Cadence Design Systems, Inc. (CDNS)
| Market Cap | 95.40B |
| Revenue (ttm) | 5.09B |
| Net Income (ttm) | 1.01B |
| Shares Out | 272.49M |
| EPS (ttm) | 3.70 |
| PE Ratio | 94.61 |
| Forward PE | 47.36 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 1,302,250 |
| Open | 349.92 |
| Previous Close | 351.06 |
| Day's Range | 346.99 - 351.09 |
| 52-Week Range | 221.56 - 376.45 |
| Beta | 1.00 |
| Analysts | Strong Buy |
| Price Target | 360.33 (+2.92%) |
| Earnings Date | Oct 27, 2025 |
About CDNS
Cadence Design Systems, Inc. provides software, hardware, and other services worldwide. The company offers functional verification services, such as Jasper, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification. It also provides digital IC design and sign off products, including Genus synthesis and Joules RTL power solutions, as well as Modus DFT software solution to reduce systems-on-chip design-for-test time; physica... [Read more]
Financial Performance
In 2024, Cadence Design Systems's revenue was $4.64 billion, an increase of 13.48% compared to the previous year's $4.09 billion. Earnings were $1.06 billion, an increase of 1.38%.
Financial StatementsAnalyst Forecast
According to 15 analysts, the average rating for CDNS stock is "Strong Buy." The 12-month stock price target is $360.33, which is an increase of 2.92% from the latest price.
News
Cadence Unveils AI-Driven ROCS X AI-Enabled Molecular Search, Unlocking Multi-trillion Molecule Virtual Screening
BOSTON--(BUSINESS WIRE)--Cadence Molecular Sciences announced ROCS X, an AI-enabled virtual screening solution that conducts 3D searches of trillions of drug-like molecules.
Cadence Partners with TSMC to Power Next-Generation Innovations Using AI Flows and IP for TSMC Advanced Nodes and 3DFabric
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence announced major advancements in chip design and IP, driven by its long-standing relationship with TSMC, for AI and HPC customer applications.
Cadence Design Systems: Picks, Shovels, And More For Modern Tech
Many who sold picks and shovels to mid-1800s gold miners made a lot more money than did their customers. As we know, many of the latter fared badly. We can speak similarly about AI. Many who sell pick...
Cadence Design Systems, Inc. (CDNS) Presents At Goldman Sachs Communacopia + Technology Conference (Transcript)
Cadence Design Systems, Inc. (NASDAQ:CDNS) Goldman Sachs Communacopia + Technology Conference September 9, 2025 4:45 PM EDT Company Participants Anirudh Devgan - CEO, President & Director Conference ...
Cadence Expands Digital Twin Platform Library with NVIDIA DGX SuperPOD Model to Accelerate AI Data Center Deployment and Operations
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence announced an expansion of its Reality Digital Twin Platform library with a digital twin of NVIDIA DGX SuperPOD with DGX GB200 systems.
Cadence Design to buy Hexagon's design and engineering unit for $3.16 billion
Cadence Design said on Thursday it will buy the design and engineering business of Stockholm-based Hexagon AB for 2.7 billion euros ($3.16 billion), to expand its customer base and scale up its produc...
Cadence to Acquire Hexagon's Design & Engineering Business, Accelerating Expansion in Physical AI and System Design and Analysis
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence (Nasdaq: CDNS) today announced it has entered into a definitive agreement to acquire the Design & Engineering (“D&E”) business of Hexagon AB, which includes ...
Cadence to Present at Goldman Sachs Communacopia + Technology Conference
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence to Present at Goldman Sachs Communacopia + Technology Conference.
Cadence Completes Acquisition of Arm Artisan Foundation IP Business
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence announced that it has completed the previously announced acquisition of the Arm Artisan foundation IP business.
Cadence Design Systems: Growth Outlook Remains Robust
I maintain my buy rating on CDNS as hardware upgrades, AI scaling, and new partnerships are driving robust demand and expanding TAM. The hardware upgrade cycle is in full swing, with record revenue an...
Cadence to Present at Deutsche Bank Technology Conference
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence to Present at Deutsche Bank Technology Conference.
Cadence Accelerates Development of Billion-Gate AI Designs with Innovative Power Analysis Technology Built on NVIDIA
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence announced a significant leap forward in the power analysis of pre-silicon designs through its close collaboration with NVIDIA.
Mach42™ Unveils Breakthrough AI Solution for Analog Circuit Analysis
Advancing IP Reuse with an AI-powered Companion to SPICE Simulation Key Highlights The Mach42 platform enables rapid validation of design performance across varying spec conditions, supporting efficie...
Cadence Design Systems Delivers Beat-And-Raise Quarter Despite US Export Bans
Shares of Cadence Design Systems Inc CDNS rallied in early trading on Tuesday, after the company Monday reported upbeat second-quarter earnings.
These Analysts Boost Their Forecasts On Cadence Design Systems Following Upbeat Q2 Earnings
Cadence Design Systems Inc CDNS reported better-than-expected second-quarter financial results and raised its FY25 adjusted EPS and revenue guidance on Monday.
Wall Street Breakfast Podcast: Chart Industries Soars On Takeover Talk
Baker Hughes is reportedly nearing a $13.6B cash deal to acquire Chart Industries, offering a 22% premium and boosting its energy tech portfolio. Cadence Design Systems will pay $140M for violating ex...
Cadence Design Systems, Inc. (CDNS) Q2 2025 Earnings Call Transcript
Cadence Design Systems, Inc. (NASDAQ:CDNS) Q2 2025 Earnings Conference Call July 28, 2025 5:00 PM ET Company Participants Anirudh Devgan - CEO, President & Director John M. Wall - Senior VP & CFO Ric...
Cadence Design Systems Pleads Guilty to Export Violation, Will Pay $140.6 Million in Settlement
The company will pay $140.6 million to settle claims that it illegally exported products to China. Separately, Cadence posted higher revenue in the second quarter and boosted its full-year earnings ou...
Chip design software provider Cadence raises annual sales forecast
Cadence Design Systems raised its sales forecast for the year on Monday, after the U.S. lifted export curbs on chip design software to China earlier this month, allowing the company to resume sales to...
Cadence Reports Second Quarter 2025 Financial Results
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence Reports Second Quarter 2025 Financial Results.
Cadence Design Systems: The EDA Beat Is On
Cadence is a leader in EDA and is increasingly focused on digital and AI applications and implementations. Excellent design, simulation and verification functionality, locked-in customers and strategi...
Cadence Introduces Industry-First LPDDR6/5X 14.4Gbps Memory IP to Power Next-Generation AI Infrastructure
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS #CDNS--The new Cadence LPDDR6/5X memory IP is a key enabler for scaling up the AI infrastructure to accommodate growing memory bandwidth and capacity demand...
Stock Of The Day: Breakout Time For Cadence Design?
Cadence Design Systems, Inc. CDNS shares are lower Monday. They have found resistance around $325 again.
Aston Martin to Proximus: 10 companies to watch for Q3 2025
In a business landscape defined by rapid tech shifts, evolving consumer habits, and mounting regulatory pressure, investors are looking beyond short-term gains and watching for companies that are acti...
Cadence Announces Second Quarter 2025 Financial Results Webcast
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence (Nasdaq: CDNS) will hold its second quarter 2025 financial results webcast on Monday, July 28, 2025.