Cadence Design Systems, Inc.
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Anirudh Devgan
- Full Time Employees
- 12,837
- Sector
- Technology
- Industry
- Software - Application
- Address
- Building 5 San Jose CA United States of America 95134
- IPO Date
- Jun 10, 1987
- CIK
- 0000813672
- Website
- cadence.com
- Similar Companies
- Business
- Cadence Design Systems, Inc. (CDNS) provides electronic design automation (EDA) software, hardware, and intellectual property (IP) for designing integrated circuits, systems-on-chips, printed circuit boards, and complex electronic systems; offers custom IC design and simulation tools including the Virtuoso Studio platform and Spectre X simulator; delivers digital implementation and signoff solutions such as Genus Synthesis Solution, Innovus Implementation System, Tempus Timing Signoff Solution, and Voltus Power Integrity Solution; supplies system verification products like Palladium Z2 emulation platform, Protium X2 prototyping system, Xcelium parallel simulator, and JasperGold formal verification; provides semiconductor IP including Tensilica DSP processors for AI, vision, and audio processing, interface IP such as USB, MIPI, Ethernet, and SerDes, along with memory compilers and analog/mixed-signal IP; offers PCB and packaging technologies via Allegro Platform and OrCAD/PSpice; develops systems design and analysis tools encompassing Sigrity for signal/power integrity, Clarity 3D solver for electromagnetics, Celsius thermal solver, Fidelity CFD for multiphysics simulation, and the Reality Digital Twin Platform; includes machine design solutions through the Millennium M1 multiphysics platform and OpenEye molecular modeling software for drug discovery. Founded in 1988 through the merger of SDA and ECAD and headquartered at 2655 Seely Avenue in San Jose, California, the company operates globally with over 12,700 employees, serving hyperscale computing, 5G communications, mobile, automotive, aerospace, defense, industrial, life sciences, consumer electronics, and cloud markets primarily in the Americas, Asia, and Europe. Recent developments include the September 2025 announcement of a €2.7 billion ($3.16 billion) acquisition of Hexagon AB's Design & Engineering division including MSC Software for structural analysis and simulation, expected to close in Q1 2026; the April 2025 acquisition of Arm's Artisan foundation IP business featuring standard cell libraries, memory compilers, and GPIOs; the January 2025 acquisition of Secure-IC for embedded security IP; the June 2024 $1.24 billion purchase of BETA CAE Systems to bolster multiphysics analysis; an extended strategic partnership with TSMC announced in October 2025 for AI-driven 3D-IC design and new memory IP; and a July 2025 $140 million settlement with U.S. authorities over prior export control violations to China.
CDNS DCF Analysis: Intrinsic Value $235 vs Price $376
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