Cadence Design Systems, Inc. (CDNS)

Cadence Design Systems' stock price has experienced fluctuations over the past six months. As of July 17, 2025, the share price was $320.86, a 15.49% increase from July 18, 2024, reaching an all-time high of $330.09 on July 2, 2025. In the past month (leading up to February 24, 2025), CDNS shares returned -19.4%. In February 2025, Cadence reported strong Q4 2024 revenue of $1.36 billion, up 27% year-over-year, with bookings exceeding $2.5 billion, leading to a record backlog of $6.8 billion. In April 2025, Cadence delivered a strong Q1 2025 performance, surpassing expectations with revenue of $1.242 billion (23% increase year-over-year) and non-GAAP EPS of $1.57 (up 34% year-over-year). Recent news includes Cadence accelerating SoC, 3D-IC, and chiplet design in collaboration with Samsung Foundry (June 2025), advancing design and engineering for Europe's manufacturers on NVIDIA Industrial AI Cloud (June 2025), and unveiling the Millennium M2000 Supercomputer with NVIDIA Blackwell Systems (May 2025).

While specific detailed seasonality data is not explicitly outlined, Cadence Design Systems' demand is generally driven by ongoing design activity and trends in the semiconductor industry. The company expects continued strong demand for its products and services, particularly driven by AI adoption, increasing system complexity, and robust customer demand. The company's strong backlog and current remaining performance obligations provide visibility into future revenue streams, indicating a consistent demand.

Cadence Design Systems, Inc. is a multinational technology and computational software company focused on Electronic Design Automation (EDA). It provides system design solutions for electronic systems, integrated circuits (ICs), and electronic devices. The company's offerings include EDA software, emulation and prototyping hardware, system interconnect and analysis tools, verification and design IP, digital IC design and signoff products, custom IC design and simulation tools, and AI-driven solutions. Cadence's solutions are used across various industries, including consumer electronics, hyperscale computing, 5G communications, mobile, automotive, aerospace and defense, industrial, and life sciences.

Cadence Design Systems has a diversified global presence with sales offices, design centers, and R&D facilities across North America, Europe, Asia Pacific, the Middle East, and Africa. The company's geographical segments for revenue reporting include the United States, Other Americas, China, Asia (except China), EMEA (Europe, Middle East, and Africa), and Japan. This diversified presence helps reduce exposure to geo-political and socio-economic risks and supports revenue growth.

Cadence Design Systems has maintained a strong brand reputation, particularly recognized for its workplace culture and technological leadership. Cadence was named to the Fortune 100 Best Companies to Work For List for the tenth consecutive year. The company is recognized for its technological leadership, offering top-notch EDA software and hardware tools and investing significantly in R&D and partnerships.

Cadence Design Systems, Inc. is largely controlled by institutional shareholders, who own approximately 88% of the company. Major institutional owners include BlackRock, Inc. (11% ownership) and Vanguard Group Inc. (9.4% ownership), among others. Insiders own less than 1% of the company's shares.