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Robotics·CDNS
Cadence Design Systems, Inc.
NASDAQ · US
EDA and simulation software supplier for semiconductor and systems design.
AI relevance
Design and simulation tool exposure for robotics chips, digital twins, and embedded control hardware.
Price
$377.37
Change
-1.69 (-0.45%)
Market cap
$104.1B
52w range
$263–$417
Exchange
NASDAQ
Country
US
Jason's Chips
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Price chart
CDNS market performance
Daily close for Cadence Design Systems, Inc.
- Latest close
- $377.0
- Range move
- +$80.23 (+27.0%)
- Range high
- $416.4
- Range low
- $265.7
- Latest volume
- 557.0K
- Source
- FMP EOD
Downloads
CSVExports
Download statements, ratios, chart data, and transcript indexes.
Income statement
12 annual rowsRevenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.
Balance sheet
12 annual rowsCash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.
Cash flow
12 annual rowsOperating cash flow, capital expenditures, and free cash flow.
Key metrics
12 annual rowsEnterprise value, valuation multiples, returns, yields, and cash conversion.
Ratios
12 annual rowsMargins, liquidity ratios, valuation ratios, leverage, and per-share metrics.
Chart data
1255 rowsFive years of daily close and volume data powering the company chart.
Transcript list
73 rowsAvailable earnings-call transcript dates by fiscal year and quarter.
StreetBuy
Analyst expectations
Rating consensus31 ratings
Strong buy
0
Buy
26
Hold
4
Sell
1
Strong sell
0
Annual estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-12-31 | $6.21B | $6.18B - $6.24B | $7.94 | $7.90 - $8.00 | $2.53B | $2.24B | $2.17B | $1.43B | 19 rev / 11 EPS |
| 2027-12-31 | $7.01B | $6.79B - $7.26B | $9.37 | $8.78 - $9.79 | $2.85B | $2.53B | $2.54B | $1.61B | 18 rev / 14 EPS |
| 2028-12-31 | $7.96B | $7.96B - $7.96B | $10.94 | $8.58 - $13.27 | $3.24B | $2.87B | $2.99B | $1.83B | 12 rev / 7 EPS |
| 2029-12-31 | $8.48B | $8.30B - $8.72B | $11.30 | $10.99 - $11.70 | $3.45B | $3.06B | $3.09B | $1.95B | 11 rev / 2 EPS |
| 2030-12-31 | $8.83B | $8.64B - $9.07B | $11.15 | $10.84 - $11.55 | $3.59B | $3.19B | $3.05B | $2.03B | 6 rev / 5 EPS |
Quarterly estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | $1.58B | $1.56B - $1.59B | $2.05 | $2.02 - $2.08 | $641.6M | $569.0M | $562.2M | $362.4M | 12 rev / 13 EPS |
| 2026-09-30 | $1.55B | $1.52B - $1.58B | $1.92 | $1.84 - $2.02 | $629.9M | $558.7M | $526.0M | $355.8M | 12 rev / 12 EPS |
| 2026-12-31 | $1.60B | $1.57B - $1.63B | $1.99 | $1.94 - $2.04 | $651.7M | $577.9M | $545.7M | $368.1M | 11 rev / 10 EPS |
