Cadence Design Systems CDNS
- Market cap
- $87.2B
- PE
- 62.9×
- 10y median 59.4×
- Forward PE
- 36.9×
- 10y median 38.2×
- Price to sales
- 14.9×
- EV/EBIT
- 49.8×
- Revenue, 12 months
- $5.8B
- +15% on a year ago
- Net margin
- 23.6%
- Free cash flow yield
- 1.9%
Cadence Design Systems trades at 62.9× trailing earnings, near its ten-year median. Revenue was $5.8B over the last twelve months, up 15% on a year earlier with a 24% net margin.
Charts
Financials
| Income statement | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $1B+13% | $1.1B+19% | $1B−1% | $1.1B+9% | $1.2B+19% | $1.4B+27% | $1.2B+23% | $1.3B+20% | $1.3B+10% | $1.4B+6% | $1.5B+19% | $1.6B+24% | |
| Cost of revenue | $109.6M+25% | $104.1M+11% | $125.2M+1% | $139.3M+44% | $163M+49% | $220M+111% | $167.1M+34% | $184.2M+32% | $182.2M+12% | $188.8M−14% | $214.5M+28% | $239.3M+30% |
| Gross profit | $913.5M+12% | $964.5M+20% | $883.9M−2% | $921.4M+5% | $1.1B+15% | $1.1B+18% | $1.1B+22% | $1.1B+18% | $1.2B+10% | $1.3B+10% | $1.3B+17% | $1.3B+23% |
| R&D | $369.6M+14% | $367.4M+5% | $379M+8% | $370.7M+5% | $407.4M+10% | $392M+7% | $439.1M+16% | $442.1M+19% | $423M+4% | $464.6M+19% | $508.4M+16% | $531.3M+20% |
| SG&A | $234.8M+4% | $256.1M+7% | $249.3M+13% | $250.2M+13% | $261.3M+11% | $270.6M+6% | $265.8M+7% | $269.6M+8% | $270.6M+4% | $310M+15% | $299.7M+13% | $329.6M+22% |
| $292.9M+12% | $336.5M+59% | $250M−23% | $293.9M−2% | $350.1M+20% | $456.9M+36% | $361.5M+45% | $241.8M−18% | $425.4M+22% | $463.3M+1% | $431.3M+19% | $450.3M+86% | |
| Interest expense | $9.1M+66% | $9M−1% | $8.7M−6% | $12.9M+45% | $24.5M+170% | $29.9M+233% | $29.1M+235% | $28.9M+124% | $29M+19% | $29.4M−2% | $31.6M+9% | $35.1M+21% |
| Pre-tax income | $300M+19% | $362.1M+72% | $310M−4% | $315.7M+6% | $333.4M+11% | $436.7M+21% | $355.7M+15% | $280.6M−11% | $392.8M+18% | $493M+13% | $428.1M+20% | $510.2M+82% |
| $45.6M−31% | $38.2M | $62.4M−22% | $86.2M+12% | $95.3M+109% | $96.4M+153% | $82.1M+32% | $120.6M+40% | $105.7M+11% | $104.8M+9% | $92.4M+13% | $143.2M+19% | |
| Net income | $254.3M+37% | $323.9M+35% | $247.6M+2% | $229.5M+4% | $238.1M−6% | $340.2M+5% | $273.6M+11% | $160.1M−30% | $287.1M+21% | $388.1M+14% | $335.7M+23% | $367.1M+129% |
| $0.93+37% | $1.19+35% | $0.91+2% | $0.84+4% | $0.87−7% | $1.24+4% | $1.00+10% | $0.59−30% | $1.05+21% | $1.42+15% | $1.23+23% | $1.33+125% | |
| 272.4M−1% | 272.4M−0% | 273.5M+0% | 273.5M+0% | 274M+1% | 274.3M+1% | 273.6M+0% | 272.9M−0% | 273.8M−0% | 272.9M−1% | 273.7M+0% | 276.2M+1% |
Gross profit: 69 periods, Q2 FY09 to Q2 FY26: not printed by the filing, worked out from its own lines.
EPS, diluted: 17 periods, Q4 FY09 to Q4 FY25: quarter's net income to common over its shares, to the cent.
Diluted shares: 15 periods, Q4 FY09 to Q4 FY25: share-days: the 12-month average less the 9-month, weighted by days. Q4 FY10 and Q4 FY17: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.
Estimates
Next earnings report: .
| Quarter | Revenue | Range | EPS | Range | Analysts |
|---|---|---|---|---|---|
| Q3 FY26 | $1.6B | $1.6B to $1.6B | $2.05 | $2.03 to $2.08 | 12 |
| Q4 FY26 | $1.6B | $1.6B to $1.7B | $2.03 | $1.97 to $2.10 | 12 |
| Q1 FY27 | $1.7B | $1.6B to $1.7B | $2.16 | $2.12 to $2.22 | 5 |
| Q2 FY27 | $1.8B | $1.7B to $1.8B | $2.35 | $2.30 to $2.42 | 5 |
| Q3 FY27 | $1.8B | $1.8B to $1.9B | $2.44 | $2.39 to $2.51 | 5 |
| Q4 FY27 | $1.9B | $1.9B to $2B | $2.60 | $2.55 to $2.67 | 5 |
| Q1 FY28 | $1.9B | $1.8B to $1.9B | $2.52 | $2.47 to $2.59 | 6 |
| Q2 FY28 | $2B | $2B to $2B | $2.76 | $2.70 to $2.84 | 6 |
Peers
Companies in Software - Application nearest Cadence Design Systems' size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| CDNSCadence Design Systems | $87.2B | 62.9× | 59.4× | 36.9× | 14.9× | +15% | 23.6% |
| APPAppLovin | $87.1B | 20.0× | 62.7× | 14.4× | 12.8× | +48% | 64.6% |
| INTUIntuit | $91.8B | 20.8× | 49.4× | 14.9× | 4.3× | +14% | 21.3% |
| DDOGDatadog | $96.8B | n/m | 340× | 101× | 24.4× | +32% | 4.5% |
| ADBEAdobe | $102.7B | 14.7× | 49.2× | 9.8× | 4.0× | +12% | 28.0% |
| SNOWSnowflake | $114.8B | n/m | n/a | 128× | 21.1× | +32% | −20.1% |
| ADPAutomatic Data Processing | $120.8B | 27.8× | 30.4× | 24.8× | 5.5× | +7% | 20.1% |
| TEAMAtlassian | $57.6B | n/m | n/a | 41.4× | 8.8× | +26% | −0.8% |
| MSTRStrategy | $56.1B | n/m | 37.9× | 4.6× | 113× | +8% | n/m |
| UBERUber Technologies | $136.2B | 14.7× | 17.6× | 17.3× | 2.5× | +17% | 17.3% |
| ADSKAutodesk | $52.7B | 32.7× | 57.7× | 19.4× | 6.8× | +18% | 21.1% |
| Peer median | $94.3B | 20.4× | 49.3× | 18.3× | 7.8× | +17% | 20.1% |
Investors who own it
Investors we follow who held Cadence Design Systems at the end of Jun 30, 2026, from their 13F filings.
- Baillie GiffordBaillie Gifford0.0% of portfoliotrimmed
More on Cadence Design Systems
Each number over time
- PE ratio
- Forward PE
- Price to sales ratio
- EV/EBIT
- Price to free cash flow
- Price to book ratio
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
- #9of 91Application software stocks with the highest profit margins
- #6of 19Application software stocks with the fastest expected revenue growth
Its groups
About
- Industry
- Software - Application
- Sector
- Technology
Valuation data, not investment advice. Prices as of .