Saturday 31 October 2026 Export CDNS’s income statement to Excel — free account

Cadence Design Systems, Inc.

Cadence Design Systems, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $5.3 billion, up 14.1% from fiscal 2024. In the quarter to June 2026, revenue grew 24.2%, EPS grew 127.1%, free cash flow grew 72.5% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; revenue growth for ten consecutive years.

328.28 14.47 −4.22%

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Market cap: $94.0B
P/E: 64.9×
Fwd P/E: 65.8×
Dividend yield: —
F-score: 5/9
Altman Z: 13.22
Beneish M: −2.43
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Filings

Cadence Design Systems, Inc. (CDNS) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
Reportable Segment	5,297	100.00%
Gross margin		86.36%
Operating margin		28.17%
Pre-tax margin		28.74%

Revenue by product or service $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Product and maintenance	4,822 91.03%	4,214 90.78%	3,834 93.75%	3,340 93.78%	2,813 94.13%	2,537 94.55%	2,205 94.36%	1,998 93.45%	1,814 93.36%	1,684 92.71%
Service	475 8.97%	428 9.22%	256 6.25%	222 6.22%	175 5.87%	146 5.45%	132 5.64%	140 6.55%	129 6.64%	132 7.29%
Revenue	5,297	4,641	4,090	3,562	2,988	2,683	2,336	2,138	1,943	1,816

Gross profit by product or service $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Product and maintenance	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Service	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Gross profit	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022
Reportable Segment	5,297 100.00%	4,641 100.00%	4,090 100.00%	3,562 100.00%
Revenue	5,297	4,641	4,090	3,562

Revenue by region $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
United States	2,311 43.63%	2,160 46.53%	1,695 41.43%	1,578 44.30%	1,293 43.27%	1,096 40.86%	982 42.05%	925 43.25%	829 42.69%	833 45.84%	782 45.97%	697 44.06%	649 44.43%	568 42.79%	489 42.57%
Other Asia	1,005 18.98%	856 18.44%	766 18.74%	630 17.67%	567 18.97%	487 18.17%	459 19.65%	395 18.49%	353 18.17%	—	—	—	—	—	—
EMEA	791 14.93%	699 15.07%	655 16.02%	582 16.35%	523 17.51%	470 17.51%	433 18.55%	407 19.03%	386 19.85%	347 19.09%	317 18.61%	329 20.79%	304 20.79%	262 19.78%	235 20.43%
China	680 12.84%	573 12.35%	680 16.61%	522 14.64%	378 12.65%	407 15.16%	241 10.34%	210 9.83%	173 8.91%	—	—	—	—	—	—
JAPAN	342 6.45%	260 5.61%	229 5.60%	197 5.54%	185 6.18%	179 6.68%	177 7.56%	169 7.88%	167 8.58%	160 8.81%	163 9.60%	172 10.88%	196 13.41%	219 16.49%	204 17.78%
Other America	168 3.18%	93 2.01%	65 1.60%	53 1.49%	42 1.41%	44 1.63%	43 1.86%	33 1.52%	35 1.80%	31 1.72%	26 1.53%	23 1.48%	23 1.57%	23 1.73%	25 2.19%
Americas	2,479	2,253	1,760	1,631	1,335	1,140	1,026	957	865	—	—	—	—	—	—
Asia	1,685	1,429	1,446	1,151	945	894	701	605	526	—	—	—	—	—	—
Revenue	5,297	4,641	4,090	3,562	2,988	2,683	2,336	2,138	1,943	1,816	1,702	1,581	1,460	1,326	1,150

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Current remaining performance obligations	Q3 FY2026	$4.2B	$3.5B	+20.00%
Remaining performance obligations	Q3 FY2026	$8.2B	$7.0B	+17.14%
Year-end backlog	Q3 FY2026	$8.2B	$7.0B	+17.14%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023	Q2 FY2023	Q1 FY2023	Q4 FY2022	Q3 FY2022	Q2 FY2022	Q1 FY2022	Q4 FY2021	Q3 FY2021	Q2 FY2021	Q1 FY2021	Q4 FY2020	Q3 FY2020	Q2 FY2020	Q1 FY2020	Q4 FY2019	Q3 FY2019	Q2 FY2019	Q1 FY2019	Q4 FY2018	Q3 FY2018	Q2 FY2018	Q1 FY2018
Current remaining performance obligations	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.