| 2027-03-31 | $1.64B | $1.61B - $1.67B | $2.13 | $2.08 - $2.18 | $667.4M | $591.9M | $584.1M | $377.0M | 6 rev / 5 EPS |
| 2027-06-30 | $1.71B | $1.67B - $1.74B | $2.27 | $2.21 - $2.32 | $695.0M | $616.4M | $620.2M | $392.6M | 6 rev / 5 EPS |
| 2027-09-30 | $1.76B | $1.72B - $1.79B | $2.35 | $2.29 - $2.40 | $715.5M | $634.6M | $642.4M | $404.1M | 6 rev / 5 EPS |
| 2027-12-31 | $1.86B | $1.82B - $1.89B | $2.56 | $2.50 - $2.62 | $755.9M | $670.4M | $701.8M | $427.0M | 6 rev / 5 EPS |
| 2028-03-31 | $1.82B | $1.78B - $1.85B | $2.42 | $2.36 - $2.48 | $739.2M | $655.5M | $663.7M | $417.5M | 6 rev / 7 EPS |
Price target history
| Window | Targets | Average target |
|---|---|---|
| Last month | 3 | $432.33 |
| Last quarter | 5 | $421.40 |
| Last year | 16 | $393.44 |
| All time | 42 | $323.67 |
Sources: TheFly, StreetInsider, Benzinga, Pulse 2.0
Latest grade actions
| Date | Firm | Action | Previous | New |
|---|---|---|---|---|
| 2026-06-09 | Stifel | Maintain | Buy | Buy |
| 2026-05-26 | Wells Fargo | Maintain | Overweight | Overweight |
| 2026-04-29 | Citigroup | Maintain | Buy | Buy |
| 2026-04-28 | Needham | Maintain | Buy | Buy |
| 2026-04-28 | Piper Sandler | Maintain | Neutral | Neutral |
| 2026-04-28 | Wells Fargo | Maintain | Overweight | Overweight |
| 2026-04-28 | Keybanc | Maintain | Overweight | Overweight |
| 2026-04-28 | Rosenblatt | Maintain | Buy | Buy |
Historical rating snapshots
| Date | Strong buy | Buy | Hold | Sell | Strong sell |
|---|---|---|---|---|---|
| 2026-06-01 | 5 | 17 | 3 | 0 | 1 |
| 2026-05-01 | 5 | 18 | 3 | 0 | 0 |
| 2026-04-01 | 6 | 18 | 3 | 0 | 0 |
| 2026-03-01 | 5 | 18 | 3 | 0 | 0 |
| 2026-02-01 | 6 | 18 | 5 | 0 | 0 |
| 2026-01-01 | 5 | 16 | 5 | 0 | 0 |
| 2025-12-01 | 5 | 16 | 5 | 1 | 0 |
| 2025-11-01 | 5 | 16 | 4 | 1 | 0 |
FinancialsFY 2025
Financials
Income statement annual
| Period | Revenue | Gross profit | Gross margin | R&D | Operating income | EBITDA | Net income | EPS |
|---|---|---|---|---|---|---|---|---|
| FY 2025 | $5.30B | $4.57B | 86.4% | $1.77B | $1.65B | $1.87B | $1.11B | $4.09 |
| FY 2024 | $4.64B | $3.99B | 86.0% | $1.55B | $1.35B | $1.67B | $1.06B | $3.89 |
| FY 2023 | $4.09B | $3.65B | 89.4% | $1.44B | $1.25B | $1.46B | $1.04B | $3.86 |
| FY 2022 | $3.56B | $3.19B | 89.6% | $1.25B | $1.07B | $1.20B | $849.0M | $3.13 |
| FY 2021 | $2.99B | $2.68B | 89.7% | $1.13B | $779.1M | $916.1M | $696.0M | $2.54 |
| FY 2020 | $2.68B | $2.38B | 88.6% | $1.03B | $645.6M | $803.6M | $590.6M | $2.16 |
