Super Micro Computer (SMCI) 10-Q 3 May 24 2024 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Mar. 31, 2024	Apr. 30, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
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		58,556,527
Entity Central Index Key	0001375365
Current Fiscal Year End Date	--06-30
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Jun. 30, 2023
Current assets:
Cash and cash equivalents	$ 2,115,476	$ 440,459
Accounts receivable, net of allowance for credit losses of $75 and $82 at March 31, 2024 and June 30, 2023, respectively (including accounts receivable from related parties of $1,110 and $5,473 at March 31, 2024 and June 30, 2023, respectively)	1,650,153	1,148,259
Inventories	4,124,587	1,445,564
Prepaid expenses and other current assets (including receivables from related parties of $30,249 and $27,732 at March 31, 2024 and June 30, 2023, respectively)	173,716	145,144
Total current assets	8,063,932	3,179,426
Property, plant and equipment, net	385,566	290,240
Deferred income taxes, net	330,248	162,654
Other assets	83,035	42,409
Total assets	8,862,781	3,674,729
Current liabilities:
Accounts payable (including amounts due to related parties of $102,582 and $89,134 at March 31, 2024 and June 30, 2023, respectively)	1,092,445	776,831
Accrued liabilities (including amounts due to related parties of $18,798 and $14,017 at March 31, 2024 and June 30, 2023, respectively)	290,370	163,865
Income taxes payable	20,021	129,166
Lines of credit and current portion of term loans	81,566	170,123
Deferred revenue	233,293	134,667
Total current liabilities	1,717,695	1,374,652
Deferred revenue, non-current	203,198	169,781
Term loans	85,646	120,179
Convertible notes	1,696,255	0
Other long-term liabilities	65,831	37,947
Total liabilities	3,768,625	1,702,559
Commitments and contingencies (Note 12)
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	2,805,008	538,352
Accumulated other comprehensive income	549	639
Retained earnings	2,288,436	1,433,014
Total Super Micro Computer, Inc. stockholders’ equity	5,093,993	1,972,005
Noncontrolling interest	163	165
Total stockholders’ equity	5,094,156	1,972,170
Total liabilities and stockholders’ equity	$ 8,862,781	$ 3,674,729

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Mar. 31, 2024	Jun. 30, 2023
Current assets:
Accounts receivable, allowance for credit loss	$ 75	$ 82
Accounts receivable, after allowance for credit loss, current	1,650,153	1,148,259
Prepaid expenses and other current assets (including receivables from related parties of $30,249 and $27,732 at March 31, 2024 and June 30, 2023, respectively)	173,716	145,144
Current liabilities:
Accounts payable, related parties	1,092,445	776,831
Accrued liabilities, related parties	$ 290,370	$ 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)	58,552	52,901
Common stock, shares outstanding (in shares)	58,552	52,901
Related Party
Current assets:
Accounts receivable, after allowance for credit loss, current	$ 1,110	$ 5,473
Prepaid expenses and other current assets (including receivables from related parties of $30,249 and $27,732 at March 31, 2024 and June 30, 2023, respectively)	30,249	27,732
Current liabilities:
Accounts payable, related parties	102,582	89,134
Accrued liabilities, related parties	$ 18,798	$ 14,017

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Net sales (including related party sales of $25,804 and $9,188 in the three months ended March 31, 2024 and 2023, respectively, and $58,980 and $54,316 in the nine months ended March 31, 2024 and 2023, respectively)	$ 3,850,066	$ 1,283,296	$ 9,634,662	$ 4,938,621
Cost of sales (including related party purchases of $130,397 and $87,732 in the three months ended March 31, 2024 and 2023, respectively, and $355,948 and $283,010 in the nine months ended March 31, 2024 and 2023, respectively)	3,252,698	1,056,937	8,119,281	4,027,305
Gross profit	597,368	226,359	1,515,381	911,316
Operating expenses:
Research and development	116,226	77,515	336,077	222,458
Sales and marketing	49,691	25,312	133,775	83,120
General and administrative	53,137	24,450	123,241	71,351
Total operating expenses	219,054	127,277	593,093	376,929
Income from operations	378,314	99,082	922,288	534,387
Other income (expense), net	10,035	(78)	8,762	1,641
Interest expense	(6,246)	(1,288)	(16,240)	(6,982)
Income before income tax provision	382,103	97,716	914,810	529,046
Income tax benefit (provision)	19,983	(10,857)	(61,735)	(79,364)
Share of income (loss) from equity investee, net of taxes	373	(1,013)	2,347	(3,253)
Net income	$ 402,459	$ 85,846	$ 855,422	$ 446,429
Net income per common share:
Basic (in dollars per share)	$ 7.13	$ 1.61	$ 15.68	$ 8.42
Diluted (in dollars per share)	$ 6.56	$ 1.53	$ 14.53	$ 8
Weighted-average shares used in the calculation of net income per common share:
Basic (in shares)	56,478	53,280	54,562	53,011
Diluted (in shares)	61,431	56,233	58,889	55,796

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Net sales	$ 3,850,066	$ 1,283,296	$ 9,634,662	$ 4,938,621
Cost of sales	3,252,698	1,056,937	8,119,281	4,027,305
Related Party
Net sales	25,804	9,188	58,980	54,316
Cost of sales	$ 130,397	$ 87,732	$ 355,948	$ 283,010

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 402,459	$ 85,846	$ 855,422	$ 446,429
Other comprehensive (loss) income, net of tax:
Foreign currency translation (loss) gain	(108)	71	(90)	(228)
Total other comprehensive (loss) income, net of tax	(108)	71	(90)	(228)
Total comprehensive income	$ 402,351	$ 85,917	$ 855,332	$ 446,201

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 (in shares)		1,205,727
Exercise of stock options	24,822	$ 24,822
Release of common stock upon vesting of restricted stock units (in shares)		759,893
Shares withheld for the withholding tax on vesting of restricted stock units (in shares)		(239,543)
Shares withheld for the withholding tax on vesting of restricted stock units	(19,442)	$ (19,442)
Share repurchases, retirement and related taxes (in shares)		(1,553,350)
Share repurchases, retirement and related taxes	(150,396)	$ (489)		(149,907)
Stock-based compensation	41,647	$ 41,647
Other comprehensive income (loss)	(228)		(228)
Net income (loss)	446,423			446,429	(6)
Shares outstanding, ending balance (in shares) at Mar. 31, 2023		52,483,741
Stockholders' equity, ending balance at Mar. 31, 2023	1,768,573	$ 528,279	683	1,239,445	166
Shares outstanding, beginning balance (in shares) at Dec. 31, 2022		53,400,301
Stockholders' equity, beginning balance at Dec. 31, 2022	1,818,842	$ 514,559	612	1,303,506	165
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of stock options (in shares)		452,835
Exercise of stock options	9,495	$ 9,495
Release of common stock upon vesting of restricted stock units (in shares)		275,890
Shares withheld for the withholding tax on vesting of restricted stock units (in shares)		(91,935)
Shares withheld for the withholding tax on vesting of restricted stock units	(8,938)	$ (8,938)
Share repurchases, retirement and related taxes (in shares)		(1,553,350)
Share repurchases, retirement and related taxes	(150,396)	$ (489)		(149,907)
Stock-based compensation	13,652	$ 13,652
Other comprehensive income (loss)	71		71
Net income (loss)	85,847			85,846	1
Shares outstanding, ending balance (in shares) at Mar. 31, 2023		52,483,741
Stockholders' equity, ending balance at Mar. 31, 2023	$ 1,768,573	$ 528,279	683	1,239,445	166
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 (in shares)	778,310	778,310
Exercise of stock options	$ 25,114	$ 25,114
Release of common stock upon vesting of restricted stock units (in shares)		802,450
Shares withheld for the withholding tax on vesting of restricted stock units (in shares)		(245,327)
Shares withheld for the withholding tax on vesting of restricted stock units	(119,285)	$ (119,285)
Issuance of common stock in a public offering, net of issuance costs (in shares)		4,315,105
Issuance of common stock in a public offering, net of issuance costs	2,313,990	$ 2,313,990
Purchase of capped calls, net of tax	(109,710)	(109,710)
Stock-based compensation	156,547	$ 156,547
Other comprehensive income (loss)	(90)		(90)
Net income (loss)	$ 855,420			855,422	(2)
Shares outstanding, ending balance (in shares) at Mar. 31, 2024	58,552,000	58,551,896
Stockholders' equity, ending balance at Mar. 31, 2024	$ 5,094,156	$ 2,805,008	549	2,288,436	163
Shares outstanding, beginning balance (in shares) at Dec. 31, 2023		55,917,304
Stockholders' equity, beginning balance at Dec. 31, 2023	3,077,074	$ 1,190,276	657	1,885,977	164
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of stock options (in shares)		436,901
Exercise of stock options	15,540	$ 15,540
Release of common stock upon vesting of restricted stock units (in shares)		291,428
Shares withheld for the withholding tax on vesting of restricted stock units (in shares)		(93,737)
Shares withheld for the withholding tax on vesting of restricted stock units	(78,391)	$ (78,391)
Issuance of common stock in a public offering, net of issuance costs (in shares)		2,000,000
Issuance of common stock in a public offering, net of issuance costs	1,731,186	$ 1,731,186
Purchase of capped calls, net of tax	(109,710)	(109,710)
Stock-based compensation	56,107	$ 56,107
Other comprehensive income (loss)	(108)		(108)
Net income (loss)	$ 402,458			402,459	(1)
Shares outstanding, ending balance (in shares) at Mar. 31, 2024	58,552,000	58,551,896
Stockholders' equity, ending balance at Mar. 31, 2024	$ 5,094,156	$ 2,805,008	$ 549	$ 2,288,436	$ 163

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
OPERATING ACTIVITIES:
Net income	$ 855,422	$ 446,429
Reconciliation of net income to net cash (used in) provided by operating activities:
Depreciation and amortization	29,174	25,932
Stock-based compensation expense	156,547	41,647
Share of (income) loss from equity investee	(2,347)	3,253
Unrealized foreign currency exchange gain	(282)	(2,497)
Deferred income taxes, net	(144,485)	(78,629)
Other	3,186	(649)
Changes in operating assets and liabilities:
Accounts receivable, net (including changes in related party balances of $4,363 and $6,367 during the nine months ended March 31, 2024 and 2023, respectively)	(507,870)	165,883
Inventories	(2,679,023)	5,187
Prepaid expenses and other assets (including changes in related party balances of $(2,517) and $(8,573) during the nine months ended March 31, 2024 and 2023, respectively)	(25,673)	15,088
Accounts payable (including changes in related party balances of $13,448 and $(11,242) during the nine months ended March 31, 2024 and 2023, respectively)	309,613	(9,120)
Income taxes payable	(99,824)	50,855
Accrued liabilities (including changes in related party balances of $4,781 and $(324) during the nine months ended March 31, 2024 and 2023, respectively)	123,937	(62,639)
Deferred revenue	132,043	76,062
Other long-term liabilities (including changes in related party balances of $(178) and $(241) during the nine months ended March 31, 2024 and 2023, respectively)	5,424	(3,883)
Net cash (used in) provided by operating activities	(1,844,158)	672,919
INVESTING ACTIVITIES:
Purchases of property, plant and equipment (including payments to related parties of $9,132 and $6,325 during the nine months ended March 31, 2024 and 2023, respectively)	(110,296)	(28,618)
Investment in equity securities	(21,673)	0
Net cash used in investing activities	(131,969)	(28,618)
FINANCING ACTIVITIES:
Proceeds from lines of credit and term loans	1,818,850	164,326
Repayment of lines of credit and term loans	(1,939,590)	(570,446)
Proceeds from exercise of stock options	25,114	24,822
Payment of withholding tax on vesting of restricted stock units	(119,285)	(19,442)
Stock repurchases	0	(146,526)
Issuances of common stock in public offerings, net of issuance costs	2,313,990	0
Proceeds from issuance of 2029 convertible notes, net of issuance costs	1,695,768	0
Purchase of capped calls	(142,140)	0
Other	76	(25)
Net cash provided by (used in) financing activities	3,652,783	(547,291)
Effect of exchange rate fluctuations on cash	(1,634)	(2,269)
Net increase in cash, cash equivalents and restricted cash	1,675,022	94,741
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	2,115,982	363,300
Supplemental disclosure of cash flow information:
Cash paid for interest	14,813	7,223
Cash paid for taxes, net of refunds	300,596	107,054
Non-cash investing and financing activities:
Unpaid property, plant and equipment purchases (including due to related parties of $1,492 and $1,391 as of March 31, 2024 and 2023, respectively)	9,345	2,885
Right of use ("ROU") assets obtained in exchange for operating lease commitments	24,140	1,679
Unpaid stock repurchases	0	3,472
Investment obtained in exchange for an asset	$ 6,000	$ 0

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Non-cash investing and financing activities:
Changes in accounts receivable	$ (507,870)	$ 165,883
Changes in other receivable	(25,673)	15,088
Accounts payable, related party	309,613	(9,120)
Accrued liabilities, related party	123,937	(62,639)
Other long-term liabilities, related party	5,424	(3,883)
Purchases of property, plant and equipment, related party	110,296	28,618
Unpaid property, plant and equipment purchases, related party	9,345	2,885
Related Party
Non-cash investing and financing activities:
Changes in accounts receivable	4,363	6,367
Changes in other receivable	(2,517)	(8,573)
Accounts payable, related party	13,448	(11,242)
Accrued liabilities, related party	4,781	(324)
Other long-term liabilities, related party	(178)	(241)
Purchases of property, plant and equipment, related party	9,132	6,325
Unpaid property, plant and equipment purchases, related party	$ 1,492	$ 1,391

