Cadence Design Systems (CDNS): financials, SEC filings and peers
Cadence Design Systems (CDNS) is an application software company in the Information Technology sector of the S&P 500, headquartered in San Jose, California.
It was founded in 1988 and joined the S&P 500 on September 18, 2017.
Its fiscal year ends in December, and its shares trade on the Nasdaq.
In its SEC filings it is classified as “Services-Prepackaged Software”.
Cadence Design Systems at a glance
- Revenue (12 months)
- $5.5B
- Revenue growth
- +13.4%
- Operating margin
- 28.3%
- Net income (12 months)
- $1.2B
- Free cash flow (12 months)
- $1.4B
- Cash
- $1.4B
- Debt
- —
- Diluted EPS (12 months)
- $4.29
Twelve months to March 31, 2026, from the 10-Q filed May 1, 2026.
Latest twelve months
Over the twelve months to March 31, 2026, Cadence Design Systems reported revenue of $5.5 billion, up 13.4% from a year earlier.
Its operating margin was 28.3%, down 1.7 percentage points from a year earlier: for every $100 of sales, about $28 was left as operating profit.
Net income was $1.2 billion (21.2% of revenue), 8.3% higher than a year earlier.
Operating cash flow was $1.6 billion and capital spending $168 million, leaving free cash flow of $1.4 billion (25.9% of revenue).
At the end of the period it held $1.4 billion in cash and not reported in debt, a net cash position of $1.4 billion.
Five-year trend
- Revenue went from $2.7 billion in fiscal 2021 to $5.3 billion in fiscal 2025, about 14.6% a year.
- Revenue has grown for 5 fiscal years in a row.
- Operating margin widened from 24.1% to 28.2% over the same years.
- Free cash flow was positive in each of the last 6 fiscal years.
| Fiscal year | 2022 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $3.0B | $3.6B | $4.1B | $4.6B | $5.3B |
| Revenue growth | 11.4% | 19.2% | 14.8% | 13.5% | 14.1% |
| Operating margin | 26.1% | 30.1% | 30.6% | 29.1% | 28.2% |
| Net income | $696M | $849M | $1.0B | $1.1B | $1.1B |
| Free cash flow | $1.0B | $1.1B | $1.2B | $1.1B | $1.6B |
| Diluted EPS | $2.50 | $3.09 | $3.82 | $3.85 | $4.06 |
Fiscal years as reported in Cadence Design Systems’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 10-Q filed July 29, 2026 — quarterly report
- 8-K filed July 27, 2026 — Earnings results
- 8-K filed May 12, 2026 — Executive or director change; Shareholder vote results
- 8-K/A filed May 12, 2026 — Executive or director change
- 10-Q filed May 1, 2026 — quarterly report
- 8-K filed April 27, 2026 — Earnings results
Companies like Cadence Design Systems
Other S&P 500 companies in Application Software:
- ADBEAdobe Inc.San Jose, California
- ADSKAutodeskSan Francisco, California
- CRMSalesforceSan Francisco, California
- DDOGDatadogNew York City, New York
- FICOFair IsaacBozeman, Montana
- INTUIntuitMountain View, California
- ORCLOracle CorporationAustin, Texas
- PLTRPalantir TechnologiesAventura, Florida
More from Information Technology
Questions about Cadence Design Systems
Is Cadence Design Systems's revenue growing?
Yes. Revenue for the twelve months to March 31, 2026 was $5.5 billion, up 13.4% from a year earlier, according to its SEC filings.
Is Cadence Design Systems profitable?
Yes. It earned $1.2 billion in net income over the twelve months to March 31, 2026, a net margin of 21.2%.
When did Cadence Design Systems last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on July 29, 2026.
Which companies are similar to Cadence Design Systems?
In the S&P 500, Cadence Design Systems is grouped in Application Software within the Information Technology sector. Adobe Inc. (ADBE), Autodesk (ADSK), Salesforce (CRM), Datadog (DDOG), Fair Isaac (FICO) are in the same group.
Understand the numbers
Source: Cadence Design Systems’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.