Inside the research
Cadence Design Systems, Inc.
CDNS Research profile · latest available data
Price overview
$326.13
▲ +4.13 (+1.3%)
| 52w hi | $416.39 |
|---|---|
| 52w lo | $265.66 |
| Vol | 2.70M |
| As of | 25 Sep 2026 |
The Verdict
Our score -0.11
| Short | -0.56 |
|---|---|
| Medium | +0.08 |
| Long | +0.42 |
computed 2026-09-27
Key fundamentals
Cadence Design Systems, Inc.
Technology · Software - Application
| Market cap | $89.81B |
|---|---|
| Enterprise value | $90.93B |
| Trailing P/E | 64.97x |
| Forward P/E | 34.12x |
| EV / EBITDA | 42.18x |
| P / S (ttm) | 15.41x |
| Profit margin | 23.6% |
| Return on equity | 23.2% |
| Revenue growth | +24.2% |
| Earnings growth | +125.4% |
| Debt / equity | 38.66 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.28 | |
| Sector | +0.15 | |
| Technical | -0.35 | |
| Earnings | +0.00 | |
| Sentiment | +0.01 |
macro × 1.00 · 2026-09-27
Business overview
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.
Risk Metrics
| Beta vs SPX | 1.48 |
|---|---|
| Corr SPX | 0.58 |
| Annual vol | 40.7% |
| Annual ret | +17.0% |
| Sharpe | 0.42 |
| Max DD | -34.2% |
Window: 504 trading days (504 obs)
Analyst Coverage
| Mean PT | $379.55 |
|---|---|
| High / Low | $425.00 / $275.00 |
| Median | $387.50 |
| Analysts | 26 |
| Strong Buy | 5 | |
|---|---|---|
| Buy | 17 | |
| Hold | 3 | |
| Sell | 0 | |
| Strong Sell | 0 |
Recent rating actions
| 2026-04-29 | Citigroup | → Buy |
| 2026-04-28 | Wells Fargo | → Overweight |
| 2026-04-28 | Rosenblatt | → Buy |
| 2026-04-28 | Piper Sandler | → Neutral |
| 2026-04-28 | Needham | → Buy |
| 2026-04-28 | Keybanc | → Overweight |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-07-27 | Earnings Release, Exhibits | read |
| 2026-05-12 | Officer / Director Change, Shareholder Vote | read |
| 2026-04-27 | Earnings Release, Exhibits | read |
| 2026-02-23 | Securities Issuance | read |
| 2026-02-17 | Earnings Release, Exhibits | read |
| 2025-11-17 | Officer / Director Change, Exhibits | read |
| 2025-10-27 | Earnings Release, Exhibits | read |
| 2025-09-04 | Material Agreement, Securities Issuance | read |
| 2025-07-28 | Material Agreement | read |
| 2025-07-28 | Earnings Release, Exhibits | read |
| 2025-07-03 | Other Material Event | read |
| 2025-05-29 | Other Material Event | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-07-30 | SOHN YOUNG | Gift | 9 | — | |
| 2026-07-22 | TENG CHIN-CHI | Sr. Vice President | Option exercise | 1.00K | $202.94K |
| 2026-07-22 | TENG CHIN-CHI | Sr. Vice President | Sell | 720 | $241.70K |
| 2026-07-22 | TENG CHIN-CHI | Sr. Vice President | Sell | 252 | $84.85K |
| 2026-07-22 | TENG CHIN-CHI | Sr. Vice President | Sell | 200 | $67.56K |
| 2026-07-22 | TENG CHIN-CHI | Sr. Vice President | Sell | 1.97K | $667.26K |
| 2026-07-22 | TENG CHIN-CHI | Sr. Vice President | Sell | 440 | $150.55K |
| 2026-07-22 | TENG CHIN-CHI | Sr. Vice President | Sell | 241 | $82.66K |
| 2026-07-22 | TENG CHIN-CHI | Sr. Vice President | Sell | 399 | $137.23K |
| 2026-07-22 | TENG CHIN-CHI | Sr. Vice President | Sell | 80 | $27.61K |
Flow & Concentration
| Insider 180d net | -$53.16M |
|---|---|
| Insider buys / sells | 0 / 55 |
| Insider bias | Sellers |
| 13F holders | 0 |
| Top-5 share | 0.0% |
| HHI | 0 (—) |
SEC Filings
The Long Run
FY 2010–2025 · 16 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $4.64B | +11.3% | |
| Operating income | $1.25B | +18.2% | |
| Net income | $1.11B | +18.2% | |
| Cash from ops | $1.35B | +21.8% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $324.97 | $330.81 | $322.78 | $326.13 | 2.70M |
| Sep 24 | $306.39 | $322.49 | $305.20 | $322.00 | 2.47M |
| Sep 23 | $305.63 | $315.70 | $305.63 | $309.09 | 3.59M |
| Sep 22 | $298.65 | $303.85 | $294.00 | $302.95 | 2.90M |
| Sep 21 | $285.73 | $295.80 | $283.39 | $294.90 | 2.34M |
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