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Cadence Design Systems CDNS

US equityMarket cap rank #183Software - Application
$320.97
+$11.88 (+3.84%)
Market open · Sep 24, 1:10 pm ET
After hours $311.80 +0.88%
Open$307.87
Prev close$309.09
Day range$305.20 – $321.90
Volume1.01M
Market cap$88.39B
P/E (TTM)63.8
Dividend yield

Fundamentals

Latest reported quarter: Q2, ended Jun 2026

Revenue$1.58B+24.2% YoY
Operating profit$449.96M+21.5% YoY
Net profit$367.08M+129.3% YoY
Diluted EPS$1.33+125.4% YoY
Free cash flow$575.33M+72.5% YoY
Operating cash flow$634.93M

Revenue, last 8 quarters

$1.2BSep '24$1.4BDec '24$1.2BMar '25$1.3BJun '25$1.3BSep '25$1.4BDec '25$1.5BMar '26$1.6BJun '26

Net profit, last 8 quarters

$238.1MSep '24$340.2MDec '24$273.6MMar '25$160.1MJun '25$287.1MSep '25$388.1MDec '25$335.7MMar '26$367.1MJun '26

Diluted EPS by quarter

0.87Sep '241.24Dec '241.00Mar '250.59Jun '251.05Sep '251.42Dec '251.23Mar '261.33Jun '26

Free cash flow by quarter

$383.5MSep '24$404.2MDec '24$464.0MMar '25$333.5MJun '25$277.0MSep '25$512.5MDec '25$307.0MMar '26$575.3MJun '26

Annual revenue

$2.7BFY20$3.0BFY21$3.6BFY22$4.1BFY23$4.6BFY24$5.3BFY25

Profitability & balance sheet

Gross margin85.9%
Operating margin30.8%
Net margin23.6%
Return on equity23.2%
Return on assets12.8%
Return on invested capital16.6%
Current ratio1.74
Liabilities / assets43.2%
Cash & investments$1.44B
Total debt$2.65B
Net cash (debt)-$1.21B
Free cash flow / sales28.6%

Where the revenue comes from

Quarter 2026/Q2

By business line

  • Core Electronic Design Automation (EDA)$1.08B 68.0%
  • System Design and Analysis$269.36M 17.0%
  • Semiconductor Intellectual Property (IP)$237.67M 15.0%

Income statement

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Revenue as Reported $1.58B $1.47B $5.30B $1.44B $1.34B
Total Operating Revenue $1.58B $1.47B $5.30B $1.44B $1.34B
Cost of Revenue $239.32M $214.54M $722.25M $188.73M $182.19M
Gross Profit $1.35B $1.26B $4.57B $1.25B $1.16B
Operating Expense $895.17M $828.35M $2.92B $786.16M $703.86M
Selling and Admin Expenses $329.58M $299.70M $1.12B $310.00M $270.60M
-Selling & Marketing Expense $241.03M $211.49M $802.63M $206.78M $192.56M
-General & Admin Expense $88.55M $88.22M $313.39M $103.23M $78.04M
Research & Development $531.27M $508.44M $1.77B $464.58M $423.03M
Depreciation & Amortization & Depletion $34.32M $20.21M $39.94M $11.58M $10.23M
-Depreciation & Amortization $34.32M $20.21M $39.94M $11.58M $10.23M
Operating Profit $449.96M $431.34M $1.65B $465.23M $452.79M
Net Non-Operating Interest Income (Expense) -$25.20M -$13.35M -$14.96M -$4.68M -$4.41M
Non-Operating Interest Income $9.94M $18.27M $101.58M $24.76M $24.63M
Non-Operating Interest Expense $35.14M $31.61M $116.54M $29.44M $29.04M
Other Income (Expense) $85.47M $10.13M -$112.78M $32.45M -$55.59M
Gain on Sale of Security $84.23M $10.66M $35.53M $35.30M -$27.77M
Special Income (Charges) $352,000.00 $5,000.00 -$146.24M -$1.86M -$27.39M
-Less:Restructuring and Mergern & Acquisition -$352,000.00 -$5,000.00 $29.19M $1.86M $27.39M
-Gain on Sale of Property/Plant/Equipment $0.00 $0.00 $11.50M $0.00 $0.00
Other Non-Operating Income (Expenses) $886,000.00 -$536,000.00 -$2.07M -$988,000.00 -$434,000.00
Pretax Profit $510.23M $428.10M $1.52B $492.96M $392.78M
Tax $143.16M $92.44M $413.16M $104.83M $105.66M
Net Profit $367.08M $335.66M $1.11B $388.14M $287.12M
Profit from Continuing Operations $367.08M $335.66M $1.11B $388.14M $287.12M
Net Income to Parent Company $367.08M $335.66M $1.11B $388.14M $287.12M
Net Income to Common Stockholders $367.08M $335.66M $1.11B $388.14M $287.12M
Basic EPS $1.34 $1.23 $4.09 $1.43 $1.06
Diluted EPS $1.33 $1.23 $4.06 $1.42 $1.05
-Less:Other Special Charges $128.55M $0.00

