Earnings · Quarter

Cadence Design Systems Q2 2023 earnings: revenue, margins and segments

Q2 2023 (Apr–Jun 2023) · Reported

Cadence Design Systems

Q2 2023 · Reported

Revenue: $977M; ▼ −4.4% q/q
Net income: $221M; ▼ −8.6% q/q
Gross margin: 90.1%; +2.3 pp q/q

Summary

Revenue was $977M.

Compared with the previous quarter, revenue fell 4.4%.

Net income was $221M.

Gross margin was 90.1%, up 2.3 percentage points from the previous quarter.

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, Q2 2023

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

Cadence Design Systems Q2 2023 earnings: revenue, margins and segments