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Cadence Design Systems, Inc. (CDNS)

340.94 +11.35 (+3.44%)
At close: May 1 at 4:00:01 PM EDT
336.00 -4.94 (-1.45%)
After hours: May 1 at 7:59:04 PM EDT
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News headlines Cadence Design Systems (CDNS) has recently reported strong Q1 2026 results, beating earnings expectations and raising its revenue outlook. The company is benefiting from robust AI demand and has a significant backlog, although there are concerns about margin pressure due to acquisition-related costs.

Cadence Design Systems (CDNS) has recently reported strong Q1 2026 results, beating earnings expectations and raising its revenue outlook. The company is benefiting from robust AI demand and has a significant backlog, although there are concerns about margin pressure due to acquisition-related costs.

Updated 6m ago · Powered by Yahoo Scout
  • Previous Close 329.59
  • Open 336.50
  • Bid 335.16 x 100
  • Ask 341.22 x 100
  • Day's Range 334.00 - 342.37
  • 52 Week Range 262.75 - 376.45
  • Volume 1,825,241
  • Avg. Volume 2,736,374
  • Market Cap (intraday) 94.131B
  • Beta (5Y Monthly) 1.04
  • PE Ratio (TTM) 79.66
  • EPS (TTM) 4.28
  • Earnings Date (est.) Jul 27, 2026
  • Forward Dividend & Yield --
  • Ex-Dividend Date --
  • 1y Target Est 380.01

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.

www.cadence.com

15,110

Full Time Employees

December 31

Fiscal Year Ends

Technology

Sector

Performance Overview: CDNS

Trailing total returns as of 5/1/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

CDNS
9.07%
S&P 500 (^GSPC)
5.62%

1-Year Return

CDNS
13.75%
S&P 500 (^GSPC)
29.01%

3-Year Return

CDNS
61.85%
S&P 500 (^GSPC)
73.47%

5-Year Return

CDNS
158.74%
S&P 500 (^GSPC)
72.92%

Earnings Trends: CDNS

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q1 FY26
Revenue 1.47B
Earnings 535.53M

Q2

FY25

Q3

FY25

Q4

FY25

Q1

FY26

0
500M
1B

Analyst Insights: CDNS

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Analyst Price Targets

275.00 Low
380.01 Average
340.94 Current
425.00 High

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell

Latest Rating

Date 4/29/2026
Analyst Citigroup
Rating Action Maintains
Rating Buy
Price Action Raises
Price Target 385 -> 400

Statistics: CDNS

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Valuation Measures

Annual
As of 4/30/2026
  • Market Cap

    91.00B

  • Enterprise Value

    92.50B

  • Trailing P/E

    76.83

  • Forward P/E

    41.67

  • PEG Ratio (5yr expected)

    3.13

  • Price/Sales (ttm)

    16.29

  • Price/Book (mrq)

    13.87

  • Enterprise Value/Revenue

    16.73

  • Enterprise Value/EBITDA

    46.71

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    21.18%

  • Return on Assets (ttm)

    10.36%

  • Return on Equity (ttm)

    20.66%

  • Revenue (ttm)

    5.53B

  • Net Income Avi to Common (ttm)

    1.17B

  • Diluted EPS (ttm)

    4.28

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    1.41B

  • Total Debt/Equity (mrq)

    44.29%

  • Levered Free Cash Flow (ttm)

    1.36B

Compare To: CDNS

Select to analyze similar companies using key performance metrics; select up to 4 stocks.

Company Insights: CDNS

Fair Value

340.94 Current

Dividend Score

0 Low
Sector Avg.
100 High

Hiring Score

0 Low
Sector Avg.
100 High

Insider Sentiment Score

0 Low
Sector Avg.
100 High

Research Reports: CDNS

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  • What does Argus have to say about CDNS?

    Cadence Design Systems Inc has an Investment Rating of BUY; a target price of $366.000000; an Industry Subrating of High; a Management Subrating of High; a Safety Subrating of High; a Financial Strength Subrating of High; a Growth Subrating of High; and a Value Subrating of High.

    Rating
    Price Target
  • Cadence Earnings: Record Backlog and Agentic AI Momentum Drive Outlook Raise

    Cadence Design Systems is a provider of electronic design automation software, intellectual property, and system design and analysis products. EDA software automates and aids in the chip design process, enhancing design accuracy, productivity, and complexity in a full-flow end-to-end solution. Cadence offers a portfolio of design IP, as well as system design and analysis products, which enables system-level analysis and verification solutions.

    Rating
    Price Target
  • Raising target price to $366.00

    Cadence Design Systems Inc has an Investment Rating of BUY; a target price of $366.000000; an Industry Subrating of High; a Management Subrating of High; a Safety Subrating of High; a Financial Strength Subrating of High; a Growth Subrating of High; and a Value Subrating of High.

    Rating
    Price Target
  • Raising target price to $326.00

    Cadence Design Systems Inc has an Investment Rating of BUY; a target price of $326.000000; an Industry Subrating of High; a Management Subrating of High; a Safety Subrating of High; a Financial Strength Subrating of High; a Growth Subrating of High; and a Value Subrating of Medium.

    Rating
    Price Target

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