Cadence Design Systems Inc (CDNS) operating KPIs

CDNSNasdaqServices-Prepackaged SoftwareFiscal year ends December 31

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 29, 2026Score 15/3040% above fair value

$327.89−14.86 (-4.34%)

Close on Oct 30, 2026Market cap $90.30BP/E 65.2Yield –

KPIs

Operating metrics that drive Cadence Design Systems's business · fiscal year ends December 31

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Metric	Q3 2026 2026-09-30	Q2 2026 2026-06-30	Q1 2026 2026-03-31	Q4 2025 2025-12-31	Q3 2025 2025-09-30	Q2 2025 2025-06-30	Q1 2025 2025-03-31	Q4 2024 2024-12-31	Q3 2024 2024-09-30	Q2 2024 2024-06-30	Q1 2024 2024-03-31	Q4 2023 2023-12-31

Core EDA Revenue Share (Custom IC, Digital IC & Verification/Hardware)(%)3	69.0%	68.0%	71.0%	69.0%	71.0%	71.0%	71.0%	68.0%	70.0%	73.0%	76.0%	75.0%
Legacy — Custom IC Design and Simulation Revenue Share (Pre-Q4 2024 Reclassification)(%)									19.0%	21.0%	22.0%	22.0%
Legacy — Digital IC Design and Signoff Revenue Share (Pre-Q4 2024 Reclassification)(%)									24.0%	27.0%	29.0%	29.0%
Legacy — Functional Verification, incl. Emulation & Prototyping Hardware Share (Pre-Q4 2024 Reclassification)(%)									27.0%	25.0%	25.0%	24.0%
Semiconductor IP Revenue Share(%)	15.0%	15.0%	14.0%	15.0%	14.0%	13.0%	14.0%	13.0%	14.0%	13.0%	12.0%	13.0%
System Design and Analysis (SD&A) Revenue Share(%)	16.0%	17.0%	15.0%	16.0%	15.0%	16.0%	15.0%	19.0%	16.0%	14.0%	12.0%	12.0%
Recurring Revenue Share (Transferred Over Time)(%)3	79.0%	78.0%	77.0%	79.0%	82.0%	78.0%	82.0%	76.0%	83.0%	88.0%	90.0%	87.0%
Revenue Arrangements Recognized Over Time(%)	74.0%	72.0%	73.0%	77.0%	78.0%	73.0%	77.0%	72.0%	79.0%	85.0%	87.0%	85.0%
Arrangements with Non-Cancelable Commitments & Other Recurring(%)	5.0%	6.0%	4.0%	2.0%	4.0%	5.0%	5.0%	4.0%	4.0%	3.0%	3.0%
Trailing Twelve Months (TTM) Recurring Revenue Share(%)	78.0%	79.0%	79.0%	80.0%	80.0%	80.0%	82.0%	83.0%	87.0%	88.0%	87.0%	84.0%
Up-Front Revenue Share (Transferred at a Point in Time — Hardware & Upfront IP)(%)1	21.0%	22.0%	23.0%	21.0%	18.0%	22.0%	18.0%	24.0%	17.0%	12.0%	10.0%	13.0%
Trailing Twelve Months (TTM) Up-Front Revenue Share(%)	22.0%	21.0%	21.0%	20.0%	20.0%	20.0%	18.0%	17.0%	13.0%	12.0%	13.0%	16.0%

Total Contract Backlog / Remaining Performance Obligations (RPO)($M)4	8,200	8,100	8,000	7,800	7,000	6,400	6,400	6,800	5,600	6,000	6,000	6,000
Current Remaining Performance Obligations (cRPO — Next 12 Months)($M)	4,200	4,200	4,000	3,800	3,500	3,100	3,200	3,400	2,900	3,100	3,100	3,200
Share of RPO Expected to be Recognized Within Next 12 Months (cRPO %)(%)	58.0%	58.0%	55.0%	53.0%	52.0%	53.0%	55.0%	54.0%	57.0%	56.0%	56.0%	56.0%
Share of RPO Expected to be Recognized in Months 13 to 36(%)	40.0%	40.0%	43.0%	43.0%	44.0%	43.0%	42.0%	42.0%	40.0%	39.0%	38.0%	39.0%
Non-Cancelable Flexible IP/Software Commitments Included in RPO($M)	900	900	700	600	400	500	500	500	500	400	400	400
Total Deferred Revenue (Contract Liabilities)($M)3	1,151	1,170	1,020	934	905	884	841	853	800	767	747	764
Deferred Revenue, Current($M)	1,012	1,025	874	778	775	730	731	737	698	679	660	665
Deferred Revenue, Non-Current($M)	138	145	147	156	130	154	111	115	102	88.8	87	98.9
Revenue Recognized from Beginning Deferred Revenue Balance($M)	104	202	399	51.7	103	194	390	53.5	106	186	324	57.3
Contract Assets, Net($M)1	42.5	39.8	39.6	67.8	91.1	83.6	70.8	29.3	51.3	25.4	49.9	17.6
Revenue Recognized from Performance Obligations Satisfied in Prior Periods (IP Royalties)($M)	34.9	26.7	24.6	34.6	22.7	15.1	14.9	17.8	20.1	15.1	15	14.7

