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.

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence's Anirudh Devgan and John Wall to Present at the KeyBanc Technology Leadership Forum

Cadence's Anirudh Devgan and John Wall to Present at the KeyBanc Technology Leadership Forum

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SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--SGS-TÜV Saar independently certified that Cadence Tensilica Xtensa processors with FlexLock capability meet the ISO 26262:2018 standard to ASIL-D.

Cadence Tensilica Xtensa Processors Address Most Stringent Automotive Functional Safety Requirements with Full ISO 26262 Compliance to ASIL-D

Baird analyst Joe Vruwink raised the firm's price target on Cadence Design Systems Inc (NASDAQ: CDNS) to $168 from $160, implying a 15.9% upside, and reiterated an Outperform rating.  The rating follows the company's strong Q2 results, raised guidance, and a CEO transition that he expects should be seamless.

Baird Maintains Outperform On Cadence Design; Increased Price Target Implies 16% Upside

Cadence's (CDNS) Q2 results benefit from strength across business segments like digital & signoff solutions and functional verification suite.

Cadence (CDNS) Beats on Q2 Earnings & Revenues, Raises View

Cadence Design Systems, Inc. (CDNS) CEO Lip Tan on Q2 2021 Results - Earnings Call Transcript

Cadence (CDNS) delivered earnings and revenue surprises of 14.67% and 1.75%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Cadence Design Systems (CDNS) Q2 Earnings and Revenues Top Estimates

Shares of Cadence Design Systems (NASDAQ:CDNS) rose after the company reported Q2 results. Quarterly Results Earnings per share were up 30.30% over the past year to $0.86, which beat the estimate of $0.76.

Recap: Cadence Design Systems Q2 Earnings

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence Reports Second Quarter 2021 Financial Results

Cadence Reports Second Quarter 2021 Financial Results

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence CEO Lip-Bu Tan will transition to the role of exec chairman on Dec. 15, 2021, and President Anirudh Devgan will become CEO at that time.

Cadence Announces Anirudh Devgan to Become CEO in December 2021; Lip-Bu Tan to Transition to Role of Executive Chairman at That Time

Cadence's (CDNS) second-quarter performance is likely to have benefited from its diversified product portfolio. Resurgence of COVID-19 cases across several countries might have been a headwind.

Cadence (CDNS) to Report Q2 Earnings: What's in the Cards?

Cadence Design Systems is using machine learning in its Cerebrus Intelligent Chip Explorer tool for designing complex chips.

Cadence Design Systems launches Cerebrus machine learning for chip design

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence announced the Cerebrus™ Intelligent Chip Explorer, a new machine learning (ML)-based tool that automates and scales digital chip design.

Cadence Extends Digital Design Leadership with Revolutionary ML-based Cerebrus, Delivering Best-in-class Productivity and Quality of Results

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SAN JOSE, Calif. & HSINCHU, Taiwan,--(BUSINESS WIRE)--Cadence and UMC announced that the Cadence digital full flow has been optimized and certified for the UMC 22ULP/ULL process technologies.

Cadence and UMC Collaborate on 22ULP/ULL Reference Flow Certification for Advanced Consumer, 5G and Automotive Designs

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence Announces Second Quarter 2021 Financial Results Webcast

Cadence Announces Second Quarter 2021 Financial Results Webcast

SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--A new report from Cadence reveals consumer awareness and impressions of hyperconnectivity and hyperscale computing and their impact on people's lives.

New Cadence Report Reveals Majority of Consumers Believe Hyperconnectivity Will Positively Impact Their Lives

MEYREUIL, France & SAN JOSE, Calif.--(BUSINESS WIRE)--Presto Engineering and Cadence Collaborate on IC Packaging for Automotive and IoT Markets

Presto Engineering and Cadence Collaborate on IC Packaging for Automotive and IoT Markets

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence today announced AWR Design Environment V16 with cross-platform interoperability to support RF to mmWave RF IP integration.

Cadence Advances RF Design with the Latest AWR Design Environment Platform

SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--The Cadence® Tensilica® FloatingPoint DSP family provides a scalable and configurable solution for a broad range of compute-intensive applications.

New Cadence Tensilica FloatingPoint DSP Family Delivers Scalable Performance for a Broad Range of Compute-Intensive Applications

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence announced that Sequans Communications S.A. has adopted the Cadence RF Solution to develop its next-generation 5G IoT platform.

Sequans Communications Adopts Cadence RF Solution to Develop Next-Generation 5G IoT Platform

SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--The Cadence Allegro X Design Platform unifies schematic, layout, analysis, design collaboration and data management, revolutionizing system design.

New Cadence Allegro X Design Platform Revolutionizes System Design

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence's Anirudh Devgan and John Wall to Present at the 44th Nasdaq Investor Conference

Cadence's Anirudh Devgan and John Wall to Present at the 44th Nasdaq Investor Conference

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence's Nimish Modi to Present at Berenberg Conference

Cadence's Nimish Modi to Present at Berenberg Conference

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Setting aside the container ship stuck in the Suez Canal, the global shortage of semiconductors has been the international trade story of the year so far. The auto industry has been the most vocal about the semiconductor shortage, which has forced production-line stoppages.

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SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence's Anirudh Devgan and John Wall to Present at the Baird 2021 Global Consumer, Technology & Services Conference

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