Filing Flows › Cadence Design Systems (CDNS) › Q4 2025
Cadence Design Systems (CDNS) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 19, 2026
Cadence Design Systems (CDNS) reported revenue of $1.4B for the fourth quarter 2025 (Q4 2025), +6% from a year earlier and +8% from the quarter before. Operating margin was 32.2%, net earnings $388M (27.0% of revenue).
Cadence Design Systems, Q4 2025: revenue $1.4B (+6% year over year), operating margin 32.2%, net earnings $388M, operating cash flow $553M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | +8% | +6% |
| Operating profit | $463M | +9% | +1% |
| Net earnings | $388M | +35% | +14% |
| Operating cash flow | $553M | +78% | +25% |
| Free cash flow | $512M | +85% | +27% |
What changed
Revenue was $1.4B in Q4 2025, up 6% year over year and up 8% from the previous quarter. Product and maintenance was the largest line at 93% of revenue.
Operating profit was $0.46B, a 32.2% margin (down 1.5 points year over year). Of the extra revenue versus a year earlier, 8% reached operating profit, below the 34% margin then. Total costs grew 9% against revenue growth of 6%. The fastest-growing cost line was General & admin (+47%). Net earnings were $0.39B, up 14% year over year. The effective tax rate was 21.3%.
Operating cash flow was $0.55B (up 25% year over year), 143% of net earnings. Non-cash charges added back $0.06B of depreciation and amortization and $0.11B of share-based compensation. Capital expenditures of $0.04B left free cash flow of $0.51B.
Questions
What was Cadence Design Systems' revenue in the fourth quarter 2025?
Cadence Design Systems (CDNS) reported revenue of $1.4B for the fourth quarter 2025 (Q4 2025), +6% from a year earlier and +8% from the quarter before.
Was Cadence Design Systems profitable in the fourth quarter 2025?
Operating profit was $463M (32.2% of revenue) and net earnings $388M.