Cadence Design Systems

Cadence Design Systems, Inc. engages in the design and development of integrated circuits and electronic devices. Its products include electronic design automation, software, emulation hardware, and intellectual property, commonly referred to as verification IP, and design IP. It operates through the following geographical segments: Americas, Asia, Europe, Middle East and Africa, and Japan. The company was founded by Alberto Sangiovanni-Vincentelli, Gudmundur A. Hjartarson, K. Bobby Chao, and K. Charles Janac in June 1988 and is headquartered in San Jose, CA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Cadence Design Systems reports record 2022 results and eyes continued growth

Cadence Design Systems (CDNS) delivered strong financial performance in 2022, driven by robust demand in key growth areas and strategic partnerships, positioning the company for continued growth in 2023.
While facing challenges in clarifying revenue guidance, AI integration, and maintaining margins, Cadence's focus on innovation, customer needs, and strategic acquisitions presents opportunities for sustained growth and market leadership.
Analyst inquiries highlighted the need for clear communication on key strategic initiatives, pricing strategies, and technology integration, signaling areas for Cadence to address for enhanced stakeholder understanding and confidence.

Cadence Design Systems reports robust Q1 results and AI-driven growth outlook

Cadence Design Systems delivered strong financial performance in Q1 2023, driven by successful collaborations and growth across key business segments.
While facing challenges in revenue distribution and customer renewals, the company's strategic focus on AI investments and automation positions them well for future growth.
Opportunities lie in leveraging AI for optimization, capitalizing on hardware demand, and driving innovation in system design and analysis, setting the stage for continued success.

Cadence Design Systems reports robust Q2 performance and growth opportunities

Cadence Design Systems (CDNS) delivered strong Q2 results with revenue and EPS growth, driven by AI and hardware performance.
Partnerships with industry leaders and focus on innovation position Cadence for long-term growth in semiconductor and system design.
Challenges include managing operating margins, product development, and production capacity to meet growing demand.
Opportunities lie in leveraging AI capabilities, driving profitable growth, and expanding business across all segments for the future.

Cadence Design Systems (CDNS) exceeds Q3 guidance, focuses on AI-driven growth

Cadence Design Systems (CDNS) delivered robust Q3 results, driven by strong AI-driven design automation and key customer successes.
While facing challenges such as external risks and margin impacts, the company remains focused on innovation and growth opportunities.
With a positive outlook for 2023 and emphasis on AI tools and collaborations, Cadence is well-positioned for continued success and market impact.

Cadence Design Systems (CDNS) posts record 2023 results, eyes AI growth

Cadence Design Systems (CDNS) delivered impressive financial results for Q4 2023 and the full year, driven by robust revenue growth and strategic partnerships. While facing challenges in IP revenue and AI impact realization, the company is poised to capitalize on opportunities in AI tools adoption and R&D investments for future growth.

Cadence Design Systems reports strong Q1 earnings and eyes growth opportunities in high-demand sectors

Cadence Design Systems had a strong Q1, raising financial outlook for 2024 and showcasing leadership in hardware platforms and AI solutions.
While facing challenges like flat China revenue and margin pressures, the company is well-positioned to capitalize on growth opportunities in high-demand sectors.
Partnerships with key industry players and strong demand for hardware platforms drive growth, with expectations for recurring revenue growth above 10%.
Cadence's focus on innovation and market expansion, along with strong customer and partner relationships, positions the company for continued success in the semiconductor and systems industry.

Cadence Design Systems excels in Q2 2024, poised for market disruption

Cadence Design Systems demonstrated strong performance and growth in Q2 2024, driven by strategic partnerships and innovative solutions.
The company's focus on intelligent system design and AI-driven platforms positions it well for future market opportunities.
While facing challenges in a competitive landscape, Cadence has opportunities for expansion and disruption across various sectors.

Cadence Design Systems (CDNS) reports strong Q3 earnings and emphasizes AI-driven growth strategies

Cadence Design Systems (CDNS) showcased robust financial performance in Q3 2024, with a focus on profitability, strategic partnerships, and growth opportunities. Analyst inquiries highlighted areas for potential improvement and scrutiny.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Cadence Design Systems, Inc. engages in the design and development of integrated circuits and electronic devices. It operates through the following geographical segments: Americas, Asia, EMEA, and Japan. The company was founded by Alberto Sangiovanni-Vincentelli, Gudmundur A. Hjartarson, K. Bobby Chao, and K. Charles Janac in June 1988 and is headquartered in San Jose, CA.

Cadence Design Systems received a 'Hold' rating due to concerns about stock price valuation despite beating market consensus in Q2 earnings. CDNS's expanding AI portfolio and partnerships with key players position the company well to capture the growing demand in the EDA market. The company's FY24 outlook shows promising growth potential, with acquisitions and market leadership in key growth areas driving revenue growth.

Cadence Design Systems: Accelerated Verification And Performance Should Support AI

Cadence Design Systems, Inc. (NASDAQ:CDNS ) Q2 2024 Earnings Conference Call July 22, 2024 4:30 PM ET Company Participants Richard Gu - VP, IR Anirudh Devgan - President & CEO John Wall - SVP & CFO Conference Call Participants Charles Shi - Needham & Company Gianmarco Conti - Deutsche Bank Vivek Arya - Bank of America Securities Joshua Tilton - Wolfe Research Ruben Roy - Stifel Jay Vleeschhouwer - Griffin Securities Harlan Sur - JPMorgan Jason Celino - KeyBanc Capital Markets Lee Simpson - Morgan Stanley Clarke Jeffries - Piper Sandler Joe Vruwink - Baird Operator Good afternoon. My name is Brianna, and I will be your conference operator today.

