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Cadence Design Systems Inc (CDNS) stock

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NASDAQ: CDNS Nasdaq Application Software Next results ~January 25, 2027

B+ Fundamentals grade

Cadence Design Systems develops software, hardware and silicon intellectual property used to design and verify integrated circuits and complete electronic systems. Its customers are semiconductor companies that design and manufacture chips, and systems companies that build electromechanical products containing electronics. Named tools include Virtuoso for custom and analogue chip design, Innovus for digital chips, the Xcelium and Jasper verification platforms, the Palladium emulation and Protium prototyping hardware, Tensilica signal processors, and the Allegro and OrCAD platforms for printed circuit boards.

Cadence primarily licenses its software, generally under time-based licences lasting two to three years, with related maintenance. It also sells or leases emulation hardware, licenses design IP (sometimes collecting royalties as customers ship products), and provides engineering, methodology and education services. Cloud access is offered through the Cadence Cloud portfolio.

Offerings are grouped into three categories: Core EDA, Semiconductor IP, and System Design and Analysis. Cadence sells chiefly through a direct sales force, with resellers for OrCAD and a distributor in Japan, and markets internationally through subsidiaries. During fiscal 2025 it acquired Arm's Artisan foundation IP business, Secure-IC and VLAB Works.

Based on Cadence Design Systems Inc's 10-K filed February 19, 2026.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$160

Cash-flow model

Base case. Range ~$120–$210 across our lower- and higher-growth cases (11.9%–21.9% a year).

Price vs value

Overvalued

The price is above our entire value range; our base value is 52% below it.

Price used: $329.51, November 2, 2026

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Cadence Design Systems files

10-Q filed October 28: Cadence Design Systems

Model value +1.0%

Revenue for the twelve months to September 2026 was $6.13bn, up 17.6% on a year earlier, faster than the 14.7% growth a quarter earlier. Free-cash-flow margin held at 28.8%. Its fundamentals grade moves from B to B+. Our model value rises from $156 to $158 a share, against a share price of $334. The rating stays Sell. At that price, our model says the market is pricing in about 30.7% a year of cash-flow growth for five years, faster than the 15.5% a year revenue growth it has delivered.

Source: 10-Q filed October 28, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (2)

10-Q filed July 29: Cadence Design Systems

Revenue for the twelve months to June 2026 reached $6.13bn, up 17.6% on a year earlier. That marks an acceleration from the 14.7% growth recorded a quarter earlier. Free-cash-flow margin held at 28.8%. On the back of this, the fundamentals grade moves from C+ to B. Our model value is little changed at $156 a share, set against a share price of $327. The rating stays Sell. At $327, the model implies the market is pricing in roughly 30.2% annual cash-flow growth over five years. That is well ahead of the 15.5% a year revenue growth the company has actually delivered.

10-Q on SEC EDGAR

Where Cadence Design Systems stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $5.84bn, up 14.7% on a year earlier, faster than 13.4% a quarter earlier. Free-cash-flow margin fell to 28.8% from 31.1% a year earlier. Operating margin widened to 30.3% from 27.7%. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 2 of our 2 financial-health checks. Our cash-flow model value is $146 a share, against a share price of $322. At that price, our model says the market is pricing in about 30.2% a year of cash-flow growth for five years, faster than the 14.3% a year revenue growth it has delivered.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 25, 2027 (estimated)

Cadence Design Systems Inc's trailing-twelve-month revenue grew 17.6% year on year, with a free-cash-flow margin of 28.8%. Where it stands out: operating margin of 28.9% ranks 13 of 181 application software companies we cover.

Our discounted-cash-flow model values the business at ~$160 per share in the base case (~$120–$210 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Net margin expanding: TTM net margin reached 22.5%, up 2.2pp year over year.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Strengths

  • Fast growth. Revenue grew 17.6% over the last 12 months, against a median of 12.0% for application software companies we cover.
  • High operating margin. 28.9% of revenue is left as operating profit, against a median of 1.1% for application software companies we cover.
  • Strong cash generation. 28.8% of revenue turned into free cash flow, against a median of 15.2% for application software companies we cover.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Priced above our value. The share price of $329.51 is 52% above our value per share of $160.
  • High earnings multiple. The shares trade at 66 times the last 12 months' earnings, so expectations are demanding.
  • Volatile shares. Over the past year the shares showed annualised volatility of 41% and a beta of 1.6 against the S&P 500.
  • Insiders selling. 9 insiders sold $105M of stock over the past 365 days and none bought (100% under pre-set trading plans).

