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Cadence Design Systems vs Twilio: CDNS and TWLO compared
Cadence Design Systems is the larger company: $1.6B of revenue in its latest quarter (Q3 2026) against $1.6B for Twilio (Q3 2026). Cadence Design Systems is growing faster (+22% against +20% a year earlier). Cadence Design Systems is more profitable, with an operating margin of 26.2% against 9.5%.
Where the money goes: CDNS and TWLO
Cadence Design Systems (CDNS) · Q3 2026
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 follows the revenue to costs, profit and cash.
Twilio (TWLO) · Q3 2026
Twilio, Q3 2026: revenue $1.6B (+20% year over year), operating margin 9.5%, net earnings $161M, operating cash flow $389M. The chart follows the revenue to costs, profit and cash.
| Cadence Design Systems (CDNS) | Twilio (TWLO) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $1.6B | $1.6B |
| Revenue growth, Y/Y | +22% | +20% |
| Gross margin | — | 48.8% |
| Operating margin | 26.2% | 9.5% |
| Net earnings | $290M | $161M |
| Net margin | 17.7% | 10.3% |
| Operating cash flow | $424M | $389M |
| Free cash flow | $362M | — |
| Market value | $87.6B | $32.7B |
| P/E | 63.3× | 25.3× |
| Analysts’ mean target | $411.76 | $267.75 |
Where the revenue comes from
Cadence Design Systems
- Product and maintenance: $1.5B (91%)
- Service: $146M (9%)
Questions
Which is bigger, Cadence Design Systems or Twilio?
Cadence Design Systems is the larger company: $1.6B of revenue in its latest quarter (Q3 2026) against $1.6B for Twilio (Q3 2026).
Is Cadence Design Systems or Twilio growing faster?
Cadence Design Systems is growing faster (+22% against +20% a year earlier).
Which is more profitable, Cadence Design Systems or Twilio?
Cadence Design Systems is more profitable, with an operating margin of 26.2% against 9.5%.
More: Cadence Design Systems earnings · how Cadence Design Systems makes money · Twilio earnings · how Twilio makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 28, 2026; 10-Q filed Oct 30, 2026). Fiscal quarters can end on different dates. Not investment advice.