Cadence Design Systems

CDNS · Information Technology · Market cap $91.4B

Q1 FY26 Jan 1 – Mar 31, 2026 reported May 1, 2026

Revenue$1.5B +19% year over year

Gross profit$0.6B

Operating profit$0.4B

Net profit$0.3B 23% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	1.5	100%	+19%
Product and maintenance	1.3	87%	+21%
Technology Service	0.1	7%	−5%
Cost of revenue	−0.9	60%
Gross profit	0.6	41% margin	+3pp
Research & development	−-0.1	34%	−1pp
Sales & marketing	−0.2	14%	−2pp
G&A	−0.1	6%	+1pp
Operating profit	0.4	29% margin	+0pp
Tax	−0.1
Net profit	0.3	23%	+1pp

All figures in billions of U.S. dollars, for Q1 FY25 (period ends Mar 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	1.2	100%	+23%
Product and maintenance	1.1	92%	+22%
Technology Service	0.1	8%	+37%
Cost of revenue	−0.8	67%
Gross profit	0.5	38% margin	+3pp
Research & development	−-0.2	35%	−2pp
Sales & marketing	−0.2	16%	−2pp
G&A	−0.1	5%	−2pp
Operating profit	0.4	29% margin	+4pp
Tax	−0.1
Net profit	0.3	22%	−3pp

All figures in billions of U.S. dollars, for Q3 FY24 (period ends Sep 30, 2024).
Item	Value	Share of revenue	Year over year
Revenue	1.2	100%	+19%
Product and maintenance	1.1	92%	+14%
Technology Service	0.1	8%	+101%
Cost of revenue	−0.1	8%
Gross profit	1.1	91% margin	−1pp
Research & development	−0.4	34%	−3pp
Sales & marketing	−0.2	16%	−2pp
G&A	−0.1	6%	+0pp
Other	−0.1	7%	+0pp
Operating profit	0.4	29% margin	+0pp
Tax	−0.2
Net profit	0.2	20%	−5pp

All figures in billions of U.S. dollars, for Q2 FY24 (period ends Jun 30, 2024).
Item	Value	Share of revenue	Year over year
Revenue	1.1	100%	+9%
Product and maintenance	1	91%	+4%
Technology Service	0.1	9%	+86%
Cost of revenue	−0.1	9%
Gross profit	1	91% margin	−1pp
Research & development	−0.3	35%	−1pp
Sales & marketing	−0.2	18%	+0pp
G&A	−0.1	6%	+0pp
Other	−0.1	5%	+0pp
Operating profit	0.3	28% margin	−3pp
Tax	−0.1
Net profit	0.2	22%	−1pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q1 FY26	Jan 1 – Mar 31, 2026	May 1, 2026	$1.5B	+19%	27%	$0.3B	23%
Q1 FY25	Jan 1 – Mar 31, 2025	Apr 30, 2025	$1.2B	+23%	33%	$0.3B	22%
Q3 FY24	Jul 1 – Sep 30, 2024	Oct 30, 2024	$1.2B	+19%	33%	$0.2B	20%
Q2 FY24	Apr 1 – Jun 30, 2024	Jul 24, 2024	$1.1B	+9%	27%	$0.2B	22%