Latest results: FY2026 Q3

Filed October 28, 2026
Earnings per share
$2.11 against an average estimate of $2.05: beat by 2.8%
Revenue
$1.63bn, up 22.0% on a year earlier
Share reaction
+8.4% in the first session after the results on October 26, 2026, against +1.3% for the S&P 500
Guidance given
revenue Growth Outlook growth 21% (fiscal year 2026); non-GAAP EPS $8.4 (fiscal year 2026)
Next report
October 26, 2026; average EPS estimate $2.23

Cadence Design Systems' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+0.5%
  • 1 week+2.3%
  • 1 month-6.2%
  • This year+5.4%
  • 1 year-2.7%
  • 5 years+90.5%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$6.1B
Operating margin
28.9%
Net margin
22.5%
EPS (TTM, diluted)
$5.03

Growth

Revenue growth
+17.6%
Change in growth rate
+2.9 pts
Share count change
+0.3%

Cash

Free cash flow (TTM)
$1.8B
FCF margin
28.8%
Stock pay % of revenue
8.9%

Earnings

Last results
October 26, 2026
Next results (est.)
January 25, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Our research
  2. Results
  3. Guidance
  4. Announcement
  5. Insider trade
  6. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

What the price is pricing in

The share price implies about 29.2% a year of cash-flow growth for five years.That is faster than the 15.5% a year revenue growth Cadence Design Systems has delivered.

  • Priced in29.2%
  • Last 12 months17.6%
  • 3 years a year16.1%
  • 5 years a year15.5%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($315.38, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$160
Price used
$315.38close November 3, 2026
Implied change
▼ 50%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Cadence Design Systems Inc's free cash flow after stock-based pay with after-tax interest added back ($1.2B, FY2026 Q3 TTM), growing 15.9% and 15.8% in the next two years (forecasts, guidance and its record), then back to 16.9% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$120–~$210 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Cadence Design Systems Inc's free cash flow after stock-based pay ( $1.2B, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Cadence Design Systems Inc as an operating company, with every model that fits that kind of business. Cost of equity 10.5%: the 10-year Treasury yield (4.9%) plus a beta of 1.23 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$160 ~$120–$210 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$140 ~$110–$230 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$140 ~$100–$200 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$79 ~$70–$92 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$130 ~$79–$160 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Cadence Design Systems Inc with Application Software in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −24%
  • Revenue growth 5 points higher ▲ +31%
  • Free-cash-flow margin 1 point lower ▼ −3%
  • Last year's free-cash-flow margin change, if it persists ▲ +1%
  • Discount rate 1 point higher ▼ −16%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $59$81$111$150$201$267
8.5% $44$60$82$110$146$193
10% $35$47$64$85$113$149

Valuation multiples over time Market data may be delayed

Cadence Design Systems Inc: market value and multiples by fiscal year
At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$20.81$25.22$41.82$43.34$70.29$136.43$186.35$160.64$272.37$300.46$312.58$329.51
Market value$6.5bn$7.3bn$11.7bn$12.2bn$19.7bn$38.2bn$52.0bn$44.2bn$74.3bn$82.3bn$85.4bn$90.5bn
+ Net debt (− = net cash)−$273m$228m$41m−$88m−$359m−$582m−$741m−$134m−$708m−$168m−$501m$1.2bn
Enterprise value$6.2bn$7.6bn$11.8bn$12.1bn$19.4bn$37.6bn$51.2bn$44.0bn$73.6bn$82.1bn$84.9bn$91.6bn
Multiples
Price / sales 3.8x4.0x6.0x5.7x8.4x14.2x17.4x12.4x18.2x17.7x16.1x14.8x
Price / earnings 25.7x36.2x57.4x35.2x19.9x64.6x74.7x52.0x71.4x78.0x77.0x65.5x
Price / free cash flow 19.5x18.8x28.4x22.4x30.1x47.1x50.2x39.5x59.6x73.6x53.8x51.3x
EV / EBITDA 15.4x20.8x26.8x23.5x31.5x47.5x55.6x36.5x52.7x53.1x49.4x42.5x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

69 /100

Moderate moat

How hard Cadence Design Systems's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Net income has been a median 13.6% of total assets over 10 years.

  • Durability 17 / 20

    Operating margin has been a median 27.0%; its worst year was 15.5%.

  • Cash conversion 20 / 20

    Free cash flow was positive in 10 of 10 years, at a median 28.6% of revenue.

  • Discipline 10 / 20

    The diluted share count fell 1.7% over five years; stock-based pay has been a median 7.7% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (84 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Cadence Design Systems Inc: consensus estimates
Fiscal yearEPSGrowthRevenueGrowth
Current $4.84 +19% $6.4bn +21%
Next $9.83 +17% $7.3bn +14%

Next year's EPS estimate has moved +3.2% in 90 days, across 25 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +1.0% on 90 days ago. In the last 30 days, 1 analyst raised Cadence Design Systems Inc's forecast and 0 cut it.

