Pure Storage (PSTG) 10-Q 15 Dec 22 2023 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Nov. 06, 2022	Dec. 07, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Nov. 06, 2022
Document Transition Report	false
Entity File Number	001-37570
Entity Registrant Name	Pure Storage, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	27-1069557
Entity Address, Address Line One	650 Castro Street,
Entity Address, Address Line Two	Suite 400
Entity Address, City or Town	Mountain View
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94041
City Area Code	800
Local Phone Number	379-7873
Title of 12(b) Security	Class A Common Stock, $0.0001 par value per share
Trading Symbol	PSTG
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		302,585,633
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Entity Central Index Key	0001474432
Current Fiscal Year End Date	--02-05

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Nov. 06, 2022	Feb. 06, 2022
Current assets:
Cash and cash equivalents	$ 795,931	$ 466,199
Marketable securities	669,173	947,073
Accounts receivable, net of allowance of $945 and $1,053	435,618	542,144
Inventory	59,716	38,942
Deferred commissions, current	69,397	81,589
Prepaid expenses and other current assets	178,838	116,232
Total current assets	2,208,673	2,192,179
Property and equipment, net	248,606	195,282
Operating lease right-of-use assets	163,676	111,763
Deferred commissions, non-current	165,735	164,718
Intangible assets, net	53,379	62,646
Goodwill	361,427	358,736
Restricted cash	10,544	10,544
Other assets, non-current	40,785	39,447
Total assets	3,252,825	3,135,315
Current liabilities:
Accounts payable	102,879	70,704
Accrued compensation and benefits	159,231	205,431
Accrued expenses and other liabilities	108,972	78,511
Operating lease liabilities, current	31,114	35,098
Deferred revenue, current	647,116	562,576
Debt, current	573,855	0
Total current liabilities	1,623,167	952,320
Long-term debt	0	786,779
Operating lease liabilities, non-current	147,110	93,479
Deferred revenue, non-current	601,103	517,296
Other liabilities, non-current	40,937	31,105
Total liabilities	2,412,317	2,380,979
Commitments and contingencies (Note 7)
Stockholders’ equity:
Preferred stock, par value of $0.0001 per share— 20,000 shares authorized; no shares issued and outstanding	0	0
Class A and Class B common stock, par value of $0.0001 per share— 2,250,000 (Class A 2,000,000, Class B 250,000) shares authorized; 292,633 and 302,669 Class A shares issued and outstanding	30	29
Additional paid-in capital	2,475,764	2,470,943
Accumulated other comprehensive loss	(23,753)	(8,365)
Accumulated deficit	(1,611,533)	(1,708,271)
Total stockholders’ equity	840,508	754,336
Total liabilities and stockholders’ equity	$ 3,252,825	$ 3,135,315

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Nov. 06, 2022	Feb. 06, 2022
Accounts receivable, allowance	$ 1,053	$ 945
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized (in shares)	20,000,000	20,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, shares authorized (in shares)	2,250,000,000	2,250,000,000
Class A
Common stock, par value per share (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	2,000,000,000	2,000,000,000
Common stock, shares issued (in shares)	302,668,981	292,633,000
Common stock, shares outstanding (in shares)	302,668,981	292,633,000
Class B
Common stock, par value per share (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	250,000,000	250,000,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 06, 2022	Oct. 31, 2021	Nov. 06, 2022	Oct. 31, 2021
Revenue	$ 676,050	$ 562,740	$ 1,943,227	$ 1,472,278
Cost of revenue	209,715	187,948	606,898	475,593
Gross profit	466,335	374,792	1,336,329	996,685
Operating expenses:
Research and development	180,008	147,808	506,971	419,296
Sales and marketing	212,140	193,172	637,129	567,054
General and administrative	65,054	51,890	173,300	138,500
Total operating expenses	457,202	392,870	1,317,400	1,124,850
Income (loss) from operations	9,133	(18,078)	18,929	(128,165)
Other income (expense), net	(2,814)	(7,953)	(8,410)	(20,090)
Income (loss) before provision for income taxes	6,319	(26,031)	10,519	(148,255)
Provision for income taxes	7,106	2,700	11,919	9,947
Net loss	$ (787)	$ (28,731)	$ (1,400)	$ (158,202)
Net loss per share attributable to common stockholders, basic (in dollars per share)	$ 0	$ (0.10)	$ 0	$ (0.56)
Net loss per share attributable to common stockholders, diluted (in dollars per share)	$ 0	$ (0.10)	$ 0	$ (0.56)
Weighted-average shares used in computing net loss per share attributable to common stockholders, basic (in shares)	300,984	287,462	298,101	283,918
Weighted-average shares used in computing net loss per share attributable to common stockholders, diluted (in shares)	300,984	287,462	298,101	283,918
Product
Revenue	$ 431,281	$ 374,913	$ 1,247,045	$ 949,736
Cost of revenue	135,546	129,721	395,322	309,935
Subscription services
Revenue	244,769	187,827	696,182	522,542
Cost of revenue	$ 74,169	$ 58,227	$ 211,576	$ 165,658

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 06, 2022	Oct. 31, 2021	Nov. 06, 2022	Oct. 31, 2021
Statement of Comprehensive Income [Abstract]
Net loss	$ (787)	$ (28,731)	$ (1,400)	$ (158,202)
Other comprehensive loss:
Unrealized net losses on available-for-sale securities	(3,656)	(3,710)	(15,365)	(7,121)
Less: reclassification adjustment for net (gains) losses on available-for-sale securities included in net loss	2	(78)	(23)	(596)
Change in unrealized net losses on available-for-sale securities	(3,654)	(3,788)	(15,388)	(7,717)
Comprehensive loss	$ (4,441)	$ (32,519)	$ (16,788)	$ (165,919)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders’ Equity - USD ($) shares in Thousands, $ in Thousands	Total	Cumulative-effect adjustment from adoption of ASU 2020-06	Restricted Stock Units	Common Stock	Common Stock Restricted Stock Units	Additional Paid-in Capital	Additional Paid-in Capital Cumulative-effect adjustment from adoption of ASU 2020-06	Additional Paid-in Capital Restricted Stock Units	Accumulated Other Comprehensive Income (Loss)	Accumulated Deficit	Accumulated Deficit Cumulative-effect adjustment from adoption of ASU 2020-06
Beginning balance (in shares) at Jan. 31, 2021				278,363
Beginning balance at Jan. 31, 2021	$ 750,006			$ 28		$ 2,307,580			$ 7,410	$ (1,565,012)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of stock options (in shares)				3,983
Issuance of common stock upon exercise of stock options	33,573					33,573
Stock-based compensation expense	209,401					209,401
Vesting of restricted stock units (in shares)					9,875
Vesting of restricted stock units			$ 0		$ 1			$ (1)
Tax withholding on vesting of restricted stock units (in shares)				(386)
Tax withholding on vesting of restricted stock units	(8,670)					(8,670)
Forfeiture of restricted stock (in shares)				(62)
Forfeiture of restricted stock	0
Common stock issued under employee stock purchase plan (in shares)				4,365
Common stock issued under employee stock purchase plan	36,641					36,641
Repurchases of common stock (in shares)				(6,057)
Repurchases of common stock	(130,608)					(130,608)
Other comprehensive loss	(7,717)								(7,717)
Net loss	(158,202)									(158,202)
Ending balance (in shares) at Oct. 31, 2021				290,081
Ending balance at Oct. 31, 2021	724,424			$ 29		2,447,916			(307)	(1,723,214)
Beginning balance (in shares) at Jan. 31, 2021				278,363
Beginning balance at Jan. 31, 2021	750,006			$ 28		2,307,580			7,410	(1,565,012)
Ending balance (in shares) at Feb. 06, 2022				292,633
Ending balance at Feb. 06, 2022	$ 754,336	$ (35,127)		$ 29		2,470,943	$ (133,265)		(8,365)	(1,708,271)	$ 98,138
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting Standards Update [Extensible Enumeration]	Accounting Standards Update 2020-06 [Member]
Beginning balance (in shares) at Aug. 01, 2021				284,734
Beginning balance at Aug. 01, 2021	$ 697,444			$ 28		2,388,418			3,481	(1,694,483)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of stock options (in shares)				2,086
Issuance of common stock upon exercise of stock options	22,289					22,289
Stock-based compensation expense	76,616					76,616
Vesting of restricted stock units (in shares)					3,548
Vesting of restricted stock units			0		$ 1			(1)
Tax withholding on vesting of restricted stock units (in shares)				(81)
Tax withholding on vesting of restricted stock units	(2,106)					(2,106)
Forfeiture of restricted stock (in shares)				(25)
Forfeiture of restricted stock	0
Common stock issued under employee stock purchase plan (in shares)				2,180
Common stock issued under employee stock purchase plan	18,915					18,915
Repurchases of common stock (in shares)				(2,361)
Repurchases of common stock	(56,215)					(56,215)
Other comprehensive loss	(3,788)								(3,788)
Net loss	(28,731)									(28,731)
Ending balance (in shares) at Oct. 31, 2021				290,081
Ending balance at Oct. 31, 2021	724,424			$ 29		2,447,916			(307)	(1,723,214)
Beginning balance (in shares) at Feb. 06, 2022				292,633
Beginning balance at Feb. 06, 2022	754,336	$ (35,127)		$ 29		2,470,943	$ (133,265)		(8,365)	(1,708,271)	$ 98,138
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of stock options (in shares)				2,316
Issuance of common stock upon exercise of stock options	19,139					19,139
Stock-based compensation expense	246,677					246,677
Vesting of restricted stock units (in shares)					10,632
Vesting of restricted stock units			0		$ 1			$ (1)
Tax withholding on vesting of restricted stock units (in shares)				(517)
Tax withholding on vesting of restricted stock units	(16,130)					(16,130)
Common stock issued under employee stock purchase plan (in shares)				3,014
Common stock issued under employee stock purchase plan	39,965					39,965
Repurchases of common stock (in shares)				(5,409)
Repurchases of common stock	(151,564)					(151,564)
Other comprehensive loss	(15,388)								(15,388)
Net loss	(1,400)									(1,400)
Ending balance (in shares) at Nov. 06, 2022				302,669
Ending balance at Nov. 06, 2022	840,508			$ 30		2,475,764			(23,753)	(1,611,533)
Beginning balance (in shares) at Aug. 07, 2022				298,801
Beginning balance at Aug. 07, 2022	761,358			$ 30		2,392,173			(20,099)	(1,610,746)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of stock options (in shares)				459
Issuance of common stock upon exercise of stock options	3,878					3,878
Stock-based compensation expense	86,852					86,852
Vesting of restricted stock units (in shares)					3,482
Vesting of restricted stock units			$ 0
Tax withholding on vesting of restricted stock units (in shares)				(112)
Tax withholding on vesting of restricted stock units	(3,143)					(3,143)
Common stock issued under employee stock purchase plan (in shares)				927
Common stock issued under employee stock purchase plan	20,569					20,569
Repurchases of common stock (in shares)				(888)
Repurchases of common stock	(24,565)					(24,565)
Other comprehensive loss	(3,654)								(3,654)
Net loss	(787)									(787)
Ending balance (in shares) at Nov. 06, 2022				302,669
Ending balance at Nov. 06, 2022	$ 840,508			$ 30		$ 2,475,764			$ (23,753)	$ (1,611,533)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Nov. 06, 2022	Oct. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (1,400)	$ (158,202)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	72,268	59,605
Amortization of debt discount and debt issuance costs	2,406	23,011
Stock-based compensation expense	245,114	207,763
Impairment of long-lived assets	0	471
Other	67	8,576
Changes in operating assets and liabilities, net of effect of acquisition:
Accounts receivable, net	106,216	106,788
Inventory	(16,341)	38
Deferred commissions	11,175	(20,395)
Prepaid expenses and other assets	(56,164)	(12,283)
Operating lease right-of-use assets	26,073	22,061
Accounts payable	22,536	(14,256)
Accrued compensation and other liabilities	(17,739)	(35,251)
Operating lease liabilities	(28,339)	(22,094)
Deferred revenue	168,336	106,054
Net cash provided by operating activities	534,208	271,886
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment	(97,910)	(81,217)
Acquisition, net of cash acquired	(1,989)	0
Purchases of marketable securities	(92,129)	(502,438)
Sales of marketable securities	0	146,934
Maturities of marketable securities	352,295	303,158
Other	0	(600)
Net cash (used in) provided by investing activities	160,267	(134,163)
CASH FLOWS FROM FINANCING ACTIVITIES
Net proceeds from exercise of stock options	19,131	33,743
Proceeds from issuance of common stock under employee stock purchase plan	39,965	36,641
Principal payments on borrowings and finance lease obligations	(256,145)	(1,284)
Tax withholding on vesting of equity awards	(16,130)	(8,670)
Repurchases of common stock	(151,564)	(130,608)
Net cash used in financing activities	(364,743)	(70,178)
Net increase in cash, cash equivalents and restricted cash	329,732	67,545
Cash, cash equivalents and restricted cash, beginning of period	476,743	347,691
Cash, cash equivalents and restricted cash, end of period	806,475	415,236
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD
Cash and cash equivalents	795,931	404,692
Restricted cash	10,544	10,544
Cash, cash equivalents and restricted cash, end of period	806,475	415,236
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid for interest	1,151	3,932
Cash paid for income taxes	8,452	10,051
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING INFORMATION
Property and equipment purchased but not yet paid	$ 19,976	$ 6,413

Business Overview

Business Overview	9 Months Ended
	Nov. 06, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business Overview	Business OverviewPure Storage, Inc. (the Company, we, us, or other similar pronouns) was originally incorporated in the state of Delaware in October 2009 under the name OS76, Inc. In January 2010, we changed our name to Pure Storage, Inc. We are headquartered in Mountain View, California and have wholly owned subsidiaries throughout the world.

