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    C

    Cadence Design Systems Inc (CDNS)

    Official site

    TECHNOLOGY • SOFTWARE - APPLICATION • NASDAQ

    $324.38
    -5.08 (-1.54%)

    Market Cap: $90.73B

    Last updated: Oct 16, 2026 at 1:54 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    97%(38/39)
    Avg Surprise
    +7.63%

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$2.05
    Range$2.02 - $2.08
    18 analysts
    EPS Revisions
    16
    0
    7d
    16
    1
    30d
    EPS Estimate DriftChange to current
    90d ago$1.93+6.0%
    60d ago$2.05+0.0%
    30d ago$2.05+0.0%
    7d ago$2.05+0.0%
    Current$2.05
    Revenue Consensus
    $1.6B
    Range$1.6B - $1.6B
    18 analysts
    Period ending Dec 31, 2026
    EPS Consensus$-1.18
    Range$-1.30 - $-1.07
    13 analysts
    Revenue Consensus
    $1.7B
    Range$1.7B - $1.7B
    23 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$-1.18---
    Sep 26EST
    		-$2.05---
    Jun 26
    Reported Jul 27
    		$1.58$1.62-2.47%Miss-4.2%
    Mar 26
    Reported Apr 27
    		$1.96$1.89+3.70%Beat+24.8%
    Dec 25
    Reported Feb 17
    		$1.99$1.91+4.19%Beat+5.9%
    Sep 25
    Reported Oct 27
    		$1.93$1.79+7.82%Beat+17.7%
    Jun 25
    Reported Jul 28
    		$1.65$1.56+5.77%Beat+28.9%
    Mar 25
    Reported Apr 28
    		$1.57$1.50+4.67%Beat+34.2%
    Dec 24
    Reported Feb 18
    		$1.88$1.82+3.17%Beat+36.2%
    Sep 24
    Reported Oct 28
    		$1.64$1.44+13.89%Beat+30.2%
    Jun 24
    Reported Jul 22
    		$1.28$1.23+4.07%Beat+4.9%
    Mar 24
    Reported Apr 22
    		$1.17$1.13+3.54%Beat-9.3%
    Dec 23
    Reported Feb 12
    		$1.38$1.33+3.76%Beat+43.7%
    Sep 23
    Reported Oct 23
    		$1.26$1.22+3.28%Beat+18.9%
    Jun 23
    Reported Jul 24
    		$1.22$1.19+2.52%Beat+13.0%
    Mar 23
    Reported Apr 24
    		$1.29$1.25+3.20%Beat+10.3%
    Dec 22
    Reported Feb 13
    		$0.96$0.92+4.35%Beat+17.1%
    Sep 22
    Reported Oct 24
    		$1.06$0.96+10.42%Beat+32.5%
    Jun 22
    Reported Jul 25
    		$1.08$0.97+11.34%Beat+25.6%
    Mar 22
    Reported Apr 25
    		$1.17$1.00+17.00%Beat+41.0%
    Dec 21
    Reported Feb 22
    		$0.82$0.76+7.89%Beat-1.2%
    Sep 21
    Reported Oct 25
    		$0.80$0.75+6.67%Beat+14.3%
    Jun 21
    Reported Jul 26
    		$0.86$0.76+13.16%Beat+30.3%
    Mar 21
    Reported Apr 26
    		$0.83$0.74+12.16%Beat+38.3%
    Dec 20
    Reported Feb 22
    		$0.83$0.74+12.16%Beat+53.7%
    Sep 20
    Reported Oct 19
    		$0.70$0.61+14.75%Beat+29.6%
    Jun 20
    Reported Jul 20
    		$0.66$0.52+26.92%Beat+15.8%
    Mar 20
    Reported Apr 20
    		$0.60$0.54+11.11%Beat+11.1%
    Dec 19
    Reported Feb 12
    		$0.54$0.53+1.89%Beat+3.8%
    Sep 19
    Reported Oct 21
    		$0.54$0.51+5.88%Beat+10.2%
    Jun 19
    Reported Jul 22
    		$0.57$0.53+7.55%Beat+26.7%
    Mar 19
    Reported Apr 22
    		$0.54$0.49+10.20%Beat+35.0%
    Dec 18
    Reported Feb 19
    		$0.52$0.47+10.64%Beat+33.3%
    Sep 18
    Reported Oct 22
    		$0.49$0.41+19.51%Beat+40.0%
    Jun 18
    Reported Jul 23
    		$0.45$0.40+12.50%Beat+32.4%
    Mar 18
    Reported Apr 23
    		$0.40$0.37+8.11%Beat+25.0%
    Dec 17
    Reported Jan 31
    		$0.39$0.39+0.00%Beat+14.7%
    Sep 17
    Reported Oct 26
    		$0.35$0.34+2.94%Beat-
    Jun 17
    Reported Jul 24
    		$0.34$0.32+6.25%Beat-
    Mar 17
    Reported Apr 24
    		$0.32$0.32+0.00%Beat-
    Dec 16
    Reported Feb 1
    		$0.34$0.33+3.03%Beat-

