Cadence Design Systems said revenue for Q2 2025 was $1.275 billion, compared to $1.061 billion for Q2 2024. GAAP operating margin was 19.0%, compared to 27.7% for Q2 2024, and non-GAAP operating margin was 42.8%, compared to 40.1%.

1. 01

   Cadence Design Systems said revenue for Q2 2025 was $1.275 billion, compared to $1.061 billion for Q2 2024. GAAP operating margin was 19.0%, compared to 27.7% for Q2 2024, and non-GAAP operating margin was 42.8%, compared to 40.1%.

2. 02

   The company said GAAP results included a one-time charge of $140.6 million relating to settlements of legal proceedings with the U.S. Department of Justice and the Bureau of Industry and Security. Loss related to contingent liability for Q2 was $128,545 thousand, representing 10.1% of the GAAP operating margin reconciling items.

3. 03

   Cadence Design Systems said it expects full-year 2025 revenue of $5.21 billion to $5.27 billion, non-GAAP operating margin of 43.5% to 44.5%, and operating cash flow of $1.65 billion to $1.75 billion. The company's non-GAAP diluted net income per share outlook is $6.85 to $6.95.

4. 04

   The company disclosed that net cash provided by operating activities for the 6 months ended June 30, 2025 was $864,624 thousand, and it paid $525,016 thousand for repurchases of common stock. As of June 30, cash and cash equivalents were $2,822,762 thousand.

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Original filing

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