Cadence Design Systems (CDS) Stock Overview

Develops computational, AI-driven software, hardware, and silicon intellectual property products and solutions. More details

CDS fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	3/6
Past Performance	2/6
Financial Health	4/6
Dividends	0/6

Rewards

Earnings are forecast to grow 14.74% per year

Earnings have grown 11.2% per year over the past 5 years

Risk Analysis

No risks detected for CDS from our risk checks.

CDS Community Fair Values

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Cadence Design Systems, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Cadence Design Systems
Historical stock prices
Current Share Price	US$330.65
52 Week High	US$357.35
52 Week Low	US$222.75
Beta	1.15
1 Month Change	9.52%
3 Month Change	31.89%
1 Year Change	25.94%
3 Year Change	52.65%
5 Year Change	201.41%
Change since IPO	1,032.05%

Recent updates

Shareholder Returns

	CDS	DE Software	DE Market
7D	1.8%	-14.9%	-3.0%
1Y	25.9%	-46.5%	-0.7%

Return vs Industry: CDS exceeded the German Software industry which returned -46.5% over the past year.

Return vs Market: CDS exceeded the German Market which returned -0.7% over the past year.

Price Volatility

Is CDS's price volatile compared to industry and market?
CDS volatility
CDS Average Weekly Movement	6.6%
Software Industry Average Movement	7.0%
Market Average Movement	5.9%
10% most volatile stocks in DE Market	13.2%
10% least volatile stocks in DE Market	2.7%

Stable Share Price: CDS has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: CDS's weekly volatility (7%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1987	13,800	Anirudh Devgan	www.cadence.com

Cadence Design Systems, Inc. develops computational, AI-driven software, hardware, and silicon intellectual property products and solutions. The company offers functional verification services, such as Jasper, a formal verification platform; Xcelium, a parallel logic simulation platform; Verisium, a generative AI solution; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification, as well as digital IC design and sign off products, including In novus platform; and custom IC design and simulation product include Virtuoso, a platform to design and verify analog. It also provides Xcelium logic simulator and other front-end verification and virtual prototyping technologies; controllers and physical interfaces; PCI Express, universal accelerator and compute express links, and multiple memory interfaces; and Ten Silica, a digital signal processor.

Cadence Design Systems, Inc. Fundamentals Summary

How do Cadence Design Systems's earnings and revenue compare to its market cap?
CDS fundamental statistics
Market cap	€91.48b
Earnings (TTM)	€1.01b
Revenue (TTM)	€4.78b

90.7x

P/E Ratio

19.2x

P/S Ratio

Is CDS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CDS income statement (TTM)
Revenue	US$5.53b
Cost of Revenue	US$769.66m
Gross Profit	US$4.76b
Other Expenses	US$3.59b
Earnings	US$1.17b

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)	4.25
Gross Margin	86.08%
Net Profit Margin	21.18%
Debt/Equity Ratio	44.3%

How did CDS perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/06/12 03:05
End of Day Share Price	2026/06/12 00:00
Earnings	2026/03/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Cadence Design Systems, Inc. is covered by 40 analysts. 25 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Joseph Vruwink	Baird
Gary Mobley	Benchmark Company
Nay Soe Naing	Berenberg

Cadence Design Systems (CDS) Stock Overview

Rewards

Risk Analysis

Cadence Design Systems, Inc. Competitors

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TeamViewer

Price History & Performance

Recent News & Updates

Cadence Unveils Industry’S First Fully Autonomous Virtual Engineer for Chip Design

Cadence Design Systems, Inc. Raises Earnings Guidance for the Year Ending December 31, 2026

Cadence Design Systems, Inc., Annual General Meeting, May 07, 2026

Cadence Design Systems, Inc. (NasdaqGS:CDNS) completed the acquisition of Design & Engineering business of Hexagon Smart.

Cadence Design Systems, Inc. Provides Earnings Guidance for the Fiscal Year 2026

Cadence Unleashes ChipStack Ai Super Agent

Recent updates

Cadence Unveils Industry’S First Fully Autonomous Virtual Engineer for Chip Design

Cadence Design Systems, Inc. Raises Earnings Guidance for the Year Ending December 31, 2026

Cadence Design Systems, Inc., Annual General Meeting, May 07, 2026

Cadence Design Systems, Inc. (NasdaqGS:CDNS) completed the acquisition of Design & Engineering business of Hexagon Smart.

Cadence Design Systems, Inc. Provides Earnings Guidance for the Fiscal Year 2026

Cadence Unleashes ChipStack Ai Super Agent

Cadence Unveils Tensilica HiFi iQ DSP Purpose-Built for Next-Generation Voice AI and Audio Applications

Cadence Delivers Enterprise-Level Reliability with Next-Gen Low-Power Dram for Ai Applications Featuring Microsoft Raiddr Ecc Technology

Cadence Launches Partner Ecosystem to Accelerate Chiplet Time to Market

Now 20% overvalued

Insufficient new directors

Cadence Design Systems, Inc. Appoints Luc Van Den Hove to Its Board of Directors, Effective January 1, 2026

Cadence Design Systems, Inc. Raises Earnings Guidance for the Fiscal Year Ending December 31, 2025

Cadence Molecular Sciences Announces the Launch of Rocs X

Cadence Expands Digital Twin Platform Library with NVIDIA DGX SuperPOD Model to Accelerate AI Data Center Deployment and Operations

Cadence Design Systems, Inc. (NasdaqGS:CDNS) completed the acquisition of Artisan Foundation IP Business from Arm Holdings plc (NasdaqGS:ARM).

