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CDNS US​

Cadence Design Systems Inc(CDNS US)

$316.49+6.842.21%Ext:$316.47-0.020.00%(Market Closed · 23:55:45 UTC)

Overview

ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees

Cadence Design Systems Inc — Company Profile

Cadence Design Systems, Inc. operates globally, delivering a comprehensive suite of solutions that includes software, specialized hardware, professional services, and pre-designed integrated circuit (IC) building blocks. The company's robust functional verification offerings feature dedicated emulation and prototyping hardware. This portfolio encompasses JasperGold for formal verification, Xcelium for parallel logic simulation, Palladium as an enterprise-grade emulation platform, and Protium, a prototyping platform designed for thorough chip verification. Cadence additionally provides extensive products for digital IC design and final sign-off. These include the Genus logic synthesis solution, Joules for RTL power analysis, and the Modus software solution, which streamlines design-for-test (DFT) processes for systems-on-chip. Their tools further extend to physical implementation, covering place and route, optimization, and multiple patterning preparation, alongside essential sign-off products for validating designs prior to silicon manufacturing. Moreover, the company furnishes custom IC design and simulation tools capable of generating both schematic and physical representations of circuits down to the transistor level. These tools support a wide array of applications, such as analog, mixed-signal, custom digital, memory, and radio frequency (RF) designs. Cadence also offers system design and analysis products crucial for developing printed circuit boards (PCBs) and integrated circuit packages, along with capabilities to analyze complex multi-physics effects like electromagnetic and electro-thermal interactions. Furthermore, Cadence supplies intellectual property (IP) products, consisting of pre-verified, customizable functional blocks ready for integration into customer ICs. This includes verification IP and memory models used to simulate and characterize the behavior and interactions of standard industry system interface protocols. Complementing its product portfolio, Cadence provides a range of services, including methodology consulting, educational programs, hosted design solutions, and ongoing technical support and maintenance. Its diverse clientele spans sectors such as 5G communications, aerospace and defense, automotive, industrial and healthcare, mobile technology, consumer electronics, and hyperscale computing. Established in 1987, Cadence Design Systems, Inc. is headquartered in San Jose, California.

Sector
Industrials
Industry
Professional Services
Exchange
UQ
CEO
Anirudh Devgan
Headquarters
San Jose, CA, US
IPO Date
Jun 10, 1987
Employees
13,800
Website
www.cadence.com

Key Metrics

Price
$359.53
Market Cap
$99.01B
Revenue (TTM)
$1.58B
Net Income (TTM)
$367.08M
EPS (TTM)
1.34
P/E (TTM)
71.85
P/B (TTM)
11.37
Dividend Yield
0.00%
ROE (TTM)
4.22%
ROA (TTM)
3.04%
Operating Margin
28.42%
Beta
1.51

Dividends

Last Dividend
$0.00
Last Yield
0.00%

Summary

Cadence Design Systems, Inc. operates globally, delivering a comprehensive suite of solutions that includes software, specialized hardware, professional services, and pre-designed integrated circuit (IC) building blocks. The company's robust functional verification offerings feature dedicated emulation and prototyping hardware. This portfolio encompasses JasperGold for formal verification, Xcelium for parallel logic simulation, Palladium as an enterprise-grade emulation platform, and Protium, a prototyping platform designed for thorough chip verification. Cadence additionally provides extensive products for digital IC design and final sign-off. These include the Genus logic synthesis solution, Joules for RTL power analysis, and the Modus software solution, which streamlines design-for-test (DFT) processes for systems-on-chip. Their tools further extend to physical implementation, covering place and route, optimization, and multiple patterning preparation, alongside essential sign-off products for validating designs prior to silicon manufacturing. Moreover, the company furnishes custom IC design and simulation tools capable of generating both schematic and physical representations of circuits down to the transistor level. These tools support a wide array of applications, such as analog, mixed-signal, custom digital, memory, and radio frequency (RF) designs. Cadence also offers system design and analysis products crucial for developing printed circuit boards (PCBs) and integrated circuit packages, along with capabilities to analyze complex multi-physics effects like electromagnetic and electro-thermal interactions. Furthermore, Cadence supplies intellectual property (IP) products, consisting of pre-verified, customizable functional blocks ready for integration into customer ICs. This includes verification IP and memory models used to simulate and characterize the behavior and interactions of standard industry system interface protocols. Complementing its product portfolio, Cadence provides a range of services, including methodology consulting, educational programs, hosted design solutions, and ongoing technical support and maintenance. Its diverse clientele spans sectors such as 5G communications, aerospace and defense, automotive, industrial and healthcare, mobile technology, consumer electronics, and hyperscale computing. Established in 1987, Cadence Design Systems, Inc. is headquartered in San Jose, California.