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Mar. 31, 2024
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 nine months ended March 31, 2024 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. Supplier A accounted for 69.8% and supplier B accounted for 5.1% of total purchases for the three months ended March 31, 2024, and supplier A accounted for 26.9% and supplier B accounted for 16.9% of total purchases for the three months ended March 31, 2023. Supplier A accounted for 65.8% and supplier B accounted for 7.1% of total purchases for the nine months ended March 31, 2024, and supplier A accounted for 23.6% and supplier B accounted for 15.8% of total purchases for the nine months ended March 31, 2023. The increase in the concentration of the Company's total purchases from supplier A for 69.8% and 65.8% of total purchases for the three and nine months ended March 31, 2024, 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 9, "Related Party Transactions") accounted for a combined 4.0% and 8.3% of total cost of sales for the three months ended March 31, 2024 and 2023, respectively, and a combined 4.4% and 7.0% of total cost of sales for the nine months ended March 31, 2024 and 2023, 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. Customer A accounted for 27.9%, customer E accounted for 18.1% and customer B accounted for 15.4% of accounts receivable, net as of March 31, 2024. Customer A accounted for 22.9% and customer B accounted for 19.3% of accounts receivable, net as of June 30, 2023. These accounts receivable represent a concentration of credit risk to the Company. Customer A accounted for 21.2% and customer B accounted for 16.8% of the net sales for the three months ended March 31, 2024 and customer A accounted for 23.7% of the net sales for the nine months ended March 31, 2024. Customer A accounted for 10.7% of the net sales for the three months ended March 31, 2023, and customer C accounted for 11.8% of the net sales for the nine months ended March 31, 2023. 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	9 Months Ended
	Mar. 31, 2024
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 Nine Months Ended 2024 2023 2024 2023 Server and storage systems $ 3,698,446 $ 1,163,723 $ 9,100,616 $ 4,537,710 Subsystems and accessories 151,620 119,573 534,046 400,911 Total $ 3,850,066 $ 1,283,296 $ 9,634,662 $ 4,938,621 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 nine months ended March 31, 2024 and 2023, of net sales by geographic region (in thousands): Three Months Ended Nine Months Ended 2024 2023 2024 2023 United States $ 2,685,213 $ 785,548 $ 6,910,312 $ 3,172,444 Asia 764,614 214,363 1,646,302 815,098 Europe 297,653 228,531 776,949 776,138 Other 102,586 54,854 301,099 174,941 Total $ 3,850,066 $ 1,283,296 $ 9,634,662 $ 4,938,621 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 nine months ended March 31, 2024, which was included in the opening deferred revenue balance as of June 30, 2023, of $304.4 million, was $28.9 million and $104.1 million, respectively. Deferred revenue increased $132.0 million as of March 31, 2024 as compared to the fiscal year ended June 30, 2023. This increase was mainly due to deferral on invoiced amounts for service contracts during the period exceeding the recognized revenue from contracts entered into in prior periods. This was accompanied by a $24.7 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 March 31, 2024 was approximately $436.5 million . The Company expects to recognize approximately 53% of remaining performance obligations as revenue in the next 12 months, and the remainder thereafter.

Net Income Per Common Share

Net Income Per Common Share	9 Months Ended
	Mar. 31, 2024
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 nine months ended March 31, 2024 and 2023 (in thousands, except per share amounts): Three Months Ended Nine Months Ended 2024 2023 2024 2023 Numerator: Net income - basic $ 402,459 $ 85,846 $ 855,422 $ 446,429 Convertible notes interest charge, net of tax 385 — 385 — Net income - diluted $ 402,844 $ 85,846 $ 855,807 $ 446,429 Denominator: Weighted-average shares outstanding - basic 56,478 53,280 54,562 53,011 Effect of dilutive convertible notes 471 — 155 — Effect of dilutive securities 4,482 2,953 4,172 2,785 Weighted-average shares outstanding - diluted 61,431 56,233 58,889 55,796 Net income per common share - basic $ 7.13 $ 1.61 $ 15.68 $ 8.42 Net income per common share - diluted $ 6.56 $ 1.53 $ 14.53 $ 8.00 For the three and nine months ended March 31, 2024 and 2023, 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 8,804 and 187,358 for the three months ended March 31, 2024 and 2023, respectively, and 310,463 and 235,494 for the nine months ended March 31, 2024 and 2023, respectively. Potentially dilutive common shares issuable upon conversion of our outstanding convertible notes are determined using the if-converted method.

Balance Sheet Components

Balance Sheet Components	9 Months Ended
	Mar. 31, 2024
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: March 31, 2024 June 30, 2023 Cash and cash equivalents $ 2,115,476 $ 440,459 Restricted cash included in other assets 506 501 Total cash, cash equivalents and restricted cash $ 2,115,982 $ 440,960 Inventories: March 31, 2024 June 30, 2023 Finished goods $ 2,984,698 $ 1,045,177 Work in process 640,525 71,874 Purchased parts and raw materials 499,364 328,513 Total inventories $ 4,124,587 $ 1,445,564 Property, Plant, and Equipment: March 31, 2024 June 30, 2023 Land $ 149,394 $ 86,642 Buildings 163,510 143,496 Machinery and equipment 145,549 130,151 Building and leasehold improvements 65,185 59,634 Furniture and fixtures 40,429 36,303 Software 23,935 23,098 Building construction in progress 6,432 303 594,434 479,627 Accumulated depreciation and amortization (208,868) (189,387) Property, plant and equipment, net $ 385,566 $ 290,240 Accrued Liabilities: March 31, 2024 June 30, 2023 Customer deposits $ 73,786 $ 16,577 Accrued payroll and related expenses 54,745 53,439 Contract manufacturers liabilities 27,496 23,634 Accrued cooperative marketing expenses 13,536 9,744 Accrued warranty costs 10,028 9,079 Operating lease liability 8,154 7,292 Other 102,625 44,100 Total accrued liabilities $ 290,370 $ 163,865 Product Warranties: Three Months Ended Nine Months Ended 2024 2023 2024 2023 Balance, beginning of the period $ 16,616 $ 13,276 $ 14,859 $ 12,136 Provision for warranty 13,176 9,419 36,220 26,969 Costs utilized (12,423) (8,100) (33,813) (25,126) Change in estimated liability for pre-existing warranties 273 377 376 993 Balance, end of the period 17,642 14,972 17,642 14,972 Current portion 10,028 9,704 10,028 9,704 Non-current portion $ 7,614 $ 5,268 $ 7,614 $ 5,268

Fair Value Disclosure

Fair Value Disclosure	9 Months Ended
	Mar. 31, 2024
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 March 31, 2024 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 Instruments Measured on a Recurring Basis The following table sets forth the Company’s financial instruments as of March 31, 2024 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): March 31, 2024 Level 1 Level 2 Level 3 Asset at Assets Money market funds (1) $ 313 $ — $ — $ 313 Certificates of deposit — 489 — 489 Investment in marketable equity security 2,652 — — 2,652 Auction rate security — — 1,843 1,843 Total assets measured at fair value $ 2,965 $ 489 $ 1,843 $ 5,297 June 30, 2023 Level 1 Level 2 Level 3 Asset at Assets Money market funds (1) $ 20,823 $ — $ — $ 20,823 Certificates of deposit — 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 March 31, 2024 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 nine months ended March 31, 2024, includes an unrealized loss of $1.5 million and $2.3 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 nine months ended March 31, 2024, 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 nine months ended March 31, 2024 and 2023. There were no transfers between Level 1, Level 2 or Level 3 financial instruments in the three and nine months ended March 31, 2024 and 2023. The following is a summary of the Company’s investment in an auction rate security as of March 31, 2024 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 nine months ended March 31, 2024 and 2023. The Company measures the fair value of outstanding lines of credit and term loans for disclosure purposes on a recurring basis. As of March 31, 2024 and June 30, 2023, total lines of credit and term loans of $167.2 million and $290.3 million, respectively, was reported at amortized cost. This outstanding balance was classified as Level 2 as it was not actively traded. The amortized cost of the outstanding lines of credit and term loans approximates the fair value. Convertible notes The estimated fair value of the Company's 0% convertible senior notes due 2029 (the "Convertible Notes") was $1,911.6 million as of March 31, 2024. The Company measures the fair value of its convertible notes for disclosure purposes on a recurring basis. The estimated fair value of the Convertible Notes was determined through consideration of quoted market prices. The fair value of the Convertible Notes are categorized in Level 2 of the fair value hierarchy. Other Financial Assets - Investments in 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 $22.6 million and $1.7 million as of March 31, 2024 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 nine months ended March 31, 2024, the Company performed a qualitative assessment and identified impairment indicators. The Company recorded a $0.0 million and $1.8 million impairment during the three and nine months ended March 31, 2024, 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 nine months ended March 31, 2023.

Lines of Credit and Term Loans

Lines of Credit and Term Loans	9 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
Lines of Credit and Term Loans	and Term Loans Short-term and long-term loan obligations as of March 31, 2024 and June 30, 2023 consisted of the following (in thousands): March 31, June 30, 2024 2023 Line of credit: 2018 Bank of America Credit Facility $ — $ — 2022 Bank of America Credit Facility — — Cathay Bank Line of Credit — 131,583 2024 CTBC Credit Lines 24,994 — Chang Hwa Bank Credit Facility — — 2023 HSBC Bank Credit Lines 8,217 — 2022 E.SUN Bank Credit Facility — — Mega Bank Credit Facility 7,186 — Total line of credit 40,397 131,583 Term loan facilities: Chang Hwa Bank Credit Facility due October 15, 2026 20,178 26,853 CTBC Term Loan Facility, due June 4, 2030 33,029 38,208 2021 CTBC Credit Lines, due August 15, 2026 3,493 4,721 2021 E.SUN Bank Credit Facility, due September 15, 2026 24,995 33,513 2022 ESUN Bank Credit Facility, due August 15, 2027 13,877 16,756 Mega Bank Credit Facility, due September 15, 2026 31,243 38,668 Total term loans 126,815 158,719 Total lines of credit and term loans 167,212 290,302 Lines of credit and current portion of term loans 81,566 170,123 Term loans, non-current $ 85,646 $ 120,179 Activities under Revolving Lines of Credit and Term Loans Available borrowings and interest rates as of March 31, 2024 and June 30, 2023 consisted of the following (in thousands except for percentages): March 31, 2024 June 30, 2023 Available borrowings Interest rate Available borrowings Interest rate Line of credit: 2018 Bank of America Credit Facility $ 350,000 7.06% $ 350,000 6.57% 2022 Bank of America Credit Facility $ 20,000 6.49% $ 20,000 3.36% Cathay Bank Line of Credit $ 132,000 7.50% $ 417 7.08% 2022 CTBC Credit Lines $ — — $ 105,000 3.33% 2024 CTBC Credit Lines $ 160,006 1.94% - 6.26% $ — — Chang Hwa Bank Credit Facility $ 20,000 6.30% $ 20,000 6.58% 2023 HSBC Bank Credit Lines $ 41,783 2.03% - 6.37% $ 50,000 4.50% 2022 E.SUN Bank Credit Facility $ 30,000 6.67% $ 30,000 4.18% Mega Bank Credit Facility $ 12,814 1.90% - 1.91% $ 20,000 2.55% Term loan facilities: Chang Hwa Bank Credit Facility due October 15, 2026 $ — 1.68% $ — 1.55% CTBC Term Loan Facility, due June 4, 2030 $ — 1.33% $ — 1.20% 2021 CTBC Credit Lines, due August 15, 2026 $ — 1.53% $ — 1.40% 2021 E.SUN Bank Credit Facility, due September 15, 2026 $ — 1.87% $ 7,734 1.75% 2022 ESUN Bank Credit Facility, due August 15, 2027 $ — 1.87% $ — 1.75% Mega Bank Credit Facility, due September 15, 2026 $ — 1.52% - 1.72% $ — 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 nine months ended March 31, 2024 with the following terms: CTBC Bank 2024 CTBC Bank Credit Lines On February 16, 2024 (the “Effective Date”), the Company's Taiwan subsidiary entered into a new general agreement for omnibus credit lines with CTBC Bank. This agreement (which changed arrangements which had been entered into with CTBC Bank in September 2023), increased the aggregate total borrowings under the various individual credit arrangements with CTBC Bank from $105.0 million to $185.0 million. The credit arrangements under such general agreement now include the previous 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”), (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 (iv) an import o/a loan line of credit of up to $80.0 million available through August 31, 2024 (the “Incremental Import Line,” and, together with the NTD Short Term Loan/Guarantee Line, the USD Short Term Loan Line, and the Export/Import Line, the “Increased CTBC Credit Lines”). Aggregate borrowings under all the Increased CTBC Credit Lines is subject to a cap of $185.0 million. Interest rates under each of the individual Increased 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 continue to be secured by certain of the Company's Taiwan subsidiary’s assets, including certain property, land, and plant. The tenor of the Incremental Import Line provides for availability until August 31, 2024 with a final drawdown date of October 30, 2024. Such Incremental Import Line, which is reviewed quarterly for cancellation by the CTBC Bank, is also subject to an average usage requirement and fee for retaining the underutilized portion of such line. 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 the Taiwan subsidiary and prohibit secondary mortgages on certain assets securing various of the Increased CTBC Credit Lines. The Increased 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. The Company's Taiwan subsidiary intends to use borrowings under the Increased CTBC Credit Lines in connection with financing of eligible accounts receivable and accounts payable (vendor invoices). As of March 31, 2024, the outstanding borrowings under the 2024 CTBC Bank Credit Lines were $25.0 million. The interest rate for these loans were 1.94% - 6.26% per annum as of March 31, 2024. 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 March 31, 2024, the outstanding borrowings under HSBC Bank Credit Lines were $8.2 million. The interest rates for these loans were 2.03% - 6.37% per annum as of March 31, 2024. Principal payments on lines of credit and term loans are due as follows (in thousands): Fiscal Year Principal Payments Remainder of 2024 $ 50,690 2025 41,169 2026 41,169 2027 17,886 2028 6,033 2029 and thereafter 10,265 Total lines of credit and term loans $ 167,212 The Company is in compliance with all the covenants for the outstanding loans. 2029 Convertible Notes In February 2024, the Company issued $1,725.0 million aggregate principal amount of Convertible Notes. The Company received net proceeds from the offering of approximately $1,695.8 million. The Company used approximately $142.1 million of the net proceeds to fund the cost of entering into the Capped Call Transactions described below. The Convertible Notes will mature on March 1, 2029. The Convertible Notes do not bear regular interest, and the principal amount of the Convertible Notes do not accrete. The Convertible Notes are convertible into cash, shares of the Company’s common stock, or a combination of cash and shares of common stock, at the Company’s election, at an initial conversion rate of 0.7455 shares of common stock per $1,000 principal amount of Convertible Notes, which is equivalent to an initial conversion price of $1,341.38 per share of common stock. The conversion rate is subject to customary adjustments for certain events as described in the indenture governing the Convertible Notes (the "Indenture"). Special interest and additional interest will accrue on the Convertible Notes in the circumstances and at the rates described in the Indenture. The debt issuance costs are amortized to interest expense. The Convertible Notes do not contain financial maintenance covenants. Holders may convert their Convertible Notes at their option only in the following circumstances: (1) during any calendar quarter commencing after the calendar quarter ending on June 30, 2024, if the last reported sale price per share of the Company’s common stock exceeds 130% of the conversion price for each of at least 20 trading days during the 30 consecutive trading days ending on, and including, the last trading day of the immediately preceding calendar quarter; (2) during the five consecutive business days immediately after any five consecutive trading day period (such five consecutive trading day period, the “measurement period”) in which the trading price per $1,000 principal amount of notes for each trading day of the measurement period was less than 98% of the product of the last reported sale price per share of Company’s common stock on such trading day and the conversion rate on such trading day; (3) upon the occurrence of certain corporate events or distributions on the Company’s common stock, as described in the Indenture; (4) if the Company calls such notes for redemption; and (5) at any time from, and including, September 1, 2028 until the close of business on the second scheduled trading day immediately before the maturity date. If the Company undergoes a fundamental change (as defined in the Indenture), subject to certain conditions, holders may require the Company to repurchase for cash all or any portion of their Convertible Notes, at a fundamental change repurchase price equal to 100% of the principal amount of the Convertible Notes to be repurchased, plus any accrued and unpaid special interest and additional interest, if any, up to, but excluding, the fundamental change repurchase date. In addition, following certain corporate events or if the Company issues a notice of redemption, it will, under certain circumstances, increase the conversion rate for holders who elect to convert their Convertible Notes in connection with such corporate event or during the relevant redemption period. The Convertible Notes are redeemable, in whole or in part (subject to certain limitations), for cash at the Company’s option at any time, and from time to time, on or after March 1, 2027 and on or before the 20th scheduled trading day immediately before the maturity date, but only if the last reported sale price per share of the Company’s common stock exceeds 130% of the conversion price for a specified period of time. The redemption price will be equal to the principal amount of the notes to be redeemed, plus accrued and unpaid special and additional interest, if any, to, but excluding, the redemption date. The Convertible Notes have customary provisions relating to the occurrence of “events of default” (as defined in the Indenture). The occurrence of such events of default may result in the acceleration of all amounts due under the Convertible Notes. The Convertible Notes were not eligible for conversion as of March 31, 2024. No sinking fund is provided for the Convertible Notes. The Convertible Notes are general unsecured obligations of the Company and rank senior in right of payment to all of the Company’s existing and future indebtedness that is expressly subordinated in right of payment to the Convertible Notes; equal in right of payment with all of the Company’s existing and future senior, unsecured indebtedness; effectively subordinated to any of the Company’s existing and future secured indebtedness to the extent of the value of the collateral securing such indebtedness; and structurally subordinated to all existing and future indebtedness and other liabilities, including trade payables, and (to the extent the Company is not a holder thereof) preferred equity if any, of the Company’s current or future subsidiaries. As of March 31, 2024, none of the conditions permitting the holders of the Convertible Notes to convert their notes early had been met. Therefore, the Convertible Notes are classified as long-term. The Company accounted for the issuance of the Convertible Notes as a single liability measured at its amortized cost, as no other embedded features require bifurcation and recognition as derivatives. The carrying value of the Convertible Notes, net of unamortized issuance costs of $28.7 million, was $1,696.3 million as of March 31, 2024. Interest expense related to the amortization of debt issuance costs was $0.5 million for the quarter ended March 31, 2024. The effective interest rate is 0.34%. Capped Calls In connection with the issuance of the Convertible Notes, the Company entered into privately negotiated capped call transactions (collectively, the “Capped Call Transactions”) with certain financial institutions (the “Capped Call Counterparties”). The Capped Call Transactions are expected generally to reduce the potential dilution to the Company’s common stock upon conversion of the Convertible Notes and/or offset any potential cash payments the Company is required to make in excess of the principal amount of the Convertible Notes, as the case may be, with such reduction and/or offset, in each case subject to a cap. The Capped Call Transactions have an initial strike price of $1,341.38 per share, subject to certain adjustments, which corresponds to the initial conversion price of the Convertible Notes. The cap price of the Capped Call Transactions was initially $1,951.04 per share of common stock, representing a premium of approximately 100% above the last reported sale price of $975.52 per share of common stock on February 22, 2024, and is subject to certain adjustments under the terms of the Capped Call Transactions.

