Cadence FY2022 revenue $3.562B (+19% YoY), GAAP EPS $3.09; guides FY2023 rev $4.00-4.06B

CADENCE DESIGN SYSTEMS INC

2022-FY EPS reported $3.09 revenue$3,561,718,000

FY2022 revenue $3.562B vs $2.988B in 2021 (+19% YoY); GAAP net income $849M ($3.09 diluted EPS).
Non-GAAP operating margin 40% vs 37% in 2021; Non-GAAP EPS $4.27, up 30% from $3.29.
Q4 revenue $900M, GAAP EPS $0.88, Non-GAAP EPS $0.96; operating cash flow $264M.
FY2023 guidance: revenue $4.00-4.06B, GAAP EPS $3.24-3.34, Non-GAAP EPS $4.90-5.00.
Backlog grew to $5.8B from $4.4B; share repurchases $1.050B in 2022.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

CADENCE DESIGN SYSTEMS INC reported the quarter and fiscal year ended December 31, 2022 results: revenue $900 million, net income $240 million, EPS $0.88 per share on a diluted basis.

Period: the quarter and fiscal year ended December 31, 2022
Revenue: $900 million
Net income: $240 million
EPS: $0.88 per share on a diluted basis
Result: reported results

Exact text from the filing

Cadence reported 2022 revenue of $3.562 billion, compared to revenue of $2.988 billion for 2021. On a GAAP basis, Cadence achieved operating margin of 30 percent and recognized net income of $849 million, or $3.09 per share on a diluted basis, in 2022

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

CADENCE DESIGN SYSTEMS INC reported the quarter and fiscal year ended December 31, 2022 results: revenue $900 million, net income $240 million, EPS $0.88 per share on a diluted basis.

Period: the quarter and fiscal year ended December 31, 2022
Revenue: $900 million
Net income: $240 million
EPS: $0.88 per share on a diluted basis
Result: reported results

Exact text from the filing

Revenue for the fourth quarter of 2022 totaled $900 million, compared to revenue of $773 million for the same period in 2021. Cadence achieved operating margin of 23 percent and recognized net income of $240 million, or $0.88 per share on a diluted basis, in the fourth quarter of 2022

View on SEC.gov

13 earnings releases filed in the last 30 days. Browse all earnings releases →

CADENCE DESIGN SYSTEMS INC filing history →

Source: SEC EDGAR

accession 0000813672-23-000010

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.