Cadence Design Systems, Inc. (CDNS) quarterly income statement — complete revenue, gross profit & net income history
| Metric | 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 | Q2'21 |
|---|
| Sales/Revenue | 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 | 728.28M |
| Revenue Growth % | 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% | 14.08% |
| Cost of Goods Sold | 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 | 76.72M |
| COGS % of Revenue | 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% | 10.53% |
| Gross Profit | 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 | 651.57M |
| Gross Margin % | 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% | 89.47% |
| Gross Profit Growth % | 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% | 15.69% |
| Operating Expenses | 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 | 466.13M |
| OpEx % of Revenue | 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% | 64% |
| Selling, General & Admin | 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 | 176.3M |
| SG&A % of Revenue | 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% | 24.21% |
| Research & Development | 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 | 285.23M |
| R&D % of Revenue | 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% | 39.16% |
| 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 | 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 | 185.44M |
| Operating Margin % | 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% | 25.46% |
| Operating Income Growth % | 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% | 22.04% |
| EBITDA | 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 | 220.67M |
| EBITDA Margin % | 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% | 30.3% |
| EBITDA Growth % | 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% | 16.56% |
| D&A (Non-Cash Add-back) | 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 | 35.23M |
| EBIT | 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 | 187.58M |
| Net Interest Income | -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 | -4.32M |
| Interest Income | 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 | 0 |
| Interest Expense | 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 | 4.32M |
| Other Income/Expense | -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 | -2.17M |
| Pretax Income | 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 | 183.26M |
| Pretax Margin % | 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% | 25.16% |
| Income Tax | 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 | 27.36M |
| Effective Tax Rate % | 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% | 14.93% |
| Net Income | 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 | 155.9M |
| Net Margin % | 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% | 21.41% |
| Net Income Growth % | 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% | 18.75% |
| Net Income (Continuing) | 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 | 155.9M |
| 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) | 1.23 | 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 | 0.56 |
| EPS Growth % | 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% | 19.15% |
| EPS (Basic) | 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 | 0.57 |
| Diluted Shares Outstanding | 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 | 278.56M |
| Basic Shares Outstanding | 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 | 273.56M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |