Cadence Design Systems Q1 Revenue Surges to $1.179B
Ticker: CDNS · Form: 10-Q · Filed: Apr 30, 2025 · CIK: 813672
| Field | Detail |
|---|---|
| Company | Cadence Design Systems Inc (CDNS) |
| Form Type | 10-Q |
| Filed Date | Apr 30, 2025 |
| Risk Level | low |
| Sentiment | bullish |
Sentiment: bullish
Topics: earnings, revenue-growth, software
TL;DR
CDNS Q1 revenue up to $1.179B, up from $1.042B last year. Strong growth!
AI Summary
Cadence Design Systems Inc. reported its first quarter 2025 results for the period ending March 31, 2025. The company's revenue for the first quarter of 2025 was $1.179 billion, a significant increase from $1.042 billion in the same period of 2024. Net income also saw an increase, with retained earnings growing from $4.21 billion at the end of 2024 to $4.24 billion by March 31, 2025.
Why It Matters
This filing shows strong revenue growth for Cadence Design Systems, indicating robust demand for its prepackaged software solutions in the technology services sector.
Risk Assessment
Risk Level: low — The filing is a standard quarterly report with no immediate red flags or significant negative developments.
Key Numbers
- $1.179B — Q1 2025 Revenue (Represents a significant increase from the prior year's Q1 revenue.)
- $1.042B — Q1 2024 Revenue (Provides a baseline for year-over-year revenue comparison.)
- $4.24B — Retained Earnings (Mar 31, 2025) (Indicates accumulated profits available to the company.)
Key Players & Entities
- CADENCE DESIGN SYSTEMS INC (company) — Filer
- 20250331 (date) — Reporting period end date
- $1.179 billion (dollar_amount) — Q1 2025 Revenue
- $1.042 billion (dollar_amount) — Q1 2024 Revenue
- $4.24 billion (dollar_amount) — Retained Earnings as of March 31, 2025
- $4.21 billion (dollar_amount) — Retained Earnings as of December 31, 2024
FAQ
What was Cadence Design Systems' total revenue for the first quarter of 2025?
Cadence Design Systems reported total revenue of $1.179 billion for the first quarter of 2025.
How does the Q1 2025 revenue compare to Q1 2024 revenue?
Q1 2025 revenue of $1.179 billion is an increase from Q1 2024 revenue of $1.042 billion.
What was the company's retained earnings balance at the end of the first quarter of 2025?
The company's retained earnings balance was $4.24 billion as of March 31, 2025.
What is the Standard Industrial Classification (SIC) code for Cadence Design Systems?
The SIC code for Cadence Design Systems is 7372, which corresponds to SERVICES-PREPACKAGED SOFTWARE.
What is the fiscal year end for Cadence Design Systems?
Cadence Design Systems' fiscal year ends on December 31.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on April 30, 2025 regarding CADENCE DESIGN SYSTEMS INC (CDNS).