Insufficient new directors

Cadence Design Systems, Inc. Provides Earnings Guidance for the Third Quarter Ending September 30, 2025 and Fiscal Year Ending December 31, 2025

Cadence Design Systems, Inc. Introduces LPDDR6/5X 14.4Gbps Memory IP to Power Next-Generation AI Infrastructure

Cadence Unveils Millennium M2000 Supercomputer with NVIDIA Blackwell Systems to Transform AI-Driven Silicon, Systems and Drug Design

Cadence Expands Design IP Portfolio Optimized for Intel 18A and Intel 18A-P Technologies, Advancing AI, HPC and Mobility Applications

Cadence Design Systems, Inc. Provides Earnings Guidance for the Second Quarter Ending June 30, 2025

Cadence Advances Ai in the Cloud with DDR5 12.8Gbps MRDIMM Gen2 Memory Ip System Solution

Cadence Systems, Inc. Enables Next-Gen AI and HPC Systems with Industry's HBM4 12.8Gbps IP Memory System Solution

Cadence Design Systems, Inc., Annual General Meeting, May 08, 2025

Silvaco Group, Inc. (NasdaqGS:SVCO) acquired Process Proximity Compensation Product Line of Cadence Design Systems, Inc.

Cadence Design Systems, Inc. Provides Earnings Guidance for the Fiscal Year 2025

Cadence Design Systems, Inc. (NasdaqGS:CDNS) entered into a definitive agreement to acquire Secure-IC S.A.S.

Insufficient new directors

Cadence Design Systems, Inc. Appoints Moshe Gavrielov to Board of Directors, Effective January 1, 2025

Now 20% overvalued after recent price rise

Third quarter 2024 earnings released: EPS: US$0.88 (vs US$0.94 in 3Q 2023)

Cadence Design Systems, Inc. Provides Unaudited Financial Guidance for the Fourth Quarter and Full Year Ending December 31, 2024

Altair Engineering Reportedly Explores Sale After Acquisition Interest

Insufficient new directors

Now 21% undervalued after recent price drop

Now 27% undervalued after recent price drop

Second quarter 2024 earnings released: EPS: US$0.85 (vs US$0.82 in 2Q 2023)

Cadence Design Systems, Inc. Provides Earnings Guidance for the Third Quarter and Full Year of 2024

Cadence Design Systems, Inc. to Report Q2, 2024 Results on Jul 22, 2024

Cadence Design Systems, Inc. Expands System IP Portfolio with Network on Chip to Optimize Electronic System Connectivity

Cadence Design Systems, Inc. (NasdaqGS:CDNS) completed the acquisition of BETA CAE Systems International AG.

First quarter 2024 earnings released: EPS: US$0.92 (vs US$0.90 in 1Q 2023)

Cadence Design Systems, Inc. to Report Q1, 2024 Results on Apr 22, 2024

Cadence Design Systems, Inc., Annual General Meeting, May 02, 2024

Cadence Design Systems, Inc. (NasdaqGS:CDNS) entered into a share purchase agreement to acquire BETA CAE Systems International AG for $1.2 billion.

Full year 2023 earnings released: EPS: US$3.87 (vs US$3.13 in FY 2022)

Cadence Design Systems, Inc. Provides Earnings Guidance for the First Quarter and Fiscal Year 2024

Now 22% overvalued after recent price rise

John B. Shoven to Retire from the Board of Cadence Design Systems, Inc

Cadence Design Systems, Inc. Announces the Cadence Millennium Enterprise Multiphysics Platform

Cadence Design Systems, Inc. Significantly Advances ECAD/MCAD Convergence for Electronic Systems with New Celsius Studio AI Thermal Platform

Cadence Design Systems, Inc. (NasdaqGS:CDNS) acquired INVECAS Inc.

Cadence Design Systems, Inc. Announces Voltus InsightAI, Industry’s First Generative AI Technology that Automatically Identifies and Addresses EM-IR Violations

Cadence Design Systems, Inc. Expands Tensilica Ip Portfolio with New Hifi and Vision Dsps for Pervasive Intelligence and Edge Ai Inference

Third quarter 2023 earnings released: EPS: US$0.94 (vs US$0.69 in 3Q 2022)

Cadence Design Systems, Inc. Expands Support for 3Dblox 2.0 Standard with New System Prototyping Flows

Cadence Design Systems, Inc. Announces the Expansion of its Node-to-Node Design Migration Flow Based on the Cadence Virtuoso Studio

Cadence Design Systems, Inc. (NasdaqGS:CDNS) entered into a definitive agreement to acquire Intrinsix Corp. from CEVA, Inc. (NasdaqGS:CEVA) for $31.3 million.

Cadence Design Systems, Inc. Accelerates On-Device and Edge AI Performance and Efficiency with New Neo NPU IP and NeuroWeave SDK for Silicon Design

Cadence Design Systems, Inc. Unveils Next-Generation Ai-Driven Orcad X Delivering Up to 5X Faster Pcb Design and Enabled with Cadence Oncloud

Cadence Design Systems, Inc. (NasdaqGS:CDNS) completed the acquisition of Rambus SerDes and memory interface PHY IP business from Rambus Inc. (NasdaqGS:RMBS).

Independent Director recently sold €1.9m worth of stock