| FY 2019 | $2.34B | $2.07B | 88.6% | $935.9M | $491.8M | $620.6M | $989.0M | $3.62 |
| FY 2018 | $2.14B | $1.88B | 87.9% | $884.8M | $396.2M | $526.0M | $345.8M | $1.26 |
| FY 2017 | $1.94B | $1.71B | 87.8% | $804.2M | $324.0M | $448.9M | $204.1M | $0.75 |
| FY 2016 | $1.82B | $1.56B | 85.9% | $735.3M | $244.9M | $406.5M | $203.1M | $0.71 |
| FY 2015 | $1.70B | $1.46B | 86.0% | $637.6M | $285.4M | $408.8M | $252.4M | $0.88 |
| FY 2014 | $1.58B | $1.36B | 85.8% | $603.0M | $206.6M | $332.5M | $158.9M | $0.56 |
Cash flow annual
| Period | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|
| FY 2025 | $1.73B | $141.9M | $1.59B |
| FY 2024 | $1.26B | $142.5M | $1.12B |
| FY 2023 | $1.35B | $102.3M | $1.25B |
| FY 2022 | $1.24B | $124.2M | $1.12B |
| FY 2021 | $1.10B | $66.9M | $1.03B |
| FY 2020 | $904.9M | $94.8M | $810.1M |
| FY 2019 | $729.6M | $74.6M | $655.0M |
| FY 2018 | $604.8M | $61.5M | $543.2M |
| FY 2017 | $470.7M | $57.9M | $412.8M |
| FY 2016 | $444.9M | $53.7M | $391.2M |
| FY 2015 | $378.2M | $44.8M | $333.4M |
| FY 2014 | $316.7M | $39.8M | $276.9M |
Balance sheet annual
| Period | Cash + ST inv. | Receivables | Inventory | PP&E | Assets | Debt | Net debt | Liabilities | Equity |
|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | $3.00B | $944.9M | $303.5M | $517.0M | $10.15B | $2.48B | -$521.2M | $4.68B | $5.47B |
| FY 2024 | $2.78B | $680.5M | $257.7M | $604.4M | $8.97B | $2.59B | -$59.0M | $4.30B | $4.67B |
| FY 2023 | $1.14B | $506.8M | $181.7M | $554.0M | $5.67B | $764.4M | -$243.7M | $2.27B | $3.40B |
| FY 2022 | $886.8M | $486.7M | $128.0M | $541.8M | $5.14B | $887.4M | $5.1M | $2.39B | $2.75B |
| FY 2021 | $1.09B | $344.4M | $115.7M | $436.0M | $4.39B | $454.7M | -$634.2M | $1.65B | $2.74B |
| FY 2020 | $928.4M | $348.2M | $76.0M | $444.5M | $3.95B | $460.7M | -$467.7M | $1.46B | $2.49B |
| FY 2019 | $705.2M | $304.5M | $55.8M | $376.2M | $3.36B | $430.8M | -$274.4M | $1.25B | $2.10B |
| FY 2018 | $533.3M | $297.1M | $28.2M | $252.6M | $2.47B | $445.3M | -$88.0M | $1.18B | $1.29B |
| FY 2017 | $692.5M | $190.4M | $33.2M | $251.3M | $2.42B | $729.4M | $41.3M | $1.43B | $989.2M |
| FY 2016 | $468.3M | $157.2M | $39.5M | $238.6M | $2.10B | $693.5M | $228.3M | $1.36B | $741.8M |
| FY 2015 | $711.2M | $164.8M | $56.8M | $228.6M | $2.35B | $348.8M | -$267.9M | $974.9M | $1.38B |
| FY 2014 | $1.02B | $122.5M | $56.4M | $230.1M | $3.21B | $691.2M | -$241.0M | $1.88B | $1.33B |
Annual ratios and key metrics
