Cadence Design Systems (CDNS) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The sequential growth was supported by a higher quarterly revenue figure, while the year-over-year gain reflected a continued upward trend.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The sequential growth was supported by a higher quarterly revenue figure, while the year-over-year gain reflected a continued upward trend.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1B
Revenue reported for this quarter.
Quarter-over-quarter
+4.8%
Change from the immediately preceding quarter.
Year-over-year
+13.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.9B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $899.9M | +16.4% |
| Mar 31, 2023 | $1B | +13.3% |
| Jun 30, 2023 | $976.6M | +13.9% |
| Sep 30, 2023 | $1B | +13.4% |
Revenue performance
Reported revenue rose from the prior quarter, marking a sequential improvement. Compared to the same period a year ago, revenue also showed a solid increase.
Quarterly comparison
When measured against the immediately preceding quarter, revenue was higher, and the trailing twelve-month revenue stood at a level above the current quarter’s figure. The year-over-year comparison also reflected a positive change.
What to watch
Monitor whether the sequential revenue growth rate can be sustained in the upcoming quarter.