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Cadence Design Systems, Inc.

NASDAQ•CDNS
CEO: Dr. Anirudh Devgan Ph.D.
Sector: Technology
Industry: Software - Application
Listing Date: 1987-06-10
Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification. The company 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; physical implementation tools, such as place and route, optimization, and multiple patterning preparation; and Innovus implementation system, a physical implementation system. In addition, it offers custom IC design and simulation products to create schematic and physical representations of circuits down to the transistor level for analog, mixed-signal, custom digital, memory, and radio frequency designs; and system design and analysis products to develop printed circuit boards and IC packages, as well as to analyze electromagnetic, electro-thermal, and other multi-physics effects. Further, the company provides intellectual property (IP) products comprising pre-verified and customizable functional blocks to integrate into customer's ICs; and verification IP with memory models to emulate and model the expected behavior and interaction of standard industry system interface protocols. Additionally, it offers services related to methodology, education, and hosted design solutions, as well as technical support and maintenance services. The company serves consumer, hyperscale computing, 5G communications, mobile, automotive, aerospace and defense, industrial, and life science industries. Cadence Design Systems, Inc. was incorporated in 1987 and is headquartered in San Jose, California.
Contact Information
Building 5, 2655 Seely Avenue, San Jose, CA, 95134, United States
408-943-1234
www.cadence.com
Market Cap
$79.97B
P/E (TTM)
71.7
67
Dividend Yield
--
52W High
$376.45
52W Low
$221.56
52W Range
46%
Rank21Top 7.6%
6.0
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Strong • 6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$1.44B+0.00%
4-Quarter Trend

EPS

$1.43+0.00%
4-Quarter Trend

FCF

$512.45M+0.00%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Total Revenue Growth Total revenue reached $5,296.8M, growing 14% compared to $4,641.3M reported in 2024.
Operating Cash Flow Surge Cash provided by operating activities increased substantially to $1,728.8M, a $468.2M improvement over prior year.
Strong Backlog Position Remaining performance obligations totaled $7.8B at year-end 2025, showing strong future revenue visibility.
Net Income Improvement Net income reached $1,108.9M for fiscal 2025, slightly increasing from $1,055.5M in the previous year.

Risk Factors

Export Compliance Settlement Export violation settlement resulted in a $128.5M loss contingency charge recorded during fiscal 2025 period.
Supply Chain Dependency Risk Dependence on limited hardware suppliers makes operations vulnerable to supply disruption and potential price fluctuations.
AI Governance Liability Evolving AI regulation may incur financial harm, liability, or restrict development/commercialization of AI Technologies.
Competitive Technology Pace Failure to rapidly innovate or acquire technology capabilities risks product obsolescence and impedes growth segments.

Outlook

Hexagon Acquisition Pending Definitive agreement signed to acquire Hexagon D&E business, expanding System Design & Analysis portfolio in 2026.
Continued R&D Investment Expect continued significant R&D investments to adapt products to increasing complexity and new physics challenges.
Share Repurchase Availability Approximately $1.4B remains authorized for share repurchases under the publicly announced program as of 2025.
Expected Tax Rate Expect fiscal 2026 effective tax rate to stabilize around 27.0%, following recent US tax law changes.

Peer Comparison

Revenue (TTM)

DELL stock ticker logoDELL
$113.54B
+19.0%
GLW stock ticker logoGLW
$15.63B
+19.1%
NTES stock ticker logoNTES
$15.63B
+6.6%

Gross Margin (Latest Quarter)

CDNS stock ticker logoCDNS
114.7%
+8.7pp
ADSK stock ticker logoADSK
92.7%
+2.7pp
RBLX stock ticker logoRBLX
77.7%
+0.5pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
GLW$116.90B73.414.1%33.0%
DELL$96.37B16.8-218.2%31.1%
SNPS$82.88B62.94.6%21.3%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
5.0%
Steady Growth
4Q Net Income CAGR
12.4%
Profitability Improving
Cash Flow Stability
100%
Strong Cash Flow

Deep Research

Next earnings:Apr 27, 2026
|
EPS:$1.91
|
Revenue:$1.46B
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement
LTM
No Data