Cadence Design Systems CDNS
$319.92 +$8.49 (+2.73%)
Market closed · Nov 6, 8:10 pm ET · Last extended-hours $319.87 -0.02%
Open$315.50
Prev close$311.43
Day range$306.93 – $320.55
Volume2.03M
Market cap$87.78B
P/E (TTM)63.6
Dividend yield–
Fundamentals
Latest reported quarter: Q3, ended Sep 2026
Revenue$1.63B+22.0% YoY
Operating profit$470.84M+4.0% YoY
Net profit$289.75M+0.9% YoY
Diluted EPS$1.05+0.0% YoY
Free cash flow$361.92M+30.7% YoY
Operating cash flow$423.73M
Revenue, last 8 quarters
Net profit, last 8 quarters
Diluted EPS by quarter
Free cash flow by quarter
Annual revenue
Profitability & balance sheet
Gross margin85.7%
Operating margin29.6%
Net margin22.5%
Return on equity22.9%
Return on assets12.7%
Return on invested capital15.9%
Current ratio1.36
Liabilities / assets43.8%
Cash & investments$1.45B
Total debt$2.81B
Net cash (debt)-$1.36B
Free cash flow / sales28.6%
Where the revenue comes from
Quarter 2026/Q3
By business line
Income statement
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Total Revenue as Reported | $1.63B | $1.58B | $1.47B | $5.30B | $1.44B |
| Total Operating Revenue | $1.63B | $1.58B | $1.47B | $5.30B | $1.44B |
| Cost of Revenue | $235.65M | $239.32M | $214.54M | $722.25M | $188.73M |
| Gross Profit | $1.40B | $1.35B | $1.26B | $4.57B | $1.25B |
| Operating Expense | $926.82M | $895.17M | $828.35M | $2.92B | $786.16M |
| Selling and Admin Expenses | $355.50M | $329.58M | $299.70M | $1.12B | $310.00M |
| -Selling & Marketing Expense | $242.48M | $241.03M | $211.49M | $802.63M | $206.78M |
| -General & Admin Expense | $113.02M | $88.55M | $88.22M | $313.39M | $103.23M |
| Research & Development | $537.54M | $531.27M | $508.44M | $1.77B | $464.58M |
| Depreciation & Amortization & Depletion | $33.78M | $34.32M | $20.21M | $39.94M | $11.58M |
| -Depreciation & Amortization | $33.78M | $34.32M | $20.21M | $39.94M | $11.58M |
| Operating Profit | $470.84M | $449.96M | $431.34M | $1.65B | $465.23M |
| Net Non-Operating Interest Income (Expense) | -$21.16M | -$25.20M | -$13.35M | -$14.96M | -$4.68M |
| Non-Operating Interest Income | $9.22M | $9.94M | $18.27M | $101.58M | $24.76M |
| Non-Operating Interest Expense | $30.38M | $35.14M | $31.61M | $116.54M | $29.44M |
| Other Income (Expense) | -$41.38M | $85.47M | $10.13M | -$112.78M | $32.45M |
| Gain on Sale of Security | $1.08M | $84.23M | $10.66M | $35.53M | $35.30M |
| Special Income (Charges) | -$42.16M | $352,000.00 | $5,000.00 | -$146.24M | -$1.86M |
| -Less:Restructuring and Mergern & Acquisition | $42.16M | -$352,000.00 | -$5,000.00 | $29.19M | $1.86M |
| -Gain on Sale of Property/Plant/Equipment | $0.00 | $0.00 | $0.00 | $11.50M | $0.00 |
| Other Non-Operating Income (Expenses) | -$298,000.00 | $886,000.00 | -$536,000.00 | -$2.07M | -$988,000.00 |
| Pretax Profit | $408.34M | $510.23M | $428.10M | $1.52B | $492.96M |
| Tax | $118.59M | $143.16M | $92.44M | $413.16M | $104.83M |
| Net Profit | $289.75M | $367.08M | $335.66M | $1.11B | $388.14M |
| Profit from Continuing Operations | $289.75M | $367.08M | $335.66M | $1.11B | $388.14M |
| Net Income to Parent Company | $289.75M | $367.08M | $335.66M | $1.11B | $388.14M |