Consensus EPS forecast Cadence Design Systems Inc, last 90 days
$4.00 $6.00 $8.00 $10.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $4.79 Current fiscal year, 60 days ago: $4.81 Current fiscal year, 30 days ago: $4.81 Current fiscal year, 7 days ago: $4.81 Current fiscal year, Now: $4.84 $4.84 Next fiscal year, 90 days ago: $9.53 Next fiscal year, 60 days ago: $9.54 Next fiscal year, 30 days ago: $9.56 Next fiscal year, 7 days ago: $9.57 Next fiscal year, Now: $9.83 $9.83

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $4.79$9.53
60 days ago $4.81$9.54
30 days ago $4.81$9.56
7 days ago $4.81$9.57
Now $4.84$9.83

Earnings against estimates

Cadence Design Systems Inc: reported EPS against the consensus estimate
Quarter toEstimateActualSurprise
Sept 2026 $2.05 $2.11 +2.8%
Jun 2026 $2.06 $2.11 +2.7%
Mar 2026 $1.89 $1.96 +4.0%
Dec 2025 $1.91 $1.99 +4.1%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 26, 2026
  • Revenue Growth Outlook fiscal year 2026 about 21% growth Raised
    “Raising 2026 Revenue Growth Outlook to 21% and Non-GAAP EPS to $8.40” source
  • Revenue fiscal year 2026 $6.387bn to $6.417bn Raised
    “Revenue in the range of $6.387 billion to $6.417 billion” source
  • Revenue Q4 2026 $1.695bn to $1.725bn New
    “Revenue: $1.695 billion - $1.725 billion” source
  • Non-GAAP EPS fiscal year 2026 about $8.40 Non-GAAP Raised
    “Raising 2026 Revenue Growth Outlook to 21% and Non-GAAP EPS to $8.40” source
  • GAAP diluted net income per share fiscal year 2026 $4.84 to $4.90 GAAP Raised
    “GAAP diluted net income per share in the range of $4.84 to $4.90” source
  • Non-GAAP diluted net income per share fiscal year 2026 $8.37 to $8.43 Non-GAAP Raised
    “Non-GAAP diluted net income per share in the range of $8.37 to $8.43” source
Show 10 more items
  • GAAP EPS Q4 2026 $1.23 to $1.29 GAAP New
    “GAAP EPS: $1.23 - $1.29” source
  • Non-GAAP EPS Q4 2026 $2.19 to $2.25 Non-GAAP New
    “Non-GAAP EPS: $2.19 - $2.25” source
  • GAAP operating margin fiscal year 2026 28.2% to 29.2% GAAP Raised
    “GAAP operating margin in the range of 28.2% to 29.2%” source
  • Non-GAAP operating margin fiscal year 2026 44.2% to 45.2% Non-GAAP Raised
    “Non-GAAP operating margin in the range of 44.2% to 45.2%” source
  • GAAP operating margin Q4 2026 30% to 31% GAAP New
    “GAAP operating margin: 30% - 31%” source
  • Non-GAAP operating margin Q4 2026 44% to 45% Non-GAAP New
    “Non-GAAP operating margin: 44% - 45%” source
  • Capital Expenditures fiscal year 2026 about $240m Maintained
    “Capital Expenditures ($ Millions) $ 142 ~$240 ~$240” source
  • Cash Flow from Operations fiscal year 2026 about $2,000m Maintained
    “Cash Flow from Operations ($ Millions) $ 1,729 ~$2,000 ~$2,000” source
  • GAAP Tax Rate fiscal year 2026 about 27% GAAP Raised
    “GAAP Tax Rate 27.1% ~26% ~27%” source
  • Non-GAAP Tax Rate fiscal year 2026 about 16.5% Non-GAAP Maintained
    “Non-GAAP Tax Rate 16.5% 16.5% 16.5%” source

How earlier guidance turned out

  • Net income on a GAAP basis, Three Months Ending September 30, 2026 guided $308m to $324m Below range: $290m
  • GAAP EPS, Q3 2026 guided $1.11 to $1.17 Below range: $1.05
  • GAAP operating margin, Q3 2026 guided 27.5% to 28.5% Below range: 26.248277%
  • Revenue, Q3 2026 guided $1.595bn to $1.625bn Above range: $1.633311bn

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Cadence Design Systems Inc's revenue by +15.9% next year and +15.8% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+15.7%, weight 46%) , management guidance (+15.5%, weight 32%) and the company's own record (+16.9%, weight 22%) . How the weights are set.

Analyst recommendations

25 analysts, Oct 2026
Buy2392%
Hold28%
Sell00%

Monthly trend

  1. Oct 2026518225
  2. Sep 2026518225
  3. Aug 2026517325
  4. Jul 2026517325

Counts of recommendations published by analysts covering Cadence Design Systems Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
2.0%
of tradable shares
Days to cover
2.3
at average volume
Short interest, 1 month
+28%
to October 15, 2026
Held by institutions
91%
of shares
Held by insiders
0.3%
of shares
Employees
13,800
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −2.7%

$338.69 on October 31, 2025 to $329.51

Cadence Design Systems Inc: share-price change split into its parts
PartThenNowEffect
Revenue (last 12 months) $5.1bn $5.8bn +14.7%
Net margin 19.9% 23.6% +18.7%
P/E multiple 91.6x 65.6x −28.4%
Share count 274m 274m −0.2%

Biggest factor: p/e multiple.

