Cadence QDec25
- Revenue up 8% q/q and 6% y/y to $1.44B at 88.5% GM & 45.8% OPM (driven by AI); FY25 revenue up 14% y/y to $5.3B; QMar guided to 1.42B-1.46B- Core EDA up 5% q/q while IP up 13% q/q- IP to grow above the corp avg again next year (3 straight years)- Entered FY26 with backlog of $7.8B; 67% of FY26 revenue is covered by this- FY26 revenue guidance: 5.9B-6.0B (12-13% y/y growth)Source: Sravan Kundojjala
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