Website
www.cadence.com
Location
San Jose, CA, US
Phone408 943 1234
Employees13,800
CEOAnirudh Devgan
Sector
Industrials
Industry
Professional Services
IPO DateJun 10, 1987

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Latest Documents

SEC Filings(2.7K)

Expand
  • 4Statement of changes in beneficial ownership16 Oct
  • 4Statement of changes in beneficial ownership5 Oct
  • 144SANGIOVANNI VINCENTELLI ALBERTO1 Oct
  • 4Statement of changes in beneficial ownership21 Sep
  • 4Statement of changes in beneficial ownership21 Sep
  • 4Statement of changes in beneficial ownership21 Sep
  • 4Statement of changes in beneficial ownership21 Sep
  • 4Statement of changes in beneficial ownership21 Sep
  • 4Statement of changes in beneficial ownership17 Sep
  • 4Statement of changes in beneficial ownership17 Sep
  • 4Statement of changes in beneficial ownership17 Sep
  • 4Statement of changes in beneficial ownership17 Sep
  • 144Cunningham Paul15 Sep
  • 4Statement of changes in beneficial ownership14 Sep
  • 144Brennan Ita M10 Sep
  • 4Statement of changes in beneficial ownership27 Aug
  • 4Statement of changes in beneficial ownership27 Aug
  • 4Statement of changes in beneficial ownership27 Aug
  • 4Statement of changes in beneficial ownership25 Aug
  • 144SANGIOVANNI VINCENTELLI ALBERTO25 Aug

News

  • Cadence to Release Q3 Earnings: Will AI Momentum Drive Growth?23 Oct
  • Diversify Advisory Services LLC Acquires 3,103 Shares of Cadence Design Systems, Inc. $CDNS23 Oct
  • Wall Street Says Cadence Is Successfully Monetizing AI Chip Complexity, but Will Valuation Still Sink the Stock?22 Oct
  • PRGS vs. CDNS: Which Stock Is the Better Value Option?22 Oct
  • Cadence AI Super Agents Enable Nokia to Accelerate Electronic System Design on Millennium M2000 Supercomputer21 Oct
  • Cadence Unveils Europe's First Sovereign AI Platform for Semiconductor, System and AI Factory Design in Collaboration with NVIDIA21 Oct
  • Cadence Design Systems (CDNS) Stock Sinks As Market Gains: Here's Why20 Oct
  • Socionext Expands Agentic AI to Advanced, Large-Scale SoC Physical Design20 Oct
  • Socionext Expands Agentic AI to Advanced, Large-Scale SoC Physical Design20 Oct
  • Cadence: The Design Bottleneck Is Becoming More Valuable20 Oct
  • Cadence Design Systems (CDNS) Outperforms Broader Market: What You Need to Know19 Oct
  • 3 Reasons Growth Investors Will Love Cadence (CDNS)19 Oct
  • Cadence Design Systems (CDNS) Earnings Expected to Grow: Should You Buy?19 Oct
  • Wall Street Analysts Believe Cadence (CDNS) Could Rally 25.01%: Here's is How to Trade15 Oct
  • Krilogy Financial LLC Makes New $8 Million Investment in Cadence Design Systems, Inc. $CDNS14 Oct
  • Why Cadence Design Systems (CDNS) Dipped More Than Broader Market Today13 Oct
  • Semiconductor Equipment Stocks Slide as Investors Take Profits on a Huge Year: Applied Materials Sinks 7%, Lam Research and KLA Drop 4%13 Oct
  • Cadence Design Systems: It Seems That The Customers Are Gaining Leverage13 Oct
  • Cadence Design Systems, Inc. $CDNS Stock Purchased by NorthCrest Asset Manangement LLC13 Oct
  • Reviewing Cadence Design Systems (NASDAQ:CDNS) and PowerFleet (NASDAQ:AIOT)13 Oct