Convertible Notes

Convertible Notes	9 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
Convertible Notes	and Term Loans Short-term and long-term loan obligations as of March 31, 2024 and June 30, 2023 consisted of the following (in thousands): March 31, June 30, 2024 2023 Line of credit: 2018 Bank of America Credit Facility $ — $ — 2022 Bank of America Credit Facility — — Cathay Bank Line of Credit — 131,583 2024 CTBC Credit Lines 24,994 — Chang Hwa Bank Credit Facility — — 2023 HSBC Bank Credit Lines 8,217 — 2022 E.SUN Bank Credit Facility — — Mega Bank Credit Facility 7,186 — Total line of credit 40,397 131,583 Term loan facilities: Chang Hwa Bank Credit Facility due October 15, 2026 20,178 26,853 CTBC Term Loan Facility, due June 4, 2030 33,029 38,208 2021 CTBC Credit Lines, due August 15, 2026 3,493 4,721 2021 E.SUN Bank Credit Facility, due September 15, 2026 24,995 33,513 2022 ESUN Bank Credit Facility, due August 15, 2027 13,877 16,756 Mega Bank Credit Facility, due September 15, 2026 31,243 38,668 Total term loans 126,815 158,719 Total lines of credit and term loans 167,212 290,302 Lines of credit and current portion of term loans 81,566 170,123 Term loans, non-current $ 85,646 $ 120,179 Activities under Revolving Lines of Credit and Term Loans Available borrowings and interest rates as of March 31, 2024 and June 30, 2023 consisted of the following (in thousands except for percentages): March 31, 2024 June 30, 2023 Available borrowings Interest rate Available borrowings Interest rate Line of credit: 2018 Bank of America Credit Facility $ 350,000 7.06% $ 350,000 6.57% 2022 Bank of America Credit Facility $ 20,000 6.49% $ 20,000 3.36% Cathay Bank Line of Credit $ 132,000 7.50% $ 417 7.08% 2022 CTBC Credit Lines $ — — $ 105,000 3.33% 2024 CTBC Credit Lines $ 160,006 1.94% - 6.26% $ — — Chang Hwa Bank Credit Facility $ 20,000 6.30% $ 20,000 6.58% 2023 HSBC Bank Credit Lines $ 41,783 2.03% - 6.37% $ 50,000 4.50% 2022 E.SUN Bank Credit Facility $ 30,000 6.67% $ 30,000 4.18% Mega Bank Credit Facility $ 12,814 1.90% - 1.91% $ 20,000 2.55% Term loan facilities: Chang Hwa Bank Credit Facility due October 15, 2026 $ — 1.68% $ — 1.55% CTBC Term Loan Facility, due June 4, 2030 $ — 1.33% $ — 1.20% 2021 CTBC Credit Lines, due August 15, 2026 $ — 1.53% $ — 1.40% 2021 E.SUN Bank Credit Facility, due September 15, 2026 $ — 1.87% $ 7,734 1.75% 2022 ESUN Bank Credit Facility, due August 15, 2027 $ — 1.87% $ — 1.75% Mega Bank Credit Facility, due September 15, 2026 $ — 1.52% - 1.72% $ — 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 nine months ended March 31, 2024 with the following terms: CTBC Bank 2024 CTBC Bank Credit Lines On February 16, 2024 (the “Effective Date”), the Company's Taiwan subsidiary entered into a new general agreement for omnibus credit lines with CTBC Bank. This agreement (which changed arrangements which had been entered into with CTBC Bank in September 2023), increased the aggregate total borrowings under the various individual credit arrangements with CTBC Bank from $105.0 million to $185.0 million. The credit arrangements under such general agreement now include the previous 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”), (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 (iv) an import o/a loan line of credit of up to $80.0 million available through August 31, 2024 (the “Incremental Import Line,” and, together with the NTD Short Term Loan/Guarantee Line, the USD Short Term Loan Line, and the Export/Import Line, the “Increased CTBC Credit Lines”). Aggregate borrowings under all the Increased CTBC Credit Lines is subject to a cap of $185.0 million. Interest rates under each of the individual Increased 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 continue to be secured by certain of the Company's Taiwan subsidiary’s assets, including certain property, land, and plant. The tenor of the Incremental Import Line provides for availability until August 31, 2024 with a final drawdown date of October 30, 2024. Such Incremental Import Line, which is reviewed quarterly for cancellation by the CTBC Bank, is also subject to an average usage requirement and fee for retaining the underutilized portion of such line. 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 the Taiwan subsidiary and prohibit secondary mortgages on certain assets securing various of the Increased CTBC Credit Lines. The Increased 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. The Company's Taiwan subsidiary intends to use borrowings under the Increased CTBC Credit Lines in connection with financing of eligible accounts receivable and accounts payable (vendor invoices). As of March 31, 2024, the outstanding borrowings under the 2024 CTBC Bank Credit Lines were $25.0 million. The interest rate for these loans were 1.94% - 6.26% per annum as of March 31, 2024. 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 March 31, 2024, the outstanding borrowings under HSBC Bank Credit Lines were $8.2 million. The interest rates for these loans were 2.03% - 6.37% per annum as of March 31, 2024. Principal payments on lines of credit and term loans are due as follows (in thousands): Fiscal Year Principal Payments Remainder of 2024 $ 50,690 2025 41,169 2026 41,169 2027 17,886 2028 6,033 2029 and thereafter 10,265 Total lines of credit and term loans $ 167,212 The Company is in compliance with all the covenants for the outstanding loans. 2029 Convertible Notes In February 2024, the Company issued $1,725.0 million aggregate principal amount of Convertible Notes. The Company received net proceeds from the offering of approximately $1,695.8 million. The Company used approximately $142.1 million of the net proceeds to fund the cost of entering into the Capped Call Transactions described below. The Convertible Notes will mature on March 1, 2029. The Convertible Notes do not bear regular interest, and the principal amount of the Convertible Notes do not accrete. The Convertible Notes are convertible into cash, shares of the Company’s common stock, or a combination of cash and shares of common stock, at the Company’s election, at an initial conversion rate of 0.7455 shares of common stock per $1,000 principal amount of Convertible Notes, which is equivalent to an initial conversion price of $1,341.38 per share of common stock. The conversion rate is subject to customary adjustments for certain events as described in the indenture governing the Convertible Notes (the "Indenture"). Special interest and additional interest will accrue on the Convertible Notes in the circumstances and at the rates described in the Indenture. The debt issuance costs are amortized to interest expense. The Convertible Notes do not contain financial maintenance covenants. Holders may convert their Convertible Notes at their option only in the following circumstances: (1) during any calendar quarter commencing after the calendar quarter ending on June 30, 2024, if the last reported sale price per share of the Company’s common stock exceeds 130% of the conversion price for each of at least 20 trading days during the 30 consecutive trading days ending on, and including, the last trading day of the immediately preceding calendar quarter; (2) during the five consecutive business days immediately after any five consecutive trading day period (such five consecutive trading day period, the “measurement period”) in which the trading price per $1,000 principal amount of notes for each trading day of the measurement period was less than 98% of the product of the last reported sale price per share of Company’s common stock on such trading day and the conversion rate on such trading day; (3) upon the occurrence of certain corporate events or distributions on the Company’s common stock, as described in the Indenture; (4) if the Company calls such notes for redemption; and (5) at any time from, and including, September 1, 2028 until the close of business on the second scheduled trading day immediately before the maturity date. If the Company undergoes a fundamental change (as defined in the Indenture), subject to certain conditions, holders may require the Company to repurchase for cash all or any portion of their Convertible Notes, at a fundamental change repurchase price equal to 100% of the principal amount of the Convertible Notes to be repurchased, plus any accrued and unpaid special interest and additional interest, if any, up to, but excluding, the fundamental change repurchase date. In addition, following certain corporate events or if the Company issues a notice of redemption, it will, under certain circumstances, increase the conversion rate for holders who elect to convert their Convertible Notes in connection with such corporate event or during the relevant redemption period. The Convertible Notes are redeemable, in whole or in part (subject to certain limitations), for cash at the Company’s option at any time, and from time to time, on or after March 1, 2027 and on or before the 20th scheduled trading day immediately before the maturity date, but only if the last reported sale price per share of the Company’s common stock exceeds 130% of the conversion price for a specified period of time. The redemption price will be equal to the principal amount of the notes to be redeemed, plus accrued and unpaid special and additional interest, if any, to, but excluding, the redemption date. The Convertible Notes have customary provisions relating to the occurrence of “events of default” (as defined in the Indenture). The occurrence of such events of default may result in the acceleration of all amounts due under the Convertible Notes. The Convertible Notes were not eligible for conversion as of March 31, 2024. No sinking fund is provided for the Convertible Notes. The Convertible Notes are general unsecured obligations of the Company and rank senior in right of payment to all of the Company’s existing and future indebtedness that is expressly subordinated in right of payment to the Convertible Notes; equal in right of payment with all of the Company’s existing and future senior, unsecured indebtedness; effectively subordinated to any of the Company’s existing and future secured indebtedness to the extent of the value of the collateral securing such indebtedness; and structurally subordinated to all existing and future indebtedness and other liabilities, including trade payables, and (to the extent the Company is not a holder thereof) preferred equity if any, of the Company’s current or future subsidiaries. As of March 31, 2024, none of the conditions permitting the holders of the Convertible Notes to convert their notes early had been met. Therefore, the Convertible Notes are classified as long-term. The Company accounted for the issuance of the Convertible Notes as a single liability measured at its amortized cost, as no other embedded features require bifurcation and recognition as derivatives. The carrying value of the Convertible Notes, net of unamortized issuance costs of $28.7 million, was $1,696.3 million as of March 31, 2024. Interest expense related to the amortization of debt issuance costs was $0.5 million for the quarter ended March 31, 2024. The effective interest rate is 0.34%. Capped Calls In connection with the issuance of the Convertible Notes, the Company entered into privately negotiated capped call transactions (collectively, the “Capped Call Transactions”) with certain financial institutions (the “Capped Call Counterparties”). The Capped Call Transactions are expected generally to reduce the potential dilution to the Company’s common stock upon conversion of the Convertible Notes and/or offset any potential cash payments the Company is required to make in excess of the principal amount of the Convertible Notes, as the case may be, with such reduction and/or offset, in each case subject to a cap. The Capped Call Transactions have an initial strike price of $1,341.38 per share, subject to certain adjustments, which corresponds to the initial conversion price of the Convertible Notes. The cap price of the Capped Call Transactions was initially $1,951.04 per share of common stock, representing a premium of approximately 100% above the last reported sale price of $975.52 per share of common stock on February 22, 2024, and is subject to certain adjustments under the terms of the Capped Call Transactions.

