Cadence Design Systems

Cadence Design Systems, Inc. engages in the design and development of integrated circuits and electronic devices. Its products include electronic design automation, software, emulation hardware, and intellectual property, commonly referred to as verification IP, and design IP. It operates through the following geographical segments: Americas, Asia, Europe, Middle East and Africa, and Japan. The company was founded by Alberto Sangiovanni-Vincentelli, Gudmundur A. Hjartarson, K. Bobby Chao, and K. Charles Janac in June 1988 and is headquartered in San Jose, CA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Cadence Design Systems reports record 2022 results and eyes continued growth

Cadence Design Systems (CDNS) delivered strong financial performance in 2022, driven by robust demand in key growth areas and strategic partnerships, positioning the company for continued growth in 2023.
While facing challenges in clarifying revenue guidance, AI integration, and maintaining margins, Cadence's focus on innovation, customer needs, and strategic acquisitions presents opportunities for sustained growth and market leadership.
Analyst inquiries highlighted the need for clear communication on key strategic initiatives, pricing strategies, and technology integration, signaling areas for Cadence to address for enhanced stakeholder understanding and confidence.

Cadence Design Systems reports robust Q1 results and AI-driven growth outlook

Cadence Design Systems delivered strong financial performance in Q1 2023, driven by successful collaborations and growth across key business segments.
While facing challenges in revenue distribution and customer renewals, the company's strategic focus on AI investments and automation positions them well for future growth.
Opportunities lie in leveraging AI for optimization, capitalizing on hardware demand, and driving innovation in system design and analysis, setting the stage for continued success.

Cadence Design Systems reports robust Q2 performance and growth opportunities

Cadence Design Systems (CDNS) delivered strong Q2 results with revenue and EPS growth, driven by AI and hardware performance.
Partnerships with industry leaders and focus on innovation position Cadence for long-term growth in semiconductor and system design.
Challenges include managing operating margins, product development, and production capacity to meet growing demand.
Opportunities lie in leveraging AI capabilities, driving profitable growth, and expanding business across all segments for the future.

Cadence Design Systems (CDNS) exceeds Q3 guidance, focuses on AI-driven growth

Cadence Design Systems (CDNS) delivered robust Q3 results, driven by strong AI-driven design automation and key customer successes.
While facing challenges such as external risks and margin impacts, the company remains focused on innovation and growth opportunities.
With a positive outlook for 2023 and emphasis on AI tools and collaborations, Cadence is well-positioned for continued success and market impact.

Cadence Design Systems (CDNS) posts record 2023 results, eyes AI growth

Cadence Design Systems (CDNS) delivered impressive financial results for Q4 2023 and the full year, driven by robust revenue growth and strategic partnerships. While facing challenges in IP revenue and AI impact realization, the company is poised to capitalize on opportunities in AI tools adoption and R&D investments for future growth.

Cadence Design Systems reports strong Q1 earnings and eyes growth opportunities in high-demand sectors

Cadence Design Systems had a strong Q1, raising financial outlook for 2024 and showcasing leadership in hardware platforms and AI solutions.
While facing challenges like flat China revenue and margin pressures, the company is well-positioned to capitalize on growth opportunities in high-demand sectors.
Partnerships with key industry players and strong demand for hardware platforms drive growth, with expectations for recurring revenue growth above 10%.
Cadence's focus on innovation and market expansion, along with strong customer and partner relationships, positions the company for continued success in the semiconductor and systems industry.

Cadence Design Systems excels in Q2 2024, poised for market disruption

Cadence Design Systems demonstrated strong performance and growth in Q2 2024, driven by strategic partnerships and innovative solutions.
The company's focus on intelligent system design and AI-driven platforms positions it well for future market opportunities.
While facing challenges in a competitive landscape, Cadence has opportunities for expansion and disruption across various sectors.

Cadence Design Systems (CDNS) reports strong Q3 earnings and emphasizes AI-driven growth strategies

Cadence Design Systems (CDNS) showcased robust financial performance in Q3 2024, with a focus on profitability, strategic partnerships, and growth opportunities. Analyst inquiries highlighted areas for potential improvement and scrutiny.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Cadence Design Systems, Inc. engages in the design and development of integrated circuits and electronic devices. It operates through the following geographical segments: Americas, Asia, EMEA, and Japan. The company was founded by Alberto Sangiovanni-Vincentelli, Gudmundur A. Hjartarson, K. Bobby Chao, and K. Charles Janac in June 1988 and is headquartered in San Jose, CA.

SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence completed its acquisition of BETA CAE Systems International AG, a leading provider of multi-domain, engineering simulation solutions.

Cadence Completes Acquisition of BETA CAE

Cadence's quarter-end order backlog of $6 billion notched a first quarter record.

Best Stocks To Buy Now: Cadence Design Rebounds, Faces Resistance At 10-Week Line

Cadence Design Systems, Inc CDNS is continuing its upward trajectory, with a gain of 26.2% in the past year compared with the S&P 500 composite's growth of 26.1%. Based in San Jose, CA, Cadence is a leader in the electronic system design space.