Balance sheet

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Assets $12.08B $12.10B $10.15B $10.15B $9.60B
Total Current Assets $3.22B $3.18B $4.67B $4.67B $4.29B
Cash and Cash Equivalents & Short-Term Investments $1.44B $1.41B $3.16B $3.16B $2.75B
-Cash and Cash Equivalents $1.44B $1.41B $3.00B $3.00B $2.75B
Receivables $1.07B $1.03B $944.94M $944.94M $755.27M
-Accounts Receivable $504.42M $516.27M $492.83M $492.83M $383.80M
-Other Receivables $564.61M $521.17M $455.99M $455.99M $375.68M
-Receivables Adjustments Allowances -$4.01M -$3.63M -$3.89M -$3.89M -$4.21M
Inventory $390.38M $317.95M $303.55M $303.55M $286.19M
Other Current Assets $326.05M $421.97M $265.66M $265.66M $492.34M
Total Non-Current Assets $8.86B $8.92B $5.48B $5.48B $5.31B
Net PPE $560.16M $536.90M $692.97M $692.97M $494.70M
Goodwill and Other Intangible Assets $6.79B $6.86B $3.47B $3.47B $3.32B
-Goodwill $4.91B $4.93B $2.75B $2.75B $2.64B
-Other Intangible Assets $1.87B $1.93B $718.22M $718.22M $672.51M
Non-Current Deferred Assets $832.57M $843.21M $917.73M $917.73M $892.57M
Other Non-Current Assets $676.46M $675.00M $337.89M $337.89M $607.54M
Total Liabilities $5.22B $5.54B $4.68B $4.68B $4.40B
Total Current Liabilities $1.85B $2.16B $1.64B $1.64B $1.41B
Current Deferred Liabilities $1.03B $873.60M $778.44M $778.44M $775.28M
Total Non-Current Liabilities $3.37B $3.37B $3.04B $3.04B $2.99B
Non-Current Accrued Expenses $227.84M $217.98M $271.24M $271.24M
Long Term Debt and Capital Lease Obligation $2.65B $2.66B $2.62B $2.62B $2.48B
-Long Term Debt $2.48B $2.48B $2.48B $2.48B $2.48B
-Long Term Capital Lease Obligation $169.16M $177.18M $136.29M $136.29M
Non-Current Deferred Liabilities $494.33M $498.05M $156.00M $156.00M $130.06M
Total Equity $6.86B $6.56B $5.47B $5.47B $5.20B
Stockholders' Equity $6.86B $6.56B $5.47B $5.47B $5.20B
Capital Stock $5.87B $5.70B $4.72B $4.72B $4.61B
-Common Stock $5.87B $5.70B $4.72B $4.72B $4.61B
Retained Earnings $7.80B $7.44B $7.10B $7.10B $6.71B
Less: Treasury Stock $6.76B $6.54B $6.34B $6.34B $6.13B
Gains/Losses Not Affecting Retained Earnings -$56.15M -$40.09M -$1.81M -$1.81M $7.30M
Payables $323.11M $93.49M $93.49M $87.35M
-Accounts Payable $88.17M $93.49M $93.49M $87.35M
-Total Tax Payable $234.95M
Current Accrued Expenses $540.80M $763.37M $763.37M $543.93M
Short-Term Debt and Capital Lease Obligation $425.00M
-Current Debt $425.00M
-Short Term Investments $154.21M $154.21M
-Gross PPE $1.71B $1.71B
-Accumulated Depreciation -$1.02B -$1.02B
Investments and Advances $67.52M $67.52M
-Preferred Stock $0.00 $0.00
Other Non-Current Liabilities $384.51M

