Earnings · Fiscal year

Cadence Design Systems FY2023 earnings: revenue, margins and segments

Fiscal year 2023 (Jan–Dec 2023) · Reported

Cadence Design Systems

FY2023 · Reported

Revenue: $4.1B; ▲ +14.8% y/y
Net income: $1.0B; ▲ +22.6% y/y
Gross margin: 89.4%; −0.2 pp y/y

Summary

Revenue rose 14.8% from a year earlier to $4.1B.

Net income rose 22.6% to $1.0B.

Gross margin was 89.4%, down 0.2 percentage points from a year earlier.

Built from the stored figures above; Reported values are as filed, Calculated values are Silicon Analytica arithmetic from those filings. Percentages and margins are never converted to US$; ≈US$ amounts are approximate.

Revenue mix, FY2023

— No segment or regional split is stored for this fiscal year; the company's filings for it have not been added at segment level.

Cadence Design Systems FY2023 earnings: revenue, margins and segments