Cadence Design Systems, Inc. (CDNS) Q2 2024 Earnings Call Transcript

Nucor

NXP Semiconductors

The Nasdaq came back +280 points, or +1.58% today, while small-caps once again felt their oats.

Markets Bounce Back; Cadence, Nucor Beat, NXP In-Line

Cadence Design Systems (CDNS) came out with quarterly earnings of $1.28 per share, beating the Zacks Consensus Estimate of $1.23 per share. This compares to earnings of $1.22 per share a year ago.

Cadence Design Systems (CDNS) Tops Q2 Earnings and Revenue Estimates

Cadence Design Systems beat Wall Street's targets for the second quarter, but guided below views for the current quarter.

Cadence Design Systems Beats Q2 Targets, But Guides Below Views

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence Reports Second Quarter 2024 Financial Results.

Cadence Reports Second Quarter 2024 Financial Results

Cadence's (CDNS) Q2 performance is likely to have benefited from higher customer demand. Weak global macroeconomic conditions and stiff competition are concerning.

Should You Buy Cadence (CDNS) Stock Ahead of Q2 Earnings?

Abercrombie & Fitch

Tesla

In a stock market that's somewhat lacking in volatility, value investors are sure to find other things to be anxious about. Indeed, momentum is growing behind a wide range of names, especially those in tech with artificial intelligence (AI) plans and products under development.

3 Momentum Stocks That Could Still Have More Room to Run

SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence Design Systems, Inc. (Nasdaq: CDNS) will hold its second quarter 2024 financial results webcast on Monday, July 22, 2024.

Cadence Announces Second Quarter 2024 Financial Results Webcast

Cadence (CDNS) has unveiled the Janus Network-on-Chip solution that will be available from July 2024.

Cadence (CDNS) Boosts System IP Portfolio With Janus NoC

Cadence Design Systems (CDNS) closed at $311.53 in the latest trading session, marking a +0.77% move from the prior day.

Why Cadence Design Systems (CDNS) Outpaced the Stock Market Today

SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence expanded its system IP portfolio with the addition of the Cadence Janus Network-on-Chip (NoC) for better PPA faster and with lower risk.

Cadence Expands System IP Portfolio with Network on Chip to Optimize Electronic System Connectivity

SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence achieved several key milestones in its strategic partnership with Intel Foundry, spanning 3D-IC enablement, EDA flows and IP development.

Cadence and Intel Foundry Collaborate on Systems Foundry Enablement for the AI Era

American Express

KLA-Tencor

Lam Research

Microsoft

Micron Technology

Synopsys

If you've been one of the people looking for tech stocks to buy in the past two years, you're likely quite happy with your portfolio's performance. I wrote an article in late 2022 titled “25 Tech Stocks to Buy Before They Take Off in 2023.

7 Stocks to Buy if You Think We'll See Nasdaq 20K in 2024

Datadog

Beyond Nvidia: 5 AI Stocks to Buy this June

In the most recent trading session, Cadence Design Systems (CDNS) closed at $326.50, indicating a +1.37% shift from the previous trading day.

Cadence Design Systems (CDNS) Beats Stock Market Upswing: What Investors Need to Know

Intuitive Surgical

Zero or low-debt stocks have gained popularity recently as they avoid additional financial costs associated with debt servicing. Companies without interest payments on loans have more funds to return to shareholders, potentially leading to higher stock prices.

3 Low-Debt Stocks Delivering High Returns

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

Is It Worth Investing in Cadence (CDNS) Based on Wall Street's Bullish Views?

Cadence Design Systems is a leading player in the EDA software market for chip and PCB design. The company is expanding its Total Addressable Market (TAM) by venturing into the reality platform, CFD market, and biology. Cadence aims to improve data center energy efficiency, simulate airflow over jets, and replicate its success in the chip industry in the field of biology.

Cadence Design Systems: Widening TAM But Less Room For Valuation Expansion

SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence's broad and close collaboration with Samsung Foundry includes technology advancements to accelerate design for AI and 3D-IC semiconductors.

Cadence and Samsung Foundry Accelerate Chip Innovation for Advanced AI and 3D-IC Applications

Johnson Controls

Waste Management

Today we introduce three of the best climate change stocks as the world transitions towards a more sustainable future. Governments, businesses, and individuals are implementing solutions to mitigate environmental damage.

The 3 Best Climate Change Stocks to Buy in June 2024

Cadence Design Systems (CDNS) closed the most recent trading day at $296.18, moving +0.6% from the previous trading session.

Cadence Design Systems (CDNS) Rises Higher Than Market: Key Facts

Cadence (CDNS) concludes the acquisition of Switzerland-based BETA CAE Systems International AG, which specializes in offering engineering simulation solutions.

Cadence (CDNS) Acquires Switzerland-based BETA CAE for $1.24B

Cadence Design Systems (CDNS) concluded the recent trading session at $286.15, signifying a -0.06% move from its prior day's close.

Cadence Design Systems (CDNS) Stock Slides as Market Rises: Facts to Know Before You Trade

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence's John Wall to Present at Nasdaq Conference.

News for Cadence Design Systems Stock (CDNS)