Cadence Design Systems reported $8.20B of remaining performance obligations at 30 Sep 2026, up 17% from a year earlier and up 1% from the previous quarter. That is 1.3 years of trailing revenue already under contract. Book-to-bill last quarter: 1.06.
Net new backlog added in the latest quarter: $100M.
Over the last twelve months it turned about 79% of its opening backlog into revenue (12-month conversion).
58% of the backlog is due within the next twelve months.
Customer prepayments (contract liabilities) cover 14.0% of the backlog.
Twelve-month book-to-bill: 1.20, i.e. 1.20 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: -0 points — revenue is catching up with orders.
By backlog size it ranks 84th among US filers the cockpit tracks.
Cadence Design Systems backlog history
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in USD. Source: SEC XBRL filings.
Quarter end
Backlog (RPO)
TTM revenue
Coverage
Customer prepayments
30 Sep 2026
$8.20B
$6.13B
1.3 yrs
$1.15B
30 Jun 2026
$8.10B
$5.84B
1.4 yrs
$1.17B
31 Mar 2026
$8.00B
$5.53B
1.4 yrs
$1.02B
31 Dec 2025
$7.80B
$5.30B
1.5 yrs
$934M
30 Sep 2025
$7.00B
$5.21B
1.3 yrs
$905M
30 Jun 2025
$6.40B
$5.09B
1.3 yrs
$884M
31 Mar 2025
$6.40B
$4.87B
1.3 yrs
$841M
31 Dec 2024
$6.80B
$4.64B
1.5 yrs
$853M
30 Sep 2024
$5.60B
$4.35B
1.3 yrs
$698M
30 Jun 2024
$6.00B
$4.16B
1.4 yrs
$679M
31 Mar 2024
$6.00B
$4.08B
1.5 yrs
$660M
31 Dec 2023
$6.00B
$4.09B
1.5 yrs
$665M
Questions
What is Cadence Design Systems's backlog?
Cadence Design Systems reported $8.20B of remaining performance obligations at 30 Sep 2026, up 17% from a year earlier and up 1% from the previous quarter. That is 1.3 years of trailing revenue already under contract. Book-to-bill last quarter: 1.06.
How fast does Cadence Design Systems's backlog turn into revenue?
Over the last twelve months Cadence Design Systems recognised revenue equal to about 79% of the backlog it started each quarter with.
About these numbers
Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.