Emulation & Prototyping Hardware Inventories, Net($M)3	449	390	318	304	286	226	226	258	293	172	186	182
Hardware Inventories — Raw Materials($M)	323	312	255	246	252	209	211	243	271	146	164	163
Hardware Inventories — Work in Process($M)	1	3.20	12.3	14.7	6.60	0	0	1.20	0.70	2	0.60	0
Hardware Inventories — Finished Goods($M)	125	74.9	50.4	43.4	28.1	17	14.9	13.3	21.7	23	21.6	18.9
Net Investment in Hardware Sales-Type Leases (Total)($M)1	145	156	145	104
Net Investment in Hardware Sales-Type Leases (Long-Term Portion)($M)	33	35	51.3	34
Days Sales Outstanding (DSO)(days)	66	65	67	64	55	51	44	48	44	49	36	43
Total Gross Receivables (Billed, Unbilled & Long-Term Installment)($M)5	1,176	1,129	1,108	1,001	805	726	610	710	583	581	407	505
Billed Accounts Receivable, Current($M)	561	504	516	493	384	359	315	393	322	387	220	300
Unbilled Accounts Receivable, Current($M)	554	565	521	456	376	316	270	293	244	183	174	194
Long-Term Installment Receivables($M)	60.9	60.2	70.2	52.5	45.7	51.5	24.2	24.2	16.3	11.7	12.9	10.8
Allowance for Credit Losses($M)	4.30	4	3.60	3.90	4.20	4.50	4.40	5.80	5.30	4.70	4.20	4.60
Total Receivables, Net (Current & Long-Term)($M)	1,172	1,125	1,104	997	801	722	605	705	577	577	403	500

CODM Segment Expense — Salary, Benefits & Other Employee-Related Costs($M)	613	617	580	556	512	522	543	496	501	463	476
CODM Segment Expense — Stock-Based Compensation($M)	145	147	138	113	116	118	108	107	109	87.6	88.1
CODM Segment Expense — Hardware Manufacturing Costs($M)	105	105	111	103	90.5	102	81.7	135	74.8	61	56.7
CODM Segment Expense — Facilities & Other Infrastructure Costs($M)	65.7	58	55	51.6	50	47.3	43.8	44.5	45.4	42.5	41.7
CODM Segment Expense — Depreciation & Amortization($M)	119	117	84.6	64.6	56.7	53.7	52.9	54.7	55	50.6	39.6
CODM Segment Expense — Professional Services($M)	69.7	64	53.8	51.6	47.6	37.7	32.5	38.7	37.1	38.8	38.9
CODM Segment Expense — Restructuring Charges($M)	42.2	-0.40	-0	1.90	27.4	0	-0.10	-1	24.5	-0	0.30
CODM Segment Expense — Other Segment Items($M)	44.9	-58.1	10.3	0.60	41.9	-16.8	22.7	33.4	27.4	-2.90	-41.2
Non-GAAP Operating Margin(%)3	44.1%	45.5%	44.7%	45.8%	47.6%	42.8%	41.7%	46.0%	44.8%	40.1%	37.8%	42.9%
GAAP Operating Margin(%)	26.2%	28.4%	29.3%	32.2%	31.8%	19.0%	29.1%	33.7%	28.8%	27.7%	24.8%	31.5%
Non-GAAP Gross Margin(%)	88.8%	88.2%	88.0%	88.5%	88.0%	87.2%	88.4%	85.5%	88.6%	88.5%	89.1%	91.7%
GAAP Gross Margin(%)	85.6%	84.9%	85.4%	86.9%	86.4%	85.6%	86.5%	83.8%	86.6%	86.9%	87.6%	90.3%
Non-GAAP Total Costs and Expenses($M)4	913	863	815	781	701	729	724	733	671	635	627	610
GAAP Total Costs and Expenses($M)	1,205	1,134	1,043	977	913	1,034	881	899	865	767	759	732
GAAP-to-Non-GAAP Adjustment — Stock-Based Compensation($M)	145	147	138	113	116	118	108	107	109	88	88	87
GAAP-to-Non-GAAP Adjustment — Amortization of Acquired Intangibles($M)	80	80	51	30	26	24	25	27	27	20	17	17
GAAP-to-Non-GAAP Adjustment — Acquisition & Integration-Related Costs($M)	25	33	41	49	37	26	23	23	29	21	22	13
Non-GAAP Diluted Net Income Per Share($)1	2.11	2.11	1.96	1.99	1.93	1.65	1.57	1.88	1.64	1.28	1.17	1.38
GAAP Diluted Net Income Per Share($)	1.05	1.33	1.23	1.42	1.05	0.59	1	1.24	0.87	0.84	0.91	1.19

