Cadence Design Systems announced Q4 2024 revenue of $1.356 billion, compared to $1.069 billion in Q4 2023, and full-year 2023 revenue of $4.641 billion, compared to $4.090 billion in the prior year. GAAP operating margin for Q4 was 33.7%, compared to 29.1% in the prior-year quarter.

1. 01

   Cadence Design Systems announced Q4 2024 revenue of $1.356 billion, compared to $1.069 billion in Q4 2023, and full-year 2023 revenue of $4.641 billion, compared to $4.090 billion in the prior year. GAAP operating margin for Q4 was 33.7%, compared to 29.1% in the prior-year quarter.

2. 02

   The company said GAAP diluted net income per share for 2024 was $3.85, compared to $3.82 in 2023, and non-GAAP diluted net income per share was $5.97, compared to $5.15 in 2023. Non-GAAP operating margin for the year was 42.5%, compared to 42.0% in 2023.

3. 03

   Cadence said year-end backlog as of 2024 was $6.8 billion and current remaining performance obligations, or cRPO, contract revenue expected to be recognized as revenue in the next 12 months, was $3.4 billion. Net cash provided by operating activities for the year was $1,260,551 thousand and cash and cash equivalents at year-end were $2,644,030 thousand.

4. 04

   The company expects full-year 2025 revenue in the range of $5.14 billion to $5.22 billion, non-GAAP operating margin in the range of 43.25% to 44.25%, and non-GAAP diluted net income per share in the range of $6.65 to $6.75.

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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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