    Key Metrics

    Valuation
    P/E Ratio43.48EV/EBITDA39.49x
    Price/FCF52.94xFCF Yield1.89%
    Profitability
    Profit Margin23.60%Operating Margin28.60%
    ROE23.20%ROIC15.77%
    Financial Health
    Debt/Equity0.36xInterest Coverage15.57x
    Current Ratio1.74xQuick Ratio1.53x
    Trading Statistics
    Beta1.13Avg Volume2.41M
    52-Week High$416.6952-Week Low$262.75

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$345.86
    SMA 20$331.42
    SMA 50$320.16
    SMA 200$326.97
    EMA 10$337.42
    EMA 20$332.27
    EMA 50$328.32
    EMA 200$329.40

    MACD

    Line: 6.88Signal: 8.33Hist: -1.45

    ADX

    ADX: 25.6+DI: 24.2-DI: 31.7

    Aroon & PSAR

    Aroon Up72.0
    Aroon Down12.0
    PSAR$359.93

    Bollinger Bands

    Upper Band$374.85
    Lower Band$287.99
    %B Position2621%(Upper)
    Band Width0.42

    RSI (14-Day)

    Neutral
    46.8

    Momentum Oscillators

    Stoch %K35.0
    Stoch %D53.2
    Williams %R-78.3
    ROC (10d)-7.5%
    Momentum-26.35
    CCI (20d)-29.1
    MFI (14d)44.5

    Volatility Measures

    ATR (14d)$11.27(3.5%)
    StdDev (20d)21.72
    Hist Vol38.7%(Moderate)

    Volume Flow

    VWAP$322.78
    OBV25.1M
    AD Line11.6M
    CMF (20d)0.142

    Volume Metrics

    Avg Vol (20d)2.4M
    Vol Ratio1.0x
    VWMA (20d)$326.89

    Pivot Points

    R3$345.11
    R2$340.54
    R1$335.00
    Pivot Point$330.42
    S1$324.88
    S2$320.31
    S3$314.77

    Advanced Oscillators

    TSI16.48
    Ultimate Osc40.1
    KST132.60

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$1.58B$1.47B$1.44B$1.34B$1.28B$1.24B$1.36B$1.22B$1.06B$1.01B$1.07B$1.02B
    Cost of Revenue$239.32M$214.55M$188.75M$182.19M$184.17M$167.13M$219.99M$163.04M$139.27M$125.20M$104.13M$109.58M
    Gross Profit$1.35B$1.26B$1.25B$1.16B$1.09B$1.08B$1.14B$1.05B$921.41M$883.91M$964.49M$913.51M
    Operating Expenses$894.82M$828.34M$788.02M$731.25M$849.48M$713.71M$670.79M$702.40M$627.53M$633.95M$627.97M$620.61M
    R&D$531.27M$508.44M$464.58M$423.03M$442.06M$439.10M$392.03M$407.37M$370.74M$378.96M$367.44M$369.64M
    SG&A$88.55M$88.22M$103.22M$78.03M$69.03M$63.10M$70.23M$71.58M$63.44M$68.72M$75.74M$58.56M
    Operating Income$450.31M$431.33M$463.33M$425.39M$241.80M$361.52M$456.88M$350.06M$293.88M$249.96M$336.53M$292.91M
    Interest Income$0$0$0$0$0$0$0$0$0$0$0$0
    Interest Expense$35.14M$31.61M$29.44M$29.04M$28.95M$29.12M$29.91M$24.50M$12.90M$8.69M$8.99M$9.06M
    Income Before Tax$510.23M$428.10M$492.96M$392.78M$280.61M$355.69M$436.65M$333.41M$315.71M$310.04M$362.06M$299.95M
    Income Tax Expense$143.16M$92.44M$104.83M$105.66M$120.56M$82.11M$96.44M$95.30M$86.19M$62.40M$38.16M$45.63M
    Net Income$367.08M$335.66M$388.14M$287.12M$160.05M$273.58M$340.21M$238.11M$229.52M$247.64M$323.90M$254.32M
    EBITDA$663.68M$544.09M$591.27M$477.57M$367.31M$436.28M$520.42M$413.27M$375.77M$357.37M$411.75M$346.54M
    EBIT$545.37M$459.72M$522.40M$421.82M$309.56M$384.81M$466.56M$357.91M$328.62M$318.74M$371.05M$309.01M
    * Some calculated fields are derived from available data when not provided by source

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    Government Contracts

    Gov Obligations (TTM)
    $2.14M
    Gov Obligations / Revenue
    0.0%
    Obligations YoY
    -46.1%
    Active Awards
    29
    New Awards (TTM)
    20
    Avg Remaining Term
    9.4 mo