Last 3 years +32.0%

$249.54 on November 3, 2023 to $329.51

Cadence Design Systems Inc: share-price change split into its parts
PartThenNowEffect
Revenue (last 12 months) $3.8bn $5.8bn +53.6%
Net margin 23.4% 23.6% +0.8%
P/E multiple 76.7x 65.6x −14.6%
Share count 274m 274m −0.2%

Biggest factor: revenue.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Cadence Design Systems Inc: yearly return, monthly win rate and worst fall against the S&P 500
Calendar year 202120222023202420252026 to date
Return
CDNS+37%−14%+70%+10%+4%+5%
Industry peers (median)−8%−50%+19%+2%−21%−14%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
CDNS58%33%67%75%50%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
CDNS−19%−28%−10%−24%−29%−34%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 34% from June 2, 2026 to September 15, 2026. Getting back needed a 52% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$265.66 – $416.39
From 52-week high
−20.9%
vs 50-day average
+2.7%
vs 200-day average
+0.6%
Volatility (1 year)
41%
Beta vs S&P 500
1.61

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
8 up, 4 down
typical move ±4.9%
After a week
7 up, 5 down
typical move ±6.4%
After a month
6 up, 5 down
typical move ±6.6%
Cadence Design Systems Inc: share-price change after each results release
Results releasedNext dayS&P 500 next day5 days21 days
October 26, 2026 +8.4% +1.3% +4.1% —
July 27, 2026 +5.7% +0.3% +3.0% +1.7%
April 27, 2026 −2.3% −0.3% +5.0% +12.4%
February 17, 2026 +1.9% +0.7% −2.9% −3.3%
October 27, 2025 −1.1% +1.4% −2.8% −12.0%
July 28, 2025 +10.3% −0.3% +9.8% +3.6%
April 28, 2025 +4.3% +0.7% +6.6% −0.4%
February 18, 2025 −7.2% +0.5% −15.7% −12.4%
October 28, 2024 +10.6% +0.5% +12.5% +20.5%
July 22, 2024 +1.1% +0.9% −7.5% +0.5%
April 22, 2024 +0.5% +2.1% +0.8% +3.5%
February 12, 2024 −5.6% −1.4% −6.4% −1.8%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Cadence Design Systems Inc’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Implied vs realised volatility

Options look fairly priced

Implied volatility is within its normal range against realised. Selling options earns the usual premium, nothing extra.

  • Implied is 1.24× the last 60 days’ realised volatility , richer than 63% of the 229 stocks we screen today.
  • Why: implied is not far enough above realised, or not unusual against our coverage.

Our rule for “rich”: implied at least 1.2× 60-day realised (beyond measurement noise), above 1-year realised (not just a calm spell), and in the top 20% of our coverage that day. Never with results inside the option’s life. These are our conventions, built on research showing option prices usually imply more movement than follows, most when the gap is wide. How we judge this.

Cash-secured put

Not offered: rated Sell.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

CDNS Cadence Design Systems Inc Grade B+ $330.62

Own 100 shares, sell the $340 call expiring November 27, 2026 (25 days) for $11.20 a share — $1,120 per contract.

Previous session · Bid $11.20, ask $14.20, quoted Mon 2 Nov, 17:18 New York time with CDNS at $330.62. Option prices move with the shares: check the live chain at your broker before trading.

  • If CDNS ends below $340: you keep your shares and the $1,120 — 3.4% extra on the position, 49.5% a year at that pace.
  • If it ends above $340: your shares are sold at $340, a total return of 6.2% including the premium — at or above our value of ~$160.
$2.1k $0 −$6.4k Break-even $319.42 Price $330.62 ← Our value ~$160
Profit or loss per contract at expiry, by share price (including the shares bought at today's price).
Premium
$1,120
Annualised
49.5%
Break-even
$319.42
Max gain
$2,058
Chance of selling
~46%

Collar

Own the shares, buy the $300 put and sell the $350 call, both expiring December 18, 2026 (46 days).

  • Net credit of $1.50 a share ($150 per contract of 100 shares).
  • Worst case at expiry: -8.8%, if the shares fall below $300 (-9.3% from today).
  • Best case at expiry: +6.3%, if the shares rise above $350 (+5.9%); gains beyond that go to the call buyer.