Leases

Leases	9 Months Ended
	Mar. 31, 2024
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 nine months ended March 31, 2024 and 2023 were as follows (in thousands): Three Months Ended Nine Months Ended 2024 2023 2024 2023 Operating lease expense (including expense for lease agreements with related parties of $86 and $139 for the three months ended March 31, 2024 and 2023, respectively, and $363 and $422 for the nine months ended March 31, 2024 and 2023, respectively) $ 2,538 $ 2,129 $ 7,076 $ 6,354 Cash payments for operating leases (including payments to related parties of $75 and $134 for the three months ended March 31, 2024 and 2023, respectively, and $333 and $391 for the nine months ended March 31, 2024 and 2023, respectively) $ 2,469 $ 2,146 $ 6,756 $ 6,209 New operating lease assets obtained in exchange for operating lease liabilities $ 22,301 $ 655 $ 24,140 $ 1,679 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 commenced lease payments and accepted the premises, which it is utilizing as warehouse space, in March 2024. Aggregate payment under the lease is approximately $0.3 million per month, subject to an annual increase of 3%. On February 9, 2024, the Company consummated the purchase of certain real estate for $80.0 million in San Jose, California. Such purchased real estate was previously under lease, leading to the de-recognition of the related ROU asset of $7.9 million and lease liability of $8.3 million. During the three and nine months ended March 31, 2024 and 2023, 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 nine months ended March 31, 2024 were $0.6 million and $1.6 million, respectively. Non-lease variable payments expensed in the three and nine months ended March 31, 2023 were $0.5 million and $1.3 million, respectively. As of March 31, 2024, the weighted average remaining lease term for operating leases was 4.8 years and the weighted average discount rate was 5.0%. Maturities of operating lease liabilities under noncancelable operating lease arrangements as of March 31, 2024 were as follows (in thousands): Fiscal Year: Maturities of operating leases Remainder of 2024 $ 2,165 2025 10,692 2026 7,628 2027 6,013 2028 5,001 2029 and beyond 9,139 Total future lease payments 40,638 Less: Imputed interest (4,215) Present value of operating lease liabilities $ 36,423 The Company has entered into lease agreements with related parties. See Part I, Item 1, Note 9, “Related Party Transactions,” for a further discussion.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Mar. 31, 2024
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 March 31, 2024. 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 95.2% and 96.3% of the chassis included in the products sold by the Company during the three months ended March 31, 2024 and 2023, respectively, and 92.7% and 93.0% of the chassis included in the products sold by the Company during the nine months ended March 31, 2024 and 2023, 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 March 31, 2024 were $113.7 million and $48.4 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 March 31, 2024 were $147.7 million and $52.1 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 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. The carrying value of the equity investment in the corporate venture was $5.1 million and $2.0 million as of March 31, 2024 and June 30, 2023, respectively. The Company does not believe that the equity investment carrying value is impaired as of March 31, 2024 and June 30, 2023. No impairment charge was recorded for the three and nine months ended March 31, 2024 and 2023. The Company sold products worth $4.3 million and $6.4 million to the Corporate Venture during the three months ended March 31, 2024 and 2023, respectively, and $16.5 million and $23.6 million to the Corporate Venture during the nine months ended March 31, 2024 and 2023, respectively. The Company’s share of intra-entity profits on the products that remained unsold by the Corporate Venture as of March 31, 2024 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 $0.8 million and $1.9 million due from the Corporate Venture in accounts receivable, net as of March 31, 2024 and June 30, 2023, respectively. The Company had the following balances related to transactions with its related parties as of March 31, 2024 and June 30, 2023 (in thousands): Ablecom Compuware Corporate Venture Total March 31, 2024 June 30, 2023 March 31, 2024 June 30, 2023 March 31, 2024 June 30, 2023 March 31, 2024 June 30, 2023 Accounts receivable $ 3 $ 2 $ 268 $ 3,528 $ 839 $ 1,943 $ 1,110 $ 5,473 Other receivable (1) $ 1,819 $ 2,841 $ 28,430 $ 24,891 $ — $ — $ 30,249 $ 27,732 Accounts payable $ 54,191 $ 35,711 $ 48,391 $ 53,423 $ — $ — $ 102,582 $ 89,134 Accrued liabilities (2) $ 692 $ 1,230 $ 18,106 $ 12,787 $ — $ — $ 18,798 $ 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 March 31, 2024 and 2023, are as follows (in thousands): Ablecom Compuware Corporate Venture Total Three months ended March 31, Three months ended March 31, Three months ended March 31, Three months ended March 31, 2024 2023 2024 2023 2024 2023 2024 2023 Net sales $ 2 $ 2 $ 21,501 $ 2,826 $ 4,301 $ 6,360 $ 25,804 $ 9,188 Purchases - inventory $ 65,933 $ 33,637 $ 64,464 $ 54,095 $ — $ — $ 130,397 $ 87,732 Purchases - other miscellaneous items $ 4,401 $ 2,329 $ 343 $ 541 $ — $ — $ 4,744 $ 2,870 The Company’s results from transactions with its related parties for each of the nine months ended March 31, 2024 and 2023, are as follows (in thousands): Ablecom Compuware Corporate Venture Total Nine months ended March 31, Nine months ended March 31, Nine months ended March 31, Nine months ended March 31, 2024 2023 2024 2023 2024 2023 2024 2023 Net sales $ 8 $ 6 $ 42,498 $ 30,699 $ 16,474 $ 23,611 $ 58,980 $ 54,316 Purchases - inventory $ 163,131 $ 128,198 $ 192,817 $ 154,812 $ — $ — $ 355,948 $ 283,010 Purchases - other miscellaneous items $ 12,616 $ 9,855 $ 1,092 $ 1,078 $ — $ — $ 13,708 $ 10,933 The Company’s cash flow impact from transactions with its related parties for each of the nine months ended March 31, 2024 and 2023, are as follows (in thousands): Ablecom Compuware Corporate Venture Total Nine months ended March 31, Nine months ended March 31, Nine months ended March 31, Nine months ended March 31, 2024 2023 2024 2023 2024 2023 2024 2023 Changes in accounts receivable $ (1) $ — $ 3,260 $ 293 $ 1,104 $ 6,074 $ 4,363 $ 6,367 Changes in other receivable $ 1,022 $ 627 $ (3,539) $ (9,200) $ — $ — $ (2,517) $ (8,573) Changes in accounts payable $ 18,480 $ (14,094) $ (5,032) $ 2,852 $ — $ — $ 13,448 $ (11,242) Changes in accrued liabilities $ (538) $ (1,734) $ 5,319 $ 1,410 $ — $ — $ 4,781 $ (324) Changes in other long-term liabilities $ — $ — $ (178) $ (241) $ — $ — $ (178) $ (241) Purchases of property, plant and equipment $ 8,935 $ 6,129 $ 197 $ 196 $ — $ — $ 9,132 $ 6,325 Unpaid property, plant and equipment $ 1,492 $ 1,369 $ — $ 22 $ — $ — $ 1,492 $ 1,391

Stock-based Compensation and St

Stock-based Compensation and Stockholders' Equity	9 Months Ended
	Mar. 31, 2024
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 March 31, 2024, the Company had 1,668,086 authorized shares available for future issuance under the 2020 Plan. Offerings 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. On March 22, 2024, the Company completed a public offering of 2,000,000 shares of the Company's common stock at $875.00 per share. The Company received net proceeds of $1,731.5 million, after deducting underwriting discounts and commissions and offering expenses payable by the Company. 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 nine months ended March 31, 2024. 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 nine months ended March 31, 2024 and 2023 was estimated on the date of grant using the Black-Scholes option pricing model with the following assumptions: Three Months Ended Nine Months Ended 2024 2023 2024 2023 Risk-free interest rate 4.01% - 4.09% 3.52% 4.01% - 4.78% 2.81% - 4.25% Expected term 3.00 years - 5.99 years 6.07 years 3.00 years - 5.99 years 6.07 years Dividend yield —% —% —% —% Volatility 59.74% - 64.55% 51.61% 56.87% - 64.55% 50.62% - 51.68% Weighted-average fair value of options $290.08 $41.50 $205.79 $35.06 The following table shows total stock-based compensation expense included in the condensed consolidated statements of operations for the three and nine months ended March 31, 2024 and 2023 (in thousands): Three Months Ended Nine Months Ended 2024 2023 2024 2023 Cost of sales $ 3,221 $ 1,215 $ 12,680 $ 3,585 Research and development 24,856 8,097 86,005 23,549 Sales and marketing 4,993 1,214 14,998 3,471 General and administrative 23,037 3,126 42,864 11,042 Stock-based compensation expense before taxes 56,107 13,652 156,547 41,647 Income tax impact (47,023) (3,444) (72,641) (8,165) Stock-based compensation expense, net $ 9,084 $ 10,208 $ 83,906 $ 33,482 As of March 31, 2024, $95.9 million of unrecognized compensation cost related to stock options is expected to be recognized over a weighted-average period of 3.25 years and $309.0 million of unrecognized compensation cost related to unvested RSUs is expected to be recognized over a weighted-average period of 2.72 years. As described below, there is no unrecognized compensation cost related to the 2021 CEO Performance Stock Option as of March 31, 2024. Additionally, $36.9 million of unrecognized compensation cost related to the 2023 CEO Performance Stock Option is expected to be recognized over a period of 2.5 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”). As of March 31, 2024, the 2021 CEO Performance Stock Option had fully vested based upon achievement of operational and stock price milestones 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 $120 Achieved (5) (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) The vesting of the fifth 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 February 2024. During the three and nine months ended March 31, 2024, the Company recognized compensation expense related to the 2021 CEO Performance Stock Option of $0.0 million and $0.7 million, respectively. During the three and nine months ended March 31, 2023, the Company recognized compensation expense related to the 2021 CEO Performance Stock Option of $0.5 million and $3.8 million, respectively. As of March 31, 2024 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 March 31, 2024 was as follows: Annualized Revenue Milestone (in billions) (1) Achievement Status Stock Price Milestone (1) Achievement Status $13.0 Probable $450 Achieved (2) $15.0 Probable $600 Achieved (3) $17.0 Probable $750 Achieved (4) $19.0 Probable $900 Achieved (5) $21.0 Not Probable $1,100 Not met (1) Under the terms of the 2023 CEO Performance Stock Option, the annualized revenue milestones and stock price milestones set forth in the table above must be achieved by December 31, 2028 and March 31, 2029, respectively. (2) On March 2, 2024, the Compensation Committee certified achievement of the $450 stock price milestone based upon the 60 trading day average stock price from November 29, 2023 through February 26, 2024. (3) On April 1, 2024, the Compensation Committee certified achievement of the $600 stock price milestone based upon the 60 trading day average stock price from December 15, 2023 through March 13, 2024. (4) On April 1, 2024, the Compensation Committee certified achievement of the $750 stock price milestone based upon the 60 trading day average stock price from January 4, 2024 through April 1, 2024. (5) The 60 trading day average stock price from January 31, 2024 through April 25, 2024 was $903.10. Achievement of the $900 stock price milestone has not yet been certified by the Company’s Compensation Committee. During the three and nine months ended March 31, 2024, the Company recognized compensation expense related to the 2023 CEO Performance Stock Option of $16.9 million and $19.4 million, respectively. As of March 31, 2024, the Company had $36.9 million in unrecognized compensation cost related to the 2023 CEO Performance Stock Option. The unrecognized compensation cost as of March 31, 2024 is expected to be recognized over a period of 2.5 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, using a Monte Carlo simulation, 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 nine months ended March 31, 2024 under all plans: Options Weighted Weighted Balance as of June 30, 2023 3,302,533 $ 40.47 Granted 953,005 $ 404.50 Exercised (778,310) $ 32.54 Forfeited/Cancelled (10,874) $ 129.36 Balance as of March 31, 2024 3,466,354 $ 142.08 7.17 Options vested and exercisable at March 31, 2024 1,914,265 $ 40.26 5.67 RSU Activity The following table summarizes RSU activity during the nine months ended March 31, 2024 under all plans: Time-Based RSUs Weighted Balance as of June 30, 2023 2,042,986 $ 55.94 Granted 955,912 $ 346.51 Released (802,450) $ 112.25 Forfeited (66,515) $ 137.91 Balance as of March 31, 2024 2,129,933 $ 162.57

Income Taxes

Income Taxes	9 Months Ended
	Mar. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company recorded a benefit for income taxes of $20.0 million for the three months and a provision of $61.7 million for the nine months ended March 31, 2024, respectively. The Company recorded a provision for income taxes of $10.9 million and $79.4 million for the three and nine months ended March 31, 2023, respectively. The effective tax rate was (5.2)% and 6.7% for the three and nine months ended March 31, 2024, respectively, and 11.1% and 15.0% for the three and nine months ended March 31, 2023, respectively. The effective tax rate for both the three and nine months ended March 31, 2024 is lower than that for the three and nine months ended March 31, 2023, primarily due to significant increase in the stock-based compensation tax deduction, and research and development tax credits. 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	9 Months Ended
	Mar. 31, 2024
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 March 31, 2024 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 March 31, 2024, these remaining noncancelable commitments were $2.9 billion, including $100.4 million for related parties.

