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CDNS

Cadence Design Systems Inc.

$234.2

Earnings Summary

Revenue
$976.58Mn
Net Profits
$221.12Mn
Net Profit Margins
22.64%

Highlights

Revenue:

Cadence Design Systems Inc.’s revenue jumped 13.88% since last year same period to $976.58Mn in the Q2 2023. On a quarterly growth basis, Cadence Design Systems Inc. has generated -4.42% fall in its revenue since last 3-months.

Net Profits:

Cadence Design Systems Inc.’s net profit jumped 18.3% since last year same period to $221.12Mn in the Q2 2023. On a quarterly growth basis, Cadence Design Systems Inc. has generated -8.55% fall in its net profits since last 3-months.

Net Profit Margins:

Cadence Design Systems Inc.’s net profit margin jumped 3.87% since last year same period to 22.64% in the Q2 2023. On a quarterly growth basis, Cadence Design Systems Inc. has generated -4.33% fall in its net profit margins since last 3-months.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Cadence Design Systems Inc. post its latest quarter earnings

EPS Estimate Current Quarter
0.92
EPS Estimate Current Year
0.92

Highlights

EPS Estimate Current Quarter:

Cadence Design Systems Inc.’s earning per share (EPS) estimates for the current quarter stand at 0.92 - a -5.15% fall from last quarter’s estimates.

EPS Estimate Current Year:

Cadence Design Systems Inc.’s earning per share (EPS) estimates for the current year stand at 0.92.

Key Ratios

Key ratios of the Cadence Design Systems Inc. post its Q1 2023 earnings

Return on Assets (ROA)
0.14
Return on Equity (ROE)
0.32

Highlights

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Cadence Design Systems Inc.’s return on assets (ROA) stands at 0.14.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Cadence Design Systems Inc.’s return on equity (ROE) stands at 0.32.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-07-25
0.96
1.08
12.5%
2022-10-24
0.97
1.06
9.28%
2022-04-25
1.02
1.17
14.71%