Cadence Design Systems, Inc. (CDNS) income statement
NASDAQ · Technology · Software - Application · 13,800 employees · CEO Anirudh Devgan
- Price
- $327.89 -4.34%
- Market cap
- $90B
- Enterprise value
- $91.3B
- Last report
- Q3 '26 filed 2026-10-28
- Next report
- 2027-02-16 EPS est. $2.23
Cadence Design Systems, Inc. (CDNS) reported revenue of $1.63B for Q3 '26 (+22.0% year on year), operating income of $429M (26.2% of revenue) and net income of $290M. Over the last four quarters revenue was $6.13B.
Income statement
| Income statement | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.07B | $1.01B | $1.06B | $1.22B | $1.36B | $1.24B | $1.28B | $1.34B | $1.44B | $1.47B | $1.58B | $1.63B | |
| Cost of revenue | $104M | $125M | $139M | $163M | $220M | $167M | $184M | $182M | $189M | $215M | $239M | $236M | |
| Gross profit | $965M | $884M | $921M | $1.05B | $1.14B | $1.08B | $1.09B | $1.16B | $1.25B | $1.26B | $1.35B | $1.4B | |
| Research & development | $367M | $379M | $371M | $407M | $392M | $439M | $442M | $423M | $465M | $508M | $531M | $538M | |
| Sales & marketing | $180M | $181M | $187M | $190M | $200M | $203M | $201M | $193M | $207M | $211M | $241M | $242M | |
| General & administrative | $75.7M | $68.7M | $63.4M | $71.6M | $78.6M | $63.1M | $69M | $78M | $103M | $88.2M | $88.5M | $113M | |
| Other operating expenses | $4.44M | $5.69M | $6.63M | $33.7M | $8.13M | $8.92M | $9.2M | $10.2M | $11.6M | $20.2M | $34.3M | $75.9M | |
| Operating expenses | $628M | $634M | $628M | $702M | $679M | $714M | $721M | $704M | $786M | $828M | $895M | $969M | |
| Operating income | $337M | $250M | $294M | $350M | $457M | $361M | $370M | $453M | $465M | $431M | $450M | $429M | |
| Interest income | $7.38M | $9.51M | $8.89M | $16.9M | $27.2M | $26.2M | $26M | $24.6M | $24.8M | $18.3M | $9.94M | $0 | |
| Interest expense | $8.99M | $8.69M | $12.9M | $24.5M | $29.9M | $29.1M | $28.9M | $29M | $29.4M | $31.6M | $35.1M | $30.4M | |
| Other non-operating income (gains on investments, FX ...) | -$34.5M | -$68.8M | -$34.7M | -$7.85M | -$9.68M | -$23.4M | $60.8M | $31M | -$57.2M | -$28.4M | -$95.4M | -$9.99M | |
| Total non-operating income | $25.5M | $60.1M | $21.8M | -$16.6M | -$20.2M | -$5.72M | -$89.8M | -$60M | $27.7M | -$3.23M | $60.3M | -$20.4M | |
| Income before tax | $362M | $310M | $316M | $333M | $437M | $356M | $281M | $393M | $493M | $428M | $510M | $408M | |
| Income tax | $38.2M | $62.4M | $86.2M | $95.3M | $96.4M | $82.1M | $121M | $106M | $105M | $92.4M | $143M | $119M | |
| Net income | $324M | $248M | $230M | $238M | $340M | $274M | $160M | $287M | $388M | $336M | $367M | $290M | |
| EPS (basic) | $1.20 | $0.92 | $0.85 | $0.87 | $1.25 | $1.01 | $0.59 | $1.06 | $1.43 | $1.23 | $1.34 | $1.06 | |
| EPS (diluted) | $1.19 | $0.91 | $0.84 | $0.87 | $1.24 | $1.00 | $0.59 | $1.05 | $1.42 | $1.23 | $1.33 | $1.05 | |
| Shares (basic, weighted) | 269M | 270M | 271M | 272M | 272M | 272M | 271M | 271M | 271M | 272M | 274M | 274M | |
