CDNS Stock Recent News

Cadence Design Systems reported strong Q1 FY25 earnings, with revenue growth over 20%, driven by Core EDA and robust IP business momentum. AI, chiplet-based designs, and foundry ecosystem expansions are key tailwinds, with significant partnerships like Nvidia and Intel bolstering growth prospects. Despite strong performance, the stock is rated Hold due to its current valuation at ~44x CY25 EPS estimates, suggesting limited upside potential.

Cadence Design Systems (CDNS 5.50%) stock is moving higher in Tuesday's trading following the company's first-quarter report. The tech specialist's share price was up 5.1% as of 2:15 p.m.

SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS #cdns--Cadence expanded its design IP portfolio optimized for Intel 18A/18A-P technologies and announced EDA tool certification on the latest Intel 18A PDK.

CDNS reports better-than-expected first-quarter results on solid demand trends and upgrades revenue and EPS guidance for 2025.

Cadence Design Systems, Inc. (NASDAQ:CDNS ) Q1 2025 Earnings Conference Call April 28, 2025 5:00 PM ET Company Participants Richard Gu - VP of IR Anirudh Devgan - President and CEO John Wall - SVP and CFO Conference Call Participants Harlan Sur - JPMorgan Lee Simpson - Morgan Stanley Gary Mobley - Loop Capital Vivek Arya - Bank of America Securities Gianmarco Conti - Deutsche Bank Jay Vleeschhouwer - Griffin Securities Jason Celino - KeyBanc Capital Markets Joe Quatrochi - Wells Fargo Joe Vruwink - Baird Joshua Tilton - Wolfe Research Siti Panigrahi - Mizuho Nay Soe Naing - Berenberg Ruben Roy - Stifel Blair Abernethy - Rosenblatt Securities Operator Good afternoon. My name is Tina and I will be your conference operator today.

Although the revenue and EPS for Cadence (CDNS) give a sense of how its business performed in the quarter ended March 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Cadence Design Systems (CDNS) came out with quarterly earnings of $1.57 per share, beating the Zacks Consensus Estimate of $1.49 per share. This compares to earnings of $1.17 per share a year ago.

Cadence Design Systems raised its forecasts for annual revenue and profit on Monday, betting on resilient demand for its chip design software from semiconductor makers looking to boost production to capitalize on the AI boom.

Cadence Design Systems has a strong product portfolio, robust R&D investment, and market share gains despite Synopsys' lead. Cadence's market share rose to 35.1% in 2024, narrowing the gap with Synopsys, driven by functional verification platforms like Palladium Z3 and Protium X3. Synopsys' aggressive acquisition strategy and larger R&D spending support its market leadership, but Cadence's partnerships and geographic growth in the US and Asia remain strong.

CDNS expands its collaboration with TSMC to accelerate time to silicon for advanced-node and 3D-IC technologies.