CDNS Q2 2023 Earnings — Cadence Design Systems, Inc. Revenue & Financial Results | Market Cap Arena

CDNSCadence Design Systems, Inc.

$81B

Q2 2023 Earnings

Technology Software - Application

Income Statement

Revenue

$977M+13.9% YoY

Gross Profit

$880M90.1% margin

Operating Income

$299M30.7% margin

Net Income

$221M22.6% margin

EPS (Diluted)

$0.81

QoQ Revenue Growth

-4.4%

Cash Flow

Operating Cash Flow

$414M

Free Cash Flow

$394M

Stock-Based Comp.

$77M

Balance Sheet

Total Assets

$5.2B

Total Liabilities

$2.2B

Stockholders' Equity

$2.9B

Cash & Equivalents

$874M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$977M	$858M	+13.9%
Gross Profit	$880M	$765M	+15.0%
Operating Income	$299M	$283M	+5.8%
Net Income	$221M	$187M	+18.3%

Revenue Segments

Product and maintenance

$923M94%

Technology Service

$54M6%

Geographic Segments

Americas

$402M41%

Asia

$351M36%

EMEA

$167M17%

JAPAN

$57M6%