Offered because the shares trade at or above our fair value of $160: a way to hold on with a floor under the price, paid for by giving up upside the model does not expect. Strikes near 25-delta; the put at its ask and the call at its bid. Protection has a cost over time: research on protective puts finds they have usually lowered returns.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Cadence Design Systems Inc in five measures

Fundamentals grade B+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Cadence Design Systems Inc
$4B $5B $6B $7B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $4.1B Revenue (TTM), FY24 Q1: $4.1B Revenue (TTM), FY24 Q2: $4.2B Revenue (TTM), FY24 Q3: $4.4B Revenue (TTM), FY24 Q4: $4.6B Revenue (TTM), FY25 Q1: $4.9B Revenue (TTM), FY25 Q2: $5.1B Revenue (TTM), FY25 Q3: $5.2B Revenue (TTM), FY25 Q4: $5.3B Revenue (TTM), FY26 Q1: $5.5B Revenue (TTM), FY26 Q2: $5.8B Revenue (TTM), FY26 Q3: $6.1B $6.1B

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $4.1B
FY24 Q1 $4.1B
FY24 Q2 $4.2B
FY24 Q3 $4.4B
FY24 Q4 $4.6B
FY25 Q1 $4.9B
FY25 Q2 $5.1B
FY25 Q3 $5.2B
FY25 Q4 $5.3B
FY26 Q1 $5.5B
FY26 Q2 $5.8B
FY26 Q3 $6.1B
Revenue growth, TTM YoY Cadence Design Systems Inc
5% 10% 15% 20% 25% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 14.8% Revenue growth, TTM YoY, FY24 Q1: 10.7% Revenue growth, TTM YoY, FY24 Q2: 9.5% Revenue growth, TTM YoY, FY24 Q3: 11.0% Revenue growth, TTM YoY, FY24 Q4: 13.5% Revenue growth, TTM YoY, FY25 Q1: 19.5% Revenue growth, TTM YoY, FY25 Q2: 22.3% Revenue growth, TTM YoY, FY25 Q3: 19.7% Revenue growth, TTM YoY, FY25 Q4: 14.1% Revenue growth, TTM YoY, FY26 Q1: 13.4% Revenue growth, TTM YoY, FY26 Q2: 14.7% Revenue growth, TTM YoY, FY26 Q3: 17.6% 17.6%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 14.8%
FY24 Q1 10.7%
FY24 Q2 9.5%
FY24 Q3 11.0%
FY24 Q4 13.5%
FY25 Q1 19.5%
FY25 Q2 22.3%
FY25 Q3 19.7%
FY25 Q4 14.1%
FY26 Q1 13.4%
FY26 Q2 14.7%
FY26 Q3 17.6%
Operating margin (TTM) Cadence Design Systems Inc
27% 28% 29% 30% 31% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 30.6% Operating margin (TTM), FY24 Q1: 28.9% Operating margin (TTM), FY24 Q2: 28.2% Operating margin (TTM), FY24 Q3: 28.3% Operating margin (TTM), FY24 Q4: 29.1% Operating margin (TTM), FY25 Q1: 30.0% Operating margin (TTM), FY25 Q2: 27.7% Operating margin (TTM), FY25 Q3: 28.5% Operating margin (TTM), FY25 Q4: 28.2% Operating margin (TTM), FY26 Q1: 28.3% Operating margin (TTM), FY26 Q2: 30.3% Operating margin (TTM), FY26 Q3: 28.9% 28.9%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 30.6%
FY24 Q1 28.9%
FY24 Q2 28.2%
FY24 Q3 28.3%
FY24 Q4 29.1%
FY25 Q1 30.0%
FY25 Q2 27.7%
FY25 Q3 28.5%
FY25 Q4 28.2%
FY26 Q1 28.3%
FY26 Q2 30.3%
FY26 Q3 28.9%
FCF margin (TTM) Cadence Design Systems Inc
20% 25% 30% 35% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 30.5% FCF margin (TTM), FY24 Q1: 29.7% FCF margin (TTM), FY24 Q2: 22.7% FCF margin (TTM), FY24 Q3: 21.9% FCF margin (TTM), FY24 Q4: 24.1% FCF margin (TTM), FY25 Q1: 28.3% FCF margin (TTM), FY25 Q2: 31.1% FCF margin (TTM), FY25 Q3: 28.4% FCF margin (TTM), FY25 Q4: 30.0% FCF margin (TTM), FY26 Q1: 25.9% FCF margin (TTM), FY26 Q2: 28.8% FCF margin (TTM), FY26 Q3: 28.8% 28.8%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 30.5%
FY24 Q1 29.7%
FY24 Q2 22.7%
FY24 Q3 21.9%
FY24 Q4 24.1%
FY25 Q1 28.3%
FY25 Q2 31.1%
FY25 Q3 28.4%
FY25 Q4 30.0%
FY26 Q1 25.9%
FY26 Q2 28.8%
FY26 Q3 28.8%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Cadence Design Systems took in during FY2025, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $5.3B
  2. Other income $30M · 0.6%
  3. Research and development $1.8B · 33.4%
  4. Selling, general and admin $1.1B · 21.1%
  5. Other operating costs $920M · 17.4%
  6. Operating income $1.5B · 28.2%
  7. Income tax $413M · 7.8%
  8. Net income $1.1B · 20.9%
Where Cadence Design Systems's revenue went, FY2025
Revenue $5.3B
Other income $30M 0.6% of revenue
Research and development $1.8B 33.4% of revenue
Selling, general and admin $1.1B 21.1% of revenue
Other operating costs $920M 17.4% of revenue
Operating income $1.5B 28.2% of revenue
Income tax $413M 7.8% of revenue
Net income $1.1B 20.9% of revenue

