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): $6.1B
Revenue growth: +17.6%
Operating margin: 28.9%
Net income (12 months): $1.4B
Free cash flow (12 months): $1.8B
Cash: $1.5B
Debt: $2.5B
Diluted EPS (12 months): $5.03

Twelve months to September 30, 2026, from the 10-Q filed October 28, 2026.

Latest twelve months

Over the twelve months to September 30, 2026, Cadence Design Systems reported revenue of $6.1 billion, up 17.6% from a year earlier.

Its operating margin was 28.9%: for every $100 of sales, about $29 was left as operating profit.

Net income was $1.4 billion (22.5% of revenue), 30.1% higher than a year earlier.

Operating cash flow was $2.0 billion and capital spending $204 million, leaving free cash flow of $1.8 billion (28.8% of revenue).

At the end of the period it held $1.5 billion in cash and $2.5 billion in debt, a net debt position of $1.0 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 October 28, 2026 — quarterly report
8-K filed October 26, 2026 — Earnings results; Other event
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

All Cadence Design Systems filings on SEC EDGAR

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Questions about Cadence Design Systems

Is Cadence Design Systems's revenue growing?

Yes. Revenue for the twelve months to September 30, 2026 was $6.1 billion, up 17.6% from a year earlier, according to its SEC filings.

Is Cadence Design Systems profitable?

Yes. It earned $1.4 billion in net income over the twelve months to September 30, 2026, a net margin of 22.5%.

Does Cadence Design Systems have more cash or more debt?

At September 30, 2026 it had $1.5 billion in cash and $2.5 billion in debt, so more debt than cash.

When did Cadence Design Systems last file financial results?

Its latest quarterly report (10-Q) was filed with the SEC on October 28, 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 November 10, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.