| Period | Gross margin | Op margin | Net margin | Current | Quick | ROE | ROIC | EV / sales | EV / EBITDA | FCF yield | R&D / rev. | Cash cycle |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | 86.4% | 31.1% | 20.9% | 2.9x | 2.7x | 20.3% | 14.1% | 15.9x | 45.0x | 1.9% | 33.4% | -215d |
| FY 2024 | 86.0% | 29.1% | 22.7% | 2.9x | 2.7x | 22.6% | 13.4% | 17.5x | 48.9x | 1.4% | 33.4% | 196d |
| FY 2023 | 89.4% | 30.6% | 25.5% | 1.2x | 1.1x | 30.6% | 23.0% | 17.9x | 50.0x | 1.7% | 35.3% | 121d |
| FY 2022 | 89.6% | 30.1% | 23.8% | 1.3x | 1.2x | 30.9% | 22.4% | 12.2x | 36.2x | 2.6% | 35.1% | 129d |
| FY 2021 | 89.7% | 26.1% | 23.3% | 1.8x | 1.6x | 25.4% | 20.7% | 16.8x | 54.9x | 2.0% | 38.0% | 180d |
| FY 2020 | 88.6% | 24.1% | 22.0% | 1.9x | 1.8x | 23.7% | 19.1% | 13.7x | 45.9x | 2.2% | 38.5% | 138d |
| FY 2019 | 88.6% | 21.1% | 42.3% | 1.7x | 1.7x | 47.0% | 18.3% | 8.0x | 30.1x | 3.5% | 40.1% | 124d |
| FY 2018 | 87.9% | 18.5% | 16.2% | 1.3x | 1.3x | 26.8% | 19.6% | 5.5x | 22.5x | 4.6% | 41.4% | 83d |
| FY 2017 | 87.8% | 16.7% | 10.5% | 1.5x | 1.5x | 20.6% | 11.3% | 5.9x | 25.4x | 3.6% | 41.4% | 79d |
| FY 2016 | 85.9% | 13.5% | 11.2% | 1.2x | 1.1x | 27.4% | 13.4% | 4.1x | 18.2x | 5.5% | 40.5% | 82d |
| FY 2015 | 86.0% | 16.8% | 14.8% | 1.8x | 1.7x | 18.3% | 14.8% | 3.4x | 14.0x | 5.6% | 37.5% | 84d |
| FY 2014 | 85.8% | 13.1% | 10.1% | 1.3x | 1.3x | 11.9% | 8.4% | 3.2x | 15.4x | 5.2% | 38.1% | 101d |
Annual growth
| Period | Revenue | Gross profit | R&D | Op income | Net income | EPS | FCF | Capex | Cash + ST inv. | Inventory | Assets | Debt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | +14.1% | +14.5% | +14.2% | +22.1% | +5.1% | +5.1% | +41.9% | +0.5% | +7.8% | +17.8% | +13.1% | -4.1% |
| FY 2024 | +13.5% | +9.3% | +7.4% | +8.0% | +1.4% | +0.8% | -10.3% | -39.1% | +144.6% | +41.9% | +58.3% | +238.2% |
| FY 2023 | +14.8% | +14.6% | +15.2% | +16.5% | +22.6% | +23.3% | +11.5% | +17.5% | +28.4% | +41.9% | +10.4% | -13.9% |
| FY 2022 | +19.2% | +19.0% | +10.3% | +37.8% | +22.0% | +23.2% | +8.1% | -85.7% | -18.6% | +10.6% | +17.1% | +95.2% |
| FY 2021 | +11.4% | +12.8% | +9.7% | +20.7% | +17.8% | +17.6% | +27.6% | +29.5% | +17.3% | +52.4% | +11.0% | -1.3% |
| FY 2020 | +14.8% | +14.9% | +10.4% | +31.3% | -40.3% | -40.3% | +23.7% | -27.1% | +31.7% | +36.1% | +17.7% | +6.9% |
| FY 2019 | +9.3% | +10.1% | +5.8% | +24.1% | +186.0% | +187.3% | +20.6% | -21.3% | +32.2% | +98.1% | +36.0% | -3.3% |
| FY 2018 | +10.0% | +10.2% | +10.0% | +22.3% | +69.4% | +68.0% | +31.6% | -6.2% | -23.0% | -15.2% | +2.1% | -38.9% |
| FY 2017 | +7.0% | +9.4% | +9.4% | +32.3% | +0.5% | +5.6% | +5.5% | -7.8% | +47.9% | -15.9% | +15.3% | +5.2% |