Shares of revenue. Source: Cadence Design Systems's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained. Other income is income outside operations, such as investment gains.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Cadence Design Systems Inc: annual financial statements
Fiscal year 2009 Jan 2010 2010 Jan 2011 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Jan 2015 2015 Jan 2016 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Jan 2021 2021 Jan 2022 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 853 936 1,150 1,326 1,460 1,581 1,702 1,816 1,943 2,138 2,336 2,683 2,988 3,562 4,090 4,641 5,297 6,132
EBITDA −30 59 212 301 287 322 404 364 439 515 615 791 921 1,206 1,397 1,548 1,720 2,158
Operating income −124 −29 120 212 189 207 285 245 324 396 492 646 779 1,074 1,251 1,351 1,492 1,774
Net income −150 127 72 440 164 159 252 203 204 346 989 591 696 849 1,041 1,055 1,109 1,381
Diluted EPS −$0.58 $0.48 $0.27 $1.57 $0.56 $0.52 $0.81 $0.70 $0.73 $1.23 $3.53 $2.11 $2.50 $3.09 $3.82 $3.85 $4.06 $5.03
Growth (year on year)
Revenue −17.9% +9.8% +22.9% +15.4% +10.1% +8.3% +7.7% +6.7% +7.0% +10.0% +9.3% +14.8% +11.4% +19.2% +14.8% +13.5% +14.1% +17.6%
EBITDA — — +257.1% +41.9% −4.5% +12.2% +25.2% −9.7% +20.6% +17.2% +19.4% +28.7% +16.5% +30.9% +15.8% +10.8% +11.1% +26.7%
Operating income — — — +75.8% −10.7% +9.3% +38.1% −14.2% +32.3% +22.3% +24.1% +31.3% +20.7% +37.8% +16.5% +8.0% +10.5% +19.4%
Net income — — −42.9% +509.1% −62.7% −3.3% +58.9% −19.5% +0.5% +69.4% +186.0% −40.3% +17.8% +22.0% +22.6% +1.4% +5.1% +30.1%
Diluted EPS — — −43.8% +481.5% −64.3% −7.1% +55.8% −13.6% +4.3% +68.5% +187.0% −40.2% +18.5% +23.6% +23.6% +0.8% +5.5% +29.7%
Margins
EBITDA margin −3.6% 6.3% 18.4% 22.7% 19.7% 20.4% 23.7% 20.1% 22.6% 24.1% 26.3% 29.5% 30.8% 33.9% 34.1% 33.3% 32.5% 35.2%
Operating margin −14.5% −3.1% 10.5% 16.0% 12.9% 13.1% 16.8% 13.5% 16.7% 18.5% 21.1% 24.1% 26.1% 30.1% 30.6% 29.1% 28.2% 28.9%
Net margin −17.6% 13.5% 6.3% 33.2% 11.2% 10.1% 14.8% 11.2% 10.5% 16.2% 42.3% 22.0% 23.3% 23.8% 25.5% 22.7% 20.9% 22.5%
Free-cash-flow margin −1.8% 17.6% 18.2% 21.1% 22.1% 17.5% 19.6% 21.5% 21.2% 25.4% 28.0% 30.2% 34.7% 31.4% 30.5% 24.1% 30.0% 28.8%
Cash flow
Cash from operations 26 199 240 316 368 317 378 445 471 605 730 905 1,101 1,242 1,349 1,261 1,729 1,968
Capital spending 41 35 31 36 45 40 45 54 58 62 75 95 65 123 102 143 142 204
Free cash flow −16 164 209 280 323 277 333 391 413 543 655 810 1,036 1,119 1,247 1,118 1,587 1,764
Stock-based pay 55 43 44 48 66 84 92 109 130 168 182 197 210 270 326 391 455 543
Free cash flow after stock pay −70 121 165 232 256 193 241 282 283 376 473 613 826 848 921 727 1,132 1,221
Balance sheet
Cash 569 557 602 726 536 932 617 465 688 533 705 928 1,089 882 1,008 2,644 3,001 1,452
Total debt 436 550 426 447 325 691 343 693 729 445 346 347 348 748 300 2,476 2,500 2,633
Net debt (negative = net cash) −133 −8 −176 −279 −211 −241 −273 228 41 −88 −359 −582 −741 −134 −708 −168 −501 1,181
Diluted shares 258m 266m 271m 281m 295m 307m 312m 291m 280m 281m 281m 280m 279m 275m 273m 274m 273m 275m
Returned to shareholders
Buybacks — 40 0 0 0 100 333 960 100 250 306 380 612 1,050 700 550 925 1,000
Total returned — 40 0 0 0 100 333 960 100 250 306 380 612 1,050 700 550 925 1,000

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

4 of 6 checks passed · September 30, 2026
What it owns · $12.2bn
Short-term assets $3.4bnLonger-term assets $8.9bn
What it owes, and who funded it · $9.3bn
Short-term liabilities $2.5bnShareholders' equity $6.9bn
  • Short-term assets cover short-term liabilities $3.4bn of assets due within a year against $2.5bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $1.5bn of cash against $2.5bn of debt.
  • Debt below 40% of shareholders' equity Debt is 36% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 13% to 36% over five years.
  • A year's operating cash flow covers at least 20% of debt $2.0bn of operating cash flow against $2.5bn of debt.
  • Operating profit covers interest at least five times over Operating income of $1.8bn against $127m of interest.