Gross Property, Plant & Equipment (Total Cost)1
Property, Plant & Equipment, Net($M)	603	560	537	517	495	482	466	458	449	449	433	403
Acquired Intangible Assets, Net (Excluding Goodwill)($M)6	1,792	1,875	1,933	718	673	619	584	595	662	664	335	337
Acquired Existing Technology, Net($M)	948	996	1,028	334	302	272		266
Customer Agreements and Relationships, Net($M)	803	835	861	356	343	325		308
Tradenames, Trademarks and Patents, Net($M)	41.7	43.9	45.2	29	28.3	21.2		20.6
Acquired Intangible Assets, Gross($M)3	2,282	2,285	2,266	1,102	1,026	946	883	880	923	897	547	537
Acquired Existing Technology, Gross($M)	1,231	1,233	1,220	590	539	494	460	466	484	472	330	326
Customer Agreements and Relationships, Gross($M)	993	995	990	470	447	421	394	386	410	396	203	198
Tradenames, Trademarks and Patents, Gross($M)	56.8	57	56.2	41	39.1	30.8	28.9	28.1	30	28.9	13.9	13.5
Acquired Intangible Assets, Accumulated Amortization($M)	490	411	333	383	353	327	299	285	261	233	213	207
Total Intangible Assets Amortization Expense($M)	33.8	34.3	20.2	11.6	10.2	9.20	8.90	9.20	9.10	6.70	5.40	5
Operating Lease Right-of-Use (ROU) Assets1
Operating Lease Liabilities, Non-Current($M)	179	169	177	136				109				115
Share Repurchases — Dollar Value($M)1	400	200	200	200	200	175	350	150	150	125	125	125
Share Repurchases — Shares Repurchased (Millions)(M)	1.31	0.58	0.67	0.61	0.58	0.61	1.36	0.52	0.56	0.42	0.43	0.49
Share of Total Cash & Cash Equivalents Held in the United States(%)	15.0%	16.0%	21.0%	71.0%	61.0%	63.0%	67.0%	66.0%	74.0%	26.0%	27.0%	45.0%

Total Global Employees (End-of-Period Headcount)	15,753	15,445	15,110	13,800	13,693	13,152	12,837	12,705	12,703	12,665	11,753	11,226

Total U.S. Federal Prime Contract Obligations to Cadence($M)	-0.03	0.87	0.51	0.45	1.60	0.68	0.28	0.03	1.74	0.81	1.01	1.02

