Cadence Design Systems, Inc. (CDNS) Financial Statements

Cadence Design Systems, Inc.

CDNS · NASDAQ-GS

	FY2025	FY2024	FY2023	FY2022	FY2022	FY2021	FY2019	FY2018
Total Revenue	$5.30B	$4.64B	$4.09B	$3.56B	$2.99B	$2.68B	$2.34B	$2.14B
Selling, General & Administrative	$313.39M	$273.96M	$242.43M	$242.12M	$189.02M	$154.43M	$139.81M	$133.41M
Operating Expenses	$3.80B	$3.29B	$2.84B	$2.49B	$2.21B	$2.04B	$1.84B	$1.74B
Operating Income	$1.49B	$1.35B	$1.25B	$1.07B	$779.09M	$645.55M	$491.80M	$396.21M
Interest Expense	$116.54M	$76.00M	$36.19M	$22.93M	$16.98M	$20.75M	$18.83M	$23.14M
Other Income / (Expense)	$146.54M	$121.06M	$66.89M	-$5.39M	$6.33M	$7.95M	$6.00M	$3.32M
Income Before Taxes	$1.52B	$1.40B	$1.28B	$1.05B	$768.43M	$632.75M	$478.97M	$376.39M
Provision for Income Taxes	$413.15M	$340.33M	$240.78M	$196.41M	$72.48M	$42.10M	-$510.01M	$30.61M
Net Income	$1.11B	$1.06B	$1.04B	$848.95M	$695.96M	$590.64M	$988.98M	$345.78M
Basic EPS	$4.09	$3.89	$3.86	$3.13	$2.54	$2.16	$3.62	$1.26
Diluted EPS	$4.06	$3.85	$3.82	$3.09	$2.50	$2.11	$3.53	$1.23
Basic Shares Outstanding	271.33M	271.21M	269.38M	271.20M	273.50M	273.73M	273.24M	273.73M
Diluted Shares Outstanding	273.31M	273.83M	272.75M	275.01M	278.86M	279.64M	280.51M	281.14M

Analyst Estimates

Period	Consensus EPS	Low	High	Estimates	Revisions
Dec 2026	$6.40	$6.32	$6.59	8	↑8 ↓0
Dec 2027	$7.51	$6.77	$8.15	9	↑6 ↓2
Dec 2028	$8.67	$7.10	$9.46	3	↑2 ↓0
Dec 2029	$7.68	$7.68	$7.68	1	↑0 ↓0

Forward estimates are the sell-side consensus reported by Nasdaq, not a metir forecast.

Symbol: CDNS
Type: Stock
Sector: Technology
Industry: Computer Software: Prepackaged Software
Country: North America
Exchange: NASDAQ-GS

Cadence is a market leader in AI and digital twins, pioneering the application of computational software to accelerate innovation in the engineering design of silicon to systems. Our design solutions, based on Cadence's Intelligent System Design strategy, are essential for the world's leading semiconductor and systems companies to build their next-generation products from chips to full electromechanical systems that serve a wide range of markets, including hyperscale computing, mobile communications, automotive, aerospace, industrial, life sciences and robotics. In 2025, Cadence was recognized by Fortune as one of the world's top 100 best companies to work for. Cadence solutions offer limitless opportunities-learn more at www.cadence.com.

Key Issues

Bullish view

Second-quarter revenue increased 24.2%, AI demand helped drive the beat, and backlog reached a record $8.1 billion, supporting continued momentum.

Bearish view

The evidence confirms strong recent demand but does not establish how long AI-related growth will persist or how much of the $8.1 billion backlog will convert into near-term revenue.

Analyst Consensus

See all

Buy

13 analysts

$337

Current

—

Low

$420

Average

—

High

Average target implies +24.55% versus the current price.

Earnings History

BeatMissNo estimate

Peers

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