Companies /Technology

Cadence Design Systems Inc

NASDAQ: CDNS Software - Application
$342.75
▲ $0.29 (+0.08%) today
Markets closed · 7:16pm ET

24/7 Wall St. View

CDNS at a Glance

Valuation
Market cap
$94.3B
P/E ratio
68.2
Profitability
Revenue (TTM)
$6.1B
Profit margin
22.5%
EPS (TTM)
$5.02
Price
52-week range
$263 – $417
24/7 target
$455.99
Street target
$411.76
Earnings
Q3 2026 EPS
$2.11
vs. $2.05 est.
+3.1%

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

About Cadence Design Systems

Cadence Design Systems is a computational software company focused on AI and digital twins, providing electronic design automation (EDA) tools, semiconductor intellectual property (IP), and system design and analysis solutions. Its products enable semiconductor and systems companies to design next-generation products from chips to full electromechanical systems across markets including hyperscale computing, mobile communications, automotive, aerospace, industrial, life sciences, and robotics. The company operates under its Intelligent System Design strategy and generates revenue through three product categories: Core EDA (digital, analog, signoff and hardware verification tools), Semiconductor IP (interface, memory, and foundation IP), and System Design and Analysis (PCB design, advanced packaging, and multiphysics simulation). Cadence is increasingly integrating AI capabilities into its product portfolio, including its Maestro domain-specialized AI models and AI Super Agents for chip and system design workflows. Updated

Revenue by Segment · Q3 2026
  1. Core EDA69%
  2. System Design and Analysis16%
  3. Semiconductor IP15%

Latest Activity

CDNSCadence Design Systems
Regular session
$347.76
+6.07%open $327.87

A 6.07% jump is a rare one-day move for this chip-design name, and it follows Monday's Q3 earnings report filed with the SEC. Keep an eye on whether the gain holds into the close.

CDNSCadence Design Systems
Q3 2026
EPS
$2.11
est $2.05+3.1%
Revenue
$1.63B
est $1.61B+1.3%

Cadence raised its full-year revenue outlook for the third time this year, now guiding to roughly 21% growth on a record backlog. AI chip design demand lifted every segment, and management added to the buyback authorization.

Quarterly EPS — reported vs estimate
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  • 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.

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…

Austin Smith

Frequently Asked Questions

What does Cadence Design Systems do?

Cadence Design Systems is a computational software company focused on AI and digital twins, providing electronic design automation (EDA) tools, semiconductor intellectual property (IP), and system design and analysis solutions.

What is the CDNS stock price target?

24/7 Wall St.'s 12-month price target for CDNS is $455.99, rated Buy. The Wall Street consensus target is $411.76. CDNS price prediction →