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How Cadence Design Systems (CDNS) makes money: Q2 2026 revenue breakdown
US GAAP · $M · vs Q2 2025 · reported 07/27/2026
Cadence Design Systems, Inc. is an American multinational technology and computational software company headquartered in San Jose, California. · Wikipedia
More about the company
Initially specialized in electronic design automation (EDA) software for the semiconductor industry, the company currently makes software and hardware for designing products such as integrated circuits, systems on chips (SoCs), printed circuit boards, as well as develops large-scale molecular modelling applications and toolkits for pharmaceutical drug developers. The company also licenses intellectual property for the electronics, aerospace, defense and automotive industries.
Key growth driver: Core EDA — the fastest-growing revenue line: ≈$1,077, +18% y/y. · by the Q2 2026 report
How does Cadence Design Systems make money?
Cadence Design Systems brought in $1.58 billion of revenue in Q2 2026, up 24.2% year over year. The largest source was Core EDA: ≈$1.08 billion, or 68% of the total, followed by System Design & Analysis (≈$269M, 17%) and Semiconductor IP (≈$238M, 15%). Net income for the quarter was $367 million, up 129.4% year over year.
Revenue by source, Q2 2026
- Core EDA≈$1.08B · 68% · +18%
- System Design & Analysis≈$269M · 17% · +37%
- Semiconductor IP≈$238M · 15% · +40%
Shares of $1.58B total revenue; changes are year over year, as reported. ≈ marks lines derived from disclosed totals. The same flows are drawn in the Sankey chart below.
When is CDNS’s next earnings date?
Monday, October 26, 2026estimated
Cadence Design Systems (CDNS) has not confirmed the date yet; Oct 26, 2026 is an estimate based on the company's past reporting schedule and may move once the date is announced. Consensus EPS forecast: $1.60 (6 analysts), vs $1.51 in the same quarter last year.
What time does CDNS report? Usually after market close: the last 4 results releases reached the SEC at 4:03 pm, 4:03 pm, 4:02 pm, 4:03 pm ET.
Last report: Jul 27, 2026 (Q2 2026) — broken down in the Sankey chart below. Dates and consensus: Nasdaq / Zacks Investment Research; companies do reschedule. Who else reports this week →
All figures in $M.
Revenue
$1,584
+24.2%
Gross profit
$1,345
+24.6%
84.9% margin
Operating income
$450
+86.2%
28.4% margin
Net income
$367
+129.4%
$1.33 diluted EPS
Verdict: an exceptionally strong quarter with revenue up 24% and GAAP net income up 129% y/y, driven by broad-based double-digit growth across Core EDA, IP (+40%) and System Design & Analysis (+37%), with margin expansion aided by the absence of last year's $128.5M DOJ/BIS contingent liability charge.
6-mo OCF $991M; H1 buybacks $400M; record backlog $8.1B; RPO next-12mo $4.2B; FY26 revenue guide raised to ~19% YoY growth, non-GAAP EPS to $8.10, OCF to $2B.
Source and notation
* marks non-cash / ≈ estimated. Source: Cadence Design Systems press release / 10-Q (SEC EDGAR).
Open the chart as a PNG image ↗ · for sharing and presentations · free to reuse, CC BY 4.0
CDNS earnings history: past report dates
| Apr 27, 2026 Mon | 4:03 pmafter market close | Mar 31, 2026 | — | $1.23+23% y/y |
| Feb 17, 2026 Tue | 4:02 pmafter market close | Dec 31, 2025 | — | ≈$1.42+15% y/y |
| Oct 27, 2025 Mon | 4:03 pmafter market close | Sep 30, 2025 | — | $1.05+21% y/y |
| Jul 28, 2025 Mon | 4:03 pmafter market close | Jun 30, 2025 | — | $0.59−30% y/y |
| Apr 28, 2025 Mon | 4:03 pmafter market close | Mar 31, 2025 | — | $1.00+10% y/y |
| Feb 18, 2025 Tue | 4:04 pmafter market close | Dec 31, 2024 | — | ≈$1.23+3% y/y |
| Oct 28, 2024 Mon | 4:03 pmafter market close | Sep 30, 2024 | — | $0.87−6% y/y |
| Jul 22, 2024 Mon | 4:04 pmafter market close | Jun 30, 2024 | — | $0.84+4% y/y |
How we count
Report date and time — when the company filed its results press release with the SEC (Form 8-K, Item 2.02); the regular session runs 9:30 am – 4:00 pm ET. Revenue and diluted EPS — the company’s XBRL filings, EPS adjusted for stock splits; ≈ — fourth quarter derived as full year minus three quarters. Source: SEC EDGAR.
