Income StatementBalance SheetCash FlowSegments
Cadence Design Systems logo

Cadence Design Systems Income Statement

Revenue, expenses, and profitability over time

Cadence Design Systems generated $5.5B in trailing twelve-month revenue, up 0.1% year-over-year. Net income was $1.2B with a 21.18% net margin. Diluted EPS is $4.29, which grew 0.1% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$5.5BOperating Income (TTM)$1.6BNet Income (TTM)$1.2BEps Diluted (TTM)$4.29
Latest FilingQ1 2026
Report Date2026-05-01
Market Cap$97.3B
P/E Ratio83.11
ROE20.66%

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Foreign Currency Transaction Gain (Loss)-$2.7M$809.0K-$4.2M-$19.0M-$13.7M-$441.0K
Other non-cash income (expense)-$278.0K-$862.0K-$2.6M-$1.2M-$2.5M-$1.6M
Gains (losses) on equity investments—-$13.3M$38.5M-$14.5M$47.0M$14.0M
Interest expense$29.9M$29.1M$28.9M$29.0M$29.4M$31.6M
Interest income$27.2M$26.2M$26.0M$24.6M$24.8M$18.3M
Other non-operating expense$193.0K$377.0K$271.0K$434.0K$988.0K$536.0K
Gain on retained interest in Sandisk—-$13.3M$38.5M-$14.5M-$19.1M$14.7M
Realized Gain (Loss) on Equity Securities$0.0$0.0$0.0$0.0$66.2M-$734.0K

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Unrecognized Tax Benefits Current Period Increases$1.7M$1.0M$1.0M$1.0M$1.0M—
Cash Paid for Income Taxes$213.9M$30.0M$124.9M$44.0M$48.6M$34.7M
Current income tax expense (benefit)$117.3M$86.8M$86.8M$86.8M$86.8M—
Deferred Foreign Tax Expense (Benefit)$1.7M$6.5M$6.5M$6.5M$6.5M—
Effective Tax Rate, Continuing Operations0.060.070.070.070.07—
State and Local Income Taxes, Net$12.6M$16.8M$16.8M$16.8M$16.8M—
Tax Reconciliation: Other Adjustments—-0.00-0.00-0.00-0.00—
Tax Reconciliation: Research and Other Credits—0.000.000.000.00—
Income tax expense$96.4M$82.1M$120.6M$105.7M$104.8M$92.4M
Unrecognized Tax Benefits Reevaluation (Statute Lapse)$793.3K$1.0M$1.0M$1.0M$1.0M—
Foreign Rate Differential-$15.7M—————
Tax Reconciliation: Foreign Tax Credits—$27.5M$27.5M$27.5M$27.5M—
Tax Reconciliation: Tax Credits$33.8M—————

