Cadence Design Systems, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the U.S. Securities and Exchange Commission on October 28, 2026, reporting third-quarter net income of $289,747 thousand on total revenue of $1,633,311 thousand.

Key Highlights

  • Total revenue: $1,633,311 thousand for the three months ended September 30, 2026, compared to $1,338,838 thousand in the same period of 2025, according to the filing.
  • Net income: $289,747 thousand for Q3 2026, versus $287,122 thousand for Q3 2025, as reported in the condensed consolidated income statements.
  • Diluted EPS: $1.05 per share for the three months ended September 30, 2026, unchanged from $1.05 in the prior-year quarter, per the filing.
  • Nine-month net income: $992,483 thousand for the nine months ended September 30, 2026, compared to $720,752 thousand for the same period in 2025.
  • Total assets: $12,224,774 thousand as of September 30, 2026, up from $10,153,148 thousand as of December 31, 2025, the filing disclosed.
  • Goodwill: $4,926,955 thousand as of September 30, 2026, compared to $2,749,143 thousand at December 31, 2025, reflecting a significant increase over the period.
  • Shares outstanding: Approximately 274,379,000 shares of common stock were outstanding as of September 30, 2026, per the cover page.

Cadence Q3 2026 Financial Results: Revenue Growth and Balance Sheet Expansion

According to the Form 10-Q filed on NASDAQ:CDNS for the quarterly period ended September 30, 2026, Cadence Design Systems reported total revenue of $1,633,311 thousand for the three-month period, consisting of $1,487,311 thousand in product and maintenance revenue and $146,000 thousand in services revenue. This compares to total revenue of $1,338,838 thousand in the three months ended September 30, 2025. For the nine months ended September 30, 2026, total revenue was $4,691,982 thousand, up from $3,856,645 thousand in the comparable prior-year period.

The company reported income from operations of $428,716 thousand for Q3 2026, compared to $425,390 thousand in Q3 2025. Total costs and expenses for the quarter were $1,204,595 thousand, which included research and development expense of $537,541 thousand, marketing and sales of $242,476 thousand, and restructuring charges of $42,159 thousand. Amortization of acquired intangibles rose to $33,779 thousand from $10,233 thousand in the year-ago quarter, according to the filing. Interest expense for the three months ended September 30, 2026 was $30,375 thousand.

On the balance sheet, the filing disclosed that total assets grew to $12,224,774 thousand as of September 30, 2026, from $10,153,148 thousand at December 31, 2025. Goodwill increased to $4,926,955 thousand from $2,749,143 thousand, and acquired intangibles, net, rose to $1,792,006 thousand from $718,223 thousand, over the same period. Cash and cash equivalents stood at $1,452,020 thousand at September 30, 2026, down from $3,001,317 thousand at December 31, 2025. During Q3 2026, the company repurchased treasury stock totaling $400,019 thousand and recorded stock-based compensation expense of $144,763 thousand, as reported in the stockholders' equity statements.

What Was Disclosed

Cadence Design Systems disclosed its unaudited condensed consolidated financial results for the three and nine months ended September 30, 2026, covering revenue, net income, balance sheet position, stockholders' equity activity, and shares outstanding as of the period end.