Segment Reporting

Segment Reporting	9 Months Ended
	Mar. 31, 2024
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): March 31, June 30, 2024 2023 Long-lived assets: United States $ 265,341 $ 183,485 Asia 117,785 104,094 Europe 2,440 2,661 $ 385,566 $ 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	9 Months Ended
	Mar. 31, 2024
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On April 17, 2024, the Company’s Taiwan subsidiary renewed its credit agreement with Mega Bank, which increases the credit limit from $20 million to $50 million. This new loan is interest bearing, unsecured and the Company is not serving as a guarantor. On April 19, 2024, the Company’s Taiwan subsidiary entered into a credit agreement with E.SUN Bank which is valid from March 14, 2024, to March 14, 2025. This includes a $60 million Import and Export Trade Facility which is unsecured, interest bearing and not guaranteed by the Company. On April 26, 2024, the Company’s Taiwan subsidiary entered into a new credit facility with Chang Hwa Bank, updating its previous terms from October 2021 to include a combined credit limit of $20 million and an additional NTD300 million. This facility is unsecured, interest bearing and not guaranteed by the Company. On April 26, 2024, the Company's Taiwan subsidiary entered into a $30 million loan agreement with First Commercial Bank Co., Ltd. This revolving loan is valid from February 17, 2024, to February 17, 2025, interest bearing and unsecured. The Company does not act as a guarantor for this loan.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net income	$ 402,459	$ 85,846	$ 855,422	$ 446,429

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Mar. 31, 2024
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)	9 Months Ended
	Mar. 31, 2024
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 nine months ended March 31, 2024 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)	9 Months Ended
	Mar. 31, 2024
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 Nine Months Ended 2024 2023 2024 2023 Server and storage systems $ 3,698,446 $ 1,163,723 $ 9,100,616 $ 4,537,710 Subsystems and accessories 151,620 119,573 534,046 400,911 Total $ 3,850,066 $ 1,283,296 $ 9,634,662 $ 4,938,621 Three Months Ended Nine Months Ended 2024 2023 2024 2023 United States $ 2,685,213 $ 785,548 $ 6,910,312 $ 3,172,444 Asia 764,614 214,363 1,646,302 815,098 Europe 297,653 228,531 776,949 776,138 Other 102,586 54,854 301,099 174,941 Total $ 3,850,066 $ 1,283,296 $ 9,634,662 $ 4,938,621

Net Income Per Common Share (Ta

Net Income Per Common Share (Tables)	9 Months Ended
	Mar. 31, 2024
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 nine months ended March 31, 2024 and 2023 (in thousands, except per share amounts): Three Months Ended Nine Months Ended 2024 2023 2024 2023 Numerator: Net income - basic $ 402,459 $ 85,846 $ 855,422 $ 446,429 Convertible notes interest charge, net of tax 385 — 385 — Net income - diluted $ 402,844 $ 85,846 $ 855,807 $ 446,429 Denominator: Weighted-average shares outstanding - basic 56,478 53,280 54,562 53,011 Effect of dilutive convertible notes 471 — 155 — Effect of dilutive securities 4,482 2,953 4,172 2,785 Weighted-average shares outstanding - diluted 61,431 56,233 58,889 55,796 Net income per common share - basic $ 7.13 $ 1.61 $ 15.68 $ 8.42 Net income per common share - diluted $ 6.56 $ 1.53 $ 14.53 $ 8.00

Balance Sheet Components (Table

Balance Sheet Components (Tables)	9 Months Ended
	Mar. 31, 2024
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: March 31, 2024 June 30, 2023 Cash and cash equivalents $ 2,115,476 $ 440,459 Restricted cash included in other assets 506 501 Total cash, cash equivalents and restricted cash $ 2,115,982 $ 440,960
Schedule of Inventories	Inventories: March 31, 2024 June 30, 2023 Finished goods $ 2,984,698 $ 1,045,177 Work in process 640,525 71,874 Purchased parts and raw materials 499,364 328,513 Total inventories $ 4,124,587 $ 1,445,564
Schedule of Property, Plant, and Equipment	Property, Plant, and Equipment: March 31, 2024 June 30, 2023 Land $ 149,394 $ 86,642 Buildings 163,510 143,496 Machinery and equipment 145,549 130,151 Building and leasehold improvements 65,185 59,634 Furniture and fixtures 40,429 36,303 Software 23,935 23,098 Building construction in progress 6,432 303 594,434 479,627 Accumulated depreciation and amortization (208,868) (189,387) Property, plant and equipment, net $ 385,566 $ 290,240
Schedule of Accrued Liabilities	Accrued Liabilities: March 31, 2024 June 30, 2023 Customer deposits $ 73,786 $ 16,577 Accrued payroll and related expenses 54,745 53,439 Contract manufacturers liabilities 27,496 23,634 Accrued cooperative marketing expenses 13,536 9,744 Accrued warranty costs 10,028 9,079 Operating lease liability 8,154 7,292 Other 102,625 44,100 Total accrued liabilities $ 290,370 $ 163,865
Schedule of Product Warranties	Product Warranties: Three Months Ended Nine Months Ended 2024 2023 2024 2023 Balance, beginning of the period $ 16,616 $ 13,276 $ 14,859 $ 12,136 Provision for warranty 13,176 9,419 36,220 26,969 Costs utilized (12,423) (8,100) (33,813) (25,126) Change in estimated liability for pre-existing warranties 273 377 376 993 Balance, end of the period 17,642 14,972 17,642 14,972 Current portion 10,028 9,704 10,028 9,704 Non-current portion $ 7,614 $ 5,268 $ 7,614 $ 5,268

Fair Value Disclosure (Tables)

Fair Value Disclosure (Tables)	9 Months Ended
	Mar. 31, 2024
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 March 31, 2024 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): March 31, 2024 Level 1 Level 2 Level 3 Asset at Assets Money market funds (1) $ 313 $ — $ — $ 313 Certificates of deposit — 489 — 489 Investment in marketable equity security 2,652 — — 2,652 Auction rate security — — 1,843 1,843 Total assets measured at fair value $ 2,965 $ 489 $ 1,843 $ 5,297 June 30, 2023 Level 1 Level 2 Level 3 Asset at Assets Money market funds (1) $ 20,823 $ — $ — $ 20,823 Certificates of deposit — 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 March 31, 2024 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 March 31, 2024 and June 30, 2023 (in thousands): Cost Basis Gross Gross Fair Value Auction rate security $ 1,750 $ 287 $ (194) $ 1,843

Lines of Credit and Term Loans

Lines of Credit and Term Loans (Tables)	9 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
Schedule of Short-term and Long-term Debt Obligations	Short-term and long-term loan obligations as of March 31, 2024 and June 30, 2023 consisted of the following (in thousands): March 31, June 30, 2024 2023 Line of credit: 2018 Bank of America Credit Facility $ — $ — 2022 Bank of America Credit Facility — — Cathay Bank Line of Credit — 131,583 2024 CTBC Credit Lines 24,994 — Chang Hwa Bank Credit Facility — — 2023 HSBC Bank Credit Lines 8,217 — 2022 E.SUN Bank Credit Facility — — Mega Bank Credit Facility 7,186 — Total line of credit 40,397 131,583 Term loan facilities: Chang Hwa Bank Credit Facility due October 15, 2026 20,178 26,853 CTBC Term Loan Facility, due June 4, 2030 33,029 38,208 2021 CTBC Credit Lines, due August 15, 2026 3,493 4,721 2021 E.SUN Bank Credit Facility, due September 15, 2026 24,995 33,513 2022 ESUN Bank Credit Facility, due August 15, 2027 13,877 16,756 Mega Bank Credit Facility, due September 15, 2026 31,243 38,668 Total term loans 126,815 158,719 Total lines of credit and term loans 167,212 290,302 Lines of credit and current portion of term loans 81,566 170,123 Term loans, non-current $ 85,646 $ 120,179 Activities under Revolving Lines of Credit and Term Loans Available borrowings and interest rates as of March 31, 2024 and June 30, 2023 consisted of the following (in thousands except for percentages): March 31, 2024 June 30, 2023 Available borrowings Interest rate Available borrowings Interest rate Line of credit: 2018 Bank of America Credit Facility $ 350,000 7.06% $ 350,000 6.57% 2022 Bank of America Credit Facility $ 20,000 6.49% $ 20,000 3.36% Cathay Bank Line of Credit $ 132,000 7.50% $ 417 7.08% 2022 CTBC Credit Lines $ — — $ 105,000 3.33% 2024 CTBC Credit Lines $ 160,006 1.94% - 6.26% $ — — Chang Hwa Bank Credit Facility $ 20,000 6.30% $ 20,000 6.58% 2023 HSBC Bank Credit Lines $ 41,783 2.03% - 6.37% $ 50,000 4.50% 2022 E.SUN Bank Credit Facility $ 30,000 6.67% $ 30,000 4.18% Mega Bank Credit Facility $ 12,814 1.90% - 1.91% $ 20,000 2.55% Term loan facilities: Chang Hwa Bank Credit Facility due October 15, 2026 $ — 1.68% $ — 1.55% CTBC Term Loan Facility, due June 4, 2030 $ — 1.33% $ — 1.20% 2021 CTBC Credit Lines, due August 15, 2026 $ — 1.53% $ — 1.40% 2021 E.SUN Bank Credit Facility, due September 15, 2026 $ — 1.87% $ 7,734 1.75% 2022 ESUN Bank Credit Facility, due August 15, 2027 $ — 1.87% $ — 1.75% Mega Bank Credit Facility, due September 15, 2026 $ — 1.52% - 1.72% $ — 1.40% - 1.60%
Schedule of Maturities of Short-term and Long-term Debt Obligations	Principal payments on lines of credit and term loans are due as follows (in thousands): Fiscal Year Principal Payments Remainder of 2024 $ 50,690 2025 41,169 2026 41,169 2027 17,886 2028 6,033 2029 and thereafter 10,265 Total lines of credit and term loans $ 167,212

Leases (Tables)

Leases (Tables)	9 Months Ended
	Mar. 31, 2024
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 nine months ended March 31, 2024 and 2023 were as follows (in thousands): Three Months Ended Nine Months Ended 2024 2023 2024 2023 Operating lease expense (including expense for lease agreements with related parties of $86 and $139 for the three months ended March 31, 2024 and 2023, respectively, and $363 and $422 for the nine months ended March 31, 2024 and 2023, respectively) $ 2,538 $ 2,129 $ 7,076 $ 6,354 Cash payments for operating leases (including payments to related parties of $75 and $134 for the three months ended March 31, 2024 and 2023, respectively, and $333 and $391 for the nine months ended March 31, 2024 and 2023, respectively) $ 2,469 $ 2,146 $ 6,756 $ 6,209 New operating lease assets obtained in exchange for operating lease liabilities $ 22,301 $ 655 $ 24,140 $ 1,679
Schedule of Future Minimum Lease Payments Under Noncancelable Operating Lease Arrangements	Maturities of operating lease liabilities under noncancelable operating lease arrangements as of March 31, 2024 were as follows (in thousands): Fiscal Year: Maturities of operating leases Remainder of 2024 $ 2,165 2025 10,692 2026 7,628 2027 6,013 2028 5,001 2029 and beyond 9,139 Total future lease payments 40,638 Less: Imputed interest (4,215) Present value of operating lease liabilities $ 36,423