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Stock Issued for Business Acquisition——$501.8M——$902.2M
OCI Foreign Currency Gain (Loss) Arising During Period, Net of Tax-$175.3M$66.2M$146.8M-$17.6M$0.0-$37.5M
Share-Based Payment Arrangement, Decrease for Tax Withholding Obligation$20.3M$72.6M$21.8M$53.8M$21.7M$123.1M
Share-based compensation expense related to employee stock plans$106.5M$107.6M$118.3M$116.1M$113.2M$138.2M
Advertising costs$5.8M$3.8M$3.8M$3.8M$3.8M—
Accounts Receivable, Allowance for Credit Loss, Writeoff$205.8K$687.3K$687.3K$687.3K$687.3K—
Amortization of Acquired Intangibles$26.8M$25.4M$23.7M$26.0M$30.2M$50.9M
Stock options excluded as their inclusion would be anti-dilutive (in shares)—611K1.7M1.7M—2.9M
Business Acquisitions Pro Forma Net Income Loss—$261.3M———$319.1M
Business Acquisitions Pro Forma Revenue—$1.3B———$1.5B
Acquisition-related transaction costs—$2.0M$4.0M$17.0M—$6.5M
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation$0.0$133.6M$45.1M-$69.5M$248.1M-$1.6B
Comprehensive Income (Loss), Net of Tax, Attributable to Parent$163.7M$340.9M$307.2M$270.4M$379.0M$297.4M
Impact to revenue from performance obligations satisfied (or partially satisfied) in previous periods$17.8M$14.9M$15.1M$22.7M$34.6M$24.6M
Total cost of repurchased shares$150.0M$350.0M$175.0M$200.0M$200.0M$200.0M
Federal$70.4M$33.3M$33.3M$33.3M$33.3M—
Foreign$34.2M$36.6M$36.6M$36.6M$36.6M—
Debt and Equity Securities, Realized Gain (Loss)—-$13.3M$38.4M-$14.5M$47.0M$13.9M
Federal-$32.6M$7.8M$7.8M$7.8M$7.8M—
Deferred taxes-$123.7M-$1.9M$5.1M$86.5M—$73.1M
State-$1.3M$2.2M$2.2M$2.2M$2.2M—
Depreciation$24.2M$27.9M$27.9M$27.9M$27.9M—
Effect of exchange rate changes on cash, cash equivalents and restricted cash-$32.2M$14.2M$38.3M-$11.8M$0.0-$13.0M
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent—0.000.000.000.00—
Effective Income Tax Rate Reconciliation, FDII, Amount$3.3M$1.8M$1.8M$1.8M$1.8M—
Effective Income Tax Rate Reconciliation, FDII, Percent—0.000.000.000.00—
Global Intangible Low-taxed Income, net of credits$36.1M$32.8M$32.8M$32.8M$32.8M—
Global Intangible Low-taxed Income, net of credits—0.020.020.020.02—
Intercompany transfers of intangible property rights$2.0M—————
Acquisition-related costs$2.9M$3.5M$3.5M$3.5M$3.5M—
Settlements with BIS and the DOJ, percent—0.000.000.000.00—
Settlement with BIS and the DOJ—$6.7M$6.7M$6.7M$6.7M—
Acquisition-related costs, percent—0.000.000.000.00—
Share-based compensation—-0.00-0.00-0.00-0.00—
Subpart F, percent—0.000.000.000.00—
Subpart F—$5.5M$5.5M$5.5M$5.5M—
Changes in unrecognized tax benefits—-0.00-0.00-0.00-0.00—
Effective Income Tax Rate Reconciliation, Tax Credit, Foreign, Percent—0.020.020.020.02—
Excise taxes recorded as a component of treasury stock—$775.0K$775.0K$775.0K$775.0K—
Gain Loss On Sale Of Other Assets$0.0$11.5M$0.0$0.0$0.0$0.0
Gains Losses on Trading Securities in Non Qualified Deferred Compensation Trust$293.0K-$1.6M$7.8M$5.8M$2.1M-$2.8M
Goodwill Additions$0.0$62.4M$62.4M$62.4M$62.4M$2.2B
Foreign Currency Translation and Other Adjustments-$106.3M$41.0M$85.8M-$5.3M$0.0-$19.9M
Federal taxes—$19.2M$19.2M$19.2M$19.2M—
Foreign—$35.2M$35.2M$35.2M$35.2M—
State taxes—$7.5M$7.5M$7.5M$7.5M—
Share-based compensation-$1.5M-$7.3M-$7.3M-$7.3M-$7.3M—
Effective Income Tax Rate Reconciliation, Other Adjustments, Amount$2.6M-$382.0K-$382.0K-$382.0K-$382.0K—
Changes in unrecognized tax benefits—-$1.2M-$1.2M-$1.2M-$1.2M—
Effective Income Tax Rate Reconciliation, Tax Credit, Research, Amount—$5.1M$5.1M$5.1M$5.1M—
Tax settlements, foreign$0.0—————
Withholding taxes$5.0M—————
Increase (Decrease) in Accounts and Other Receivables$135.5M-$102.1M$113.3M$79.5M$184.2M$18.5M
Accounts payable and other current liabilities$11.8M-$69.6M$185.2M-$138.8M$208.1M-$232.6M
Deferred revenue$59.8M-$14.4M$36.2M$22.6M$25.0M$20.4M
Increase (Decrease) in Inventories—-$15.0M$7.5M$68.4M$30.2M$31.4M
Increase (decrease) in all other liabilities$860.0K-$2.1M$6.1M$10.6M$0.0-$8.4M
Increase (Decrease) in Other Operating Assets-$20.6M-$12.2M-$2.0K$6.4M$24.4M$1.9M
Increase (Decrease) in Prepaid Expense and Other Assets—-$10.3M$34.5M-$9.4M-$58.2M-$9.1M
Add - Incremental shares under stock-based compensation plans (in shares)—1.7M1.6M2.6M—1.7M
Interest Paid, Excluding Capitalized Interest, Operating Activity$7.9M$55.7M$237.0K$55.7M$240.0K$57.2M
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation—-$345.8M-$195.2M-$194.1M-$213.9M$174.5M
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation-$40.0M-$21.8M-$175.6M-$174.3M-$88.8M-$2.1B
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$441.4M$487.0M$377.6M$310.7M$553.5M$355.8M
Number of reportable segments—0.250.250.250.251.00
Other comprehensive income (loss)-$176.5M$67.3M$147.1M-$16.7M$0.0-$38.3M
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax$271.0K-$355.0K-$39.0K-$560.0K$6.8M$499.0K
Net unrealized gains (losses) on securities still held-$1.1M$571.0K$147.0K$129.0K$158.0K-$492.0K
Other income, net (Note 6)$9.7M$23.3M$67.8M-$3.6M$59.1M$28.4M
Payments for Repurchase of Common Stock$150.0M$350.0M$175.0M$200.0M$200.0M$200.0M
Payment, Tax Withholding, Share-Based Payment Arrangement$20.3M$72.6M$21.8M$53.8M$21.7M$123.1M
Payments to Acquire Businesses, Net of Cash Acquired$2.2M$0.0$122.1M$128.5M$178.8M$2.1B
Payments to Acquire Investments$2.9M$11.5M$10.1M$13.6M$5.7M$29.1M
Payments to Acquire Property, Plant, and Equipment$37.2M$23.1M$44.1M$33.7M$41.0M$48.8M
Proceeds from Issuance of Common Stock$10.3M$76.8M$1.5M$59.7M$7.8M$72.6M
Proceeds from revolver$0.0$0.0———$425.0M
Other investments, net of payments  $2.3M$1.2M$743.0K$1.5M$136.8M$40.4M
Proceeds from the sale of IP and other assets$0.0$11.5M$0.0$0.0$0.0$0.0
Cash received from option exercises$22.2M$6.8M$6.8M$6.8M$6.8M—
Revenue from contract with customer, timing of goods or service—1.001.001.00—1.00
ROU asset amortization and change in operating lease liabilities-$820.0K-$1.4M$4.1M-$927.0K$4.3M-$250.0K
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Forfeitures and Expirations in Period6.5K6.5K6.5K6.5K6.5K—
Forfeited or expired (in shares)$34.51$57.73$57.73$57.73$57.73—
Options granted (in shares)53K0000—
Intrinsic value of stock options exercised$66.6M$16.5M$16.5M$16.5M$16.5M—
Granted (in shares)$74.39$0.00$0.00$0.00$0.00—
Exercised (in shares)$18.05$23.45$23.45$23.45$23.45—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period307.8K72.3K72.3K72.3K72.3K—
Issuance of common stock and reissuance of treasury stock under equity incentive plans, net of forfeitures, value$10.3M$76.8M$1.5M$59.7M$7.8M$72.6M
Treasury stock reissued at lower than repurchase price$0.0$0.0$0.0$0.0$0.0—
Number of shares purchased (in shares)519K1.4M607K584K613K671K
Treasury stock, value, acquired$150.0M$350.0M$175.0M$200.0M$203.1M$200.0M
Unrecognized tax benefits, settlements$0.0$1.6M$1.6M$1.6M$1.6M—
Unrecognized Tax Benefits, Decrease Resulting from Foreign Currency Translation$132.0K$20.3K$20.3K$20.3K$20.3K—
Additions for tax positions of prior years$2.5M$58.0K$58.0K$58.0K$58.0K—
Increase (decrease) in amount of unrecognized tax benefits-$2.3M—————
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount$2.9M$3.6M$3.6M$3.6M$3.6M—
Cash Flow Hedge Reclassification, After Tax$0.0-$195.0K-$197.0K-$200.0K-$15.0K-$204.0K

