
Cadence Design Systems, Inc.
CDNSNASDAQTechnologySoftware - Application
Previous close
$319.02
+$5.43 · +1.73%
CDNS company overview
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GoAI snapshot
AI-powered factor overview
GoAI score
Hold
Wait — insufficient conviction to act
Valuation
26
Expensive
Momentum
48
Neutral
Sentiment
62
Bullish
Risk resilience
64
Moderate Risk
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Company profile
Company websiteCadence Design Systems, Inc. operates globally, delivering a comprehensive suite of solutions that includes software, specialized hardware, professional services, and pre-designed integrated circuit (IC) building blocks. The company's robust functional verification offerings feature dedicated emulation and prototyping hardware. This portfolio encompasses JasperGold for formal verification, Xcelium for parallel logic simulation, Palladium as an enterprise-grade emulation platform, and Protium, a prototyping platform designed for thorough chip verification. Cadence additionally provides extensive products for digital IC design and final sign-off. These include the Genus logic synthesis solution, Joules for RTL power analysis, and the Modus software solution, which streamlines design-for-test (DFT) processes for systems-on-chip. Their tools further extend to physical implementation, covering place and route, optimization, and multiple patterning preparation, alongside essential sign-off products for validating designs prior to silicon manufacturing. Moreover, the company furnishes custom IC design and simulation tools capable of generating both schematic and physical representations of circuits down to the transistor level. These tools support a wide array of applications, such as analog, mixed-signal, custom digital, memory, and radio frequency (RF) designs. Cadence also offers system design and analysis products crucial for developing printed circuit boards (PCBs) and integrated circuit packages, along with capabilities to analyze complex multi-physics effects like electromagnetic and electro-thermal interactions. Furthermore, Cadence supplies intellectual property (IP) products, consisting of pre-verified, customizable functional blocks ready for integration into customer ICs. This includes verification IP and memory models used to simulate and characterize the behavior and interactions of standard industry system interface protocols. Complementing its product portfolio, Cadence provides a range of services, including methodology consulting, educational programs, hosted design solutions, and ongoing technical support and maintenance. Its diverse clientele spans sectors such as 5G communications, aerospace and defense, automotive, industrial and healthcare, mobile technology, consumer electronics, and hyperscale computing. Established in 1987, Cadence Design Systems, Inc. is headquartered in San Jose, California.
- Industry
- Software - Application
- Sector
- Technology
- Headquarters
- US
- CEO
- Anirudh Devgan
- Listed since
- Jun 10, 1987
- Employees
- 13,800
Market position
Day range
Current $319.02
52-week range
Current $319.02
- Open
- $314.49
- Previous close
- $313.59
- Volume
- 2.15M
- 0.89× average
- Average volume
- 2.41M
- Average daily volume
- Market cap
- 87.86B USD
- Beta
- 1.14
- Market reference 1
- 50-day average
- $353.85
- -9.84% below average
- 200-day average
- $327.08
- -2.46% below average
Financials
Financial snapshot
Latest / TTMValuation & yield
- Enterprise value
- 84.29B USD
- P/E (TTM)
- 63.05×
- P/B (TTM)
- 12.7×
- P/S (TTM)
- 15.05×
- EV / EBITDA
- 45.02×
- Earnings yield
- 1.31%
- Free cash flow yield
- 1.87%
- Dividend yield
- 0.00%
Profitability & efficiency
- Gross margin
- 88.50%
- Operating margin
- 30.83%
- Net margin
- 23.61%
- Return on equity
- 20.26%
- Return on assets
- 10.92%
- Return on invested capital
- 14.11%
Financial health
- Debt / equity
- 0.36×
- Current ratio
- 2.86×
Financial statements
Margin trends
Profitability as a percentage of reported revenue.