    Top agency: Department of Defense at 55.7% of trailing twelve month obligations across 3 agencies

    Recent Awards

    Award IDAgencyObligatedStart
    FA875126P0004Department of DefenseDepartment of the Air Force$499879Dec 8, 2025
    80NSSC26P0712National Aeronautics and Space AdministrationNational Aeronautics and Space Administration$195960Jul 1, 2026
    N6600125P6348Department of DefenseDepartment of the Navy$175333Sep 18, 2025
    80NSSC26P0452National Aeronautics and Space AdministrationNational Aeronautics and Space Administration$149441Jul 1, 2026
    80NSSC26P0159National Aeronautics and Space AdministrationNational Aeronautics and Space Administration$138511Feb 1, 2026
    80NSSC26P0793National Aeronautics and Space AdministrationNational Aeronautics and Space Administration$133603Jun 6, 2026
    W911QX25PA121Department of DefenseDepartment of the Army$86781Sep 11, 2025
    FA239626PB033Department of DefenseDepartment of the Air Force$82183Jun 1, 2026
    80NSSC25PB804National Aeronautics and Space AdministrationNational Aeronautics and Space Administration$58135Aug 1, 2025
    N0042126P1015Department of DefenseDepartment of the Navy$53240Oct 27, 2025

    Federal contract obligations are bookings recorded by the awarding agency, not recognized revenue. They can exceed 100% of revenue and can be negative when contracts are de-obligated. Source: USAspending.gov prime awards, data through Jul 31, 2026.

    News

    Needham raises target for Synopsys stock to USD 620.00

    Needham has increased its price target for Synopsys (SNPS) stock from USD 580.00 to USD 620.00, maintaining a Buy rating. This adjustment follows Synopsys's strong third-quarter revenue of USD 2.48 billion...

    ad-hoc-news.de•10/16/26•Neutral

    Mather Group LLC. Purchases 13,666 Shares of Cadence Design Systems, Inc. $CDNS

    Mather Group LLC. significantly increased its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) by purchasing an additional 13,666 shares...

    MarketBeat•10/16/26•Somewhat-Bullish

    Cadence Design Systems, Inc. $CDNS Stake Boosted by Assenagon Asset Management S.A.

    Assenagon Asset Management S.A. significantly increased its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 1,097.5% in the third quarter...

    MarketBeat•10/16/26•Bullish

    Form 4 Cadence Design Systems Inc For: 15 October By Investing.com

    This article reports on a Form 4 filing for Cadence Design Systems Inc., dated October 15th. The filing is brief and mentions the company's stock symbol CDNS...

    Investing.com Nigeria•10/15/26•Neutral

    Form 4 Cadence Design Systems Inc For: 15 October By Investing.com

    This article briefly reports on a Form 4 filing for Cadence Design Systems Inc. (CDNS) dated October 15. It primarily serves as a placeholder for the filing information...

    Investing.com India•10/15/26•Neutral

    CDNS Valuation and Fair Value

    P/E
    43.5x
    Forward P/E
    31.6x
    EV/EBITDA
    39.5x
    P/FCF
    52.9x
    PEG
    2.3x
    P/B
    13.0x
    See GNG's fair value

    CDNS Profitability: Margins, ROIC and FCF

    Gross margin
    85.9%
    Operating margin
    28.6%
    Net margin
    23.6%
    ROIC
    15.8%
    ROE
    23.2%
    FCF margin
    28.8%
    FCF yield
    1.9%

    CDNS Competitors

    CompanyTicker
    Hewlett Packard Enterprise CoHPE
    Lumentum Holdings IncLITE
    Synopsys IncSNPS
    Intuit IncINTU
    Adobe Inc.ADBE
    Motorola Solutions IncMSI
    Datadog IncDDOG
    Keysight Technologies IncKEYS

    Sector: Technology

    CDNS Analyst Ratings

    Consensus
    Buy
    Analysts
    25
    Strong Buy
    5
    Buy
    18
    Hold
    2
    Sell
    0
    Strong Sell
    0

    CDNS Bull Case vs Bear Case

    Bull case

    • CDNS earns a 15.8% return on invested capital.
    • CDNS converts 28.8% of revenue into free cash flow.
    • CDNS has a 23.6% net profit margin.

    Bear case

    • CDNS trades at 43.5x trailing earnings.

    CDNS Earnings: Beat Rate and Next Report

    Beat rate
    7 of 8 quarters (87.5%)
    Average surprise
    5.1%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $2.05
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    16 up, 1 down

    Frequently Asked Questions About CDNS

    Does CDNS pay dividends?

    Cadence Design Systems Inc (CDNS) does not currently pay a regular dividend.

    What is CDNS's P/E ratio?

    Cadence Design Systems Inc has a price-to-earnings (P/E) ratio of 43.48.

    What is CDNS's market cap?

    Cadence Design Systems Inc (CDNS) has a market capitalization of $90.73B with a current stock price of $324.38.

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