secwatch.observer — SEC 8-K summary
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Issuer:     CADENCE DESIGN SYSTEMS INC (CDNS)
CIK:        0000813672
Form:       8-K
Filed at:   2022-04-25T23:59:59+00:00
Accession:  0000813672-22-000021
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/813672/000081367222000021/0000813672-22-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/813672/000081367222000021/cdns-20220425.htm
  HTML page:      https://secwatch.observer/filing/0000813672-22-000021

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer