Companies /Technology

Cadence Design Systems Inc

NASDAQ: CDNS Software - Application
$358.99
▼ $0.56 (−0.16%) today
Markets open · 3:54pm ET

24/7 Wall St. View

Price Prediction $467.16 +30.3% Our analysts’ 12-month view: target, optimistic case, and floor. CDNS price prediction → Earnings Beat +2.7% EPS vs. the estimate, revenue, and how the market reacted. CDNS earnings history →

CDNS at a Glance

Valuation
Market cap
$99.0B
P/E ratio
70.2
Profitability
Revenue (TTM)
$5.8B
Profit margin
23.6%
EPS (TTM)
$5.12
Price
52-week range
$263 – $417
24/7 target
$467.16
Street target
$405.47
Earnings
Next report
Oct 26, 2026
Q2 2026 EPS
$2.11
vs. $2.06 est.
+2.7%

Headquartered in San Jose, CA Fiscal year ends December NASDAQ: CDNS cadence.com

About Cadence Design Systems

Cadence Design Systems is a provider of computational software, hardware, and IP used in electronic design automation (EDA), semiconductor IP, and system design and analysis. The company's solutions enable semiconductor and systems companies to design chips, advanced packages, printed circuit boards, and full electromechanical systems across markets including hyperscale computing, mobile communications, automotive, aerospace, industrial, life sciences, and robotics. Cadence's Intelligent System Design strategy integrates AI-driven tools — including its AI Super Agents portfolio spanning ChipStack, ViraStack, InnoStack, and AuraStack — across the full electronic system design flow. The company also provides verification hardware (emulation and prototyping systems) and a broad portfolio of semiconductor IP including its Star IP product line. Cadence expanded its system design and analysis capabilities through its acquisition of the Hexagon D&E business, strengthening its PCB and advanced packaging solutions. Updated

Revenue by Segment · Q2 2026
  1. Core EDA68%
  2. System Design and Analysis17%
  3. Semiconductor IP15%

Latest Activity

House trade disclosureKevin Hern
  • AAPLApple Inc. - Common Stock (AAPL)Partial sell$1K – $15KSep 8
  • AAPLApple Inc. - Common Stock (AAPL)Partial sell$1K – $15KSep 8
  • ARBUCKLE MEM HOSP AUTH OKLA SALES TAX 03.00000% 01/01/2027 REV BDS SER. 2018Buy$15K – $50KSep 8
  • BSXBoston Scientific Corporation Common Stock (BSX)Partial sell$50K – $100KSep 4
  • BSXBoston Scientific Corporation Common Stock (BSX)Sell$1K – $15KSep 3
  • BSXBoston Scientific Corporation Common Stock (BSX)Sell$1K – $15KSep 3
  • BSXBoston Scientific Corporation Common Stock (BSX)Sell$1K – $15KSep 3
  • BSXBoston Scientific Corporation Common Stock (BSX)Sell$50K – $100KSep 9
+ 42 more trades in this filing
Made public 29 days after the earliest trade

Hern's 99-trade filing is a near-wholesale exit from energy and industrials, with Devon Energy sold down in three separate blocks of $100,001 to $250,000 and a same-size Exxon trim, while the only buys are Oklahoma municipal bonds and defensive names like Coca-Cola and Chubb. A House Republican rotating out of oil into tax-free paper is worth noting as his own party campaigns on a trading ban.

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CDNS Coverage

1:59pm ET
Investing

How Cadence Design Systems Powers the Chips Behind AI

Every AI chip heading into a hyperscaler data center passes through a tollbooth most investors have never heard of. Here is why that chokepoint is quietly reshaping the economics of the entire…

CDNS
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Frequently Asked Questions

What does Cadence Design Systems do?

Cadence Design Systems is a provider of computational software, hardware, and IP used in electronic design automation (EDA), semiconductor IP, and system design and analysis.

What is the CDNS stock price target?

24/7 Wall St.'s 12-month price target for CDNS is $467.16, rated Buy. The Wall Street consensus target is $405.47. CDNS price prediction →