Financial Instruments

Financial Instruments	9 Months Ended
	Nov. 06, 2022
Investments, Debt and Equity Securities [Abstract]
Financial Instruments	Financial Instruments Fair Value Measurements We define fair value as the exchange price that would be received from sale of an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. We measure our financial assets and liabilities at fair value at each reporting period using a fair value hierarchy which requires us to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. A financial instrument’s classification within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Three levels of inputs may be used to measure fair value: • Level 1 - Observable inputs are unadjusted quoted prices in active markets for identical assets or liabilities; • Level 2 - Observable inputs are quoted prices for similar assets and liabilities in active markets or inputs other than quoted prices that are observable for the assets or liabilities, either directly or indirectly through market corroboration, for substantially the full term of the financial instruments; and • Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. These inputs are based on our own assumptions used to measure assets and liabilities at fair value and require significant management judgment or estimation. Cash Equivalents, Marketable Securities and Restricted Cash We measure our cash equivalents, marketable securities, and restricted cash at fair value on a recurring basis. We classify our cash equivalents, marketable securities and restricted cash within Level 1 or Level 2 because they are valued using either quoted market prices or inputs other than quoted prices which are directly or indirectly observable in the market, including readily-available pricing sources for the identical underlying security which may not be actively traded. Our fixed income available-for-sale securities consist of high quality, investment grade securities from diverse issuers. The valuation techniques used to measure the fair value of our marketable securities were derived from non-binding market consensus prices that are corroborated by observable market data or quoted market prices for similar instruments. The following tables summarize our cash equivalents, marketable securities and restricted cash by significant investment categories and their classification within the valuation hierarchy at the end of fiscal 2022 and the third quarter of fiscal 2023 (in thousands): At the End of Fiscal 2022 Amortized Gross Unrealized Gross Unrealized Fair Cash Equivalents Marketable Securities Restricted Cash Level 1 Money market accounts $ — $ — $ — $ 29,275 $ 18,731 $ — $ 10,544 Level 2 U.S. government treasury notes 336,303 512 (2,176) 334,639 — 334,639 — U.S. government agencies 49,153 49 (193) 49,009 — 49,009 — Corporate debt securities 491,728 384 (4,731) 487,381 200 487,181 — Foreign government bonds 12,333 37 (17) 12,353 — 12,353 — Asset-backed securities 60,361 111 (453) 60,019 — 60,019 — Municipal bonds 3,950 — (78) 3,872 — 3,872 — Total $ 953,828 $ 1,093 $ (7,648) $ 976,548 $ 18,931 $ 947,073 $ 10,544 At the End of the Third Quarter of Fiscal 2023 Amortized Gross Unrealized Gross Unrealized Fair Cash Equivalents Marketable Restricted Cash Level 1 Money market accounts $ — $ — $ — $ 297,756 $ 287,212 $ — $ 10,544 Level 2 U.S. government treasury notes 235,143 1 (5,901) 229,243 — 229,243 — U.S. government agencies 28,792 1 (496) 28,297 — 28,297 — Corporate debt securities 382,577 — (13,876) 368,701 — 368,701 — Foreign government bonds 4,798 — (79) 4,719 — 4,719 — Asset-backed securities 35,855 — (1,374) 34,481 — 34,481 — Municipal bonds 3,950 — (218) 3,732 — 3,732 — Total $ 691,115 $ 2 $ (21,944) $ 966,929 $ 287,212 $ 669,173 $ 10,544 The amortized cost and estimated fair value of our marketable securities are shown below by contractual maturity (in thousands): At the End of the Third Quarter of Fiscal 2023 Amortized Cost Fair Value Due within one year $ 362,127 $ 355,765 Due in one to five years 328,988 313,408 Total $ 691,115 $ 669,173 Unrealized losses on our debt securities have not been recorded into income because we do not intend to sell nor is it more likely than not that we will be required to sell these investments prior to recovery of their amortized cost basis. The decline in fair value of our debt securities is largely due to the rising interest rate environment driven by current market conditions that has resulted in higher credit spreads. The credit ratings associated with our debt securities are mostly unchanged, are highly rated and the issuers continue to make timely principal and interest payments. As a result, there were no credit or non-credit impairment charges recorded in the third quarter and the first three quarters of fiscal 2022 and 2023. The following table presents gross unrealized losses and fair values for those investments that were in a continuous unrealized loss position at the end of fiscal 2022 and the third quarter of fiscal 2023, aggregated by investment category (in thousands): At the End of Fiscal 2022 Less than 12 months Greater than 12 months Total Fair Unrealized Fair Unrealized Fair Unrealized U.S. government treasury notes $ 193,359 $ (2,176) $ — $ — $ 193,359 $ (2,176) U.S. government agencies 24,388 (193) — — 24,388 (193) Corporate debt securities 374,223 (4,708) 1,182 (23) 375,405 (4,731) Foreign government bonds 4,098 (17) — — 4,098 (17) Asset-backed securities 37,608 (453) — — 37,608 (453) Municipal bonds 3,872 (78) — — 3,872 (78) Total $ 637,548 $ (7,625) $ 1,182 $ (23) $ 638,730 $ (7,648) At the End of the Third Quarter of Fiscal 2023 Less than 12 months Greater than 12 months Total Fair Unrealized Fair Unrealized Fair Unrealized U.S. government treasury notes $ 133,188 $ (2,603) $ 94,973 $ (3,298) $ 228,161 $ (5,901) U.S. government agencies 20,403 (390) 2,893 (106) 23,296 (496) Corporate debt securities 186,166 (5,289) 182,534 (8,587) 368,700 (13,876) Foreign government bonds 4,178 (30) 541 (49) 4,719 (79) Asset-backed securities 16,325 (197) 18,156 (1,177) 34,481 (1,374) Municipal bonds 1,401 (108) 2,331 (110) 3,732 (218) Total $ 361,661 $ (8,617) $ 301,428 $ (13,327) $ 663,089 $ (21,944) Realized gains or losses on sale of marketable securities were not significant for all periods presented. Fair Value Measurements of Other Financial Instruments We measure the fair value of our Notes on a quarterly basis. We consider the fair value of the Notes at the end of the third quarter of fiscal 2023 to be a Level 2 measurement due to its limited trading activity. Refer to Note 6 for the carrying amount and estimated fair value of our Notes at the end of the third quarter of fiscal 2023.

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	9 Months Ended
	Nov. 06, 2022
Accounting Policies [Abstract]
Basis of Presentation and Summary of Significant Accounting Policies	Basis of Presentation and Summary of Significant Accounting Policies Basis of Presentation and Principles of Consolidation We operate using a 52/53 week fiscal year ending on the first Sunday after January 30, which for fiscal 2022 was February 6, 2022 and for fiscal 2023 will be February 5, 2023. The third quarter of fiscal 2022 and 2023 ended on October 31, 2021 and November 6, 2022. Unless otherwise stated, all dates refer to our fiscal year and fiscal quarters. The condensed consolidated financial statements include the accounts of the Company and our wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. Unaudited Interim Consolidated Financial Information The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (U.S. GAAP) and applicable rules and regulations of the Securities and Exchange Commission regarding interim financial reporting. Certain information and note disclosures normally included in the financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such rules and regulations. Therefore, these condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes included in our Annual Report on Form 10-K for fiscal 2022. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all normal recurring adjustments necessary to present fairly the financial position, results of operations, comprehensive loss and cash flows for the interim periods, but are not necessarily indicative of the results of operations to be anticipated for the full fiscal year 2023 or any future period. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported and disclosed in the financial statements and accompanying notes. Actual results could differ from these estimates and assumptions due to risks and uncertainties. Such estimates include, but are not limited to, the determination of standalone selling price for revenue arrangements with multiple performance obligations when the price at which the performance obligation sold separately or observable past transactions are not available, useful lives of intangible assets and property and equipment, the period of benefit for deferred contract costs for commissions, stock-based compensation, provision for income taxes including related reserves, fair value of equity assumed, intangible and tangible assets acquired and liabilities assumed for business combinations. Management bases its estimates on historical experience and on various other assumptions which management believes to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities. Restricted Cash Restricted cash is comprised of cash collateral for letters of credit related to our leases and for a vendor credit card program. At the end of fiscal 2022 and the third quarter of fiscal 2023, we had restricted cash of $10.5 million. Recently Adopted Accounting Pronouncements In October 2021, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers , which requires entities to apply revenue guidance to recognize and measure contract assets and contract liabilities acquired in a business combination on the acquisition date, instead of measuring them at fair value. We early adopted this guidance in the second quarter of fiscal 2023 on a prospective basis. The adoption of this standard did not have a material impact on our condensed consolidated financial statements. In August 2020, the FASB issued ASU 2020-06, A ccounting for Convertible Instruments and Contracts in an Entity's Own Equity , which simplifies the accounting for certain convertible instruments, amends guidance on derivative scope exceptions for contracts in an entity's own equity, and requires the use of the if-converted method to calculate the impact of convertible instruments on diluted earnings per share (EPS) which results in the inclusion of the effect of share settlement for instruments that may be settled in cash or shares. We adopted the standard as of February 7, 2022 using the modified retrospective basis. Adoption resulted in an adjustment of $133.3 million to reclassify the remaining balance of the conversion feature recorded in additional paid-in capital to convertible senior notes (the Notes) of $35.2 million and accumulated deficit of $98.1 million on the condensed consolidated balance sheet. Accordingly, we no longer carry an equity component of the Notes. There was no impact to diluted EPS as the inclusion of potential shares of common stock related to the Notes was anti-dilutive. For further information, see Note 6, Debt, and Note 11, Net Loss per Share Attributable to Common Stockholders.

Balance Sheet Components

Balance Sheet Components	9 Months Ended
	Nov. 06, 2022
Balance Sheet Components Disclosure [Abstract]
Balance Sheet Components	Balance Sheet Components Inventory Inventory consists of the following (in thousands): At the End of Fiscal 2022 Third Quarter of Fiscal 2023 Raw materials $ 15,734 $ 24,471 Finished goods 23,208 35,245 Inventory $ 38,942 $ 59,716 Property and Equipment, Net Property and equipment, net consists of the following (in thousands): At the End of Fiscal 2022 Third Quarter of Fiscal 2023 Test equipment $ 266,672 $ 306,088 Computer equipment and software 206,053 249,148 Furniture and fixtures 8,652 9,522 Leasehold improvements 47,443 58,931 Capitalized software development costs 8,528 14,795 Total property and equipment 537,348 638,484 Less: accumulated depreciation and amortization (342,066) (389,878) Property and equipment, net $ 195,282 $ 248,606 Depreciation and amortization expense related to property and equipment was $17.5 million and $22.2 million for the third quarter of fiscal 2022 and 2023, and $47.2 million and $61.0 million for the first three quarters of fiscal 2022 and 2023. Intangible Assets, Net Intangible assets, net consist of the following (in thousands): At the End of Fiscal 2022 Third Quarter of Fiscal 2023 Gross Carrying Value Accumulated Amortization Net Carrying Amount Gross Carrying Value Accumulated Amortization Net Carrying Amount Technology patents $ 19,125 $ (13,544) $ 5,581 $ 19,125 $ (14,505) $ 4,620 Developed technology 80,166 (30,304) 49,862 83,211 (40,061) 43,150 Customer relationships 6,459 (1,246) 5,213 6,459 (1,936) 4,523 Trade name 3,623 (1,633) 1,990 3,623 (2,537) 1,086 Intangible assets, net $ 109,373 $ (46,727) $ 62,646 $ 112,418 $ (59,039) $ 53,379 Intangible assets amortization expense was $4.0 million and $4.1 million for the third quarter of fiscal 2022 and 2023, and $12.4 million and $12.3 million for the first three quarters of fiscal 2022 and 2023. At the end of the third quarter of fiscal 2023, the weighted-average remaining amortization period was 1.7 years for technology patents, 3.3 years for developed technology, 4.9 years for customer relationships, and 0.9 year for trade name. We record amortization of technology patents in general and administrative expenses due to their defensive nature, developed technology in cost of product revenue, and customer relationships and trade name in sales and marketing expenses in the condensed consolidated statements of operations. At the end of the third quarter of fiscal 2023, future expected amortization expense for intangible assets is as follows (in thousands): Fiscal Years Ending Estimated Future Remainder of 2023 $ 4,157 2024 16,210 2025 15,425 2026 12,830 2027 3,107 Thereafter 1,650 Total $ 53,379 Goodwill The change in the carrying amount of goodwill is as follows (in thousands): Amount Balance at the end of fiscal 2022 $ 358,736 Goodwill acquired 2,691 Balance at the end of the third quarter of fiscal 2023 $ 361,427 There were no impairments to goodwill during the third quarter and first three quarters of fiscal 2022 and 2023. Accrued Expenses and Other Liabilities Accrued expenses and other liabilities consist of the following (in thousands): At the End of Fiscal 2022 Third Quarter of Fiscal 2023 Taxes payable $ 6,312 $ 10,249 Accrued marketing 13,257 13,543 Accrued cloud and outside services 6,135 4,614 Supply chain-related accruals 6,991 25,958 Accrued service logistics and professional services 6,244 6,564 Acquisition earn-out and deferred consideration 5,211 2,693 Customer deposits from contracts with customers 10,409 13,653 Other accrued liabilities 23,952 31,698 Total accrued expenses and other liabilities $ 78,511 $ 108,972

Deferred Revenue and Commission

Deferred Revenue and Commissions	9 Months Ended
	Nov. 06, 2022
Revenue from Contract with Customer [Abstract]
Deferred Revenue and Commissions	Deferred Revenue and Commissions Deferred Commissions Deferred commissions consist of incremental costs paid to our sales force to obtain customer contracts. Changes in total deferred commissions during the periods presented are as follows (in thousands): Third Quarter of Fiscal First Three Quarters of Fiscal 2022 2023 2022 2023 Beginning balance $ 195,965 $ 235,681 $ 187,924 $ 246,307 Additions 49,822 35,827 121,802 98,949 Recognition of deferred commissions (37,467) (36,376) (101,406) (110,124) Ending balance $ 208,320 $ 235,132 $ 208,320 $ 235,132 Of the $235.1 million total deferred commissions balance at the end of the third quarter of fiscal 2023, we expect to recognize approximately 30% as commission expense over the next 12 months and the remainder thereafter. There was no impairment related to capitalized commissions for the third quarter and first three quarters of fiscal 2022 and 2023. Deferred Revenue Deferred revenue primarily consists of amounts that have been invoiced but have not yet been recognized as revenue including performance obligations pertaining to subscription services. Changes in total deferred revenue during the periods presented are as follows (in thousands): Third Quarter of Fiscal First Three Quarters of Fiscal 2022 2023 2022 2023 Beginning balance $ 909,814 $ 1,178,691 $ 843,697 $ 1,079,872 Additions 208,542 313,279 611,006 854,535 Recognition of deferred revenue (168,606) (243,751) (504,953) (686,188) Ending balance $ 949,750 $ 1,248,219 $ 949,750 $ 1,248,219 Revenue recognized during the third quarter of fiscal 2022 and 2023 from deferred revenue at the beginning of each respective period was $163.2 million and $216.8 million. Revenue recognized during the first three quarters of fiscal 2022 and 2023 from deferred revenue at the beginning of each respective period was $356.2 million and $466.0 million. Remaining Performance Obligations Total remaining performance obligations (RPO) which is contracted but not recognized revenue was $1.6 billion at the end of the third quarter of fiscal 2023. RPO consists of both deferred revenue and non-cancelable amounts that are expected to be invoiced and recognized as revenue in future periods. Product orders are generally cancelable until delivery has occurred, and as such unfulfilled product orders are excluded from RPO. Of the $1.6 billion contracted but not recognized revenue at the end of the third quarter of fiscal 2023, we expect to recognize approximately 47% over the next 12 months, and the remainder thereafter.