Cash flow

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Operating Cash Flow $634.93M $355.78M $1.73B $553.50M $310.66M
Net cash flow from continuing operations $634.93M $355.78M $1.73B $553.50M $310.66M
Net Income from Continuing Operations $367.08M $335.66M $1.11B $388.14M $287.12M
Gain/Loss from Continuing Operations -$71.89M -$13.93M -$69.09M -$46.95M $14.52M
Depreciation & Depletion & Amortization $118.31M $84.37M $233.84M $68.87M $55.75M
Deferred Tax $3.06M $73.13M $66.05M -$23.71M $86.52M
Other Non-Cash Items $2.29M $1.63M $7.17M $2.45M $1.21M
Change in Working Capital $69.19M -$263.27M -$73.25M $51.53M -$250.53M
-Change in Receivables -$19.78M -$18.55M -$274.89M -$184.23M -$79.46M
-Change in Inventory -$75.61M -$31.38M -$91.03M -$30.17M -$68.39M
-Change in Prepaid Assets $47.20M $9.10M $43.38M $58.22M $9.37M
-Change in Payables and Accrued Expense -$22.92M -$232.57M $184.90M $208.13M -$138.84M
-Change in Other Current Assets -$18.60M -$1.87M -$18.57M -$24.38M -$6.43M
-Change in Other Current Liabilities $9.60M -$8.43M $13.55M -$995,000.00 $10.58M
-Change In Other Working Capital $149.31M $20.42M $69.41M $24.96M $22.63M
Net cash flow from investing $26.27M -$2.11B -$460.52M -$88.81M -$174.32M
Net Cash Flow from Continuing Investing Activities $26.27M -$2.11B -$460.52M -$88.81M -$174.32M
Net PPE Purchase and Sale -$52.63M -$48.82M -$141.87M -$41.04M -$33.68M
Net Intangibles Purchase and Sale -$6.98M $0.00 $11.50M $0.00 $0.00
Net Business Purchase and Sale -$25.76M -$2.07B -$429.54M -$178.84M -$128.55M
Net Investment Purchase and Sale $111.63M $11.38M $99.39M $131.08M -$12.08M
Financing Cash Flow -$626.40M $174.52M -$948.98M -$213.89M -$194.06M
Net Cash Flow from Continuing Financing Activities -$626.40M $174.52M -$948.98M -$213.89M -$194.06M
Net Issuance Payments Of Debt -$425.00M $425.00M $0.00 $0.00 $0.00
Net Common Stock Issuance -$201.40M -$250.48M -$948.98M -$213.89M -$194.06M
Ending Cash Balance $1.44B $1.41B $3.00B $3.00B $2.75B
Net Change in Cash $34.79M -$1.58B $319.28M $250.80M -$57.71M
Beginning Cash Balance $1.41B $3.00B $2.64B $2.75B $2.82B
Effect of Exchange Rate Changes -$1.02M -$12.97M $38.00M -$2.73M -$11.81M
Free Cash Flow $575.33M $306.96M $1.59B $512.45M $276.98M
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