Cadence Design Systems, Inc. (CDNS) Quarterly Income Statement

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Cadence Design Systems, Inc. (CDNS) quarterly income statement — complete revenue, gross profit & net income history

Quarterly statement

CDNS Income Statement

Cadence Design Systems, Inc. (CDNS) annual income statement — 30-year revenue, gross profit & net income history

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21

Sales/Revenue	1.58B	1.47B	1.44B	1.34B	1.28B	1.24B	1.36B	1.22B	1.06B	1.01B	1.07B	1.02B	976.58M	1.02B	899.88M	902.55M	857.52M	901.77M	773.04M	750.89M
Revenue Growth %	24.23%	18.66%	6.2%	10.15%	20.25%	23.12%	26.89%	18.81%	8.61%	-1.23%	18.75%	13.36%	13.88%	13.3%	16.41%	20.2%	17.75%	22.52%	1.73%	12.64%
Cost of Goods Sold	239.32M	61.23M	188.73M	182.19M	184.17M	167.13M	219.99M	163.05M	139.27M	125.2M	104.1M	109.58M	96.86M	124.47M	93.52M	87.65M	92.65M	97.84M	69.73M	76.59M
COGS % of Revenue	15.1%	4.15%	13.1%	13.61%	14.44%	13.45%	16.22%	13.41%	13.13%	12.41%	9.74%	10.71%	9.92%	12.18%	10.39%	9.71%	10.8%	10.85%	9.02%	10.2%
Gross Profit	1.35B	1.41B	1.25B	1.16B	1.09B	1.08B	1.14B	1.05B	921.41M	883.91M	964.52M	913.51M	879.72M	897.22M	806.36M	814.9M	764.87M	803.92M	703.31M	674.31M
Gross Margin %	84.9%	95.85%	86.9%	86.39%	85.56%	86.55%	83.78%	86.59%	86.87%	87.59%	90.26%	89.29%	90.08%	87.82%	89.61%	90.29%	89.2%	89.15%	90.98%	89.8%
Gross Profit Growth %	23.26%	31.41%	10.16%	9.9%	18.44%	21.65%	17.78%	15.21%	4.74%	-1.48%	19.61%	12.1%	15.02%	11.61%	14.65%	20.85%	17.39%	23.29%	2.47%	15.4%
Operating Expenses	894.82M	981.66M	786.16M	703.86M	720.88M	713.82M	679.12M	702.4M	627.53M	633.95M	628M	620.61M	580.39M	574.75M	595.25M	554.15M	481.99M	484.99M	507.63M	480.27M
OpEx % of Revenue	56.47%	66.59%	54.59%	52.57%	56.52%	57.46%	50.08%	57.79%	59.16%	62.82%	58.77%	60.66%	59.43%	56.26%	66.15%	61.4%	56.21%	53.78%	65.67%	63.96%
Selling, General & Admin	329.58M	299.7M	310M	270.6M	269.62M	265.8M	278.96M	261.34M	250.16M	249.31M	256.11M	234.77M	221.68M	220.19M	239.88M	226.61M	190.72M	189.12M	213.81M	186.39M
SG&A % of Revenue	20.8%	20.33%	21.53%	20.21%	21.14%	21.39%	20.57%	21.5%	23.58%	24.71%	23.97%	22.95%	22.7%	21.55%	26.66%	25.11%	22.24%	20.97%	27.66%	24.82%
Research & Development	531.27M	508.44M	464.58M	423.03M	442.06M	439.1M	392.03M	407.37M	370.74M	378.96M	367.44M	369.64M	354.42M	350.3M	350.42M	323.63M	286.6M	290.89M	288.95M	289.11M
R&D % of Revenue	33.53%	34.49%	32.26%	31.6%	34.66%	35.34%	28.91%	33.51%	34.95%	37.55%	34.38%	36.13%	36.29%	34.29%	38.94%	35.86%	33.42%	32.26%	37.38%	38.5%
Other Operating Expenses	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Operating Income	450.31M	431.33M	465.23M	452.79M	370.39M	361.41M	456.88M	350.06M	293.88M	249.96M	336.53M	292.91M	299.33M	322.46M	211.12M	260.75M	282.89M	318.93M	195.68M	194.03M
Operating Margin %	28.42%	29.26%	32.3%	33.82%	29.04%	29.09%	33.69%	28.8%	27.71%	24.77%	31.49%	28.63%	30.65%	31.56%	23.46%	28.89%	32.99%	35.37%	25.31%	25.84%
Operating Income Growth %	21.58%	19.35%	1.83%	29.35%	26.04%	44.59%	35.76%	19.51%	-1.82%	-22.49%	59.4%	12.33%	5.81%	1.11%	7.89%	34.38%	52.55%	56.39%	5.79%	14.63%
EBITDA	567.3M	515.7M	534.1M	508.54M	428.14M	412.88M	510.74M	405.42M	341.03M	288.6M	378.17M	330.12M	333.21M	355.47M	249.25M	288.62M	316.57M	354.68M	222.34M	228.76M
