Cadence CDNS
Public, NASDAQ, reports in USD. Founded 1987.
Theme: Semiconductors.
EDA.
2025-08-01 — Enterprise profitable
Financials millions, USD
| Period | Revenue | Growth % | Gross margin % | R&D % | Operating income | Operating margin % | Net income | EPS (diluted) | Rule of 40 | basis |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 5.3bn USD | 14.1 % | 86.4 % | 33.4 % | 1.6bn USD | 31.1 % | 1.1bn USD | 4.06 | 45.3 | |
| 2024 | 4.6bn USD | 13.5 % | 86.0 % | 33.4 % | 1.4bn USD | 29.9 % | 1.1bn USD | 3.85 | 43.4 | |
| 2023 | 4.1bn USD | 14.9 % | 89.4 % | 35.3 % | 1.3bn USD | 30.9 % | 1.0bn USD | 3.82 | 45.7 | |
| 2022 | 3.6bn USD | – | 89.6 % | 35.1 % | 1.1bn USD | 30.2 % | 849m USD | 3.09 | – | |
| 2026-Q2 | 1.6bn USD | 24.2 % | 84.9 % | 33.5 % | 450m USD | 28.4 % | 367m USD | 1.33 | 52.6 | |
| 2026-Q1 | 1.5bn USD | – | 85.4 % | 34.5 % | 431m USD | 29.3 % | 336m USD | 1.23 | – | |
| 2025-Q4 | 1.4bn USD | – | 86.9 % | 32.3 % | 465m USD | 32.3 % | 388m USD | 1.42 | – | |
| 2025-Q3 | 1.3bn USD | – | 86.4 % | 31.6 % | 453m USD | 33.8 % | 287m USD | 1.05 | – | |
| 2025-Q2 | 1.3bn USD | – | 85.6 % | 34.7 % | 370m USD | 29.0 % | 160m USD | 0.59 | – |
Sources
- 2025: 2025_10-K_Summary_2026-07-10.xlsx
- 2024: 2025_10-K_Summary_2026-07-10.xlsx
- 2023: 2025_10-K_Summary_2026-07-10.xlsx
- 2022: 2025_10-K_Summary_2026-07-10.xlsx
- 2026-Q2: yfinance
- 2026-Q1: yfinance
- 2025-Q4: yfinance
- 2025-Q3: yfinance
- 2025-Q2: yfinance
Latest quarter 2026-Q2, ended 2026-06-30, vs 2025-Q2
| 2026-Q2 | 2025-Q2 | change | |
|---|---|---|---|
| Revenue | 1.6bn USD | 1.3bn USD | +309m (+24 %) |
| Op. margin | 28.4 % | 29.0 % | -0.6 pts |
| FCF | 575m USD | 334m USD | +242m (+73 %) |
| Op. income | 450m USD | ||
| Net income | 367m USD | ||
| EPS (diluted) | 1.33 | 125.4 % |
Cash flow millions, USD
| Period | Cash from operations | Capex | Free cash flow | FCF margin % | CFO / net income % | NOPAT | Unlevered FCF | Levered FCF | Net change in cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.7bn USD | 142m USD | 1.6bn USD | 30.0 % | 162.9 % | 1.2bn USD | 1.2bn USD | 1.6bn USD | 319m USD |
| 2024 | 1.3bn USD | 143m USD | 1.1bn USD | 24.1 % | 119.5 % | 1.1bn USD | 894m USD | 3.0bn USD | 1.7bn USD |
| 2023 | 1.3bn USD | 103m USD | 1.2bn USD | 30.5 % | 129.6 % | 1.0bn USD | 970m USD | 1.1bn USD | 133m USD |
| 2022 | 1.2bn USD | 124m USD | 1.1bn USD | 31.4 % | 146.3 % | 872m USD | 971m USD | 1.5bn USD | -154m USD |
NOPAT = op. income × (1 − effective tax rate); UFCF = NOPAT + D&A + ΔNWC − capex; LFCF = FCF + net debt issued.
Quotes
| Price | 274.29 USD | 2026-09-15 | |
|---|---|---|---|
| Market cap | 75.5bn USD | 2026-09-15 | |
| 52w high | 416.69 USD | 2026-09-15 | |
| 52w low | 262.75 USD | 2026-09-15 | |
| Off 52w high % | -34.2 % | ||
| P/S | 14.3 | ||
| Lifetime CAGR | 4.3 % |
Notes
- 2025-08-01 opinion Enterprise profitable