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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.
CDNS' first-quarter performance is likely to have benefited from higher customer demand amid volatile global macroeconomic conditions.
Chip-making equipment specialist Cadence Design Systems (CDNS 6.16%) was targeted for a recommendation upgrade on Thursday, and investors eagerly leapt into the stock. It closed the day 6% and change higher, more than triple the percentage gain of the bellwether S&P 500 index.
Beyond analysts' top -and-bottom-line estimates for Cadence (CDNS), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2025.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Cadence unveils the world's first DDR5 12.8 Gbps MRDIMM Gen2 memory IP system solution, built on TSMC's cutting-edge N3 process.