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CDNS Silicon, IP & Semicap EDA software for AI chip design Open in compare

Cadence Design Systems

AI chip complexity increases demand for EDA, verification, IP, and simulation tools.

Price $302.95 Live
1D Change +4.24% 1 day
Market Cap $83.43B Live
Enterprise Value $84.55B Current
Trailing P/E 58.5 TTM
Forward P/E 31.7 Forward
PEG Ratio 2.25x Yahoo est.
Price / Sales 14.3 TTM
EV / Revenue 14.5 TTM
Revenue Growth 24.2% YoY latest qtr
Earnings Growth 125.4% YoY latest qtr
Gross Margin 85.9% TTM
Operating Margin 28.6% TTM
Net Margin 23.6% TTM
ROE 23.2% TTM
Free Cash Flow $1.61B TTM
FCF Margin 27.6% TTM
Debt / Equity 0.39x Latest qtr
Current Ratio 1.74x Latest qtr
Dividend Yield 0.00% Annualized
Next Earnings Oct 26, 2026 Calendar

Metric timing

This page mixes live market data, trailing fundamentals, and latest reported statement data.

Live / market snapshot

Price, 1D change, market cap, and enterprise value are current market-based figures.

TTM / forward

Most valuation and margin cards are trailing twelve months, while forward P/E uses forward consensus.

Latest quarter / dividend cadence

Balance-sheet ratios use the latest reported quarter. Dividend cadence is inferred from recent payout history.

Revenue $5.30B Dec 31, 2025

latest annual revenue

Revenue $1.58B Jun 30, 2026

latest quarterly revenue

Net Income $1.11B Dec 31, 2025

latest annual profit

Net Income $367.1M Jun 30, 2026

latest quarterly profit

Dividend / Share $0.00 No regular dividend

annualized per share

Last Dividend No dividend history

latest ex-dividend cash amount

Price chart

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Latest headlines

Recent company headlines. Each link opens the original article in a new tab.

Zacks Sep 22, 2026
Cadence Design Systems (CDNS) Stock Moves 2.61%: What You Should Know

The latest trading day saw Cadence Design Systems (CDNS) settling at $302.6, representing a +2.61% change from its previous close.

Trefis Sep 22, 2026
What Happens To Synopsys Stock If AI Learns To Design Chips Without It?

Synopsys (SNPS) sells the electronic design automation software and design IP that chipmakers use to build new chips. Its stock has lost 16.3% over the past year, while the S&P 500 gained 18.5%. A Needham analyst said on the fiscal Q3 2026 earnings call that the question investors keep asking is whether AI could learn to design chips without those tools. The biggest risk is not a sudden break. It is that Ansys revenue could hide the threat inside the headline totals while it builds.

24/7 Wall St. Sep 22, 2026
The More Complicated Chips Become, the More Interesting Synopsys Gets

Chip design complexity is hitting levels only a handful of software vendors can handle, and one under-the-radar name keeps collecting a toll on every advanced design that ships. The question is whether Wall Street has already priced in its edge or is still sleeping on it.

Trefis Sep 18, 2026
Why Has Synopsys Stopped Leading With Bad News?

Two years of Synopsys (SNPS) earnings calls show management changing what it explains. The company used to open on problems, some outside its control and some its own. The August 2026 call is built around a joint product with Ansys, agentic AI, and a new way to charge for its design IP. Most of that switch is earned, but parts of it are still a promise.

Zacks Sep 18, 2026
How is Advanced Packaging Strengthening Cadence's Position?

CDNS is benefiting from rising AI complexity, driving demand for advanced packaging, 3D-IC and differentiated IP.

Simply Wall St. Sep 17, 2026
Should Analog Devices’ New SHARC-FX Auto Audio Deal Shift the AI IP Story for Cadence (CDNS)?

In September 2026, Analog Devices announced it had worked with Cadence’s Tensilica IP Group to create the new SHARC-FX automotive audio processors for its ADSP-SC84x/2184x platform, moving to 16nm technology and adding enhanced AI, audio, and security capabilities for software-defined vehicles. This collaboration extends Cadence’s DSP architecture deeper into automotive edge compute, aligning its IP business with emerging in-cabin AI audio and voice applications. Next, we’ll examine how...

Why it could benefit going forward

  • AI chip complexity increases demand for EDA, verification, IP, and simulation tools.
  • Custom accelerator programs at hyperscalers expand the design customer base.
  • Cadence can also use AI inside its own design automation workflows.

Moat / edge

  • Mission-critical EDA tools with high switching costs.
  • Deep customer relationships across semiconductor and systems companies.
  • Recurring software model with strong margins.

What to watch

  • AI-driven design activity and backlog.
  • Hardware verification and IP growth.
  • Competition with Synopsys and Siemens EDA.

Key risks

  • Semiconductor design cycles can slow in downturns.
  • Valuation is sensitive to growth expectations.

Business snapshot

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.