From Cadence Design Systems Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$1B
Returned to shareholders
57%
of free cash flow
Buybacks, last 3 fiscal years
$2.2B
Diluted share count
+0.3%
year over year
Total shareholder yield
1.1%
dividends 0.0% + buybacks 1.1% of market value
R&D spending
33.3%
of revenue

Competitors: side by side with peers

Closest by revenue in application software
Growth, margins and cash generation against peers
Last 12 months unless stated CDNS SSNC TEAM TOST SNOW PLTR Median
Revenue, last 12 months $6.1bn $6.6bn $6.6bn $6.8bn $5.4bn $7.3bn $482m
Revenue growth, last 12 months 17.6% 8.6% 26.0% 23.0% 32.0% 87.1% 12.0%
Revenue growth, 3-year average 16.1% 6.8% 23.0% 27.1% 30.5% 50.8% 11.1%
Revenue growth, latest quarter 22.0% 10.3% 27.6% 23.1% 35.1% 95.9% 11.9%
Gross margin — 48.1% 84.8% 26.7% 67.0% 84.7% 69.2%
Operating margin 28.9% 23.6% 0.2% 6.3% −22.8% 45.6% 1.1%
Operating margin, 3-year average 28.6% 23.2% −1.7% 2.0% −32.9% 27.1% −0.8%
Net margin 22.5% 13.2% −0.8% 7.1% −20.1% 50.3% 2.1%
Cash from operations / revenue 32.1% 27.7% 20.6% 9.3% 23.1% 56.2% 18.2%
Free-cash-flow margin 28.8% 26.7% 20.1% 8.5% 22.0% 55.6% 15.0%
Free-cash-flow margin, 3-year average 26.3% 23.3% 26.6% 7.2% 22.2% 46.2% 16.2%
Stock pay / revenue 8.9% 4.1% 24.4% 3.4% 30.2% 13.5% 9.3%
Change in share count 0.3% −2.1% −0.6% −1.1% 2.9% 0.7% 2.2%

Median of all 185 companies we cover in application software. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

185 application software companies
Measures ranked against peers
Measure Company Peer median Rank
Revenue growth Growth 17.6% 12.0% 67 of 184
Change in growth rate Growth +2.9pp +0.2pp 45 of 184
Operating margin Profitability 28.9% 1.1% 13 of 181
Net margin Profitability 22.5% 2.1% 21 of 185
Free-cash-flow margin Cash generation 28.8% 15.2% 32 of 180
Stock pay as % of revenue Cash generation 8.9% 9.3% 86 of 177
Long-term debt as % of assets Balance sheet 16.2% 16.9% 49 of 98
Change in share count Balance sheet 0.3% 1.7% 67 of 163

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Productandmaintenance $4.8B 91.0% ▲ 14.4%
Technology services $475M 9.0% ▲ 11.1%
Geography
Region Revenue Share YoY
Americas $2.5B 46.8% ▲ 10.1%
United States (part of Americas) $2.3B 93.2% ▲ 7.0%
Other America (part of Americas) $168M 6.8% ▲ 80.8%
Asia $1.7B 31.8% ▲ 17.9%
Other Asia (part of Asia) $1B 59.7% ▲ 17.4%
China (part of Asia) $680M 40.3% ▲ 18.6%
EMEA $791M 14.9% ▲ 13.1%
Japan $342M 6.5% ▲ 31.3%

From Cadence Design Systems Inc's 10-K filed February 19, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Reported value
$90.7B
Institutions reporting
1,497
Shares held vs prior quarter
▲ 2.7%
Positions opened / closed
196 / 99

