Cadence Design Systems (CDNS) Operating Margin (2009 - 2026)
Cadence Design Systems (CDNS) reported Operating Margin of 29.26% for Q1 2026, up 16.0% on a YoY basis from 25.22% in Q1 2025, and down 9.06% quarter-over-quarter from 32.17% in Q4 2025.
Cadence Design Systems (CDNS) Operating Margin (2009 - 2026) Analysis & Trends
Cadence Design Systems has reported Operating Margin for 18 years, with the latest figure at 29.26% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin rose 16.0% year-over-year to 29.26%; the trailing twelve-month figure through Mar 2026 stood at 28.25% (down 175.0% YoY), and the FY2025 full-year result was 28.17%, down 93.0% from the prior year.
- Operating Margin for Q1 2026 stood at 29.26%, down from 32.17% in the prior quarter.
- The five-year high for Operating Margin was 35.37% in Q2 2022, with the low at 18.96% in Q2 2025.
- Historically, Operating Margin has averaged 29.4% across 5 years, with a median of 29.58% in 2022.
- Annual changes were most pronounced in 2023 — Operating Margin soared 803 bps — and 2025, when it tumbled 875 bps.
- Cadence Design Systems' Operating Margin stood at 23.46% in 2022, then soared by 34 bps to 31.49% in 2023, then rose by 7 bps to 33.69% in 2024, then retreated by 5 bps to 32.17% in 2025, then decreased by 9 bps to 29.26% in 2026.
- The last three Operating Margin figures came in at 29.26% (Q1 2026), 32.17% (Q4 2025), and 31.77% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 28.69% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 14.56% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 12.05% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 21.08% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 29.26% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 13.34% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | -22.99% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 33.82% |
| 10 | Snowflake | 82.57 Bn | 79.61 Bn | 926.45 Mn | -23.45% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 29.26% |
| Dec 31, 2025 | 32.17% |
| Sep 30, 2025 | 31.77% |
| Jun 30, 2025 | 18.96% |
| Mar 31, 2025 | 29.10% |
| Dec 31, 2024 | 33.69% |
| Sep 30, 2024 | 28.80% |
| Jun 30, 2024 | 27.71% |
| Mar 31, 2024 | 24.77% |
| Dec 31, 2023 | 31.49% |
| Sep 30, 2023 | 28.63% |
| Jun 30, 2023 | 30.65% |
| Mar 31, 2023 | 31.56% |
| Dec 31, 2022 | 23.46% |
| Oct 1, 2022 | 28.89% |
| Jul 2, 2022 | 32.99% |
| Apr 2, 2022 | 35.37% |
| Jan 1, 2022 | 29.90% |
| Oct 2, 2021 | 25.84% |
| Jul 3, 2021 | 25.46% |