Income Statement
Quarterly Data
The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
Cadence Design Systems Inc., consolidated income statement (quarterly data)
US$ in thousands
Based on: 10-Q (reporting date: 2026-09-30), 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-02), 10-Q (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03).
Revenue exhibits a consistent long-term upward trajectory, growing from 736 million dollars in April 2021 to 1.63 billion dollars by September 2026. This growth is primarily driven by the product and maintenance segment, which more than doubled over the period. The services segment also showed significant expansion, though it experienced higher relative volatility, peaking at 153 million dollars in March 2026 before stabilizing around 146 million dollars.
- Gross Profitability and Margin Trends
- Gross margin increased in absolute terms from 652 million dollars to nearly 1.4 billion dollars. While total cost of revenue rose from 83.9 million dollars to 235.6 million dollars, the company maintained a high gross margin percentage, indicating strong pricing power and efficient cost management of product deliveries, despite a slight increase in the cost of services over time.
- Operating Expense Analysis
- Research and development (R&D) represents the most significant investment area, with spending increasing from 270.9 million dollars in April 2021 to 537.5 million dollars by September 2026. Marketing and sales expenses followed a steady upward trend, rising from 132.8 million dollars to 242.4 million dollars. General and administrative costs also increased, specifically accelerating after December 2024, moving from roughly 70 million dollars to 113 million dollars by the end of the period.
- Operating Income and Non-Recurring Items
- Income from operations generally trended upward, reaching a peak of 463.3 million dollars in December 2025. However, operational stability was periodically interrupted by non-recurring charges. Notable impacts include a 128.5 million dollar loss related to a contingent liability in June 2025 and various restructuring charges, the largest of which occurred in September 2026 at 42.1 million dollars.
- Net Income and Financial Costs
- Net income grew from 187.1 million dollars in April 2021 to 289.7 million dollars in September 2026. This growth occurred despite a substantial increase in interest expenses, which rose from approximately 4.2 million dollars to 30.3 million dollars. The bottom line was further influenced by volatile other income, which peaked at 95 million dollars in June 2026, and an increase in the amortization of acquired intangibles, which rose from 4.6 million dollars to 33.7 million dollars.
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