| Shares (diluted, weighted) | 272M | 274M | 274M | 274M | 274M | 274M | 273M | 274M | 273M | 274M | 276M | 275M | |
| Depreciation & amortization | $38.5M | $38.6M | $47.2M | $55.4M | $53.9M | $52.9M | $57.8M | $55.8M | $68.9M | $84.4M | $118M | $119M | |
| EBITDA | $410M | $357M | $376M | $413M | $520M | $438M | $367M | $478M | $591M | $544M | $664M | $557M |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.82B | $1.94B | $2.14B | $2.34B | $2.68B | $2.99B | $3.56B | $4.09B | $4.64B | $5.3B | |
| Cost of revenue | $256M | $237M | $259M | $266M | $305M | $307M | $372M | $435M | $648M | $722M | |
| Gross profit | $1.56B | $1.71B | $1.88B | $2.07B | $2.38B | $2.68B | $3.19B | $3.65B | $3.99B | $4.57B | |
| Research & development | $735M | $804M | $885M | $936M | $1.03B | $1.13B | $1.25B | $1.44B | $1.55B | $1.77B | |
| Sales & marketing | $395M | $419M | $440M | $482M | $516M | $560M | $604M | $690M | $757M | $803M | |
| General & administrative | $125M | $134M | $133M | $140M | $154M | $189M | $242M | $242M | $274M | $313M | |
| Other operating expenses | $15.9M | $16.8M | $25.2M | $12.1M | $27.2M | $18.6M | $18.5M | $29.2M | $54.1M | $39.9M | |
| Operating expenses | $1.27B | $1.37B | $1.48B | $1.57B | $1.73B | $1.9B | $2.12B | $2.4B | $2.64B | $2.92B | |
| Operating income | $245M | $324M | $396M | $492M | $646M | $779M | $1.07B | $1.25B | $1.35B | $1.65B | |
| Interest income | $2.92M | $3.88M | $8.07M | $9.51M | $3.82M | $2.63M | $10.1M | $29.6M | $62.5M | $102M | |
| Interest expense | $23.7M | $25.7M | $23.1M | $18.8M | $20.7M | $17M | $22.9M | $36.2M | $76M | $117M | |
| Other non-operating income (gains on investments, FX ...) | -$42.1M | -$9.41M | -$11.1M | -$6M | -$7.95M | -$6.33M | $5.39M | -$66.9M | -$121M | $11.2M | |
| Total non-operating income | -$7.75M | -$8.91M | -$19.8M | -$12.8M | -$12.8M | -$10.7M | -$28.3M | $30.7M | $45.1M | -$128M | |
| Income before tax | $237M | $315M | $376M | $479M | $633M | $768M | $1.05B | $1.28B | $1.4B | $1.52B | |
| Income tax | $34.1M | $111M | $30.6M | -$510M | $42.1M | $72.5M | $196M | $241M | $340M | $413M | |
| Net income | $203M | $204M | $346M | $989M | $591M | $696M | $849M | $1.04B | $1.06B | $1.11B | |
| EPS (basic) | $0.71 | $0.75 | $1.26 | $3.62 | $2.16 | $2.54 | $3.13 | $3.86 | $3.89 | $4.09 | |
| EPS (diluted) | $0.70 | $0.73 | $1.23 | $3.53 | $2.11 | $2.50 | $3.09 | $3.82 | $3.85 | $4.06 | |
| Shares (basic, weighted) | 285M | 272M | 274M | 273M | 274M | 274M | 271M | 269M | 271M | 271M | |
| Shares (diluted, weighted) | 291M | 280M | 281M | 281M | 280M | 279M | 275M | 273M | 274M | 273M | |
| Depreciation & amortization | $120M | $116M | $119M | $123M | $150M | $131M | $135M | $145M | $195M | $234M | |
| EBITDA | $407M | $449M | $526M | $621M | $804M | $916M | $1.2B | $1.46B | $1.67B | $1.87B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
Data as of 2026-11-01