Cadence Design Systems Management

Management criteria checks 2/4

Cadence Design Systems' CEO is Anirudh Devgan, appointed in Nov 2017, has a tenure of 8.83 years. total yearly compensation is $56.68M, comprised of 1.4% salary and 98.6% bonuses, including company stock and options. directly owns 0.092% of the company’s shares, worth €62.14M. The average tenure of the management team and the board of directors is 4 years and 6.5 years respectively.

Key information

Anirudh Devgan

Chief executive officer

US$56.7m

Total compensation

CEO salary percentage	1.41%
CEO tenure	8.8yrs
CEO ownership	0.09%
Management average tenure	4yrs
Board average tenure	6.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Anirudh Devgan's remuneration changed compared to Cadence Design Systems's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2026	n/a	n/a	US$1b
Mar 31 2026	n/a	n/a	US$1b
Dec 31 2025	US$57m	US$800k	US$1b
Sep 30 2025	n/a	n/a	US$1b
Jun 30 2025	n/a	n/a	US$1b
Mar 31 2025	n/a	n/a	US$1b
Dec 31 2024	US$19m	US$750k	US$1b
Sep 30 2024	n/a	n/a	US$1b
Jun 30 2024	n/a	n/a	US$1b
Mar 31 2024	n/a	n/a	US$1b
Dec 31 2023	US$17m	US$750k	US$1b
Sep 30 2023	n/a	n/a	US$958m
Jun 30 2023	n/a	n/a	US$890m
Mar 31 2023	n/a	n/a	US$855m
Dec 31 2022	US$32m	US$725k	US$849m
Oct 01 2022	n/a	n/a	US$785m
Jul 02 2022	n/a	n/a	US$775m
Apr 02 2022	n/a	n/a	US$744m
Jan 01 2022	US$22m	US$605k	US$696m
Oct 02 2021	n/a	n/a	US$693m
Jul 03 2021	n/a	n/a	US$678m
Apr 03 2021	n/a	n/a	US$654m
Jan 02 2021	US$6m	US$562k	US$591m
Sep 26 2020	n/a	n/a	US$1b
Jun 27 2020	n/a	n/a	US$1b
Mar 28 2020	n/a	n/a	US$992m
Dec 28 2019	US$9m	US$550k	US$989m

Compensation vs Market: Anirudh's total compensation ($USD56.68M) is above average for companies of similar size in the German market ($USD6.14M).

Compensation vs Earnings: Anirudh's compensation has increased by more than 20% in the past year.

CEO

Anirudh Devgan (56 yo)

8.8yrs

Tenure

US$56,683,575

Compensation

Dr. Anirudh Devgan, Ph D., is Director of Lam Research Corporation from February 3, 2026. Dr. Devgan has been President of Cadence Design Systems, Inc. since November 16, 2017 and has been its Director sin...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Anirudh Devgan	CEO, President & Director	8.8yrs	US$56.68m	0.092% € 62.1m
John Wall	Senior VP & CFO	8.9yrs	US$17.12m	0.030% € 20.1m
Chin-Chi Teng	Senior VP and GM of the Digital & Signoff Group	8.7yrs	US$15.19m	0.050% € 33.8m
Paul Cunningham	Senior VP & GM of the System Verification Group	5.5yrs	US$15.21m	0.045% € 30.3m
Paul Scannell	Senior Vice President of Global Customer Success Team	2.3yrs	US$15.70m	0.012% € 7.8m
Tarak Ray	Chief Information Officer & Senior VP	2.7yrs	no data	no data
Richard Gu	Vice President of Investor Relations	no data	no data	no data
Marc Taxay	Senior VP	1.7yrs	no data	0.0082% € 5.5m
Yoon Kim	Corporate VP of Global Human Resources	1.7yrs	no data	no data
Nimish Modi	Senior VP & GM of Strategy and New Ventures	4yrs	US$1.43m	no data
Thomas Beckley	Senior Vice President of Strategic Technology Programs	14yrs	US$5.32m	0.052% € 35.0m
Boyd Phelps	Senior Vice President & GM of Silicon Solutions Group	3.7yrs	no data	no data

4.0yrs

Average Tenure

58.5yo

Average Age

Experienced Management: CDS's management team is considered experienced (4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Anirudh Devgan	CEO, President & Director	5.1yrs	US$56.68m	0.092% € 62.1m
Moshe N. Gavrielov	Independent Director	1.8yrs	US$428.12k	0.00066% € 445.5k
Young Sohn	Independent Director	13.6yrs	US$343.90k	0.0055% € 3.7m
Mark Adams	Independent Director	11.6yrs	US$381.90k	0.0050% € 3.3m
James Plummer	Independent Director	14.9yrs	US$355.90k	0.0096% € 6.5m
Alberto Sangiovanni-Vincentelli	Independent Director	34.7yrs	US$367.66k	0.015% € 10.0m
Lewis Chew	Independent Director	6.5yrs	US$393.90k	0.0033% € 2.2m
Luc den hove	Independent Director	less than a year	no data	0.00010% € 67.5k
Ita Brennan	Independent Director	6.5yrs	US$391.90k	0.0029% € 2.0m
Mary Krakauer	Independent Chairman	4.7yrs	US$435.90k	0.0018% € 1.2m
Julia Liuson	Independent Director	5.7yrs	US$353.90k	0.0023% € 1.6m

6.5yrs

Average Tenure

66yo

Average Age

Experienced Board: CDS's board of directors are considered experienced (6.5 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/09/10 01:35
End of Day Share Price	2026/09/10 00:00
Earnings	2026/06/30
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 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 37 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
Nay Soe Naing	Berenberg
Gustav Froberg	Berenberg

Cadence Design Systems Management

Management criteria checks 2/4

Key information

Recent management updates

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

Insufficient new directors

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

Insufficient new directors

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

Insufficient new directors

Recent updates

Cadence Design Systems Achieves First-Pass Pci Express 6.0 Specification Compliance with Subsystem Solution in Tsmc N3 Process

Second quarter 2026 earnings released: EPS: US$1.34 (vs US$0.59 in 2Q 2025)

Cadence Design Systems, Inc. Provides Earnings Guidance for the third quarter Ending September 30, 2026; Updates Earnings Guidance for the Fiscal Year Ending December 31, 2026

Investor sentiment deteriorates as stock falls 15%

Cadence Introduces AuraStack AI Super Agent, the World’s First Agentic AI Platform for PCB and Advanced Packaging

Cadence Design Systems, Inc. to Report Q2, 2026 Results on Jul 27, 2026

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