CDNS Q2 2024 Earnings — Cadence Design Systems, Inc. Revenue & Financial Results | Market Cap Arena

CDNSCadence Design Systems, Inc.

$81B

Q2 2024 Earnings

Technology Software - Application

Income Statement

Revenue

$1.1B+8.6% YoY

Gross Profit

$921M86.9% margin

Operating Income

$294M27.7% margin

Net Income

$230M21.6% margin

EPS (Diluted)

$0.84

QoQ Revenue Growth

+5.1%

Cash Flow

Operating Cash Flow

$156M

Free Cash Flow

$127M

Stock-Based Comp.

$88M

Balance Sheet

Total Assets

$7.2B

Total Liabilities

$3.0B

Stockholders' Equity

$4.3B

Cash & Equivalents

$1.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.1B	$977M	+8.6%
Gross Profit	$921M	$880M	+4.7%
Operating Income	$294M	$299M	-1.8%
Net Income	$230M	$221M	+3.8%

Revenue Segments

Product and maintenance

$960M91%

Technology Service

$100M9%

Geographic Segments

Americas

$519M49%

Asia

$326M31%

EMEA

$153M14%

JAPAN

$64M6%