Cadence Design Systems, Inc. (CDNS)
| Market Cap | 90.62B -2.6% |
| Revenue (ttm) | 6.13B +17.6% |
| Net Income | 1.38B +30.1% |
| EPS | 5.03 +29.6% |
| Shares Out | 274.38M |
| PE Ratio | 65.66 |
| Forward PE | 34.98 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 310,944 |
| Open | 334.81 |
| Previous Close | 342.75 |
| Day's Range | 328.64 - 337.98 |
| 52-Week Range | 262.75 - 416.69 |
| Beta | 1.13 |
| Analysts | Strong Buy |
| Price Target | 411.76 (+24.68%) |
| Earnings Date | Oct 26, 2026 |
About CDNS
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 Innovus platform; and custom IC design and simulation produ... [Read more]
Financial Performance
In 2025, Cadence Design Systems's revenue was $5.30 billion, an increase of 14.12% compared to the previous year's $4.64 billion. Earnings were $1.11 billion, an increase of 5.06%.
Financial StatementsAnalyst Summary
According to 24 analysts, the average rating for CDNS stock is "Strong Buy." The 12-month stock price target is $411.76, which is an increase of 24.68% from the latest price.
News
Cadence Joins the Genesis Mission Consortium to Advance AI-Driven Scientific Discovery and Microelectronics Innovation
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS #AIforDesign--Cadence (Nasdaq: CDNS) today announced it has joined the Genesis Mission™ Consortium, the U.S. Department of Energy (DOE) public-private partn...
Cadence Design put buyer realizes 7% same-day gains
Notable profits for the buyer who lifted the $9.48 offer for 5,000 Cadence Design (CDNS) Jan-27 300 puts yesterday at 14:33ET when underlying shares were trading at $347.30. Shares closed…
Cadence Design price target raised to $425 from $420 at Rosenblatt
Rosenblatt raised the firm’s price target on Cadence Design (CDNS) to $425 from $420 and keeps a Buy rating on the shares. The firm views the company’s Q3 report as…
5 Things to Know Before the Stock Market Opens on Tuesday
Stock futures are pointing higher after a strong start to the week; Celestica is leading the AI trade higher after better-than-expected results; Nvidia agreed to invest $3 billion in Meta; JetBlue sha...
Cadence Design price target raised to $430 from $400 at Needham
Needham analyst Charles Shi raised the firm’s price target on Cadence Design (CDNS) to $430 from $400 and keeps a Buy rating on the shares. The company reported a solid…
Cadence Design price target raised to $420 from $405 at JPMorgan
JPMorgan analyst Harlan Sur raised the firm’s price target on Cadence Design (CDNS) to $420 from $405 and keeps an Overweight rating on the shares. The company’s Q3 beat and…
Cadence Design price target raised to $440 from $420 at Baird
Baird raised the firm’s price target on Cadence Design (CDNS) to $440 from $420 and keeps an Outperform rating on the shares. The firm updated its model following as growth…
Cadence Design Systems Earnings Call Transcript: Q3 2026
Q3 revenue grew 22% YoY, backlog reached a record $8.2B, and recurring revenue rose 18%. Strong AI-led demand lifted FY 2026 guidance to 21% revenue growth and $8.40 non-GAAP EPS at the midpoint.
Cadence Design Systems Earnings release: Q3 2026
Cadence Design Systems released its Q3 2026 earnings on October 26, 2026, summarizing the period's financial results.
Cadence Design Systems Prepared remarks: Q3 2026
Cadence Design Systems filed a regulatory document on October 26, 2026 disclosing important business information.
Cadence Design Systems Quarterly report: Q3 2026
Cadence Design Systems has published its Q3 2026 quarterly earnings report on October 26, 2026.
Cadence Design up 2% after Q3 earnings beat and guidance raise
16:04 EDT Cadence Design (CDNS) up 2% after Q3 earnings beat and guidance raise
Cadence Reports Third Quarter 2026 Financial Results
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence (Nasdaq: CDNS) today announced results for the third quarter of 2026.
Cadence unveils Nvidia-backed AI models that chipmakers can run in-house
Cadence Design Systems on Monday launched a portfolio of AI models tuned to help design computer chips, deepening its par
Cadence Introduces Maestro, a Domain-Specialized AI Model Portfolio to Revolutionize Agentic Chip and System Design
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS #AIforDesign--Cadence (Nasdaq: CDNS) today announced the Maestro™ AI Model Portfolio, which powers Cadence® AI Super Agents across semiconductor and system ...
Cadence Design announce AI data center in Munich, collabs with Nvidia
Cadence (CDNS) announced the availability of a sovereign AI data center in Munich that brings together Cadence OnCloud, NVIDIA (NVDA) Vera and Grace CPU systems, Cadence Reality Digital Twin Platform,...
Cadence Design announces Nokia to deploy AuraStack AI Super Agent
Cadence (CDNS) announced that Nokia (NOK) is deploying the Cadence AuraStack AI Super Agent on the Cadence Millennium M2000 AI Supercomputer to advance electronic system design at scale. Nokia can…
Cadence AI Super Agents Enable Nokia to Accelerate Electronic System Design on Millennium M2000 Supercomputer
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS #AIforDesign--Cadence (Nasdaq: CDNS) today announced that Nokia is deploying the Cadence® AuraStack™ AI Super Agent on the Cadence Millennium® M2000 AI Supe...
Cadence Unveils Europe's First Sovereign AI Platform for Semiconductor, System and AI Factory Design in Collaboration with NVIDIA
BERLIN--(BUSINESS WIRE)---- $CDNS #AIforDesign--Cadence (Nasdaq: CDNS) today announced the availability of a sovereign AI data center in Munich that brings together Cadence® OnCloud, NVIDIA Vera and G...
Socionext Expands Agentic AI to Advanced, Large-Scale SoC Physical Design
YOKOHAMA, Japan & SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS #AIforDesign--Socionext Inc., a global leader in custom SoC design and development, is actively advancing its SoC design and development c...
Cadence Design price target raised to $420 from $400 at Deutsche Bank
Deutsche Bank raised the firm’s price target on Cadence Design (CDNS) to $420 from $400 and keeps a Buy rating on the shares.
Cadence Announces Third Quarter 2026 Financial Results Webcast
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence (Nasdaq: CDNS) will hold its third quarter 2026 financial results webcast on Monday, October 26, 2026.
3 Chip Stocks Set for an Earnings Boost, and 3 to Avoid
Applied Materials and two more semiconductor sector stocks are good bets for earnings season, according to Goldman Sachs.
Cadence Collaborates With TSMC to Deliver Certified Tool Solutions and Industry-Leading, Silicon-Proven UALink IP on TSMC Advanced Processes
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS #AIforDesign--Cadence (Nasdaq: CDNS) today announced an expanded partnership with TSMC to deliver advanced capabilities for AI and HPC designers. Cadence ha...