The company said its Q4 2023 revenue was $1.069 billion (Q4 2022 $900 million), and its full-year revenue was $4.090 billion ($3.562 billion for 2022). Full-year GAAP diluted net income per share was $3.82 ($3.09 in 2022).

1. 01

   The company said its Q4 2023 revenue was $1.069 billion (Q4 2022 $900 million), and its full-year revenue was $4.090 billion ($3.562 billion for 2022). Full-year GAAP diluted net income per share was $3.82 ($3.09 in 2022).

2. 02

   The company said its full-year 2023 GAAP operating margin was 31% (2022 30%), and its non-GAAP operating margin was 42% (2022 40%). For Q4 2023, GAAP operating margin was 31% (Q4 2022 23%), and non-GAAP operating margin was 43% (Q4 2022 36%).

3. 03

   Cadence said its backlog at the end of 2023 was $6.0 billion, and its current remaining performance obligations ("cRPO"), meaning contract revenue expected to be recognized as revenue within the next 12 months, was $3.2 billion.

4. 04

   The company said it expects full-year revenue for 2024 of $4.55 billion to $4.61 billion, and revenue for Q1 2024 of $990 million to $1.01 billion. Full-year non-GAAP diluted net income per share is expected to be $5.87 to $5.97.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.