Related Party Transactions (Tab

Related Party Transactions (Tables)	9 Months Ended
	Mar. 31, 2024
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	The Company had the following balances related to transactions with its related parties as of March 31, 2024 and June 30, 2023 (in thousands): Ablecom Compuware Corporate Venture Total March 31, 2024 June 30, 2023 March 31, 2024 June 30, 2023 March 31, 2024 June 30, 2023 March 31, 2024 June 30, 2023 Accounts receivable $ 3 $ 2 $ 268 $ 3,528 $ 839 $ 1,943 $ 1,110 $ 5,473 Other receivable (1) $ 1,819 $ 2,841 $ 28,430 $ 24,891 $ — $ — $ 30,249 $ 27,732 Accounts payable $ 54,191 $ 35,711 $ 48,391 $ 53,423 $ — $ — $ 102,582 $ 89,134 Accrued liabilities (2) $ 692 $ 1,230 $ 18,106 $ 12,787 $ — $ — $ 18,798 $ 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 March 31, 2024 and 2023, are as follows (in thousands): Ablecom Compuware Corporate Venture Total Three months ended March 31, Three months ended March 31, Three months ended March 31, Three months ended March 31, 2024 2023 2024 2023 2024 2023 2024 2023 Net sales $ 2 $ 2 $ 21,501 $ 2,826 $ 4,301 $ 6,360 $ 25,804 $ 9,188 Purchases - inventory $ 65,933 $ 33,637 $ 64,464 $ 54,095 $ — $ — $ 130,397 $ 87,732 Purchases - other miscellaneous items $ 4,401 $ 2,329 $ 343 $ 541 $ — $ — $ 4,744 $ 2,870 The Company’s results from transactions with its related parties for each of the nine months ended March 31, 2024 and 2023, are as follows (in thousands): Ablecom Compuware Corporate Venture Total Nine months ended March 31, Nine months ended March 31, Nine months ended March 31, Nine months ended March 31, 2024 2023 2024 2023 2024 2023 2024 2023 Net sales $ 8 $ 6 $ 42,498 $ 30,699 $ 16,474 $ 23,611 $ 58,980 $ 54,316 Purchases - inventory $ 163,131 $ 128,198 $ 192,817 $ 154,812 $ — $ — $ 355,948 $ 283,010 Purchases - other miscellaneous items $ 12,616 $ 9,855 $ 1,092 $ 1,078 $ — $ — $ 13,708 $ 10,933 The Company’s cash flow impact from transactions with its related parties for each of the nine months ended March 31, 2024 and 2023, are as follows (in thousands): Ablecom Compuware Corporate Venture Total Nine months ended March 31, Nine months ended March 31, Nine months ended March 31, Nine months ended March 31, 2024 2023 2024 2023 2024 2023 2024 2023 Changes in accounts receivable $ (1) $ — $ 3,260 $ 293 $ 1,104 $ 6,074 $ 4,363 $ 6,367 Changes in other receivable $ 1,022 $ 627 $ (3,539) $ (9,200) $ — $ — $ (2,517) $ (8,573) Changes in accounts payable $ 18,480 $ (14,094) $ (5,032) $ 2,852 $ — $ — $ 13,448 $ (11,242) Changes in accrued liabilities $ (538) $ (1,734) $ 5,319 $ 1,410 $ — $ — $ 4,781 $ (324) Changes in other long-term liabilities $ — $ — $ (178) $ (241) $ — $ — $ (178) $ (241) Purchases of property, plant and equipment $ 8,935 $ 6,129 $ 197 $ 196 $ — $ — $ 9,132 $ 6,325 Unpaid property, plant and equipment $ 1,492 $ 1,369 $ — $ 22 $ — $ — $ 1,492 $ 1,391

Stock-based Compensation and _2

Stock-based Compensation and Stockholders' Equity (Tables)	9 Months Ended
	Mar. 31, 2024
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 nine months ended March 31, 2024 and 2023 was estimated on the date of grant using the Black-Scholes option pricing model with the following assumptions: Three Months Ended Nine Months Ended 2024 2023 2024 2023 Risk-free interest rate 4.01% - 4.09% 3.52% 4.01% - 4.78% 2.81% - 4.25% Expected term 3.00 years - 5.99 years 6.07 years 3.00 years - 5.99 years 6.07 years Dividend yield —% —% —% —% Volatility 59.74% - 64.55% 51.61% 56.87% - 64.55% 50.62% - 51.68% Weighted-average fair value of options $290.08 $41.50 $205.79 $35.06
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 nine months ended March 31, 2024 and 2023 (in thousands): Three Months Ended Nine Months Ended 2024 2023 2024 2023 Cost of sales $ 3,221 $ 1,215 $ 12,680 $ 3,585 Research and development 24,856 8,097 86,005 23,549 Sales and marketing 4,993 1,214 14,998 3,471 General and administrative 23,037 3,126 42,864 11,042 Stock-based compensation expense before taxes 56,107 13,652 156,547 41,647 Income tax impact (47,023) (3,444) (72,641) (8,165) Stock-based compensation expense, net $ 9,084 $ 10,208 $ 83,906 $ 33,482
Schedule of Operational And Stock Price Milestones	As of March 31, 2024, the 2021 CEO Performance Stock Option had fully vested based upon achievement of operational and stock price milestones 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 $120 Achieved (5) (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) The vesting of the fifth 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 February 2024. The achievement status of the operational and stock price milestones as of March 31, 2024 was as follows: Annualized Revenue Milestone (in billions) (1) Achievement Status Stock Price Milestone (1) Achievement Status $13.0 Probable $450 Achieved (2) $15.0 Probable $600 Achieved (3) $17.0 Probable $750 Achieved (4) $19.0 Probable $900 Achieved (5) $21.0 Not Probable $1,100 Not met (1) Under the terms of the 2023 CEO Performance Stock Option, the annualized revenue milestones and stock price milestones set forth in the table above must be achieved by December 31, 2028 and March 31, 2029, respectively. (2) On March 2, 2024, the Compensation Committee certified achievement of the $450 stock price milestone based upon the 60 trading day average stock price from November 29, 2023 through February 26, 2024. (3) On April 1, 2024, the Compensation Committee certified achievement of the $600 stock price milestone based upon the 60 trading day average stock price from December 15, 2023 through March 13, 2024. (4) On April 1, 2024, the Compensation Committee certified achievement of the $750 stock price milestone based upon the 60 trading day average stock price from January 4, 2024 through April 1, 2024. (5) The 60 trading day average stock price from January 31, 2024 through April 25, 2024 was $903.10. Achievement of the $900 stock price milestone has not yet been certified by the Company’s Compensation Committee.
Schedule of Stock Option Activity	The following table summarizes stock option activity during the nine months ended March 31, 2024 under all plans: Options Weighted Weighted Balance as of June 30, 2023 3,302,533 $ 40.47 Granted 953,005 $ 404.50 Exercised (778,310) $ 32.54 Forfeited/Cancelled (10,874) $ 129.36 Balance as of March 31, 2024 3,466,354 $ 142.08 7.17 Options vested and exercisable at March 31, 2024 1,914,265 $ 40.26 5.67
Schedule of Restricted Stock Unit Activity	The following table summarizes RSU activity during the nine months ended March 31, 2024 under all plans: Time-Based RSUs Weighted Balance as of June 30, 2023 2,042,986 $ 55.94 Granted 955,912 $ 346.51 Released (802,450) $ 112.25 Forfeited (66,515) $ 137.91 Balance as of March 31, 2024 2,129,933 $ 162.57

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
Summary of Property, Plant and Equipment	The following is a summary of property, plant and equipment, net (in thousands): March 31, June 30, 2024 2023 Long-lived assets: United States $ 265,341 $ 183,485 Asia 117,785 104,094 Europe 2,440 2,661 $ 385,566 $ 290,240

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details)	3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023	Jun. 30, 2023
Total purchase | Supplier concentration risk | Supplier A
Concentration Risk [Line Items]
Concentration risk percentage	69.80%	26.90%	65.80%	23.60%
Total purchase | Supplier concentration risk | Supplier B
Concentration Risk [Line Items]
Concentration risk percentage	5.10%	16.90%	7.10%	15.80%
Cost of sales | Supplier concentration risk | Ablecom And Compuware | Related Party
Concentration Risk [Line Items]
Concentration risk percentage	4%	8.30%	4.40%	7%
Accounts receivable | Customer concentration risk | Customer A
Concentration Risk [Line Items]
Concentration risk percentage		10.70%	27.90%		22.90%
Accounts receivable | Customer concentration risk | Customer E
Concentration Risk [Line Items]
Concentration risk percentage			18.10%
Accounts receivable | Customer concentration risk | Customer B
Concentration Risk [Line Items]
Concentration risk percentage			15.40%		19.30%
Accounts receivable | Customer concentration risk | Customer C
Concentration Risk [Line Items]
Concentration risk percentage				11.80%
Net Sales | Customer concentration risk | Customer A
Concentration Risk [Line Items]
Concentration risk percentage	21.20%		23.70%
Net Sales | Customer concentration risk | Customer B
Concentration Risk [Line Items]
Concentration risk percentage	16.80%

Revenue - Summary of Net Sales

Revenue - Summary of Net Sales by Product Type (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Disaggregation of Revenue [Line Items]
Net sales	$ 3,850,066	$ 1,283,296	$ 9,634,662	$ 4,938,621
Server and storage systems
Disaggregation of Revenue [Line Items]
Net sales	3,698,446	1,163,723	9,100,616	4,537,710
Subsystems and accessories
Disaggregation of Revenue [Line Items]
Net sales	$ 151,620	$ 119,573	$ 534,046	$ 400,911

Revenue - Summary of Net Sale_2

Revenue - Summary of Net Sales by Location (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Disaggregation of Revenue [Line Items]
Net sales	$ 3,850,066	$ 1,283,296	$ 9,634,662	$ 4,938,621
United States
Disaggregation of Revenue [Line Items]
Net sales	2,685,213	785,548	6,910,312	3,172,444
Asia
Disaggregation of Revenue [Line Items]
Net sales	764,614	214,363	1,646,302	815,098
Europe
Disaggregation of Revenue [Line Items]
Net sales	297,653	228,531	776,949	776,138
Other
Disaggregation of Revenue [Line Items]
Net sales	$ 102,586	$ 54,854	$ 301,099	$ 174,941

Revenue - Narrative (Details)

Revenue - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Mar. 31, 2024	Mar. 31, 2024	Mar. 31, 2023	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	$ 28,900	$ 104,100
Increase in deferred revenue		132,043	$ 76,062
Increase in deferred revenue due to non-cancellable non-refundable advance or cash consideration from customers		$ 24,700
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	Mar. 31, 2024 USD ($)
Revenue from Contract with Customer [Abstract]
Remaining revenue performance obligation, amount	$ 436.5
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining revenue performance obligation, percent to be recognized	53%
Remaining performance obligation, expected timing of satisfaction, period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-04-01
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		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Numerator:
Net income - basic	$ 402,459	$ 85,846	$ 855,422	$ 446,429
Convertible notes interest charge, net of tax	385	0	385	0
Net income - diluted	$ 402,844	$ 85,846	$ 855,807	$ 446,429
Denominator:
Weighted-average shares outstanding - basic (in shares)	56,478	53,280	54,562	53,011
Effect of dilutive convertible notes (in shares)	471	0	155	0
Effect of dilutive securities (in shares)	4,482	2,953	4,172	2,785
Weighted-average shares outstanding - diluted (in shares)	61,431	56,233	58,889	55,796
Net income per common share - basic (in dollars per share)	$ 7.13	$ 1.61	$ 15.68	$ 8.42
Net income per common share - diluted (in dollars per share)	$ 6.56	$ 1.53	$ 14.53	$ 8

Net Income Per Common Share - N

Net Income Per Common Share - Narrative (Details) - shares	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
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)	8,804,000	187,358,000	310,463,000	235,494,000

Balance Sheet Components - Sche

Balance Sheet Components - Schedule of Cash, Cash Equivalents, Restricted Cash (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022
Balance Sheet Related Disclosures [Abstract]
Cash and cash equivalents	$ 2,115,476	$ 440,459
Restricted cash included in other assets	506	501
Total cash, cash equivalents and restricted cash	$ 2,115,982	$ 440,960	$ 363,300	$ 268,559

Balance Sheet Components - Sc_2

Balance Sheet Components - Schedule of Inventories (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Jun. 30, 2023
Inventory, Net [Abstract]
Finished goods	$ 2,984,698	$ 1,045,177
Work in process	640,525	71,874
Purchased parts and raw materials	499,364	328,513
Total inventories	$ 4,124,587	$ 1,445,564

Balance Sheet Components - Sc_3

Balance Sheet Components - Schedule of Property, Plant, and Equipment (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Jun. 30, 2023
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 594,434	$ 479,627
Accumulated depreciation and amortization	(208,868)	(189,387)
Property, plant and equipment, net	385,566	290,240
Land
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	149,394	86,642
Buildings
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	163,510	143,496
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	145,549	130,151
Building and leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	65,185	59,634
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	40,429	36,303
Software
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	23,935	23,098
Building construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 6,432	$ 303

Balance Sheet Components - Sc_4

Balance Sheet Components - Schedule of Accrued Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023
Accrued Liabilities [Abstract]
Customer deposits	$ 73,786	$ 16,577
Accrued payroll and related expenses	54,745	53,439
Contract manufacturers liabilities	27,496	23,634
Accrued cooperative marketing expenses	13,536	9,744
Accrued warranty costs	10,028	9,079	$ 9,704
Operating lease liability	8,154	7,292
Other	102,625	44,100
Total accrued liabilities	$ 290,370	$ 163,865

Balance Sheet Components - Sc_5

Balance Sheet Components - Schedule of Product Warranties (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023	Jun. 30, 2023
Product Warranties:
Balance, beginning of the period	$ 16,616	$ 13,276	$ 14,859	$ 12,136
Provision for warranty	13,176	9,419	36,220	26,969
Costs utilized	(12,423)	(8,100)	(33,813)	(25,126)
Change in estimated liability for pre-existing warranties	273	377	376	993
Balance, end of the period	17,642	14,972	17,642	14,972
Total product warranty	17,642	14,972	17,642	14,972	$ 14,859
Current portion	10,028	9,704	10,028	9,704	$ 9,079
Non-current portion	$ 7,614	$ 5,268	$ 7,614	$ 5,268

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	Mar. 31, 2024	Jun. 30, 2023
Fair Value, Measurements, Recurring
Asset at Fair Value
Total assets measured at fair value	$ 5,297	$ 23,128
Level 1 | Fair Value, Measurements, Recurring
Asset at Fair Value
Total assets measured at fair value	2,965	20,823
Level 2 | Fair Value, Measurements, Recurring
Asset at Fair Value
Total assets measured at fair value	489	462
Level 3 | Fair Value, Measurements, Recurring
Asset at Fair Value
Total assets measured at fair value	1,843	1,843
Investment in marketable equity security | Fair Value, Measurements, Recurring
Asset at Fair Value
Investment in marketable equity security	2,652
Investment in marketable equity security | Level 1 | Fair Value, Measurements, Recurring
Asset at Fair Value
Investment in marketable equity security	2,652
Investment in marketable equity security | Level 2 | Fair Value, Measurements, Recurring
Asset at Fair Value
Investment in marketable equity security	0
Investment in marketable equity security | Level 3 | Fair Value, Measurements, Recurring
Asset at Fair Value
Investment in marketable equity security	0
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	313	20,823
Money Market Funds | Level 1 | Fair Value, Measurements, Recurring
Asset at Fair Value
Cash and cash equivalents	313	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 | Fair Value, Measurements, Recurring
Asset at Fair Value
Cash and cash equivalents	489	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	489	462
Certificates of Deposit | Level 3 | Fair Value, Measurements, Recurring
Asset at Fair Value
Cash and cash equivalents	$ 0	$ 0