| FY 2016 | +6.7% | +6.6% | +15.3% | -14.2% | -19.5% | -19.3% | +17.3% | -19.9% | -34.2% | -30.5% | -10.8% | +98.8% |
| FY 2015 | +7.7% | +7.8% | +5.7% | +38.1% | +58.9% | +57.1% | +20.4% | -12.6% | -30.5% | +0.7% | -26.7% | -49.5% |
| FY 2014 | +8.3% | +7.7% | +12.9% | +9.3% | -3.3% | -5.1% | -14.2% | +11.4% | +61.5% | +12.3% | +32.2% | +112.8% |
SegmentsFY 2025
Revenue Mix
Latest product mixFY 2025 · $5.30B
Product and maintenance$4.82B · 91.0%
Technology Service$475.2M · 9.0%
Latest geography mixFY 2025 · $9.46B
Americas$2.48B · 26.2%
UNITED STATES$2.31B · 24.4%
Asia$1.69B · 17.8%
Other Asia$1.01B · 10.6%
EMEA$790.6M · 8.4%
CHINA$680.0M · 7.2%
JAPAN$341.7M · 3.6%
Other America$168.3M · 1.8%
Product revenue annual
| Period | Total | Product and maintenance | Technology Service |
|---|---|---|---|
| FY 2025 | $5.30B | $4.82B | $475.2M |
| FY 2024 | $4.64B | $4.21B | $427.8M |
| FY 2023 | $4.09B | $3.83B | $255.6M |
| FY 2022 | $3.56B | $3.34B | $221.5M |
| FY 2021 | $2.99B | $2.81B | $175.3M |
| FY 2020 | $2.68B | $2.54B | $146.3M |
| FY 2019 | $2.34B | $2.20B | $131.7M |
| FY 2018 | $2.14B | $2.00B | $140.1M |
Geography revenue annual
| Period | Total | Americas | Asia | EMEA | JAPAN | UNITED STATES | Other Asia | CHINA | Other America |
|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | $9.46B | $2.48B | $1.69B | $790.6M | $341.7M | $2.31B | $1.01B | $680.0M | $168.3M |
| FY 2024 | $4.64B | $2.25B | $1.43B | $699.2M | $260.2M | -- | -- | -- | -- |
| FY 2023 | $4.09B | $1.76B | $1.45B | $655.1M | $229.2M | -- | -- | -- | -- |
| FY 2022 | $3.56B | $1.63B | $1.15B | $582.4M | $197.3M | -- | -- | -- | -- |
| FY 2021 | $2.99B | $1.34B | $944.9M | $523.4M | $184.8M | -- | -- | -- | -- |
| FY 2020 | $2.68B | $1.14B | $894.0M | $469.8M | $179.2M | -- | -- | -- | -- |
| FY 2019 | $2.34B | $1.03B | $700.5M | $433.3M | $176.7M | -- | -- | -- | -- |
| FY 2018 | $1.18B | -- | $605.4M | $406.9M | $168.6M | -- | -- | -- | -- |
| FY 2017 | $1.08B | -- | $526.2M | $385.7M | $166.6M | -- | -- | -- | -- |
| FY 2016 | $952.2M | -- | $445.5M | $346.7M | $160.0M | -- | -- | -- | -- |
| FY 2015 | $893.7M | -- | $413.6M | $316.7M | $163.4M | -- | -- | -- | -- |
| FY 2014 | $861.0M | -- | $360.3M | $328.7M | $172.0M | -- | -- | -- | -- |
Transcripts73 on file
Transcripts
Events
Events
Next earnings
2026-07-27EPS est $2.05
Latest news
- Here's Why Cadence Design Systems (CDNS) Fell More Than Broader Market
Zacks Investment Research · 2026-06-23
- Cadence Design Systems: The Market Is Paying Up, But The Earnings Path Still Works
Seeking Alpha · 2026-06-23