FINHUB Insights

CDNS · Q3 FY24 · Jul 1 – Sep 30, 2024

Cadence Design Systems Q3 FY24: where the revenue came from and where it went

Cadence Design Systems Q3 FY24: revenue $1.2B (+19% year over year). Net profit $0.2B. Largest cohort Product and maintenance $1.1B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jul 1 – Sep 30, 2024
Reported
Oct 30, 2024 10-Q
Sankey diagram of Cadence Design Systems's income statement for Q3 FY24: revenue of $1.2 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$1.2B +19% year over year
Gross profit$1.1B 91% margin
Operating profit$0.4B 29% margin
Net profit$0.2B 20% margin

The numbers

All figures in billions of U.S. dollars, for Q3 FY24 (period ends Sep 30, 2024).
ItemValueShare of revenueYear over year
Revenue 1.2 100% +19%
Product and maintenance 1.1 92% +14%
Technology Service 0.1 8% +101%
Cost of revenue−0.18%
Gross profit1.191% margin−1pp
Research & development−0.434%−3pp
Sales & marketing−0.216%−2pp
G&A−0.16%+0pp
Other−0.17%+0pp
Operating profit0.429% margin+0pp
Tax−0.2
Net profit0.220%−5pp
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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