The company said revenue for Q3 2024 was $1.215 billion, compared with $1.023 billion in Q3 2023. GAAP operating margin was 29%, unchanged from a year earlier, while non-GAAP operating margin was 45%, compared with 41% a year earlier.

1. 01

   The company said revenue for Q3 2024 was $1.215 billion, compared with $1.023 billion in Q3 2023. GAAP operating margin was 29%, unchanged from a year earlier, while non-GAAP operating margin was 45%, compared with 41% a year earlier.

2. 02

   Cadence said GAAP diluted net income per share for Q3 2024 was $0.87, lower than $0.93 a year earlier. Non-GAAP diluted net income per share was $1.64, compared with $1.26 a year earlier.

3. 03

   The company said it expects full-year 2024 revenue of $4.61 billion to $4.65 billion, and non-GAAP diluted net income per share of $5.87 to $5.93. Its non-GAAP operating margin outlook is 42% to 43%.

4. 04

   The company said that for the 9 months ended September 30, 2024, net cash provided by operating activities was $819,192 thousand, and it received $3,196,595 thousand in proceeds from debt issuance. Cash and cash equivalents as of September 30, 2024 were $2,786,040 thousand.

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

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