Synopsys and Cadence are leading players in the semiconductor design automation (EDA) market, both benefiting from the surge in AI and advanced chip trends. Comparing their 2024 performance reveals distinct strengths for each company.
Key Financial Comparison
| Metric | Synopsys (2024) | Cadence (2024) |
|---|---|---|
| Revenue | ~$6.13 billion | ~$4.64 billion |
| Revenue Growth | ~15% YoY | 13.5% YoY |
| Operating Income | ~$1.36 billion | ~$1.35 billion |
| Operating Margin | ~22.1% | ~29.1% |
| Net Income | ~$1.44 billion | ~$1.05 billion |
| GAAP EPS | ~$9.30 | ~$3.85 |
| Non-GAAP EPS | ~$13.60 | ~$5.97 |
Highlights at a Glance
- Revenue Size: Synopsys leads in total revenue.
- Revenue Growth: Synopsys posted higher growth in 2024 (though this can vary year to year).
- Operating Margin: Cadence boasts a higher operating margin, showing strong profitability.
- Net Income: Synopsys has a higher net income in absolute terms.
- Earnings Per Share (EPS): Synopsys delivers a higher EPS.
Summary & Insights
Synopsys leads the industry in revenue and net income, while Cadence stands out for its higher operating margin and profitability. Both companies are thriving thanks to the AI and advanced semiconductor design trends.