Cadence Design Systems (CDNS) Financials
Key financial figures for Cadence Design Systems (Q2 2026).
Cadence posted Q2 2026 revenue of $1.584 billion (up 24% YoY), record backlog of $8.1 billion, and raised full-year 2026 revenue growth guidance to 19% YoY. Revenue of $1.584 billion vs. $1.275 billion in Q2 2025 (up ~24% YoY), with double-digit growth across all businesses. GAAP operating margin expanded to 28.4% (from 19.0% a year ago); non-GAAP operating margin rose to 45.5% (from 42.8%). GAAP diluted EPS of $1.33 vs. $0.59 in Q2 2025; non-GAAP diluted EPS of $2.11 vs. $1.65. Record quarter-end backlog of $8.1 billion, with $4.2 billion of current remaining performance obligations expected to convert to revenue in the next 12 months. On the outlook: Cadence raised full-year 2026 guidance to: revenue in the range of $6.26-6.34 billion (approximately 19% YoY growth at the midpoint), GAAP operating margin of 27.75%-28.75%, non-GAAP operating margin of 43.75%-44.75% (44.25% at midpoint), GAAP diluted EPS of $4.76-$4.86, non-GAAP diluted EPS of $8.05-$8.15 ($8.10 at midpoint), and operating cash flow of approximately $2 billion at the midpoint. Figures are for Q2 2026, as Cadence Design Systems, Inc. reported them.
- Revenue
- $1.6B
- Net Income
- $367M
- EPS
- $1.34
- Total Assets
- $12.1B
- Operating Cash Flow
- $635M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q2 FY2026 | $1.6B | $367M | $1.33 | 28.42% | $582M |
| Q1 FY2026 | $1.5B | $336M | $1.23 | 29.26% | $307M |
| Q4 FY2025 | $1.4B | $388M | $1.42 | 32.3% | $512M |
| Q3 FY2025 | $1.3B | $287M | $1.05 | 33.82% | $277M |
| Q2 FY2025 | $1.3B | $160M | $0.59 | 29.04% | $334M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $5.3B | $1.1B | $4.06 | 31.15% | $1.6B |
| FY2024 | $4.6B | $1.1B | $3.85 | 29.1% | $1.1B |
| FY2023 | $4.1B | $1.0B | $3.82 | 30.59% | $1.2B |
Frequently asked questions
What was Cadence Design Systems, Inc.'s revenue last quarter?
Cadence Design Systems, Inc. reported revenue of $1.58 billion for Q2 FY2026, up 24.2% from the same period a year earlier.
Is Cadence Design Systems, Inc. profitable?
Yes. Cadence Design Systems, Inc. reported net income of $367.1 million for Q2 FY2026, a net margin of 23.17% on revenue.
How has Cadence Design Systems, Inc.'s margin trended?
Operating margin was 28.42% in Q2 FY2026, compared with 29.04% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Cadence Design Systems, Inc. generate?
Cadence Design Systems, Inc. generated free cash flow of $582.3 million in Q2 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Cadence Design Systems on SentiSense, with up to forty quarters and twenty fiscal years of history.