Debt

Debt	9 Months Ended
	Nov. 06, 2022
Debt Disclosure [Abstract]
Debt	Debt Convertible Senior Notes In April 2018, we issued $575.0 million in principal amount of 0.125% convertible senior notes due 2023, in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act and received proceeds of $562.1 million, after deducting the underwriters’ discounts and commissions. The Notes are governed by an indenture (the Indenture) between us, as the issuer, and U.S. Bank National Association, as trustee. The Notes are our senior unsecured obligations. The Indenture does not contain any financial covenants or restrictions on the payments of dividends, the incurrence of indebtedness, or the issuance or repurchase of securities by us or any of our subsidiaries. The Notes will mature on April 15, 2023. Interest is payable semi-annually in arrears on April 15 and October 15 of each year. The Notes are convertible for up to 21,884,155 shares of our common stock at an initial conversion rate of approximately 38.0594 shares of common stock per $1,000 principal amount, which is equal to an initial conversion price of approximately $26.27 per share of common stock, subject to adjustment. On October 14, 2022, we provided notice to the holders electing to settle all conversions on or after October 15, 2022 with cash up to the principal amount of the Notes and shares for any excess conversion value. The conversion price will be subject to adjustment in some events. Following certain corporate events that occur prior to the maturity date or following our issuance of a notice of redemption, we will increase the conversion rate for a holder who elects to convert its Notes in connection with such corporate event or during the related redemption period in certain circumstances. Additionally, upon the occurrence of a corporate event that constitutes a “fundamental change” per the Indenture, holders of the Notes may require us to repurchase for cash all or a portion of the Notes at a purchase price equal to 100% of the principal amount of the Notes plus accrued and unpaid contingent interest. As described in Note 2, we adopted ASU 2020-06 effective February 7, 2022 using the modified retrospective method, under which financial results reported in prior periods were not adjusted. Prior to the adoption of this standard, we separated the Notes into liability and equity components. The carrying amount of the liability component was determined by measuring the fair value of a similar debt instrument that does not have an associated conversion feature. The carrying amount of the equity component representing the conversion option was calculated by deducting the fair value of the liability component from the principal amount of the Notes as a whole and determined to be $136.3 million. This amount was recorded in additional paid-in capital with the offset representing a debt discount that was amortized to interest expense over the term of the Notes using the effective interest method. Total debt issuance costs incurred of $12.9 million were allocated to the liability and equity components based on their relative carrying amounts, of which $9.8 million was allocated to the liability component as a reduction to the Notes and $3.1 million was allocated to the equity component of the Notes as a reduction to additional paid-in capital. The issuance costs attributable to the liability component was also being amortized to interest method over the term of the Notes using the effective interest method. Upon adoption of ASU 2020-06, we combined the liability and equity components assuming that the instrument was accounted for as a single liability from inception to the date of adoption, resulting in the elimination of the debt discount. Similarly, we combined the liability and equity components of the debt issuance costs, the result of which is presented as a reduction to the Notes and being amortized to interest expense using the effective interest method over the remaining term of the Notes. The Notes consisted of the following (in thousands): At the End of Fiscal 2022 Third Quarter of Fiscal 2023 Liability: Principal $ 575,000 $ 575,000 Less: debt discount, net of amortization (35,641) — Less: debt issuance costs, net of amortization (2,580) (1,145) Net carrying amount of the Notes $ 536,779 $ 573,855 Stockholders' equity recorded at issuance: Allocated value of the conversion feature $ 136,333 $ — Less: debt issuance costs (3,068) — Additional paid-in capital $ 133,265 $ — The total estimated fair value of the Notes at the end of the third quarter of fiscal 2023 was $691.9 million. The fair value was determined based on the closing trading price per $100 of the Notes as of the last day of trading for the period. The fair value of the Notes is primarily affected by the trading price of our common stock and market interest rates. Based on the closing price of our common stock of $30.34 on the last day of the third quarter of fiscal 2023, the if-converted value of the Notes of $664.0 million was greater than its principal amount. At the end of the third quarter of fiscal 2023, the remaining term of the Notes is approximately five months. The following table sets forth total interest expense recognized related to the Notes for the third quarter and first three quarters of fiscal 2022 and 2023 (in thousands): Third Quarter of Fiscal First Three Quarters of Fiscal 2022 2023 2022 2023 Amortization of debt discount $ 7,184 $ — $ 21,029 $ — Amortization of debt issuance costs 520 650 1,523 1,947 Total amortization of debt discount and debt issuance costs 7,704 650 22,552 1,947 Contractual interest expense 181 179 537 537 Total interest expense related to the Notes $ 7,885 $ 829 $ 23,089 $ 2,484 Effective interest rate of the liability component 5.6 % 0.6 % 5.6 % 0.6 % In connection with the offering of the Notes, we paid $64.6 million to enter into capped call transactions with certain of the underwriters and their affiliates (the Capped Calls), whereby we have the option to purchase up to a total of 21,884,155 shares of our common stock to offset the dilution and/or any cash payments we are required to make in excess of the principal amount upon conversion of the Notes at maturity, with such offset subject to a cap of $39.66 per share (which represents a premium of 100% over the last reported sales price of our common stock on April 4, 2018), subject to certain adjustments (the Cap Price). However, for conversions prior to maturity, the Capped Calls would be settled at their fair value, which may not completely offset, and may be substantially less than, the value of the consideration in excess of the principal amount of the Notes delivered upon such conversion. The cost of the Capped Calls was accounted for as a reduction to additional paid-in capital on the condensed consolidated balance sheet. Impact on Earnings Per Share Subsequent to the adoption of ASU 2020-06, we compute the potentially dilutive shares of common stock related to the Notes for periods we report net income using the if-converted method. Upon conversion at maturity, there will be no economic dilution from the Notes until the average market price of our common stock exceeds the Cap Price of $39.66 per share as exercise of the Capped Calls would offset any dilution from the Notes from the conversion price up to the Cap Price. Capped Calls are excluded from the calculation of diluted earnings per share, as they would be anti-dilutive. Revolving Credit Facility In August 2020, we entered into a Credit Agreement with a consortium of financial institutions and lenders that provides for a five-year, senior secured revolving credit facility of $300.0 million (Credit Facility). Proceeds from the Credit Facility may be used for general corporate purposes and working capital. The Credit Facility expires, absent default or early termination by us, on the earlier of (i) August 24, 2025 or (ii) 91 days prior to the stated maturity of the Notes unless, on such date and each subsequent day until the Notes are paid in full, the sum of our cash, cash equivalents and marketable securities and the aggregate unused commitments then available to us exceed $625.0 million. The annual interest rates applicable to loans under the Credit Facility are, at our option, equal to either a base rate plus a margin ranging from 0.50% to 1.25% or LIBOR (based on one, three or six-month interest periods), subject to a floor of 0%, plus a margin ranging from 1.50% to 2.25%. Interest on revolving loans is payable quarterly in arrears with respect to loans based on the base rate and at the end of an interest period in the case of loans based on LIBOR (or at each three-month interval if the interest period is longer than three months). We are also required to pay a commitment fee on the unused portion of the commitments ranging from 0.25% to 0.40% per annum, payable quarterly in arrears. In February 2022, we repaid, in full, the $250.0 million outstanding under the Credit Facility. Prior to repayment, the outstanding loan bore weighted-average interest at the one-month LIBOR of approximately 1.59% and 1.60% resulting in interest expense of $1.0 million and $3.0 million during the third quarter and first three quarters of fiscal 2022 and 1.61% resulting in interest expense of $0.3 million during the first quarter of fiscal 2023. Loans under the Credit Facility are collateralized by substantially all of our assets and subject to certain restrictions and two financial ratios measured as of the last day of each fiscal quarter: a Consolidated Leverage Ratio not to exceed 4.5:1 and an Interest Coverage Ratio not to be less than 3:1. We were in compliance with all covenants under the Credit Facility at the end of the third quarter of fiscal 2023.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Nov. 06, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Letters of Credit At the end of fiscal 2022 and the third quarter of fiscal 2023, we had outstanding letters of credit in the aggregate amount of $6.7 million and $8.0 million in connection with our facility leases. The letters of credit are collateralized by either restricted cash or the Credit Facility and mature on various dates through September 2030. Legal Matters From time to time, we have become involved in claims and other legal matters arising in the normal course of business. We investigate these claims as they arise. Although claims are inherently unpredictable, we currently are not aware of any matters that we expect to have a material adverse effect on our business, financial position, results of operations or cash flows. Accordingly, no material loss contingency has been recorded on our condensed consolidated balance sheet as of the end of the third quarter of fiscal 2023. Indemnification Our arrangements generally include certain provisions for indemnifying customers against liabilities if our products or services infringe a third party’s intellectual property rights. Other guarantees or indemnification arrangements include guarantees of product and service performance and standby letters of credit for lease facilities. It is not possible to determine the maximum potential amount under these indemnification obligations due to the limited history of prior indemnification claims and the unique facts and circumstances involved in each particular agreement. To date, we have not incurred any material costs as a result of such obligations and have not accrued any liabilities related to such obligations in the condensed consolidated financial statements. In addition, we indemnify our officers, directors and certain key employees while they are serving in good faith in their respective capacities. To date, there have been no claims under any indemnification provisions.

Leases

Leases	9 Months Ended
	Nov. 06, 2022
Leases [Abstract]
Leases	Leases We lease office facilities under non-cancelable operating lease agreements expiring through July 2032. Our lease agreements do not contain any material residual value guarantees or restrictive covenants. In June 2022, we entered into an eight-year sublease through July 2030 for a new headquarters facility in Santa Clara, California with total lease payments of $100.2 million that include rent escalation and abatement clauses. The sublease of space with total lease payments of $89.4 million commenced in August 2022. Additional space with lease payments of $10.8 million will commence in May 2024 and end in July 2030 and therefore are excluded from our future lease payments disclosure below. We also lease certain engineering test equipment under financing agreements. These finance leases are three years and contain a bargain purchase option at the end of the respective lease term. It is reasonably certain that the bargain purchase option will be exercised. The components of lease costs during the periods presented were as follows (in thousands): Third Quarter of Fiscal First Three Quarters of Fiscal 2022 2023 2022 2023 Fixed operating lease cost $ 9,652 $ 13,412 $ 28,717 $ 34,483 Variable lease cost (1) 2,851 931 6,499 4,753 Short-term lease cost (12 months or less) 851 1,096 2,984 2,712 Finance lease cost: Amortization of finance lease right-of-use assets 91 926 152 1,929 Interest on finance lease liabilities 13 98 18 197 Total finance lease cost $ 104 $ 1,024 $ 170 $ 2,126 Total lease cost $ 13,458 $ 16,463 $ 38,370 $ 44,074 ____________________________________ (1) Variable lease cost predominantly included common area maintenance charges. Supplemental information related to leases is as follows (in thousands): At the End of Fiscal 2022 Third Quarter of Fiscal 2023 Operating leases: Weighted-average remaining lease term (in years) 4.5 5.5 Weighted-average discount rate 5.7 % 6.1 % Finance leases: Finance lease right-of-use assets, gross (1) $ 3,577 $ 17,597 Accumulated amortization (1) (384) (2,313) Finance lease right-of-use assets, net (1) $ 3,193 $ 15,284 Finance lease liabilities, current (2) 1,035 5,367 Finance lease liabilities, non-current (3) 1,487 5,378 Total finance lease liabilities $ 2,522 $ 10,745 Weighted-average remaining lease term (in years) 3.6 3.5 Weighted-average discount rate 2.7 % 4.9 % ____________________________________ (1) Included in the condensed consolidated balance sheets within property and equipment, net. (2) Included in the condensed consolidated balance sheets within accrued expenses and other liabilities. (3) Included in the condensed consolidated balance sheets within other liabilities, non-current. Supplemental cash flow information related to leases is as follows (in thousands): First Three Quarters of Fiscal 2022 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows for operating leases $ 27,379 $ 38,853 Financing cash outflows for finance leases $ 414 $ 5,323 Right-of-use assets obtained in exchange for lease liabilities: Operating leases $ 3,594 $ 77,986 Finance leases $ 3,110 $ 14,019 Future lease payments under our non-cancelable leases at the end of the third quarter of fiscal 2023 were as follows (in thousands): Fiscal Years Ending Operating Leases Finance Leases The remainder of 2023 $ 11,256 $ 681 2024 42,783 5,839 2025 44,900 4,728 2026 34,261 183 2027 20,968 — Thereafter 65,336 — Total future lease payments 219,504 11,431 Less: imputed interest (41,280) (686) Present value of total lease liabilities $ 178,224 $ 10,745

