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CADENCE DESIGN SYSTEMS INC (CDNS)

As-reported financials and recent SEC filings for CADENCE DESIGN SYSTEMS INC, latest fiscal period FY2025. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About CADENCE DESIGN SYSTEMS INC

Cadence Design Systems Inc develops AI-driven software, accelerated hardware, and silicon intellectual property products for semiconductor companies and systems companies that design and manufacture integrated circuits and electromechanical systems. Its offerings include electronic design automation tools for designing and verifying analog, digital, mixed-signal, memory, radio-frequency, and silicon photonics chips. Cadence serves industries such as automotive, aerospace, consumer electronics, data centers, industrial, medical, and mobile by providing solutions that optimize semiconductor and electronic system design.

Snapshot

Revenue
$5.30B
Revenue growth (YoY)
14.1%
Net income
$1.11B
Diluted EPS
$4.06
Gross margin
Operating margin
28.2%
Net margin
20.9%
FCF margin
30.0%
ROE
20.3%
P/E (TTM)
79.3×
Market cap
$93.39B
Debt / equity

Fundamentals are from SEC filings. P/E and market cap are derived from recent market prices, refreshed on a rolling basis (typically within the past week).

What changed at Cadence Design Systems

  • Revenue grew 14.1% to $5.3B in FY2025, in line with the 13.5% the year before.
  • Operating margin is 28.2% in FY2025, +2.1 pp against 26.1% in FY2021.
  • Most recent quarter Q1 FY2026: revenue $1.5B, up 18.7% from Q1 FY2025.
  • Free cash flow was $1.6B in FY2025, 30.0% of revenue.
  • Net income rose 5.1% to $1.1B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Cadence Design Systems’s fundamentals sit among the 330 software companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin28.2%
91st percentile of 302
Net margin20.9%
84th percentile of 306
FCF margin30.0%
87th percentile of 283
Revenue growth (YoY)+14.1%
59th percentile of 323
ROE20.3%
80th percentile of 283
P/E (TTM)79.3×
87th percentile of 172
Short interest4.08d
48th percentile of 329

Cadence Design Systems’s operating margin of 28.2% ranks in the 91st percentile of the 302 software companies reporting it. Cadence Design Systems’s FCF margin of 30.0% ranks in the 87th percentile of the 283 software companies reporting it. Cadence Design Systems’s P/E of 79.3 ranks in the 87th percentile of the 172 peers with a meaningful P/E.

No open-market insider buys in the last 90 days; 60 insider sales totaling $66.0M. For context, about 16% of companies in the universe saw any open-market insider buying in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 3 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F (latest Q1 2026).

Conviction investors
3
+7 quant / multi-strat
Initiated / added
8
1 new, 7 added
Reduced / exited
3
2 trimmed, 1 exited
Combined position
$998.0M
reported long value
InvestorAs ofPosition valueSharesChange
D. E. ShawquantQ1 2026$256.1M921.7KAdded
Point72 Asset ManagementquantQ1 2026$190.7M686.4KAdded
Two Sigma InvestmentsquantQ1 2026$145.4M523.4KAdded
Millennium ManagementquantQ1 2026$118.8M427.5KAdded
Citadel AdvisorsquantQ1 2026$111.4M400.8KAdded
Dodge & CoxQ1 2026$64.2M230.9KReduced
Renaissance TechnologiesquantQ1 2026$44.6M160.5KNew
Gotham Asset ManagementQ1 2026$34.3M123.4KAdded
AQR Capital ManagementquantQ1 2026$25.5M92.3KAdded
Bridgewater AssociatesQ1 2026$7.1M25.4KReduced