Income trends
Revenue
Operating income
Net income
| Metric (USD) | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | 5.3B USD | 4.64B USD | 4.09B USD | 3.56B USD | 2.99B USD |
| Cost of goods sold | 722.25M USD | 647.5M USD | 435.04M USD | 371.62M USD | 307.01M USD |
| Gross profit | 4.57B USD | 3.99B USD | 3.65B USD | 3.19B USD | 2.68B USD |
| Research and development | 1.77B USD | 1.55B USD | 1.44B USD | 1.25B USD | 1.13B USD |
| Selling, general, and administrative | 1.12B USD | 1.03B USD | 932.75M USD | 846.34M USD | 749.28M USD |
| Operating expenses | 2.92B USD | 2.64B USD | 2.4B USD | 2.12B USD | 1.9B USD |
| Interest income | 101.58M USD | 62.48M USD | 29.64M USD | 10.1M USD | 2.63M USD |
| Interest expense | 116.54M USD | 76M USD | 36.19M USD | 22.93M USD | 16.98M USD |
| Depreciation and amortization | 233.84M USD | 195.02M USD | 145.74M USD | 135.43M USD | 130.7M USD |
| Operating income | 1.65B USD | 1.35B USD | 1.25B USD | 1.07B USD | 779.09M USD |
| Net income | 1.11B USD | 1.06B USD | 1.04B USD | 848.95M USD | 695.96M USD |
Company facts updated Aug 24, 2026.
Earnings
- EPS beat rate
- 100%
- 11 beats, 0 misses, 0 met estimates
- Average EPS surprise
- +5.06%
- 11 comparable reports
- Latest EPS result
- 2.11
- Estimate 2.05 · Beat by 2.93%
EPS: actual versus estimate
Recent quarterly results
Revenue: actual versus estimate
Recent quarterly results
Analyst ratings
Third-party consensus; not a GoAI recommendation.
Rating distribution
31 ratingsRecent analyst actions
CDNS peers
ETFs holding CDNS
Funds reporting this stock among their holdings, ordered by reported position size.
Vanguard Morningstar Total Stock Market ETFVTI2.99B0.13%2.3T USD0.03%$378.24+0.44%
Vanguard S&P 500 ETFVOO2.46B0.15%1.7T USD0.03%$703.71+0.39%
Invesco QQQ Trust, Series 1QQQ1.86B0.38%485.41B USD0.18%$713.44+0.35%
VanEck Semiconductor ETFSMH1.41B2.10%66.84B USD0.35%$560.42-0.40%
iShares Core S&P 500 ETFIVV1.17B0.13%891.84B USD0.03%$769.31+0.39%
State Street SPDR S&P 500 ETFSPY1.08B0.13%817.87B USD0.09%$765.72+0.41%
Vanguard Morningstar Growth ETFVUG1.03B0.28%372B USD0.03%$87.50+0.38%
Vanguard Information Technology ETFVGT691.07M0.43%160.2B USD0.09%$118.42+0.05%
Vanguard Morningstar Total Stock Market ETFVTI- Market value
- 2.99B
- Weight
- 0.13%
- AUM
- 2.3T USD
- Expense ratio
- 0.03%
- Price / 1D
- $378.24+0.44%
Vanguard S&P 500 ETFVOO- Market value
- 2.46B
- Weight
- 0.15%
- AUM
- 1.7T USD
- Expense ratio
- 0.03%
- Price / 1D
- $703.71+0.39%
Invesco QQQ Trust, Series 1QQQ- Market value
- 1.86B
- Weight
- 0.38%
- AUM
- 485.41B USD
- Expense ratio
- 0.18%
- Price / 1D
- $713.44+0.35%
VanEck Semiconductor ETFSMH- Market value
- 1.41B
- Weight
- 2.10%
- AUM
- 66.84B USD
- Expense ratio
- 0.35%
- Price / 1D
- $560.42-0.40%
iShares Core S&P 500 ETFIVV- Market value
- 1.17B
- Weight
- 0.13%
- AUM
- 891.84B USD
- Expense ratio
- 0.03%
- Price / 1D
- $769.31+0.39%
State Street SPDR S&P 500 ETFSPY- Market value
- 1.08B
- Weight
- 0.13%
- AUM
- 817.87B USD
- Expense ratio
- 0.09%
- Price / 1D
- $765.72+0.41%
Vanguard Morningstar Growth ETFVUG- Market value
- 1.03B
- Weight
- 0.28%
- AUM
- 372B USD
- Expense ratio
- 0.03%
- Price / 1D
- $87.50+0.38%
Vanguard Information Technology ETFVGT- Market value
- 691.07M
- Weight
- 0.43%
- AUM
- 160.2B USD
- Expense ratio
- 0.09%
- Price / 1D
- $118.42+0.05%
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