CADENCE DESIGN SYSTEMS INC (CDNS) Research

Forward Estimates

EPS Estimates

Current Qtr

$2.05

$2.03$2.08

vs $1.65+24.5%

19 analysts

Next Qtr

$1.94

$1.79$2.10

vs $1.93+0.5%

18 analysts

Current Yr

$4.49

$4.38$4.67

vs $4.06+10.7%

13 analysts

Next Yr

$9.38

$8.71$9.91

vs $7.95+18.0%

23 analysts

Revenue Estimates

Current Qtr

$1.58B

$1.55B$1.59B

vs $1.28B+23.5%

19 analysts

Next Qtr

$1.55B

$1.51B$1.58B

vs $1.34B+15.8%

18 analysts

Current Yr

$6.20B

$6.17B$6.25B

vs $5.30B+17.1%

25 analysts

Next Yr

$7.02B

$6.75B$7.43B

vs $6.20B+13.1%

24 analysts

SEC filings →

View all 10-K, 10-Q, and 8-K filings for CDNS on EDGAR.

CDNS filing events and research context
Filed	Item	Context
May 12, 2026	management_change	Cadence assigned Dr. Luc Van den hove to the Board's Compensation Committee.
May 12, 2026	other	Cadence stockholders approved increasing shares for the Omnibus Equity Incentive Plan by 5,000,000.
Apr 27, 2026	earnings	Cadence reported Q1 2026 revenue of $1.474B and non-GAAP EPS of $1.96, raising 2026 revenue outlook to 17% YoY growth.
Apr 27, 2026	Guidance: gaap_diluted_eps	1.07 to 1.13
Apr 27, 2026	Guidance: gaap_diluted_eps	4.39 to 4.49
Apr 27, 2026	Guidance: gaap_net_income	296.00 to 312.00
May 1, 2026	mda_quarterly	Cadence Design Systems reported a 19% increase in total revenue to $1,474.2 million for Q1 2026, primarily driven by 21% growth in product and maintenance revenue from its software and hardware offerings. This growth reflects continued customer investment in complex designs across its Core EDA, Semiconductor IP, and System Design and Analysis (SD&A) product categories. All geographic regions contributed to revenue increases, with China, Japan, Other Asia, and EMEA showing strong double-digit growth. Operating expenses rose 15%, mainly due to increased research and development investments and acquisition-related costs, including the recent acquisition of Hexagon Smart Solutions AB's D&E business, which expanded the SD&A portfolio. Despite these investments, the operating margin remained stable at 29%. Cash and cash equivalents significantly decreased to $1,406.7 million from $3,001.3 million, largely due to substantial payments for business combinations, which also led to a sharp increase in cash used for investing activities. The company drew $425 million from its $1.25 billion revolving credit facility and has $1.2 billion remaining for share repurchases. CDNS continues to monitor macroeconomic factors and trade controls, such as China export restrictions, though these have not materially impacted results to date.
Feb 19, 2026	business	Cadence is a global leader providing computational, AI-driven software, accelerated hardware, and IP solutions to engineers and scientists, primarily serving the semiconductor and electronic systems industries. Its offerings facilitate the design of highly complex systems for diverse sectors such as automotive, data center, aerospace, mobile, IoT, and consumer electronics. The company's revenue is predominantly generated from Core EDA (70%), Semiconductor IP (14%), and System Design and Analysis (16%). A significant 80% of revenue is recurring, stemming from software licenses, services, royalties, and maintenance, with the remaining 20% being up-front from hardware sales and individual IP licenses. Strategic acquisitions are central to Cadence's growth, enhancing its Intelligent System Design™ strategy. Key recent additions include the pending Hexagon design and engineering business (expanding System Design & Analysis and structural analysis), Secure-IC (strengthening embedded security and cybersecurity), Arm Artisan Foundation IP (broadening design IP for advanced process nodes), and VLAB Works (improving system verification and pre-silicon software validation). A notable past risk involved a $128.5 million charge in 2025 to settle export violations related to sales to a Chinese customer between 2015 and 2021.

Filed

Item

Context

May 12, 2026

management_change

Cadence assigned Dr. Luc Van den hove to the Board's Compensation Committee.

May 12, 2026

other

Cadence stockholders approved increasing shares for the Omnibus Equity Incentive Plan by 5,000,000.

Apr 27, 2026

earnings

Cadence reported Q1 2026 revenue of $1.474B and non-GAAP EPS of $1.96, raising 2026 revenue outlook to 17% YoY growth.

Apr 27, 2026

Guidance: gaap_diluted_eps

1.07 to 1.13

Apr 27, 2026

Guidance: gaap_diluted_eps

4.39 to 4.49

Apr 27, 2026

Guidance: gaap_net_income

296.00 to 312.00

May 1, 2026

mda_quarterly

Cadence Design Systems reported a 19% increase in total revenue to $1,474.2 million for Q1 2026, primarily driven by 21% growth in product and maintenance revenue from its software and hardware offerings. This growth reflects continued customer investment in complex designs across its Core EDA, Semiconductor IP, and System Design and Analysis (SD&A) product categories. All geographic regions contributed to revenue increases, with China, Japan, Other Asia, and EMEA showing strong double-digit growth. Operating expenses rose 15%, mainly due to increased research and development investments and acquisition-related costs, including the recent acquisition of Hexagon Smart Solutions AB's D&E business, which expanded the SD&A portfolio. Despite these investments, the operating margin remained stable at 29%. Cash and cash equivalents significantly decreased to $1,406.7 million from $3,001.3 million, largely due to substantial payments for business combinations, which also led to a sharp increase in cash used for investing activities. The company drew $425 million from its $1.25 billion revolving credit facility and has $1.2 billion remaining for share repurchases. CDNS continues to monitor macroeconomic factors and trade controls, such as China export restrictions, though these have not materially impacted results to date.

Feb 19, 2026

business

Cadence is a global leader providing computational, AI-driven software, accelerated hardware, and IP solutions to engineers and scientists, primarily serving the semiconductor and electronic systems industries. Its offerings facilitate the design of highly complex systems for diverse sectors such as automotive, data center, aerospace, mobile, IoT, and consumer electronics. The company's revenue is predominantly generated from Core EDA (70%), Semiconductor IP (14%), and System Design and Analysis (16%). A significant 80% of revenue is recurring, stemming from software licenses, services, royalties, and maintenance, with the remaining 20% being up-front from hardware sales and individual IP licenses. Strategic acquisitions are central to Cadence's growth, enhancing its Intelligent System Design™ strategy. Key recent additions include the pending Hexagon design and engineering business (expanding System Design & Analysis and structural analysis), Secure-IC (strengthening embedded security and cybersecurity), Arm Artisan Foundation IP (broadening design IP for advanced process nodes), and VLAB Works (improving system verification and pre-silicon software validation). A notable past risk involved a $128.5 million charge in 2025 to settle export violations related to sales to a Chinese customer between 2015 and 2021.

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CDNS filing events and research context

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