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Nov. 06, 2022
Equity [Abstract]
Stockholders' Equity	Stockholders’ Equity Preferred Stock We have 20,000,000 authorized shares of undesignated preferred stock, the rights, preferences and privileges of which may be designated from time to time by our board of directors. At the end of the third quarter of fiscal 2023, there were no shares of preferred stock issued or outstanding. Class A and Class B Common Stock We have two classes of authorized common stock, Class A common stock, which we refer to as our "common stock", and Class B common stock. At the end of the third quarter of fiscal 2023, we had 2,000,000,000 authorized shares of Class A common stock and 250,000,000 authorized shares of Class B common stock, with each class having a par value of $0.0001 per share. At the end of the third quarter of fiscal 2023, 302,668,981 shares of Class A common stock were issued and outstanding. Share Repurchase Program In March 2022, our board of directors authorized the repurchase of up to an additional $250.0 million of our common stock. During the third quarter of fiscal 2023, we repurchased and retired 888,433 shares of common stock at an average purchase price of $27.63 per share for an aggregate repurchase price of $24.6 million. During the first three quarters of fiscal 2023, we repurchased and retired 5,410,150 shares of common stock at an average purchase price of $27.99 per share for an aggregate repurchase price of $151.5 million. At the end of the third quarter of fiscal 2023, $98.5 million remained available for future share repurchases under our current repurchase authorization.

Equity Incentive Plans

Equity Incentive Plans	9 Months Ended
	Nov. 06, 2022
Share-Based Payment Arrangement [Abstract]
Equity Incentive Plans	Equity Incentive Plans Equity Incentive Plans We maintain two equity incentive plans: the 2009 Equity Incentive Plan (the 2009 Plan) and the 2015 Equity Incentive Plan (the 2015 Plan). The 2015 Plan serves as the successor to our 2009 Plan and provides for grants of incentive stock options to our employees and non-statutory stock options, stock appreciation rights, restricted stock, restricted stock units (RSUs), performance stock awards, performance cash awards, and other forms of stock awards to our employees, directors and consultants. Our equity awards generally vest over a two We net-share settle equity awards held by certain employees by withholding shares upon vesting to satisfy tax withholding obligations. The shares withheld to satisfy employee tax withholding obligations are returned to our 2015 Plan and will be available for future issuance. Payments for employees’ tax obligations to the tax authorities are recognized as a reduction to additional paid-in capital and reflected as a financing activity in our condensed consolidated statements of cash flows. 2015 Amended and Restated Employee Stock Purchase Plan Under our Amended and Restated 2015 Employee Stock Purchase Plan (2015 ESPP), our board of directors (or a committee thereof) has the authority to establish the length and terms of the offering periods and purchase periods and the purchase price of the shares of common stock which may be purchased under the plan. The current offering terms allow eligible employees to purchase shares of our common stock at a discount through payroll deductions of up to 30% of their eligible compensation, subject to a cap of 3,000 shares on any purchase date, a dollar cap of $7,500 per purchase period, or $25,000 in any calendar year (as determined under applicable tax rules). The current terms also allow for a 24-month offering period beginning March 16th and September 16th of each year, with each offering period consisting of four 6-month purchase periods, subject to a reset provision. Further, currently, on each purchase date, eligible employees may purchase our common stock at a price per share equal to 85% of the lesser of the fair market value of our common stock (1) on the first trading day of the applicable offering period or (2) the purchase date. Under the reset provision currently authorized, if the closing stock price on the offering date of a new offering falls below the closing stock price on the offering date of an ongoing offering, the ongoing offering would terminate immediately following the purchase of ESPP shares on the purchase date immediately preceding the new offering and participants in the terminated offering would automatically be enrolled in the new offering (ESPP reset), resulting in a modification charge to be recognized over the new offering period. An ESPP reset occurred during the third quarter of fiscal 2023, and $10.4 million relating to this modification is being recognized over the new offering period ending September 15, 2024. Stock-based compensation expense related to our 2015 ESPP was $8.9 million and $5.5 million during the third quarter of fiscal 2022 and 2023, and $25.3 million and $17.3 million during the first three quarters of fiscal 2022 and 2023. At the end of the third quarter of fiscal 2023, total unrecognized stock-based compensation cost related to our 2015 ESPP was $37.8 million, which is expected to be recognized over a weighted-average period of 1.8 years. Stock Options A summary of the stock option activity under our equity incentive plans and related information is as follows: Options Outstanding Number of Weighted- Weighted- Aggregate Balance at the end of fiscal 2022 12,268,938 $ 10.25 3.5 $ 198,266 Options exercised (2,316,226) 8.26 Options forfeited (11,137) 1.82 Balance at the end of the third quarter of fiscal 2023 9,941,575 $ 10.73 2.8 $ 195,398 Vested and exercisable at the end of the third quarter of fiscal 2023 9,656,378 $ 10.94 2.7 $ 187,290 The aggregate intrinsic value of options vested and exercisable at the end of the third quarter of fiscal 2023 is calculated based on the difference between the exercise price and the closing price of $30.34 of our common stock on the last day of the third quarter of fiscal 2023. Stock-based compensation expense recognized related to stock options was $1.7 million and $1.2 million during the third quarter of fiscal 2022 and 2023, and $6.0 million and $4.0 million during the first three quarters of fiscal 2022 and 2023. At the end of the third quarter of fiscal 2023, total unrecognized employee stock-based compensation cost related to outstanding options was $3.4 million, which is expected to be recognized over a weighted-average period of 1.2 years. RSUs and Performance RSUs (PRSUs) A summary of the RSU and PRSU activity under our equity incentive plans and related information is as follows: Number of Weighted- Aggregate Unvested balance at the end of fiscal 2022 28,712,878 $ 19.53 $ 757,446 Granted 13,297,023 29.96 Vested (10,632,285) 19.75 Forfeited (2,950,347) 21.58 Unvested balance at the end of the third quarter of fiscal 2023 28,427,269 $ 24.11 $ 862,824 RSUs granted during the first three quarters of fiscal 2023 include PRSUs for 1,147,187 shares of common stock, at a target percentage of 100%, with both performance and service vesting conditions. The actual PRSUs earned will range from 0% to 150% of the target number granted, contingent upon the degree to which the fiscal 2023 performance condition is met. Any portion of shares that are not earned will be canceled. In addition, during the first quarter of fiscal 2023, we issued 647,586 PRSUs and canceled 34,960 PRSUs based on the actual attainment of fiscal 2022 performance conditions for previously issued PRSUs, with these PRSUs issued subject to service condition through the remaining vesting periods. Stock-based compensation expense recognized related to RSUs and PRSUs was $65.0 million and $80.3 million during the third quarter of fiscal 2022 and 2023, and $174.9 million and $223.8 million during the first three quarters of fiscal 2022 and 2023. At the end of the third quarter of fiscal 2023, total unrecognized employee stock-based compensation cost related to unvested RSUs and PRSUs was $620.2 million, which is expected to be recognized over a weighted-average period of 2.8 years. Restricted Stock A summary of the restricted stock activity under our 2015 Plan and related information is as follows: Number of Weighted- Aggregate Unvested balance at the end of fiscal 2022 54,977 $ 20.02 $ 1,450 Vested (54,977) 20.02 Forfeited — — Unvested balance at the end of the third quarter of fiscal 2023 — $ — $ — Stock-based compensation expense recognized related to restricted stock was not considered material for all periods presented. Stock-Based Compensation Expense The following table summarizes the components of stock-based compensation expense recognized in the condensed consolidated statements of operations (in thousands): Third Quarter of Fiscal First Three Quarters of Fiscal 2022 2023 2022 2023 Cost of revenue—product $ 1,634 $ 2,984 $ 4,547 $ 7,454 Cost of revenue—subscription services 5,555 5,814 15,098 16,978 Research and development 36,797 42,390 102,343 120,482 Sales and marketing 19,151 18,441 54,317 54,740 General and administrative 12,863 17,350 31,458 45,460 Total stock-based compensation expense $ 76,000 $ 86,979 $ 207,763 $ 245,114 The tax benefit related to stock-based compensation expense for all periods presented was not material.

Net Loss per Share Attributable

Net Loss per Share Attributable to Common Stockholders	9 Months Ended
	Nov. 06, 2022
Earnings Per Share [Abstract]
Net Loss per Share Attributable to Common Stockholders	Net Loss per Share Attributable to Common Stockholders Basic and diluted net loss per share attributable to common stockholders is presented in conformity with the two-class method required for participating securities. Basic net loss per share attributable to common stockholders is computed by dividing the net loss attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period, less shares subject to repurchase. Diluted net loss per share attributable to common stockholders is computed by giving effect to all potentially dilutive common stock equivalents, including our outstanding stock options, common stock related to unvested RSUs and PRSUs, unvested restricted stock, the shares underlying the conversion option in our Notes to the extent dilutive, and common stock issuable pursuant to the ESPP. The adoption of ASU 2020-06 eliminates the treasury stock method and instead requires the application of the if-converted method to calculate the impact of our Notes on diluted EPS. All potentially dilutive common stock equivalents, including from our Notes, have been excluded from the calculation of diluted net loss per share attributable to common stockholders as their effect is anti-dilutive for all periods presented. The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders (in thousands, except per share data): Third Quarter of Fiscal First Three Quarters of Fiscal 2022 2023 2022 2023 Net loss $ (28,731) $ (787) $ (158,202) $ (1,400) Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted 287,462 300,984 283,918 298,101 Net loss per share attributable to common stockholders, basic and diluted $ (0.10) $ (0.00) $ (0.56) $ (0.00) The following weighted-average outstanding shares of common stock equivalents were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented because including them would have been anti-dilutive (in thousands): Third Quarter of Fiscal First Three Quarters of Fiscal 2022 2023 2022 2023 Stock options to purchase common stock 15,194 10,164 16,623 10,812 Unvested RSUs and PRSUs 32,937 29,809 33,541 30,510 Unvested restricted stock 176 — 319 8 Shares related to convertible senior notes 21,884 21,884 21,884 21,884 Shares issuable pursuant to the ESPP 1,121 450 1,121 450 Total 71,312 62,307 73,488 63,664

Other Income (Expense), Net

Other Income (Expense), Net	9 Months Ended
	Nov. 06, 2022
Other Income and Expenses [Abstract]
Other Income (Expense), Net	Other Income (Expense), Net Other income (expense), net consists of the following (in thousands): Third Quarter of Fiscal First Three Quarters of Fiscal 2022 2023 2022 2023 Interest income (1) $ 2,082 $ 3,969 $ 7,186 $ 8,280 Interest expense (2) (9,103) (1,117) (26,767) (3,600) Foreign currency transactions net losses (1,729) (6,663) (2,927) (15,689) Other income 797 997 2,418 2,599 Total other income (expense), net $ (7,953) $ (2,814) $ (20,090) $ (8,410) ____________________________________ (1) Interest income includes interest income related to our cash, cash equivalents and marketable securities and non-cash interest income (expense) related to accretion (amortization) of the discount (premium) on marketable securities. (2) Interest expense includes non-cash interest expense related to amortization of the debt discount and debt issuance costs, contractual interest expense related to our debt and accretion of our finance lease liabilities.

Income Taxes

Income Taxes	9 Months Ended
	Nov. 06, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Our provision for income tax primarily reflects taxes on international operations and state income taxes. The difference between the income tax provision that would be derived by applying the statutory rate to our income (loss) before income taxes and the income tax provision recorded was primarily attributable to changes in our valuation allowance, U.S. taxes on foreign income, stock-based compensation expense and state taxes driven by Internal Revenue Code (IRC) Section 174 capitalization. At the end of the third quarter of fiscal 2023, there were no material changes to either the nature or the amounts of the uncertain tax positions previously determined for fiscal 2022.