Fair Value Disclosure - Narrati

Fair Value Disclosure - Narrative (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023	Jun. 30, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities without readily determinable fair value, amount	$ 22,600,000		$ 22,600,000		$ 1,700,000
Equity securities without readily determinable fair value, impairment loss, annual amount	$ 0	$ 0	$ 1,800,000	$ 0
Convertible Senior Notes Due 2029 | Convertible Notes Payable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate, stated percentage	0%		0%
Fair value of company's convertible debt	$ 1,911,600,000		$ 1,911,600,000
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 loss on investments	1,500,000		2,300,000
Level 2 | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of debt outstanding	$ 167,200,000		$ 167,200,000		$ 290,300,000

Fair Value Disclosure - Sched_2

Fair Value Disclosure - Schedule of Long-Term Investments (Details) - Auction rate security - USD ($) $ in Thousands	Mar. 31, 2024	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

Lines of Credit and Term Loan_2

Lines of Credit and Term Loans - Schedule of Short-term and Long-term Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Jun. 30, 2023
Short-term Debt [Line Items]
Total lines of credit and term loans	$ 167,212	$ 290,302
Lines of credit and current portion of term loans	81,566	170,123
Term loans, non-current	85,646	120,179
Secured debt | Term loan
Short-term Debt [Line Items]
Total term loans	126,815	158,719
Secured debt | Mega Bank Credit Facility | Term loan
Short-term Debt [Line Items]
Total term loans	31,243	38,668
Secured debt | Chang Hwa Bank Credit Facility due October 15, 2026 | Term loan
Short-term Debt [Line Items]
Total term loans	20,178	26,853
Secured debt | CTBC Term Loan Facility, due June 4, 2030 | Term loan
Short-term Debt [Line Items]
Total term loans	33,029	38,208
Secured debt | 2021 CTBC Credit Lines, due August 15, 2026 | Term loan
Short-term Debt [Line Items]
Total term loans	3,493	4,721
Secured debt | 2021 E.SUN Bank Credit Facility, due September 15, 2026 | Term loan
Short-term Debt [Line Items]
Total term loans	24,995	33,513
Secured debt | 2022 ESUN Bank Credit Facility, due August 15, 2027 | Term loan
Short-term Debt [Line Items]
Total term loans	13,877	16,756
Line of Credit | Revolving Credit Facility
Short-term Debt [Line Items]
Total line of credit	40,397	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	0	0
Line of Credit | Revolving Credit Facility | Cathay Bank Line of Credit
Short-term Debt [Line Items]
Total line of credit	0	131,583
Line of Credit | Revolving Credit Facility | 2024 CTBC Credit Lines
Short-term Debt [Line Items]
Total line of credit	24,994	0
Line of Credit | Revolving Credit Facility | Chang Hwa Bank Credit Facility
Short-term Debt [Line Items]
Total line of credit	0	0
Line of Credit | Revolving Credit Facility | 2023 HSBC Bank Credit Lines
Short-term Debt [Line Items]
Total line of credit	8,217	0
Line of Credit | Revolving Credit Facility | Mega Bank Credit Facility
Short-term Debt [Line Items]
Total line of credit	7,186	0
Line of Credit | Revolving Credit Facility | 2022 ESUN Bank Credit Facility, due August 15, 2027
Short-term Debt [Line Items]
Total line of credit	$ 0	$ 0

Lines of Credit and Term Loan_3

Lines of Credit and Term Loans - Schedule of Available Borrowings and Interest Rates for Short-term and Long-term Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2024	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)	1.68%	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)	1.33%	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)	1.53%	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)	1.87%	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)	1.87%	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)	1.52%	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)	1.72%	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)	7.06%	6.57%
Line of Credit | Revolving Credit Facility | 2022 Bank of America Credit Facility
Short-term Debt [Line Items]
Credit facility, remaining borrowing capacity	$ 20,000	$ 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	$ 132,000	$ 417
Interest rate (as a percent)	7.50%	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 | 2024 CTBC Credit Lines
Short-term Debt [Line Items]
Credit facility, remaining borrowing capacity	$ 160,006	$ 0
Interest rate (as a percent)		0%
Line of Credit | Revolving Credit Facility | 2024 CTBC Credit Lines | Minimum
Short-term Debt [Line Items]
Interest rate (as a percent)	1.94%
Line of Credit | Revolving Credit Facility | 2024 CTBC Credit Lines | Maximum
Short-term Debt [Line Items]
Interest rate (as a percent)	6.26%
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)	6.30%	6.58%
Line of Credit | Revolving Credit Facility | 2023 HSBC Bank Credit Lines
Short-term Debt [Line Items]
Credit facility, remaining borrowing capacity	$ 41,783	$ 50,000
Interest rate (as a percent)		4.50%
Line of Credit | Revolving Credit Facility | 2023 HSBC Bank Credit Lines | Minimum
Short-term Debt [Line Items]
Interest rate (as a percent)	2.03%
Line of Credit | Revolving Credit Facility | 2023 HSBC Bank Credit Lines | 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	$ 12,814	$ 20,000
Interest rate (as a percent)		2.55%
Line of Credit | Revolving Credit Facility | Mega Bank Credit Facility | Minimum
Short-term Debt [Line Items]
Interest rate (as a percent)	1.90%
Line of Credit | Revolving Credit Facility | Mega Bank Credit Facility | Maximum
Short-term Debt [Line Items]
Interest rate (as a percent)	1.91%

Lines of Credit and Term Loan_4

Lines of Credit and Term Loans - 2024 CTBC Bank Credit Lines (Details) - Revolving Credit Facility - CTBC Bank - USD ($)	Mar. 31, 2024	Feb. 16, 2024	Feb. 15, 2024
2024 CTBC Credit Lines
Short-term Debt [Line Items]
Outstanding borrowings	$ 25,000,000
2024 CTBC Credit Lines | Term loan
Short-term Debt [Line Items]
Credit facility, maximum borrowing capacity		$ 185,000,000	$ 105,000,000
2024 CTBC Credit Lines | Minimum
Short-term Debt [Line Items]
Interest rate (as a percent)	1.94%
2024 CTBC Credit Lines | Minimum | Term loan
Short-term Debt [Line Items]
Credit facility, covenant not satisfied, maximum borrowing capacity		70,000,000
2024 CTBC Credit Lines | Maximum
Short-term Debt [Line Items]
Interest rate (as a percent)	6.26%
2024 CTBC Credit Lines | Maximum | Term loan
Short-term Debt [Line Items]
Credit facility, covenant not satisfied, maximum borrowing capacity		105,000,000
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
Import O/A Loan Line Of Credit | Term loan
Short-term Debt [Line Items]
Credit facility, maximum borrowing capacity		$ 80,000,000

Lines of Credit and Term Loan_5

Lines of Credit and Term Loans - 2023 HSBC Bank Credit Lines (Details) - Revolving Credit Facility - 2023 HSBC Bank Credit Lines - HSBC Bank - Export Seller Trade Loan	Mar. 31, 2024 USD ($)	Dec. 07, 2023 USD ($)	Dec. 07, 2023 TWD ($)
Short-term Debt [Line Items]
Credit facility, maximum borrowing capacity		$ 50,000,000	$ 300,000,000
Outstanding borrowings	$ 8,200,000
Minimum
Short-term Debt [Line Items]
Interest rate (as a percent)	2.03%
Maximum
Short-term Debt [Line Items]
Interest rate (as a percent)	6.37%

Lines of Credit and Term Loan_6

Lines of Credit and Term Loans - Schedule of Maturities of Revolving Lines of Credit and Term Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Jun. 30, 2023
Debt Disclosure [Abstract]
Remainder of 2024	$ 50,690
2025	41,169
2026	41,169
2027	17,886
2028	6,033
2029 and thereafter	10,265
Total lines of credit and term loans	$ 167,212	$ 290,302

Convertible Notes (Details)

Convertible Notes (Details)	1 Months Ended	3 Months Ended	9 Months Ended
	Feb. 29, 2024 USD ($) tradingDay $ / shares	Mar. 31, 2024 USD ($)	Mar. 31, 2024 USD ($)	Mar. 31, 2023 USD ($)	Feb. 22, 2024 $ / shares
Debt Instrument [Line Items]
Purchase of capped calls			$ 142,140,000	$ 0
Convertible Senior Notes Due 2029
Debt Instrument [Line Items]
Convertible, conversion rate | $ / shares	$ 1,341.38
Convertible Senior Notes Due 2029 | Convertible Notes Payable
Debt Instrument [Line Items]
Convertible notes	$ 1,725,000,000
Proceeds from issuance of 2029 convertible notes, net of issuance costs	1,695,800,000
Purchase of capped calls	$ 142,100,000
Conversion price ratio	0.0007455
Convertible conversion percentage	130%
Trading days | tradingDay	20
Percentage of principal repaid upon request following fundamental change	100%
Unamortized issuance costs		$ 28,700,000	28,700,000
Carrying value		1,696,300,000	$ 1,696,300,000
Amortization of debt issuance costs		$ 500,000
Interest rate (as a percent)		0.34%	0.34%
Convertible Senior Notes Due 2029 | Convertible Notes Payable | Debt Covenant, Redemption Option One
Debt Instrument [Line Items]
Convertible conversion percentage	130%
Trading days | tradingDay	20
Threshold consecutive trading days | tradingDay	30
Convertible Senior Notes Due 2029 | Convertible Notes Payable | Debt Covenant, Redemption Option Two
Debt Instrument [Line Items]
Convertible conversion percentage	98%
Trading days | tradingDay	5
Threshold consecutive trading days | tradingDay	5
Capped Calls
Debt Instrument [Line Items]
Capped call initial strike price (in dollars per share) | $ / shares	$ 1,341.38
Capped call transactions (in dollars per share) | $ / shares	$ 1,951.04				$ 975.52
Capped call interest percentage	100%
Capped call transaction	$ 142,100,000

Leases - Schedule of Lease Cost

Leases - Schedule of Lease Costs and Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Related Party Transaction [Line Items]
Operating lease expense (including expense for lease agreements with related parties of $86 and $139 for the three months ended March 31, 2024 and $2023, respectively, and $363 and $422 for the nine months ended March 31, 2024 and 2023, respectively)	$ 2,538	$ 2,129	$ 7,076	$ 6,354
Cash payments for operating leases (including payments to related parties of $75 and $134 for the three months ended March 31, 2024 and $2023, respectively, and $333 and $391 for the nine months ended March 31, 2024 and $2023, respectively)	2,469	2,146	6,756	6,209
New operating lease assets obtained in exchange for operating lease liabilities	22,301	655	24,140	1,679
Related Party
Related Party Transaction [Line Items]
Operating lease expense (including expense for lease agreements with related parties of $86 and $139 for the three months ended March 31, 2024 and $2023, respectively, and $363 and $422 for the nine months ended March 31, 2024 and 2023, respectively)	86	139	363	422
Cash payments for operating leases (including payments to related parties of $75 and $134 for the three months ended March 31, 2024 and $2023, respectively, and $333 and $391 for the nine months ended March 31, 2024 and $2023, respectively)	$ 75	$ 134	$ 333	$ 391

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Millions		3 Months Ended		9 Months Ended
	Feb. 09, 2024 USD ($)	Mar. 31, 2024 USD ($) ft²	Mar. 31, 2023 USD ($)	Mar. 31, 2024 USD ($) ft²	Mar. 31, 2023 USD ($)	Jan. 31, 2024
Lessee, Lease, Description [Line Items]
Short-term lease payments		$ 0.6	$ 0.5	$ 1.6	$ 1.3
Operating lease, weighted average remaining lease term		4 years 9 months 18 days		4 years 9 months 18 days
Incremental borrowing rate		5%		5%
San Jose, California
Lessee, Lease, Description [Line Items]
Area of land (sq.ft) | ft²		260,000		260,000
Lease term						79 months
Aggregate monthly payments under lease				$ 0.3
Annual payment increase, percent		3%		3%
Payments to acquire real estate	$ 80
Derecognition of operating lease right-of-use asset	7.9
Derecognition of operating lease liability	$ 8.3

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Operating Liability Payments (Details) $ in Thousands	Mar. 31, 2024 USD ($)
Leases [Abstract]
Remainder of 2024	$ 2,165
2025	10,692
2026	7,628
2027	6,013
2028	5,001
2029 and beyond	9,139
Total future lease payments	40,638
Less: Imputed interest	(4,215)
Present value of operating lease liabilities	$ 36,423

Related Party Transactions - Na

Related Party Transactions - Narrative (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023	Jun. 30, 2023
Related Party Transaction [Line Items]
Outstanding purchase order	$ 2,900,000,000		$ 2,900,000,000
Cost of sales	3,252,698,000	$ 1,056,937,000	8,119,281,000	$ 4,027,305,000
Corporate Venture
Related Party Transaction [Line Items]
Cost of sales	$ 4,300,000	6,400,000	$ 16,500,000	23,600,000
Corporate Venture
Related Party Transaction [Line Items]
Equity method investment, ownership percentage	30%		30%
Investment in equity investee	$ 5,100,000		$ 5,100,000		$ 2,000,000
Impairment on investments	0	0	0	0
Accounts receivable	$ 800,000		$ 800,000		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	$ 100,400,000		$ 100,400,000
Cost of sales	$ 130,397,000	$ 87,732,000	$ 355,948,000	$ 283,010,000
Ablecom
Related Party Transaction [Line Items]
Product sold percent	95.20%	96.30%	92.70%	93%
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	$ 113,700,000		$ 113,700,000		37,400,000
Ablecom | Related Party | No-Cancellable Purchase Obligation
Related Party Transaction [Line Items]
Outstanding purchase order	$ 48,400,000		$ 48,400,000		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	$ 147,700,000		$ 147,700,000		156,200,000
Compuware | Related Party | No-Cancellable Purchase Obligation
Related Party Transaction [Line Items]
Outstanding purchase order	$ 52,100,000		$ 52,100,000		$ 46,800,000

