---
schema_version: "secwatch.filing_event.v1"
accession: "0000813672-22-000021"
form_type: "8-K"
ticker: "CDNS"
cik: "0000813672"
company_name: "CADENCE DESIGN SYSTEMS INC"
filed_at: "2022-04-25T23:59:59+00:00"
generated_at: "2026-06-26T05:12:29.128446+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Cadence Q1 revenue $902M (+23% YoY); raises FY22 guidance above prior range

## Summary
- GAAP EPS $0.85 vs $0.67 YoY; non-GAAP EPS $1.17 vs $0.83 YoY.
- Q1 backlog exceeded $5 billion; operating cash flow $337M.
- FY22 revenue guidance raised to $3.395-$3.435B; non-GAAP EPS $3.89-$3.97.
- Q2 outlook: revenue $825-$845M; non-GAAP EPS $0.95-$0.99.
- Plans to repurchase at least $125M of shares in Q2 and ≥50% of FCF for FY22.

## SEC filing metadata
- accession: 0000813672-22-000021
- form_type: 8-K
- ticker: CDNS
- cik: 0000813672
- company_name: CADENCE DESIGN SYSTEMS INC
- filed_at: 2022-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/813672/000081367222000021/0000813672-22-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/813672/000081367222000021/cdns-20220425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000813672-22-000021
- JSON: https://secwatch.observer/filing/0000813672-22-000021.json
- Plain text: https://secwatch.observer/filing/0000813672-22-000021.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.