Cadence Design Systems

Cadence Design Systems, Inc. engages in the design and development of integrated circuits and electronic devices. Its products include electronic design automation, software, emulation hardware, and intellectual property, commonly referred to as verification IP, and design IP. It operates through the following geographical segments: Americas, Asia, Europe, Middle East and Africa, and Japan. The company was founded by Alberto Sangiovanni-Vincentelli, Gudmundur A. Hjartarson, K. Bobby Chao, and K. Charles Janac in June 1988 and is headquartered in San Jose, CA.

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Cadence Design Systems reports record 2022 results and eyes continued growth

Cadence Design Systems (CDNS) delivered strong financial performance in 2022, driven by robust demand in key growth areas and strategic partnerships, positioning the company for continued growth in 2023.
While facing challenges in clarifying revenue guidance, AI integration, and maintaining margins, Cadence's focus on innovation, customer needs, and strategic acquisitions presents opportunities for sustained growth and market leadership.
Analyst inquiries highlighted the need for clear communication on key strategic initiatives, pricing strategies, and technology integration, signaling areas for Cadence to address for enhanced stakeholder understanding and confidence.

Cadence Design Systems reports robust Q1 results and AI-driven growth outlook

Cadence Design Systems delivered strong financial performance in Q1 2023, driven by successful collaborations and growth across key business segments.
While facing challenges in revenue distribution and customer renewals, the company's strategic focus on AI investments and automation positions them well for future growth.
Opportunities lie in leveraging AI for optimization, capitalizing on hardware demand, and driving innovation in system design and analysis, setting the stage for continued success.

Cadence Design Systems reports robust Q2 performance and growth opportunities

Cadence Design Systems (CDNS) delivered strong Q2 results with revenue and EPS growth, driven by AI and hardware performance.
Partnerships with industry leaders and focus on innovation position Cadence for long-term growth in semiconductor and system design.
Challenges include managing operating margins, product development, and production capacity to meet growing demand.
Opportunities lie in leveraging AI capabilities, driving profitable growth, and expanding business across all segments for the future.

Cadence Design Systems (CDNS) exceeds Q3 guidance, focuses on AI-driven growth

Cadence Design Systems (CDNS) delivered robust Q3 results, driven by strong AI-driven design automation and key customer successes.
While facing challenges such as external risks and margin impacts, the company remains focused on innovation and growth opportunities.
With a positive outlook for 2023 and emphasis on AI tools and collaborations, Cadence is well-positioned for continued success and market impact.

Cadence Design Systems (CDNS) posts record 2023 results, eyes AI growth

Cadence Design Systems (CDNS) delivered impressive financial results for Q4 2023 and the full year, driven by robust revenue growth and strategic partnerships. While facing challenges in IP revenue and AI impact realization, the company is poised to capitalize on opportunities in AI tools adoption and R&D investments for future growth.

Cadence Design Systems reports strong Q1 earnings and eyes growth opportunities in high-demand sectors

Cadence Design Systems had a strong Q1, raising financial outlook for 2024 and showcasing leadership in hardware platforms and AI solutions.
While facing challenges like flat China revenue and margin pressures, the company is well-positioned to capitalize on growth opportunities in high-demand sectors.
Partnerships with key industry players and strong demand for hardware platforms drive growth, with expectations for recurring revenue growth above 10%.
Cadence's focus on innovation and market expansion, along with strong customer and partner relationships, positions the company for continued success in the semiconductor and systems industry.

Cadence Design Systems excels in Q2 2024, poised for market disruption

Cadence Design Systems demonstrated strong performance and growth in Q2 2024, driven by strategic partnerships and innovative solutions.
The company's focus on intelligent system design and AI-driven platforms positions it well for future market opportunities.
While facing challenges in a competitive landscape, Cadence has opportunities for expansion and disruption across various sectors.

Cadence Design Systems (CDNS) reports strong Q3 earnings and emphasizes AI-driven growth strategies

Cadence Design Systems (CDNS) showcased robust financial performance in Q3 2024, with a focus on profitability, strategic partnerships, and growth opportunities. Analyst inquiries highlighted areas for potential improvement and scrutiny.

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Cadence Design Systems, Inc. engages in the design and development of integrated circuits and electronic devices. It operates through the following geographical segments: Americas, Asia, EMEA, and Japan. The company was founded by Alberto Sangiovanni-Vincentelli, Gudmundur A. Hjartarson, K. Bobby Chao, and K. Charles Janac in June 1988 and is headquartered in San Jose, CA.

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More on Wall Street are betting on a soft landing for semiconductor stocks that lagged the broader market in 2022 as a two-year, pandemic-driven chip shortage suddenly flipped into a glut.

Wall Street places more bets on chip sector's soft landing in 2023

SAN JOSE, Calif.--( BUSINESS WIRE )--Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced that it has won six Open Innovation Platform® (OIP) Partner of the Year awards from TSMC for its EDA, IP and cloud solutions. Cadence was presented with awards for the joint development of the N3E design infrastructure, 3Dblox ™ Design Solution, analog migration flow, RF design solutions, cloud-based productivity solution and DSP IP. In addition, Cadence was recognized as a founding member of the TSMC 3DFabric ™ Alliance.