Related Party Transactions - Sc

Related Party Transactions - Schedule of Related Party Transactions (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023	Jun. 30, 2023
Related Party Transaction [Line Items]
Accounts receivable, related parties	$ 1,650,153		$ 1,650,153		$ 1,148,259
Other receivable, related parties	173,716		173,716		145,144
Accounts payable, related parties	1,092,445		1,092,445		776,831
Accrued liabilities, related parties	290,370		290,370		163,865
Net sales	3,850,066	$ 1,283,296	9,634,662	$ 4,938,621
Cost of sales	3,252,698	1,056,937	8,119,281	4,027,305
Changes in accounts receivable			(507,870)	165,883
Changes in other receivable			(25,673)	15,088
Changes in accounts payable			309,613	(9,120)
Changes in accrued liabilities			123,937	(62,639)
Changes in other long-term liabilities			5,424	(3,883)
Purchases of property, plant and equipment			110,296	28,618
Unpaid property, plant and equipment			9,345	2,885
Related Party
Related Party Transaction [Line Items]
Accounts receivable, related parties	1,110		1,110		5,473
Other receivable, related parties	30,249		30,249		27,732
Accounts payable, related parties	102,582		102,582		89,134
Accrued liabilities, related parties	18,798		18,798		14,017
Net sales	25,804	9,188	58,980	54,316
Cost of sales	130,397	87,732	355,948	283,010
Changes in accounts receivable			4,363	6,367
Changes in other receivable			(2,517)	(8,573)
Changes in accounts payable			13,448	(11,242)
Changes in accrued liabilities			4,781	(324)
Changes in other long-term liabilities			(178)	(241)
Purchases of property, plant and equipment			9,132	6,325
Unpaid property, plant and equipment			1,492	1,391
Related Party | Purchases - inventory
Related Party Transaction [Line Items]
Cost of sales	130,397	87,732	355,948	283,010
Related Party | Purchases - other miscellaneous items
Related Party Transaction [Line Items]
Cost of sales	4,744	2,870	13,708	10,933
Ablecom | Related Party
Related Party Transaction [Line Items]
Accounts receivable, related parties	3		3		2
Other receivable, related parties	1,819		1,819		2,841
Accounts payable, related parties	54,191		54,191		35,711
Accrued liabilities, related parties	692		692		1,230
Net sales	2	2	8	6
Changes in accounts receivable			(1)	0
Changes in other receivable			1,022	627
Changes in accounts payable			18,480	(14,094)
Changes in accrued liabilities			(538)	(1,734)
Changes in other long-term liabilities			0	0
Purchases of property, plant and equipment			8,935	6,129
Unpaid property, plant and equipment			1,492	1,369
Ablecom | Related Party | Purchases - inventory
Related Party Transaction [Line Items]
Cost of sales	65,933	33,637	163,131	128,198
Ablecom | Related Party | Purchases - other miscellaneous items
Related Party Transaction [Line Items]
Cost of sales	4,401	2,329	12,616	9,855
Compuware | Related Party
Related Party Transaction [Line Items]
Accounts receivable, related parties	268		268		3,528
Other receivable, related parties	28,430		28,430		24,891
Accounts payable, related parties	48,391		48,391		53,423
Accrued liabilities, related parties	18,106		18,106		12,787
Net sales	21,501	2,826	42,498	30,699
Changes in accounts receivable			3,260	293
Changes in other receivable			(3,539)	(9,200)
Changes in accounts payable			(5,032)	2,852
Changes in accrued liabilities			5,319	1,410
Changes in other long-term liabilities			(178)	(241)
Purchases of property, plant and equipment			197	196
Unpaid property, plant and equipment			0	22
Compuware | Related Party | Purchases - inventory
Related Party Transaction [Line Items]
Cost of sales	64,464	54,095	192,817	154,812
Compuware | Related Party | Purchases - other miscellaneous items
Related Party Transaction [Line Items]
Cost of sales	343	541	1,092	1,078
Corporate Venture | Related Party
Related Party Transaction [Line Items]
Accounts receivable, related parties	839		839		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	4,301	6,360	16,474	23,611
Changes in accounts receivable			1,104	6,074
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 and Offerings Of Common Stock Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	Mar. 22, 2024	Jan. 22, 2024	Dec. 05, 2023	May 18, 2022	Jun. 05, 2020	Mar. 31, 2024	Jun. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for outstanding awards (in shares)						3,466,354	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)	2,000,000		2,415,805
Common stock (USD per share)	$ 875		$ 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
Net proceeds received	$ 1,731.5		$ 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)						1,668,086
Additional shares authorized (in shares)		1,500,000		2,000,000
Ownership percentage threshold for employee owned incentive stock options to qualify for exercise price per share					10%
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) $ in Millions	Aug. 03, 2022 USD ($)
Share-Based Payment Arrangement [Abstract]
Stock repurchase program, authorized amount	$ 200

Stock-based Compensation and _5

Stock-based Compensation and Stockholders' Equity - Schedule of Stock Option Valuation Assumptions (Details) - $ / shares	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Volatility, maximum	64.55%
Employee stock option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate, minimum	4.01%		4.01%	2.81%
Risk-free interest rate, maximum	4.09%		4.78%	4.25%
Risk-free interest rate		3.52%
Expected term		6 years 25 days		6 years 25 days
Dividend yield	0%	0%	0%	0%
Volatility, minimum	59.74%		56.87%	50.62%
Volatility, maximum			64.55%	51.68%
Volatility		51.61%
Weighted average fair value of options (in dollars per share)	$ 290.08	$ 41.50	$ 205.79	$ 35.06
Employee stock option | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term	3 years		3 years
Employee stock option | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term	5 years 11 months 26 days		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		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense before taxes	$ 56,107	$ 13,652	$ 156,547	$ 41,647
Income tax impact	(47,023)	(3,444)	(72,641)	(8,165)
Stock-based compensation expense, net	9,084	10,208	83,906	33,482
Cost of sales
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense before taxes	3,221	1,215	12,680	3,585
Research and development
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense before taxes	24,856	8,097	86,005	23,549
Sales and marketing
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense before taxes	4,993	1,214	14,998	3,471
General and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense before taxes	$ 23,037	$ 3,126	$ 42,864	$ 11,042

Stock-based Compensation and _7

Stock-based Compensation and Stockholders' Equity - Determining Fair Value Narrative (Details) - USD ($)	9 Months Ended
	Mar. 31, 2024	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	$ 95,900,000
Unrecognized compensation cost related to non-vested stock based awards, period for recognition (in years)	3 years 3 months
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	$ 309,000,000
Unrecognized compensation cost related to non-vested stock based awards, period for recognition (in years)	2 years 8 months 19 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	$ 36,900,000
Unrecognized compensation cost related to non-vested stock based awards, period for recognition (in years)	2 years 6 months

Stock-based Compensation and _8

Stock-based Compensation and Stockholders' Equity - 2021 CEO Performance Awards Narrative (Details) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023	Jun. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in period (in shares)				953,005
Stock-based compensation expense before taxes		$ 56,107,000	$ 13,652,000	$ 156,547,000	$ 41,647,000
2021 CEO Performance Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in period (in shares)	1,000,000
Stock-based compensation expense before taxes		0	$ 500,000	700,000	$ 3,800,000
Unrecognized compensation cost related to non-vested stock-based awards		$ 0		$ 0		$ 700,000

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

9 Months Ended

Apr. 25, 2024 claim $ / shares

Apr. 01, 2024 day $ / shares

Mar. 02, 2024 day $ / shares

Feb. 29, 2024 shares

Nov. 30, 2023 tradingDay

Sep. 30, 2023 shares

Jan. 31, 2023 shares

Oct. 31, 2022 shares

Aug. 31, 2022 shares

Apr. 25, 2024 $ / shares

Mar. 31, 2024 USD ($) $ / shares

Mar. 31, 2023 USD ($)

Mar. 31, 2024 USD ($) $ / shares

Mar. 31, 2023 USD ($)

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Net sales | $

$ 3,850,066

$ 1,283,296

$ 9,634,662

$ 4,938,621

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)

$ 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)

$ 450

450

$ 450

Market price milestone, number of trading days | day

60

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)

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)

600

$ 600

Milestone Two | 2023 CEO Performance Award | Subsequent Event

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share price milestone (in dollars per share)

$ 600

Market price milestone, number of trading days | day

60

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)

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)

750

$ 750

Milestone Three | 2023 CEO Performance Award | Subsequent Event

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share price milestone (in dollars per share)

$ 750

Market price milestone, number of trading days | day

60

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)

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)

900

$ 900

Milestone Four | 2023 CEO Performance Award | Subsequent Event

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share price milestone (in dollars per share)

$ 900

$ 900

Market price milestone, number of trading days | claim

60

Average share price during period (in usd per share)

$ 903.10

Milestone Five

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Number of units per vesting tranche (in shares) | shares

200,000

Milestone Five | 2021 CEO Performance Stock Option

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Net sales | $

$ 8,000,000

Share price milestone (in dollars per share)

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)

$ 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		9 Months Ended
	Nov. 30, 2023 tranche operationalMilestone tradingDay $ / shares shares	Mar. 31, 2024 USD ($)	Mar. 31, 2023 USD ($)	Mar. 31, 2024 USD ($) shares	Mar. 31, 2023 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in period (in shares) | shares				953,005
Stock-based compensation expense before taxes		$ 56,107	$ 13,652	$ 156,547	$ 41,647
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		16,900		19,400
Unrecognized compensation cost related to non-vested stock-based awards		$ 36,900		$ 36,900
Unrecognized compensation cost related to non-vested stock based awards, period for recognition (in years)				2 years 6 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	9 Months Ended
	Mar. 31, 2024
Options Outstanding
Balance at beginning of period (in shares)	3,302,533
Granted (in shares)	953,005
Exercised (in shares)	(778,310)
Forfeited/cancelled (in shares)	(10,874)
Balance at end of period (in shares)	3,466,354
Options vested and exercisable (in shares)	1,914,265
Weighted Average Exercise Price per Share
Balance at beginning of period (in dollars per share)	$ 40.47
Granted (in dollars per share)	404.50
Exercised (in dollars per share)	32.54
Forfeited/cancelled (in dollars per share)	129.36
Balance at end of period (in dollars per share)	142.08
Options vested and exercisable (in dollars per share)	$ 40.26
Weighted Average Remaining Contractual Term and Aggregate Intrinsic Value
Weighted average remaining contractual term, options outstanding (in years)	7 years 2 months 1 day
Weighted average remaining contractual term, options vested and exercisable (in years)	5 years 8 months 1 day

Stock-based Compensation and_12

Stock-based Compensation and Stockholders' Equity - RSU Activity (Details) - Restricted stock units (RSUs)	9 Months Ended
	Mar. 31, 2024 $ / shares shares
Time-Based RSUs Outstanding
Balance at beginning of period (in shares) | shares	2,042,986
Granted (in shares) | shares	955,912
Released (in shares) | shares	(802,450)
Forfeited (in shares) | shares	(66,515)
Balance at end of period (in shares) | shares	2,129,933
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	346.51
Released (in dollars per share) | $ / shares	112.25
Forfeited (in dollars per share) | $ / shares	137.91
Balance at end of period (in dollars per share) | $ / shares	$ 162.57

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Income tax (benefit) provision	$ (19,983)	$ 10,857	$ 61,735	$ 79,364
Effective tax rate (as a percent)	(5.20%)	11.10%	6.70%	15%
Expected decrease in unrecognized tax benefits over next twelve months	$ 3,200		$ 3,200

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions	Mar. 31, 2024 USD ($)
Purchase Commitment, Excluding Long-term Commitment [Line Items]
Purchase commitments, total	$ 2,900
Related Party
Purchase Commitment, Excluding Long-term Commitment [Line Items]
Purchase commitments, total	$ 100.4

Segment Reporting - Narrative (

Segment Reporting - Narrative (Details)	9 Months Ended
	Mar. 31, 2024 segment
Segment Reporting [Abstract]
Number of operating segments	1

Segment Reporting - Property, P

Segment Reporting - Property, Plant and Equipment, net (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Jun. 30, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Property, plant and equipment, net	$ 385,566	$ 290,240
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Property, plant and equipment, net	265,341	183,485
Asia
Revenues from External Customers and Long-Lived Assets [Line Items]
Property, plant and equipment, net	117,785	104,094
Europe
Revenues from External Customers and Long-Lived Assets [Line Items]
Property, plant and equipment, net	$ 2,440	$ 2,661

Subsequent Events (Details)

Subsequent Events (Details) - Revolving Credit Facility - Subsequent Event	Apr. 26, 2024 USD ($)	Apr. 26, 2024 TWD ($)	Apr. 19, 2024 USD ($)	Apr. 17, 2024 USD ($)	Apr. 16, 2024 USD ($)
Line of Credit
Subsequent Event [Line Items]
Credit facility, maximum borrowing capacity		$ 300,000,000
Mega Bank Credit Facility | Line of Credit
Subsequent Event [Line Items]
Credit facility, maximum borrowing capacity				$ 50,000,000	$ 20,000,000
Import and Export Trade Facility | Line of Credit
Subsequent Event [Line Items]
Credit facility, maximum borrowing capacity			$ 60,000,000
Import O/A Loan and Export O/A Loan | Line of Credit
Subsequent Event [Line Items]
Credit facility, maximum borrowing capacity	$ 20,000,000
Loan Agreement | Line of Credit
Subsequent Event [Line Items]
Credit facility, maximum borrowing capacity	$ 30,000,000

Uncategorized Items - smci-2024

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