Segment Information

Segment Information	9 Months Ended
	Nov. 06, 2022
Segment Reporting [Abstract]
Segment Information	Segment Information Our chief operating decision maker is our Chief Executive Officer . Our chief operating decision maker reviews financial information presented on a consolidated basis fo r purposes of allocating resources and evaluating financial performance. Accordingly, we have a single reportable segment. Disaggregation of Revenue The following table depicts the disaggregation of revenue by geographic area based on the billing address of our customers and is consistent with how we evaluate our financial performance (in thousands): Third Quarter of Fiscal First Three Quarters of Fiscal 2022 2023 2022 2023 United States $ 408,732 $ 492,770 $ 1,057,015 $ 1,419,440 Rest of the world 154,008 183,280 415,263 523,787 Total revenue $ 562,740 $ 676,050 $ 1,472,278 $ 1,943,227 Long-Lived Assets by Geographic Area Long-lived assets, which are comprised of property and equipment, net, by geographic area are summarized as follows (in thousands): At the End of Fiscal 2022 Third Quarter of Fiscal 2023 United States $ 187,228 $ 236,404 Rest of the world 8,054 12,202 Total long-lived assets $ 195,282 $ 248,606

Basis of Presentation and Sum_2

Basis of Presentation and Summary of Significant Accounting Policies - (Policies)	9 Months Ended
	Nov. 06, 2022
Accounting Policies [Abstract]
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation We operate using a 52/53 week fiscal year ending on the first Sunday after January 30, which for fiscal 2022 was February 6, 2022 and for fiscal 2023 will be February 5, 2023. The third quarter of fiscal 2022 and 2023 ended on October 31, 2021 and November 6, 2022. Unless otherwise stated, all dates refer to our fiscal year and fiscal quarters. The condensed consolidated financial statements include the accounts of the Company and our wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.
Unaudited Interim Consolidated Financial Information	Unaudited Interim Consolidated Financial Information The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (U.S. GAAP) and applicable rules and regulations of the Securities and Exchange Commission regarding interim financial reporting. Certain information and note disclosures normally included in the financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such rules and regulations. Therefore, these condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes included in our Annual Report on Form 10-K for fiscal 2022. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all normal recurring adjustments necessary to present fairly the financial position, results of operations, comprehensive loss and cash flows for the interim periods, but are not necessarily indicative of the results of operations to be anticipated for the full fiscal year 2023 or any future period.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported and disclosed in the financial statements and accompanying notes. Actual results could differ from these estimates and assumptions due to risks and uncertainties. Such estimates include, but are not limited to, the determination of standalone selling price for revenue arrangements with multiple performance obligations when the price at which the performance obligation sold separately or observable past transactions are not available, useful lives of intangible assets and property and equipment, the period of benefit for deferred contract costs for commissions, stock-based compensation, provision for income taxes including related reserves, fair value of equity assumed, intangible and tangible assets acquired and liabilities assumed for business combinations. Management bases its estimates on historical experience and on various other assumptions which management believes to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities.
Restricted Cash	Restricted CashRestricted cash is comprised of cash collateral for letters of credit related to our leases and for a vendor credit card program.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements In October 2021, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers , which requires entities to apply revenue guidance to recognize and measure contract assets and contract liabilities acquired in a business combination on the acquisition date, instead of measuring them at fair value. We early adopted this guidance in the second quarter of fiscal 2023 on a prospective basis. The adoption of this standard did not have a material impact on our condensed consolidated financial statements. In August 2020, the FASB issued ASU 2020-06, A ccounting for Convertible Instruments and Contracts in an Entity's Own Equity
Fair Value Measurements	Fair Value Measurements We define fair value as the exchange price that would be received from sale of an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. We measure our financial assets and liabilities at fair value at each reporting period using a fair value hierarchy which requires us to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. A financial instrument’s classification within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Three levels of inputs may be used to measure fair value: • Level 1 - Observable inputs are unadjusted quoted prices in active markets for identical assets or liabilities; • Level 2 - Observable inputs are quoted prices for similar assets and liabilities in active markets or inputs other than quoted prices that are observable for the assets or liabilities, either directly or indirectly through market corroboration, for substantially the full term of the financial instruments; and • Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. These inputs are based on our own assumptions used to measure assets and liabilities at fair value and require significant management judgment or estimation.

Financial Instruments - (Tables

Financial Instruments - (Tables)	9 Months Ended
	Nov. 06, 2022
Investments, Debt and Equity Securities [Abstract]
Schedule of Cash Equivalents, Marketable Securities and Restricted Cash	The following tables summarize our cash equivalents, marketable securities and restricted cash by significant investment categories and their classification within the valuation hierarchy at the end of fiscal 2022 and the third quarter of fiscal 2023 (in thousands): At the End of Fiscal 2022 Amortized Gross Unrealized Gross Unrealized Fair Cash Equivalents Marketable Securities Restricted Cash Level 1 Money market accounts $ — $ — $ — $ 29,275 $ 18,731 $ — $ 10,544 Level 2 U.S. government treasury notes 336,303 512 (2,176) 334,639 — 334,639 — U.S. government agencies 49,153 49 (193) 49,009 — 49,009 — Corporate debt securities 491,728 384 (4,731) 487,381 200 487,181 — Foreign government bonds 12,333 37 (17) 12,353 — 12,353 — Asset-backed securities 60,361 111 (453) 60,019 — 60,019 — Municipal bonds 3,950 — (78) 3,872 — 3,872 — Total $ 953,828 $ 1,093 $ (7,648) $ 976,548 $ 18,931 $ 947,073 $ 10,544 At the End of the Third Quarter of Fiscal 2023 Amortized Gross Unrealized Gross Unrealized Fair Cash Equivalents Marketable Restricted Cash Level 1 Money market accounts $ — $ — $ — $ 297,756 $ 287,212 $ — $ 10,544 Level 2 U.S. government treasury notes 235,143 1 (5,901) 229,243 — 229,243 — U.S. government agencies 28,792 1 (496) 28,297 — 28,297 — Corporate debt securities 382,577 — (13,876) 368,701 — 368,701 — Foreign government bonds 4,798 — (79) 4,719 — 4,719 — Asset-backed securities 35,855 — (1,374) 34,481 — 34,481 — Municipal bonds 3,950 — (218) 3,732 — 3,732 — Total $ 691,115 $ 2 $ (21,944) $ 966,929 $ 287,212 $ 669,173 $ 10,544
Schedule of Amortized Cost and Estimated Fair Value	The amortized cost and estimated fair value of our marketable securities are shown below by contractual maturity (in thousands): At the End of the Third Quarter of Fiscal 2023 Amortized Cost Fair Value Due within one year $ 362,127 $ 355,765 Due in one to five years 328,988 313,408 Total $ 691,115 $ 669,173
Schedule of Gross Unrealized Losses and Fair Values	The following table presents gross unrealized losses and fair values for those investments that were in a continuous unrealized loss position at the end of fiscal 2022 and the third quarter of fiscal 2023, aggregated by investment category (in thousands): At the End of Fiscal 2022 Less than 12 months Greater than 12 months Total Fair Unrealized Fair Unrealized Fair Unrealized U.S. government treasury notes $ 193,359 $ (2,176) $ — $ — $ 193,359 $ (2,176) U.S. government agencies 24,388 (193) — — 24,388 (193) Corporate debt securities 374,223 (4,708) 1,182 (23) 375,405 (4,731) Foreign government bonds 4,098 (17) — — 4,098 (17) Asset-backed securities 37,608 (453) — — 37,608 (453) Municipal bonds 3,872 (78) — — 3,872 (78) Total $ 637,548 $ (7,625) $ 1,182 $ (23) $ 638,730 $ (7,648) At the End of the Third Quarter of Fiscal 2023 Less than 12 months Greater than 12 months Total Fair Unrealized Fair Unrealized Fair Unrealized U.S. government treasury notes $ 133,188 $ (2,603) $ 94,973 $ (3,298) $ 228,161 $ (5,901) U.S. government agencies 20,403 (390) 2,893 (106) 23,296 (496) Corporate debt securities 186,166 (5,289) 182,534 (8,587) 368,700 (13,876) Foreign government bonds 4,178 (30) 541 (49) 4,719 (79) Asset-backed securities 16,325 (197) 18,156 (1,177) 34,481 (1,374) Municipal bonds 1,401 (108) 2,331 (110) 3,732 (218) Total $ 361,661 $ (8,617) $ 301,428 $ (13,327) $ 663,089 $ (21,944)

Balance Sheet Components - (Tab

Balance Sheet Components - (Tables)	9 Months Ended
	Nov. 06, 2022
Balance Sheet Components Disclosure [Abstract]
Schedule of Inventory	Inventory consists of the following (in thousands): At the End of Fiscal 2022 Third Quarter of Fiscal 2023 Raw materials $ 15,734 $ 24,471 Finished goods 23,208 35,245 Inventory $ 38,942 $ 59,716
Schedule of Property and Equipment, Net	Property and equipment, net consists of the following (in thousands): At the End of Fiscal 2022 Third Quarter of Fiscal 2023 Test equipment $ 266,672 $ 306,088 Computer equipment and software 206,053 249,148 Furniture and fixtures 8,652 9,522 Leasehold improvements 47,443 58,931 Capitalized software development costs 8,528 14,795 Total property and equipment 537,348 638,484 Less: accumulated depreciation and amortization (342,066) (389,878) Property and equipment, net $ 195,282 $ 248,606
Schedule of Intangible Assets, Net	Intangible assets, net consist of the following (in thousands): At the End of Fiscal 2022 Third Quarter of Fiscal 2023 Gross Carrying Value Accumulated Amortization Net Carrying Amount Gross Carrying Value Accumulated Amortization Net Carrying Amount Technology patents $ 19,125 $ (13,544) $ 5,581 $ 19,125 $ (14,505) $ 4,620 Developed technology 80,166 (30,304) 49,862 83,211 (40,061) 43,150 Customer relationships 6,459 (1,246) 5,213 6,459 (1,936) 4,523 Trade name 3,623 (1,633) 1,990 3,623 (2,537) 1,086 Intangible assets, net $ 109,373 $ (46,727) $ 62,646 $ 112,418 $ (59,039) $ 53,379
Schedule of Expected Amortization Expenses for Intangible Assets	At the end of the third quarter of fiscal 2023, future expected amortization expense for intangible assets is as follows (in thousands): Fiscal Years Ending Estimated Future Remainder of 2023 $ 4,157 2024 16,210 2025 15,425 2026 12,830 2027 3,107 Thereafter 1,650 Total $ 53,379
Schedule of Goodwill	The change in the carrying amount of goodwill is as follows (in thousands): Amount Balance at the end of fiscal 2022 $ 358,736 Goodwill acquired 2,691 Balance at the end of the third quarter of fiscal 2023 $ 361,427
Schedule of Accrued Expenses and Other Liabilities	Accrued expenses and other liabilities consist of the following (in thousands): At the End of Fiscal 2022 Third Quarter of Fiscal 2023 Taxes payable $ 6,312 $ 10,249 Accrued marketing 13,257 13,543 Accrued cloud and outside services 6,135 4,614 Supply chain-related accruals 6,991 25,958 Accrued service logistics and professional services 6,244 6,564 Acquisition earn-out and deferred consideration 5,211 2,693 Customer deposits from contracts with customers 10,409 13,653 Other accrued liabilities 23,952 31,698 Total accrued expenses and other liabilities $ 78,511 $ 108,972

Deferred Revenue and Commissi_2

Deferred Revenue and Commissions - (Tables)	9 Months Ended
	Nov. 06, 2022
Revenue from Contract with Customer [Abstract]
Schedule of Deferred Commissions	Changes in total deferred commissions during the periods presented are as follows (in thousands): Third Quarter of Fiscal First Three Quarters of Fiscal 2022 2023 2022 2023 Beginning balance $ 195,965 $ 235,681 $ 187,924 $ 246,307 Additions 49,822 35,827 121,802 98,949 Recognition of deferred commissions (37,467) (36,376) (101,406) (110,124) Ending balance $ 208,320 $ 235,132 $ 208,320 $ 235,132
Schedule of Deferred Revenue	Changes in total deferred revenue during the periods presented are as follows (in thousands): Third Quarter of Fiscal First Three Quarters of Fiscal 2022 2023 2022 2023 Beginning balance $ 909,814 $ 1,178,691 $ 843,697 $ 1,079,872 Additions 208,542 313,279 611,006 854,535 Recognition of deferred revenue (168,606) (243,751) (504,953) (686,188) Ending balance $ 949,750 $ 1,248,219 $ 949,750 $ 1,248,219

Debt - (Tables)

Debt - (Tables)	9 Months Ended
	Nov. 06, 2022
Debt Disclosure [Abstract]
Schedule of Convertible Debt	The Notes consisted of the following (in thousands): At the End of Fiscal 2022 Third Quarter of Fiscal 2023 Liability: Principal $ 575,000 $ 575,000 Less: debt discount, net of amortization (35,641) — Less: debt issuance costs, net of amortization (2,580) (1,145) Net carrying amount of the Notes $ 536,779 $ 573,855 Stockholders' equity recorded at issuance: Allocated value of the conversion feature $ 136,333 $ — Less: debt issuance costs (3,068) — Additional paid-in capital $ 133,265 $ —
Schedule of Interest Expense	The following table sets forth total interest expense recognized related to the Notes for the third quarter and first three quarters of fiscal 2022 and 2023 (in thousands): Third Quarter of Fiscal First Three Quarters of Fiscal 2022 2023 2022 2023 Amortization of debt discount $ 7,184 $ — $ 21,029 $ — Amortization of debt issuance costs 520 650 1,523 1,947 Total amortization of debt discount and debt issuance costs 7,704 650 22,552 1,947 Contractual interest expense 181 179 537 537 Total interest expense related to the Notes $ 7,885 $ 829 $ 23,089 $ 2,484 Effective interest rate of the liability component 5.6 % 0.6 % 5.6 % 0.6 %

Leases - (Tables)

