Filing Flows › Cadence Design Systems (CDNS) › Q3 2026 › vs Q2 2026
Cadence Design Systems (CDNS) Q3 2026 vs Q2 2026 (quarter over quarter)
Cadence Design Systems's revenue rose $48.9M (+3%) from $1.6B in Q2 2026 to $1.6B in Q3 2026. The biggest changes: Product and maintenance +$56.6M (+4%); Service −$7.8M (-5%). Operating margin 26.2% against 28.4% (-2.2 pts).
Cadence Design Systems, Q3 2026: revenue $1.6B (+22% year over year), operating margin 26.2%, net earnings $290M, operating cash flow $424M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 26.2% | 28.4% | -2.2 pts |
| Net margin | 17.7% | 23.2% | -5.4 pts |
| Free cash flow margin | 22.2% | 36.8% | -14.6 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Product and maintenance | $1.5B | $1.4B | $56.6M | +4% |
| Service | $146M | $154M | −$7.8M | -5% |
| Revenue | $1.6B | $1.6B | $48.9M | +3% |
| Operating profit | $429M | $450M | −$21.6M | -5% |
| Costs & expenses | $1.2B | $1.1B | $70.5M | +6% |
| Pre-tax earnings | $408M | $510M | −$102M | -20% |
| Other expense, net | $20.4M | −$59.9M | $80.3M | — |
| Research & development | $538M | $531M | $6.3M | +1% |
| Sales & marketing | $242M | $241M | $1.4M | +0.6% |
| General & admin | $113M | $88.5M | $24.5M | +28% |
| Other operating costs | $312M | $273M | $38.3M | +14% |
| Net earnings | $290M | $367M | −$77.3M | -21% |
| Income tax | $119M | $143M | −$24.6M | -17% |
| Depreciation & amortization | $119M | $117M | $1.6M | +1% |
| Share-based compensation | $145M | $147M | −$2.1M | -1% |
| Working capital & other | $129M | −$4.0M | $133M | — |
| Operating cash flow | $424M | $635M | −$211M | -33% |
| Free cash flow (OCF − capex) | $362M | $582M | −$220M | -38% |
| Capital expenditures | $61.8M | $52.6M | $9.2M | +17% |
Questions
How much did Cadence Design Systems's revenue grow quarter over quarter in Q3 2026?
Cadence Design Systems's revenue rose $48.9M (+3%) from $1.6B in Q2 2026 to $1.6B in Q3 2026.
What drove Cadence Design Systems's revenue change in Q3 2026?
Product and maintenance +$56.6M (+4%); Service −$7.8M (-5%).