Total Consolidated Revenue($M)2	1,633	1,584	1,474	1,440	1,339	1,275	1,242	1,356	1,215	1,061	1,009	1,069
Product and Maintenance Revenue($M)1	1,487	1,431	1,349	1,332	1,208	1,170	1,111	1,239	1,100	961	913	982
Cost of Product and Maintenance($M)	174	175	153	144	119	139	117	157	110	94.4	75.4	71.5
Services Revenue($M)1	146	154	125	108	131	105	131	117	115	100	96	87
Cost of Services($M)	61.8	64.1	61.2	44.8	63.5	44.9	50.5	62.7	53.5	44.9	49.8	32.6
Geographic Revenue — Americas ($M)($M)3	710	678	656	675	575	630	599	666	605	519	463	470
Geographic Revenue Share — Americas (%)(%)	43.0%	43.0%	45.0%	47.0%	43.0%	49.0%	48.0%	49.0%	50.0%	49.0%	46.0%	44.0%
Geographic Revenue — United States ($M)($M)	674	656	601	619	532	591	569	637	581	507	436	453
Geographic Revenue — Other Americas ($M)($M)	35.6	22.3	55.3	56.7	43	39.1	29.6	29.2	24.9	11.7	27.3	17.4
Geographic Revenue — Asia ($M)($M)3	675	663	577	459	488	445	448	410	368	326	326	364
Geographic Revenue — China ($M)($M)1	255	236	189	175	245	121	139	171	157	128	117	156
Geographic Revenue Share — China (%)(%)	16.0%	15.0%	13.0%	12.0%	18.0%	9.0%	11.0%	13.0%	13.0%	12.0%	12.0%	15.0%
Geographic Revenue — Other Asia ($M)($M)1	312	322	295	284	243	238	241	238	211	198	209	208
Geographic Revenue Share — Other Asia (%)(%)	19.0%	20.0%	20.0%	20.0%	18.0%	19.0%	19.0%	17.0%	17.0%	19.0%	20.0%	19.0%
Geographic Revenue — Japan ($M)($M)1	107	105	92.6	101	86.4	86	68.2	77.5	67.7	63.6	51.4	58.8
Geographic Revenue Share — Japan (%)(%)	7.0%	7.0%	6.0%	7.0%	7.0%	7.0%	6.0%	6.0%	6.0%	6.0%	5.0%	6.0%
Geographic Revenue — Europe, Middle East and Africa (EMEA, $M)($M)1	249	243	241	205	190	200	196	203	175	153	169	176
Geographic Revenue Share — EMEA (%)(%)	15.0%	15.0%	16.0%	14.0%	14.0%	16.0%	16.0%	15.0%	14.0%	14.0%	17.0%	16.0%
Long-Lived Assets — Americas ($M)($M)2	539	490	478	450	452	442	433	420	412	415	414	394
Long-Lived Assets — United States ($M)($M)	527	480	468	440	441	431	423	412	404	407	405	384
Long-Lived Assets — Other Americas ($M)($M)	11.6	10.8	10.7	10.1	10.6	10.8	10.2	7.40	8.20	8.40	9.50	10.2
Long-Lived Assets — Asia ($M)($M)4	176	177	169	138	128	130	112	107	110	111	112	101
Long-Lived Assets — India ($M)($M)	131	133	125	92.5
Long-Lived Assets — China ($M)($M)	20.6	22.4	21.1	23	24.7	26.3	20	22.9	25.1	26.2	27.9	29.6
Long-Lived Assets — Japan ($M)($M)	9.60	5.50	4.80	4.10	3.40	3.90	3.90	4.20	1.70	1.60	2	2.60
Long-Lived Assets — Other Asia ($M)($M)	14.6	16.1	17.4	18.4	103	104	91.7	84	84.6	84.9	84.5	71.4
Long-Lived Assets — EMEA ($M)($M)	110	103	111	105	86.7	77.6	72.8	73.6	63.2	67.1	55.6	56.4
GAAP Operating Income($M)4	429	450	431	463	425	242	362	457	350	294	250	337
Research and Development (R&D) Expense($M)	538	531	508		423	442	439		407	371	379
Marketing and Sales Expense($M)	243	241	212	207	193	201	203	200	190	187	181	180
General and Administrative Expense($M)	113	88.5	88.2	103	78	69	63.1	70.2	71.6	63.4	68.7	75.7
Restructuring Charges($M)	42.2	-0.40	-0	1.90	27.4	0	-0.10	-1	24.5	-0	0.30	-0.60
GAAP Net Income($M)	290	367	336	388	287	160	274	340	238	230	248	324
Operating Cash Flow($M)2	424	635	356	553	311	378	487	441	410	156	253	272
Capital Expenditures (PP&E Additions)($M)	62	53	49	41	34	44	23	37	27	29	49	34
Free Cash Flow (Company-Reported Non-GAAP FCF)($M)	362	582	307	512	277	334	464	404	383	127	204	238
Cash, Cash Equivalents & Short-Term Investments($M)1	1,452	1,440	1,407	3,001	2,753	2,823	2,778	2,644	2,786	1,059	1,012	1,008
Total Debt Principal Outstanding($M)	2,650	2,500	2,925	2,500	2,500	2,500	2,500	2,500	2,850	1,350	650	650

Italic numbers are calculated by StockData from reported figures (hover for the formula). Numbers with a dotted underline are read from the text of earnings releases and presentations; hover to see the exact sentence. Tick a row to add it to the chart above (up to 8 lines).

