Cadence Design Systems (CDNS) Tops Q4 EPS by 6c, Beats on Revenue

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Go back to Cadence Design Systems (CDNS) Tops Q4 EPS by 6c, Beats on Revenue

Cadence Reports Fourth Quarter and Fiscal Year 2024 Financial Results

February 18, 2025 4:02 PM EST

Record Backlog of $6.8 Billion

Exceeded Q4 and 2024 Outlook for Revenue and EPS

SAN JOSE, Calif.--(BUSINESS WIRE)-- Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced results for the fourth quarter and fiscal year 2024.

Fourth Quarter 2024 Financial Results

Revenue of $1.356 billion, compared to revenue of $1.069 billion in Q4 2023 GAAP operating margin of 33.7%, compared to 31.5% in Q4 2023 Non-GAAP operating margin of 46.0%, compared to 42.9% in Q4 2023 GAAP diluted net income per share of $1.24, compared to $1.19 in Q4... More