| Net Income to Common Stockholders | $289.75M | $367.08M | $335.66M | $1.11B | $388.14M |
| Basic EPS | $1.06 | $1.34 | $1.23 | $4.09 | $1.43 |
| Diluted EPS | $1.05 | $1.33 | $1.23 | $4.06 | $1.42 |
| -Less:Other Special Charges | – | – | – | $128.55M | $0.00 |
Balance sheet
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Total Assets | $12.22B | $12.08B | $12.10B | $10.15B | $10.15B |
| Total Current Assets | $3.35B | $3.22B | $3.18B | $4.67B | $4.67B |
| Cash and Cash Equivalents & Short-Term Investments | $1.45B | $1.44B | $1.41B | $3.16B | $3.16B |
| -Cash and Cash Equivalents | $1.45B | $1.44B | $1.41B | $3.00B | $3.00B |
| Receivables | $1.11B | $1.07B | $1.03B | $944.94M | $944.94M |
| -Accounts Receivable | $560.98M | $504.42M | $516.27M | $492.83M | $492.83M |
| -Other Receivables | $553.90M | $564.61M | $521.17M | $455.99M | $455.99M |
| -Receivables Adjustments Allowances | -$4.29M | -$4.01M | -$3.63M | -$3.89M | -$3.89M |
| Inventory | $448.82M | $390.38M | $317.95M | $303.55M | $303.55M |
| Other Current Assets | $342.45M | $326.05M | $421.97M | $265.66M | $265.66M |
| Total Non-Current Assets | $8.87B | $8.86B | $8.92B | $5.48B | $5.48B |
| Net PPE | $824.67M | $560.16M | $536.90M | $692.97M | $692.97M |
| -Gross PPE | $824.67M | – | – | $1.71B | $1.71B |
| Investments and Advances | $145.04M | – | – | $67.52M | $67.52M |
| Goodwill and Other Intangible Assets | $6.72B | $6.79B | $6.86B | $3.47B | $3.47B |
| -Goodwill | $4.93B | $4.91B | $4.93B | $2.75B | $2.75B |
| -Other Intangible Assets | $1.79B | $1.87B | $1.93B | $718.22M | $718.22M |
| Non-Current Deferred Assets | $789.08M | $832.57M | $843.21M | $917.73M | $917.73M |
| Other Non-Current Assets | $393.14M | $676.46M | $675.00M | $337.89M | $337.89M |
| Total Liabilities | $5.35B | $5.22B | $5.54B | $4.68B | $4.68B |
| Total Current Liabilities | $2.47B | $1.85B | $2.16B | $1.64B | $1.64B |
| Short-Term Debt and Capital Lease Obligation | $648.81M | – | $425.00M | – | – |
| -Current Debt | $648.81M | – | $425.00M | – | – |
| Current Deferred Liabilities | $1.01B | $1.03B | $873.60M | $778.44M | $778.44M |
| Total Non-Current Liabilities | $2.88B | $3.37B | $3.37B | $3.04B | $3.04B |
| Non-Current Accrued Expenses | $233.61M | $227.84M | $217.98M | $271.24M | $271.24M |
| Long Term Debt and Capital Lease Obligation | $2.16B | $2.65B | $2.66B | $2.62B | $2.62B |
| -Long Term Debt | $1.98B | $2.48B | $2.48B | $2.48B | $2.48B |
| -Long Term Capital Lease Obligation | $179.28M | $169.16M | $177.18M | $136.29M | $136.29M |
| Non-Current Deferred Liabilities | $485.73M | $494.33M | $498.05M | $156.00M | $156.00M |
| Total Equity | $6.88B | $6.86B | $6.56B | $5.47B | $5.47B |
| Stockholders' Equity | $6.88B | $6.86B | $6.56B | $5.47B | $5.47B |
| Capital Stock | $6.04B | $5.87B | $5.70B | $4.72B | $4.72B |
| -Common Stock | $6.04B | $5.87B | $5.70B | $4.72B | $4.72B |
| Retained Earnings | $8.09B | $7.80B | $7.44B | $7.10B | $7.10B |
| Less: Treasury Stock | $7.19B | $6.76B | $6.54B | $6.34B | $6.34B |
| Gains/Losses Not Affecting Retained Earnings | -$68.70M | -$56.15M | -$40.09M | -$1.81M | -$1.81M |
| Payables | – | – | $323.11M | $93.49M | $93.49M |
| -Accounts Payable | – | – | $88.17M | $93.49M | $93.49M |
| -Total Tax Payable | – | – | $234.95M | – | – |
| Current Accrued Expenses | – | – | $540.80M | $763.37M | $763.37M |
| -Short Term Investments | – | – | – | $154.21M | $154.21M |
| -Accumulated Depreciation | – | – | – | -$1.02B | -$1.02B |
| -Preferred Stock | – | – | – | $0.00 | $0.00 |
Cash flow
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Operating Cash Flow | $423.73M | $634.93M | $355.78M | $1.73B | $553.50M |
| Net cash flow from continuing operations | $423.73M | $634.93M | $355.78M | $1.73B | $553.50M |
| Net Income from Continuing Operations | $289.75M | $367.08M | $335.66M | $1.11B | $388.14M |
| Gain/Loss from Continuing Operations | -$2.79M | -$71.89M | -$13.93M | -$69.09M | -$46.95M |
| Depreciation & Depletion & Amortization | $115.37M | $118.31M | $84.37M | $233.84M | $68.87M |
| Deferred Tax | $42.50M | $3.06M | $73.13M | $66.05M | -$23.71M |
| Other Non-Cash Items | $3.35M | $2.29M | $1.63M | $7.17M | $2.45M |
| Change in Working Capital | -$169.20M | $69.19M | -$263.27M | -$73.25M | $51.53M |
| -Change in Receivables | -$45.96M | -$19.78M | -$18.55M | -$274.89M | -$184.23M |
| -Change in Inventory | -$65.94M | -$75.61M | -$31.38M | -$91.03M | -$30.17M |
| -Change in Prepaid Assets | -$16.48M | $47.20M | $9.10M | $43.38M | $58.22M |
| -Change in Payables and Accrued Expense | -$7.54M | -$22.92M | -$232.57M | $184.90M | $208.13M |
| -Change in Other Current Assets | -$18.51M | -$18.60M | -$1.87M | -$18.57M | -$24.38M |
| -Change in Other Current Liabilities | $6.12M | $9.60M | -$8.43M | $13.55M | -$995,000.00 |
| -Change In Other Working Capital | -$20.89M | $149.31M | $20.42M | $69.41M | $24.96M |
| Net cash flow from investing | -$159.90M | $26.27M | -$2.11B | -$460.52M | -$88.81M |
| Net Cash Flow from Continuing Investing Activities | -$159.90M | $26.27M | -$2.11B | -$460.52M | -$88.81M |
| Net PPE Purchase and Sale | -$61.81M | -$52.63M | -$48.82M | -$141.87M | -$41.04M |
| Net Intangibles Purchase and Sale | $0.00 | -$6.98M | $0.00 | $11.50M | $0.00 |
| Net Business Purchase and Sale | -$43.14M | -$25.76M | -$2.07B | -$429.54M | -$178.84M |
| Net Investment Purchase and Sale | -$54.96M | $111.63M | $11.38M | $99.39M | $131.08M |
| Financing Cash Flow | -$254.67M | -$626.40M | $174.52M | -$948.98M | -$213.89M |
| Net Cash Flow from Continuing Financing Activities | -$254.67M | -$626.40M | $174.52M | -$948.98M | -$213.89M |
| Net Issuance Payments Of Debt | $150.00M | -$425.00M | $425.00M | $0.00 | $0.00 |
| Net Common Stock Issuance | -$404.67M | -$201.40M | -$250.48M | -$948.98M | -$213.89M |
| Ending Cash Balance | $1.45B | $1.44B | $1.41B | $3.00B | $3.00B |
| Net Change in Cash | $9.15M | $34.79M | -$1.58B | $319.28M | $250.80M |
| Beginning Cash Balance | $1.44B | $1.41B | $3.00B | $2.64B | $2.75B |
| Effect of Exchange Rate Changes | $2.43M | -$1.02M | -$12.97M | $38.00M | -$2.73M |
| Free Cash Flow | $361.92M | $575.33M | $306.96M | $1.59B | $512.45M |
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