Cadence Design Systems Q1 Revenue Surges to $1.179B
Ticker: CDNS · Form: 10-Q · Filed: 2025-04-30T00:00:00.000Z
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.
From the Filing
0000813672-25-000051.txt : 20250430 0000813672-25-000051.hdr.sgml : 20250430 20250429174453 ACCESSION NUMBER: 0000813672-25-000051 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 99 CONFORMED PERIOD OF REPORT: 20250331 FILED AS OF DATE: 20250430 DATE AS OF CHANGE: 20250429 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CADENCE DESIGN SYSTEMS INC CENTRAL INDEX KEY: 0000813672 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology EIN: 770148231 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-15867 FILM NUMBER: 25889734 BUSINESS ADDRESS: STREET 1: 2655 SEELY AVENUE BLDG 5 CITY: SAN JOSE STATE: CA ZIP: 95134 BUSINESS PHONE: 4089431234 MAIL ADDRESS: STREET 1: 2655 SEELY AVENUE CITY: SAN JOSE STATE: CA ZIP: 95134 FORMER COMPANY: FORMER CONFORMED NAME: ECAD INC /DE/ DATE OF NAME CHANGE: 19880609 10-Q 1 cdns-20250331.htm 10-Q cdns-20250331 0000813672 false 2025 Q1 December 31 179 424 421 420 xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure cdns:Customer 0000813672 2025-01-01 2025-03-31 0000813672 2025-03-31 0000813672 2024-12-31 0000813672 cdns:ProductandmaintenanceMember 2025-01-01 2025-03-31 0000813672 cdns:ProductandmaintenanceMember 2024-01-01 2024-03-31 0000813672 us-gaap:TechnologyServiceMember 2025-01-01 2025-03-31 0000813672 us-gaap:TechnologyServiceMember 2024-01-01 2024-03-31 0000813672 2024-01-01 2024-03-31 0000813672 us-gaap:CommonStockMember 2024-12-31 0000813672 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2024-12-31 0000813672 us-gaap:TreasuryStockCommonMember 2024-12-31 0000813672 us-gaap:RetainedEarningsMember 2024-12-31 0000813672 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-12-31 0000813672 us-gaap:RetainedEarningsMember 2025-01-01 2025-03-31 0000813672 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-01-01 2025-03-31 0000813672 us-gaap:CommonStockMember 2025-01-01 2025-03-31 0000813672 us-gaap:TreasuryStockCommonMember 2025-01-01 2025-03-31 0000813672 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2025-01-01 2025-03-31 0000813672 us-gaap:CommonStockMember 2025-03-31 0000813672 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2025-03-31 0000813672 us-gaap:TreasuryStockCommonMember 2025-03-31 0000813672 us-gaap:RetainedEarningsMember 2025-03-31 0000813672 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-03-31 0000813672 us-gaap:CommonStockMember 2023-12-31 0000813672 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2023-12-31 0000813672 us-gaap:TreasuryStockCommonMember 2023-12-31 0000813672 us-gaap:RetainedEarningsMember 2023-12-31 0000813672 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0000813672 2023-12-31 0000813672 us-gaap:RetainedEarningsMember 2024-01-01 2024-03-31 0000813672 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-03-31 0000813672 us-gaap:CommonStockMember 2024-01-01 2024-03-31 0000813672 us-gaap:TreasuryStockCommonMember 2024-01-01 2024-03-31 0000813672 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2024-01-01 2024-03-31 0000813672 us-gaap:CommonStockMember 2024-03-31 0000813672 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2024-03-31 0000813672 us-gaap:TreasuryStockCommonMember 2024-03-31 0000813672 us-gaap:RetainedEarningsMember 2024-03-31 0000813672 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-31 0000813672 2024-03-31 0000813672 us-gaap:ProductConcentrationRiskMember cdns:CoreEDAMember us-gaap:SalesRevenueNetMember 2025-01-01 2025-03-31 0000813672 us-gaap:ProductConcentrationRiskMember cdns:CoreEDAMember us-gaap:SalesRevenueNetMember 2024-01-01 2024-03-31 0000813672 us-gaap:ProductConcentrationRiskMember cdns:SemiconductorIPMember us-gaap:SalesRevenueNetMember 2025-01-01 2025-03-31 0000813672 us-gaap:ProductConcentrationRiskMember cdns:SemiconductorIPMember us-gaap:SalesRevenueNetMember 2024-01-01 2024-03-31 0000813672 us-gaap:P