Filing Flows › Cadence Design Systems (CDNS) › Q2 2026 › vs Q2 2025
Cadence Design Systems (CDNS) Q2 2026 vs Q2 2025 (year over year)
Cadence Design Systems's revenue rose $309M (+24%) from $1.3B in Q2 2025 to $1.6B in Q2 2026. The biggest changes: Product and maintenance +$260M (+22%); Service +$48.9M (+47%). Operating margin 28.4% against 19.0% (+9.5 pts).
Cadence Design Systems, Q2 2026: revenue $1.6B (+24% year over year), operating margin 28.4%, net earnings $367M, operating cash flow $635M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 28.4% | 19.0% | +9.5 pts |
| Net margin | 23.2% | 12.5% | +10.6 pts |
| Free cash flow margin | 36.8% | 26.1% | +10.6 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Product and maintenance | $1.4B | $1.2B | $260M | +22% |
| Service | $154M | $105M | $48.9M | +47% |
| Revenue | $1.6B | $1.3B | $309M | +24% |
| Other income, net | $59.9M | $38.8M | $21.1M | +54% |
| Operating profit | $450M | $242M | $209M | +86% |
| Costs & expenses | $1.1B | $1.0B | $100M | +10% |
| Pre-tax earnings | $510M | $281M | $230M | +82% |
| Research & development | $531M | $442M | $89.2M | +20% |
| Sales & marketing | $241M | $201M | $40.4M | +20% |
| General & admin | $88.5M | $69.0M | $19.5M | +28% |
| Other operating costs | $273M | $322M | −$48.7M | -15% |
| Net earnings | $367M | $160M | $207M | +129% |
| Income tax | $143M | $121M | $22.6M | +19% |
| Depreciation & amortization | $117M | $53.7M | $63.3M | +118% |
| Share-based compensation | $147M | $118M | $28.6M | +24% |
| Working capital & other | $4.0M | $45.6M | −$41.6M | -91% |
| Operating cash flow | $635M | $378M | $257M | +68% |
| Free cash flow (OCF − capex) | $582M | $334M | $249M | +75% |
| Capital expenditures | $52.6M | $44.1M | $8.5M | +19% |
Questions
How much did Cadence Design Systems's revenue grow year over year in Q2 2026?
Cadence Design Systems's revenue rose $309M (+24%) from $1.3B in Q2 2025 to $1.6B in Q2 2026.
What drove Cadence Design Systems's revenue change in Q2 2026?
Product and maintenance +$260M (+22%); Service +$48.9M (+47%).