Leases - (Tables)	9 Months Ended
	Nov. 06, 2022
Leases [Abstract]
Components of Lease Cost	The components of lease costs during the periods presented were as follows (in thousands): Third Quarter of Fiscal First Three Quarters of Fiscal 2022 2023 2022 2023 Fixed operating lease cost $ 9,652 $ 13,412 $ 28,717 $ 34,483 Variable lease cost (1) 2,851 931 6,499 4,753 Short-term lease cost (12 months or less) 851 1,096 2,984 2,712 Finance lease cost: Amortization of finance lease right-of-use assets 91 926 152 1,929 Interest on finance lease liabilities 13 98 18 197 Total finance lease cost $ 104 $ 1,024 $ 170 $ 2,126 Total lease cost $ 13,458 $ 16,463 $ 38,370 $ 44,074 ____________________________________ (1) Variable lease cost predominantly included common area maintenance charges. Supplemental information related to leases is as follows (in thousands): At the End of Fiscal 2022 Third Quarter of Fiscal 2023 Operating leases: Weighted-average remaining lease term (in years) 4.5 5.5 Weighted-average discount rate 5.7 % 6.1 % Finance leases: Finance lease right-of-use assets, gross (1) $ 3,577 $ 17,597 Accumulated amortization (1) (384) (2,313) Finance lease right-of-use assets, net (1) $ 3,193 $ 15,284 Finance lease liabilities, current (2) 1,035 5,367 Finance lease liabilities, non-current (3) 1,487 5,378 Total finance lease liabilities $ 2,522 $ 10,745 Weighted-average remaining lease term (in years) 3.6 3.5 Weighted-average discount rate 2.7 % 4.9 % ____________________________________ (1) Included in the condensed consolidated balance sheets within property and equipment, net. (2) Included in the condensed consolidated balance sheets within accrued expenses and other liabilities. (3) Included in the condensed consolidated balance sheets within other liabilities, non-current.
Schedule of Supplemental Cash Flow Information Related to Leases	Supplemental cash flow information related to leases is as follows (in thousands): First Three Quarters of Fiscal 2022 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows for operating leases $ 27,379 $ 38,853 Financing cash outflows for finance leases $ 414 $ 5,323 Right-of-use assets obtained in exchange for lease liabilities: Operating leases $ 3,594 $ 77,986 Finance leases $ 3,110 $ 14,019
Schedule of Future Operating Lease Payments	Future lease payments under our non-cancelable leases at the end of the third quarter of fiscal 2023 were as follows (in thousands): Fiscal Years Ending Operating Leases Finance Leases The remainder of 2023 $ 11,256 $ 681 2024 42,783 5,839 2025 44,900 4,728 2026 34,261 183 2027 20,968 — Thereafter 65,336 — Total future lease payments 219,504 11,431 Less: imputed interest (41,280) (686) Present value of total lease liabilities $ 178,224 $ 10,745

Equity Incentive Plans - (Table

Equity Incentive Plans - (Tables)	9 Months Ended
	Nov. 06, 2022
Share-Based Payment Arrangement [Abstract]
Summary of Stock Option Activity Under Equity Incentive Plans and Related Information	A summary of the stock option activity under our equity incentive plans and related information is as follows: Options Outstanding Number of Weighted- Weighted- Aggregate Balance at the end of fiscal 2022 12,268,938 $ 10.25 3.5 $ 198,266 Options exercised (2,316,226) 8.26 Options forfeited (11,137) 1.82 Balance at the end of the third quarter of fiscal 2023 9,941,575 $ 10.73 2.8 $ 195,398 Vested and exercisable at the end of the third quarter of fiscal 2023 9,656,378 $ 10.94 2.7 $ 187,290
Schedule of Share-based Compensation, Restricted Stock Units Award Activity	A summary of the RSU and PRSU activity under our equity incentive plans and related information is as follows: Number of Weighted- Aggregate Unvested balance at the end of fiscal 2022 28,712,878 $ 19.53 $ 757,446 Granted 13,297,023 29.96 Vested (10,632,285) 19.75 Forfeited (2,950,347) 21.58 Unvested balance at the end of the third quarter of fiscal 2023 28,427,269 $ 24.11 $ 862,824
Schedule of Restricted Stock Activity	A summary of the restricted stock activity under our 2015 Plan and related information is as follows: Number of Weighted- Aggregate Unvested balance at the end of fiscal 2022 54,977 $ 20.02 $ 1,450 Vested (54,977) 20.02 Forfeited — — Unvested balance at the end of the third quarter of fiscal 2023 — $ — $ —
Summarizes the Components of Stock-Based Compensation	The following table summarizes the components of stock-based compensation expense recognized in the condensed consolidated statements of operations (in thousands): Third Quarter of Fiscal First Three Quarters of Fiscal 2022 2023 2022 2023 Cost of revenue—product $ 1,634 $ 2,984 $ 4,547 $ 7,454 Cost of revenue—subscription services 5,555 5,814 15,098 16,978 Research and development 36,797 42,390 102,343 120,482 Sales and marketing 19,151 18,441 54,317 54,740 General and administrative 12,863 17,350 31,458 45,460 Total stock-based compensation expense $ 76,000 $ 86,979 $ 207,763 $ 245,114

Net Loss per Share Attributab_2

Net Loss per Share Attributable to Common Stockholders - (Tables)	9 Months Ended
	Nov. 06, 2022
Earnings Per Share [Abstract]
Summary of Computation of Basic and Diluted Net Loss per Share Attributable to Common Stockholders	The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders (in thousands, except per share data): Third Quarter of Fiscal First Three Quarters of Fiscal 2022 2023 2022 2023 Net loss $ (28,731) $ (787) $ (158,202) $ (1,400) Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted 287,462 300,984 283,918 298,101 Net loss per share attributable to common stockholders, basic and diluted $ (0.10) $ (0.00) $ (0.56) $ (0.00)
Summary of Weighted-average Outstanding Shares Excluded from Computation of Diluted Net Loss per Share Attributable to Common Stockholders	The following weighted-average outstanding shares of common stock equivalents were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented because including them would have been anti-dilutive (in thousands): Third Quarter of Fiscal First Three Quarters of Fiscal 2022 2023 2022 2023 Stock options to purchase common stock 15,194 10,164 16,623 10,812 Unvested RSUs and PRSUs 32,937 29,809 33,541 30,510 Unvested restricted stock 176 — 319 8 Shares related to convertible senior notes 21,884 21,884 21,884 21,884 Shares issuable pursuant to the ESPP 1,121 450 1,121 450 Total 71,312 62,307 73,488 63,664

Other Income (Expense), Net - (

Other Income (Expense), Net - (Tables)	9 Months Ended
	Nov. 06, 2022
Other Income and Expenses [Abstract]
Summary of Other Income (Expense)	Other income (expense), net consists of the following (in thousands): Third Quarter of Fiscal First Three Quarters of Fiscal 2022 2023 2022 2023 Interest income (1) $ 2,082 $ 3,969 $ 7,186 $ 8,280 Interest expense (2) (9,103) (1,117) (26,767) (3,600) Foreign currency transactions net losses (1,729) (6,663) (2,927) (15,689) Other income 797 997 2,418 2,599 Total other income (expense), net $ (7,953) $ (2,814) $ (20,090) $ (8,410) ____________________________________ (1) Interest income includes interest income related to our cash, cash equivalents and marketable securities and non-cash interest income (expense) related to accretion (amortization) of the discount (premium) on marketable securities. (2) Interest expense includes non-cash interest expense related to amortization of the debt discount and debt issuance costs, contractual interest expense related to our debt and accretion of our finance lease liabilities.

Segment Information - (Tables)

Segment Information - (Tables)	9 Months Ended
	Nov. 06, 2022
Segment Reporting [Abstract]
Schedule of Revenue by Geographic Area	The following table depicts the disaggregation of revenue by geographic area based on the billing address of our customers and is consistent with how we evaluate our financial performance (in thousands): Third Quarter of Fiscal First Three Quarters of Fiscal 2022 2023 2022 2023 United States $ 408,732 $ 492,770 $ 1,057,015 $ 1,419,440 Rest of the world 154,008 183,280 415,263 523,787 Total revenue $ 562,740 $ 676,050 $ 1,472,278 $ 1,943,227
Schedule of Long-Lived Assets by Geographic Area	Long-lived assets, which are comprised of property and equipment, net, by geographic area are summarized as follows (in thousands): At the End of Fiscal 2022 Third Quarter of Fiscal 2023 United States $ 187,228 $ 236,404 Rest of the world 8,054 12,202 Total long-lived assets $ 195,282 $ 248,606

Financial Instruments - Cash Eq

Financial Instruments - Cash Equivalents, Marketable Securities and Restricted Cash (Details) - USD ($) $ in Thousands	Nov. 06, 2022	Feb. 06, 2022
Debt Securities, Available-for-sale [Line Items]
Fair Value	$ 669,173
Cash Equivalents	287,212	$ 18,931
Marketable Securities	669,173	947,073
Restricted Cash	10,544	10,544
Amortized Cost	691,115	953,828
Total gross unrealized gains	2	1,093
Total gross unrealized losses	(21,944)	(7,648)
Total fair value	966,929	976,548
Level 1 | Money market accounts
Debt Securities, Available-for-sale [Line Items]
Fair Value	297,756	29,275
Cash Equivalents	287,212	18,731
Marketable Securities	0	0
Restricted Cash	10,544	10,544
Level 2 | U.S. government treasury notes
Debt Securities, Available-for-sale [Line Items]
Total	235,143	336,303
Gross Unrealized Gains	1	512
Gross Unrealized Losses	(5,901)	(2,176)
Fair Value	229,243	334,639
Cash Equivalents	0	0
Marketable Securities	229,243	334,639
Restricted Cash	0	0
Level 2 | U.S. government agencies
Debt Securities, Available-for-sale [Line Items]
Total	28,792	49,153
Gross Unrealized Gains	1	49
Gross Unrealized Losses	(496)	(193)
Fair Value	28,297	49,009
Cash Equivalents	0	0
Marketable Securities	28,297	49,009
Restricted Cash	0	0
Level 2 | Corporate debt securities
Debt Securities, Available-for-sale [Line Items]
Total	382,577	491,728
Gross Unrealized Gains	0	384
Gross Unrealized Losses	(13,876)	(4,731)
Fair Value	368,701	487,381
Cash Equivalents	0	200
Marketable Securities	368,701	487,181
Restricted Cash	0	0
Level 2 | Foreign government bonds
Debt Securities, Available-for-sale [Line Items]
Total	4,798	12,333
Gross Unrealized Gains	0	37
Gross Unrealized Losses	(79)	(17)
Fair Value	4,719	12,353
Cash Equivalents	0	0
Marketable Securities	4,719	12,353
Restricted Cash	0	0
Level 2 | Asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Total	35,855	60,361
Gross Unrealized Gains	0	111
Gross Unrealized Losses	(1,374)	(453)
Fair Value	34,481	60,019
Cash Equivalents	0	0
Marketable Securities	34,481	60,019
Restricted Cash	0	0
Level 2 | Municipal bonds
Debt Securities, Available-for-sale [Line Items]
Total	3,950	3,950
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(218)	(78)
Fair Value	3,732	3,872
Cash Equivalents	0	0
Marketable Securities	3,732	3,872
Restricted Cash	$ 0	$ 0

Financial Instruments - Amortiz

Financial Instruments - Amortized Cost and Estimated Fair Value (Details) - USD ($)	3 Months Ended		9 Months Ended
	Nov. 06, 2022	Oct. 31, 2021	Nov. 06, 2022	Oct. 31, 2021	Feb. 06, 2022
Amortized Cost
Due within one year	$ 362,127,000		$ 362,127,000
Due in one to five years	328,988,000		328,988,000
Total	691,115,000		691,115,000		$ 953,828,000
Fair Value
Due within one year	355,765,000		355,765,000
Due in one to five years	313,408,000		313,408,000
Total	669,173,000		669,173,000
Impairment charge for unrealized losses	$ 0	$ 0	$ 0	$ 0

Financial Instruments - Gross U

Financial Instruments - Gross Unrealized Losses and Fair Values (Details) - USD ($) $ in Thousands	Nov. 06, 2022	Feb. 06, 2022
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Fair Value, Less than 12 months	$ 361,661	$ 637,548
Unrealized Loss, Less than 12 months	(8,617)	(7,625)
Fair Value, Greater than 12 months	301,428	1,182
Unrealized Loss, Greater than 12 months	(13,327)	(23)
Fair Value, Total	663,089	638,730
Unrealized Loss, Total	(21,944)	(7,648)
U.S. government treasury notes
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Fair Value, Less than 12 months	133,188	193,359
Unrealized Loss, Less than 12 months	(2,603)	(2,176)
Fair Value, Greater than 12 months	94,973	0
Unrealized Loss, Greater than 12 months	(3,298)	0
Fair Value, Total	228,161	193,359
Unrealized Loss, Total	(5,901)	(2,176)
U.S. government agencies
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Fair Value, Less than 12 months	20,403	24,388
Unrealized Loss, Less than 12 months	(390)	(193)
Fair Value, Greater than 12 months	2,893	0
Unrealized Loss, Greater than 12 months	(106)	0
Fair Value, Total	23,296	24,388
Unrealized Loss, Total	(496)	(193)
Corporate debt securities
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Fair Value, Less than 12 months	186,166	374,223
Unrealized Loss, Less than 12 months	(5,289)	(4,708)
Fair Value, Greater than 12 months	182,534	1,182
Unrealized Loss, Greater than 12 months	(8,587)	(23)
Fair Value, Total	368,700	375,405
Unrealized Loss, Total	(13,876)	(4,731)
Foreign government bonds
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Fair Value, Less than 12 months	4,178	4,098
Unrealized Loss, Less than 12 months	(30)	(17)
Fair Value, Greater than 12 months	541	0
Unrealized Loss, Greater than 12 months	(49)	0
Fair Value, Total	4,719	4,098
Unrealized Loss, Total	(79)	(17)
Asset-backed securities
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Fair Value, Less than 12 months	16,325	37,608
Unrealized Loss, Less than 12 months	(197)	(453)
Fair Value, Greater than 12 months	18,156	0
Unrealized Loss, Greater than 12 months	(1,177)	0
Fair Value, Total	34,481	37,608
Unrealized Loss, Total	(1,374)	(453)
Municipal bonds
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Fair Value, Less than 12 months	1,401	3,872
Unrealized Loss, Less than 12 months	(108)	(78)
Fair Value, Greater than 12 months	2,331	0
Unrealized Loss, Greater than 12 months	(110)	0
Fair Value, Total	3,732	3,872
Unrealized Loss, Total	$ (218)	$ (78)