EBITDA Margin %	35.8%	34.98%	37.09%	37.98%	33.57%	33.23%	37.67%	33.35%	32.15%	28.6%	35.39%	32.27%	34.12%	34.79%	27.7%	31.98%	36.92%	39.33%	28.76%	30.47%
EBITDA Growth %	32.5%	24.9%	4.57%	25.44%	25.54%	43.07%	35.05%	22.81%	2.35%	-18.81%	51.72%	14.38%	5.26%	0.22%	12.11%	26.16%	43.46%	49.01%	-1.63%	10.54%
D&A (Non-Cash Add-back)	116.99M	84.37M	68.87M	55.75M	57.75M	51.47M	53.86M	55.36M	47.15M	38.64M	41.64M	37.21M	33.88M	33.01M	38.13M	27.86M	33.68M	35.75M	26.66M	34.73M
EBIT	452.76M	459.72M	522.4M	421.82M	309.56M	384.81M	466.56M	357.91M	328.62M	318.74M	371.05M	309.01M	307.3M	330.75M	219.61M	257.74M	276.93M	314.03M	198.31M	192.89M
Net Interest Income	-25.2M	-13.35M	-4.68M	-4.41M	-2.97M	-2.9M	-2.75M	-7.56M	-4.02M	820K	-1.6M	-606K	-1.45M	-2.89M	-9.08M	-2.41M	-3.1M	-4.11M	-1.62M	-4.2M
Interest Income	9.94M	18.27M	24.76M	24.63M	25.98M	26.22M	27.15M	16.93M	8.88M	9.51M	7.38M	8.45M	7.43M	6.37M	0	3.05M	1.18M	0	2.63M	0
Interest Expense	35.14M	31.61M	29.44M	29.04M	28.95M	29.12M	29.91M	24.5M	12.9M	8.69M	8.99M	9.06M	8.88M	9.26M	9.08M	5.46M	4.28M	4.11M	4.25M	4.2M
Other Income/Expense	59.92M	-3.23M	27.74M	-60M	-89.78M	-5.72M	-20.22M	-16.64M	21.83M	60.09M	25.53M	7.05M	-904K	-976K	-592K	-8.48M	-10.24M	-9.01M	-1.63M	-5.34M
Pretax Income	510.23M	428.1M	492.96M	392.78M	280.61M	355.69M	436.65M	333.41M	315.71M	310.04M	362.06M	299.95M	298.42M	321.49M	210.53M	252.27M	272.64M	309.92M	194.05M	188.69M
Pretax Margin %	32.2%	29.04%	34.23%	29.34%	22%	28.63%	32.2%	27.43%	29.76%	30.72%	33.88%	29.32%	30.56%	31.47%	23.39%	27.95%	31.79%	34.37%	25.1%	25.13%
Income Tax	143.16M	92.44M	104.83M	105.66M	120.56M	82.11M	96.44M	95.3M	86.19M	62.4M	38.16M	45.63M	77.3M	79.68M	-29.87M	65.97M	85.72M	74.59M	17.48M	12.39M
Effective Tax Rate %	28.06%	21.59%	21.26%	26.9%	42.96%	23.09%	22.09%	28.58%	27.3%	20.13%	10.54%	15.21%	25.9%	24.79%	-14.19%	26.15%	31.44%	24.07%	9.01%	6.57%
Net Income	367.08M	335.66M	388.14M	287.12M	160.05M	273.58M	340.21M	238.11M	229.52M	247.64M	323.9M	254.32M	221.12M	241.8M	240.39M	186.31M	186.92M	235.34M	176.58M	176.31M
Net Margin %	23.17%	22.77%	26.95%	21.45%	12.55%	22.02%	25.09%	19.59%	21.64%	24.54%	30.31%	24.86%	22.64%	23.67%	26.71%	20.64%	21.8%	26.1%	22.84%	23.48%
Net Income Growth %	129.35%	22.69%	14.09%	20.58%	-30.27%	10.47%	5.04%	-6.37%	3.8%	2.41%	34.74%	36.51%	18.3%	2.75%	36.14%	5.67%	19.9%	25.73%	1.64%	9.08%
Net Income (Continuing)	367.08M	335.66M	388.14M	287.12M	160.05M	273.58M	340.21M	238.11M	229.52M	247.64M	323.9M	254.32M	221.12M	241.8M	240.39M	186.31M	186.92M	235.34M	176.58M	176.31M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)	1.33	1.23	1.42	1.05	0.59	1.00	1.24	0.87	0.84	0.91	1.19	0.93	0.81	0.89	0.88	0.68	0.68	0.85	0.63	0.63
EPS Growth %	125.42%	23%	14.52%	20.69%	-29.76%	9.89%	4.2%	-6.45%	3.7%	2.25%	35.23%	36.76%	19.12%	4.71%	39.68%	7.94%	21.43%	26.87%	1.61%	8.62%
EPS (Basic)	1.34	1.23	1.43	1.06	0.59	1.01	1.25	0.87	0.85	0.92	1.20	0.94	0.82	0.90	0.89	0.69	0.69	0.86	0.65	0.65
Diluted Shares Outstanding	274.95M	273.73M	272.93M	273.8M	272.9M	273.63M	274.29M	273.96M	273.52M	273.54M	272.42M	272.43M	273M	273.16M	273M	274.96M	275.17M	276.92M	278.25M	278.31M
Basic Shares Outstanding	273.01M	272.06M	270.92M	271.15M	271.29M	271.97M	272.07M	272.24M	270.91M	269.61M	269.09M	269.23M	269.71M	269.5M	269.71M	271.13M	271.52M	272.43M	273.07M	273.19M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-