FINHUB Insights

CDNS · Q2 FY24 · Apr 1 – Jun 30, 2024

Cadence Design Systems Q2 FY24: where the revenue came from and where it went

Cadence Design Systems Q2 FY24: revenue $1.1B (+9% year over year). Net profit $0.2B. Largest cohort Product and maintenance $1B. The whole income statement as a sankey diagram from the SEC filing.

Period
Apr 1 – Jun 30, 2024
Reported
Jul 24, 2024 10-Q
Sankey diagram of Cadence Design Systems's income statement for Q2 FY24: revenue of $1.1 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$1.1B +9% year over year
Gross profit$1B 91% margin
Operating profit$0.3B 28% margin
Net profit$0.2B 22% margin

The numbers

All figures in billions of U.S. dollars, for Q2 FY24 (period ends Jun 30, 2024).
ItemValueShare of revenueYear over year
Revenue 1.1 100% +9%
Product and maintenance 1 91% +4%
Technology Service 0.1 9% +86%
Cost of revenue−0.19%
Gross profit191% margin−1pp
Research & development−0.335%−1pp
Sales & marketing−0.218%+0pp
G&A−0.16%+0pp
Other−0.15%+0pp
Operating profit0.328% margin−3pp
Tax−0.1
Net profit0.222%−1pp
Filing on EDGAR More quarters of CDNS

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

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