Cadence (CDNS) Surges 26.2% in a Year: Will the Trend Last?

Cadence Design Systems (CDNS) concluded the recent trading session at $296.21, signifying a +0.66% move from its prior day's close.

Cadence Design Systems (CDNS) Laps the Stock Market: Here's Why

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence's John Wall to Present at BofA Conference.

Cadence's John Wall to Present at BofA Conference

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence's Anirudh Devgan to Present at Bernstein Conference.

Cadence's Anirudh Devgan to Present at Bernstein Conference

Cadence (CDNS) reported earnings 30 days ago. What's next for the stock?

Why Is Cadence (CDNS) Up 3% Since Last Earnings Report?

Axon Enterprise

Deckers Outdoor

MakeMyTrip

Invesco QQQ

Trane Technologies plc

Planning for retirement can be very scary and complicated for people, but it isn't that hard once you have the basics covered. The biggest thing you need to account for is the inflation-adjusted returns and whether you will have enough money by the time you wish to retire.

Retire Before 50: 7 Must-Own Stocks for Accelerated Wealth Building

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence's Anirudh Devgan to Present at J.P. Morgan Conference.

Cadence's Anirudh Devgan to Present at J.P. Morgan Conference

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence's Nimish Modi to Present at Needham Conference.

Cadence's Nimish Modi to Present at Needham Conference

Intel

Paramount Global

While technology stocks tend to drive the stock market higher, not all tech securities are created equal. Many well-known technology concerns are struggling right now and seeing their stocks sink deeper into the red.

Stock Market Crash Warning: Don't Get Caught Holding These 3 Tech Stocks

Review Cadence's (CDNS) international revenue performance and how it affects the predictions of financial analysts on Wall Street and the future prospects for the stock.

Understanding Cadence (CDNS) Reliance on International Revenue

Apple

Netflix

After leading the market higher coming out of the 2022 bear market, technology stocks have hit a rough patch. Sentiment towards the mega-cap tech companies has also shifted, as it now looks like interest rates will remain higher for longer.

3 Tech Stocks to Sell Now Before the Next Market Downturn Hits

SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence and TSMC extended their longstanding collaboration by announcing a broad range of innovative technology advancements to accelerate design.

Cadence and TSMC Collaborate on Wide-Ranging Innovations to Transform System and Semiconductor Design

Cadence Design Systems reported a slight revenue beat but missed EPS estimates in Q1 2024. The company demonstrated technological innovation with its Cadence.AI portfolio and next-generation systems.

Cadence Design Systems Gives Investors the Latest News

Cadence's (CDNS) first-quarter performance is affected by weakness in the Product & Maintenance segment.

Cadence (CDNS) Q1 Earnings Top Estimates, Revenues Down Y/Y

Cadence Design Systems, Inc. (NASDAQ:CDNS ) Q1 2024 Earnings Conference Call April 22, 2024 5:00 PM ET Company Participants Richard Gu - VP, IR Anirudh Devgan - President and CEO John Wall - SVP and CFO Conference Call Participants Joe Vruwink - Baird Charles Shi - Needham & Company Lee Simpson - Morgan Stanley Ruben Roy - Stifel Jay Vleeschhouwer - Griffin Securities Gary Mobley - Wells Fargo Securities Jason Celino - KeyBanc Capital Markets Vivek Arya - Bank of America Securities Harlan Sur - JPMorgan Operator Good afternoon. My name is Regina and I will be your conference operator today.

Cadence Design Systems, Inc. (CDNS) Q1 2024 Earnings Call Transcript

Cadence Design Systems (CDNS) came out with quarterly earnings of $1.17 per share, beating the Zacks Consensus Estimate of $1.13 per share. This compares to earnings of $1.29 per share a year ago.

Cadence Design Systems (CDNS) Q1 Earnings Top Estimates

Cadence Design Systems topped estimates for the first quarter but guided well below views for the current quarter.

Cadence Design Systems Stock Drops On Weak Q2 Guidance

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence Reports First Quarter 2024 Financial Results.

Cadence Reports First Quarter 2024 Financial Results

Cadence (CDNS) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Down -13.17% in 4 Weeks, Here's Why Cadence (CDNS) Looks Ripe for a Turnaround

The steady EPS growth of AZZ (AZZ) and Cadence Design Systems (CDNS) has been hard to overlook making them two of the top stocks to watch as their quarterly results approach on Monday, April 22.

2 Top Rated Stocks to Watch for EPS Growth as Earnings Approach

Cadence (CDNS) launches Palladium Z3 Emulation and Protium X3 FPGA Prototyping systems to advance SoC design.

Cadence (CDNS) Unveils New Palladium Z3 Emulation System

Itron

Silicon Motion Technology

Vertiv Holdings Co

Here, we have picked five tech stocks, Vertiv (VRT), Meta Platforms (META), Cadence Design Systems (CDNS), Itron (ITRI) and Silicon Motion (SIMO), which are likely to pull off earnings surprises in first-quarter 2024.

5 Technology Stocks Poised to Beat Earnings Estimates in Q1

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

News for Cadence Design Systems Stock (CDNS)