Mentions in Filings

  • Preliminary Terms This summary of terms is not complete and should be read with the pricing supplement below Citigroup Global Markets Holdings Inc. Issuer: Citigroup Inc. Guarantor: <strong>Cadence Design Systems, Inc.</strong> (ticker: “CDNS”) Underlying: November 2, 2026 Pricing date: November 3, 2027 Interim valuation date: November 2, 2029 Final v aluation date: November 7, 2029 Maturity date: If on the interim valuation date, the closing value of the underly …
    Citigroup Global Markets Holdings Inc.Cadence Design Systems Inc·FWP - OFFERING SUMMARY·Q4 26·15 Oct
  • Preliminary Terms This summary of terms is not complete and should be read with the pricing supplement below Citigroup Global Markets Holdings Inc. Issuer: Citigroup Inc. Guarantor: <strong>Cadence Design Systems, Inc.</strong> (ticker: “CDNS”) Underlying: November 2, 2026 Pricing date: November 3, 2027 Interim valuation date: November 2, 2029 Final v aluation date: November 7, 2029 Maturity date: If on the interim valuation date, the closing value of the underly …
    CITIGROUP INCCadence Design Systems Inc·FWP - OFFERING SUMMARY·Q4 26·15 Oct
  • … om 1993 to 1996 he was chief financial officer for ULTRADATA Corporation, a financial services software company which he managed through an IPO. From 1987 to 1993 he was Vice President and Corporate Controller for <strong>Cadence Design Systems</strong>, a public company which is a world leader in Electronic Design Automation software. Mr. Tchorzewski holds a master’s degree in business administration (finance) and a Bachelor of Science degree in business adminis …
    MED-X, INC.Cadence Design Systems Inc·S-1/A - Registration statement (general form, amendment)·Q4 26·15 Oct
  • … held the position of president and chief executive officer at FirstRain, an enterprise software company, and from 2002 to 2003, she held the position of executive vice president and chief marketing officer of <strong>Cadence Design Systems, Inc.</strong> an electronic design automation software company. From 1996 to 2002, Ms. Herscher was president and chief executive officer of Simplex Solutions, taking the company public in 2001, prior to its acquisition by …
    Lumentum Holdings Inc.Cadence Design Systems Inc·ARS - ANNUAL REPORT TO SECURITY HOLDERS·FY26·6 Oct
  • … cher held the position of president and chief executive officer at FirstRain, an enterprise software company, and from 2002 to 2003, she held the position of executive vice president and chief marketing officer of <strong>Cadence Design Systems</strong>, Inc. an electronic design automation software company. From 1996 to 2002, Ms. Herscher was president and chief executive officer of Simplex Solutions, taking the company public in 2001, prior to its acquisition b …
    Lumentum Holdings Inc.Cadence Design Systems Inc·DEF 14A - DEFINITIVE PROXY STATEMENT·Q2 27·6 Oct
  • … om 1993 to 1996 he was chief financial officer for ULTRADATA Corporation, a financial services software company which he managed through an IPO. From 1987 to 1993 he was Vice President and Corporate Controller for <strong>Cadence Design Systems</strong>, a public company which is a world leader in Electronic Design Automation software. Mr. Tchorzewski holds a master’s degree in business administration (finance) and a Bachelor of Science degree in business adminis …
    MED-X, INC.Cadence Design Systems Inc·S-1 - Registration statement (general form)·Q3 26·28 Sep

Key Stats

Trading

Px/Chg 1D$359.53 / +2.33%
Prev Close$292.70
% of 52Wk H68.18%
Avg Volume2.50M
Beta1.51
Mkt Cap99.01B
FD Mkt Cap78.24B

Float

Shrs Out/Float275.39M / 274.21M
Short Float0.02%
Days to Cover2.04
Stock Repurchased$200.01M

Current Valuation

EV100.05B
EV/EBITDA51.56
EV/Sales17.14
P/B11.37
P/S16.96
FCF Yield0.59%
ROE4.22%
ROA3.04%
Current Ratio1.74

Estimates

P/E71.85
Est P/EN/A
Est EPSN/A
Est PEGN/A

Valuation

Metric5Yr AvgApr '23Apr '24Apr '25Apr '26Oct '26
PRICE-BASED RATIOS
Price / Earnings143.6868.0472.9077.66230.06269.73
Price / Sales35.3916.2218.5617.6662.0062.49
Price / Book Value17.7121.0422.3017.5416.3111.37
Price / Free Cash Flow106.0351.6860.8873.31174.25170.04
ENTERPRISE VALUE METRICS
Enterprise Value80,832.157,770.375,657.181,906.788,772.7100,053.8
Enterprise Value / Sales35.4316.2218.5017.6561.6463.15
Enterprise Value / EBITDA120.8947.9951.6849.14150.14305.51
Enterprise Value / EBIT67.4154.0857.4055.65169.930.00

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue15.4%2,988.23,561.74,090.04,641.35,296.8
Gross Income14.3%2,681.23,190.13,654.93,993.84,574.5
EBITDA19.6%916.11,203.71,463.91,666.81,872.4
EBIT20.2%785.41,068.31,318.11,471.81,638.6
Net Income12.4%696.0849.01,041.11,055.51,108.9
EPS (Diluted)12.9%2.503.093.823.854.06
BALANCE SHEET
Cash & ST Inv28.8%1,088.9886.81,138.52,784.73,001.3
Total Assets23.3%4,386.35,137.15,669.58,974.510,153.1
Total Liabilities29.9%1,645.62,392.02,265.24,300.94,679.0
Total Shareholder Equity18.9%2,740.72,745.13,404.34,673.65,474.2
CASH FLOW
Net Operating Cash Flow11.9%1,101.01,241.91,349.21,260.61,728.8
Cap Ex20.7%-66.9-124.2-102.5-142.5-141.9
Free Cash Flow11.3%1,034.11,117.71,246.71,118.01,586.9

Enterprise Value Bridge

Millions USD23 Oct '26
Price (As of 23 Oct '26)317.60
Basic Shares275.39
Market Cap87,464.8
Diluted Shares274.95
Fully Diluted Shares Outstanding274.95
Fully Diluted Market Cap87,323.5
+Consolidated Debt2,482.2
−In-the-Money Convertible Debt—
+Capital Leases-
+Operating Leases—
−Cash & Equivalents-1,440.4
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value88,506.6

Segment data

Revenue

by Products and services

  • Product And Maintenance91%
  • Technology Service9%

Revenue

by Geography

  • Americas26%
  • United States24%
  • Asia18%
  • Other Asia11%
  • Emea8%

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