Short answer
Cadence Design Systems (CDNS) filed its Q1 2026 10-Q quarterly report on May 1, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $1.5B (up 18.7% year over year) with net income of $336M.
Q1 2026 key financials · XBRL
- Revenue
- $1.5B
- +18.7% YoY
- Net income
- $336M
- +22.7% YoY
- Operating margin
- 29.3%
- EPS (diluted)
- $1.23
- +23.0% YoY
Source: XBRL data from the Cadence Design Systems (CDNS) Q1 2026 10-Q on SEC EDGAR. USD.
Cadence Design Systems Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $1,474.2M, up 19% YoY from $1,242.4M
- Product and maintenance revenue $1,348.9M, up 21% YoY; services $125.3M, down 5%
- Core EDA largest category at 71% of revenue; Semiconductor IP 14%, SD&A 15%
- Operating margin 29% vs 29% YoY; recurring revenue 77% vs 82%
- Fiscal 2026 operating expenses expected to increase due to recent acquisitions
Risk Factors
- Newly updated cybersecurity risk triggered by recent theft of limited test files, configuration files, and source-code files
- Cybersecurity risk: third-party provider compromise could cause regulatory investigations, litigation, fines, and remediation costs
- Regulatory risk: U.S.-China trade restrictions and tariffs could disrupt supply chains, increase expenses, and reduce demand
- Market risk: geopolitical instability and weaker customer spending could reduce chip designs, bookings, and revenue
- Concentration risk: substantial revenue exposure to China amid heightened U.S.-China uncertainty and Taiwan supply-chain risks
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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