---
schema_version: "secwatch.filing_event.v1"
accession: "0000813672-22-000053"
form_type: "8-K"
ticker: "CDNS"
cik: "0000813672"
company_name: "CADENCE DESIGN SYSTEMS INC"
filed_at: "2022-10-24T23:59:59+00:00"
generated_at: "2026-06-23T01:47:13.054206+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Cadence Q3 revenue $903M (+20% YoY); GAAP EPS $0.68, non-GAAP EPS $1.06; raises FY22 outlook

## Summary
- Q3 GAAP net income $186M ($0.68 diluted EPS) vs $176M ($0.63) YoY; non-GAAP net income $290M ($1.06).
- Q3 revenue $903M vs $751M YoY; GAAP operating margin 29%, non-GAAP 39%.
- FY22 revenue guidance raised to $3.532-3.552B; non-GAAP EPS raised to $4.20-4.24.
- OpenEye acquisition closed Aug 31; FY22 outlook includes latest China export controls.
- Expects $300M share repurchase in Q4; operating cash flow YTD $979M.

## SEC filing metadata
- accession: 0000813672-22-000053
- form_type: 8-K
- ticker: CDNS
- cik: 0000813672
- company_name: CADENCE DESIGN SYSTEMS INC
- filed_at: 2022-10-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/813672/000081367222000053/0000813672-22-000053-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/813672/000081367222000053/cdns-20221024.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000813672-22-000053
- JSON: https://secwatch.observer/filing/0000813672-22-000053.json
- Plain text: https://secwatch.observer/filing/0000813672-22-000053.txt

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