Cadence Design Systems Inc
CDNS
ISIN null / Valor 916187
Cadence Design Systems Inc
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About company
Cadence Design Systems Inc. is a renowned entity in the realm of electronic systems design, leveraging over three decades of expertise in computational software. The company is dedicated to advancing the field of Intelligent System Design, providing a comprehensive suite of software, hardware, and intellectual property (IP) solutions. These offerings are designed to facilitate the transformation of design concepts into tangible realities. Cadence serves a diverse and global clientele, including some of the world's most innovative companies. These customers operate across a broad spectrum of industries, producing cutting-edge products for markets such as hyperscale computing, 5G communications, automotive, mobile, aerospace, consumer, industrial, and life sciences. By focusing on the development of tools and technologies that address the entire design cycle, from specification through to manufacturing, Cadence plays a critical role in enabling the creation of the next generation of electronic products.
Summarized from source with an LLMView SourceSector: TechnologyLatest Results (24.10.2025):
Cadence Design Systems Inc. reported strong financial results for the third quarter of 2023, showcasing significant revenue growth and robust profitability. The company achieved a revenue of $1.023 billion, up from $903 million in the same quarter last year, while maintaining a healthy operating margin. Additionally, Cadence provided an optimistic outlook for the upcoming quarter and the fiscal year, driven by advancements in AI and other cutting-edge technologies.
Revenue Growth
In Q3 2023, Cadence Design Systems Inc. reported a revenue increase to $1.023 billion, marking a substantial rise from $903 million in Q3 2022. This growth reflects the company's continued success in expanding its market presence and meeting customer demand across various sectors.
Strong Profitability
The company maintained an operating margin of 29% on a GAAP basis, consistent with the previous year. Net income reached $254 million, or $0.93 per diluted share, up from $186 million, or $0.68 per diluted share, in Q3 2022. These results highlight Cadence's effective cost management and operational efficiency.
Enhanced Non-GAAP Performance
Using non-GAAP measures, Cadence achieved an operating margin of 41% and a net income of $343 million, or $1.26 per diluted share, compared to 39% and $290 million, or $1.06 per diluted share, respectively, in the same period last year. These metrics underscore the company's strong underlying performance.
Positive Business Outlook
For the fourth quarter of 2023, Cadence expects total revenue to range between $1.039 billion and $1.079 billion, with GAAP operating margin around 31%. For the full fiscal year 2023, the company projects total revenue between $4.06 billion and $4.10 billion, demonstrating confidence in sustained growth driven by innovations in AI, HPC, and autonomous driving technologies.
Leadership Commentary
CEO Anirudh Devgan expressed satisfaction with the Q3 performance, highlighting the company's focus on innovation and customer satisfaction. CFO John Wall emphasized strong execution and operational efficiency, which enabled Cadence to raise its annual outlook. The leadership team's strategic focus on emerging technologies continues to propel the company's growth trajectory.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
83500 M
Market cap (USD)
1,435,035
Daily traded volume (Shares)
304.38 / 298.25
1 day high/low (USD)
52 weeks high/low (USD)
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Ratings & reviews
Caterina F
Tej Ram Kumpakha
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