Cadence Design Systems (CDNS) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The company's top line continued to grow, reflecting sustained demand.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The company's top line continued to grow, reflecting sustained demand.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.1B
Revenue reported for this quarter.
Quarter-over-quarter
+5.1%
Change from the immediately preceding quarter.
Year-over-year
+8.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.2B
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 |
|---|---|---|
| Sep 30, 2023 | $1B | +13.4% |
| Dec 31, 2023 | $1.1B | +18.8% |
| Mar 31, 2024 | $1B | -1.2% |
| Jun 30, 2024 | $1.1B | +8.6% |
Revenue performance
Revenue rose from the prior quarter and also from the year-ago period, marking a continuation of positive momentum.
Quarterly comparison
Compared with the immediately preceding quarter, revenue was higher. Versus the same quarter one year earlier, revenue also showed an increase.
What to watch
The risk factors disclosed in the filing warrant continued attention.