Basis of Presentation and Sum_3

Basis of Presentation and Summary of Significant Accounting Policies - Narrative (Details) - USD ($) $ in Thousands	Feb. 07, 2022	Nov. 06, 2022	Feb. 06, 2022	Oct. 31, 2021
Accounting Policies [Abstract]
Restricted cash		$ 10,544	$ 10,544	$ 10,544
Reduction in additional paid-in capital	$ 133,300
Debt instrument increase net	35,200
Accumulated deficit	$ 98,100	$ 1,611,533	$ 1,708,271

Balance Sheet Components - Inve

Balance Sheet Components - Inventory (Details) - USD ($) $ in Thousands	Nov. 06, 2022	Feb. 06, 2022
Balance Sheet Components Disclosure [Abstract]
Raw materials	$ 24,471	$ 15,734
Finished goods	35,245	23,208
Inventory	$ 59,716	$ 38,942

Balance Sheet Components - Prop

Balance Sheet Components - Property and Equipment, Net (Details) - USD ($) $ in Thousands	Nov. 06, 2022	Feb. 06, 2022
Property Plant And Equipment [Line Items]
Total property and equipment	$ 638,484	$ 537,348
Less: accumulated depreciation and amortization	(389,878)	(342,066)
Property and equipment, net	248,606	195,282
Test equipment
Property Plant And Equipment [Line Items]
Total property and equipment	306,088	266,672
Computer equipment and software
Property Plant And Equipment [Line Items]
Total property and equipment	249,148	206,053
Furniture and fixtures
Property Plant And Equipment [Line Items]
Total property and equipment	9,522	8,652
Leasehold improvements
Property Plant And Equipment [Line Items]
Total property and equipment	58,931	47,443
Capitalized software development costs
Property Plant And Equipment [Line Items]
Total property and equipment	$ 14,795	$ 8,528

Balance Sheet Components - Narr

Balance Sheet Components - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Nov. 06, 2022	Oct. 31, 2021	Nov. 06, 2022	Oct. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Depreciation and amortization	$ 22.2	$ 17.5	$ 61	$ 47.2
Intangible assets amortization expense	$ 4.1	$ 4	$ 12.3	$ 12.4
Technology patents
Finite-Lived Intangible Assets [Line Items]
Useful Life (in years)	1 year 8 months 12 days
Developed technology
Finite-Lived Intangible Assets [Line Items]
Useful Life (in years)	3 years 3 months 18 days
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Useful Life (in years)	4 years 10 months 24 days
Trade name
Finite-Lived Intangible Assets [Line Items]
Useful Life (in years)	10 months 24 days

Balance Sheet Components - Inta

Balance Sheet Components - Intangible Assets, Net (Details) - USD ($) $ in Thousands	Nov. 06, 2022	Feb. 06, 2022
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 112,418	$ 109,373
Accumulated Amortization	(59,039)	(46,727)
Net Carrying Amount	53,379	62,646
Technology patents
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	19,125	19,125
Accumulated Amortization	(14,505)	(13,544)
Net Carrying Amount	4,620	5,581
Developed technology
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	83,211	80,166
Accumulated Amortization	(40,061)	(30,304)
Net Carrying Amount	43,150	49,862
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	6,459	6,459
Accumulated Amortization	(1,936)	(1,246)
Net Carrying Amount	4,523	5,213
Trade name
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	3,623	3,623
Accumulated Amortization	(2,537)	(1,633)
Net Carrying Amount	$ 1,086	$ 1,990

Balance Sheet Components - Expe

Balance Sheet Components - Expected Amortization Expenses for Intangible Assets (Details) - USD ($) $ in Thousands	Nov. 06, 2022	Feb. 06, 2022
Balance Sheet Components Disclosure [Abstract]
Remainder of 2023	$ 4,157
2024	16,210
2025	15,425
2026	12,830
2027	3,107
Thereafter	1,650
Net Carrying Amount	$ 53,379	$ 62,646

Balance Sheet Components - Good

Balance Sheet Components - Goodwill (Details) - USD ($)	3 Months Ended		9 Months Ended
	Nov. 06, 2022	Oct. 31, 2021	Nov. 06, 2022	Oct. 31, 2021
Goodwill [Roll Forward]
Goodwill, Beginning Balance			$ 358,736,000
Goodwill acquired			2,691,000
Goodwill, Ending Balance	$ 361,427,000		361,427,000
Impairments to goodwill	$ 0	$ 0	$ 0	$ 0

Balance Sheet Components - Accr

Balance Sheet Components - Accrued Expenses and Other Liabilities (Details) - USD ($) $ in Thousands	Nov. 06, 2022	Feb. 06, 2022
Balance Sheet Components Disclosure [Abstract]
Taxes payable	$ 10,249	$ 6,312
Accrued marketing	13,543	13,257
Accrued cloud and outside services	4,614	6,135
Supply chain-related accruals	25,958	6,991
Accrued service logistics and professional services	6,564	6,244
Acquisition earn-out and deferred consideration	2,693	5,211
Customer deposits from contracts with customers	13,653	10,409
Other accrued liabilities	31,698	23,952
Total accrued expenses and other liabilities	$ 108,972	$ 78,511

Deferred Revenue and Commissi_3

Deferred Revenue and Commissions - Deferred Commissions (Details) - USD ($)	3 Months Ended		9 Months Ended
	Nov. 06, 2022	Oct. 31, 2021	Nov. 06, 2022	Oct. 31, 2021
Deferred Commissions [Roll Forward]
Beginning balance	$ 235,681,000	$ 195,965,000	$ 246,307,000	$ 187,924,000
Additions	35,827,000	49,822,000	98,949,000	121,802,000
Recognition of deferred commissions	(36,376,000)	(37,467,000)	(110,124,000)	(101,406,000)
Ending balance	$ 235,132,000	208,320,000	$ 235,132,000	208,320,000
Commission expected to be recognized over the next 12 months (percent)	30%		30%
Impairment of capitalized commissions	$ 0	$ 0	$ 0	$ 0

Deferred Revenue and Commissi_4

Deferred Revenue and Commissions - Deferred Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 06, 2022	Oct. 31, 2021	Nov. 06, 2022	Oct. 31, 2021
Contract Liability
Additions	$ 35,827	$ 49,822	$ 98,949	$ 121,802
Recognition of deferred revenue	(36,376)	(37,467)	(110,124)	(101,406)
Product Revenue and Support Subscription Revenue
Contract Liability
Beginning balance	1,178,691	909,814	1,079,872	843,697
Additions	313,279	208,542	854,535	611,006
Recognition of deferred revenue	(243,751)	(168,606)	(686,188)	(504,953)
Ending balance	$ 1,248,219	$ 949,750	$ 1,248,219	$ 949,750

Deferred Revenue and Commissi_5

Deferred Revenue and Commissions - Remaining Performance Obligation (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Nov. 06, 2022	Oct. 31, 2021	Nov. 06, 2022	Oct. 31, 2021
Revenue from Contract with Customer [Abstract]
Deferred revenue recognized	$ 216.8	$ 163.2	$ 466	$ 356.2
Contracted but not recognized revenue	$ 1,600		$ 1,600
Contracted but not recognized revenue expected to be recognized in the next 12 months (percent)	47%		47%

Deferred Revenue and Commissi_6

Deferred Revenue and Commissions - Remaining Performance Obligation Period (Details)	Nov. 06, 2022
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-11-07
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized term (in months)	12 months

Debt - Narrative (Details)

Debt - Narrative (Details)			1 Months Ended		3 Months Ended			9 Months Ended		12 Months Ended
	Feb. 07, 2022 USD ($)	Aug. 24, 2020 USD ($) financial_ratio	Feb. 28, 2022 USD ($)	Apr. 30, 2018 USD ($) shares $ / shares	Nov. 06, 2022 USD ($) $ / shares	May 08, 2022 USD ($)	Oct. 31, 2021 USD ($)	Nov. 06, 2022 USD ($) $ / shares	Oct. 31, 2021 USD ($)	Feb. 06, 2022 USD ($)	Apr. 04, 2018 $ / shares
Debt Instrument [Line Items]
Closing price of stock (in dollars per share) | $ / shares					$ 30.34			$ 30.34
Revolving Credit Facility
Debt Instrument [Line Items]
Term of credit facility		5 years
Senior secured revolving credit facility maximum capacity		$ 300,000,000
Credit facility maturity period prior to stated maturity if out of compliance with liquidity threshold		91 days
Credit facility, daily minimum sum of cash and cash equivalents and aggregate unused commitments to prevent maturity prior to stated maturity		$ 625,000,000
Repayments of lines of credit			$ 250,000,000
Interest during the period (percent)						1.61%	1.59%		1.60%
Interest expense						$ 300,000	$ 1,000,000		$ 3,000,000
Number of financial ratios | financial_ratio		2
Consolidated leverage ratio, maximum					4.5
Interest coverage ratio, minimum					3
Revolving Credit Facility | Minimum
Debt Instrument [Line Items]
Commitment Fee (percent)		0.25%
Revolving Credit Facility | Maximum
Debt Instrument [Line Items]
Commitment Fee (percent)		0.40%
Revolving Credit Facility | Base Rate | Minimum
Debt Instrument [Line Items]
Margin rate (percent)		0.50%
Revolving Credit Facility | Base Rate | Maximum
Debt Instrument [Line Items]
Margin rate (percent)		1.25%
Revolving Credit Facility | London Interbank Offered Rate (LIBOR) | Interest Rate Floor
Debt Instrument [Line Items]
Effective interest rate (percent)		0%
Revolving Credit Facility | London Interbank Offered Rate (LIBOR) | Minimum
Debt Instrument [Line Items]
Margin rate (percent)		1.50%
Revolving Credit Facility | London Interbank Offered Rate (LIBOR) | Maximum
Debt Instrument [Line Items]
Margin rate (percent)		2.25%
Capped Call
Debt Instrument [Line Items]
Payment for purchase of capped calls				$ 64,600,000
Class A
Debt Instrument [Line Items]
Closing price of stock (in dollars per share) | $ / shares					$ 30.34			$ 30.34
Class A | Capped Call
Debt Instrument [Line Items]
Exercise price (in dollars per share) | $ / shares											$ 39.66
Exercise price premium percentage over last reported sales price											100%
Convertible Senior Notes
Debt Instrument [Line Items]
Debt issuance costs					$ 1,145,000			$ 1,145,000		$ 2,580,000
Additional Paid-in Capital
Debt Instrument [Line Items]
Allocated value of the conversion feature										$ 136,333,000
Convertible Senior Notes
Debt Instrument [Line Items]
Principal amount				$ 575,000,000
Interest rate (as a percent)				0.125%
Repayments of borrowing				$ 562,100,000
Conversion percentage of principal amount plus accrued and unpaid contingent interest				100%
Debt issuance costs	$ 12,900,000
Convertible debt, fair value based on the closing trading price per $100 of the Notes					691,900,000			691,900,000
If-converted value					664,000,000			$ 664,000,000
Remaining term of the notes								5 months
Interest expense					$ 829,000		$ 7,885,000	$ 2,484,000	$ 23,089,000
Convertible Senior Notes | Liability Component
Debt Instrument [Line Items]
Debt issuance costs	9,800,000
Convertible Senior Notes | Class A
Debt Instrument [Line Items]
Number of convertible shares at initial conversion rate (in shares) | shares				21,884,155
Conversion ratio (in shares)				0.0380594
Conversion price (in dollars per share) | $ / shares				$ 26.27
Convertible Senior Notes | Additional Paid-in Capital
Debt Instrument [Line Items]
Allocated value of the conversion feature	136,300,000
Debt issuance costs	$ 3,100,000

Debt - Convertible Debt (Detail

Debt - Convertible Debt (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 06, 2022	Nov. 06, 2022
Convertible Senior Notes
Liability:
Principal	$ 575,000	$ 575,000
Less: debt discount, net of amortization	(35,641)	0
Less: debt issuance costs, net of amortization	(2,580)	(1,145)
Net carrying amount of the Notes	536,779	$ 573,855
Additional Paid-in Capital
Stockholders' equity recorded at issuance:
Allocated value of the conversion feature	136,333
Less: debt issuance costs	(3,068)
Additional paid-in capital	$ 133,265

Debt - Interest Expense (Detail

Debt - Interest Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 06, 2022	Oct. 31, 2021	Nov. 06, 2022	Oct. 31, 2021
Debt Instrument [Line Items]
Total amortization of debt discount and debt issuance costs			$ 2,406	$ 23,011
Convertible Senior Notes
Debt Instrument [Line Items]
Amortization of debt discount	$ 0	$ 7,184	0	21,029
Amortization of debt issuance costs	650	520	1,947	1,523
Total amortization of debt discount and debt issuance costs	650	7,704	1,947	22,552
Contractual interest expense	179	181	537	537
Total interest expense related to the Notes	$ 829	$ 7,885	$ 2,484	$ 23,089
Effective interest rate of the liability component ( as a percent)	0.60%	5.60%	0.60%	5.60%

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) - USD ($)	Nov. 06, 2022	Feb. 06, 2022
Commitments and Contingencies Disclosure [Abstract]
Outstanding letters of credit	$ 8,000,000	$ 6,700,000
Loss contingency	$ 0

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Thousands	1 Months Ended
	Jun. 30, 2022	May 31, 2024	Nov. 06, 2022	Aug. 31, 2022
Lessee, Lease, Description [Line Items]
Sublease term	8 years
Total lease payments that include rent escalation and abatement clauses	$ 100,200		$ 219,504	$ 89,400
Forecast
Lessee, Lease, Description [Line Items]
Total lease payments that include rent escalation and abatement clauses		$ 10,800

Leases - Lease costs (Details)

Leases - Lease costs (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 06, 2022	Oct. 31, 2021	Nov. 06, 2022	Oct. 31, 2021
Leases [Abstract]
Fixed operating lease cost	$ 13,412	$ 9,652	$ 34,483	$ 28,717
Variable lease cost	931	2,851	4,753	6,499
Short-term lease cost (12 months or less)	1,096	851	2,712	2,984
Amortization of finance lease right-of-use assets	926	91	1,929	152
Interest on finance lease liabilities	98	13	197	18
Total finance lease cost	1,024	104	2,126	170
Total lease cost	$ 16,463	$ 13,458	$ 44,074	$ 38,370

