Short answer
Cadence Design Systems (CDNS) filed its Q2 2025 10-Q quarterly report on Jul 30, 2025 for the quarter ended Jun 30, 2025. Quarterly revenue was $1.3B (up 20.2% year over year) with net income of $160M.
Q2 2025 key financials · XBRL
- Revenue
- $1.3B
- +20.2% YoY · +2.7% QoQ
- Net income
- $160M
- −30.3% YoY · −41.5% QoQ
- Operating margin
- 19.0%
- EPS (diluted)
- $0.59
- −28.9% YoY · −41.0% QoQ
Source: XBRL data from the Cadence Design Systems (CDNS) Q2 2025 10-Q on SEC EDGAR. USD.
Cadence Design Systems Q2 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Risk Factors
- Newly added legal risk: $140.6M penalties and plea agreement with DOJ/BIS for 2015-2021 export violations, triggered by investigations into China sales
- Materially updated regulatory risk: July 2, 2025 rescission of prior export license requirement temporarily hurt China revenue, showing volatile trade controls impact
- Most impactful compliance risk: ongoing export compliance audits, probation and enhanced reporting under 3-year DOJ plea agreement to avoid further sanctions
- Operational risk: increased competition from Chinese industry growth and Entity List restrictions driving customers to foreign or open source substitute products
- Financial risk: credit risks on $45.3M receivables from sanctioned/customers on Entity List challenging cash flow and collections
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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