Cadence Design Systems (CDNS) Revenue — Quarter Ended Sep 30, 2024
Revenue for this quarter increased compared to the prior quarter. It also rose compared to the same quarter one year earlier.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for this quarter increased compared to the prior quarter. It also rose compared to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.2B
Revenue reported for this quarter.
Quarter-over-quarter
+14.6%
Change from the immediately preceding quarter.
Year-over-year
+18.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.4B
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, 2023 | $1.1B | +18.8% |
| Mar 31, 2024 | $1B | -1.2% |
| Jun 30, 2024 | $1.1B | +8.6% |
| Sep 30, 2024 | $1.2B | +18.8% |
Revenue performance
Revenue this quarter was higher on a sequential basis and also higher on a year-over-year basis.
Quarterly comparison
The year-over-year increase was more pronounced than the sequential increase, indicating stronger performance relative to the same quarter last year.
What to watch
The filing's risk factors section should be examined for potential headwinds to future revenue.