Earnings · Fiscal year

Cadence Design Systems FY2024 earnings: revenue, margins and segments

Fiscal year 2024 (Jan–Dec 2024) · Reported

Cadence Design Systems

FY2024 · Reported

Revenue: $4.6B; ▲ +13.5% y/y
Net income: $1.1B; ▲ +1.4% y/y
Gross margin: 86.0%; −3.3 pp y/y

Summary

Revenue rose 13.5% from a year earlier to $4.6B.

Net income rose 1.4% to $1.1B.

Gross margin was 86.0%, down 3.3 percentage points from a year earlier.

By geography, United States was the largest contributor at 46.5% of revenue.

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, FY2024

Share of total revenue by product category, as reported (whole percentages). Cadence does not report amounts by category.

Shares as published by the company. Different classifications are never added together.

View sources

Cadence Form 10-K (fiscal year 2025) · Item 7 MD&A, Revenue by Product Category (percentage of revenue) · FY2024 · published 19 Feb 2026

Cadence Design Systems FY2024 earnings: revenue, margins and segments