Methodology and excluded metrics

Fiscal Calendar: Cadence Design Systems, Inc. (CDNS) operates on a calendar fiscal year ending December 31 (prior to FY2024, a 52- or 53-week fiscal year ending on the Saturday closest to December 31). The latest SEC periodic filing is Form 10-Q for Q3 2026 (ended September 30, 2026, filed October 28, 2026), which extends the PostgreSQL DB baseline (FY2026Q2) by one quarter.
Core Operational Key: Because Cadence reports a single operating segment under ASC 280, operational performance is tracked through Product Category Mix (Core EDA, Semiconductor IP, and System Design & Analysis, plus legacy Custom IC, Digital IC, and Functional Verification/Hardware through Q3 2024), Revenue Recognition Timing (Recurring / Over Time vs. Up-Front / Point in Time), and Contract Backlog / Remaining Performance Obligations (RPO & cRPO).
Allowed Period Splits (RULES.md Bước 4): Q4 flow figures not separately tabulated in 10-K footnotes (such as CODM significant segment expenses by nature under ASU 2023-07 and revenue recognized from beginning deferred revenue / prior performance obligations) are derived via Q4 = Full Year (10-K) − Nine Months (Q3 10-Q); Q2–Q4 cash flow figures are derived from YTD statements. Zero unauthorized ratios, margins, or totals are calculated.
Consolidated − Standalone Assessment (RULES.md Bước 3): Cadence files consolidated U.S. GAAP financial statements only and does not publish parent-company-only (standalone) financial statements; therefore Consolidated − Standalone subtraction is not applicable. Instead, statutory audited financial statements self-reported by Cadence Design Systems Limited (UK Companies House Reg. 02457888, FY2017–FY2024) are presented in Group 7.

Not shown because recent periods are missing (5)

Point-in-time / Bound Callouts in Earnings Releases, Transcripts & Annual Letters ('over 2,600 patents', 'more than 1,000 chip tapeouts', 'over 300 Cerebrus customers', 'nearly 85% recurring') — excluded per RULES.md Bước 5 (bound numbers with 'over'/'more than'/'nearly' or single-period callouts)
Beneficial Stockholders Estimate (~56,000 in FY2018 to ~490,000 in FY2022) — discontinued by Cadence in Form 10-K Item 5 starting FY2023 (company noted inability to estimate beneficial owners held through brokers)
Capitalized Contract Cost Amortization ($M) — quarterly XBRL tagging discontinued after FY2018Q4
Customer Concentration (>10% of Revenue or Receivables) — 0 customers exceeded 10% threshold across FY2018–FY2026Q3
DB cash-and-short-term-investments: FY2007 (cash-and-equivalents), FY2007Q4 (cash-and-equivalents), FY2008 (cash-and-equivalents), FY2008Q4 (cash-and-equivalents)

Data updated 2026-10-29.

Every KPI on its own page

Full history, chart, sources and a citation for each metric

1. Product Category Mix & Recurring vs. Upfront Revenue Model (Core Operational Key)

2. Contract Backlog (RPO), cRPO Maturity & Deferred Revenue Balances

3. Palladium/Protium Hardware Inventories, Sales-Type Leases & Receivables (DSO)

4. Significant Segment Expenses by Nature (ASU 2023-07) & Non-GAAP Operating Metrics

5. R&D Compute Infrastructure (PP&E), Acquired IP/Intangibles, Facilities & Capital Allocation

6. Global Workforce, Form SD Conflict Minerals & ESG / Data Center Sustainability

7. International Subsidiary Self-Reported Financials — Cadence Design Systems Limited (UK Companies House 02457888)

8. U.S. Federal Defense & Aerospace Prime Contract Obligations (USAspending.gov)

Total U.S. Federal Prime Contract Obligations to Cadence ($M)105 periods