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Cadence Design Systems, Inc.

CDNS · NMS
$309.09+2.03%
52W Low: $262.7552W High: $416.69
Current: $309.09  ·  30% of 52-week range
TechnologySoftware - ApplicationNMS
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Cadence Design Systems, Inc. (CDNS) is a technology company in the software - application industry with $5.84B in trailing revenue trading at a 61.5× trailing P/E — analyst consensus: strong buy.

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 In novus platform; and custom IC design and simulation product include Virtuoso, a platform to design and verify analog. It also provides Xcelium logic simulator and other front-end verification and virtual prototyping technologies; controllers and physical interfaces; PCI Express, universal accelerator and compute express links, and multiple memory interfaces; and Ten Silica, a digital signal processor. In addition, the company's design IP portfolio includes serializer/deserializer, peripheral component interconnect, USB, and other standard protocols; and Secure-IC, a solution for embedded security IP. Additionally, it provides System Design and Analysis (SD&A) platform, a solution that enables end-to-end system-level design and verification across chips, packages, PCBs, and electronic systems; Allegro X and Orca X platforms for PCB and advanced packaging; Sigrity X for signal and power integrity; AIR for RF design; Fidelity for computational fluid dynamics; Celsius for thermal and airflow analysis; Clarity 3D solver for electromagnetic and power electronics analysis and simulation; Integrity 3D-IC solution for 3D-IC and multi-chiplet designs; the Optimality Intelligent System Explorer, Reality digital twin, and Millennium enterprise multiphasic platforms; Allegro system design platform; and molecular modeling and simulation solutions and services. The company has a strategic collaboration with NVIDIA. The company was incorporated in 1987 and is headquartered in San Jose, California.

Key Statistics

Market Cap$85.12B
Revenue (TTM)$5.84B
EPS (TTM)$5.03
EPS (Fwd est.)$9.55
Employees15,445
Trailing P/E61.45
Forward P/E32.38
PEG Ratio2.31
Price / Sales14.58
Price / Book12.41
EV / EBITDA40.00
Beta (5Y)1.14

Analyst Consensus

Consensus
Strong Buy
Analyst Price Target
+30.5% upside
Target: $403.38

Annual Revenue & Net Income

RevenueNet Income
'22
$3.56B
$850.00M
'23
$4.09B
$1.04B
'24
$4.64B
$1.06B
'25
$5.30B
$1.11B

Earnings History


QuarterActual EPSEstimateResult
Jul 2026
$2.11
$2.06Beat (+2.7%)
Apr 2026
$1.96
$1.89Beat (+4.0%)
Feb 2026
$1.99
$1.91Beat (+4.1%)
Oct 2025
$1.93
$1.79Beat (+7.8%)

Next Earnings Report

Cadence Design Systems, Inc. is next expected to report earnings on 26 Oct 2026.

Profitability

85.9%
28.6%
23.6%
Gross
Margin
Operating
Margin
Net
Margin
Revenue Growth (YoY)24.2%
Return on Equity23.2%
Return on Assets10.6%

Balance Sheet

Cash & Equivalents$1.53B
Total Debt$2.65B
Net Position$1.12B (net debt)
Free Cash Flow (TTM)$1.61B
Debt / Equity38.66

Share Ownership

Institutions 91.6%
Insiders 0.3%
Public 8.1%

Related Stocks

AAPLMSFTNVDAAMDINTCADBEORCLCRM

Frequently Asked Questions

What does Cadence Design Systems, Inc. (CDNS) do?
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 pla…
What is CDNS's market cap?
Cadence Design Systems, Inc. has a market capitalization of approximately $85.12B.
What is CDNS's P/E ratio?
Cadence Design Systems, Inc. trades at a trailing P/E ratio of 61.5x and a forward P/E of 32.4x, which is above the broad market average of ~25x.
How much revenue does CDNS generate?
Cadence Design Systems, Inc. generated $5.84B in trailing 12-month revenue.
What do analysts say about CDNS?
The analyst consensus rating for Cadence Design Systems, Inc. is strong buy, with a mean price target of $403.38. That implies +30.5% upside from the current price.
When does CDNS report earnings?
Cadence Design Systems, Inc. is next scheduled to report earnings on 26 Oct 2026.
Does CDNS pay a dividend?
Cadence Design Systems, Inc. does not currently pay a regular dividend.

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