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Atlassian vs Cadence Design Systems: TEAM and CDNS compared
Atlassian is the larger company: $1.8B of revenue in its latest quarter (Q1 FY27) against $1.6B for Cadence Design Systems (Q3 2026). Atlassian is growing faster (+24% against +22% a year earlier). Cadence Design Systems is more profitable, with an operating margin of 26.2% against 10.7%.
Where the money goes: TEAM and CDNS
Atlassian (TEAM) · Q1 FY27
Atlassian, Q1 FY27: revenue $1.8B (+24% year over year), operating margin 10.7%, net earnings $90.7M, operating cash flow $469M. The chart follows the revenue to costs, profit and cash.
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.
| Atlassian (TEAM) | Cadence Design Systems (CDNS) | |
|---|---|---|
| Latest quarter | Q1 FY27 | Q3 2026 |
| Revenue | $1.8B | $1.6B |
| Revenue growth, Y/Y | +24% | +22% |
| Gross margin | 85.2% | — |
| Operating margin | 10.7% | 26.2% |
| Net earnings | $90.7M | $290M |
| Net margin | 5.1% | 17.7% |
| Operating cash flow | $469M | $424M |
| Free cash flow | $463M | $362M |
| Market value | $40.0B | $87.6B |
| P/E | — | 63.3× |
| Analysts’ mean target | $226.14 | $411.76 |
Where the revenue comes from
Atlassian
- Subscription: $1.7B (96%)
- Marketplace and other: $79.0M (4%)
Cadence Design Systems
- Product and maintenance: $1.5B (91%)
- Service: $146M (9%)
Questions
Which is bigger, Atlassian or Cadence Design Systems?
Atlassian is the larger company: $1.8B of revenue in its latest quarter (Q1 FY27) against $1.6B for Cadence Design Systems (Q3 2026).
Is Atlassian or Cadence Design Systems growing faster?
Atlassian is growing faster (+24% against +22% a year earlier).
Which is more profitable, Atlassian or Cadence Design Systems?
Cadence Design Systems is more profitable, with an operating margin of 26.2% against 10.7%.
More: Atlassian earnings · how Atlassian makes money · Cadence Design Systems earnings · how Cadence Design Systems makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Oct 28, 2026). Fiscal quarters can end on different dates. Not investment advice.