Cadence Design Systems: 5-year financials
| 2017 | 1,943 |
| 2016 | 1,816 |
| 2015 | 1,702 |
| 2014 | 1,581 |
| 2013 | 1,460 |
$ millions, annual 10-K reports on SEC EDGAR (US GAAP).
How we calculate
Figures are the annual report lines as filed, no adjustments. Free cash flow is operating cash flow minus capital expenditures; dividends are cash paid to common shareholders during the year. “—” means the line isn’t in the filing.
Corporate governance
2/2good
How the company treats minority shareholders: 2 — well, 0 — systematically poorly.
More
- Feb 202610-K FY2025: on Jul 27, 2025 Cadence settled with BIS and the DOJ over exports to China (2015–2021), pleaded guilty to one count and paid $140.6M; no shareholder suits. sec.gov ↗
- Feb 2026Diluted shares 279.6M (2020) → 273.3M (2025); SBC $455M on revenue of $5.30B (8.6%). data.sec.gov ↗
- Mar 20262026 proxy: one share — one vote, no dual-class structure. sec.gov ↗
- Nov 20118-K: settlement of the shareholder class action over the 2008 restatement, Cadence's share $15.8M. sec.gov ↗
Scoring: 2.0, no deductions: single share class, diluted shares −2% over 5 years, SBC 8.6% of revenue (<10%), no dividends paid or promised, the 2025 BIS/DOJ export penalty is not criterion 10; the 2008 suit settled for $15.8M (<$50M)
- Share classes
- Single class, "no dual-class structure" (2026 proxy).
- Dilution
- Diluted shares 279.6M (2020) → 273.3M (2025), −2%; SBC $455M = 8.6% of revenue.
- Disclosure
- Full reporting.
- Dividends
- Pays and promises no dividends; capital returned via buybacks.
- Lawsuits & regulators
- Jul 2025 — guilty plea in an export control case, $140.6M to BIS/DOJ: not investor fraud → no deduction; the shareholder suit after the 2008 restatement settled for $15.8M (2011) — below the threshold.
- Related parties
- No material related-party transactions.
How the score works · checked as of Sep 2026
Cadence Design Systems (CDNS) earnings: FAQ
How does Cadence Design Systems make money?
Cadence Design Systems brought in $1.58 billion of revenue in Q2 2026, up 24.2% year over year. The largest source was Core EDA: ≈$1.08 billion, or 68% of the total, followed by System Design & Analysis (≈$269M, 17%) and Semiconductor IP (≈$238M, 15%). Net income for the quarter was $367 million, up 129.4% year over year.
When is CDNS's next earnings date?
Cadence Design Systems (CDNS) has not confirmed the date yet; Oct 26, 2026 is an estimate based on its past reporting schedule.
What time does CDNS report earnings?
Cadence Design Systems usually reports after market close: its latest results release was filed with the SEC at 4:03 pm ET on Jul 27, 2026.
When did CDNS last report earnings?
Cadence Design Systems reported Q2 2026 results on Jul 27, 2026.
What is the EPS estimate for CDNS's next earnings?
The consensus EPS forecast is $1.60 (6 analysts), vs $1.51 in the same quarter last year.
Where can I find Cadence Design Systems's financial statements?
On SEC EDGAR: quarterly reports (10-Q), the annual report (10-K) and earnings releases (8-K). The “Verified” badge next to the chart links to CDNS's filings; this page breaks the latest report down in a Sankey chart.
What was CDNS's net income in Q2 2026?
Cadence Design Systems reported net income of $367M for Q2 2026 (+129.4% year over year), under US GAAP.
New to earnings reports? Start with how to read an earnings report.
How this page was made: the figures come from the company's own report on SEC EDGAR; the summary and nuances were drafted by our model from that report. Figures checked against the filing on 08/25/2026. How we make the breakdowns · Report an error
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