Cadence Design Systems beat expectations for a fourth straight quarter as a 40% surge in Semiconductor IP revenue and booming demand for its agentic AI design tools drove the company to raise full-year guidance by 3 points at the midpoint to 19% growth.
Cadence Design Systems :
CDNS
CDNS
Stock Data
$339.24
$0.82 (0.24%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
TECHNOLOGY
Industry
SOFTWARE - APPLICATION
Cadence Design Systems Inc. specializes in creating software, hardware, and integrated circuit (IC) design blocks that cater to a wide range of industries including consumer electronics, automotive, aerospace, and more. With a strong focus on innovation, Cadence offers a suite of verification services, digital and custom IC design products, system design tools, and intellectual property (IP) solutions. Their products, such as JasperGold, Xcelium, and Palladium, are designed to streamline the chip verification process, enhance design efficiency, and accelerate the time-to-market for new technologies. Headquartered in San Jose, California, Cadence is a trusted partner in pushing the boundaries of electronic design.
Latest Activity
Cadence Design Systems reports Q2 results after the bell today at 4:02 PM ET. The chip design software maker faces pressure to prove that AI-fueled demand for its tools can sustain growth momentum into the second half.
All Cadence Design Systems Articles
58 Articles