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Revenue Recognized from Contract Liability$53.5M$390.1M$193.6M$102.5M$51.7M$399.0M
Total revenue$1.4B$1.2B$1.3B$1.3B$1.4B$1.5B

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Amortization expense$9.2M$8.9M$9.2M$10.2M$11.6M$20.2M
Defined Contribution Plan Cost$11.3M$12.8M$12.8M$12.8M$12.8M—
Depreciation and amortization$54.7M$52.9M$53.7M$56.7M$64.6M$84.6M
General and administrative$78.6M$63.1M$69.0M$78.0M$103.2M$88.2M
Stock-based compensation expense$106.5M$107.6M$118.3M$116.1M$113.2M$138.2M
Research and development—$439.1M$442.1M$423.0M—$508.4M
Restructuring charges$0.0-$109.0K$47.0K$27.4M$1.9M-$5.0K
Selling and marketing$200.4M$202.7M$200.6M$192.6M$206.8M$211.5M
Total operating expenses$899.1M$880.8M$1.0B$913.4M$976.8M$1.0B

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Amortization of acquired technology$17.6M$16.5M$14.5M$15.8M$18.7M$30.7M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$1.25$1.01$0.59$1.06$1.43$1.23
Diluted earnings per share$1.23$1.00$0.59$1.05$1.42$1.23
Weighted-average shares, basic—272M271.3M271.2M—272.1M
Weighted-average shares, diluted—273.6M272.9M273.8M—273.7M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$436.7M$355.7M$280.6M$392.8M$493.0M$428.1M
Income (Loss) from Continuing Operations Before Income Taxes, Domestic$150.0M$133.9M$133.9M$133.9M$133.9M—
Income (Loss) from Continuing Operations Before Income Taxes, Foreign$198.9M$246.6M$246.6M$246.6M$246.6M—

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income$340.2M$273.6M$160.1M$287.1M$388.1M$335.7M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Operating income$456.9M$361.5M$241.8M$425.4M$463.3M$431.3M