CDNS Q3 2024 Earnings — Cadence Design Systems, Inc. Revenue & Financial Results | Market Cap Arena

CDNSCadence Design Systems, Inc.

$81B

Q3 2024 Earnings

Technology Software - Application

Income Statement

Revenue

$1.2B+18.8% YoY

Gross Profit

$1.1B86.6% margin

Operating Income

$350M28.8% margin

Net Income

$238M19.6% margin

EPS (Diluted)

$0.87

QoQ Revenue Growth

+14.6%

Cash Flow

Operating Cash Flow

$410M

Free Cash Flow

$383M

Stock-Based Comp.

$109M

Balance Sheet

Total Assets

$9.2B

Total Liabilities

$4.6B

Stockholders' Equity

$4.6B

Cash & Equivalents

$2.8B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.2B	$1.0B	+18.8%
Gross Profit	$1.1B	$914M	+15.2%
Operating Income	$350M	$293M	+19.5%
Net Income	$238M	$254M	-6.4%

Revenue Segments

Product and maintenance

$1.1B91%

Technology Service

$115M9%

Geographic Segments

Americas

$605M50%

Asia

$368M30%

EMEA

$175M14%

JAPAN

$68M6%