Top buyers and sellers, Q2 2026: 811 institutions bought and 620 sold ; the biggest buyer was Jpmorgan Chase & Co (+1.3M shares) and the biggest seller Jennison Associates LLC (−1.3M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $10B 26.7M 11.0% ▲ 4.7%
Vanguard Capital Management LLC $6.8B 18.0M 7.5% ▲ 1.1%
State Street Corp $4.9B 13.0M 5.4% ▲ 4.3%
FMR LLC $3.6B 9.6M 4.0% ▲ 4.4%
Invesco Ltd. $3.4B 9.0M 3.7% ▲ 1.9%
Jpmorgan Chase & Co $2.9B 7.9M 3.2% ▲ 20.2%
Geode Capital Management, LLC $2.7B 7.2M 3.0% ▼ 8.8%
Vanguard Portfolio Management LLC $2.6B 7.0M 2.9% ▼ 1.0%
Van Eck Associates Corp $1.8B 4.9M 2.0% ▲ 21.8%
Capital International Investors $1.8B 4.9M 2.0% ▲ 23.6%
Wellington Management Group LLP $1.8B 4.9M 2.0% ▼ 0.4%
Jennison Associates LLC $1.7B 4.5M 1.9% ▼ 21.8%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Cadence Design Systems Inc's complete shareholder register. Values are as reported by the filers ; 4 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Recent insider open-market transactions
Insider Date Trade Shares Price Value
Cunningham Paul Sr. Vice President October 15, 2026 Sell pre-set plan 2,000 $324.13 $648,260
Sangiovanni Vincentelli Alberto Director October 1, 2026 Sell pre-set plan 1,250 $350.07 $437,590
Cunningham Paul Sr. Vice President September 15, 2026 Sell pre-set plan 2,000 $277.12 $554,240
Brennan Ita M Director September 10, 2026 Sell pre-set plan 6 $287.79 $1,727
Brennan Ita M Director September 10, 2026 Sell pre-set plan 14 $286.47 $4,011
Brennan Ita M Director September 10, 2026 Sell pre-set plan 127 $285.58 $36,268
Brennan Ita M Director September 10, 2026 Sell pre-set plan 33 $284.44 $9,386
Scannell Paul Sr. Vice President August 26, 2026 Sell pre-set plan 280 $339.00 $94,920
Sangiovanni Vincentelli Alberto Director August 25, 2026 Sell pre-set plan 41 $324.66 $13,311
Sangiovanni Vincentelli Alberto Director August 25, 2026 Sell pre-set plan 309 $323.54 $99,974
Sangiovanni Vincentelli Alberto Director August 25, 2026 Sell pre-set plan 380 $321.16 $122,042
Sangiovanni Vincentelli Alberto Director August 25, 2026 Sell pre-set plan 240 $319.31 $76,634

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 32 trades and filings

In the last 12 months, 2 members of Congress disclosed 0 purchases and 4 sales of Cadence Design Systems Inc shares.

  • Kevin Hern(R-OK 1):Sale (partial), $15,001 - $50,000, traded September 14, 2026, filed September 25, 2026
  • Kevin Hern(R-OK 1):Sale (partial), $15,001 - $50,000, traded September 2, 2026, filed September 25, 2026
  • Byron Donalds(R-FL 19):Sale (partial), $1,001 - $15,000, traded June 5, 2026, filed July 15, 2026

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 25, 2027 estimated from the company's past filing pattern, not announced

  • October 26, 2026
  • July 27, 2026
  • April 27, 2026
  • February 17, 2026
  • October 27, 2025
  • July 28, 2025

Recent SEC filings

Data status

When each part of this page on Cadence Design Systems Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Cadence Design Systems Inc in brief

What does Cadence Design Systems Inc do?
Cadence Design Systems Inc is a US-listed company in the application software industry. Its financial year ends in December.
What is Cadence Design Systems Inc's stock ticker?
Cadence Design Systems Inc trades under the ticker CDNS on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Cadence Design Systems Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Cadence Design Systems Inc reported revenue of $6.1B, 17.6% higher than a year earlier, according to its SEC filings.
What is Cadence Design Systems Inc's free cash flow?
Cadence Design Systems Inc's free-cash-flow margin is 28.8% of revenue over the trailing twelve months, ranking 32 of the 180 application software companies we cover.
What is Cadence Design Systems Inc's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Cadence Design Systems Inc's free cash flow after stock-based pay gives ~$160 per share in the base case, and ~$120–$210 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Cadence Design Systems Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and State Street Corp. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Cadence Design Systems Inc buying back stock, and does it pay a dividend?
Cadence Design Systems Inc spent $1B on share repurchases over the trailing twelve months, and its diluted share count still rose 0.3% over the year.
What is Cadence Design Systems Inc's market cap?
On November 2, 2026, Cadence Design Systems Inc's market capitalisation was about $90.5B, with a price-to-earnings ratio of 65.5 and net debt of $1.2B. Market figures come from third-party market data and may be delayed.
How much debt does Cadence Design Systems Inc have?
Cadence Design Systems Inc's debt-to-equity ratio is 36.1%, from its latest balance sheet (12.6% five years earlier). The financial health section below sets out its other solvency checks.
Who are Cadence Design Systems Inc's competitors?
In our Application Software peer group, the companies closest to Cadence Design Systems Inc are SS&C Technologies Holdings Inc, Atlassian Corp, Toast, Inc., Snowflake Inc. and Palantir Technologies Inc. The side-by-side comparison below sets their revenue, margins and growth against Cadence Design Systems Inc's.
Are insiders buying or selling Cadence Design Systems Inc stock?
Over the last 12 months, Cadence Design Systems Inc's directors and officers reported 0 open-market purchases and 116 sales on Form 4. The insider trading page charts every trade.
When is Cadence Design Systems Inc's next earnings date?
Around January 25, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Cadence Design Systems Inc announces its own schedule.