No longer held by: Sands Capital Management (as of Q1 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
open-market
Bought (90d)
open-market value
Sells (90d)
60
$66.0M
Signal
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-07-22
filed 2026-07-23
TENG CHIN-CHISr. Vice PresidentSell2.0K$339.05$667K
2026-07-22
filed 2026-07-23
TENG CHIN-CHISr. Vice PresidentSell720$335.69$242K
2026-07-22
filed 2026-07-23
TENG CHIN-CHISr. Vice PresidentSell440$342.15$151K
2026-07-22
filed 2026-07-23
TENG CHIN-CHISr. Vice PresidentSell399$343.94$137K
2026-07-22
filed 2026-07-23
TENG CHIN-CHISr. Vice PresidentSell252$336.71$85K
2026-07-22
filed 2026-07-23
TENG CHIN-CHISr. Vice PresidentSell241$342.98$83K
2026-07-22
filed 2026-07-23
TENG CHIN-CHISr. Vice PresidentSell200$340.70$68K
2026-07-22
filed 2026-07-23
TENG CHIN-CHISr. Vice PresidentSell200$337.78$68K
2026-07-22
filed 2026-07-23
TENG CHIN-CHISr. Vice PresidentSell80$345.17$28K
2026-07-15
filed 2026-07-17
Cunningham PaulSr. Vice PresidentSell2.0K$383.36$767K
2026-06-22
filed 2026-06-24
TENG CHIN-CHISr. Vice PresidentSell1.3K$387.43$496K
2026-06-22
filed 2026-06-24
TENG CHIN-CHISr. Vice PresidentSell998$382.35$382K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
6.2M
settled 2026-07-15
Change vs prior
+2.5%
vs previous settlement
Days to cover
4.08
at avg daily volume
Avg daily volume
1.5M
FINRA reported
SettlementShares shortChangeDays to cover
2026-07-156.2M+2.5%4.08
2026-06-306.0M+22.7%2.04
2026-06-154.9M+1.0%1.87
2026-05-294.9M-10.5%2.33
2026-05-155.4M-13.9%2.56
2026-04-306.3M+7.0%2.21
2026-04-155.9M-18.0%2.89
2026-03-317.2M+16.2%3.28

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$5.30B$4.64B$4.09B$3.56B$2.99B
Gross profit
Operating income$1.49B$1.35B$1.25B$1.07B$779.1M
Net income$1.11B$1.06B$1.04B$849.0M$696.0M
Diluted EPS$4.06$3.85$3.82$3.09$2.50

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$3.00B$2.64B$1.01B$882.3M$1.09B
Current assets$4.67B$4.02B$1.98B$1.71B$1.72B
Total assets$10.15B$8.97B$5.67B$5.14B$4.39B
Current liabilities$1.64B$1.37B$1.59B$1.35B$971.2M
Long-term debt
Total liabilities$4.68B$4.30B$2.27B$2.39B$1.65B
Total equity$5.47B$4.67B$3.40B$2.75B$2.74B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$1.73B$1.26B$1.35B$1.24B$1.10B
Capital expenditure$141.9M$142.5M$102.3M$123.2M$65.3M
Free cash flow$1.59B$1.12B$1.25B$1.12B$1.04B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q1 FY2026$1.47B18.7%$335.7M$1.23
Q4 FY2025$1.44B6.2%$388.1M$1.42
Q3 FY2025$1.34B10.1%$287.1M$1.05
Q2 FY2025$1.28B20.2%$160.1M$0.59
Q1 FY2025$1.24B23.1%$273.6M$1.00
Q4 FY2024$1.36B26.9%$340.2M$1.24
Q3 FY2024$1.22B18.8%$238.1M$0.87
Q2 FY2024$1.06B8.6%$229.5M$0.84

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorTechnology
SIC industryServices-Prepackaged Software
Fiscal year endDecember 31
Latest fiscal periodFY2025
SEC filings since2019
SEC CIK813672

Recent SEC filings

10-K2026-02-19
View on EDGAR →
10-K2025-02-21
View on EDGAR →
10-Q2026-05-01
View on EDGAR →
10-Q2025-10-29
View on EDGAR →
10-Q2025-07-30
View on EDGAR →
10-Q2025-04-30
View on EDGAR →
8-K2026-07-27
View on EDGAR →
8-K2026-05-12
View on EDGAR →

Largest software peers

All software stocksAll Technology companies →

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Data sourced from SEC EDGAR (public domain). Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.