Cadence Design Systems (CDNS *) Stock Overview

Provides software, hardware, and other services worldwide. More details

CDNS * fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	4/6
Past Performance	3/6
Financial Health	5/6
Dividends	0/6

Rewards

Earnings are forecast to grow 12.56% per year

Earnings have grown 6% per year over the past 5 years

Risk Analysis

Shares are highly illiquid

Significant insider selling over the past 3 months

CDNS * 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$5,600.00
52 Week High	US$6,555.64
52 Week Low	US$4,711.00
Beta	0.98
1 Month Change	-7.44%
3 Month Change	13.87%
1 Year Change	3.13%
3 Year Change	77.38%
5 Year Change	209.93%
Change since IPO	566.67%

Recent updates

Shareholder Returns

	CDNS *	MX Software	MX Market
7D	0.5%	0%	0%
1Y	3.1%	0%	0%

Return vs Industry: CDNS * underperformed the MX Software industry which returned 23.6% over the past year.

Return vs Market: CDNS * matched the MX Market which returned 3.4% over the past year.

Price Volatility

Is CDNS *'s price volatile compared to industry and market?
CDNS * volatility
CDNS * Average Weekly Movement	n/a
Software Industry Average Movement	0%
Market Average Movement	0%
10% most volatile stocks in MX Market	0%
10% least volatile stocks in MX Market	0%

Stable Share Price: CDNS *'s share price has been volatile over the past 3 months compared to the MX market.

Volatility Over Time: Insufficient data to determine CDNS *'s volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1987	12,700	Anirudh Devgan	www.cadence.com

Cadence Design Systems, Inc. provides software, hardware, and other services worldwide. The company offers functional verification services, such as Jasper, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification. It 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 performing sign-off checks for manufacturing; and Innovus implementation system, a digital IC design and signoff solution.

Cadence Design Systems, Inc. Fundamentals Summary

How do Cadence Design Systems's earnings and revenue compare to its market cap?
CDNS * fundamental statistics
Market cap	Mex$1.55t
Earnings (TTM)	Mex$20.66b
Revenue (TTM)	Mex$93.13b

75.0x

P/E Ratio

16.6x

P/S Ratio

Is CDNS * overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CDNS * income statement (TTM)
Revenue	US$4.87b
Cost of Revenue	US$689.44m
Gross Profit	US$4.19b
Other Expenses	US$3.10b
Earnings	US$1.08b

Last Reported Earnings

Mar 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)	3.96
Gross Margin	85.86%
Net Profit Margin	22.19%
Debt/Equity Ratio	51.9%

How did CDNS * perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/06/07 06:51
End of Day Share Price	2025/06/03 00:00
Earnings	2025/03/31
Annual Earnings	2024/12/31

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. 23 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
Ishan Majumdar	Baptista Research
Gary Mobley	Benchmark Company

Cadence Design Systems (CDNS *) Stock Overview

Rewards

Risk Analysis

Cadence Design Systems, Inc. Competitors

Synopsys

Workday

Constellation Software

Roper Technologies

Price History & Performance

Recent News & Updates

Independent Director recently sold Mex$5.4m worth of stock

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

First quarter 2025 earnings released: EPS: US$1.01 (vs US$0.92 in 1Q 2024)

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

Recent updates

Independent Director recently sold Mex$5.4m worth of stock

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

First quarter 2025 earnings released: EPS: US$1.01 (vs US$0.92 in 1Q 2024)

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.

Full year 2024 earnings released: EPS: US$3.89 (vs US$3.87 in FY 2023)

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

Insufficient new directors

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

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

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

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

Now 23% overvalued

Investor sentiment deteriorates as stock falls 15%

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

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

Independent Director recently sold Mex$17m worth of stock

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 Mex$35m worth of stock

Cadence Design Systems, Inc. Advances Pervasive Intelligence at the Edge with Next-Generation Extensible Tensilica Processor Platform

Independent Director recently sold Mex$18m worth of stock

Cadence Design Systems, Inc. Provides Earnings Guidance for the Second Half and Full Year of Fiscal Year Ending December 31, 2023

Second quarter 2023 earnings released: EPS: US$0.82 (vs US$0.69 in 2Q 2022)

Cadence Design Systems, Inc. Unveils Joules RTL Design Studio, Delivering Breakthrough Gains in RTL Productivity and Quality of Results

Cadence Design Systems, Inc. to Report Q2, 2023 Results on Jul 24, 2023

Cadence Design Systems, Inc. Announces AI-Based Virtuoso Studio Certified for Samsung Foundry PDKs for Mature and Advanced Nodes

Cadence Design Systems, Inc. (NasdaqGS:CDNS) announces an Equity Buyback for $200 million worth of its shares.

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

First quarter 2023 earnings released: EPS: US$0.90 (vs US$0.86 in 1Q 2022)

Independent Director recently sold Mex$36m worth of stock

Cadence Design Systems, Inc. Delivers 13 New VIP and Expands System VIP Portfolio to Accelerate Automotive, Hyperscale Data Center and Mobile SoC Verification

Full year 2022 earnings released: EPS: US$3.13 (vs US$2.55 in FY 2021)

Cadence Design Systems, Inc. Provides Earnings Guidance for the First Quarter and Full Year of Fiscal 2023

Cadence Quantus FS Solution Achieves Certification for Samsung Foundry’s SF4, SF3E and SF3 Process Technologies

Tachyum Announces Amicable Settlement with Cadence Design Systems, Inc

High number of new directors