Cadence Design Systems, Inc. (CDNS) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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Revenue Growth Metrics
Revenue Breakdown (FY 2024)
CDNS's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
CDNS Revenue Analysis (2013–2024)
As of February 20, 2026, Cadence Design Systems, Inc. (CDNS) generated trailing twelve-month (TTM) revenue of $5.21 billion, reflecting strong growth of +10.1% year-over-year. The most recent quarter (Q3 2025) recorded $1.34 billion in revenue, up 5.0% sequentially.
Looking at the longer-term picture, CDNS's 5-year compound annual growth rate (CAGR) stands at +14.7%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $4.64 billion in 2024, representing a new all-time high.
Revenue diversification analysis shows CDNS's business is primarily driven by Product and maintenance (91%), and Technology Service (9%). With over half of revenue concentrated in Product and maintenance, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including ADSK (+15.8% YoY), PTC (+23.6% YoY), and U (+2.0% YoY), CDNS has underperformed the peer group in terms of revenue growth. Compare CDNS vs ADSK →
Peer Comparison
Compare CDNS's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| CDNSCurrent | $5.2B | +10.1% | +14.7% | 29.1% | |
| ADSK | $6.1B | +15.8% | +13.5% | 22.1% | |
| PTC | $2.7B | +23.6% | +13.4% | 35.9% | |
| U | $1.8B | +2.0% | +19.1% | -25.9% | |
| FIG | $749M | - | - | -117.1% | |
| PDFS | $179M | +21.2% | +16.0% | -0.3% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $4.64B | +13.5% | $3.99B | 86.0% | $1.35B | 29.1% |
| 2023 | $4.09B | +14.8% | $3.65B | 89.4% | $1.25B | 30.6% |
| 2022 | $3.56B | +19.2% | $3.19B | 89.6% | $1.07B | 30.1% |
| 2021 | $2.99B | +11.4% | $2.68B | 89.7% | $779.1M | 26.1% |
| 2020 | $2.68B | +14.8% | $2.38B | 88.6% | $645.6M | 24.1% |
| 2019 | $2.34B | +9.3% | $2.07B | 88.6% | $491.8M | 21.1% |
| 2018 | $2.14B | +10.0% | $1.88B | 87.9% | $396.2M | 18.5% |
| 2017 | $1.94B | +7.0% | $1.71B | 87.8% | $324.0M | 16.7% |
| 2016 | $1.82B | +6.7% | $1.56B | 85.9% | $244.9M | 13.5% |
| 2015 | $1.70B | +7.7% | $1.46B | 86.0% | $285.4M | 16.8% |
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Start ComparisonFrequently Asked Questions
Is CDNS's revenue growth accelerating or slowing?
CDNS maintains +10.1% revenue growth, in line with its 5-year CAGR of +14.7%. TTM revenue stands at $5.2B. Growth rate remains consistent with historical average.
What is CDNS's long-term revenue growth rate?
Cadence Design Systems, Inc.'s 5-year revenue CAGR of +14.7% reflects the sustained expansion pattern. Current YoY growth of +10.1% is near this long-term average.
How is CDNS's revenue distributed by segment?
CDNS reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.