Leases - Lease term and discoun

Leases - Lease term and discount rate (Details) - USD ($) $ in Thousands	Nov. 06, 2022	Feb. 06, 2022
Operating leases:
Weighted-average remaining lease term (in years)	5 years 6 months	4 years 6 months
Weighted-average discount rate	6.10%	5.70%
Finance leases:
Finance lease right-of-use assets, gross	$ 17,597	$ 3,577
Accumulated amortization	(2,313)	(384)
Finance lease right-of-use assets, net	15,284	3,193
Finance lease liabilities, current	5,367	1,035
Finance lease liabilities, non-current	5,378	1,487
Present value of total lease liabilities	$ 10,745	$ 2,522
Weighted-average remaining lease term (in years)	3 years 6 months	3 years 7 months 6 days
Weighted-average discount rate	4.90%	2.70%

Leases - Supplemental cash flow

Leases - Supplemental cash flow information related to leases (Details) - USD ($) $ in Thousands	9 Months Ended
	Nov. 06, 2022	Oct. 31, 2021
Leases [Abstract]
Operating cash outflows for operating leases	$ 38,853	$ 27,379
Financing cash outflows for finance leases	5,323	414
Operating leases	77,986	3,594
Finance leases	$ 14,019	$ 3,110

Leases - Future minimum lease p

Leases - Future minimum lease payments (Details) - USD ($) $ in Thousands	Nov. 06, 2022	Aug. 31, 2022	Jun. 30, 2022	Feb. 06, 2022
Operating Leases
The remainder of 2023	$ 11,256
2024	42,783
2025	44,900
2026	34,261
2027	20,968
Thereafter	65,336
Total future lease payments	219,504	$ 89,400	$ 100,200
Less: imputed interest	(41,280)
Present value of total lease liabilities	178,224
Finance Leases
The remainder of 2023	681
2024	5,839
2025	4,728
2026	183
2027	0
Thereafter	0
Total future lease payments	11,431
Less: imputed interest	(686)
Present value of total lease liabilities	$ 10,745			$ 2,522

Stockholders' Equity - Narrativ

Stockholders' Equity - Narrative (Details) $ / shares in Units, $ in Millions	3 Months Ended	9 Months Ended
	Nov. 06, 2022 USD ($) stock_class $ / shares shares	Nov. 06, 2022 USD ($) stock_class $ / shares shares	Mar. 31, 2022 USD ($)	Feb. 06, 2022 $ / shares shares
Class of Stock [Line Items]
Preferred stock, shares authorized (in shares)	20,000,000	20,000,000		20,000,000
Preferred stock, shares issued (in shares)	0	0		0
Preferred stock, shares outstanding (in shares)	0	0		0
Number of classes of stock | stock_class	2	2
Common stock, shares authorized (in shares)	2,250,000,000	2,250,000,000		2,250,000,000
Additional value approved for repurchase | $			$ 250
Stock repurchased and retired (in shares)	888,433	5,410,150
Shares repurchased and retired, average purchase price (in dollars per share) | $ / shares	$ 27.63	$ 27.99
Stock repurchased and retired during period, value | $	$ 24.6	$ 151.5
Authorized amount remaining under stock repurchase program | $	$ 98.5	$ 98.5
Class A
Class of Stock [Line Items]
Common stock, shares authorized (in shares)	2,000,000,000	2,000,000,000		2,000,000,000
Common stock, par value per share (in dollars per share) | $ / shares	$ 0.0001	$ 0.0001		$ 0.0001
Common stock, shares issued (in shares)	302,668,981	302,668,981		292,633,000
Common stock, shares outstanding (in shares)	302,668,981	302,668,981		292,633,000
Class B
Class of Stock [Line Items]
Common stock, shares authorized (in shares)	250,000,000	250,000,000		250,000,000
Common stock, par value per share (in dollars per share) | $ / shares	$ 0.0001	$ 0.0001		$ 0.0001

Equity Incentive Plans - Narrat

Equity Incentive Plans - Narrative (Details)	3 Months Ended			9 Months Ended
	Nov. 06, 2022 USD ($) period shares	May 08, 2022 shares	Oct. 31, 2021 USD ($)	Nov. 06, 2022 USD ($) plan period shares	Oct. 31, 2021 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of equity incentive plans | plan				2
Equity awards expiration period (no later than)				10 years
Total stock-based compensation expense	$ 86,979,000		$ 76,000,000	$ 245,114,000	$ 207,763,000
PRSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Additional share issued | shares		647,586
Cancelled (in shares) | shares		34,960
2015 Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee stock purchase plan offering period				24 months
Number of purchase periods | period	4			4
Purchase period, term				6 months
ESPP modification charge	$ 10,400,000
Total stock-based compensation expense	5,500,000		$ 8,900,000	$ 17,300,000	$ 25,300,000
Unrecognized stock-based compensation expense	$ 37,800,000			$ 37,800,000
Compensation cost (in years)				1 year 9 months 18 days
2015 Employee Stock Purchase Plan | Class A
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Payroll deductions percentage	30%			30%
Share cap for ESPP at purchase date (in shares) | shares	3,000			3,000
Dollar cap per purchase period				$ 7,500
Calendar year gap for ESPP contribution amount				$ 25,000
Purchase price as percentage of fair market value of common stock				85%
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)				2 years
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)				4 years

Equity Incentive Plans - Equity

Equity Incentive Plans - Equity Incentive Plans (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Nov. 06, 2022	Oct. 31, 2021	Nov. 06, 2022	Oct. 31, 2021	Feb. 06, 2022
Number of Shares
Beginning balance (in shares)			12,268,938
Options exercised (in shares)			(2,316,226)
Options forfeited (in shares)			(11,137)
Ending balance (in shares)	9,941,575		9,941,575		12,268,938
Vested and exercisable (in shares)	9,656,378		9,656,378
Weighted- Average Exercise Price
Beginning balance (in dollars per share)			$ 10.25
Options exercised (in dollars per share)			8.26
Options forfeited/canceled (in dollars per share)			1.82
Ending balance (in dollars per share)	$ 10.73		10.73		$ 10.25
Weighted Average Exercise Price, Vested and exercisable (in dollars per share)	$ 10.94		$ 10.94
Weighted- Average Remaining Contractual Life (In Years)
Weighted Average Remaining Contractual Life (in years)			2 years 9 months 18 days		3 years 6 months
Weighted Average Remaining Contractual Life, Vested and exercisable (in years)			2 years 8 months 12 days
Aggregate Intrinsic Value
Aggregate Intrinsic Value	$ 195,398		$ 195,398		$ 198,266
Aggregate Intrinsic Value, Vested and exercisable	$ 187,290		$ 187,290
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Closing price of stock (in dollars per share)	$ 30.34		$ 30.34
Total stock-based compensation expense	$ 86,979	$ 76,000	$ 245,114	$ 207,763
Unrecognized compensation cost, stock options	3,400		3,400
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 1,200	$ 1,700	$ 4,000	$ 6,000
Compensation cost (in years)			1 year 2 months 12 days
Class A
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Closing price of stock (in dollars per share)	$ 30.34		$ 30.34

Equity Incentive Plans - Restri

Equity Incentive Plans - Restricted Stock Units (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended			9 Months Ended
	Nov. 06, 2022	May 08, 2022	Oct. 31, 2021	Nov. 06, 2022	Oct. 31, 2021	Feb. 06, 2022
Weighted- Average Grant Date Fair Value
Stock-based compensation expense	$ 86,979		$ 76,000	$ 245,114	$ 207,763
Unvested RSUs and PRSUs
Number of RSUs and PRSUs Outstanding
Unvested, Beginning balance (in shares)		28,712,878		28,712,878
Granted (in shares)				13,297,023
Vested (in shares)				(10,632,285)
Forfeited (in shares)				(2,950,347)
Unvested, Ending balance (in shares)	28,427,269			28,427,269
Weighted- Average Grant Date Fair Value
Beginning balance (in dollars per share)		$ 19.53		$ 19.53
Granted (in dollars per share)				29.96
Vested (in dollars per share)				19.75
Forfeited (in dollars per share)				21.58
Ending balance (in dollars per share)	$ 24.11			$ 24.11
Aggregate Intrinsic Value	$ 862,824			$ 862,824		$ 757,446
Stock-based compensation expense	80,300		$ 65,000	223,800	$ 174,900
Compensation not yet recognized	$ 620,200			$ 620,200
Compensation cost (in years)				2 years 9 months 18 days
PRSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, target (as a percent)				100%
Number of RSUs and PRSUs Outstanding
Granted (in shares)				1,147,187
Forfeited (in shares)		(34,960)
PRSUs | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, target (as a percent)				0%
PRSUs | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, target (as a percent)				150%

Equity Incentive Plans - Rest_2

Equity Incentive Plans - Restricted Stock (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 06, 2022	Oct. 31, 2021	Nov. 06, 2022	Oct. 31, 2021	Feb. 06, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 86,979	$ 76,000	$ 245,114	$ 207,763
Unvested restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense			$ 0
Number of Restricted Stock Outstanding
Unvested, Beginning balance (in shares)			54,977
Vested (in shares)			(54,977)
Forfeited/canceled (in shares)			0
Unvested, Ending balance (in shares)	0		0
Weighted- Average Grant Date Fair Value
Beginning balance (in dollars per share)			$ 20.02
Vested (in dollars per share)			20.02
Forfeited/canceled (in dollars per share)			0
Ending balance (in dollars per share)	$ 0		$ 0
Aggregate Intrinsic Value	$ 0		$ 0		$ 1,450

Equity Incentive Plans - Stock-

Equity Incentive Plans - Stock-Based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 06, 2022	Oct. 31, 2021	Nov. 06, 2022	Oct. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 86,979	$ 76,000	$ 245,114	$ 207,763
Cost of revenue—product
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	2,984	1,634	7,454	4,547
Cost of revenue—subscription services
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	5,814	5,555	16,978	15,098
Research and development
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	42,390	36,797	120,482	102,343
Sales and marketing
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	18,441	19,151	54,740	54,317
General and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 17,350	$ 12,863	$ 45,460	$ 31,458

Net Loss per Share Attributab_3

Net Loss per Share Attributable to Common Stockholders - Net Loss per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 06, 2022	Oct. 31, 2021	Nov. 06, 2022	Oct. 31, 2021
Earnings Per Share [Abstract]
Net loss	$ (787)	$ (28,731)	$ (1,400)	$ (158,202)
Weighted-average shares used in computing net loss per share attributable to common stockholders, basic (in shares)	300,984	287,462	298,101	283,918
Weighted-average shares used in computing net loss per share attributable to common stockholders, diluted (in shares)	300,984	287,462	298,101	283,918
Net loss per share attributable to common stockholders, basic (in dollars per share)	$ 0	$ (0.10)	$ 0	$ (0.56)
Net loss per share attributable to common stockholders, diluted (in dollars per share)	$ 0	$ (0.10)	$ 0	$ (0.56)

Net Loss per Share Attributab_4

Net Loss per Share Attributable to Common Stockholders - Shares Excluded (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Nov. 06, 2022	Oct. 31, 2021	Nov. 06, 2022	Oct. 31, 2021
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from computation of earnings per share, amount (in shares)	62,307	71,312	63,664	73,488
Stock options to purchase common stock
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from computation of earnings per share, amount (in shares)	10,164	15,194	10,812	16,623
Unvested RSUs and PRSUs
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from computation of earnings per share, amount (in shares)	29,809	32,937	30,510	33,541
Unvested restricted stock
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from computation of earnings per share, amount (in shares)	0	176	8	319
Shares related to convertible senior notes
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from computation of earnings per share, amount (in shares)	21,884	21,884	21,884	21,884
Shares issuable pursuant to the ESPP
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from computation of earnings per share, amount (in shares)	450	1,121	450	1,121

Other Income (Expense), Net - O

Other Income (Expense), Net - Other Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 06, 2022	Oct. 31, 2021	Nov. 06, 2022	Oct. 31, 2021
Other Income and Expenses [Abstract]
Interest income	$ 3,969	$ 2,082	$ 8,280	$ 7,186
Interest expense	(1,117)	(9,103)	(3,600)	(26,767)
Foreign currency transactions net losses	(6,663)	(1,729)	(15,689)	(2,927)
Other income	997	797	2,599	2,418
Total other income (expense), net	$ (2,814)	$ (7,953)	$ (8,410)	$ (20,090)

Segment Information - Revenue b

Segment Information - Revenue by Geographic Area (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 06, 2022	Oct. 31, 2021	Nov. 06, 2022	Oct. 31, 2021
Revenues From External Customers And Long Lived Assets [Line Items]
Total revenue	$ 676,050	$ 562,740	$ 1,943,227	$ 1,472,278
United States
Revenues From External Customers And Long Lived Assets [Line Items]
Total revenue	492,770	408,732	1,419,440	1,057,015
Rest of the world
Revenues From External Customers And Long Lived Assets [Line Items]
Total revenue	$ 183,280	$ 154,008	$ 523,787	$ 415,263

Segment Information - Long-Live

Segment Information - Long-Lived Assets by Geographic Area (Details) - USD ($) $ in Thousands	Nov. 06, 2022	Feb. 06, 2022
Revenues From External Customers And Long Lived Assets [Line Items]
Total long-lived assets	$ 248,606	$ 195,282
United States
Revenues From External Customers And Long Lived Assets [Line Items]
Total long-lived assets	236,404	187,228
Rest of the world
Revenues From External Customers And Long Lived Assets [Line Items]
Total long-lived assets	$ 12,202	$ 8,054