Cadence Design Systems (CDNS) investor relations material
Cadence Design Systems Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 revenue reached $1.34 billion, up 10% year-over-year, with record $7 billion backlog and strong momentum across all product categories and geographies.
Net income for Q3 2025 was $287.1 million, a 21% increase year-over-year; GAAP EPS was $1.05, up from $0.87.
Raised full-year 2025 outlook to approximately 14% revenue growth and 18% EPS growth, citing accelerating AI-driven design activity and broad-based business momentum.
Completed acquisitions of Arm Artisan foundation IP and VLAB Works, and announced agreement to acquire Hexagon's D&E business, including MSC software, to strengthen capabilities.
Settled export control violations with BIS and DOJ, paying $140.6 million in penalties and entering ongoing compliance obligations.
Financial highlights
Q3 2025 revenue was $1.34 billion; GAAP operating margin was 31.8%, non-GAAP 47.6%.
GAAP EPS was $1.05; non-GAAP EPS was $1.93.
Operating cash flow for Q3 2025 was $311 million; cash and cash equivalents at quarter end were $2.75 billion; principal value of debt was $2.5 billion.
Gross margin for Q3 2025 was 86.4% GAAP and 88.0% non-GAAP.
Used $200 million to repurchase shares in Q3; $1.6 billion remains available under repurchase authorization.
Outlook and guidance
Q4 2025 revenue expected in the range of $1.405 billion-$1.435 billion; GAAP EPS expected at $1.17-$1.23, non-GAAP EPS at $1.88-$1.94.
Full-year 2025 revenue outlook raised to $5.262 billion-$5.292 billion; GAAP EPS expected at $3.80-$3.86, non-GAAP EPS at $7.02-$7.08.
At least 50% of annual free cash flow to be used for share repurchases in 2025.
Fiscal 2025 effective tax rate expected to be approximately 29%.
Closing of the Hexagon acquisition expected in Q1 2026, funded by cash and debt.
Next Cadence Design Systems earnings date
Next Cadence Design Systems earnings date
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage