128.75

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income tax provision	$ 61,503	$ 29,573	$ 81,718	$ 68,507
Effective tax rate (as a percent)	17.30%	14.30%	15.30%	15.90%
Effective tax rate caused by a reduction (as a percent)			2%
Non tax deductible stock compensation (as a percent)		1%
Expected decrease in unrecognized tax benefits over next twelve months	$ 3,200		$ 3,200

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions	Dec. 31, 2023 USD ($)
Purchase Commitment, Excluding Long-term Commitment [Line Items]
Purchase commitments, total	$ 1,900
Related Party
Purchase Commitment, Excluding Long-term Commitment [Line Items]
Purchase commitments, total	$ 87.4

Segment Reporting - Narrative (

Segment Reporting - Narrative (Details)	6 Months Ended
	Dec. 31, 2023 segment
Segment Reporting [Abstract]
Number of operating segments	1

Segment Reporting - Property, P

Segment Reporting - Property, Plant and Equipment, net (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Jun. 30, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Property, plant and equipment, net	$ 297,102	$ 290,240
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Property, plant and equipment, net	183,896	183,485
Asia
Revenues from External Customers and Long-Lived Assets [Line Items]
Property, plant and equipment, net	110,676	104,094
Europe
Revenues from External Customers and Long-Lived Assets [Line Items]
Property, plant and equipment, net	$ 2,530	$ 2,661

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event ft² in Thousands, $ in Millions	Jan. 26, 2024 USD ($)	Jan. 31, 2024 USD ($) ft²
Subsequent Event [Line Items]
Agreement to purchase real estate, initial purchase price | $	$ 80
San Jose, California
Subsequent Event [Line Items]
Lease square footage | ft²		260
Lease term		79 months
Lease additional square footage | ft²		198
Monthly rent amount | $		$ 0.6

Uncategorized Items - smci-2023

Label	Element	Value
Money Market Funds [Member]
Restricted Cash and Cash Equivalents	us-gaap_RestrictedCashAndCashEquivalents	$ 200,000
Restricted Cash and Cash Equivalents	us-gaap_RestrictedCashAndCashEquivalents	200,000
Certificates of Deposit [Member]
Restricted Cash and Cash Equivalents	us-gaap_RestrictedCashAndCashEquivalents	200,000
Restricted Cash and Cash Equivalents	us-gaap_RestrictedCashAndCashEquivalents	200,000
Prepaid Expense and Other Assets	us-gaap_PrepaidExpenseAndOtherAssets	$ 100,000