Cadence Wins Six 2022 TSMC OIP Partner of the Year Awards

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SAN JOSE, Calif. & HSINCHU, Taiwan--( BUSINESS WIRE )--Cadence Design Systems, Inc. (Nasdaq: CDNS) and United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) (UMC) today announced that customers are adopting their certified mmWave reference flow and experiencing exceptional results. As a proof point, mutual customer, Gear Radio Electronics, Asia's leading RF IP design firm, successfully taped out a low noise amplifier (LNA) IC on the first pass, leveraging UMC's 28HPC+ process technology and the Cadence® RF solution.

Cadence and UMC Certified mmWave Reference Flow Delivers First-Pass Silicon Success

Cadence (CDNS) reported earnings 30 days ago. What's next for the stock?

Why Is Cadence (CDNS) Up 9.2% Since Last Earnings Report?

SAN JOSE, Calif.--( BUSINESS WIRE )--Cadence Design Systems, Inc. (Nasdaq: CDNS):

Cadence's Nimish Modi to Present at Wells Fargo Conference

SAN JOSE, Calif.--( BUSINESS WIRE )--Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced that Cadence® IP for GDDR6 is silicon proven on TSMC's N5 process technology, exceeding Cadence's previous 16Gbps designs. Targeted for very high-bandwidth memory applications, including hyperscale computing, 5G communications, automotive and consumer, the GDDR6 IP consists of Cadence PHY and controller design IP and Verification IP (VIP). GDDR6 is particularly well suited for the memory interface in artificial intelligence/machine learning (AI/ML) chips, which are proliferating due to the growing number of AI inferencing applications. Customers can speed development and reduce risk when using Cadence and TSMC technologies to design these chips that connect to GDDR6 memory.

Cadence Introduces Industry's Leading-Performance, Silicon-Proven 22Gbps GDDR6 IP at TSMC N5

Cadence has a strong portfolio breadth of EDA software solutions and we forecasted it with a 5-year forward average of 10.2% through 2026 driven by Design IP and System Design. We believe its strong commitment to R&D is reflected by its high R&D spending as a % of revenue (39.86%) which is higher compared to the software industry average.

Cadence Design Systems: Software Niche For The Strong Semiconductor Industry

Cadence Design isn't for the thrifty, but its business has a lot to gain in the years to come.

New Chip Designs Are Booming, and This Stock Stands to Benefit

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SK Hynix Inc. added to concerns Wednesday that the semiconductor industry has entered a glut as the chip maker missed expectations for the quarter and forecast declining market demand out into 2023.

SK Hynix adds to evidence that the chip glut is here to stay for a while

Cadence Accelerates RF Design with Delivery of New TSMC N16 mmWave Reference Flow

Cadence Integrity 3D-IC Platform Certified for TSMC 3DFabric Offerings

Cadence's New Flow Automates Custom/Analog Design Migration on TSMC Advanced Technologies

Cadence Design Systems topped Wall Street's targets for the September quarter but provided mixed guidance for the current period. The post Cadence Design Systems Faces Tough Crowd On Wall Street appeared first on Investor's Business Daily.

Cadence Design Systems Faces Tough Crowd On Wall Street

Cadence (CDNS) third-quarter performance benefits from the continued momentum across all business segments.

Cadence (CDNS) Q3 Earnings & Revenues Top Estimates, Up Y/Y

Cadence Digital and Custom/Analog Design Flows Achieve Certification for TSMC's Latest N4P and N3E Processes

Cadence Design Systems, Inc. (NASDAQ:CDNS ) Q3 2022 Results Conference Call October 24, 2022 5:00 PM ET Company Participants Richard Gu - VP, IR Anirudh Devgan - President and CEO John Wall - SVP and CFO Conference Call Participants Jason Celino - KeyBanc Capital Markets Charles Shi - Needham & Company Gary Mobley - Wells Fargo Jay Vleeschhouwer - Griffin Securities Vivek Arya - Bank of America Securities Harlan Sur - JP Morgan Gal Munda - Wolfe Research Johnny Conti - Deutsche Bank Securities Joe Vruwink - Baird & Company Blair Abernethy - Rosenblatt Securities Ruben Roy - Stifel Nicholas Operator Good afternoon. My name is Aby, and I will be your conference operator today.

Cadence Design Systems, Inc. (CDNS) Q3 2022 Earnings Call Transcript

Cadence (CDNS) delivered earnings and revenue surprises of 9.28% and 3.76%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Cadence Design Systems (CDNS) Q3 Earnings and Revenues Top Estimates

Cadence Reports Third Quarter 2022 Financial Results

Cadence Joins Intel Foundry Services USMAG Alliance to Accelerate Chip Design Development

Ignore the buy recommendations from SA authors and Wall Street. Heed the Hold rating that Seeking Alpha Quant has for CDNS. CDNS posted a 52-week high of $194.96 last August. In spite of the recent rally, it now trades at less than $159.

Cadence Design Systems: Not A Buy Ahead Of Q3 Earnings (Technical Analysis)

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The three major U.S. equity indexes closed lower on Thursday, following a choppy trading session that turned gains into losses by noon.

Earnings Previews: Cadence Design, Discover Financial, Range Resources

Cadence's (CDNS) Q3 performance is likely to have benefited from acquisitions and its diversified product portfolio.

Here's What to Expect Ahead of Cadence's (CDNS) Q3 Earnings

Cadence (CDNS) collaborates with Samsung Foundry to help mutual customers improve overall productivity.

Cadence (CDNS) Announces Collaboration With Samsung Foundry

Cadence Expands Collaboration with Samsung Foundry to Advance 3D-IC Design

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