secwatch.observer — SEC 8-K summary
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Issuer:     CADENCE DESIGN SYSTEMS INC (CDNS)
CIK:        0000813672
Form:       8-K
Filed at:   2022-07-25T23:59:59+00:00
Accession:  0000813672-22-000036
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cadence Q2 revenue $858M (+18% YoY), GAAP EPS $0.68; raises FY2022 guidance
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- Revenue $858M vs $728M YoY; GAAP operating margin 33% vs 25%.
- Non-GAAP EPS $1.08 (beat $0.86); GAAP EPS $0.68 vs $0.56.
- FY2022 revenue guidance raised to $3.47B-$3.51B; non-GAAP EPS to $4.06-$4.12 (23-25% YoY growth).
- Q3 2022 outlook: revenue $860-$880M, non-GAAP EPS $0.94-$0.98.
- Pending OpenEye Scientific acquisition; plans ~$900M share repurchases in FY2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/813672/000081367222000036/0000813672-22-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/813672/000081367222000036/cdns-20220725.htm
  HTML page:      https://secwatch.observer/filing/0000813672-22-000036

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